Jul. 28, 2023
TOYO TIRES Remains a Constituent of ESG Indexes in Four Years
Hyogo, Japan – July 28, 2023 – 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 for the fourth consecutive year. We also have been selected as a constituent of the newly established FTSE Blossom Japan Sector Relative Index in 2022 for the second consecutive year.
■About FTSE Index
The FTSE4Good Index Series, the FTSE Blossom Japan Index and the FTSE Blossom Sector Relative Index are created by the global index and data provider FTSE Russell (FTSE International Limited and Frank Russell Company.)
|FTSE4Good Index Series||It is designed to measure the performance of companies demonstrating strong ESG practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products. |
|FTSE Blossom Japan Index||It is designed as an industry neutral benchmark that reflects the performance of companies demonstrating strong ESG practices in Japan. |
|FTSE Blossom Sector Relative Index||It is designed to be sector-neutral, relatively reflecting the performance of Japanese companies with superior ESG engagement in each sector. In order to facilitate the transition to a low-carbon economy, the index includes only those companies that are recognized for their improvement efforts by the Transition Pathway Initiative (TPI) Management Quality Score, especially in the case of companies with high greenhouse gas emissions. |
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, the FTSE Blossom Japan Index and the FTSE Blossom Sector Relative Index meet a variety of environmental, social and governance criteria.
■About SOMPO Sustainability Index
|SOMPO Sustainability Index||It is a unique active index composed of approximately 300 companies with outstanding ESG initiatives. This is reviewed every year based on the results of Sompo Risk Management Inc.’s "Bunanomori Environmental Survey" and ESG assessments. |
Under our Sustainability Management Policy announced in 2022, we made ESG the foundation of Toyo Tire‘s corporate activities, and are working for integrated promotion of our business and sustainability. Through these activities, globally we will contribute to the realization of a sustainable mobility society on a global scale.
For details of each brand, please refer to "External Recognition" (https://www.toyotires-global.com/csr/evaluation/) on our corporate website.
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.