Two further ESG indices include Yokohama Rubber stock
Yokohama Rubber stock has been selected for inclusion in two additional indices that focus on the stocks of companies that demonstrate strong Environmental, Social, and Governance (ESG) practices. In addition to the FTSE Russell FTSE4Good Index, which it has been a component of for 13 consecutive years, Yokohama Rubber has been newly included in FTSE Russell’s FTSE Blossom Japan Index and MSCI Inc.’s MSCI Japan ESG Select Leaders Index.
The FTSE4Good Index is used by investors around the world as a benchmark index for their ESG-focused investments. As of June 2017, the index included stocks of 883 companies, of which 148 are Japanese companies. The FTSE Blossom Japan Index was established as an industry-neutral index that reflects the performance of Japanese companies that demonstrate strong ESG practices; the index included 151 companies as of June 2017. The MSCI Japan ESG Select Leaders Index is composed of 251 companies (as of June 2017) selected for their superior ESG performance from among the companies included in the MSCI Japan IMI Top 500 Index, which comprises Japan’s 500 largest listed stocks by market capitalisation.
The FTSE Blossom Japan Index and MSCI Japan ESG Select Leaders Index are two of three ESG-focused indexes adopted on 3 July 2017, by Japan’s Government Pension Investment Fund (GPIF).