Kao Corporation was selected for the newly developed “FTSE Blossom Japan Index” and “MSCI Japan ESG Select Leaders Index,” two ESG* indexes for Japanese equities.
FTSE Blossom Japan Index was developed by FTSE Russell, which is wholly owned by the London Stock Exchange Group. It uses the globally established FTSE4Good Index Inclusion Rules which are drawn from existing international standards including the UN Sustainable Development Goals. MSCI Japan ESG Select Leaders Index was developed by MSCI, a US-based independent provider of research-driven insights and tools to support investment decision-making for institutional investors worldwide. It is composed of companies in the MSCI Japan IMI Top 500 Index selected for their high ESG rating.
Both indexes were selected as two of three indexes adopted on July 3 by the Government Pension Investment Fund (GPIF). The GPIF had been soliciting equity indexes incorporating ESG metrics in an aim to promote ESG investment in which companies are judged on the basis of their active engagement in environmental issues, contribution to social causes, and commitment to corporate governance.
To further expand its corporate value in the global sphere, the Kao Group has formulated its Kao Group Mid-term Plan 2020 (K20). In K20, the Kao Group aims to establish a global presence by combining contributions to the sustainability of the world with profitable growth. The Group will continually seek to provide solutions to social issues and undertake CSR activities through its business operations as it works to strive for the satisfaction and enrichment of the lives of people globally and to contribute to the sustainability of society.