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Yokogawa Selected for Inclusion in Two SRI Indexes

Source: www.gulfoilandgas.com 7/19/2017, Location: Asia

Yokogawa Electric Corporation has been selected for inclusion in two socially responsible investment (SRI) indexes that have been recently established by MSCI Inc.: the MSCI Japan ESG Select Leaders Index and the MSCI Japan Empowering Women Index (WIN). MSCI Inc. is a leading global provider of investment decision support tools for institutional investors.

Companies selected to the MSCI Japan ESG Select Leaders Index must be among the top 500 companies based on Japan market capitalization and have a relatively high environmental, social and governance (ESG) rating. As of June 2017, 251 companies were listed on the index.

Companies selected to the MSCI Japan Empowering Women Index must also be among the top 500 companies based on Japan market capitalization and be assessed as having a gender-diverse workforce. As of June 2017, 212 companies were listed on this index. Companies with a good gender balance in their workforce can mitigate the risks of the coming labor shortage due to an aging population, and are seen as being highly able to sustain profitability.

According to the human resource strategies set out in the Transformation 2017 mid-term business plan, Yokogawa will continue to pursue measures that will empower its female employees and make the company more competitive by, for example, strengthening the ability to create new value. The company received the highest Eruboshi designation from Japan's Ministry of Health, Labor and Welfare in July 2016, certifying that it is pursuing superior initiatives promoting women's participation and advancement in the workplace. In such ways, Yokogawa continues to strive to address social issues with the goal of realizing a sustainable society.

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