Malaysia Steel Works (KL) Bhd (Masteel) is advancing sustainable steel production, earning recognition at the ESG Positive Impact Awards 2023 for its green initiatives. The company has significantly reduced its carbon footprint, through the use of renewable energy and induction furnaces. Masteel is also the first Malaysian steel mill to be included in the FTSE4Good Bursa Malaysia Index, reflecting its leadership in ESG practices.
The company emphasizes transparency, having adopted the Task Force on Climate-related Financial Disclosures (TCFD) and International Sustainability Standards Board (ISSB) frameworks. Masteel collaborates with suppliers to promote sustainability across its value chain and utilizes technology to monitor and improve its ESG performance. Committed to reaching net-zero emissions by 2050, Masteel is setting new industry standards and contributing to a greener future.
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