Evaluations by Society

The FTSE Blossom Japan Sector Relative Index is an investment index constructed by FTSE Russell, a global index provider, that reflects the performance of Japanese companies with superior environmental, social, and governance (ESG) responsiveness relative to their peers in their respective sectors. In selecting stocks, the index provider assesses the quality of companies' management of greenhouse gas emissions and their response to the risks and opportunities associated with transition to a low-carbon economy, in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

The Index has also been adopted as one of the investment criteria by the Government Pension Investment Fund of Japan (GPIF), which actively promotes ESG investment.

• * FTSE Russell (a registered trademark of FTSE International Limited and Frank Russell Company) has certified that CITIZEN WATCH meets the requirements for inclusion in the FTSE Blossom Japan Sector Relative Index as a result of an independent investigation. The FTSE Blossom Japan Sector Relative Index is widely used to create and evaluate sustainable investment funds and other financial products.

Since December 2019, CITIZEN WATCH has been included in the FTSE Blossom Japan Index. Created by the global index provider FTSE Russell, the FTSE Blossom Japan Index is designed to measure the performance of Japanese companies demonstrating strong ESG practices. This index has been selected by the GPIF as an index for use in ESG investment.

The MSCI Japan ESG Select Leaders Index is an index for companies with relatively high ESG ratings selected from each industry among the constituents of the parent index (MSCI Japan IMI Index) created by Morgan Stanley Capital International (MSCI) of the United States.

This index is one of the indexes adopted by the GPIF, the world's largest pension fund management organization, for ESG investment, and CITIZEN WATCH has been selected as a constituent since December 2023.

• * The inclusion of CITIZEN WATCH Co., Ltd. in any MSCI index and the use of the MSCI logo, trademarks, service marks, or index names herein do not constitute a sponsorship, endorsement, or promotion of CITIZEN WATCH Co., Ltd. by MSCI or any of its affiliates. The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.

The MSCI Japan Empowering Women Index (WIN) is a stock price index constructed by MSCI for companies with excellent gender diversity. The GPIF has selected this index for ESG investment, and CITIZEN WATCH has been included in the MSCI Japan Empowering Women Index (WIN) since June 2017.

• * The inclusion of CITIZEN WATCH Co., Ltd. in any MSCI index and the use of the MSCI logo, trademarks, service marks, or index names herein do not constitute a sponsorship, endorsement, or promotion of CITIZEN WATCH Co., Ltd. by MSCI or any of its affiliates. The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.

CITIZEN WATCH has been included in the S&P/JPX Carbon Efficient Index. The S&P/JPX Carbon Efficient Index is designed by the S&P Dow Jones Indices, one of the world’s largest independent index providers, to measure the performance of companies in the underlying index of the Tokyo Stock Price Index (TOPIX), a stock price index representative of the Japanese market. The S&P/JPX Carbon Efficient Index weighs companies based on their levels of environmental information disclosure and carbon efficiency (carbon emissions per unit of sales). It is one of the indexes selected by the GPIF for ESG investment.

Since 2017, CITIZEN WATCH has been included in the SOMPO Sustainability Index (previously known as the SNAM Sustainability Index). The SOMPO Sustainability Index is a stock index developed independently by Sompo Asset Management (previously known as Sompo Japan Nipponkoa Asset Management) by combining ESG evaluation with stock value evaluation.

CITIZEN WATCH was selected for the first time by CDP, a London-headquartered international environmental NPO, to be included in the CDP Climate A List, a list of the highest-rated companies in terms of combating climate change. This has resulted from the organization’s recognition of our overwhelming superiority in commitment to fighting against climate change.

CDP’s Supplier Engagement Assessment included CITIZEN WATCH in its Supplier Engagement Leaderboard, a list of the highest-rated companies in corporate supplier engagement, in FY2024, the third consecutive year following FY2022.

In March 2025, CITIZEN WATCH was selected under the 2025 KENKO Investment for Health Stock Selection, a joint initiative of the Japanese Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) to select and recognize listed companies that consider health management for employees and others from a management perspective and take strategic action therefor. This was the first time to be selected for this initiative.
The KENKO Investment for Health certification program commends outstanding companies and corporations that practice particularly excellent health management based on initiatives tailored to local health issues and health enhancement initiatives promoted by the Nippon Kenko Kaigi.

• Click here for more details:(in Japanese only)

In March 2025, CITIZEN WATCH was recognized as one of the “White 500” companies (outstanding large companies) in the 2025 KENKO Investment for Health program implemented by METI and the Nippon Kenko Kaigi.
The KENKO Investment for Health certification program commends outstanding companies and corporations that practice particularly excellent health management based on initiatives tailored to local health issues and health enhancement initiatives promoted by the Nippon Kenko Kaigi. “White 500” is a title given to the top 500 companies in the large corporation category among those that have been commended in this program.

• Click here for more details:(in Japanese only)

Going further from its first “Kurumin” certification in 2018, CITIZEN WATCH MANUFACTURING, a manufacturing subsidiary of CITIZEN WATCH, was certified as a “Platinum Kurumin” company by the Japanese Minister of Health, Labour and Welfare in September 2024. The Kurumin program is aimed at commending companies that make a high level of commitment to supporting employees’ efforts to balance their work and child-rearing.

In line with the Act on Advancement of Measures to Support Raising Next-Generation Children, companies that support employees’ child-rearing are granted Kurumin certification. From among the Kurumin companies, Platinum Kurumin certification is awarded to companies that make a higher level of commitment, such as making significant progress in introducing and using systems for helping employees balance their work and child-rearing.

In 2023, CITIZEN FINEDEVICE, a CITIZEN WATCH Group company, received three-star “L-boshi” certification, the highest certification, in recognition of its commitment to promoting women’s participation and advancement, a first for a CITIZEN WATCH Group company.

The Act on Promotion of Women’s Participation and Advancement in the Workplace requires companies to establish and submit a general employer action plan. From among the companies that have met that requirement, those that have outstanding progress in initiatives to promote women’s participation and advancement receive L-boshi certification from the Minister of Health, Labour and Welfare.

In April 2023, CITIZEN WATCH was rated at “Excellent Stage 1” (the second out of five progressive stages) under the Social and Environmental Green Evaluation System (SEGES), operated by the Organization for Landscape and Urban Green Infrastructure. Our planning, design, and maintenance of green spaces from the perspective of improving employee wellness and enhancing the local environment were highly regarded.

About SEGES

SEGES evaluates companies’ initiatives and activities for the conservation, creation, and utilization of green spaces on corporate premises and land. It comprehensively assesses not only environmental contribution efforts to mitigate the heat island effect, improve landscapes, and conserve biodiversity but also social contributions, such as promoting environmental education, providing public green spaces, and offering recreational areas. Based on the evaluation results, the system rates those companies. This evaluation system is mentioned in the Low-Carbon City Development Practice Handbook and the Guidelines for Developing Basic Green Plans Considering Biodiversity, both of which are published by the Ministry of Land, Infrastructure, Transport and Tourism. Moreover, the Organization for Landscape and Urban Green Infrastructure, the operator of SEGES, is a core member of the 30by30 Alliance, aimed at promoting efforts to achieve “30 by 30,” one of the main targets of the Kunming-Montreal Global Biodiversity Framework.

• Social and Environmental Green Evaluation System (SEGES)

The CITIZEN Forest Office, which is aimed at being a place that enhances productivity and health throughout its site based on the concept of “Work both indoors and outdoors,” received the Good Design Award, sponsored by the Japan Institute of Design Promotion, for 2021.

In April 2023, CITIZEN WATCH was certified as an Eco-First Company under the Eco-First Program, an initiative implemented by the Japanese Ministry of the Environment to promote corporate environmental activities. In the Eco-First Program, companies pledge to make environmental conservation efforts, and if they make outstanding progress in those efforts, they will be certified by the Minister of the Environment. As of April 2023, Eco-First-certified companies totaled 66.

Eco-First Commitment of the CITIZEN Group (summary)

1. Achieve virtually zero CO₂ emissions from factories and offices by FY2050
2. Promote expansion of environmentally friendly products that take energy conservation, long-term usability, and environmental preservation into consideration
3. Promote environmental and biodiversity conservation activities in local communities at all business sites

• The Eco-First Commitment (full version) (PDF: 225 KB) (in Japanese only)

CITIZEN MACHINERY received Shinshu SDGs Award 2023, sponsored by Nagano Prefecture, which recognizes outstanding initiatives in the prefecture that contribute to the achievement of the Sustainable Development Goals (SDGs).

The Shinshu SDGs Award is presented to companies, municipalities, and organizations that have made outstanding efforts to achieve the SDGs with the aim of promoting initiatives by diverse stakeholders, ensuring that SDG measures are continuously implemented in Nagano Prefecture, and further disseminating and expanding SDG initiatives.