YRC - Yokohama Rubber Co. Ltd.
YRC - Yokohama Rubber Co. Ltd.
08/21/2024 | Press release | Distributed by Public on 08/20/2024 20:03
Yokohama Rubber awarded “Prime” status in ESG corporate ratings by ISS ESG
Hiratsuka, Japan-The Yokohama Rubber Co., Ltd., is proud to announce that it has received "Prime" status for the first time in the latest ESG corporate ratings by ISS ESG, the responsible investment arm of Institutional Shareholder Services Inc. (headquarters in USA), one of the world's leading proxy advisory firms.
ISS ESG corporate ratings are based on its evaluations of companies' environmental, social, and governance initiatives from the perspective of double materiality*. The ratings are used by investors to assess companies' ESG-related risks, opportunities, and impact. Companies that receive a high overall evaluation in their industry are awarded "Prime" status, and Yokohama Rubber has been awarded "Prime" status in the "Auto Components" industry. Under Yokohama Transformation 2026 (YX2026), the Company's medium-term management plan for 2024-2026, Yokohama Rubber aims to fulfill the concept of double materiality and realize a balance between profitability and contribution to a decarbonized and recycling-oriented society. The "Prime" status awarded to Yokohama Rubber reflects the particularly high evaluation of the Company's efforts in environmental management and social-related areas (human capital, supply chain management, and human rights).
* A concept that emphasizes both the social and environmental impacts on a company's finances and the impact of the company's activities on the environment and society.
Yokohama Rubber's ESG-related activities have been highly evaluated by several third-party entities. The Company was recently selected for inclusion in the FTSE4Good Index Series of global ESG stock indexes for the 20th consecutive year and also was included in CDP's 2023 Climate Change A List.
Under the sustainability slogan "Caring for the Future", Yokohama Rubber is creating shared value by addressing social issues through its business activities.
ISS ESG corporate ratings are based on its evaluations of companies' environmental, social, and governance initiatives from the perspective of double materiality*. The ratings are used by investors to assess companies' ESG-related risks, opportunities, and impact. Companies that receive a high overall evaluation in their industry are awarded "Prime" status, and Yokohama Rubber has been awarded "Prime" status in the "Auto Components" industry. Under Yokohama Transformation 2026 (YX2026), the Company's medium-term management plan for 2024-2026, Yokohama Rubber aims to fulfill the concept of double materiality and realize a balance between profitability and contribution to a decarbonized and recycling-oriented society. The "Prime" status awarded to Yokohama Rubber reflects the particularly high evaluation of the Company's efforts in environmental management and social-related areas (human capital, supply chain management, and human rights).
* A concept that emphasizes both the social and environmental impacts on a company's finances and the impact of the company's activities on the environment and society.
Yokohama Rubber's ESG-related activities have been highly evaluated by several third-party entities. The Company was recently selected for inclusion in the FTSE4Good Index Series of global ESG stock indexes for the 20th consecutive year and also was included in CDP's 2023 Climate Change A List.
Under the sustainability slogan "Caring for the Future", Yokohama Rubber is creating shared value by addressing social issues through its business activities.