Faisal Spinning Mills Ltd 2024 AR2
The report outlines Faisal Spinning Mills Limited's financial and ESG performance for the fiscal year ended June 30, 2024. Facing severe economic challenges, high inflation, and increased energy costs, the company recorded a net loss of PKR 1,383,771,394 despite achieving a 20 percent growth in sales. To mitigate these challenges and reduce its carbon footprint, the company implemented renewable energy initiatives, including 2.5 MW of solar power and an approved 4.8 MW wind project. Additionally, the company operates a wastewater treatment plant with a capacity of 125 m3/day and has introduced social initiatives such as an on-site daycare facility and comprehensive health coverage for employees.
Company: Faisal Spinning Mills Ltd
Sector: Consumer Discretionary
Country: Pakistan
Year: 2024
Type: AR2
Pages: 104
Faisal Spinning Mills Ltd
Annual Report
The report outlines Faisal Spinning Mills Limited's financial and ESG performance for the fiscal year ended June 30, 2024. Facing severe economic challenges, high inflation, and increased energy costs, the company recorded a net loss of PKR 1,383,771,394 despite achieving a 20 percent growth in sales. To mitigate these challenges and reduce its carbon footprint, the company implemented renewable energy initiatives, including 2.5 MW of solar power and an approved 4.8 MW wind project. Additionally, the company operates a wastewater treatment plant with a capacity of 125 m3/day and has introduced social initiatives such as an on-site daycare facility and comprehensive health coverage for employees.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Employees