Tokyo – LIXIL Corporation (“LIXIL”, TSE Code: 5938), maker of pioneering water and housing products, has once again been included in all ESG (Environmental, Social, and Governance) indices adopted by the Government Pension Investment Fund (GPIF) of Japan.
As of July 2024, the GPIF adopts the following six ESG indices:
FTSE Blossom Japan Index¹
Created by FTSE Russell, a global index and data provider, the FTSE Blossom Japan Index Series incorporates Japanese companies that demonstrate strong performance in ESG (Environmental, Social, and Governance) practices. LIXIL has been selected in the index for eight consecutive years.
FTSE Blossom Japan Sector Relative Index¹
A newly established index designed by FTSE Russell to promote ESG sector initiatives and the transition to a low-carbon society among Japanese companies. LIXIL has been selected in the index for three consecutive years since the launch of this index in 2022.
MSCI Nihonkabu ESG Select Leaders Index²
The MSCI Nihonkabu ESG Select Leaders Index, developed by the US firm MSCI Inc., was newly adopted as a GPIF benchmark index in 2024. It uses the MSCI Nihonkabu Investable Market Index as its base and it primarily includes companies with superior ESG ratings. LIXIL has been selected in the index since the launch of this index in 2024.
MSCI Empowering Women Index (WIN)²
MSCI Empowering Women Index highlights companies that are better positioned to withstand talent shortages and generate more sustainable performance with reduced risk through promoting and maintaining higher gender diversity in the workforce. LIXIL has been selected in the index for eight consecutive years.
S&P/JPX Carbon Efficient Index
The S&P/JPX Carbon Efficient, jointly developed by S&P Dow Jones Indices and Japan Exchange Group, is designed to measure the performance of companies in the Tokyo Stock Price Index (TOPIX), while overweighting or underweighting those companies that have lower or higher levels of carbon emissions per unit of revenue. LIXIL has been selected in the index for seven consecutive years.
Morningstar® Japan ex-REIT Gender Diversity Tilt IndexSM3
The Morningstar® Japan ex-REIT Gender Diversity Tilt IndexSM is designed to emphasize companies in the Japanese market that have strong gender diversity policies embedded in their corporate culture and that ensure equal opportunities to employees, irrespective of their gender. GPIF has been adopting this index since 2023. LIXIL has been selected as a constituent of the highest quintile of Group 1 among five groups according to scores for two consecutive years.
In addition to being included in the ESG indices adopted by GPIF, LIXIL has been selected for five consecutive years in the Dow Jones Sustainability World Index⁴, for seven consecutive years in the Dow Jones Sustainability Asia Pacific Index⁴, and for eight consecutive years in the FTSE4Good Index Series⁵. LIXIL has also obtained the highest "AAA" rating in the MSCI ESG Rating (as of February 2024) for two consecutive years.
External Evaluations & Awards：
https://www.lixil.com/en/about/evaluation.html
Disclaimer：
1 https://www.lseg.com/en/ftse-russell/indices/blossom-japan
2 THE INCLUSION OF LIXIL CORPORATION IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF LIXIL CORPORATION BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.
3 Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, “Morningstar”) has authorized LIXIL Corporation to use of the Morningstar Japan ex-REIT Gender Diversity Tilt Logo (“Logo”) to reflect the fact that, for the designated ranking year, LIXIL Corporation ranks in the top quintile of companies comprising the Morningstar® Japan ex-REIT Gender Diversity Tilt IndexSM (“Index”) on the issue of gender diversity in the workplace. Morningstar is making the Logo available for use by LIXIL Corporation solely for informational purposes. LIXIL Corporation use of the Logo should not be construed as an endorsement by Morningstar of LIXIL Corporation or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with LIXIL Corporation. The Index is designed to reflect gender diversity in the workplace in Japan, but Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included in it. Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included in it or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third party content providers have any liability for any damages (whether direct or indirect), arising from any party’s use or reliance on the Index or the Logo, even if Morningstar is notified of the possibility of such damages. The Morningstar name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results.
4 https://newsroom.lixil.com/20231214_djsi
5 https://www.lseg.com/en/ftse-russell/indices/ftse4good