Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced that the company received a “AA” ESG rating for the first time from Morgan Stanley Capital International (MSCI) (Note). AA is the second highest rating given by MSCI ESG Research, a global provider of in-depth research, ratings and analysis of the environmental, social and governance (ESG) related business practices.
MSCI ESG Research assesses and rates global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.
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Since the official launch of Sustainability Promotion Office in 2020, Renesas has made significant progress on the MSCI ESG Rating with its score improving from B (2020) to BBB (2021) to AA (2022). “Achieving these results in three consecutive years is a testament of our global commitment to a responsible and proactive ESG practice. We are honored to have received such a positive evaluation from MSCI this year, and will continue to strive for excellence in all areas of our operations by implementing best practices,” said Fujiko Yamaguchi, Vice President, Sustainability Promotion Office and Investor Relations.
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The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes, produced by MSCI, Inc. Renesas has been selected as a constituent of the MSCI Japan Empowering Women Index in 2021, which is adopted by the Government Pension Investment Fund (GPIF), the largest pension fund in Japan..
is an American financial services provider based in New York, U.S. The company is listed on the New York Stock Exchange (NYSE) and provides a variety of tools and services to support institutional investors around the world, including large public pension funds, asset management companies, stock index calculation.
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