Otsuka Holdings Selected as a Constituent of the FTSE Blossom Japan Sector Relative Index, an ESG Investment Index
April 22, 2022
Otsuka Holdings Co., Ltd., (Head office: Chiyoda-ku, Tokyo, Japan; President and Representative Director, CEO: Tatsuo Higuchi) announced that it has been selected as a constituent of the FTSE Blossom Japan Sector Relative Index, an ESG (environmental, social, and governance) investment index.
The FTSE Blossom Japan Sector Relative Index is constructed by global index provider FTSE Russell. It is designed to be sector-neutral, reflecting the performance of Japanese companies with relatively superior environmental, social, and governance (ESG) practices in their respective sectors. In order to encourage the transition to a low-carbon economy, only companies whose efforts to make improvements as assessed by their Transition Pathway Initiative (TPI) Management Quality score are included, especially for companies with particularly high greenhouse gas emissions.
Japan’s Government Pension Investment Fund, one of the world’s largest public pension fund management organizations, has adopted this index as an investment criterion for ESG investment management.
The Otsuka group aims to solve social issues through its business in line with its corporate philosophy, “Otsuka-people creating new products for better health worldwide.” In 2019, it identified its material issues as society (health, people, quality in all we do), environment (carbon neutrality, circular economy, water neutrality), and governance, and is working together as a group to achieve its goals.
The Otsuka group will continue to work actively toward its own sustainable growth and the realization of a sustainable society.