Favelle Favco Bhd 2019 AR2
The report outlines Favelle Favco Berhad's sustainability and financial performance for the fiscal year 2019. The company achieved a turnover of RM688 million and a profit after tax of RM90 million, driven by its crane and intelligent automation divisions. On the sustainability front, the company formalized its governance structure under the Risk Management Committee and conducted a materiality assessment to identify key economic, environmental, and social issues. Key environmental initiatives included installing transparent roof cladding and solar power at the Senawang facility to reduce energy consumption, and implementing water curtains for emission control. Additionally, the company supported local communities through job creation, vocational training sponsorships, and donating protective equipment to Sungai Buloh hospital during the COVID-19 crisis.
Company: Favelle Favco Bhd
Sector: Industrials
Country: Malaysia
Year: 2019
Type: AR2
Pages: 137
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Favelle Favco Bhd
Annual Report
The report outlines Favelle Favco Berhad's sustainability and financial performance for the fiscal year 2019. The company achieved a turnover of RM688 million and a profit after tax of RM90 million, driven by its crane and intelligent automation divisions. On the sustainability front, the company formalized its governance structure under the Risk Management Committee and conducted a materiality assessment to identify key economic, environmental, and social issues. Key environmental initiatives included installing transparent roof cladding and solar power at the Senawang facility to reduce energy consumption, and implementing water curtains for emission control. Additionally, the company supported local communities through job creation, vocational training sponsorships, and donating protective equipment to Sungai Buloh hospital during the COVID-19 crisis.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees