September 15, 2017
Yamaha Included in All Three ESG Indices selected by GPIF
Yamaha Corporation announced that its equities have been included in all three environmental, social and governance (ESG) indices selected by Japan's Government Pension Investment Fund (GPIF), the world’s largest pension fund. The three indices include FTSE Blossom Japan Index, MSCI Japan ESG Select Leaders Index, and MSCI Japan Empowering Women Index (WIN).
These equity indices incorporating ESG metrics had been adopted by GPIF in an aim to promote ESG investment in which companies are judged on the basis of their active engagement in environmental, social, and governance issues.
The Three Selected ESG Indices
FTSE Blossom Japan Index
An index designed by a global index provider, FTSE Russell, which includes Japanese companies with excellent performance in ESG practices.
MSCI Japan ESG Select Leaders Index
An index designed by an American stock index provider, MSCI, which is composed of equities from the "MSCI Japan IMI Top 500 Index" (top 500 Japanese companies by market capitalization), that demonstrates high environmental, social and governance (ESG) performance relative to their sector peers.
MSCI Japan Empowering Women Index (WIN)
An index also published by MSCI, which is composed of equities from the "MSCI Japan IMI Top 500 Index" (top 500 Japanese companies by market capitalization) that demonstrate superior gender diversity in each industry.
Yamaha has been a constituent of the FTSE4Good Global Index, a major international socially responsible investment (SRI) index for 16 consecutive years since 2002 as well. Having social and environmental viewpoint, the company will continue to seek for improving corporate value over the long-term.