We are pleased to inform you that IRISO Electronics, Co., Ltd. (Head Office: Yokohama City, Kanagawa Prefecture, Representative Director, President and CEO, Hitoshi Suzuki) has been selected for the first time as a constituent of FTSE Blossom Japan Sector Relative Index.
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 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.
On March 30, 2022, GPIF (the General Pension Investment Fund), the worlds’ largest pension fund adopted the FTSE Blossom Japan Sector Relative Index as a core performance benchmark for ESG passive fund.
FTSE Russell confirms that IRISO Electronics, Co., Ltd. has been independently assessed according to the index criteria, and has satisfied the requirements to become a constituent of the FTSE Blossom Japan Sector Relative Index. The FTSE Blossom Japan Sector Relative Index is used by a wide variety of market participants to create and assess responsible investment funds and other products.
As we were already selected as a constituent of the “S&P/JPX Carbon Efficient Index” and “Morningstar Japan ex-REIT Gender Diversity Tilt Index”, we have now been the constituents of the three ESG indexes out of the six, which GRIF uses for the Japanese stock market.
About IRISO Electronics’ Sustainability Initiatives
About FTSE Blossom Japan Sector Relative Index (Japanese)