For the first time in Bridgestone’s history it has been included in the Stoxx Global ESG Leaders Index – a globally recognized stock investment index that takes into account an organization’s environmental, social and governance (ESG) policies.
The Stoxx Global ESG Leaders Index is organized by Deutsche Börse, Stoxx of Switzerland. To compile the list of eligible companies, 1,800 major companies are surveyed by Holland-based Sustainalytics – an ESG evaluation company – against a set of criteria.
In October 2018 the Bridgestone Code of Conduct was established to serve as a guideline for Bridgestone Group employees and business partners in addressing a wide range of compliance issues, including the prevention of corruption and conflicts of interest. Furthermore, steps are being taken to improve the transparency of ESG data at the tire manufacturer. An example is the disclosure of use of renewable energy figures, which has been introduced throughout the company in 2019.
As part of its social responsibility commitment, the tire maker has defined three priority areas – mobility, people and environment. Additionally, three management fundamentals were identified – procurement, human rights and labor practices. Furthermore, the company has committed to using renewable energy only, including sunlight, wind and geothermal heat, as opposed to finite resources such as fossil fuels.