TOKYO — Nikkei said on Friday that it will add five companies to its Nikkei 225 Climate Change 1.5°C Target Index as part of a regular review. The additions include Rohm and Shift, which joined the Nikkei 225 after the previous review, as well as Mitsubishi Corp., Sumitomo Chemical and J. Front Retailing, whose environmental ratings have improved.
The changes will take effect on Oct. 31. The index, launched in May 2022, follows European Union rules for benchmarks aligned with the Paris Agreement on curbing global warming. Reviews are conducted twice a year, in April and October.
Stocks removed from the Nikkei 225 since the last review have already been excluded from the climate index under its rules. After the reshuffle, the index will have 207 constituents, with a greenhouse gas emissions intensity that is 54% lower than that of the Nikkei 225.
For more details, please visit the Nikkei 225 Climate Change 1.5°C Target Index website.