Nippon Steel Selected for the "FTSE4Good Index Series" and the "FTSE Blossom Japan Index", Leading Indices for ESG Investment Two Years in a Row
June 27, 2019
Nippon Steel Corporation
Nippon Steel Corporation has been selected as a constituent both of the "FTSE4Good Index Series" and the "FTSE Blossom Japan Index," well-renowned ESG (Environment, Social and Governance) investment indices two years in a row. At the same time, NS Solutions Corporation, one of our subsidiaries, has also been selected as a constituent both of the indices.
Nippon Steel Selected for the "FTSE4Good Index Series" and
the "FTSE Blossom Japan Index", Leading Indices for ESG Investment Two Years in a Row
The "FTSE4Good Index Series" and the "FTSE Blossom Japan Index" are developed by FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group. FTSE Russel uses its own ESG evaluation model based on the existing international ESG standards, including the United Nations Sustainable Development Goals (SDGs), for selection of companies demonstrating outstanding ESG initiatives. These indices are widely used as important criteria by investors worldwide, who increasingly focus on ESG initiatives of companies. The "FTSE Blossom Japan Index" has been adopted by the Government Pension Investment Fund (GPIF) of Japan to integrate ESG consideration for its selection of companies for investment.
- Nippon Steel's ESG initiatives
The earth is an "iron planet" with one-third of its weight being iron. Steel is a superb material with abundant reserves, high strength, a high cost-performance ratio, outstanding recyclability, and low environmental impacts both in production and from the perspective of life cycle assessment (LCA). This is proven by a fact that around 90% of metals used in society is steel.
"Nippon Steel pursues world-leading technologies and manufacturing capabilities, and strives to contribute to society by providing excellent products and services," as stipulated in its statement of corporate values. Moreover, "contributing to the achievement of a sustainable society (i.e., to achievement of SDGs)" is identified as one of main initiatives in Nippon Steel's ongoing 2020 Mid-Term Management Plan.
We are committed to create the value of steel and realize its potential as an indispensable basic material for all industries and for building social infrastructure. We will return the value of steel to society and thereby contribute to society, facilitating everyone's enjoyment of the wealth of benefits gained from this. We believe this is the mission of us engaged in steelmaking.
Details on FTSE4Good Index Series
Details on FTSE Blossom Japan Index
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