NSK Listed in Major ESG Investment Index “FTSE4Good Index Series” and Indices Adopted by Japan’s Government Pension Investment Fund (GPIF)
NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Akitoshi Ichii) announced today that it has been selected as a constituent of the FTSE4Good Index Series*1, a globally recognized investment index for ESG and socially responsible investment, for the 22nd consecutive year (since 2003).
In addition, the company has been included in the FTSE Blossom Japan Index*2 for the seventh consecutive year (since 2018) and in the FTSE Blossom Japan Sector Relative Index*3 (newly established in 2022) for the third consecutive year. Japan’s public pension fund, the Government Pension Investment Fund (GPIF), references these indices in investment decisions.
Created by the global index and data provider FTSE Russell, these indices are designed to evaluate the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Businesses included in these indices meet a variety of ESG criteria.
Based on NSK’s Corporate Philosophy the company positions its core values of “safety, quality, environment, and compliance” as the highest-priority shared value standards in management decision-making and business activities. In the company’s Mid-Term Management Plan, which runs from fiscal 2022 to fiscal 2026 (MTP2026), NSK has positioned ESG management as a key management task and is moving forward with initiatives to contribute to a sustainable world through its businesses and remain a company that is needed, trusted, and continually chosen by society. To achieve these goals NSK has identified nine material topics as the key sustainability areas on which it should focus its efforts.
See the following page for more information about NSK’s sustainability initiatives.
*1 NSK announces it has been included in the FTSE4Good Index Series.
Created by the global index and data provider FTSE Russell, 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.
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 meet a variety of environmental, social and governance criteria.
*2 NSK announces it has been included in the FTSE Blossom Japan Index.
Created by the global index and data provider FTSE Russell, 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.
FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change. Businesses included in the FTSE Blossom Japan Index meet a variety of environmental, social and governance criteria.
*3 NSK announces it has been included in the FTSE Blossom Japan Sector Relative Index.
The FTSE Blossom Japan Sector Relative Index is designed as a sector neutral benchmark that reflects the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices in Japan. The index selects companies with higher ESG Ratings within the top 50% of each sector and supports climate transition to a low carbon economy by evaluating companies’ climate governance and climate change efforts via the Transition Pathway Initiative’s Management Quality Score.
Further information can be found online at theFTSE Blossom Japan Index series page.
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