ZOZO Receives the Highest MSCI ESG Rating of "AAA" for the Second Consecutive Year

ZOZO, Inc. (headquartered in Chiba City, Chiba Prefecture, Representative Director, President & CEO: SAWADA Kotaro), which operates the fashion e-commerce ZOZOTOWN, announces that it has received the highest rating of AAA for the second consecutive year in the MSCI ESG Ratings as of September 2025.

The MSCI ESG Ratings are a global ESG evaluation index provided by MSCI Inc. (Morgan Stanley Capital International), a U.S.-based firm, which assesses a companies’ ESG performance based on their exposure to industry-specific ESG risks and their ability to manage those risks relative to peers. Companies are rated on a seven-tier scale, ranging from AAA to CCC.

ZOZO has been continuously selected as a constituent of the MSCI Nihonkabu ESG Select Leaders Index and MSCI Japan Equity Empowering Women Index (WIN), (*1) and is included in all six ESG indices for Japanese equities (*2) adopted by the Government Pension Investment Fund (GPIF).

ZOZO, guided by its sustainability statement “Connecting fashion to a sustainable future” and Four Key Actions (*3), worked on enhancing sustainable growth as a company while addressing environmental and social issues.

ZOZO will further strengthen its effort on achieving the goal it has set, and to realize a sustainable world of fashion that considers the environment and society, creating a future where everyone can enjoy fashion.


(*1) The company has also been selected as a constituent of the MSCI Selection Indexes.
(*2) MSCI Nihonkabu ESG Select Leaders Index, MSCI Japan Equity  Empowering Women Index (WIN), FTSE Blossom Japan Index, FTSE Blossom Japan Sector Relative Index, S&P/JPX carbon efficient Index, Morningstar Japan ex-REIT Gender Diversity Tilt Index (Details: Sustainability/External Evaluation)
(*3) Details: Sustainability Statement and four Key Actions


ZOZO, Inc.
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