Advantest selected as Index Component for SNAM Sustainability Index

31st August 2017
Posted By : Mick Elliott
Advantest selected as Index Component for SNAM Sustainability Index

Semiconductor test equipment supplier Advantest has been selected as an index component of the SNAM Sustainability Index managed by Sompo Japan Nipponkoa Asset Management (SNAM). The SNAM Sustainability Index combines evaluations of ESG (environment, society, and governance) and share prices.

In the FY2017 survey, Advantest received a high score, particularly in the environmental evaluation, and was selected for the first time as an index component.

Advantest is promoting products that take into consideration energy saving, resource saving, recyclability, and other related factors, and has long been engaged in environmental conservation measures such as introducing solar generation into its offices and purchasing electricity generated by wind power.

The biotope within the Advantest Gunma R&D Centre site (pictured), with a total area of 17,000m², has been praised by many people, including experts and community residents, as a space that coexists with nature and supports biodiversity.

ESG has received much attention worldwide as an indicator to forecast future corporate value. In an EU directive in 2014, large companies were required to disclose non-financial information.

In Japan as well, the importance of ESG in investor decisions is taking on ever-greater importance, such as in July when the Government Pension Investment Fund (GPIF) began to invest based on ESG indicators.

Advantest will continue to aim at sustainable development and improving corporate value by respecting stakeholders and striving to maintain harmony with society.

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