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01 JULY 2021 AL CIRCLE

FYI Resources engages Socialsuite to establish and maintain a tailored ESG reporting platform

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The Australian listed resources company, FYI Resources, which is focused on developing an innovative and vertically integrated high quality, high-purity alumina for use in various high growth tech applications has developed an independent environmental, social, and governance (ESG) reporting platform to centralize the company’s ESG data and assist in managing key metrics.

FYI Resources engages Socialsuite to monitor ESG

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FYI has engaged Socialsuite, the globally acknowledged ESG impact monitoring technology company to establish and maintain a tailored reporting platform, following the awarding of an excellent independent ESG rating and to pursue building on its ESG credentials.

The ESG platform will serve the company to effectively measure, monitor, and report on its ongoing ESG progress.

FYI will monitor and track its ESG progress quarterly to demonstrate positive ESG metric developments and compare them against the industry peer group bringing into play the Socialsuite platform.

Roland Hill, Managing Director, FYI Resources said: “With corporate governance continually evolving and a growing emphasis on businesses aligning with strong ESG objectives, FYI has made the commitment to continue developing and reporting on its sustainability improvement actions and the managing natural resources chain.”

“There is growing evidence that companies that align their long-term corporate goals to strong ESG objectives are more likely to create long term sustainable value.”

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The Socialsuite reporting platform will provide the following quarterly:

  • Measure and benchmark the progress of FYI’s ESG program;
  • Build upon pre-built templates to assess FYI’s internal ESG goals and initiatives;
  • Flag and manage internal and third-party ESG risk using pre-built assessment templates and an independent central third-party data exchange;
  • Help drive positive ESG outcomes for FYI; and
  • Provide the public with simple, transparent quarterly progress reports.

At the end of the June 2021 quarter, the initial Socialsuite ESG dashboard report for FYI will be released.

 

Tagged with:

Aluminium Australia

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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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