MSCI Inc. (hrereinafter, “MSCI”) is a financial services company headquartered in New York, USA. It calculates and publishes numerous stock indices, and provides a variety of tools for institutional investors globally to support their decision-making on investment. The MSCI ESG Ratings comprehensively evaluates the companies’ activities for the environment, social, and governance of thousands of companies around the world and compares them by industry. MSCI evaluates and rates the companies in seven grades from the highest rank “AAA” to the lowest “CCC”.

We have been selected as a constituent stock of the MSCI Japan ESG Select Leaders Index. This index is created from among the constituents of the MSCI Japan IMI Top 700 Index and the stocks with relatively superior ESG ratings within each of the industry sectors, by MSCI. In addition, the Government Pension Investment Fund (GPIF) adopts it as one of their ESG investment indices.

*THE USE BY Nissha Co., Ltd. OFANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF Nissha Co., Ltd. BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.