SOCIAL
CORPORATE SOCIAL RESPONSIBILITY
At Masteel, we remain steadfast in our commitment to actively engage with and contribute to society through our robust Corporate Social Responsibility (CSR) program. In FY2023, our dedicated efforts translated into a substantial contribution of RM100,000.00 to Ti-Ratana Welfare Society.
Ti-Ratana Welfare Society is an organisation dedicated to the welfare of children, women, senior citizens, and healthcare programs. Through our collaboration with them, we aim to make a positive and lasting impact on the lives of more than 500 individuals across these critical sectors. By addressing the unique needs of these demographics, we contribute to the well-being and development of the communities we serve.
Our commitment extends beyond financial contributions, encompassing a holistic approach that actively involves our team members. In FY2023, we ramped up our efforts by engaging our employees in roughly 900 hours of CSR programs. We believe that sustainable change is achieved through collective efforts, and as such, our employees actively participate in various volunteer and outreach programs organized in conjunction with our CSR initiatives. This engagement not only strengthens our bond with the communities but also allows us to gain a deeper understanding of their needs, thereby enabling us to tailor our CSR efforts more effectively.
As Masteel moves forward, we uphold the belief that responsible business and community development are interconnected. Through investments in social programs and collaborations with partners like the Ti-Ratana Foundation, we aim to spark lasting social change and enhance society as a whole.
MASTEEL GREEN INITIATIVES
VOLUNTARY CARBON MARKET
MEMORANDUM OF COLLABORATION (“MOC”)
Masteel has entered into an MOC with Bursa Malaysia Information Sdn Bhd, marking the initiation of a strategic partnership. The collaboration is centered around conducting a Proof of Concept (“POC”) for both the Sustainability Reporting Platform and the Sustainability Financing Platform. This joint effort signifies a significant step towards enhancing sustainability practices within our operations and underscores our commitment to advancing responsible business practices and furthering our contributions to the realm of sustainability.
RAINWATER HARVESTING PROJECT
Masteel has taken proactive measures to reduce water consumption by implementing a rainwater harvesting system at both our Bukit Raja and Petaling Jaya plant. This initiative underscores our commitment to sustainable practices and environmental stewardship. By harnessing rainwater, we not only decrease our reliance on traditional water sources but also minimize our environmental footprint. This investment in water conservation aligns with our broader mission to operate responsibly and mitigate our impact on the environment.
HYDROPONIC VERTICAL FARMING
Masteel implements hydroponic vertical farming at the Bukit Raja plant since 2022. This sustainable practice promotes eco-friendly vegetable growth, reduces greenhouse gases, and enhances biodiversity without disturbing land surfaces. It aligns with Masteel’s commitment to ESG principles and promotes healthy eating habits among staff. Vegetables harvested are distributed to staff for free as part of corporate social responsibility initiatives.