Selected for the first time to be a constituent of the MSCI Japan ESG Select Leaders Index
Tokyo, March 3, 2022 – Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that the company has been selected for the first time to be a constituent of the MSCI Japan ESG Select Leaders Index, one of the major ESG (Environment, Society and Governance) investment indices used by the Government Pension Investment Fund (GPIF), the world's largest public pension fund.
Hitachi was also selected to be a constituent of the FTSE Blossom Japan Index and the S&P/JPX Carbon Efficient Index, which are other ESG investment indices adopted by the GPIF*.
The constituents of the MSCI Japan ESG Select Leaders Index are companies that are selected from among the top 700 companies in terms of Japanese stock market capitalization for their high ESG-related evaluations in their respective industries. 222 companies have been selected as of the end of December 2021.
Since its establishment, based on the corporate mission of contributing to society through the development of superior, original technology and products, Hitachi has been growing continuously together with the development of society. According to the 2021 Mid-term Management Plan, Hitachi seeks to provide solutions for the realization of a sustainable world, with a focus on the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security and Safety.
In addition, it has been conducting business to achieve milestones set by its management strategy toward the achievement of Hitachi Environmental Innovation 2050, its long-term environmental goal. With a view toward the creation of a decarbonized society, Hitachi has been working specifically to achieve the carbon neutrality of its business sites (factories and offices) by FY2030 and its entire value chain on a Group-wide basis by FY2050.
Hitachi will solve various issues including ESG issues faced by our customers and society and contribute to the realization of a sustainable society where people live happily in prosperity through the Social Innovation Business which enables social infrastructure innovation leveraging data and technology.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.
