Melewar Industrial Group Bhd 2023 Annual Report with Sustainability Disclosures
Company: Melewar Industrial Group Bhd
Sector: Manufacturing
Country: Malaysia
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 238
The report describes a difficult FY2023, with Group revenue declining to RM549.7 million amid weaker steel demand and prices. It presents a formal sustainability governance structure in which the Board holds ultimate oversight through the Risk & Sustainability Committee. Environmental highlights include solar generation and approximately 9% solar energy in the Group's overall power consumption, alongside a carbon-neutral roadmap to 2050. The report also states that its sustainability disclosures were not subjected to independent assurance.
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