Mitsuboshi Belting Ltd. (Head Office: Kobe City, Hyogo Prefecture; President: Hiroshi Ikeda) has been elected as a constituent of the FTSE Blossom Japan Sector Relative Index.
“FTSE Russell confirms that Mitsuboshi Belting Ltd. has been independently assessed according to the index criteria and has satisfied the requirements to become a constituent of the FTSE Blossom Japan Sector Relative Index. The FTSE Blossom Japan Sector Relative Index is used by a wide variety of market participants to create and assess responsible investment funds and other products.”
The FTSE Blossom Japan Sector Relative Index, created by global index provider FTSE Russell, is designed to be sector-neutral, reflecting the relative performance of Japanese companies with superior environmental, social, and governance (ESG) performance in their respective sectors. In addition, to facilitate the transition to a low-carbon economy, for companies with high greenhouse gas emissions, only those companies recognized for their improvement efforts by the Transition Pathway Initiative (TPI) Management Quality Score are included.
The FTSE Blossom Japan Sector Relative Index has also been adopted by the Government Pension Investment Fund (GPIF), the world’s largest public pension fund management organization, as a benchmark for ESG passive management and is widely used to create and evaluate sustainable investment funds and other financial products.
Mitsuboshi Belting Group will continue to promote initiatives to solve social and environmental issues through its business activities based on the corporate philosophy, “To give attentive consideration to both humanity and nature.” and strive to further enhance its corporate value.
＜FTSE Blossom Japan Sector Relative Index＞