External Assessments
Ratings and Evaluations
The DIC Group has received recognition from various ESG rating organizations, including through inclusion in indices adopted by the Government Pension Investment Fund (GPIF), one of the world’s largest pension funds (as of December 2025).
Index/Rating |
Description |
DIC Group Evaluation/Status |
|
|---|---|---|---|
MSCI Nihonkabu ESG Select Leaders Index*1 |
  |
ESG index adopted by the Government Pension Investment Fund (GPIF), developed by MSCI Inc., selecting top ESG-performing Japanese companies (approx. top 50% per GICS sector) | Selected as a constituent for nine consecutive years since 2017, including continued selection under the predecessor MSCI Japan ESG Select Leaders Index |
MSCI Japan Empowering Women Index (WIN)*1 |
  |
ESG index adopted by GPIF that targets Japanese equities and comprises companies demonstrating strong performance in gender diversity within each industry of the parent index | Selected as a constituent of the MSCI Japan Empowering Women Index (WIN) following the November 2025 index review |
| FTSE4Good Index Series*2 |  |
Developed by FTSE Russell to measure the performance of companies with strong ESG practices | Selected as a constituent for eight consecutive years since 2018 |
| FTSE JPX Blossom Japan Index*3 |  |
ESG index adopted by GPIF, measuring Japanese companies with strong ESG performance | Selected as a constituent for eight consecutive years since 2018 |
| FTSE JPX Blossom Japan Sector Relative Index*4 |  |
ESG index adopted by GPIF, selecting companies with relatively strong ESG performance within each sector | Selected as a constituent for eight consecutive years since 2022 |
| S&P/JPX Carbon Efficient Index*5 |   |
ESG index adopted by GPIF, assessing companies based on environmental disclosure and carbon efficiency (emissions per revenue) | Rated “2,” the second-highest tier out of 10 levels |
| Morningstar Japan ex-REIT Gender Diversity Tilt Index*6 |
 |
ESG index adopted by GPIF, investing in companies with strong gender diversity practices and equal opportunity frameworks | Rated “Group 1” (highest of five levels) as of December 2025 |
| CDP (formerly Carbon Disclosure Project) |   |
International non-profit organization assessing companies on environmental performance, including climate change and water security | Rated “B” for both Climate Change and Water Security (2025) Rated “A” for Supplier Engagement (2025) |
| DX Certification |  |
METI certification for companies demonstrating readiness for digital transformation in line with the Digital Governance Code | First certified in 2022; valid through September 2026 following renewal |
| IR Website Evaluations (Japan – Three Major Organizations) |       |
Recognized for excellence in IR website quality, including usability, balanced financial and non-financial disclosure, and enhanced sustainability content | Received top-tier recognition from three major organizations:
|
| EcoVadis |   |
A globally recognized platform for sustainability assessment that enables companies to gain objective, reliable insights into sustainability performance through expert analyst evaluations grounded in documented evidence | DIC Group scored an EcoVadis rating of 64, achieving a bronze medal Sun Chemical scored an EcoVadis rating of 73, achieving a silver medal |
| CyberVadis |  |
CyberVadis brings together globally recognized best practices, expert knowledge, and leading international cybersecurity frameworks to offer uniform, standardized evaluations | Sun Chemical received an CyberVadis MATURE rating with a score of 876 out of 1000 |
- DIC Corporation is a constituent of the MSCI Nihonkabu ESG Select Leaders Index and the MSCI Japan Empowering Women Index (WIN).
These indexes are designed to recognize companies demonstrating strong performance in environmental, social and governance (ESG) practices and gender diversity initiatives.
The inclusion of DIC 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 DIC 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. - FTSE Russell confirms that DIC Corporation has been independently assessed according to the FTSE4Good criteria and has satisfied the requirements to become a constituent of the FTSE4Good Index Series.
Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.
Inclusion in the FTSE4Good Index Series does not constitute an endorsement, sponsorship or promotion of DIC Corporation, its products or services by FTSE Russell. - FTSE Russell confirms that DIC Corporation has been independently assessed according to the index criteria and has satisfied the requirements to become a constituent of the FTSE JPX Blossom Japan Index.
Created by the global index and data provider FTSE Russell, the FTSE JPX Blossom Japan Index is designed to measure the performance of companies demonstrating specific Environmental, Social and Governance (ESG) practices. The FTSE JPX Blossom Japan Index is used by a wide variety of market participants to create and assess responsible investment funds and other products. - FTSE Russell confirms that DIC Corporation has been independently assessed according to the index criteria and has satisfied the requirements to become a constituent of the FTSE JPX Blossom Japan Sector Relative Index.
The FTSE JPX Blossom Japan Sector Relative Index is used by a wide variety of market participants to create and assess responsible investment funds and other products. The index is designed as a sector-neutral benchmark that reflects the performance of Japanese companies demonstrating specific Environmental, Social and Governance (ESG) practices. - DIC Corporation is a constituent of the S&P/JPX Carbon Efficient Index.
The S&P/JPX Carbon Efficient Index is designed to measure the performance of companies in the TOPIX universe, while adjusting constituent weights based on the level of environmental information disclosure and carbon efficiency. - Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, “Morningstar”) has authorized DIC Corporation to use the Morningstar Japan ex-REIT Gender Diversity Tilt Logo (“Logo”) to reflect the fact that, for the designated ranking year, DIC 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 DIC Corporation solely for informational purposes. DIC Corporation’s use of the Logo should not be construed as an endorsement by Morningstar of DIC Corporation or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with DIC 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 disclaims 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 of 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 service marks of Morningstar, Inc.
Past performance is no guarantee of future results.
