Participation in Global & Regional Initiatives and External Evaluation
Participation in Global & Regional Initiatives
United Nations Global Compact
In October 2022, Toyo Seikan Group Holdings officially joined the United Nations Global Compact (UNGC), a global corporate sustainability initiative. Toward the creation of a sustainable society, we will conduct responsible business activities by incorporating the UNGC’s ten principles into our strategies and continue to work on achieving the Sustainable Development Goals.
Task Force on Climate-Related Financial Disclosures (TCFD)
Toyo Seikan Group Holdings has expressed its support for the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) to promote the disclosure of climate-related information according to the TCFD's framework. The task force, chaired by Michael R. Bloomberg, was established by the Financial Stability Board (FSB) at the request of the Group of Twenty (G20) to discuss effective disclosure of climate-related information and how the financial sector should address the issue. In June 2017, the TCFD published its final report recommending that companies and organizations disclose climate-related risks and opportunities and their impact on operations.
Ellen MacArthur Foundation
Toyo Seikan Group Holdings has joined the international network of the Ellen MacArthur Foundation, a UK-based charity, to gain knowledge about the circular economy and opportunities to collaborate with external partners. We are the fourth Japanese company and the first packaging manufacturer to join the network. The foundation was established in 2010 to accelerate the global transition to a circular economy through cooperation among industry, academia and government. Participating in its workshops and collaborative projects with other member companies, we as a comprehensive packaging manufacturer will seek to find ways to contribute to the transition to a circular economy. We are going to offer packaging products and solutions that are suited to the circumstances of individual countries and regions, taking advantage of our expertise in a wide range of materials.
Clean Ocean Materials Alliance (CLOMA)
The Clean Ocean Material Alliance (CLOMA) is a cross-industry platform to accelerate innovations to address marine plastic pollution, an emerging global challenge. It aims to promote more sustainable use of plastic products and the development and introduction of alternative materials. Toyo Seikan Group Holdings has joined the alliance as a managing partner since the preparation phase and has been working as a key member of a subcommittee of CLOMA to share information and enhance the network with partners from across industries.
External Evaluation (Sustainability Indexes)
FTSE Russel ESG Indexes
FTSE4Good Index Series
FTSE Blossom Japan Index(1)
FTSE Blossom Japan Sector Relative Index(1)
The FTSE4Good Index Series, created by FTSE Russell, is designed to measure the performance of companies demonstrating strong environmental, social and corporate governance (ESG) practices.
The FTSE Blossom Japan Index is designed as an industry neutral benchmark that reflects the performance of Japanese companies demonstrating strong ESG practices, using the ESG rating method of FTSE4Good Japan Index.
The FTSE Blossom Japan Sector Relative Index is designed as a sector neutral benchmark that reflects the performance of Japanese companies demonstrating relatively strong ESG practices in individual sectors. For companies with high GHG emissions, the index uses the management quality scores of the Transition Pathway Initiative (TPI) to include only companies whose efforts to reduce GHG emissions are highly evaluated, in order to facilitate the transition to a low-carbon economy.
MSCI Japan Empowering Women Index(1)(2)
WIN is a stock index developed by US index provider MSCI as a benchmark for ESG investment. It selects constituents by using gender diversity data based on Japan?s women empowerment act and other information disclosed by companies.
S&P/JPX Carbon Efficient Index(1)
The S&P/JPX Carbon Efficient Index represents the performance of companies making up the Tokyo Stock Price Index (TOPIX) and determines the weights of the constituents based on the status of their environmental information disclosure and carbon efficiency (carbon emissions per unit of revenue).
- 1.The FTSE Blossom Japan Index, the FTSE Blossom Japan Sector Relative Index, the MSCI Japan Empowering Women Index (WIN), and the S&P/JPX Carbon Efficient Index have been adopted by Japan?s Government Pension Investment Fund (GPIF) as benchmarks for ESG passive funds.
- 2.The inclusion of Toyo Seikan Group Holdings (the “Company”) in any MSCI Index, and the use of MSCI logos, trademarks, service marks or Index names herein, do not constitute a sponsorship, endorsement or promotion of the Company by MSCI or any of its affiliates. The MSCI Indexes are the exclusive property of MSCI. MSCI and the MSCI Index names and logos are trademarks or service marks of MSCI or its affiliates.
External Evaluation (Certification)
2023 Outstanding Enterprises in Health and Productivity Management (large enterprise)
Toyo Seikan Group Holdings / Toyo Seikan / Toyo Kohan / Tokan Kogyo / Nippon Closures / Toyo Glass / Mebius Packaging / Toyo Aerosol Industry / Nippon Tokan Package
2023 Outstanding Enterprises in Health and Productivity Management (mid-to-small enterprise)
TOMATEC / Nippon National Seikan / Ryukyu Seikan Kaisha / Tokan Takayama