Favelle Favco Bhd 2023 AR2
The report highlights Favelle Favco Berhad's financial and sustainability performance for the fiscal year 2023. Financially, the company experienced a 28.57% increase in revenue to RM765 million, driven by recoveries in the shipyard and oil and gas sectors. On the sustainability front, the company advanced its environmental initiatives by installing solar power systems and transparent roof cladding at its Senawang facility to reduce energy consumption. Additionally, the company maintained a strong focus on workplace safety, reporting zero work-related fatalities and training all 508 employees on health and safety standards. The company also aligned its operations with several UN Sustainable Development Goals, including climate action and gender equality.
Company: Favelle Favco Bhd
Sector: Industrials
Country: Malaysia
Year: 2023
Type: AR2
Pages: 153
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Favelle Favco Bhd
Annual Report
The report highlights Favelle Favco Berhad's financial and sustainability performance for the fiscal year 2023. Financially, the company experienced a 28.57% increase in revenue to RM765 million, driven by recoveries in the shipyard and oil and gas sectors. On the sustainability front, the company advanced its environmental initiatives by installing solar power systems and transparent roof cladding at its Senawang facility to reduce energy consumption. Additionally, the company maintained a strong focus on workplace safety, reporting zero work-related fatalities and training all 508 employees on health and safety standards. The company also aligned its operations with several UN Sustainable Development Goals, including climate action and gender equality.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
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
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees