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 ESG investing (*), for the 17th consecutive year since its initial inclusion in 2003 and “FTSE Blossom Japan Index” for three consecutive years since 2017.
FTSE4Good Global Index is an index developed by FTSE Russell, wholly owned subsidiary of London Stock Exchange Group, whose constituents are selected by measuring their performance in terms of management and information disclosure utilizing globally-recognized Environmental, Social and Governance (ESG) standards (1,034 companies selected world-wide, including 175 Japanese companies). FTSE Blossom Japan Index reflects the performance of Japanese companies that demonstrate strong ESG practices (179 companies selected). This index has been adopted as a benchmark of ESG investing by Government Pension Investment Fund (GPIF) in Japan.
“In addition, we have also been selected as a constituent of the “MSCI Japan Empowering Women Index” (WIN, 224 companies selected) and “S&P/JPX Carbon Efficient Index (1,733 companies selected). Those indices have also been adopted by GPIF as a benchmark of ESG investing,” “K” Line said.
“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 our business activities and contribute to sustainable progress of the society,” the company added.
*ESG investing describes an investment strategy which takes account of enterprises’ social, ethical and environmental aspects as well as financial performance.
Sea News, July 10