Tokyo, July 23, 2019 - SATO, a global pioneer in the development of auto-ID and labeling solutions has been selected for inclusion in the SNAM Sustainability Index, designed by Sompo Japan Nipponkoa Asset Management Co., Ltd. (SNAM). It is the first time for SATO Holdings Corporation to be selected for the index, which is utilized for the SNAM Sustainable Investment Fund.
The SNAM Sustainable Investment Fund is an investment product for pension funds and institutional investors who invest in a wide range of companies that are rated highly for their environmental, social and governance (ESG) practices. It was launched in August 2012 and comprises approximately 300 companies.
The SNAM Sustainability Index aims to support long-term investors for asset building through evaluation of corporate value, such as quality of corporate management or potential risks from a long-term perspective which are not found in financial statements. The index is currently used by multiple pension funds and institutional investors.
As a public entity, SATO has long sought to provide innovative products and services since its founding in 1940, to contribute to customer value creation to address societal issues through its core business by offering optimized solutions to provide accuracy, labor and resource savings.
In today's rapidly changing world, SATO aims to deliver value-added solutions for customers' challenges through its core business of auto-ID solutions to address labor shortages, boost productivity, and ensure safety and peace of mind for food and healthcare customers under its mission of contributing to a better and more sustainable world.
SATO (TOKYO:6287) is a global auto-ID solutions provider for leading manufacturing, logistics, retail, food & beverage, health care companies. With a bottom-up understanding of on-site use applications, SATO tags items with identifiers to improve supply chain flows of tomorrow by solving managerial and operational challenges of today. An industry pioneer with 79 years of expertise and a 5,000+ strong global workforce in 27 countries, SATO engineers solutions to streamline operations, boost accuracy, support sustainability initiatives, provide assurance and emotional connections, extending value all the way to the consumer. For the fiscal year ending March 31, 2019, it reported revenues of JPY 116,179 million (USD 1.05 billion*). More information about SATO can be found at www.satoworldwide.com, linkedin and twitter.
*Conversion is based on an average exchange rate of 1 US Dollar = 110.92 Japanese Yen
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