Renesas emphasizes transparency, sustainability in governance report

Renesas Electronics (TSE: 6723) has released its Corporate Governance Report, outlining its commitment to transparency, sustainability, and ethical decision-making. The report, updated as of March 26, 2025, details the company's adherence to the Corporate Governance Code and its strategies for enhancing corporate value. Key features include an emphasis on board effectiveness, with five out of six directors being independent. Renesas has also disclosed its initiatives related to sustainability, including its support for the Task Force on Climate-related Financial Disclosures (TCFD). The company highlighted diversity and inclusion efforts, noting that women constitute approximately 25% of the workforce and 8.6% of managerial positions as of December 31, 2024, and it continues to support the success of female leaders globally. Additionally, the report detailed the company’s approach to executive compensation, risk management, and stakeholder engagement. PricewaterhouseCoopers Japan LLC was elected as Accounting Auditor for FY2024, with a total payment of JPY 207 million. The governance structure transitioned to a "Company with Nomination Committee, etc." aiming for a monitoring model. Renesas affirms its commitment to continuous improvement in corporate governance to foster sustainable growth and stakeholder value.