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MASTEEL SUSTAINABILITY

Masteel Sustainability Achievements

SDGs

SDG Targets We are Contributing Towards

Our Achievements

Our operations adhere to a rigorous health and safety management system that proactively identifies workplace hazards and risks, prioritising injury reduction and fatality prevention.

  • Zero work related fatality.
  • Total loss time incident is 0.00 a significant achievement in FY2024.

We foster continuous learning through employee training and university partnerships, equipping youth with employability and entrepreneurship skills. Masteel also supports CCUS research, driving sustainable innovation.

  • Initiated Masteel Sustainability Grants
  • Donated RM100,000.00 to the Ti-Ratana Welfare Society to aid in child welfare and educational support.
  • Sponsored RM131,500.00 to MGTC to build 1-tonne CO2 cube.
  • Sponsored RM200,350.00 to IDEAS for Carbon Pricing for Malaysia Steel Industry policy paper research.

We’ve implemented best practices for water recycling, achieving zero wastewater discharge and maximising water-use efficiency. This supports sustainable freshwater management and helps mitigate water scarcity.

  • Rainwater harvesting system at Petaling Jaya and Bukit Raja plant.

We’ve invested in feasibility studies for advanced technologies to optimise energy use and efficiency, including solar panel installations and technological advancement in our operations in supporting a greater shift toward renewable energy and energy saving initiatives.

  • Undertook a feasibility study to explore the potential of solar energy as a renewable source for daily operations.
  • Established an Energy Management Policy.
  • Obtaining ISO 50001:2018 Energy Management Systems Certification

We uphold good governance by enforcing human rights and labour policies to ensure fair treatment of employees. Our approach enhances productivity, creates quality jobs, fosters entrepreneurship, and supports SMEs, ultimately increasing employment and reducing youth unemployment.

  • Established various policies such as Human Rights Policy, Prevention of Forced Labour Policy, Prevention of Child Labour Policy and Remuneration Policy.
  • Initiated Masteel Sustainability Grants.

We integrate cutting-edge technologies to enhance operational efficiency and drive sustainable industry upgrades. Our focus is on optimising resources and adopting clean, green solutions, inspiring nations to contribute within their capacities.

  • Complete the switch from Electric Arc Furnace to Induction Furnace in steel production.

We actively engage local staff and contractors while supporting charity events to strengthen community involvement. Our efforts focus on minimising urban environmental impacts, improving air quality, and enhancing waste management.

  • No instances of non-compliance with environmental regulations.
  • Donated RM100,000.00 to the Ti-Ratana Welfare Society to aid in child welfare and educational support.
  • A RM331,850 sponsorship was provided to IDEAS and MGTC to support climate-related research and initiatives.

We prioritise sustainable resource management by utilising scrap steel as our primary raw material, minimising waste through prevention, reduction, recycling, and reuse.

  • Complete the switch from Electric Arc Furnace to Induction Furnace in steel production.
  • Implementing Continuous Casting Machine for reheating billets.

We are committed to transparently reporting our Scope 1, 2, and 3 GHG emissions and investing in solutions to reduce our carbon footprint. Our strategy integrates climate action while promoting education on mitigation, adaptation, and resilience.

  • Obtained to ISO14064
  • Conducted training on sustainability reporting and climate change mitigation for both employees and suppliers.

We uphold strong governance by enforcing our Anti-Bribery and Anti-Corruption Policy across all employees and third-party affiliates, striving to eliminate corruption and bribery. Our goal is to build effective, accountable, and transparent institutions at all levels.

  • Established Anti-Bribery and Anti-Corruption Policy.
  • Zero corruption case reported.
  • Foster workforce diversity.

We actively collaborate with organisations committed to ESG principles, enhancing policy alignment for sustainable development.

  • Partnership with MGTC to build 1- tonne CO2 cube.
  • Partnership with IDEAS for Carbon Pricing for Malaysia Steel Industry policy paper research.
  • Partnership with UTAR to establish Masteel Sustainability Grants.