The CSR that Nidec Aims to Achieve
Evaluation by Society
Status of incorporating the ESG index into asset management
Nidec Corp announces it has been included in the FTSE4Good Index Series and the FTSE Blossom Japan Index.
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. FTSE4Good Index Series is designed to measure the performance of the world’s major companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE Blossom Japan Index, which is designed as an industry neutral benchmark that reflects the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices in Japan, is selected as a target of ESG investment by the Government Pension Investment Fund (GPIF).
Nidec stock selected for the MSCI Japan Empowering Women (WIN)
Since 2017, Nidec has been part of the “MSCI Japan Empowering Women (WIN)” index, which includes companies selected out of top 500 brands in market capitalization ranking (the MSCI Japan IMI Top 500 Index) based on their gender-related diversity (promotion of women’s active participation in the workforce) in individual industries. WIN is part of the ESG investment by the Government Pension Investment Fund (GPIF) as well.
Awards and commendations
Nidec receives three-star “eruboshi” status
Nidec is accredited with a three-star (“eruboshi”) status based on Japan’s Act on Promotion of Women’s Participation and Advancement in the Workplace. This three-level system ranks companies based on five criteria of assessment, i.e., (i) staffing; (ii) continued employment; (iii) how to work during work hours, etc.; (iv) management-to-workforce ratio; and (v) diversity of career courses. After setting a target ratio of female managers in the company’s workforce in the CSR Vision 2020, and meeting all the other conditions, Nidec acquired a two-star “eruboshi” status in September 2017, and obtained the highest, three-star status in August 2018, after increasing its female managers’ ratio in the company’s workforce.
Nidec Selected as a “Nadeshiko” Brand
In FY2018, Nidec was selected by Japan’s Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) as a “Nadeshiko” brand for the fiscal year as part of the two organizations’ effort to introduce publicly traded companies that excel in promoting women’s advancement to investors who place importance on “mid- and long-term increase in corporate values.” In this branding that started in FY2012, the METI and the TSE jointly select and announce public companies that are excellent at promoting women’s advancement by introducing those companies to investors as attractive brands, aiming to promote investment in companies and expedite their business activities. In FY2018, 42 companies were selected out of the entire group of approximately 3,600 listed companies as “Nadeshiko” brands (The electric machinery and equipment industry saw Nidec and three other companies selected as Nadeshiko-brand companies).
Nidec stock selected as an ESG-themed brand of the Tokyo Stock Exchange
In the first “ESG brands” selection in 2012 at the Tokyo Stock Exchange, which identifies themed brands for individual investors based on specific themes and indexes, Nidec was selected as a “company that contributes to society with its globally accepted products and technologies to secure stable employment and sustainable growth, while, via the development and supply of its highly environmentally friendly motors, attempting to reduce environmental burden and hire and train employees to become active globally.”