MOL Marks Consecutive Listings On FTSE4 Good Index Series And FTSE Blossom Japan Index
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) announced that the company has once again been named to the FTSE4Good Index Series, the world’s major Environmental, Social and Governance (ESG)/Responsible Investment (RI) index for 20 consecutive years since 2003, and to the FTSE Blossom Japan Index for six consecutive years since it was created in 2017.
Both are created by the global index and data provider FTSE Russell. These indexes are designed as an industry neutral benchmark that reflects the performance of companies demonstrating strong ESG practices in areas such as Climate Change, Health & Safety, Corporate Governance and Anti-Corruption. In addition, they are widely used to create and assess sustainable investment funds and other products.
Meanwhile, MOL was also selected as a Constituent of the FTSE Blossom Japan Sector Relative Index (Note 1). This index was newly established by FTSE Russell in March 2022, so MOL has been named to three indexes by FTSE Russell.
The MOL Group has identified “Sustainability Issues (materiality)” as social issues to prioritize through its business activities, and is moving ahead with initiatives to address issues related to all aspects of ESG in accordance with the “MOL Sustainability Plan” (Note 2).
Aiming to become an excellent and resilient corporate group, MOL continually accelerates initiatives to increase its social and economic value under its group-wide Corporate Mission: “From the Blue Oceans, We Sustain People’s Lives and Ensure a Prosperous Future.”
- FTSE4Good Index Series
It is a global ESG investment index that selects companies complying with international criteria, as target investments for ESG funds.
FTSE4Good Index Series | FTSE Russell
- FTSE Blossom Japan Index / FTSE Blossom Japan Sector Relative Index
These are indexes of ESG investments in Japanese companies and are used by the Government Pension Investment Fund (GPIF) to select ESG investments.
FTSE Blossom Japan Index Series | FTSE Russell