Nippon Steel Selected for the "FTSE4Good Index Series"
by David Fleschen
Nippon Steel Corporation has been selected as a constituent both of the "FTSE4Good Index Series" and the "FTSE Blossom Japan Index," well-renowned ESG (Environment, Social and Governance) investment indices two years in a row. At the same time, NS Solutions Corporation, one of our subsidiaries, has also been selected as a constituent both of the indices.
The "FTSE4Good Index Series" and the "FTSE Blossom Japan Index" are developed by FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group. FTSE Russel uses its own ESG evaluation model based on the existing international ESG standards, including the United Nations Sustainable Development Goals (SDGs), for selection of companies demonstrating outstanding ESG initiatives. These indices are widely used as important criteria by investors worldwide, who increasingly focus on ESG initiatives of companies. The "FTSE Blossom Japan Index" has been adopted by the Government Pension Investment Fund (GPIF) of Japan to integrate ESG consideration for its selection of companies for investment.
The earth is an "iron planet" with one-third of its weight being iron. Steel is a superb material with abundant reserves, high strength, a high cost-performance ratio, outstanding recyclability, and low environmental impacts both in production and from the perspective of life cycle assessment (LCA). This is proven by a fact that around 90% of metals used in society is steel.
"Nippon Steel pursues world-leading technologies and manufacturing capabilities, and strives to contribute to society by providing excellent products and services," as stipulated in its statement of corporate values. Moreover, "contributing to the achievement of a sustainable society (i.e., to achievement of SDGs)" is identified as one of main initiatives in Nippon Steel's ongoing 2020 Mid-Term Management Plan.
Source: Nippon Steel, Photo: Fotolia