Third-party Evaluations

Index Inclusion

FTSE Blossom Japan Index

This is an index created by the global index provider FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group. For six consecutive years since 2020, SUBARU has been selected as a constituent of this index, which has been adopted as an equity indicator for environmental, social, and governance (ESG) investment by the Government Pension Investment Fund (GPIF) of Japan.

FTSE Blossom Index Series

FTSE Blossom Japan Sector Relative Index

This is an index created by the global index provider FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group. Designed to be sector neutral, it reflects the performance of companies with relatively high ESG ratings in each sector. For four consecutive years since 2022, SUBARU has been selected as a constituent of this index, which has been adopted as an equity indicator for ESG investment by GPIF.

FTSE Blossom Japan Sector Relative Index

S&P/JPX Carbon Efficient Index

This index uses the TOPIX, a standard index reflecting trends in the Japanese market, as the investment universe, assigning weights to constituent stocks according to their environmental disclosure practices and carbon efficiency (emissions per unit of sales). This index has been adopted as an equity indicator for ESG investment by GPIF.

S&P/JPX Carbon Efficient Index

Other Sustainability-related Evaluations

MSCI ESG Ratings

Developed by Morgan Stanley Capital International (MSCI), this system analyzes a company’s ESG initiatives and rates them on a seven-point scale from AAA, the highest rating, to CCC, the lowest rating. SUBARU has earned an A rating.

MSCI ESG Ratings

CDP

CDP is a global non-profit organization encouraging environmental disclosure by corporations and local governments and evaluates their efforts to address important environmental issues. It is widely used around the world as an information platform to help investors and companies understand environmental risks and make sustainable decisions.
In addition to CDP’s Climate Change and Water Security categories, SUBARU started to provide questionnaire responses to the Forests category in FYE March 2025, and received the following evaluation scores:

  • Climate Change: B
  • Water Security: B-
  • Forests: C
CDP