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Press Release

Jan. 25, 2024

TOYO TIRE Remains a Constituent of ESG Indexes

Hyogo, Japan – January 25, 2024 – 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 FTSE Blossom Japan Sector Relative Index.
*FTSE conducts ESG rating assessments based on companies' disclosure information either in June or December, and decides on the inclusion in the relevant index based on the results. In the past, we have been evaluated in the June assessment group. However, we proposed a switch to the December assessment, and in 2023, we exceptionally received evaluations in both June and December. Consequently, we have been selected for inclusion in these indexes in the recent December assessment. Moving forward, our evaluations will be conducted exclusively in December.

■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.) 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.

Index

Summary

 

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.
https://www.ftserussell.com/products/indices/ftse4good


FTSE Blossom Japan Index
 

It is designed as an industry neutral benchmark that reflects the performance of companies demonstrating strong ESG practices in Japan.
https://www.ftserussell.com/products/indices/blossom-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.
https://www.ftserussell.com/products/indices/blossom-japan

 

For details of each brand, please refer to "External Recognition" (https://www.toyotires-global.com/csr/evaluation/) on our corporate website.

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.

 

 

 

 

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.