December 24, 2024 (press release) –
https://sfc.jp/english/news/pdf/20241224_01.pdf December 24, 2024 For Immediate Release Sumitomo Forestry Co., Ltd. Global ESG Investment Equity Index Sumitomo Forestry named to the Dow Jones Sustainability World Index Top score in the homebuilding industry for the fourth consecutive year Sumitomo Forestry Co., Ltd. (President and Representative Director: Toshiro Mitsuyoshi; headquarters: Tokyo; hereinafter, Sumitomo Forestry) is pleased to announce that it is named to the Dow Jones Sustainability World Index (DJSI World), a globally renowned ESG investment equity index. In this index, Sumitomo Forestry secured the top score in the homebuilding industry (among 22 eligible companies) for the fourth consecutive year. Sumitomo Forestry is also included in the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific Index), an index comprised of Asia Pacific companies. This is the seventeenth time Sumitomo Forestry has been included in the Dow Jones Sustainability Indices (DJSI)*1 series since it was first selected in 2005. Launched in 1999, the DJSI series are sustainability-related equity indices announced yearly by the US company S&P Dow Jones Indices. Companies are evaluated and analyzed on their sustainability practices in economic, environmental, and social criteria and those that demonstrate superior performance are selected for inclusion. S&P Global tracks the performance of the world’s top 3,500 companies in terms of market capitalization, and selects the top 10% (321 companies, of which 37 companies are Japanese) in each industry for the inclusion in the DJSI World using their Corporate Sustainability Assessment. We are highly regarded in particular for ESG-related information disclosure transparency, supply chain management, biodiversity initiatives, energy efficiency approach for buildings and commitment to human rights. In addition to the DJSI series, Sumitomo Forestry has been selected for ESG indices adopted by Japan’s Government Pension Investment Fund, the world’s largest pension fund. These indices include the FTSE Blossom Japan Index*2, FTSE Blossom Japan Sector Relative Index*3, MSCI Japan Empowering Women Index (WIN)*4 and others. Sumitomo Forestry has also been selected for a number of other indices like FTSE Russell’s FTSE4 Good Index Series*5. Sumitomo Forestry Group formulated Mission TREEING 2030, our long-term vision with the same 2030 target year as the SDGs. In this long-term vision, we specified nine material issues from three perspectives: providing value for our planet, providing value for people and society, and providing value for the market economy. In our medium-term management plan Mission TREEING 2030 Phase 1 (2022~2024), we specified the further integration of business and ESG as one of our basic policies and created our Mid-Term Sustainability Targets 2024, which incorporate sustainability strategies and initiatives to address material issues. By achieving targets set out for each of our material issues, we hope to fulfill society’s expectations in our SDGs and other areas to enhance corporate value.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistribute or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
The world and your industry are changing too fast. You need to know what's happening, and our Legislation Monitor can help. It's a critical resource for anyone who wants to stay ahead of regulatory and legal challenges. Then, discover the other ways that Industry Intelligence Inc. can help your business.
This website uses cookies to enhance your browsing experience, analyze site performance, and deliver personalized content. We use a minimal cookie to remember your preferences. For detailed information about our cookie usage, please review our Privacy Policy.