Malaysia Steel Works (KL) Bhd 2024 SR
The report highlights Malaysia Steel Works (KL) Bhd's (Masteel) commitment to sustainability, achieving a Platinum Sustainability Rating from RAM Sustainability in 2024. The company successfully transitioned to induction furnace technology, significantly reducing carbon intensity and eliminating fossil fuel use in billet heating. Masteel reported comprehensive Scope 1, 2, and 3 emissions, aligning with IFRS S1 and S2 standards. Key achievements include zero workplace fatalities, a 7.1% reduction in electricity consumption, and the implementation of rainwater harvesting systems. Masteel also established the Masteel Sustainability Grants to support research in Carbon Capture, Utilisation, and Storage (CCUS).
Company: Malaysia Steel Works (KL) Bhd
Sector: Manufacturing
Country: Malaysia
Year: 2024
Type: SR
Pages: 164
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Malaysia Steel Works (KL) Bhd
Sustainability Report
The report highlights Malaysia Steel Works (KL) Bhd's (Masteel) commitment to sustainability, achieving a Platinum Sustainability Rating from RAM Sustainability in 2024. The company successfully transitioned to induction furnace technology, significantly reducing carbon intensity and eliminating fossil fuel use in billet heating. Masteel reported comprehensive Scope 1, 2, and 3 emissions, aligning with IFRS S1 and S2 standards. Key achievements include zero workplace fatalities, a 7.1% reduction in electricity consumption, and the implementation of rainwater harvesting systems. Masteel also established the Masteel Sustainability Grants to support research in Carbon Capture, Utilisation, and Storage (CCUS).
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
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