Print

Press Release

Jul. 28, 2022

TOYO TIRES Remains a Constituent of ESG Indexes in Three Year

Hyogo, Japan – July 28, 2022 – Toyo Tire Corporation (Headquarters: Itami City, Hyogo Prefecture; President & CEO: Takashi Shimizu; hereinafter, “Toyo Tire”) hereby announced that it has again been selected as the member of three ESG indexes: the FTSE4Good Index Series, the FTSE Blossom Japan Index, and the SOMPO Sustainability Index. This is the third consecutive year that the company has been recognized as a constituent of these indexes.

pic


The ESG index is a stock index composed of companies evaluated by an independent evaluation agency to be committed to management that takes into account ESG (Environment / Social / Governance.) Companies’ ESG initiatives and attitude are more emphasized as a way to better maintain the international community under today’s influence of the global problems like pandemic of COVID-19, political instability, and environmental destruction.

As in last year, we have been included in three ESG indexes that “FTSE4Good Index Series” and “FTSE Blossom Japan Index”, they are developed by FTSE Russell, a subsidiary of the London Stock Exchange Group, and "SOMPO Sustainability Index" operated by Sompo Asset Management. Our stocks were also selected as a component of "FTSE Blossom Japan Sector Relative Index", the ESG index newly established by FTSE Russell in April 2022. For details of each brand, please refer to "External Recognition" (https://www.toyotires-global.com/csr/evaluation/) on our corporate website.

In February 2022, we announced in our Sustainability Management Policy that we would make ESG the foundation of Toyo Tire‘s corporate activities, and we aim for integrated promotion of our business and sustainability. We take it sincerely that continuing to be adopted by multiple ESG brands means that we are being counted on to fulfill our social mission globally. As a global tire manufacturer, we will continue to engage in corporate activities based on ESG and contribute to the realization of a sustainable mobility society.


 (Reference)

■About FTSE Index
Toyo Tire announced it has been included in the FTSE4Good Index Series and the FTSE Blossom Japan Index. These are created by the global index and data provider FTSE Russell (FTSE International Limited and Frank Russell Company.)

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.
https://www.ftserussell.com/products/indices/ftse4good

The FTSE Blossom Japan Index is designed as an industry neutral benchmark that reflects the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices in Japan.
https://www.ftserussell.com/products/indices/blossom-japan

FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change. Businesses included in the FTSE4Good Index Series and the FTSE Blossom Japan Index meet a variety of environmental, social and governance criteria.

■About SOMPO Sustainability Index
The SOMPO Sustainability Index is a unique active index composed of approximately 300 companies with outstanding Environmental, Social and Governance (ESG) initiatives. This is reviewed every year based on the results of ESG assessments, Sompo Risk Management Inc.’s "Bunanomori Environmental Survey" and IntegreX Inc.’s Integrex Screening.
https://www.sompo-am.com/

 

 

 

Toyo Tire Corporation
Corporate Communications Dept.
Hyogo Head office Telephone: +81-72-789-9100 Facsimile: +81-72-773-3272

Press Release is intended for media purposes, and is current of the date of publication.
Information is subject to change with or without notice.