"Steel is our business. Excellence is our commitment"
Since the initiation of our reporting in FY2017, Leon Fuat has consistently dedicated efforts to improving our sustainability disclosures. The Group has increasingly emphasised the integration of robust business practices and initiatives with our ESG aspirations, resulting in further advancements towards our sustainability goals. Over the past seven (7) years, our journey has reflected our progression, positioning the Group on a promising path towards attaining our sustainability objectives.
Leon Fuat's sustainability journey is outlined in the figure below:
In FY2023, we established a Board-approved Sustainability Policy across Leon Fuat's three (3) main subsidiaries. This policy serves as a guiding framework based on our four (4) pillars: Responsible Governance, Economic Prosperity, Environmental Stewardship and Social Responsibility. The Group also incorporated greenhouse gas mitigation commitments into our policy, facilitating our transition to a low-carbon future.
Leon Fuat places great emphasis on understanding our stakeholders' expectations. We recognise that their perspectives are fundamental to our decision-making, with successful engagement strengthening our reputation as a trusted steel specialist. As a result, we cultivate robust relationships with our stakeholders through proactive engagement across multiple channels. This enables us to gain insight into the material concerns most important to them. Overall, we gain a great awareness of their needs and interests, further refining our goals and sustainability initiatives to better serve them.
Read MoreThe United Nations ("UN") established the 2030 Agenda for Sustainable Development, with the seventeen (17) Sustainable Development Goals ("SDGs") at its core. It is a global call to action aimed at addressing and overcoming the challenges that people and the planet face.
Aligned with the 2030 Agenda for Sustainable Development, Leon Fuat has embraced seven (7) UN SDGs and their corresponding targets that are relevant to our steel trading and processing operations. This reaffirms our dedication to the worldwide effort of fostering peace and prosperity for both humanity and the environment.
Steel, an indispensable part of human civilisation, comprises key components of our infrastructure, transportation, everyday appliances and even lifesaving surgical instruments. As a specialised steel trading, processing and manufacturing company, we at Leon Fuat Berhad are dedicated to pursuing operational excellence while making a sustainable impact within this important industry.
We are honoured to present our Sustainability Report for the financial year 2023. This report provides insights into our ongoing sustainability journey within the steel industry. It elaborates on the environmental, social and governance ("ESG") developments that shaped our operations during this period and the strides we have taken to advance the steel industry's contribution to a more sustainable world.
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