External Evaluation
(As of July 2024)
Inclusion in ESG indices
FTSE4Good Index Series
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of global companies demonstrating strong Environmental, Social and Governance (ESG) practices. The series are used by a wide variety of market participants to create and assess responsible investment funds and other products.

FTSE Blossom Japan Index
Created by the global index and data provider FTSE Russell, the FTSE Blossom Japan Index is designed as an industry neutral benchmark that reflects the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices in Japan. The Index is used as an important criterion in ESG investment, with the Government Pension Investment Fund (GPIF) adopting it as one of the general indices for Japanese equities.

FTSE Blossom Japan Sector Relative Index
Created by the global index and data provider FTSE Russell, the FTSE Blossom Japan Sector Relative Index is designed as a sector neutral benchmark that reflects the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices in Japan. The index selects companies with higher ESG Ratings within the top 50% of each sector and supports climate transition to a low carbon economy by evaluating companies’ climate governance and climate change efforts via the Transition Pathway Initiative’s Management Quality Score. The Index is used as an important criterion in ESG investment, with the Government Pension Investment Fund (GPIF) adopting it as one of the general indices for Japanese equities.

MSCI Japan Empowering Women Index (WIN)
Created by MSCI Inc., which is based on data such as the ratio of women among new hires, employees, and managers, as well as disclosed information such as policies on promoting diversity. The index selects companies that are leading the way in promoting the advancement of women in their sectors. The index is used as an important criterion in ESG investment, with the Government Pension Investment Fund (GPIF) adopting it as one of the indices for Japanese equities.

MSCI Japan Empowering Women Index (WIN) (Japanese only)
* The inclusion of Nippon Shokubai in any MSCI Index, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement or promotion of Nippon Shokubai by MSCI or any of its affiliates.The MSCI Indexes are the exclusive property of MSCI. MSCI and the MSCI Index names and logos are trademarks or service marks of MSCI or its affiliates.
S&P/JPX Carbon Efficient Index
An index created by S&P Dow Jones Indices and the Tokyo Stock Exchange. The S&P/JPX Carbon Efficient Index is designed to measure the performance of companies in the Tokyo Stock Price Index (TOPIX), while overweighting or underweighting those companies that have lower or higher levels of carbon emissions per unit of revenue.

Sompo Sustainability Index
An index selected by Sompo Risk Management Co., Ltd., consisting of companies with excellent ESG (environmental, social, and governance) initiatives. Sompo Asset Management builds and manages portfolios that follow this index.
Sompo Sustainability Index (Japanese only)

ESG-related evaluation
DBJ Environmentally Rated Loan Program
The DBJ Environmentally Rated Loan Program is the world’s first financing menu to select outstanding companies by evaluating their environmental management by means of the environmental rating method developed by Development Bank of Japan Inc. (DBJ). Nippon Shokubai has received the highest rating, which is given to companies with “excellent advanced environmental initiatives,” for 4 times in a row.
