April 4, 2022
Company:Nippon Paint Holdings Co., Ltd.Representative:Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
Wee Siew Kim
Director, Representative Executive Officer & Co-President
(Code No.: 4612; TSE Prime Market)Contact:Ryosuke Tanaka
General Manager of Investor Relations and Sustainability
(TEL +81-50-3131-7419)
Nippon Paint Holdings Selected as a Constituent of FTSE Blossom Japan Sector Relative Index
Nippon Paint Holdings Co., Ltd. (NPHD) has been selected as a constituent stock of the FTSE Blossom Japan Sector Relative Index.
The FTSE Blossom Japan Sector Relative Index, developed by Global Index Provider FTSE Russel, is designed to measure the performance of Japanese companies that have relatively strong Environmental, Social, and Governance (ESG) practices in individual industries or sectors. This index is constructed so that industry or sector weights align with the Japanese equity market. In addition, this index supports the transition to a low carbon economy by selecting companies with high GHG emissions as constituent stocks only if they have achieved a reduction in GHG emissions based on the TPI Management Quality Score.
The FTSE Blossom Japan Sector Relative Index is used by Japan's Government Pension Investment Fund (GPIF) as a benchmark for passive ESG investment management.
NPHD will continue to take many actions involving materiality related to sustainability that is identified from a global perspective based on a structure that strengthens the link between sustainability initiatives and business operations.
https://www.ftserussell.com/products/indices/blossom-japan
FTSE Russel (the trading name of FTSE International Limited and Frank Russel Company) confirms that Nippon Paint Holdings Co., Ltd. has satisfied the requirements to become a constituent of the FTSE Blossom Japan Sector Relative Index based on a third-party assessment. The FTSE Blossom Japan Sector Relative Index is used by a broad range of market participants to create and assess environmentally responsible investment funds and other products.
Nippon Paint Holdings Co. Ltd. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 04:23:00 UTC.
Nippon Paint Holdings Co Ltd is a company mainly engaged in the manufacture and sale of coating materials and fine chemicals products. The Company is involved in the manufacture and sale of paint for automobile-, general- and industrial-uses, as well as fine chemicals. The Company operates in four business segments. The Japan segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business. The Asia segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business in China Singapore, Malaysia, Thailand, Korea, Southeast Asian countries, India. The Oceania segment conducts paint business, such as paint for general-, industrial-uses, and paints peripheral businesses. The Americas segment conducts paint for automobile business and contruction coating materials business.