Foster Electric Co., Ltd. Selected as a Constituent of the "FTSE Blossom Japan Index"

Foster Electric Co., Ltd. has for the first time been selected as a constituent of "FTSE Blossom Japan Index" by FTSE Russell, a global index provider, for its outstanding practices in meeting various evaluation criteria in E (Environment), S (Social) and G (Governance).

The ESG index provides a performance benchmark and tool for the creation of index-tracking investments, financial instruments or fund products focused on sustainable investment.

"The FTSE Blossom Japan Index" has been adopted as an ESG index by the Government Pension Investment Fund (GPIF), which manages Japan's public pension funds. Foster Electric Co., Ltd. is also selected as a component of the S&P/JPX Carbon Efficient Index by the GPIF.

The Foster Group, based on its corporate creed of "Sincerity," has been aiming to "provide products and services with sincerity to all stakeholders, always telling the truth and being kind to people and the earth".

In March 2021, the Group established the "ESG Management Statement", and committed to achieve sustainability from a long-term perspective.

Against climate change, this year we joined the Japan Climate Initiative (JCI); the group of companies and organizations that are actively working on climate change to dispatch information and exchange opinions.

In line with the 1.5 degree target of the Paris Agreement, we have further set a target of 50% reduction in absolute CO2 emissions for Scope 1 and 2 by 2030 from a 2018 base-year, aiming to achieve carbon neutrality by 2050.

We will continue to strive to meet the expectations of our stakeholders and enhance our corporate value.

About FTSE Blossom Japan Index:

https://www.ftserussell.com/products/indices/blossom-japan