Tokyo Electron (TEL) announced that the company ranked number 1 among Japanese companies in the second ROESG Rankings (2020 edition) implemented by Nikkei Inc. and QUICK Corp. ESG Research Center.*
ROESG is an index that integrates ROE (Return on Equity), which is an indicator of capital efficiency, and ESG (Environmental, Social, and Governance), a non-financial index of sustainability. The ROESG index was conceived and developed under the supervision of Professor Kunio Ito of Hitotsubashi University who is also Director of the Hitotsubashi CFO Education and Research Center. This was the first time a domestic ranking list was included in the ROESG announcement. TEL’s superior capital efficiency and dedication to ESG engagement earned the company a significantly high score.
TEL will continue to improve its corporate value in the short term, as well as in the medium to long term, in pursuit of its corporate philosophy of “We strive to contribute to the development of a dream-inspiring society through our leading-edge technologies and reliable service and support.”
* Carried on page 37 of the Nikkei, March 29, 2021, morning edition.