- News Release
- Dexerials Selected as a Constituent of FTSE Blossom Japan Sector Relative Index
Dexerials Selected as a Constituent of FTSE Blossom Japan Sector Relative Index
Dexerials Corporation (Headquarters: Shimotsuke-shi, Tochigi, Representative Director and President: Yoshihisa Shinya, hereinafter, “Dexerials”), which provides leading-edge technologies, materials, and devices for smartphones, automotives, and other products, announced that it has been selected for the first time to be a constituent of “FTSE Blossom Japan Sector Relative Index”, an index that reflects the performance of Japanese companies that demonstrate relatively excellent ESG performance in their respective sectors.
FTSE Blossom Japan Sector Relative Index
Developed by FTSE Russell, a global index provider, FTSE Blossom Japan Sector Relative Index is an index (stock index) that reflects the performance of Japanese companies which are relatively excellent in environmental, social, and governance (ESG) initiatives in their respective sectors. The index comprises 493 stocks.* FTSE Blossom Japan Sector Relative Index is used as a benchmark by the passive ESG funds of the Government Pension Investment Fund (GPIF).
Its constituents are selected based on the evaluation of their environmental impact and management of climate change risk as well as an ESG evaluation by FTSE Russell. The index is designed to reflect a sector breakdown of the entire Japanese stock market. This is the first time that we have been selected in the "Electronic & Electrical Equip" sector.
Dexerials believes that ESG initiatives are a requirement for sustainable growth and are directly connected to its business strategies. In "strengthen the management base", one of the basic policies under the Company’s Medium-Term Management Plan 2019-2023 "Challenge to Evolution" (Update) announced in May 2021, Dexerials includes corporate governance, society, and the environment in its key initiatives. In 2021, Dexerials became a company with an Audit and Supervisory Committee and joined the consortium of the Task Force on Climate-related Financial Disclosures (TCFD). Dexerials aims to achieve zero CO2 emissions from electricity consumption for businesses in FY2030 by using renewable energy and by other means.
Dexerials will continue to strive to resolve social issues and achieve sustainable growth, aiming to enable Dexerials to evolve into a company that lives in harmony with all stakeholders.
- About the FTSE Russell registered trademark
FTSE Russell (a registered trademark of FTSE International Limited and Frank Russell Company) hereby certifies that, as a result of a third-party survey, Dexerials Corporation has been found to fulfill the requirements for inclusion in FTSE Blossom Japan Sector Relative Index and has become a constituent of said index. FTSE Blossom Japan Sector Relative Index is widely used to create and assess sustainable investment funds and other financial products.
- * As of March 29, 2022
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