April 8, 2022
Fujitsu General Limited
Fujitsu General Is Selected as Component Stock of ESG Index "FTSE Blossom Japan Sector Relative Index”
Fujitsu General has been selected as a component stock of the FTSE Blossom Japan Sector Relative Index, an index for Japanese companies that are proactively addressing the issues of Environmental Social Governance (ESG). The index is calculated by FTSE Russell of the UK and rates companies in each industry that perform relatively well in their ESG responses.*1 The Index also assesses the efforts of companies to tackle climate change in order to facilitate the transition to a low-carbon economy. Furthermore, the index has been newly adopted by the Government Pension Investment Fund (GPIF) as a benchmark for its ESG passive management.
The Fujitsu General Group places business expansion through contributions to the realization of a sustainable society at the core of its growth strategy, and is promoting "Sustainable Management" based on the three pillars of "harmonious coexistence with our planet," "social contribution," and "care for employees."
As part of its efforts to address climate change, the Group began converting electricity used in its business activities to 100% renewable energy*2 in April 2022, and has completely eliminated greenhouse gas emissions produced by electricity use at all of its sites*3 worldwide. Furthermore, this spring, the Group has set a new target of "reaching carbon neutrality by 2025," five years ahead of its original plan, and is making steady progress toward achieving this goal.
The Group will also contribute to the SDGs (1) by promoting the replacement of fossil fuel appliances with heat pumps, devices that are highly effective in reducing greenhouse gas emissions, (2) by developing devices with high energy-saving performance to realize a low-carbon society, and (3) by creating a safe and secure society through its firefighting and disaster prevention businesses.
In order to create a future in which customers and their children can lead happy and safe lives in a prosperous society, Fujitsu General will continue to promote sustainable management, while at the same time putting its corporate philosophy of "Living together for our future" into practice and implementing its growth strategies.
FTSE Russell (a registered trademark of FTSE International Limited and Frank Russell Company) hereby announces that Fujitsu General Ltd. has, as a result of evaluation by a third party, fulfilled the requirements to be part of the FTSE Blossom Japan Sector Relative Index and has become a component stock of this index. The FTSE Blossom Japan Sector Relative Index is widely used to create and evaluate sustainable investment funds and other financial products.
- Japanese companies in the top 50% of each sector with an ESG rating of 2.0 or higher are selected.
- Renewable energy ratio 100%
- Excluding some rental properties