ITOCHU Has Been Selected as a FY2023 Nadeshiko Brand
March 21, 2024
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announces that it has been selected as a FY2023 Nadeshiko Brand* by the Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange(TSE) in recognition of its management policy and initiatives for women's participation and advancement in the workplace. This makes ITOCHU the recipient of two major METI awards, the other being 2024 Health & Productivity Stock Selection, as announced on March 11, 2024.
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- *The Nadeshiko Brands is an initiative that aims to introduce certain TSE-listed companies that are outstanding in terms of encouraging women’s empowerment in the workplace as attractive stocks to investors who place an emphasis on improving corporate value in the mid- and long-term, thereby further enhancing investors’ interest in such companies and accelerating the efforts for women’s empowerment in the workplace by the companies.
Encouraging Women’s Empowerment in the Workplace
ITOCHU established a new rule for selecting female executive officers, and will promote five female employees from within to executive officers in April 2024. The most significant reason behind internal promotion was the need to raise awareness that the promotion of women itself is not the sole purpose, but cultivating a company-wide culture of training female managers and executives is. A diverse, strong, and resilient corporate culture and Board of Directors cannot be created overnight but will take years to develop.
ITOCHU positions Femtech to be the next initiative following work-style reforms. ITOCHU aims to be a company where female employees can take a more active role by removing barriers that may come in their way.
I believe, in such a company, anyone, regardless of gender, will be able to demonstrate their full potential.
Chairman & CEO
Masahiro Okafuji
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