External Evaluation External Evaluation

Main Evaluations from Outside

Updated July 2026

Main Evaluations from Outside

Inclusion in SRI (socially responsible investment) and ESG indices and ratings

The Denka Group has been recognized for its efforts toward a sustainable society based on its ESG Basic Policy and is highly rated by various ESG rating institutions around the world. (As of July 2026)

FTSE JPX Blossom Japan Index and FTSE JPX Blossom Japan Sector Relative Index

The FTSE JPX Blossom Japan Index and FTSE JPX Blossom Japan Sector Relative Index are ESG investment indices calculated by FTSE Russell, a global index provider under the London Stock Exchange Group (LSEG). The two indices consist of Japanese companies that excel in addressing ESG (environment, social, and governance) issues and are used by the GPIF (Government Pension Investment Fund) as benchmarks for ESG investment. Denka has been selected as a constituent stock of both indices. (As of June 2026)

FTSE JPX Blossom Japan Index

FTSE Russell (a registered trademark of FTSE International Limited and Frank Russell Company) certifies that Denka Co., Ltd. has met the requirements for inclusion in the FTSE JPX Blossom Japan Index based on the results of a third-party survey and has become a constituent of this Index. The FTSE JPX Blossom Japan Index was created by FTSE Russell, a global index provider, and is designed to measure the performance of Japanese companies that have implemented specific responses to environmental, social, and governance (ESG) issues. The FTSE JPX Blossom Japan Index is widely used for the creation and evaluation of sustainable investment funds and other financial products.

FTSE JPX Blossom Japan Sector Relative Index

FTSE Russell (a registered trademark of FTSE International Limited and Frank Russell Company) hereby certifies that Denka Co., Ltd. has met the requirements for inclusion in the FTSE JPX Blossom Japan Sector Relative Index as a result of a third-party survey and has been selected as a constituent of this Index. The FTSE JPX Blossom Japan Sector Relative Index is widely used for the creation and evaluation of sustainable investment funds and other financial products.

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MSCI SELECTION INDEXES

MSCI SELECTION INDEXES is a comprehensive ESG index provided by MSCI, one of the world's leading index providers. This index is based on ESG research conducted by MSCI, which conducts ESG ratings for companies around the world and selects companies that are relatively highly rated within each industry. (As of June 2025)

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MSCI Japan ESG Select Leaders Index

The MSCI Japan ESG Select Leaders Index is a comprehensive ESG index provided by MSCI, one of the world's leading index providers. This index is selected based on ESG ratings conducted by MSCI based on ESG research conducted by MSCI. This index has been selected as an ESG index by the Government Pension Investment Fund (GPIF), and we continue to confirm its inclusion. (As of June 2025)

Disclaimer

DISCLAIMER STATEMENT
THE INCLUSION OF DENKA CORPORATION IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF DENKA CORPORATION 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.

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S&P/JPX Carbon Efficient Index

The S&P/JPX Carbon Efficient Index was jointly developed by Japan Exchange Group, Inc. and S&P Dow Jones Indices of the United States. Based on TOPIX, a representative stock price index of the Japanese market, it primarily comprises companies with high levels of environmental information disclosure and carbon efficiency (carbon emissions per unit of sales). This index has been selected as an ESG index by the Government Pension Investment Fund (GPIF), and its inclusion has been confirmed continuously since the index's launch in 2018. (June 2026)

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SOMPO Sustainability Index

The SOMPO Sustainability Index is an active index uniquely created by SOMPO Asset Management based on ESG scores from the "Environmental Management Survey" and the "ESG Management Survey" conducted by SOMPO Risk Management, combined with stock value assessments. The index is composed of approximately 300 stocks with superior ESG evaluations. This product is currently adopted by several institutional investors, including pension funds, and we are continuing to confirm their inclusion. (As of June 2026)

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Denka recieves an A- rating in "Climate Change", and an A rating in "Water Security" from CDP 2025

On January 16, 2026, the CDP 2025 scores were announced, and the Company received an "A-" for "Climate Change" and an "A" for "Water Security."

CDP (headquartered in London) is an international non-profit organization that provides an environmental information disclosure system established in 2000 by a group of global institutional investors. CDP conducts surveys based on responses to questionnaires regarding "climate change," "water security (water resource protection)," and "forests (forest conservation)," and publishes the results of evaluations of the transparency of environmental information disclosure and management involvement of each company in the form of scores. More than 23,000 companies, representing two-thirds of the world's total market capitalization, and over 24,000 organizations worldwide, including more than 1,100 municipalities, disclose environmental information through CDP questionnaires.

Regarding "climate change," we have set more in-depth KPIs in Management Plan “Mission 2030” and are working to identify specific risks and opportunities. Regarding "water security," we will continue to disclose appropriate environmental information while enhancing water management, more precisely understanding the impact of our corporate activities on water resources, and working to improve efforts to minimize that impact.

"EcoVadis Sustainability Rating: "Commitment Badge""

EcoVadis (headquartered in France) is an international platform for evaluating the sustainability of supplier companies. It conducts evaluations based on four themes: "Environment," "Labor and Human Rights," "Ethics," and "Sustainable Procurement." Denka's sustainability initiatives were recognized, and the Company was awarded a Commitment Badge. (February 2026)

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External awards

Certification as a Health and Productivity Management Organization (White 500)

The Ministry of Economy, Trade and Industry and the Japan Health Council jointly commend corporations practicing excellent health and productivity management in collaboration with health insurers as "Health and Productivity Management Organization." Denka has been certified as one of the excellent companies in the "Health and Productivity Management Organization 2026" for two consecutive years and has been recognized as a "White 500" company.

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Certification of Kurumin

As a result of the establishment of a workplace environment that is easy to work in, companies that have formulated a general business action plan based on the Next Generation Act, have achieved the targets set forth in the plan, and meet certain criteria will be certified. Denka has been certified for five consecutive years since 2021.

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Awarded the "Precast/Prestressed Concrete Institute Award (Paper Award)"

The following two members of the Infrastructure Solutions Research Department, Kenta Suihara (Group Leader) and Hirotoshi Kodate (Assistant Plant Manager, Omi Plant), have received the "Prestressed Concrete Institute Award (Paper Award)".

Regarding the Award of the Precast Concrete Engineering Society

The Prestressed Concrete Engineering Award is presented to papers and other works that are recognized as having made a significant contribution to the advancement and development of prestressed concrete technology. This time, the paper "Expansion Distribution and Mechanical Properties of CPC Beam Using Expansive Concrete" was evaluated.

Received "The Yoshida Award of the Society of Civil Engineers" and "The Japan Concrete Institute Award (Meritorious Award)"

The following two awards were presented to Dr. Minoru Morioka, Department Manager of the Infrastructure Solutions Research Department: the "Yoshida Award (Paper Category)" from the Japan Society of Civil Engineers and the "Concrete Engineering Award (Meritorious Award)" from the Japan Concrete Institute.

Regarding the Receipt of the Yoshida Award from the Japan Society of Civil Engineers

The Yoshida Award was established to contribute to the advancement of concrete and reinforced concrete technologies, and is presented for outstanding achievements, papers, and construction work related to concrete and reinforced concrete. This time, the paper "Method for Evaluating CO 2 Fixation in Carbonated Cementitious Materials and Study on Changes in Physical Properties" was evaluated.

Regarding the Award of the Japan Concrete Institute

The Japan Concrete Institute awards the Japan Concrete Institute Award to papers and works recognized for having made a significant contribution to the advancement and development of concrete engineering and technology, as well as to its members. The Award for Meritorious Service is presented to regular members who have made significant contributions over many years to the development of the Institute's activities.

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Awarded the Best Presentation Award at the 2019 IEEE Conference on Electrical Insulation and Dielectric Phenomena (2019)

At the 2019 IEEJ Annual Meeting held in September 2019 (Iwate University), Shuhei Aoyama of the Denka Innovation Center, Advanced Technology Research Institute, received the IEEJ Excellent Presentation Award.

The Award recognizes young researchers and engineers aged 35 or younger who have made outstanding presentations of their theses.

The award-winning theme is the development of a rapid antigen diagnostic device using a thermal nanoimprint sheet, and the device developed in this study is expected to be applied as a new simple immunodiagnostic platform.

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Awarded the Industrial Standardization Business Award and the Minister of Economy, Trade and Industry Award for achievements in international standardization activities (October 8, 2019)

On October 8, Masahiro Ibukiyama, Senior Technical Advisor (STA) of the New Business Development Department, received the Minister of Economy, Trade and Industry Award at the "Industrial Standardization Project Awards" hosted by the Ministry of Economy, Trade and Industry.
The Industrial Standardization Awards are presented by the Ministry of Economy, Trade and Industry every October during "Industrial Standardization Promotion Month" to individuals who have made notable achievements in industrial standardization such as the establishment of international standards and domestic standards and conformity assessment activities.

The Ibuki-yama STA was highly praised for its achievements as the Japanese representative committee member and Secretary General of ISO/TC206 (Fine Ceramics) and for its efforts to establish international standards for phosphors used in white LEDs, which contributed to the enhancement of Japan's status and strengthening of its competitiveness.

Awarded the Minister of Economy, Trade and Industry Award at the Industrial Standardization Awards

Awarded the Minister of Economy, Trade and Industry Award at the Industrial Standardization Awards

The UROKO Global Website Wins "awwwards. Site of the Day" (August 23, 2019)

The uruoi global website, operated by Denka Corporation (New York, USA), has been awarded the Site of the Day (STOD) by the global web design award "awwwards."

The "awwwards." is a prestigious web design award that attracts the attention of web creators around the world. Based on the evaluation criteria of "Design," "Usability," "Creativity," and "Content," judges and registered users vote daily to select the sites that are most outstanding in terms of design and functionality as the Site of the Day (SOTD).

The uruoi global website, which won the SOTD this time, received high marks of 7.2 points or higher out of 10 in all four categories. This website was newly established by Denka Corporation to strengthen sales of uruoi in the United States.

Moisture Global Site

Reagent for sd LDL-C test wins ZAK Award at AACC (August 5, 2019, Anaheim, USA)

Denka Seiken Co., Ltd., a consolidated subsidiary of Denka Company Limited, is pleased to announce that its Reagent Academic Department Manager, Yasuki Ito, has been awarded the ZAK Award by the American Association for Clinical Chemistry (AACC) for the development of a measurement reagent for automatic analyzers of "small, dense LDL-C ※1". ※2

The ZAK Award was established in 1990 by the AACC in honor of Dr. Bennie Zak, who made significant contributions to the field of clinical testing in the United States. The award is presented every two years by the AACC's LVDD (Lipoproteins and Vascular Diseases Division) to individuals who have made notable contributions to clinical chemistry research in this field.
The award ceremony was held on August 5, 2019, at the AACC Annual Scientific Meeting in Anaheim, USA. The recipient, Yasuki Ito, was presented with the award by Katsuyuki Nakajima, Chair of the LVDD, and then gave a commemorative lecture.

Denka Seiken has been selling the in vitro diagnostic reagent for sd LDL-C measurement based on this development in the United States as an IVD reagent since July 2018. ※3 We are accelerating the development of this product, which enables simple, rapid, and low-cost assessment of the risk of heart disease, in the United States, Japan, and China, and will continue to contribute to the maintenance of people's health and the prevention of disease.

Award ceremony at AACC Annual Scientific Meeting & Clinical Lab ExpoAugust 5, 2019 Award ceremony at AACC LVDD seminar (Anaheim, USA)
(Left) Yasuki Itoh Denka Seiken Co., Ltd. Reagent Academic Department Manager
(Right) Nakajima Katsuyuki, LVDD Chairman, American Association for Clinical Chemistry

Awarded the 2019 Excellent Research Award from the Chemical and Micro-Nano Systems Society (May 27, 2019)

At the 39th Research Meeting (CHEMINAS39) of the Japan Society for Micro-Nano Systems held at Kanazawa University on May 27-28, Shuhei Aoyama of the Denka Innovation Center, Advanced Technology Research Institute, received the Excellent Research Award for the Poster Prize.

The award-winning theme is "Development of lateral flow immunoassay device using thermal imprint sheet," which proposes a novel immunodiagnostic platform using microfabrication technology. Details of this research will be published in the academic journal to be issued by this society at a later date.

A paper by one of our researchers was selected for the cover of the UK academic journal "Analyst" (March 7, 2019)

In March 2019, a paper written by our researcher, Shuhei Aoyama, was published in the academic journal "Analyst" of the Royal Society of Chemistry (RSC), and was selected for the cover page due to its high evaluation.
This paper proposes a novel immunodiagnostic platform using a polymer sheet processed by a nanoimprint method (a type of fine processing technology). The microcone structure fabricated on the sheet enables highly sensitive and rapid detection of the target antigen. Furthermore, by examining the types of polymers used and the shapes of the fine structures in detail, we achieved highly sensitive detection of blood proteins. The platform has higher homogeneity and transparency than existing immunodiagnostic kits, and is expected to be applied as a next-generation immunodiagnostic platform.

Title of thesis

Thermally imprinted microcone structure-assisted lateral-flow immunoassay platforms for detecting disease marker proteins
(Paper on the development of rapid immunoassay devices using thermal imprint sheets)
Shuhei Aoyama, Yuto Akiyama, Kenji Monden, Masumi Yamada and Minoru Seki*
Analyst, 2019, 144, 1519−1526. *This paper is co-authored with Chiba University, National University Corporation.

British academic journal "Analyst"

DFF Inc., Denka Company Limited CSR and Public Relations Office, Denka Company Limited IR Office, Seiwa Business Link
External Evaluation
Main Evaluations from Outside

Main Evaluations from Outside

Inclusion in SRI (socially responsible investment) and ESG indices and ratings

External Evaluation
Acquisition of external certification

Acquisition status of external certification

As of August 31, 2026 The Denka Group operates environmental and quality management systems to promote continuous improvement. ...

External Evaluation
External awards

Awarded the "Precast/Prestressed Concrete Institute Award (Paper Award)"

The following two members of the Infrastructure Solutions Department have received the "Prestressed Concrete Institute Award (Paper Award)": - KENTARO SUHIRA, Group Leader, Infrastructure Solutions Department - HIROTO KODATE, Assistant Manager, Omi Plant

External Evaluation
External awards

Received "The Yoshida Award of the Society of Civil Engineers" and "The Japan Concrete Institute Award (Meritorious Award)"

The following is an announcement regarding the receipt of awards by the Department Manager of the Infrastructure Solutions Research Department, Minoru Morioka. Morioka has received two awards: the "JSCE Yoshida Award (Paper)" and the "Japan Concrete Institute Award (Merit)". ...

External Evaluation
External awards

Awarded the Best Presentation Award at the 2019 IEEE Conference on Electrical Insulation and Dielectric Phenomena (2019)

At the 2019 Electrical Engineering Society Conference held in September 2019 (Iwate University), Shuhei Aoyama of the Denka Innovation Center Advanced Technology Research Institute received the...

External Evaluation
External awards

Awarded the Industrial Standardization Business Award and the Minister of Economy, Trade and Industry Award for achievements in international standardization activities (October 8, 2019)

Senior Technical Advisor (STA) Masahiro Ibukiyama of the New Business Development Department received the Minister of Economy, Trade and Industry Award at the 2023 Industrial Standardization Project Awards hosted by the Ministry of Economy, Trade and Industry (METI). The award ceremony was held on October 8, 2023.

External Evaluation
External awards

The UROKO Global Website Wins "awwwards. Site of the Day" (August 23, 2019)

The uruoi global website operated by Denka Corporation (New York, USA) has been recognized with the "Honorable Mention" award at the "awwwards", a global web design award.

External Evaluation
External awards

Reagent for sd LDL-C test wins ZAK Award at AACC (August 5, 2019, Anaheim, USA)

Denka Company Limited consolidated subsidiary Denka Seiken Co., Ltd. Reagent Department Manager Yasuki Ito says, "The automatic analyzer for measurement of small, dense LDL-C (Note 1) ...

External Evaluation
External awards

Awarded the 2019 Excellent Research Award from the Chemical and Micro-Nano Systems Society (May 27, 2019)

At the 39th Research Meeting of the Society for Micro and Nano Systems (CHEMINAS39) held at Kanazawa University on May 27-28, Denka INOV...

External Evaluation
External awards

A paper by one of our researchers was selected for the cover of the UK academic journal "Analyst" (March 7, 2019)

An article published in the March 2019 issue of the Royal Society of Chemistry's academic journal "Analyst" introduced the results of a collaborative study conducted with the University of Tokyo on the use of a chemical substance that can be used to detect the presence of microplastics in the environment.

External Evaluation
Denka Report Third-Party Opinion 2025

Denka Report Third-Party Opinion 2025

The resolution of corporate value creation stories is improved. Descriptions of materiality and roadmaps...

External Evaluation
Third-Party Opinion on Denka Report 2024

Third-Party Opinion on Denka Report 2024

A report showing the full picture of the Company-wide reform campaign aimed at returning to a growth trajectory. By spreading integrated thinking, we...

External Evaluation
Third-Party Opinion on Denka Report 2023

Third-Party Opinion on Denka Report 2023

This year's report that meets expectations "Words, systems, and participation for the future" in a concrete way...

External Evaluation
Third-party Opinion on Denka Report 2022

Third-party Opinion on Denka Report 2022

Director, NPO Circulating Society Research InstituteTAMIO YAMAGUCHI

External Evaluation
Third-party Opinion on Denka Report 2021

Third-party Opinion on Denka Report 2021

Director, NPO Circulating Society Research InstituteTAMIO YAMAGUCHI

External Evaluation
Third-party Opinion on Denka Report 2020

Third-party Opinion on Denka Report 2020

Director, NPO Circulating Society Research InstituteTAMIO YAMAGUCHI

External Evaluation
Third-party Opinion on Denka Report 2019

Third-party Opinion on Denka Report 2019

Director, NPO Circulating Society Research InstituteTAMIO YAMAGUCHI