TOKYO, Jun 26, 2024 – (JCN Newswire) – – Mitsubishi Motors (OTC:) Corporation (hereinafter, Mitsubishi Motors) has been added to the FTSE4Good Index Series(1) and the Blossom Japan Index(2) for five consecutive years, and to FTSE Blossom Japan Sector Relative Index(2) for three consecutive years in recognition of the company’s environmental, social and governance (ESG) initiatives.
The FTSE4Good Index Series is a globally recognized index that measures companies’ performance in ESG practices and adds leading companies to the index. It is considered one of the important criteria for investors to evaluate a company’s ESG initiatives when deciding to invest.
The FTSE Blossom Japan Index is designed to reflect the performance of Japanese companies that demonstrate strong ESG practices.
In addition, the FTSE Blossom Japan Sector Relative Index, designed for 2022, tracks the performance of Japanese companies that, relative to their sector, show a significant approach to ESG issues. Also, to promote the transition to a decarbonized economy, companies that have a high performance in reducing greenhouse gas emissions are included, where the company’s efforts are measured by the Pathway Initiative (TPI) Transition Management Quality Score (3).
The FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative Index have been selected as one of the ESG investment indices adopted by the Government Pension Investment Fund (GPIF), the world’s largest public pension management and administration organization.
Mitsubishi Motors identifies material issues from various issues in each ESG area, defines initiatives to implement as well as goals and tracks progress in the Sustainability Committee led by the president and executive officers. Mitsubishi Motors will continue its efforts to contribute to building a sustainable society and enhance corporate value while improving communication between top management, employees, and stakeholders.
(1) FTSE4Good Index Series
www.lseg.com/en/ftse-russell/indices/ftse4good
(2) FTSE Blossom Japan Index/FTSE Blossom Japan Sector Relative Index
www.lseg.com/en/ftse-russell/indices/blossom-japan
(3) TPI Management Quality Score
The objective is to assess the company’s progress in the transition to a decarbonized economy in terms of Quality Management and Carbon Performance. The TPI Management Quality Score measures the quality of management of risks and opportunities related to a company’s greenhouse gas emissions and transition to decarbonization.
https://transitionpathwayinitiative.org/
- Access below for other external assessments for Mitsubishi Motors
www.mitsubishi-motors.com/en/sustainability/strategy/evaluation/
About Mitsubishi Motors
Mitsubishi Motors Corporation (TSE: 7211) – a member of the Alliance with Renault (EPA:) and Nissan (OTC:) – are global automobile companies based in Tokyo, Japan, with approximately 28,000 employees and a global footprint with production facilities in Japan and the ASEAN region. Mitsubishi Motors has a competitive edge in SUVs, pickup trucks and plug-in hybrid electric vehicles, and attracts ambitious drivers who are willing to challenge convention and embrace innovation. Since the production of our first vehicle more than a century ago, Mitsubishi Motors has been a leader in electrification – launching the i-MiEV, the world’s first mass electric vehicle in 2009, followed by the Outlander PHEV, the world’s first plug-in. in hybrid electric SUV in 2013. With the target of increasing the ratio of electric vehicle sales to 100% in 2035, Mitsubishi Motors will deliver a model that embodies Mitsubishi Motors-ness and contribute to the realization of a carbon-neutral society.
For more information about Mitsubishi Motors, visit the company’s website at www.mitsubishi-motors.com/en/.
For IR-related inquiries, please visit the contact information below:
Mitsubishi Motors Corp
1-21, Shibaura 3-chome, Minato-ku, Tokyo 108-8410
Phone: 03-3456-1111 (Reception)
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