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 to as 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.
The index was developed by global index provider FTSE Russell*1, and is designed to be a sector-neutral index (stock index) that reflects the performance of Japanese companies that excel in environmental, social and governance (ESG) action in their respective sectors. Additionally, to encourage the shift to a low-carbon economy, for companies with particularly large greenhouse gas emissions, only the companies evaluated for their improvement efforts according to the TPI Management Quality Score*2 are included. The index is extensively used by investors around the world who focus on companies’ ESG commitment and is considered as an important criterion for judgment. It is also used as an index for the Government Pension Investment Fund (GPIF), one of the world’s largest pension funds, to make ESG investment.
Based on its materialities, strategies and policies, the Dexerials Group pursues systematic initiatives to help solve social issues and realize a sustainable society through business activities. Achieving sustainable growth in a rapidly changing business environment is not possible without strengthening non-financial capital and intangible assets. With this in mind, we have implemented measures to invest in human capital, the source of our competitiveness. These measures include the provision of stocks based on an employee stock ownership plan (J-ESOP) and the introduction of a job-type personnel system, among other things. Further, Sustainability Promotion Division was established in April 2023 and Dexerials Group companies will come together to promote sustainability initiatives.
Moving forward, we will remain committed to achieving a sustainable society and enhancing our corporate value by offering the unique value of Dexerials.
- *1About 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. *2: TPI (Transition Pathway Initiative) Management Quality Score assesses the quality of management of risks and opportunities associated with a company’s greenhouse gas emissions and transition to low carbon.
- *2 TPI (Transition Pathway Initiative) Management Quality Score assesses the quality of management of risks and opportunities associated with a company’s greenhouse gas emissions and transition to low carbon.