July 5, 2021
Kobe Steel, Ltd.
Kobe Steel, Ltd. announces that it has been selected for the first time as a constituent of the FTSE4Good Index Series and the FTSE Blossom Japan Index, global environmental, social and governance (ESG) investment indices.
The FTSE4Good Index Series and the FTSE Blossom Japan Index are key ESG investment indices developed by FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group (LSEG). FTSR Russell surveys business enterprises around the world to select companies that demonstrate excellence in environmental, social, and governance practices. These indices are widely used in selecting companies for sustainable investment. The FTSE Blossom Japan Index, which measures the performance of Japanese companies in their environmental, social and governance practices, is one of the ESG investment indices of Japan's Government Pension Investment Fund (GPIF), the world's largest public pension fund management organization.
The KOBELCO Group has been promoting sustainable management based on its Group Corporate Philosophy with the aim of contributing to the environment and society and achieving sustainable growth. At the same time, we are pursuing enhancement of corporate governance to support our initiatives. We believe that the selection of Kobe Steel as an index constituent is a result of the Company's efforts being highly evaluated. The KOBELCO Group will continue to provide solutions to the needs of society, including ESG, by making the best use of the talents of our employees and our technologies, in order to realize a world in which people, now and in the future, can fulfill their hopes and dreams while enjoying safe, secure and prosperous lives, together with its stakeholders.
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