Daily Brief ESG: Not Many Companies Have Implemented Full-Scale Improvements in Return on Capital and more

• Certainly, the “TSE’s request” has begun to change companies’ mindsets, but what we focus on now is whether they have put the plan into action and whether it’s producing results.
• The importance of investor engagement is also indicated in the Japan Investor Relations Association’s survey summary. Companies that receive overseas investor engagement are furthering their efforts to improve profitability.
• Even among companies with high IR awareness, few have taken serious steps to reform their business portfolios, as under 60% have begun to reform business portfolios.

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We view Telenet’s ESG as “Adequate”, bordering on Strong, and in line with its Social score. The company’s Environmental and Governance pillars are “Strong”. Controversies are “Immaterial” and Disclosure is “Strong”.