What We Pursue
External Rating on Nidec
Status of incorporating the ESG index into asset management
Nidec Corp announces it has been included in the FTSE4Good Index Series, the FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative 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). In addition, our company has been included in the FTSE Blossom Japan Sector Relative Index, which the GPIF newly adopted in March 2022 as an ESG general index of Japanese domestic stocks.
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 700 brands in market capitalization ranking (the MSCI Japan IMI Top 700 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.
Nidec is Adopted by the Morningstar Japan ex-REIT Gender Diversity Tilt Index
Since 2023, Nidec is part of the Morningstar Japan ex-REIT Gender Diversity Tilt Index, an index focused on companies where a gender diversity policy is widespread as a corporate culture, and companies that guarantee equal opportunities to their employees regardless of their genders. This index is selected for 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 is selected as a Nadeshiko brand and a semi-Nadeshiko company
Nidec Corporation was selected to be a “Nadeshiko Brand” for the first time in the fiscal year of 2018 (FY2018), a “Semi-Nadeshiko Brand” in FY2020, and re-selected as a “Nadeshiko Brand” in FY2021 by Japan’s Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE). Since FY2012, the METI and the TSE have jointly selected and announced listed companies that excel in promoting women's advancement as "Nadeshiko Brands". To accelerate “Nadeshiko Brand” companies’ effort to empower women, the METI and the TSE urge investors who place importance on “mid- and long- term enhancement in corporate value” to invest in “Nadeshiko Brands” by introducing them as attractive brands. 42 companies were selected out of the entire group of approximately 3,600 listed companies as “Nadeshiko” brands (including 4 companies in the electrical equipment industry) in FY2018, and 50 out of approximately 3,600 listed companies (including 3 in the electrical equipment industry) in FY2021. In addition, regardless of their industry, companies that scored high in the overall ranking are selected as “semi-Nadeshiko” companies, which are equivalent to Nadeshiko-brand companies. FY2020 saw 19 companies, including Nidec, selected as such.
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.”