Award/Winning Japan

Rinnai included in new ESG indexes “FTSE Blossom Japan Index” and “MSCI Japan ESG Select Leaders Index” as benchmarks for ESG investment by GPIF

Rinnai Corporation (headquarters: Nagoya, Aichi Prefecture; president: Hiroyasu Naito), a comprehensive manufacturer of heat-energy appliances that support comfortable lifestyles through heating, has been named to FTSE Blossom Japan Index by FTSE Russell*1 as well as MSCI Japan ESG Select Leaders Index by MSCI*2. Both indexes have been adopted by the Government Pension Investment Fund (GPIF) as benchmarks for ESG—environment, social and governance—investment*3.


FTSE Blossom Japan Index reflects the performance of Japanese companies demonstrating strong ESG practices. It comprises companies that fulfill diverse ESG-related criteria.


MSCI Japan ESG Select Leaders Index comprises companies with an excellent ESG profile relative to industry peers from among the companies in the MSCI Japan IMI Top 500 Index.


Rinnai has been included in FTSE Russell’s FTSE4Good Index Series for 14 consecutive years, since 2004, and has been selected for two consecutive years, since 2016, for the Health & Productivity Stock Selection, a program conducted by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange.


*1 A member of the London Stock Exchange Group and provider of investor-oriented indexes and information for investment decision-making. Measures corporate exposure to, and management of, ESG issues across several dimensions, including corporate governance, health and safety, anti-corruption and climate change, and applies results to construct multiple ESG indexes.
*2 U.S. company listed on the New York Stock Exchange. Provider of investment decision support tools, such as indexes, portfolio analytical tools, data, real estate benchmarks and ESG research investment information.
*3 Announced on July 3, 2017, by Japan’s Government Pension Investment Fund (GPIF). Selected three environmental, social and governance indexes—FTSE Blossom Japan Index, MSCI Japan ESG Select Leaders Index and the MSCI Japan Empowering Women Index—as benchmarks and began passive domestic equity investment based on these indexes.


Since its earliest days, Rinnai has adhered to a corporate spirit highlighting “heat and lifestyles,” “quality” and “contributing to local communities,” and going forward, the Corporation will continue to contribute to the realization of a sustainable society while improving long-term corporate value by providing solutions to social issues through business activities and an emphasis on CSR activities.


Note: The information contained herein is valid as of the date of release. Please be aware that certain details may change or be made irrelevant by circumstances that emerge at a later date.