The ESG corporate ratings by ISS ESG evaluate companies’ environmental, social, and governance initiatives from the perspective of double materiality.
Yokohama Rubber has received “Prime” status in the latest ESG corporate ratings by ISS ESG. The ESG corporate ratings by ISS ESG evaluate companies’ environmental, social, and governance initiatives from the perspective of double materiality. These ratings help investors assess companies’ ESG-related risks, opportunities, and impacts. Companies with a high overall evaluation in their industry are awarded “Prime” status. Yokohama Rubber has earned this status in the “Auto Components” industry.
Under its medium-term management plan, Yokohama Transformation 2026 (YX2026), Yokohama Rubber said it aims to balance profitability with contributions to a decarbonized and recycling-oriented society. The “Prime” status reflects the company’s efforts in environmental management and social-related areas, including human capital, supply chain management, and human rights, Yokohama said.
According to Yokohama Rubber, double materiality emphasizes both the social and environmental impacts on a company’s finances and the impact of the company’s activities on the environment and society.
Yokohama Rubber’s ESG-related activities have been recognized by several third-party entities. The company said it has been included in the FTSE4Good Index Series of global ESG stock indexes for the 20th consecutive year and was included in CDP’s 2023 Climate Change A List.
