Magontec Ltd 2022 Annual Report with Sustainability Disclosures
Company: Magontec Ltd
Sector: Manufacturing
Country: Australia
Year: 2022
Type: Annual Report with Sustainability Disclosures
Pages: 92
The report presents 2022 as a year of strong financial performance, with Group sales of 158,600 $'000 and net profit after tax of $16.5 million. It describes Board-level oversight of environmental and social matters and reports renewable energy inputs of 57.4% across Magontec's operations. The ESG section records four lost-time injuries among 320 employees and highlights ongoing efforts to improve workplace safety. It also discusses Magontec's recycling operations and investment in lower-emission magnesium production.
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