Bridgestone continues as being globally recognized by ESG indexes
Tokyo, Japan – Bridgestone Corporation (Bridgestone) has announced the company is once again being selected to continue as a constituent of three globally recognized environmental, social, and governance (ESG) indexes: the Dow Jones Sustainability World Index (DJSI World), the FTSE4Good Index Series, and the MSCI ESG Leaders Indexes. Bridgestone has been included in the DJSI World for three consecutive years since 2022, in the FTSE4Good Index Series for seven consecutive years since 2018, and in the MSCI ESG Leaders Indexes for two consecutive years since 2023.
Setting forth the vision of “Toward 2050, Bridgestone continues to provide social value and customer value as a sustainable solutions company,” Bridgestone links its business to the realization of carbon neutrality, a circular economy, and nature positivity across the entire value chain. From the “produce and sell” phase and the “use” of its products through to their “renewal” to raw materials, Bridgestone aims to build a foundation for creating sustainability value.
The selection for these global ESG indexes is attributed to the steady implementation of Bridgestone’s concrete Mid Term Business Plan (2024-2026), placing sustainability at the core of its management. The Plan is based on the company’s Mid-Long Term Business Strategy, announced with the vision in 2020. Timely and appropriate disclosure of its progress including the following concrete initiatives have contributed to Bridgestone’s inclusion in these indexes:
Sustainability business model: Expansion of environmental contributions by evolving to a regenerative business model.
Realization of carbon neutrality, a circular economy. These include utilizing recycled and renewable materials*1 for tires with “ENLITEN ™” *2, deploying “BCMA” 3, and improving resource productivity and energy efficiency through a shift to Green & Smart production at Bridgestone sites. Promotion of nature positivity. This includes activities for the sustainable use of natural rubber and water resources that are directly linked to the company’s business, especially reinforcement of support for smallholders of natural rubber. Reinforcement of a comprehensive human rights due diligence framework and process aimed at identification, mitigation, prevention, and disclosure of human rights risks. Visualization and disclosure of the impact of social contribution activities aligned with the global goals4. These include global promotion of road safety initiatives, which are areas that Bridgestone can leverage its strength and make the greatest contribution, with visualization and disclosure of the impact.
For more details of Bridgestone’s ESG initiatives, please refer to the “Bridgestone 3.0 Journey 2024 Integrated Report.”
Overview of Each ESG Index:
DJSI is a series of globally recognized sustainability indexes for investors compiled by S&P Dow Jones Indices. DJSI assesses 10,000 companies’ quantitative measurements of sustainability from the perspectives of environmental, social, and governance & economic, and it highlights companies ranked in the top 10% of their respective industries. In 2024, 321 of 3,500 major companies have been selected for DJSI World. Bridgestone has been also selected for the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) for 15 consecutive years since 2010.
The FTSE4Good Index Series, developed by FTSE Russell, evaluates global companies based on their ESG efforts. Companies meeting the criteria are included in the index. Bridgestone has been also selected for the FTSE Blossom Japan Index for seven consecutive years since 2018 and the FTSE Blossom Japan Sector Relative Index for four consecutive years since 2021.
The MSCI ESG Leaders Indexes, developed by MSCI, selects companies with outstanding ESG practices. Bridgestone has been also included in the MSCI Japan ESG Select Leaders Index for four consecutive years since 2021 and was newly selected for the MSCI Nihonkabu ESG Select Leaders Index in 2024. Furthermore, Bridgestone has received the highest “AAA” of MSCI ESG Ratings in two consecutive years since 2023, reflecting its robust ESG risk management practices.
With the “Bridgestone E8 Commitment” *5 which is the company’s axis to drive management while earning the trust of future generations, Bridgestone commits to realizing a sustainable society by co-creating value together with employees, society, its partners and customers.