SustainabilityEvaluations from External Bodies
Status of incorporation of the ESG Index* (as of July 2020)
*ESG is an abbreviation of “environment,” “social,” and “governance.” Consideration is given to environmental and social factors, which are important elements to determine whether to make an investment, in addition to financial factors.
S&P/JPX Carbon Efficient Index
The S&P/JPX Carbon Efficient Index is an environmental index that was developed by S&P Dow Jones Indices LLC. It gives weight to companies with high carbon efficiency and that fully disclose carbon emissions. The S&P/JPX Carbon Efficient Index also serves as an ESG index for Japanese companies that are GPIF investment targets. Meidensha was added to the index in 2018.
SNAM Sustainability Index
Meidensha has been selected for the SNAM Sustainability Index, which was instituted by SOMPO Japan Nipponkoa Asset Management (SNAM) in August 2012.
SNAM Sustainable Investment is a responsible investment product for pension funds and institutional investors that invests broadly in companies with a high ESG (environment/social/ governance) rating.
Each year, revision of companies listed in the index is conducted based on the results of investigations conducted by SOMPO Risk Management Inc. (environmental investigation) and IntegreX Inc. (social and governance investigation). Meidensha’s ESG initiatives have been highly rated by these investigations, leading us to be continuously selected by IntegreX since fiscal 2016.
Other Major Evaluations from Outside the Company
CDP (Climate Change and Water Security)
CDP is an international NGO that operates a global information disclosure system to manage the environmental impact of investors, companies, cities, countries, and regions. It investigates, evaluates, and discloses information about environmental initiatives on behalf of institutional investors. In 2019, Meidensha was rated as B in climate change and C in water security by CDP.
2020 CSR Company Ranking (Toyo Keizai Inc.)
Released by Toyo Keizai Inc., the CSR Company Ranking generally evaluates and ranks CSR (corporate social responsibility) and Finance by evaluating utilization of human resources, environment, corporate governance, social responsibility, profitability, safety, and scale, based on responses to an annual survey given to companies. Meidensha was ranked 52nd out of 126 companies in the electrical machinery industry in the 14th CSR Company Ranking (2020).
The 3rd Nikkei Smart Work Management Survey
The Smart Work Management Survey, conducted by Nikkei Inc. from 2017, selects leading companies who are challenging the productivity revolution through work style reform. The survey was conducted on listed companies nationwide and leading unlisted companies, and consists of three elements: the realization of diverse and flexible working systems, a system for new businesses, and the ability to develop markets. They define efforts to maximize organizational performance as "smart work management" and evaluate them in five stages, taking into account management foundations such as corporate governance. In the 3rd survey, Meidensha was recognized as one of the three-stars company.
The 1st Nikkei SDGs Management Survey
The SDGs Management Survey comprises questions relating to the four categories of “SDGs strategy and economic value,” “social value,” “environmental value,” and “governance.” Meidensha was rated as a company with 3.5 stars.
In 2017, Meidensha received the highest level of Eruboshi mark (grade 3).
Eruboshi is a system under which certification is granted by the Minister of Health, Labour and Welfare to companies that have formulated and submitted action plans under the Act for the Promotion of Women’s Participation in Working Life (Act for the Promotion of Women’s Participation), that meet certain standards, and that have been exceptional in their implementation of initiatives. There are three levels of certification, and Meidensha has received grade 3, which is the highest level as it is recognized as having met the required standards in all five evaluation categories. Receiving Eruboshi certification also increases our rating for comprehensive evaluation bidding systems, etc., of public enterprise.
2019 Environmental Human Resource Development Corporate Awards
The Environmental Human Resource Development Corporate Awards are given to companies with management that is considerate of the environment. The awards recognize initiatives to develop employees able to act independently, with the results of said initiatives aimed at increasing the number of companies that contribute to overall improvement of the environment, society, and the economy. Meidensha was awarded an Incentive Prize, and was praised for the activities of the entire Meiden Group and its efforts to increase the reach of its environmental management system, including suppliers.
The 16th LCA Japan Forum Awards: Incentive Award
The LCA Japan Forum Awards comprise a system to commend exceptional initiatives relating to LCA (life-cycle assessment) for the purpose of supporting companies, institutions, and researchers engaged in reducing the environmental impact of products throughout their lifecycles. Meidensha received an incentive award in the environmental management division for its initiatives to reduce value chain greenhouse gas emissions through electric vehicles and renewable energy-related businesses, etc.
The 1st ESG Finance Awards Japan: Minister of the Environment Award (Bond Category)
The ESG Finance Awards Japan were established by the Ministry of the Environment to reward cutting-edge initiatives in ESG finance and social and environmental business, with the goal of spreading ESG finance, against a backdrop of increasing investment and finance that is considerate of ESG factors, including global climate change risks. Meidensha received the Minister of the Environment Award in the Bond Category, and was praised for issuing green bonds to conduct financing for capital investment with an eye to increasing demand for EVs. The firm was further recognized as the first Japanese operating company to obtain CBI certification*, identifying capital investment in the intermediate product of motors/inverters that are used in electric vehicles as a reason for the borrowing of funds.
*CBI certification: Certification issued by the UK international NGO, CBI (Climate Bonds Initiative), to encourage large-scale investment for a low-carbon economy.
At the award ceremony on February 26, 2020
(Left: President Miida)
The 5th Sustainable Finance Awards: Green Bond Award
The Sustainable Finance Award is an award system sponsored by the Research Institute for Environment Finance, which promotes and educates environmental finance to solve environmental problems using financial methods. The award system is aimed at honoring financial institutions, companies, institutions, etc. who have contributed to the development of environmental finance and sustainable finance in Japan.
At the award ceremony on January 22, 2020
FY2020 MEXT Commendation for Science and Technology: Prize for Science and Technology (Development Category)
The MEXT, Minister of Education, Culture, Sports, Science and Technology, Commendation in the science and technology category recognizes those who have achieved outstanding results in research and development or promotion of understanding in relation to science and technology. Meidensha received the Prize for Science and Technology (Development Category) at the 2020 MEXT Commendation for Science and Technology for development of catenary inspection equipment that operates by image analysis.
BCAO Awards 2019: Superior Practice Award in the Business Continuity Division
The BCAO Awards are administered by the Business Continuity Advancement Organization (BCAO) to recognize individuals or groups that have contributed to the spread and implementation of business continuity, in order to promote the proliferation of business continuity in Japan. Meidensha received the Superior Practice Award in the Business Continuity Division and was praised for its development of business continuity plans (BCP) for all business units in 2018, as well as its system of business continuity management (BCM).