Malaysia Steel Works (KL) Bhd 2023 SR
The report highlights Masteel's sustainability performance for FY2023, emphasizing its transition to ultra-low GHG emission technologies like induction furnaces. Key achievements include a 4% reduction in water consumption through rainwater harvesting and a significant decrease in Scope 1 emissions due to updated calculation methodologies. The company achieved a 4-star ESG rating from FTSE Russell and was recognized as a Gold Winner at The Edge Malaysia ESG Awards. Masteel also joined the UN Global Compact and aligned its reporting with TCFD and ISSB standards. Future goals include a 10% GHG reduction by 2026 and achieving net-zero emissions by 2050.
Company: Malaysia Steel Works (KL) Bhd
Sector: Manufacturing
Country: Malaysia
Year: 2023
Type: SR
Pages: 132
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Malaysia Steel Works (KL) Bhd
Sustainability Report
The report highlights Masteel's sustainability performance for FY2023, emphasizing its transition to ultra-low GHG emission technologies like induction furnaces. Key achievements include a 4% reduction in water consumption through rainwater harvesting and a significant decrease in Scope 1 emissions due to updated calculation methodologies. The company achieved a 4-star ESG rating from FTSE Russell and was recognized as a Gold Winner at The Edge Malaysia ESG Awards. Masteel also joined the UN Global Compact and aligned its reporting with TCFD and ISSB standards. Future goals include a 10% GHG reduction by 2026 and achieving net-zero emissions by 2050.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees