NEWS
Selected as a component of "Morningstar Japan ex-REIT Gender Diversity Tilt Index"
2023.04.28
Pigeon Corporation (Headquarters: Tokyo; President and CEO: Norimasa Kitazawa) announces it has been included in the "Morningstar Japan ex-REIT Gender Diversity Tilt Index" (GenDi J) *1*2.
Built with the data and scoring methodology of Equileap*3, "GenDi J" is designed to emphasize the stocks of companies that have strong gender diversity policies embedded in their corporate culture and that ensure equal opportunities to employees, irrespective of their gender. Companies are divided into five equally sized groups based on their Gender Equality Score. Pigeon Corporation is in Group 1, the highest tier of "GenDi J".
In addition, the Government Pension Investment Fund (GPIF), one of the world's largest public pension fund, has newly adopted "GenDi J" as an ESG index for domestic equities.
Pigeon Corporation has also been selected by "FTSE Blossom Japan Index", "FTSE Blossom Japan Sector Relative Index", "S&P/ JPX Carbon Efficient Index", and "MSCI Japan Empowering Women Select Index", which are adopted by the GPIF.
We, Pigeon Corporation, will aim to grow sustainably and further enhance its corporate value by addressing key issues (materiality) over the medium to long term under the Pigeon Sustainable Action in order to make this world more baby-friendly.
*1 About "Morningstar Japan ex-REIT Gender Diversity Tilt Index"
https://indexes.morningstar.com/gender-diversity-indexes
*2
Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, "Morningstar") has authorized Pigeon Corporation to use of the Morningstar Japan ex-REIT Gender Diversity Tilt Logo ("Logo") to reflect the fact that, for the designated ranking year, Pigeon Corporation ranks in the top quintile of companies comprising the Morningstar® Japan ex-REIT Gender Diversity Tilt IndexSM ("Index") on the issue of gender diversity in the workplace. Morningstar is making the Logo available for use by Pigeon Corporation solely for informational purposes. Pigeon Corporation use of the Logo should not be construed as an endorsement by Morningstar of Pigeon Corporation or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with Pigeon Corporation. The Index is designed to reflect gender diversity in the workplace in Japan, but Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included in it. Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included in it or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third party content providers have any liability for any damages (whether direct or indirect), arising from any party's use or reliance on the Index or the Logo, even if Morningstar is notified of the possibility of such damages. The Morningstar name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results.
*3 Equileap: Headquartered in Amsterdam, Equileap is the leading provider of data and insights on gender equality in the corporate sector.
■About Pigeon's External Evaluation and Commendations
https://www.pigeon.com/sustainability/evaluation/
■About Pigeon's sustainability initiatives
https://www.pigeon.com/sustainability/