Ube Industries, Ltd. (President: Masato Izumihara) announced today that the company has been selected as a constituent of the FTSE4Good Index Series and the FTSE Blossom Japan Index, two leading indices for ESG investment.
The FTSE4Good Index Series and the FTSE Blossom Japan Index were developed by FTSE Russell, a subsidiary of London Stock Exchange Group. Based on an evaluation model that is highly consistent with international standards in the fields of Environmental, Social and Governance (ESG), including the United Nations' Sustainable Development Goals (SDGs), companies that have made outstanding efforts in ESG are selected. The FTSE Blossom Japan Index, made up of Japanese companies, has been adopted by the Government Pension Investment Fund (GPIF), the world's largest public pension fund, as a stock index for ESG investment.
Based on its founding spirit and management philosophy, Ube Industries contributes to the sustainability of society through its business activities. In April of this year, we newly formulated the UBE Group Basic Policies for Sustainability, which clarify our basic policies and framework for promoting sustainability management, thereby further strengthening our ESG initiatives.
In April 2022, Ube Industries will change its trade name to UBE Corporation, marking a new step forward as a chemical company. We will continue to create the values required for a sustainable society and achieve sustainable growth as a global company that contributes to global environmental issues, human life and health, and the prosperity of future society.
For more information on the UBE Group's ESG initiatives, please visit the UBE Group website.