MANILA: Mitsubishi Motors Corporation was officially added to the Financial Times Stock Exchange (FTSE4) Good Index Series, the FTSE Blossom Japan Index for five years, and the FTSE Blossom Japan Sector Relative Index for three years.

The company’s addition to the three indexes recognizes its environmental, social, and governance (ESG) initiatives. 

As shared by Mitsubishi, it has sought to identify material issues emerging from each area of ESG. The car manufacturer identifies the kind of initiatives to address the said issues while making sure they align with company goals. The latter is tracked by a dedicated sustainability committee chaired by the president and chief executive officer. 

For those unaware, the FTSE4Good Index is a global list that measures a company’s performance regarding ESG practices. According to Mitsubishi, this is one of the most important criteria investors consider. 

The FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative Index, meanwhile, work similarly to the FTSE4Good but instead focus on companies based in the Land of the Rising Sun. 

The FTSE Blossom Japan Sector Relative Index, in particular, also seeks to promote a shift to decarbonization. The index notes companies that have performed well in cutting down on greenhouse gas emissions

On the car brand’s global website, Mitsubishi has continued to publicly share its current ESG initiatives. Examples of the latter include the goal of achieving carbon neutrality from all business operations by 2050. Mitsubishi also professed its commitment to developing and fielding crash-prevention technologies, as well as the adoption of a progressive but transparent stance in corporate governance. 

Photos from Mitsubishi Motors Facebook Page

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