Kao Corporation has recently been included in global stock indices for environmental, social and governance (ESG) investing: the FTSE4Good Index Series for the 11th consecutive year; the FTSE Blossom Japan Index and MSCI Japan ESG Select Leaders Index for the second consecutive year; and MSCI Japan Empowering Women Index (WIN) for the first time.
The FTSE4Good Index Series and the FTSE Blossom Japan Index are developed by FTSE Russell, a member of London Stock Exchange Group. They are designed using FTSE4Good Index Inclusion Rules, based on the existing international ESG standards including the UN Sustainable Development Goals (SDGs) to select companies that demonstrate strong ESG efforts.
The MSCI Japan ESG Select Leaders Index and MSCI Japan Empowering Women Index (WIN) are developed by MSCI (US), a company providing institutional investors around the world with various support tools for their decision making. Both are composed of companies with high ESG performance selected from the MSCI Japan IMI Top 500 Index.
These indices are broadly used as important criteria by global investors who focus on each company's ESG efforts.
The Kao Group embarked on its Kao Group Mid-term Plan 2020 (K20) in 2017 with the key theme of "Transforming Ourselves to Drive Change". Dave Muenz, head of the ESG Division, newly setup this July as part of an effort to achieve K20 goals, comments, "We are delighted to see Kao's ESG activities received so positively by the investment community. As Kao moves into its second year of K20, we will step up our efforts in this area to create a positive impact on the sustainability of society and for further business success".
The Kao Group will promote its unique ESG activities on a global level for the wholehearted satisfaction and enrichment of the lives of people worldwide and to contribute to social sustainability.
Kao creates high-value-added products that enrich the lives of consumers around the world. Through its portfolio of over 20 leading brands such as Attack, Bioré, Goldwell, Jergens, John Frieda, Kanebo, Laurier, Merries and Molton Brown, Kao is part of the everyday lives of people in Asia, Oceania, North America and Europe. Combined with its chemical division, which contributes to a wide range of industries, Kao generates about 1,500 billion yen in annual sales. Kao employs about 33,000 people worldwide and has 130 years of history in innovation. Please visit the Kao Group website for updated information.