Seiko Epson Corporation has been selected for inclusion in the FTSE Blossom Japan Sector Relative Index, a new ESG index announced for adoption by the Japanese Government Pension Investment Fund (GPIF) on 30 March 2022.
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 in each sector with superior environmental, social and governance (ESG) practices.
In order to facilitate the transition to a low-carbon economy, the index includes only those companies that are recognized for their efforts to improve based on their Transition Pathway Initiative’s Management Quality (MQ) score, especially for companies with high greenhouse gas emissions.
The FTSE Blossom Japan Sector Relative Index is used as a benchmark for ESG-based passive investment by the GPIF, one of the world’s largest public pension management organizations. Among the ESG indices GPIF employs in making its selection, Epson has been chosen for inclusion in the FTSE Blossom Japan Index, the MSCI Japan Empowering Women Index (WIN) and the S&P/JPX Carbon Efficient Index.
The company said: “Epson aspires to achieve sustainability and enrich communities over the long term. The Epson 25 Renewed corporate vision states that the company will focus particularly on businesses that contribute to the environment, and that we will continue to develop businesses that address such societal issues.”
