Leon Fuat's commitment to sustainability is embedded in the Group's Values by integrating its responsibility towards planet Earth with its operations and business strategies, ensuring the health and safety of people at workplaces while balancing economic prosperity and generating social benefits for the community. This approach balances the Group's aspiration to create value as a steel industry benchmark with its responsibility as a corporate citizen.
"Steel is our business. Excellence is our commitment"
Leon Fuat strives to be the steel industry benchmark for value creation, corporate citizenship and business ethics. Together, with our stakeholders, we are building a sustainable enterprise that's capable of standing the test of time. The basis of our shared values is as follows:
Ever since we started our Sustainability Journey in FY2017, Leon Fuat has strived to continuously improve its sustainability disclosures. We demonstrate how our business activities align with our sustainability agenda, and reflect Leon Fuat's sustainability performance and initiatives from 4 perspectives: Governance, Economic, Environmental and Social.
Leon Fuat's sustainability journey is outlined in the figure below:
At Leon Fuat, we consider our stakeholders as partners in long-term value creation. We have developed a robust stakeholder engagement process to foster and nurture relationships, which helps improve strategy development and decision-making.Read More
As a member state of the United Nations ("UN"), Malaysia is committed to the UN's Sustainability Agenda 2030 and the Sustainable Development Goals ("SDGs"). We identified 7 SDGs that our business can effectively contribute towards. In the illustration below, we have mapped our initiatives to the relevant SDGs.
As global initiatives in promoting responsible business gathers momentum, Leon Fuat Berhad as one of Malaysia's leading companies in the steel industry, stands proud for its environmental, social and governance ("ESG") standards. Our sustainability agenda is based on four (4) themes:
Leon Fuat strides forward in this direction with renewed commitment to our material sustainability matters by introducing climate change initiatives as a new material matter for the financial year ended on 31 December 2021. Leon Fuat's commitment to sustainable development and sustainable growth for the Group is amply reflected in this Fifth Annual Sustainability Statement.