DIC Is Selected for Inclusion in the SNAM Sustainability Index for the Fourth Consecutive Year -The DIC Group’s ESG initiatives earn high marks-
- News Release
Tokyo, Japan–DIC Corporation announced today that it has been selected for inclusion in the SNAM Sustainability Index, which is managed by Sompo Japan Nipponkoa Asset Management Co., Ltd. (SNAM), for the fourth consecutive year. The SNAM Sustainability Index is an investment index utilized by the SNAM Sustainable Investment Fund.
The SNAM Sustainable Investment Fund, launched by SNAM in August 2012, is a socially responsible investment product for pension trusts and institutional investors that invests in a wide range of companies rated highly for their environmental, social and governance (ESG) performance. Unlike ordinary active funds—investment decisions for which depend on the judgment of fund managers—the SNAM Sustainable Investment Fund employs a buy-and-hold strategy and determines weightings based on the SNAM Sustainability Index, a proprietary active index, the constituents of which are selected with an emphasis on ESG evaluations by two separate research organizations.* By providing insights into management quality and hidden risks not discernable from financial statements, and by assessing corporate value from a long-term perspective, the index seeks to contribute to ethical wealth accumulation for long-term investors. Companies are reviewed annually for inclusion. Reflecting the solid marks given to its ESG performance, DIC has been selected for inclusion in the index for four consecutive years.
Guided by its new medium-term management plan, DIC111, DIC is working to provide both social value, which contributes to sustainability and markets, and economic value, which underpins corporate growth, ensuring it remains a unique global company that is trusted by society. Underscoring the priority it places on ESG initiatives, in May 2019 DIC declared its support for the recommendations of the Task Force on Climate-related Disclosures (TFCD).† In line with its commitment to helping realize a sustainable society, the DIC Group will continue to strengthen its ESG initiatives while working to ensure an accurate grasp of related social imperatives with the goal of delivering the value that it stakeholders—including its customers, business partners, local communities, shareholders, investors and employees—expect.
* Evaluations are by Sompo Risk Management Inc. based on responses to its Buna no Mori (Beech Forest) Environment Questionnaire, and by IntegreX Inc. based on responses to its IntegreX surveys.
† The TCFD, which was established in 2015 by the Financial Stability Board (FSB), has developed recommendations to assist corporate efforts to disclose information on climate-related risks and opportunities.
Information on DIC’s sustainability initiatives
DIC Declares Its Support for the Recommendations of the TCFD and Joins the TCFD Consortium(June 3, 2019)
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