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. 

Built with the data and scoring methodology of Equileap^*2, "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 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/