Nippon Prologis REIT has been included in the MSCI Japan ESG Select Leaders Index, which features companies with high environmental, social and governance (ESG) performance relative to their peers.
“The index has been designed for investors seeking a broad, diversified sustainability benchmark with relatively low tracking error to the underlying equity market” said MSCI in an explanation on the investment barometer.
Nippon Prologis REIT’s ascension into the index will improve its visibility, especially among institutional investors that are bounded by ESG mandates.
For example, the Government Pension Investment Fund (GPIF) of Japan, which announced on 3 July 2017 that it has selected the MSCI Japan ESG Select Leaders Index as one of its ESG indices in its passive investment strategy.
“The Prologis Group is committed to developing environmentally responsible logistics facilities”, said the REIT in a statement announcing its ascension into the index.
[Nippon Prologis REIT] will continue to work toward minimizing environmental impacts and maximizing energy conservation”, the REIT added.
Units of Nippon Prologis REIT are currently listed on the Tokyo Stock Exchange at JPY238,300.