Advantest Upgraded to "AA" in MSCI ESG Rating
TOKYO, Japan – March 14, 2023 – Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) today announced that it has received an "AA" rating for the first time in the 2023 MSCI ESG Rating. The company's rating was upgraded from "A" based on a positive evaluation of its ESG initiatives.
The highly-regarded MSCI ESG Ratings “aim to measure a company’s management of financially relevant ESG risks and opportunities,” according to MSCI. Through analysis of environmental, social, and governance initiatives, companies are ranked as leaders (AAA, AA), average (A, BBB, BB) or laggards (B, CCC). 2023 marks the first year Advantest has been ranked as a Leader.
The company was recognized in particular for its governance initiatives, such as an executive remuneration system that promotes the interests of shareholders.
Additionally, Advantest was selected in December 2022 as a component of the MSCI Japan ESG Select Leaders Index, a major ESG investment index that the Government Pension Investment Fund for Japan (GPIF), one of the world’s largest pension funds, has adopted as a benchmark for their ESG investment strategy.
Advantest will continue to promote sustainability through ESG initiatives as a fundamental part of the company’s management philosophy, aiming to contribute to the common good and improve corporate value over the medium to long term.
For more on Advantest’s ESG initiatives, see the company’s sustainability website.
THE USE BY ADVANTEST CORPORATION OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF ADVANTEST CORPORATION BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.
About Advantest Corporation
Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, high-performance computing (HPC), including artificial intelligence (AI) and machine learning, and more. Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world. The company also conducts R&D to address emerging testing challenges and applications; develops advanced test-interface solutions for wafer sort and final test; produces scanning electron microscopes essential to photomask manufacturing; and offers system-level test solutions and other test-related accessories. Founded in Tokyo in 1954, Advantest is a global company with facilities around the world and an international commitment to sustainable practices and social responsibility. More information is available at www.advantest.com.
Note: All information supplied in this release is correct at the time of publication, but may be subject to change.