ESG Indices

The company was rated leadership level "A-", in research analyzing climate change data through CDP (*1), an international non-governmental organization (2022). The leadership level is defined as a level that "Demonstrates best practices in managing environmental issues" or "Understands environmental issues in line with their business and can explain their awareness and the actions they have taken.” IINO also received an "A-" rating, which is in the top 22% in the shipping industry, in the Supplier Engagement Rating (SER)*2 , which is evaluated in addition to the regular climate change score (2022). IINO will continue to strive to enhance our corporate value through environmental initiatives.

*1　CDP, a global non-governmental organization and leader of environmental initiatives, scores companies by research about strategy, measures and comprehensiveness of disclosure related with climate change.

*2　It evaluates how effectively companies are working with their suppliers on climate change issues, based on responses in the four categories of "Governance, Goals, Scope 3 Emissions Calculation, and Value Chain Engagement with Suppliers" from the Climate Change Questionnaire, as well as the overall CDP Climate Change Questionnaire score.

The FTSE Blossom Japan Sector Relative Index, developed by the global index provider FTSE Russell, reflects the performance of Japanese companies that demonstrate strong Environmental, Social and Governance (ESG) practices in individual industries or sectors. The index is designed to be sector-neutral. In order to encourage the transition to a low-carbon economy, those companies with particularly high greenhouse gas emissions (GHG) are included in this index, only if their improvement initiatives have been evaluated using the TPI Management Quality Score. The index is used by Japan’s Government Pension Investment Fund (GPIF), which is the world's largest public pension fund, as a benchmark for passive ESG investment management.

Related Link：https://www.ftserussell.com/products/indices/blossom-japan

The FTSE Blossom Japan Index Series, created by FTSE Russell, is designed to measure the performance of Japanese companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is designed to be industry neutral.The index is constructed so that industry weights align with the FTSE Japan All Cap Index and uses the globally established FTSE4Good Index Inclusion Rules which are drawn from existing international standards including the UN Sustainable Development Goals.“FTSE Blossom Japan Index” and “FTSE Blossom Japan Sector Relative Index” are components of the FTSE Blossom Japan Index Series.

Related Link：https://www.ftserussell.com/products/indices/blossom-japan

S&P/JPX Carbon Efficient Index uses TOPIX, a representative stock price index that shows trends in the Japanese market, as the scope of the ESG index adopted by Japan’s Government Pension Investment Fund (GPIF), and determines the weighting of constituent stocks by focusing on the status of environmental information disclosure and the level of carbon efficiency (carbon emissions per unit of sales).

The JPX-Nikkei Mid and Small Cap Index is comprised of companies with middle and small market capitalization that are selected based on the same concept as JPX-Nikkei Index 400 and appealing to shareholders and aim at sustainably increasing corporate value. The index is jointly calculated and published by JPX Market Innovation & Research and Nikkei.

The Company received “SABIC Suppliers Recognition Program 2022” Award from SABIC*, a global diversified chemicals company. SABIC selected and awarded 50 companies from among its approximately 45,000 business associates that have made significant contributions to SABIC and have achieved outstanding performance over the 2020-2021 period. Only two chemical tanker companies were selected for the award, and IINO was one of them.

*SABIC, headquartered in Riyadh, manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals. It has more than 31,000 employees worldwide and operates in around 50 countries with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia.

Hibiya Fort Tower, a large-scale redevelopment project of the Shinbashi Tamuracho Area Urban Redevelopment Association (project name: Shinbashi Tamuracho Area Urban Redevelopment Project), in which the company participate, received an award of merit selected by both the Urban Redevelopment Association of Japan*1 and the Tokyo Metropolitan Government.*2

*1 Distinguished Service Award of The Urban Redevelopment Association of Japan: The Distinguished Service Award Committee, consisting of the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and the Urban Renaissance Agency, selects and presents awards to individuals who have made outstanding achievements in the realization of projects such as urban redevelopment and housing development in urban areas.

*2 "Commendation for Distinguished Community Development Workers": A certificate of appreciation is presented to individuals or organizations that have made outstanding contributions to the promotion of attractive community development in Tokyo as "Distinguished Community Development Workers.

The company’s buildings have received numerous external evaluations for environmental initiatives, including “LEED Platinum certification” and “DBJ Green Building Certification”. For details, please see Environmental Preservation in Real Estate.