Furukawa Electric continues to be selected for the “FTSE4Good Index Series,” “FTSE Blossom Japan Index” and the “MSCI Japan Empowering Women Index (WIN)”

Furukawa Electric Co., Ltd. (Head Office: 2-6-4 Otemachi, Chiyoda-ku, Tokyo, President: Keiichi Kobayashi) was selected as a constituent of the “FTSE4Good Index Series” and “FTSE Blossom Japan Index” for the second year running and as a constituent of the “MSCI Japan Empowering Women Index (WIN)" for the third year running.

The Furukawa Electric Group established the Corporate Sustainability Office in 2019 and is promoting “Open, Agile and Innovative” management aimed at medium to long-term improvement in corporate value based on ESG and working on contributions to achievement of the sustainable development goals (SDGs) towards the achievement of the “Furukawa Electric Group Vision 2030.”

Furukawa Electric was recently selected for the second year running as a constituent of the “FTSE4Good Index Series” and the “FTSE Blossom Japan Index,” which are representative stock indices for ESG (environment, social and governance) investment.

Moreover, Furukawa Electric was also selected for the third year running for the “MSCI Japan Empowering Women Index (WIN),” which is composed of Japanese companies that excel in promoting the advancement of women and gender diversity.

Recognizing the risks and opportunities that climate change poses to business as important management issues, we are accelerating initiatives related to “climate change.” In March this year, we formulated the “Furukawa Electric Group Environmental Vision 2050” and are taking on the challenge of achieving carbon neutrality by 2050. In addition, with our efforts to address climate change risks and opportunities regarded highly, Furukawa Electric was selected by CDP, the international environmental NGO, for the first time as a “Climate Change A List” company, their highest evaluation, in December last year.

Furukawa Electric selected for the first time as a CDP “Climate Change A List” company in FY2020

Formulation of the “Furukawa Electric Group Environmental Vision 2050”

In May last year, we launched an internal cross-sectional organization known as the “After Corona “Work style reform” Team” and are promoting various measures aimed at spreading and establishing new work styles. In strengthening the ability of human resources and the organization to get things done, we place emphasis on leadership change and put into practice the “Furukawa Seven,” which clarify the “one important mindset and six principles of action as a leader,” on a daily basis. Due to the relocation to the new Head Office in July this year, each and every employee will be able to realize “new workstyles” and continue to take on the challenge of creating higher value through dialogue in comfortable workplaces, collaboration with diverse people, and the improvement of team capabilities.

In February this year, we released the revised third edition of the “Furukawa Electric Group CSR Procurement Guidelines” on moves towards decarbonization, including supply chains, and initiatives related to the human rights of workers, making reference to the Responsible Business Alliance (RBA) Code of Conduct 7.0 and other standards.

Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Also developed by FTSE Russell, the “FTSE Blossom Japan Index” reflects the performance of Japanese companies that implement outstanding ESG initiatives and is one of the indexes used by the Government Pension Investment Fund (GPIF) to make ESG investments.

FTSE4Good Index Series

FTSE Blossom Japan Index

This is an ESG index created by MSCI that focuses on S (social). It is composed of Japanese companies with outstanding gender diversity and is one of the indices adopted by the Government Pension Investment Fund (GPIF) to make ESG investments.