Inclusion in ESG Investing Indexes

・Dow Jones SustainabilityTM World Index
・Dow Jones SustainabilityTM Asia/Pacific Index

Toppan Inc. has been named to the Dow Jones Sustainability World Index (DJSI World) for five consecutive years and to the Dow Jones Sustainability Asia/Pacific Index for three consecutive years (November 15, 2021).

As the world’s longest-running ESG investing index, DJSI World is widely recognized and trusted by experts. Companies’ environmental, social, and governance performance is evaluated based on a stringent Corporate Sustainability Assessment (CSA) of more than 10,000 listed entities around the world. Companies demonstrating outstanding sustainability performance are selected to the DJSI World index.

Toppan Inc. is one of 322 companies named to the DJSI World index in 2021, significantly improving scores in the areas of environmental efficiency and risk and crisis management, and being rated highly for readiness to respond to social issues, including climate change. It also registered a top score for information security/cybersecurity for the second consecutive year.


Toppan has been named on CDP’s climate change A List in recognition of its environmental transparency and action. Toppan is one of 200 companies selected to the climate change list in 2021 (December 2021).
Toppan has also been recognized as a Supplier Engagement Leader in the 2021 Supplier Engagement Rating (SER), which assesses how effectively companies are working with suppliers to address climate change issues. In the 2021 assessment, CDP named more than 500 companies, representing the top 8% of those that responded, as Supplier Engagement Leaders, including 105 Japanese companies (February 2022).
CDP is a global non-profit organization that surveys and assesses the efforts of businesses and subnational governments in relation to target setting, risk management, and disclosure on environmental issues. CDP’s assessment process is aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and is renowned as a global standard for evaluating companies’ environment-related activities.

MSCI Japan Empowering Women Index (WIN)

2021 Constituent MSCI Japan Empowering Women Index (WIN) (in Japanese)

An environmental, social, and governance (ESG) investment index provided by MSCI Inc. of the U.S. Composed mainly of companies recognized for their excellence in gender diversity in the workplace based on various ESG metrics, including the percentages of women among new hires and management. Toppan Inc. has been listed in the index for two years in a row (since fiscal 2019).

・FTSE4Good Index Series
・FTSE Blossom Japan Index

The FTSE4Good Index Series is a series of ESG investment indexes provided by FTSE Russell of the U.K. The FTSE Blossom Japan Index, meanwhile, is composed exclusively of Japanese companies that demonstrate outstanding environmental, social, and governance practices. Toppan Inc. has been listed in both indices for two years in a row (since fiscal 2019).

S&P/JPX Carbon Efficient Index

The S&P Dow Jones and Tokyo Stock Exchange jointly recognize Japanese companies with a sound record of disclosing environment-related information and achieving a high level of carbon efficiency (low carbon emissions per unit of sales).

Ethibel EXCELLENCE Investment Register

Forum Ethibel (a Belgian non-profit organization) registers companies that demonstrate outstanding ESG performance.


ECPI (an investment management advisory firm based in Luxemburg and Milan [Italy]) recognizes companies around the world whose sustainability activities meet the criteria set by ECPI.

Sompo Sustainability Index

Established by Sompo Asset Management Co., Ltd. of Japan as an ESG investment index composed of around 300 companies with records of outstanding performance in ESG metrics. The companies listed on this index make up the portfolio for the Sompo Sustainable Asset Management product for long-term investment funds. As of fiscal 2021, Toppan Inc. has been included in the Sompo Sustainability Index for 10 consecutive years (since the index was established in fiscal 2012).


A France-based ratings platform that assesses corporate social responsibility and sustainability in supply chains based on the four themes of the environment, labor and human rights, ethics, and sustainable procurement. Toppan Inc. received an EcoVadis Silver medal, a recognition granted to companies ranking in the top quarter of the entities assessed.

Awards and Recognition for ESG

The Fiscal 2020 Nadeshiko Brand

A selection of TSE-listed companies with outstanding performance in gender equality metrics, compiled by the Japanese Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE). From fiscal 2012, METI and TSE have been announcing their Nadeshiko Brand selections with the aim of encouraging investment into those companies and accelerating their diversity initiatives. Toppan Inc. was included in the list in both fiscal 2019 and 2020 (along with
45 and 44 other companies, respectively).

DX Stock 2021

In a joint initiative launched in 2015 to promote the strategic use of IT in business, the Japanese Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) introduced a Digital Transformation Stock Selection (DX Stock, formerly the Competitive IT Strategy Company Stocks), a select group of TSE-listed companies active in IT utilization. In 2020, METI and TSE began identifying companies of excellence in the digital transformation (DX), a quest for enhanced competitiveness and ongoing corporate growth based on the use of digital technology as a core force for drastically reforming business models and management. Toppan Inc. was one of 28 companies awarded this designation in fiscal 2021.

Health & Productivity Stock Selection 2021

Toppan Inc. was listed in the 2021 Health & Productivity Stock Selection under a program jointly operated by the Japanese Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange (TSE) to recognize TSE-listed enterprises that excel in strategic engagement in healthcare initiatives for employees from a management perspective (“health and productivity management*.”) This list is compiled with a view to accelerating the health-conscious activities of enterprises by introducing model companies with outstanding performance in employee healthcare metrics to investors who seek enhanced corporate value over the long-term.

*The term “health and productivity management®” is a registered trademark of the Workshop for the Management of Health on Company and Employee of Japan.

2021 Health & Productivity Management Organization “White 500”

The Japanese Ministry of Economy, Trade and Industry has established a Certified Health & Productivity Management Organization Recognition Program to recognize enterprises of various sizes that perform outstandingly in employee healthcare initiatives from a management perspective (“health and productivity management”). Under this program, companies are assessed for their engagement in initiatives to address healthcare-related issues in communities and to practice the health-promotion measures recommended by the Nippon Kenko Kaigi (Japan Health Conference).

Toppan Inc. has been certified as a member of the “White 500,” a select group of health and productivity management organizations in the large enterprise category, for five years running since the launch of the program in 2017.

Eruboshi Marks

Eruboshi (“L Star” in Japanese; L stands for “lady, labor, and laudable”) is a certification system aligned with the Japanese Act on the Promotion of Female Participation and Career Advancement in the Workplace. Eruboshi marks are issued to companies that meet the specific criteria for excellence in female success in the workplace and other gender equality metrics.

Toppan Inc. acquired the 2nd grade Eruboshi mark (shown on the right) on March 1, 2021.

Bronze Medal in ASRA

The Asia Sustainability Reporting Awards (ASRA) is a leading Asia-based corporate reporting award program of worldwide renown. ASRA commends Asian companies for best practices in sustainability reporting. The Toppan Sustainability Report 2020 won the bronze medal for Asia’s Best Environmental Reporting at the 6th ASRA. In bestowing the award, judges cited Toppan’s outstanding environmental reporting transparency and initiatives towards creating a sustainable society. Toppan Inc. was the only Japanese company to be recognized in an ASRA category.