Nissin Foods Announces 2022 Q3 Results ACN Newswire

Nissin Foods Announces 2022 Q3 Results

10 11 月, 2022
HONG KONG, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced its financial results for the nine months ended 30 September 2022 ("the Reporting Period"). Revenue of the Group increased solidly by 7.8% year-on-year ("YoY") from HK$2,858.6 million to HK$3,081.9 million. Revenue from Hong Kong and China operations respectively grew 11.6% to HK$1,156.6 million and 5.7% to HK$1,925.2 million YoY. Gross profit grew 8.2% YoY to HK$973.5 million (2021: HK$899.4 million) with gross profit margin increased by 0.1 percentage point to 31.6% (2021: 31.5%). Profit attributable to owners of the Company was HK$237.3 million.The growth in overall gross profit margin and revenue of Hong Kong and Mainland China operations is mainly due to the price adjustments implemented during the Reporting Period. Moreover, for Hong Kong operations, good demand for instant noodles and frozen foods contributed to the revenue growth. For Mainland China operations, growth in sales volume for the cup-type instant noodles also benefits its revenue increase during the Reporting Period.Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "The Group achieved resilient business performance in Hong Kong and Mainland China in spite of global and regional uncertainties during the Reporting Period, thanks to the prudent strategies such as cost-saving measures and price adjustment we implemented. Looking forward, we will remain conscious of the business environment and take necessary measures to improve our production efficiency and flexibility, as well as to enhance our product portfolio in order to delight our consumers and create long-term value for all stakeholders."About Nissin Foods Company LimitedNissin Foods Company Limited (The "Group"; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the "ECO Cup" concept and primarily focuses its sales efforts in first-and second-tier cities. Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC Export Index 3Q22: Exporter confidence continues to improve ACN Newswire

HKTDC Export Index 3Q22: Exporter confidence continues to improve

19 9 月, 2022
HONG KONG, Sep 19, 2022 - (ACN Newswire via SEAPRWire.com) - The sentiment among Hong Kong exporters continues to improve. The HKTDC Export Index increased a further 1.9 points to 32.8 in the third quarter of 2022, indicating a sustained improvement in confidence in the short-term export performance. However, exporters are facing downward pressure on prices, with the Trade Value Index falling 11.5 points to 40.2.HKTDC Director of Research Irina Fan and Corey To announced the HKTDC Export Index for the third quarter of 2022 at a press conference today (19 September).HKTDC Director of Research Irina Fan told a press conference today that a deteriorating external environment was keeping the recovery slower than hoped. "Weakening demand in major markets dampened by high inflation and aggressive monetary tightening, coupled with rising Sino-US trade tensions and other fallouts from the Russia-Ukraine conflict, also cloud the export outlook," she said.The HKTDC conducts the Export Index survey every quarter, interviewing some 500 Hong Kong exporters from six major industries - machinery, electronics, jewellery, watches and clocks, toys and clothing - to gauge business confidence in near-term export prospects. The Index indicates an optimistic or pessimistic outlook, with 50 as the dividing line.Shift in focusMs Fan said more than half of the respondents (52.0%) in the latest exporters' survey view the shortened quarantine requirement in the Mainland China - a seven-day centralised stay plus three days of home confinement - as positive for business. She added that enabling more flexible business travel arrangements (53.8%), the gradual resumption of cross-border commerce and trade (33.0%), and a smoother production flow (31.8%) were cited as the top benefits.While the impacts of the pandemic continue to decline, COVID-19-related issues remain among the top concerns for Hong Kong exporters over the next three months. Most respondents said COVID-19 persistence (40.2%) and border closure (22.6%) are the major impediments to export performance."To help them deal with this changing environment, Hong Kong businesses are tending to shift from being market-focused to more money-focused," Ms Fan said. Developing other product categories (36.9%) and stabilising finances to ensure sufficient cash flow (35.6%) are the most popular business strategies adopted by the survey respondents. Additionally, more of them said they intend to increase unit prices (35.2%, up 18 percentage points).Jewellery, Japan outperformHKTDC Economist Corey To said jewellery was currently the most promising sector with the highest sub-index at 44.2, followed by toys at 37.0. The jewellery sector also showed the largest improvement, with a 9.9-point increase from the previous quarter, while the electronics sector gained 2.3 points to 32.7.Mr To said Asia continues to provide a relatively promising outlook, adding that Japan remains the best performer at 48.4 (up 0.8 points), followed by the Association of Southeast Asian Nations (ASEAN) bloc (46.9, up 3.6 points) and Mainland China (45.8, up 2.7 points).Recovering supply chainsHe said the pandemic impact on businesses tended to be less severe in the third quarter as compared with April-June. "Fewer respondents experienced negative impacts on their business resulting from the pandemic (77.9%, down 1.2 percentage points). Among them, those whose business had been very negatively affected fell 11.8 percentage points to 23.4%."Mr To said rising transportation costs (64.1%) and logistics disruptions (51.8%) remained the key challenges for Hong Kong exporters, though both fell significantly - by 8.5 and 13.4 percentage points respectively - from the previous quarter, reflecting the gradual easing of supply chain issues. "But it is worth noting that more respondents reported communications issues with overseas buyers/suppliers (48.2%, up 26.6 percentage points) and order cancellations (21.2%, up 4.5 percentage points)."References- HKTDC Research website: http://research.hktdc.com/- HKTDC Export Index 3Q22: Gradual Recovery Underway https://bit.ly/3BetyBI- Photo download: https://bit.ly/3Lm8UUVAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communication and Public Affairs Department:Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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China Risun’s 2022 Interim Revenue Ups 21.1% to RMB22.53 Billion, Profit Attributable to Owners was RMB1.74 Billion ACN Newswire

China Risun’s 2022 Interim Revenue Ups 21.1% to RMB22.53 Billion, Profit Attributable to Owners was RMB1.74 Billion

29 8 月, 2022
HONG KONG, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, has announced its interim results for the six months ended 30 June 2022 ("the reporting period"). During the reporting period, the Group grew and expanded by way of provision of operation management services together with the formation and acquisition of entities by focusing on opportunities in both China and overseas. Revenue for the six months ended June 30, 2022 was approximately RMB22.53 billion, representing an increase of approximately 21.1%. Profit attributable to owners of the Company was approximately RMB1.74 billion, up approximately 0.8%. Basic earnings per share of the Company was RMB39.14 cents. To share the fruit of its outstanding results performance, the Board determined to declare an interim dividend of RMB12.30 cents per share (for the six months ended June 30, 2021: RMB12.30 cents).Steady expansion of coke businessSelf-built production progressing wellDuring the reporting period, revenue derived from the coke and coking chemicals manufacturing business continued to increase, up 20.2% to RMB9,262.7 million. As at January 1, 2022, the Group had the annual production capacity of coke amounting to approximately 11.05 million tons and there were two expansions of the production capacity of coke in Huhhot and Sulawesi Production Bases under construction. Trial run of the first phase of coke production facility with an annual capacity of 1,500,000 tons in Huhhot Production Base was completed and construction of the coke production facility with the remaining 1,500,000 tons per annum will be completed by the end of the first quarter of 2023. The expansion in Sulawesi Production Base will be completed in different phases in mid of 2023 and early 2024.For the operation management service section, the Group expanded the coke operation management services into Henan Province, the PRC in June 2022, where the Group is responsible for the provision of integrated sales and marketing services to a coke enterprise with an annual coke production volume of 1,000,000 tons. At the end of the reporting period, there are a number of operation management services carried out by the Group.Continue to enhance the production capacity of refined chemicals facilities Becoming one of the leading producers in the worldThe group's refined chemical manufacturing business continued to grow with revenue from this sector increased by 18.7% to RMB7,245.9 million. During the reporting period, the Group invested and enhanced the capacity of caprolactam (CPL) in the production line of aromatic chemicals in Cangzhou and Dongming Production Base, which can be used for manufacturing nylon, fibers and plastics. The Group estimated that the annual production capacity of CPL will be 750,000 tons by the end of 2022, ranking as one of the leading producers in the world.Accelerate the development of hydrogen energy business and achieve phased results The Group had hydrogen production, storage, transportation, hydrogenation to usage together with radiation of intelligent supply of hydrogen in three different production bases, which were Dingzhou, Xingtai and Huhhot. Among these three production bases, the hydrogen production facilities in Dingzhou with a daily production capacity of 13,000 kg and Dingzhou hydrogen refueling station commenced operation during the Reporting Period. China Risun is going to participate actively into the hydrogen industrialization plan in different cities in the PRC. In March 2022, the Group set up a new subsidiary in Baoding in Hebei Province, which will be engaged in the following businesses, (i) development of application of hydrogen energy heavy truck and hydrogen bus together with hydrogen-electric oil and gas energy stations; (ii) development of the transportation line for agricultural products from Baoding to Beijing and areas adjacent to Beijing; (iii) development of hydrogen bus application in Baoding; and (iv) long-distance hydrogen pipeline feasibility study and exploration on cost reduction of transportation of hydrogen. Moving forward, focusing on the rapid development of hydrogen energy industry in Beijing-Tianjin-Hebei area, the Group is committed to expanding its intelligent supply of hydrogen to the whole country with advanced technology and more customer-oriented services.Expand geographical layout to IndonesiaOpen up global marketThe Group expanded its geographical layout from the PRC to Indonesia in the second half of 2021 by establishing business partnerships by way of the formation of three joint ventures. Three joint ventures located in IMIP are under development as planned, with Risun Wei Shan New Energy (Indonesia) Company Limited expected to commence production gradually from the mid of 2023.Looking forward to the second half of 2022, the Group will continue to increase the market share in the independent coke market and certain refined chemicals market by expanding the annual coke production capacity, entering into different operation management services together with mergers and acquisitions (including forming joint ventures). The Group will also keep engaging in green and low-carbon practices, driving the industrial chain in the reduction of carbon emissions and striving to be one of the leaders in carbon peak and neutrality in the coke and chemical industry in the PRC.About China Risun Group LimitedChina Risun Group Limited is the world's largest independent producer and supplier of coke by volume in 2021, according to Frost & Sullivan. China Risun is an integrated coke, coking chemicals, refined chemicals and hydrogen energy products producer and supplier and relevant operation management services provider in China and occupies leading positions in a number of refined chemicals sectors both in China and globally. The vertically-integrated business model together with more than 27 years of experience in the coal chemicals industry production chain has enabled China Risun to further tap the downstream refined chemicals markets and hence diversify its income sources and create greater value. China Risun has been listed on the main board of the Hong Kong Stock Exchange since March 2019 and is now included in various index series, including the Hang Seng Composite Index, Hang Seng Composite Industry Index - Materials, Hang Seng Composite MidCap Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, Hang Seng Stock Connect Hong Kong Composite Index, Hang Seng Large-Mid Cap (Investable) Index, Hang Seng Large-Mid Cap Low Volatility Comprehensive Index, Hang Seng Large-Mid Cap Quality Comprehensive Index, Hang Seng Large-Mid Cap Low Size Comprehensive Index, Hang Seng Large-Mid Cap Dividend Yield Comprehensive Index, Hang Seng Large-Mid Cap Momentum Comprehensive Index, Hang Seng Large-Mid Cap Value Comprehensive Index, Hang Seng Large-Mid Cap Equal Weighted Factor Mix (QVLM) Index and Hang Seng Large-Mid Cap Risk Parity Factor Mix (QVLM) Index. China Risun is also included in FTSE GEIS: FTSE Global Small Cap Index, FTSE Global All-Cap Index (LMS) and FTSE Global Total-Cap Index (LMSu).For more details, please visit http://www.risun.com/En/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Mazda Included in MSCI Japan ESG Select Leaders Index JCN Newswire

Mazda Included in MSCI Japan ESG Select Leaders Index

29 7 月, 2022
HIROSHIMA, Japan, Jul 29, 2022 - (JCN Newswire via SEAPRWire.com) - Mazda Motor Corporation has been included in the MSCI Japan ESG Select Leaders Index, a major ESG investment index. This makes Mazda a constituent of all five ESG indices for Japanese stocks (listed below) that are adopted by the Government Pension Investment Fund, one of the world�s largest pension reserve fund managers.MSCI Japan ESG Select Leaders IndexMSCI Japan Empowering Women Index (WIN)FTSE Blossom Japan IndexFTSE Blossom Japan Sector Relative IndexS&P/JPX Carbon Efficient IndexMembers of the MSCI Japan ESG Select Leaders Index are selected by major U.S. financial services company Morgan Stanley Capital International. Listed Japanese companies are assessed in their respective industries and only those with relatively high ESG ratings are included in the index.Mazda strives to grow as a company and to continuously challenge ourselves to realize our corporate vision of brightening people�s lives, existing sustainably with the earth and society.Mazda Sustainability website: External Evaluations: www.mazda.com/en/sustainability/evaluation/ Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Eisai Listed for 21st Consecutive Year in FTSE4Good Index Series JCN Newswire

Eisai Listed for 21st Consecutive Year in FTSE4Good Index Series

26 7 月, 2022
TOKYO, Jul 26, 2022 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that it has been included in the FTSE4Good Index Series for the 21st consecutive year since its initial inclusion in 2002. The FTSE4Good Index Series is a global index series for socially responsible investment.The FTSE4Good Index Series was developed by FTSE Russell to promote investment in companies that meet global environmental, social and governance (ESG) standards. Eisai received particularly high scores in "Corporate Governance", "Customer Responsibility", "Labor Standards" and "Tax Transparency", among others. As of the end of June 2022, 1,092 companies worldwide and 224 Japanese companies were included in the FTSE4Good Developed Index Series.Currently, in addition to the MSCI ESG Leaders Indexes, another global ESG investment index, Eisai is also listed in the FTSE Blossom Japan Index, the FTSE Blossom Japan Sector Relative Index, the MSCI Japan ESG Select Leaders Index, the MSCI (WIN) and the S&P/JPX Carbon Efficient Index, which are ESG investment indices for Japanese stocks Japan Empowering Women Index adopted by the Government Pension Investment Fund (GPIF).Eisai's corporate concept is to give first thought to patients and people in the daily living domain, and to increase the benefits that health care provides to them, as well as address diverse healthcare needs worldwide. By strengthening its ESG initiatives and increasing non-financial value, Eisai is striving to sustainably enhance corporate value based on this concept.For more information on our ESG initiatives, please visit www.eisai.com/sustainability/index.html.Media Inquiries:Public Relations DepartmentEisai Co., Ltd. +81-(0)3-3817-5120 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Mitsubishi Motors Added to the MSCI Japan Empowering Women Index (WIN) for Five Consecutive Years JCN Newswire

Mitsubishi Motors Added to the MSCI Japan Empowering Women Index (WIN) for Five Consecutive Years

19 7 月, 2022
TOKYO, Jul 19, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Motors Corporation has been added for five consecutive years to the MSCI Japan Empowering Women Index (WIN) in recognition of the company's initiatives in promoting women's participation. WIN was developed by Morgan Stanley Capital International (MSCI) for environmental, society and governance (ESG) investing. WIN selects companies that demonstrate gender diversity and are expected to grow sustainably in a long term for its index by scoring from disclosed information based on the Act on Promotion of Women's Participation and Advancement in the Workplace, on initiatives aimed at hiring of women, their ratio of management positions, and diversity. The index has been adopted as one of the indexes for ESG investing by the Government Pension Investment Fund (GPIF). From amongst various environmental, society and governance issues, Mitsubishi Motors identifies materiality that should be prioritized and addressed. One of these material issues is the promotion of work-style reforms in response to the new normal (diversity and work-life balance). Mitsubishi Motors is working to build an environment in which diversity is respected, and each worker can experience job satisfaction, fully demonstrate his or her abilities, and be able to work and thrive in good physical and mental health. [Main Results in Promoting Women's Participation]1. Higher ratio of women employeesThe ratio of women employees increased from 9.9 to 11 percent in March 2022 compared to March 2018 when Mitsubishi Motors was not selected in the WIN index. 2. Higher ratio of female managersThe ratio of female managers increased 1.6 times, from 2.9 to 4.7 percent in July 2022 compared to July 2017 when Mitsubishi Motors was not selected in the WIN index. [Targets and examples of key initiatives to promote women's participation]1. Creation and implementation of a General Employers Action Plan based on the Act on Promotion of Women's ParticipationDuring the three years from April 1, 2021, to March 31, 2024, the company will work on the following two targets. (1) Increase the ratio of female assistant managers (pre-management) to 15 percent(2) Increase the rate of male employees taking childcare leave to 10 percent or more (per annum) 2. Support to balance work and child/nursing carePromote an environment in which diverse employees can demonstrate their abilities to the fullest, by introducing flextime and remote work programs in addition to systems supporting child and nursing care. Also established in-house daycare facilities, support desk which employees can consult how to balance their work and life, and more. Aiming to realize a sustainable society and enhance corporate value, Mitsubishi Motors will continue to promote compmanywide sustainability initiatives. Mitsubishi Motors Corporation's sustained inclusion in MSCI index, use of MSCI logo, trademark or service mark or use of index name should not be interpreted as support to, guarantee or promotion of Mitsubishi Motors by MSCI or its affiliates. Names and logos of MSCI and MSCI index are the trademarks or service marks of MSCI or its affiliates. About Mitsubishi Motors Mitsubishi Motors Corporation (TSE:7211) -- a member of the Alliance with Renault and Nissan--, is a global automobile company based in Tokyo, Japan, which has about 30,000 employees and a global footprint with production facilities in Japan, Thailand, Indonesia, mainland China, the Philippines, Viet Nam and Russia. Mitsubishi Motors has a competitive edge in SUVs, pickup trucks and plug-in hybrid electric vehicles, and appeals to ambitious drivers willing to challenge convention and embrace innovation. Since the production of our first vehicle more than a century ago, Mitsubishi Motors has been a leader in electrification--launched the i-MiEV -- the world's first mass-produced electric vehicle in 2009, followed by the Outlander PHEV -- the world's first plug-in hybrid electric SUV in 2013. The company announced a three-year business plan in July 2020 to introduce more competitive and cutting-edge models, including the Eclipse Cross (PHEV model), the all-new Outlander and the all-new Triton/L200.For more information on Mitsubishi Motors, please visit the company's website at https://www.mitsubishi-motors.com/en/ Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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JPEX Announces Launch of MoonBirds NFT Index and Upcoming Giveaway SeaPRwire

JPEX Announces Launch of MoonBirds NFT Index and Upcoming Giveaway

16 7 月, 2022
Dubai, UAE, July 16, 2022 – (SEAPRWire) – JPEX, a licensed and recognized digital assets platform designed to facilitate seamless crypto transactions, has launched the MoonBirds NFT index in the RedHare NFT index contract. With most traders uncertain about the future of NFTs, no thanks to the highly volatile nature of the market, JPEX’s recently released index contract will address this significant sticking point. RedHare NFT Index Contract The RedHare NFT Index – a contracting product that can track NFT projects and aggregate on-chain trading data – is the only veritable hedge tool for NFT holders. This NFT index contract may allow holders to earn profits from short-selling and buying non-fungible tokens. The RedHare NFT index contract supports over forty times the available leverage. This means that when the price of a profile picture-style [PFP] NFT drops abruptly, these NFT holders can earn profits by short-selling. MoonBirds NFT Coming to JPEX The MoonBirds NFT index will be available soon on the JPEX platform. Like the RedHare NFT index, users can short sell and leverage NFTs to earn profits in the bear season. Besides that, the MoonBirds NFTs – a collection of 10,000 unique NFTs created by the PROOF Collective Team and based on the Ethereum network – will launch on the JPEX platform. To celebrate this feat, the JPEX team will hold a giveaway event. Users stand a chance of winning four MoonBirds NFTs. Prospective winners must follow the JPEX official account [@ExhangeJpex] on Twitter, Like/Retweet, and tag three friends to the post. Finally, potential winners must join the JPEX Discord server. Scheduled to end on Thursday, July 14th, 2022, winners will receive direct messages from the JPEX team three days after the event. JPEX’s Recent Sponsorships and Marketing Campaigns JPEX aims to provide a safe, reliable, and genuinely secure platform for buying/selling currencies. JPEX is committed to delivering a truly satisfying and easy-to-use solution for users beyond trading cryptocurrencies. To consolidate this claim, JPEX has entered into sponsorship partnerships with top football teams. These sponsorships align with JPEX’s greater goal of accelerating global crypto adoption in all works of life. JPEX also sponsored the Singapore crypto event, and talks are currently underway for a new event in Dubai, slated for October 2022. Yet another outstanding feature of JPEX is its “crazy” yet standout marketing campaigns in Australia, Taiwan, Malaysia, and Hong Kong. The digital assets trading platform’s latest campaign in Hong Kong saw the exchange bring the largest-scale billboard to the administrative region of China – an unprecedented feat in the crypto marketing space. About JPEX JPEX is a renowned digital assets platform designed to enable the seamless buying/selling of cryptocurrencies. The exchange platform aims to deliver a remarkably secure and reliable trading platform for users globally. Keen on offering more than exchange services, JPEX has entered into several partnerships with various sports teams as it seeks to spread the crypto gospel worldwide. Social Contact Twitter: https://twitter.com/exchangejpex Facebook: https://www.facebook.com/Jpex-Japan-Exchange-100535999063470 Discord: https://discord.com/jpex Instagram: https://instagram.com/Jpex_official?utm_medium=copy_link YouTube: https://www.youtube.com/channel/UCeslqL2jMg1kBYR1Fqua3Qw/featured Blog: https://www.jpextime.com/ Media Contact Brand: JPEX Contact: Media Team Email: cs@jp-ex.io Website: https://jp-ex.io/ SOURCE: JPEX The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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MHI Receives MSCI’s ESG Rating of “AA” for the First Time JCN Newswire

MHI Receives MSCI’s ESG Rating of “AA” for the First Time

13 7 月, 2022
TOKYO, Jul 13, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has received an ESG Rating of "AA" from MSCI(Note) for the first time. The new 2022 rating represents an upgrade from the Company's previous "A" rating, and it demonstrates the high assessment MSCI accords to MHI's ESG initiatives.MSCI's ESG Ratings are given in seven ranked grades in descending order from AAA to CCC, based on the firm's analysis of a company's initiatives relating to environmental, social and governance issues. MSCI's ESG Ratings serve as a global index for making ESG investments.MHI is currently selected for inclusion in all four of the ESG investment indices used by Japan's Government Pension Investment Fund (GPIF), which is the largest pension fund in the world: FTSE Blossom Japan Sector Relative Index, MSCI Japan ESG Select Leaders Index, MSCI Japan Empowering Women Index (WIN), and S&P/JPX Carbon Efficient Index. The Company is also included in the Asia Pacific Index of the Dow Jones Sustainability Index (DJSI), one of the world's leading ESG stock investment indices.Going forward, MHI will continue to harness the power of technology to develop solutions to the world's social issues, marking growth as a business corporation that contributes to achieving a sustainable society and a secure future for the earth and all who inhabit it.MSCI Inc. is an American financial services provider based in New York and listed on the New York Stock Exchange (NYSE). MSCI provides a variety of tools to support investment decisions by institutional investors around the world, including large public pension funds, asset management companies, hedge funds, etc.For further information: https://www.msci.com/About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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