ITOCHU : Announces It Has Earned an MSCI ESG Rating of AAA
December 28, 2020 at 03:47 am EST
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As of December 2020, ITOCHU Corporation received an MSCI ESG Rating of AAA.
MSCI ESG ratings analyze the degree to which a company is managing its environmental, social and governance (ESG) risks and grade it on a 7-point scale from the highest AAA rating to the lowest CCC rating. MSCI ESG ratings have established a strong reputation for their well founded scoring. On this occasion, ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter 'ITOCHU') has been highly recognized for its industry-leading food safety management system and governance initiatives in particular, and earned the prestigious AAA rating, the highest possible score, as a result.
The ITOCHU Group, which conducts business globally, regards action on the global environment and social issues as the most important elements of its management policy. Based on our founding spirit of 'sampo yoshi,' we are working to create a sustainable society.
■MSCI is a US-based financial services provider headquartered in New York. The company provides a range of tools that support investment decision making to institutional investors around the world, including as large public pension funds such GPIF, as well as asset management firms and hedge funds.
*THE USE BY ITOCHU Corporation OFANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES ('MSCI') DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF ITOCHU Corporation BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED 'AS-IS' AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.
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Itochu Corporation published this content on 25 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2020 08:46:04 UTC
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).