Yokogawa Electric Corporation has released its 2023 Sustainability Report, updating stakeholders on its progress toward sustainability goals: achieve net-zero emissions, ensure workplace safety and well-being for all and make the transition to a circular economy by 2050. Yokogawa also received a high rating on the 2023 MSCI environmental, social and corporate governance (ESG) ratings.
The report this year includes an expanded section detailing specific company contributions and growth initiatives in six areas: achieving carbon neutrality, improving efficiency in society and industry, optimizing plant lifecycle and protection environment, improving health and safety, creating a resource-recycling ecosystem, and creating workplaces where people can fulfill their potential. These stories also showcase Yokagawa’s efforts to engage with all stakeholders, reduce greenhouse gas emissions, and preserve biodiversity. Read the full report here.
For the MSCI ESG ratings, companies are rated on a seven-point scale of AAA to CCC, according to their exposure to industry-specific ESG risks and their ability to manage those risks relative to their industry peers.
In addition, Yokogawa Electric is a constituent of all the ESG indices adopted by Japan's Government Pension Investment Fund (GPIF) for the selection of Japanese equities (as of November 21, 2023). Indices include FTSE Blossom Japan Index, FTSE Blossom Japan Sector Relative Index, MSCI Japan ESG Select Leaders Index, MSCI Japan Empowering Woman Index (WIN), Morningstar Japan ex-REIT Gender Diversity Tilt Index, S&P/JPX Carbon Efficient Index.
Yokogawa aims to achieve a sustainable society in line with the company’s purpose: "Utilizing our ability to measure and connect, we fulfill our responsibilities for the future of our planet.”