External Evaluation

MSCI ESG Leaders Indexes

Shimadzu is included in the MSCI ESG Leaders Indexes, one of the global SRI indices. It selects companies that excel in ESG.

• *THE INCLUSION OF SHIMADZU CORPORATION IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF SHIMADZU CORPORATION BY MSCI OR ANY OF ITS AFFILIATES.
  THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.

MSCI Japan ESG Select Leaders Index

Shimadzu is included in the MSCI Japan ESG Select Leaders Index, which selects brands in respective industry categories with a high ESG score based on overall environmental, social, and governance (ESG) risks. The index is also used as an indicator for evaluation by the Government Pension Investment Fund (GPIF).

• *THE INCLUSION OF SHIMADZU CORPORATION IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF SHIMADZU CORPORATION BY MSCI OR ANY OF ITS AFFILIATES.
  THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.

MSCI Japan Empowering Women Index (WIN)

Shimadzu is included in the MSCI Japan Empowering Women Index (WIN), which selects companies in respective industry categories that promote the role of women and have a high gender diversity score. The index is also used as an indicator for evaluation by the Government Pension Investment Fund (GPIF).

• *THE INCLUSION OF SHIMADZU CORPORATION IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF SHIMADZU CORPORATION BY MSCI OR ANY OF ITS AFFILIATES.
  THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.

FTSE Blossom Japan Sector Relative Index

The FTSE Blossom Japan Sector Relative Index, developed by Global Index Provider FTSE Russel, is designed to measure the performance of Japanese companies that have relatively strong Environmental, Social, and Governance (ESG) practices in individual industries or sectors. This index is constructed so that industry or sector weights align with the Japanese equity market. In addition, this index supports the transition to a low carbon economy by selecting companies with high GHG emissions as constituent stocks only if they have achieved a reduction in GHG emissions based on the TPI Management Quality Score.The FTSE Blossom Japan Sector Relative Index is used by Japan’s Government Pension Investment Fund (GPIF) as a benchmark for passive ESG investment management.

• *FTSE Russell (a trading name of FTSE International Limited and Frank Russell Company) certifies that Shimadzu Corporation. meets the requirements to become a constituent of the FTSE Blossom Japan Sector Relative Index afterassessment by a third party. The FTSE Blossom Japan Sector Relative Index is widely used to construct and evaluate sustainable investment funds and other financial instruments.
  https://www.ftserussell.com/products/indices/blossom-japan

JPX-Nikkei Index 400

Shimadzu Corporation is selected to be included in the JPX-Nikkei Index 400, which was started by the Japan Exchange Group (JPX), Tokyo Stock Exchange, and Nikkei in 2014 for the purpose of selecting companies that satisfy the various conditions required by global investment standards.

JPX Prime 150 Index

JPX Prime 150 Index is a new index developed by JPX Market Innovation & Research, Inc., based on the concept of "Index composed of leading Japanese companies that are estimated to create value."
Of the top 500 TSE prime-listed stocks by market capitalization, 75 stocks each, in total 150 stocks were selected from two perspectives of value creation: 1) equity spread, the difference between ROE (return on equity) and cost of equity, and 2) PBR, a market valuation based on stock price. Shimadzu was selected based on PBR.

iSTOXX MUTB Japan Platinum Career 150 Index

Shimadzu Corporation is selected as constituent of the iSTOXX MUTB Japan Platinum Carrier 150 Index, an ESG index focusing on human capital, which was jointly developed by Mitsubishi UFJ Trust and Banking Corporation and STOXX, an index provider affiliated with the Deutsche Börse Group.
The index uses the evaluation items of Platinum Career companies in Toyo Keizai Inc.'s CSR survey data. The index recognizes 150 Japanese companies that actively contribute to employee career development by evaluating three aspects: long term view, active learning and social contribution.

S&P/JPX Carbon Efficient Index

Shimadzu Corporation is included in the S&P/JPX Carbon Efficient Index, which is an indicator for selecting companies with low carbon emission levels and that disclose suficcient information about carbon emission quantities. The index is also used as an indicator for evaluation by the Government Pension Investment Fund (GPIF).

SOMPO Sustainability Index

Shimadzu Corporation is included in the 2024 SOMPO Sustainability Index, managed by Sompo Asset Management Co., Ltd. This index is socially responsible investment (SRI) funds for pension trusts and institutional investors that invest broadly in firms that have strong positive evaluation ratings in each of the environment, society, and governance fields.

MSCI ESG Ratings

In 2024, Shimadzu Corporation received MSCI ESG Ratings of ‘AA’ for the second consecutive year. MSCI ESG Ratings is a global assessment index provided by MSCI (Morgan Stanley Capital International) ESG Research. This rating evaluates the companies’ activities for environmental, social, and governance-related initiatives, and rates the companies in seven grades from the highest rank ‘AAA’ to the lowest ‘CCC.’

• *THE USE BY SHIMADZU CORP. OF ANY 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 SHIMADZU CORP. 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.

2023 Health & Productivity Stock Selection

For the third consecutive year, Shimadzu Corporation is selected as the "Health & Productivity Stock Selection" jointly by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange to select companies that are strategically pursuing employee health management from a managerial perspective.

"White 500" Company with Superior Health Management

For the eighth consecutive year, Shimadzu Corporation is recognized jointly by the Japanese Ministry of Economy, Trade and Industry and the Nippon Kenko Kaigi as a 2024 “White 500” company, which recognizes large corporations with outstanding health and productivity management practices.

NADESHIKO BRAND 2017-2022

For six consecutive years, Shimadzu Corporation has been selected as a Nadeshiko brand in recognition of being a publicly listed company that actively promotes the role of women in the workplace.
Nadeshiko brands are selected each year by the Japanese Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange from among all companies listed on the first, second, or Mothers sections of the Tokyo Stock Exchange or on the JASDAQ index in recognition of companies in each category that promote the active participation of women in the workplace.

Diversity Management Selection 100

Shimadzu is included in the Diversity Management Selection 100 list, which is a list of companies selected by the Japanese Ministry of Economy, Trade and Industry to publicize advanced measures by companies that use diversity to achieve better management results.