Sep 7, 2023 | Business
Hitachi, Ltd. continued to be selected as a constituent of the FTSE4Good Index Series, the FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative Index.
The FTSE4Good Index Series, the FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative Index are ESG investment indices created by FTSE Russell and significant benchmarks used by investors for assessing corporate ESG practices. The FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative Index are adopted by the Government Pension Investment Fund (GPIF) as a benchmark for ESG passive funds.
Hitachi has been promoting sustainable management and working specifically to achieve the carbon neutrality of its business sites (factories and offices) by FY2030 and its entire value chain by FY2050 under Hitachi Environmental Innovation 2050, its long-term environmental targets. In addition, Hitachi has set a target of increasing the ratio of female and non-Japanese executive and corporate officers (the executive position next to executive officer) to 30% respectively by FY2030.To promote sustainable management, Hitachi also amended its executive compensation system*, expanding the ratio of sustainability evaluation in the compensation.
Hitachi will solve various challenges faced by our customers and society and contribute to the
realization of a sustainable society where people live happily in prosperity through the Social
Innovation Business leveraging data and technology.
* News Release on April 25, 2023 “Hitachi Amends Executive Compensation System, Further Strengthening Links Between Corporate Value and Compensation” www.hitachi.com/New/cnews/month/2023/04/230425b.html
FTSE4Good Index Series
www.ftserussell.com/products/indices/ftse4good
FTSE Blossom Japan Index and FTSE Blossom Japan Sector Relative Index
www.ftserussell.com/products/indices/blossom-japan
Hitachi Sustainability Report
www.hitachi.com/sustainability/download/index.html
Hitachi Integrated Report
www.hitachi.com/IR-e/library/integrated/index.html
About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of “Digital Systems & Services” – supporting our customers” digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company’s website at www.hitachi.com.
Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Sep 6, 2023 | Business
Cherry Blossom PACE – a leading PACE provider in the Northern Virginia community – today recognizes National PACE Month, a time to celebrate the Program of All-Inclusive Care for the Elderly (PACE), an innovative care model that allows seniors with long-term care needs to live independently in their communities for as long as possible.
PACE serves low-income individuals, aged 55 and older, who require a nursing home level of care but want to receive care outside of an institutional setting. Each participant is supported by an interdisciplinary team of medical professionals and support staff. Participants also have access to a wide spectrum of integrated services, including personalized medical care, prescription drug assistance, transportation, social activities, and at-home services including nursing care and light housekeeping.
“At a time when older Americans are demanding to age in place while their health and personal care needs are increasing, seniors report high rates of social isolation and loneliness. To combat this national trend, the PACE program is more important than ever for Northern Virginia seniors and their caregivers,” said Racheli Schoenburg, MD, Medical Director, Cherry Blossom PACE.
A recent study of PACE family caregivers found that 97.5% of family caregivers would recommend PACE to someone in a similar situation.
“This National PACE Month, we thank PACE professionals for their dedication to the program and look forward to continuing to provide high-quality, personalized care to ensure all participants can meet their health care needs and continue living in the Northern Virginia community,” Dr. Schoenburg continued.
Jun 23, 2023 | Business
Mitsubishi Motors Corporation has been added to the FTSE4Good Index Series(1) and FTSE Blossom Japan Index(2) for four consecutive years, and to the FTSE Blossom Japan Sector Relative Index(2) for two consecutive years in recognition of the company’s environmental, social and governance (ESG) initiatives.
The FTSE4Good Index Series is a globally recognized index that measures the performance of companies in their ESG practices and adds superior companies to their index. It is regarded as one of the important criteria for investors to evaluate companies’ ESG initiatives when deciding where to invest.
The FTSE Blossom Japan Index was designed to reflect the performance of Japanese companies that demonstrate strong ESG practices.
In addition, the FTSE Blossom Japan Sector Relative Index, designed in 2022, tracks the performance of Japanese companies that, relative to their sector, demonstrate prominent approaches to ESG issues. As well, in order to promote the shift to a decarbonization economy, only companies with high performance in reducing greenhouse gas emissions are included, where the company efforts are measured by the Transition Pathway Initiative (TPI) Management Quality Score(3).
The FTSE Blossom Japan Index and FTSE Blossom Japan Sector Relative Index have been selected as one of the ESG investment indexes adopted by the Government Pension Investment Fund (GPIF), the world’s largest public pension management and administration organization.
Mitsubishi Motors identifies material issues from various issues in each respective area of ESG, determines initiatives to implement as well as their goals and tracks the progress at the Sustainability Committee chaired by the president and chief executive officer. Mitsubishi Motors will continue its efforts to contribute to building a sustainable society and bolster its corporate value while enhancing communication among top management, employees, and stakeholders.
(1) FTSE4Good Index Series
www.ftserussell.com/products/indices/ftse4good
(2) FTSE Blossom Japan Index/ FTSE Blossom Japan Sector Relative Index
www.ftserussell.com/products/indices/blossom-japan
(3) TPI Management Quality score
Its goal is to assess the progress of companies in transitioning toward a decarbonization economy in terms of both Management Quality and Carbon Performance. The TPI Management Quality Score measures the quality of risk and opportunity management relating to a company’s greenhouse gas emissions and shift to decarbonization.
https://transitionpathwayinitiative.org/
Access below for other external assessment for Mitsubishi Motors: www.mitsubishi-motors.com/en/sustainability/evaluation/
About Mitsubishi Motors
Mitsubishi Motors Corporation (TSE:7211) –a member of the Alliance with Renault and Nissan–, is a global automobile company based in Tokyo, Japan, which has about 30,000 employees and a global footprint with production facilities around the world. Mitsubishi Motors has a competitive edge in SUVs, pickup trucks and plug-in hybrid electric vehicles, and appeals to ambitious drivers willing to challenge convention and embrace innovation. Since the production of our first vehicle more than a century ago, Mitsubishi Motors has been a leader in electrification – launched the i-MiEV – the world’s first mass-produced electric vehicle in 2009, followed by the Outlander PHEV – the world’s first plug-in hybrid electric SUV in 2013.
For more information on Mitsubishi Motors, please visit the company’s website at www.mitsubishi-motors.com/en/.
Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Jun 1, 2022 | International
Blossom Around Town for anniversary celebrations (with photos)
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To celebrate the 25th anniversary of the Hong Kong Special Administrative Region (HKSAR)’s establishment and allow wide participation by the community in sharing the festive joy, the Leisure and Cultural Services Department (LCSD) will run the Blossom Around Town programme from June to October for enhancing the public appreciation of gorgeous landscape displays and beautiful floral arrangements. This programme is under the exclusive sponsorship of the Hong Kong Jockey Club (HKJC), and is one of the many initiatives supported by the HKJC’s approved donation of $630 million to the Government of the HKSAR to mark the 25th anniversary of the establishment of the HKSAR, demonstrating that the HKJC is resolute in pursuing its purpose of acting continuously for the betterment of society, all in support of creating stronger communities together.
The beautification works will be carried out in phases at parks and locations in various districts. Works include displays of colourful flowers and attractive plants with ornamental value to create a cheerful community atmosphere and enhance the cityscape across the territory.
Phase one will be implemented from today (June 1) to July 31. To beautify the environment, enhancement of 21 roadside amenity areas, including flowerbeds at roundabouts and central medians with colourful flowers will be conducted by the department.
Phase two will be from June 13 to August 7. Twelve prominent parks and locations with easy accessibility will be covered by colourful flower seas, flower walls with local characteristics, a maze garden suitable for all ages and “birthday” themed garden plots in celebration of the 25th anniversary of the HKSAR’s establishment to encourage appreciation of flowers and public amusement.
Phase three will run from September 9 to October 16. The department will set up themed garden plots in Oriental and Western styles at designated parks in the 18 districts for public appreciation and photo-taking.
People of all ages are welcome to join the programme and the admission is free. Apart from visiting the venue in person, the public can also visit the LCSD’s Blossom Around Town webpage (www.bat.gov.hk) for details.
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