External Evaluation

Ushio has been selected for inclusion in all four ESG indices that are used by the Government Pension Investment Fund of Japan, the world's largest pension fund. These indices are the MSCI Japan ESG Select Leaders Index, the MSCI Japan Empowering Women Index (WIN), the FTSE Blossom Japan Index and the S&P/JPX Carbon Efficient Index. The contribution of ESG investments to increasing risk-adjusted returns is believed to increase as the holding period of investments become longer. Ushio’s inclusion in these indices demonstrates the widespread recognition of its commitment to the environment, society, and governance.

Inclusion in ESG Management Indices

 

Ushio has been selected for 18 consecutive years for inclusion in the FTSE-Russell FTSE4Good Index Series of socially
responsible companies worldwide. Furthermore, for five consecutive years, Ushio has been part of the FTSE Blossom Japan
Index of Japanese companies with outstanding ESG programs.
Note: FTSE Russel (a registered trademark of FTSE International Limited and Frank Russell Company) has certified that Ushio meets the requirements of the FTSE Blossom Japan Index based on a third-party assessment. Produced by the global index firm FTSE Russell, this index is designed to measure the performance of Japanese companies with outstanding ESG programs. The index is used as a benchmark for the establishment and evaluation of investment funds and other financial products focused on sustainable investment.




The MSCI Japan ESG Select Leaders Index consists of companies with strong commitments to ESG that is based on the MSCI Japan IMI Top 700 Index. The MSCI Japan Empowering Women Index (WIN) consists of companies in this top 700 index that have excellent gender diversity within their respective industries in accordance with a gender diversity score newly developed by MSCI. Ushio has been selected for the WIN for five consecutive years.
Note: The inclusion of Ushio in an MSCI index and the use by Ushio of the MSCI logo, trademark, and service marks do not imply that MSCI or its affiliated companies are supporting Ushio or its advertising and sales activities. MSCI has exclusive rights to the MSCI indices and the MSCI name, MSCI indices and their logos are trademarks and service marks of MSCI and its affiliated companies and other financial products focused on sustainable investment.





S&P/JPX Carbon Efficient Index is designed to measure the performance of companies in TOPIX, an index calculated and provided by the Tokyo Stock Exchange. Ushio is included in this global environmental stock index that evaluates carbon emissions in relation to each company’s sales.







Ushio has been selected for inclusion in the 2021 SNAM Sustainability Index, which was created by Sompo Japan Nipponkoa Asset Management Co., Ltd. The SNAM Sustainability Index is used for SNAM Sustainable Investments, an asset management product for pension funds and institutional investors that targets about 300 companies with superior ESG performance. Ushio has been included in this index for 10 consecutive years beginning in 2012.








Ushio was included in the Wall street Journal’s list of “The 100 Most Sustainably Managed Companies in the World” (ranked 56), which was announced on October 14, 2020.

Ushio was included in the “Change the World List” of the U.S. business magazine FORTUNE.
Every year, FORTUNE magazine ranks global corporations that have an important social and environmental impact. Ushio’s inclusion in list for 2020 was due to the high evaluation of Care222, Ushio’s 222nm UV virus inactivation and disinfection technology that can be installed and used as-is within environments occupied by people, such as schools and commercial facilities.