ABx Group unveils its first-ever ESG report, supported by Socialsuite

The high-tech Australian company ABx Group, which delivers materials for a cleaner future, has announced the publication of its baseline Environmental, Social, and Governance (ESG) report, prepared with assistance from Socialsuite.

Socialsuite is a global leader in impact technology. Founded in 2014 in Melbourne, it has offices in Australia, the United States, and Canada. Socialsuite’s purpose is to help organisations show the change they are making. Socialsuite develops and provides technology solutions to measure and manage social impact and ESG reporting.

Dr Mark Cooksey, the MD and CEO of ABx Group, said, "I am pleased to introduce ABx's first ESG disclosure report, an important milestone on our pathway to improving our ESG metrics."

"As part of our purpose of 'delivering materials for a cleaner future', ABx is committed to the principles of ESG. We believe that taking appropriate actions that improve our ESG metrics will advance our business and create value for shareholders."

"The Board is committed to ESG reporting on a regular basis, sharing our progress and improvements to creating long-term value for all our stakeholders."

In October 2023, the Company announced its commitment to disclose information according to the World Economic Forum (WEF) Stakeholder Capitalism framework. This framework includes 21 core metrics designed for sustainable value creation and integrates various existing frameworks. It is intentionally crafted to serve as a foundation for building capacity and capability in ESG (Environmental, Social, and Governance) reporting. This allows ABx to report on key ESG issues such as governance, anti-corruption practices, ethical behaviour, human rights, carbon emissions, land use, ecological sensitivity, water consumption, diversity and inclusion, pay equality, and tax payments.

ABx has subscribed to the Socialsuite reporting platform to facilitate the initial ESG gap analysis and prepare the baseline report. The company will now concentrate on implementing measures to enhance its ESG metrics. The Socialsuite platform offers investors and other stakeholders an efficient way to evaluate the company's commitment and progress in improving ESG outcomes.

Click here to get a copy of the Baseline ESG Disclosure report