MSCI Japan ESG Select Leaders Index

The MSCI Japan ESG Select Leaders Index is a free float-adjusted market capitalization weighted index based on the MSCI Japan IMI Index, its parent index, which includes large, mid and small-cap securities in the Japanese markets

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Index code	713538
Index type	Equity
Benchmark administrator	MSCI LIMITED
Div Yld (%)	1.89
P/E	18.82
P/E Fwd	16.35
P/BV	1.96

Number of constituents	257
Index Market Cap	$3.67 T
Largest constituent Market Cap	$187.29 B
Smallest constituent Market Cap	$255.97 M
Average constituent Market Cap	$14.31 B
Median constituent Market Cap	$4.27 B
Does this benchmark pursue ESG objectives?	Yes

Data as of Sept. 30, 2026

		Annualized std dev (%)²	Sharpe ratio^2,3	Maximum drawdown
MSCI Japan ESG Select Leaders Index	12.69	14.53	15.65	14.02	1.12	0.43	0.57	33.68	2021-09-14 - 2022-10-21
MSCI ACWI IMI Index	2.62	12.22	15.06	14.97	1.28	0.53	0.67	58.59	2007-10-31 - 2009-03-09

Ticker	Provider	Name	Product type	Index name	Currency
1653 JP	Daiwa	Daiwa ETF MSCI Japan ESG Select Leaders Index	ETF	MSCI Japan ESG Select Leaders Index	JPY

ESG metrics

Summary

MSCI Japan ESG Select Leaders Index

Implied Temperature Rise

> 2.0°C - < 3.2°C

100.0% coverage

MSCI ACWI IMI Index

Implied Temperature Rise

> 2.0°C - < 3.2°C

96.0% coverage

MSCI Japan ESG Select Leaders Index	Score	Coverage
ESG Score	8.3	100.0%
UN Global Compact Violations % (*)	0.0%	100.0%
Red Flag ESG Controversies % (*)	0.0%	100.0%

MSCI ACWI IMI Index	Score	Coverage
ESG Score	6.6	89.8%
UN Global Compact Violations % (*)	0.1%	99.9%
Red Flag ESG Controversies % (*)	0.1%	99.9%

(*) Additional ESG factor not mentioned in the regulation but provided for transparency purposes.

Data available as of April 2025. The information was updated as part of the regular monthly update cycle. Data available as of April 2025. The information was updated as part of the regular monthly update cycle.

MSCI ESG and climate ratings, research and data are produced by MSCI Solutions LLC, a subsidiary of MSCI Inc. MSCI Sustainability Indexes, Analytics, Real Assets, and Private Capital Solutions are products of MSCI Inc. that utilize information from MSCI Solutions LLC. MSCI Indexes are administered by MSCI Limited and MSCI Deutschland GmbH.

Consolidated environmental rating distribution

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

MSCI Japan ESG Select Leaders Index	Score	Coverage
Environmental Pillar Score	6.2	100.0%
Aggregated Climate VaR %	-27.9%	--
Policy Risk Climate VaR %	-15.5%	100.0%
Technology Opportunities Climate VaR %	3.7%	93.7%
Physical Risk Climate VaR %	-16.1%	97.9%
Fossil Fuel-Based Sector Exposure (NACE) %	5.3%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	553.5	100.0%
Reported Emissions %	85.9%	--
Estimated Emissions %	14.1%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	818.6	100.0%
High Climate Impact Sector Exposure %	67.0%	100.0%
Fossil Fuel Reserves % (*)	5.3%	100.0%
Green Revenue	6.5	100.0%
Green Capex %	0.0%	3.4%
Green Bonds % (**)	--	--

MSCI ACWI IMI Index	Score	Coverage
Environmental Pillar Score	5.9	89.8%
Aggregated Climate VaR %	-18.9%	--
Policy Risk Climate VaR %	-12.4%	97.7%
Technology Opportunities Climate VaR %	1.3%	64.2%
Physical Risk Climate VaR %	-7.8%	92.1%
Fossil Fuel-Based Sector Exposure (NACE) %	6.7%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	348.9	98.1%
Reported Emissions %	87.2%	--
Estimated Emissions %	12.5%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	808.7	98.1%
High Climate Impact Sector Exposure %	58.0%	100.0%
Fossil Fuel Reserves % (*)	5.2%	99.2%
Green Revenue	7.5	99.9%
Green Capex %	0.5%	5.0%
Green Bonds % (**)	--	--

(*) Additional ESG factor not mentioned in the regulation but provided for transparency purposes.

(**) The universe of self-labelled green bonds is sourced from Refinitiv and Climate Bonds Initiative. Bonds included in the MSCI Fixed Income Indexes that are not identified as selflabelled green bonds based on data from Refinitiv and Climate Bonds Initiative are deemed non-compliant with the green bond criteria as defined by the MSCI ESG Research Green Bond Assessment methodology. Such bonds are counted towards the Coverage %.

MSCI Japan ESG Select Leaders Index	Score	Coverage
Social Pillar Score	6.0	100.0%
Controversial Weapons %	0.0%	100.0%
Tobacco Involvement - Highly Restrictive %	0.1%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.0%	100.0%
Social Violations (Count)	0.0	100.0%
Social Violations (% of Constituents)	0.0%	100.0%
Lack of Due Diligence Policy (ILO) %	20.7%	100.0%
Gender Pay Gap	28.6	97.9%
Female:Male Board Diversity Ratio	30.2	100.0%
Total Recordable Injury Rate	1.3	99.2%
Bribery and Corruption Controversies (Sum)	3.0	100.0%

MSCI ACWI IMI Index	Score	Coverage
Social Pillar Score	5.0	89.8%
Controversial Weapons %	0.4%	100.0%
Tobacco Involvement - Highly Restrictive %	0.8%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.7%	100.0%
Social Violations (Count)	15.0	99.9%
Social Violations (% of Constituents)	0.2%	99.9%
Lack of Due Diligence Policy (ILO) %	36.1%	99.0%
Gender Pay Gap	14.4	81.6%
Female:Male Board Diversity Ratio	56.2	98.0%
Total Recordable Injury Rate	5.5	72.9%
Bribery and Corruption Controversies (Sum)	206.0	99.9%

MSCI Japan ESG Select Leaders Index	Score	Coverage
Governance Pillar Score	6.4	100.0%
Board Independence	52.9	100.0%
Board Gender Diversity	22.0	100.0%

MSCI ACWI IMI Index	Score	Coverage
Governance Pillar Score	5.7	89.8%
Board Independence	78.6	98.4%
Board Gender Diversity	33.9	98.4%

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MSCI Japan ESG Select Leaders Index

Score

Coverage

ESG Score

8.3

100.0%

UN Global Compact Violations % (*)

0.0%

100.0%

Red Flag ESG Controversies % (*)

0.0%

100.0%

MSCI ACWI IMI Index

Score

Coverage

ESG Score

6.6

89.8%

UN Global Compact Violations % (*)

0.1%

99.9%

Red Flag ESG Controversies % (*)

0.1%

99.9%

MSCI Japan ESG Select Leaders Index

Score

Coverage

Environmental Pillar Score

6.2

100.0%

Aggregated Climate VaR %

-27.9%

Policy Risk Climate VaR %

-15.5%

100.0%

Technology Opportunities Climate VaR %

3.7%

93.7%

Physical Risk Climate VaR %

-16.1%

97.9%

Fossil Fuel-Based Sector Exposure (NACE) %

5.3%

100.0%

Enterprise Carbon Intensity (t CO2e/$M EVIC)

553.5

100.0%

Reported Emissions %

85.9%

Estimated Emissions %

14.1%

Wtd Avg Carbon Intensity (t CO2e/$M Sales)

818.6

100.0%

High Climate Impact Sector Exposure %

67.0%

100.0%

Fossil Fuel Reserves % (*)

5.3%

100.0%

Green Revenue

6.5

100.0%

Green Capex %

0.0%

3.4%

Green Bonds % (**)

MSCI ACWI IMI Index

Score

Coverage

Environmental Pillar Score

5.9

89.8%

Aggregated Climate VaR %

-18.9%

Policy Risk Climate VaR %

-12.4%

97.7%

Technology Opportunities Climate VaR %

1.3%

64.2%

Physical Risk Climate VaR %

-7.8%

92.1%

Fossil Fuel-Based Sector Exposure (NACE) %

6.7%

100.0%

Enterprise Carbon Intensity (t CO2e/$M EVIC)

348.9

98.1%

Reported Emissions %

87.2%

Estimated Emissions %

12.5%

Wtd Avg Carbon Intensity (t CO2e/$M Sales)

808.7

98.1%

High Climate Impact Sector Exposure %

58.0%

100.0%

Fossil Fuel Reserves % (*)

5.2%

99.2%

Green Revenue

7.5

99.9%

Green Capex %

0.5%

5.0%

Green Bonds % (**)

TOYOTA MOTOR CORP	4.78%
TOKYO ELECTRON	4.53%
SUMITOMO MITSUI FINL GRP	4.36%
HITACHI	4.19%
SOFTBANK GROUP CORP	4.12%
RECRUIT HOLDINGS CO	3.84%
SONY GROUP CORP	3.77%
MIZUHO FINANCIAL GROUP	3.55%
TOKIO MARINE HOLDINGS	2.49%
FAST RETAILING CO	2.24%

		Annualized std dev (%)²			Sharpe ratio^2,3			Maximum drawdown
Index	Turnover(%)¹	3 YR	5 YR	10 YR	3 YR	5 YR	10 YR	%	Period YYYY-MM-DD
MSCI Japan ESG Select Leaders Index	12.69	14.53	15.65	14.02	1.12	0.43	0.57	33.68	2021-09-14 - 2022-10-21
MSCI ACWI IMI Index	2.62	12.22	15.06	14.97	1.28	0.53	0.67	58.59	2007-10-31 - 2009-03-09

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MSCI Japan ESG Select Leaders Index

Index risk and return characteristics

Top 10 constituents

Sector weights

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1 index-linked ETP

ESG metrics

Summary

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

Consolidated environmental rating distribution

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

Consolidated social rating distribution

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

Consolidated governance rating distribution

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

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ESG metrics

Summary

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

Consolidated environmental rating distribution

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

Consolidated social rating distribution

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

Consolidated governance rating distribution

MSCI Japan ESG Select Leaders Index

MSCI ACWI IMI Index

Index risk and return characteristics

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Get in touch.