Kawasaki Kisen Kaisha, Ltd. (“K” Line) has been selected again as a constituent of the FTSE4Good Index Series, one of the leading global indices for Socially Responsible Investment (SRI) (*1), for the 16th consecutive year since its initial inclusion in 2003 and FTSE Blossom Japan Index for two consecutive years.
FTSE4Good Global Index is an index developed by FTSE Russell (*2), whose constituents are selected by measuring their performance in terms of management and information disclosure utilizing globally-recognized Environmental, Social and Governance (ESG) standards (Japanese companies number 152 out of 925 global companies). The index is a leading indicator used by investors who place importance on corporate social responsibility and sustainability.
“In addition, we were also selected as a constituent of the FTSE Blossom Japan Index which reflects the performance of Japanese companies that demonstrate strong ESG practices (155 companies selected). This index has been adopted as a benchmark of ESG investment by Government Pension Investment Fund (GPIF),” the company said.
“Furthermore, as of June 2018, we have also been selected as a constituent of the MSCI (*3) Japan Empowering Women Index (WIN) which is constituted of companies that promote and maintain higher levels of gender diversity in individual industry sector (215 companies selected). This index has been also adopted as a benchmark of ESG investment by GPIF,” the company added.
“We have raised ESG as one of the important initiatives in our medium-term management plan. We will continue striving to fulfill our social responsibility through ESG initiatives and contribute to sustainable progress of the society,” said “K”Line.
*1 SRI (Socially Responsible Investment) describes an investment strategy which takes account of enterprises’ social, ethical and environmental aspects as well as financial performance.
*2 FTSE Russell is owned by London Stock Exchange Group, an index company offering indexing and analytical solutions worldwide.
*3 MSCI is listed on New York Stock Exchange, a provider of investment decision support tools worldwide.
Sea News, July 12