ISS ESG is the investment arm of Institutional Shareholder Services Inc. (headquarters in USA), a leading proxy advisory firm.
23 Aug 2024 | 1267 Views | By Autocar Pro News Desk
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.
ISS ESG is the investment arm of Institutional Shareholder Services Inc. (headquarters in USA), a leading proxy advisory firm.
ISS ...
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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.
ISS ESG is the investment arm of Institutional Shareholder Services Inc. (headquarters in USA), a leading proxy advisory firm.
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 fulfil the concept of double materiality and realise a balance between profitability and contribution to a decarbonised 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).
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.