The independent ESG rating service company, Sustainalytics, a
The ratings are comparable across cohorts and measured against a universe of approximately 14,000 global industry participants including a sub-industry category of 153 direct peer and competitor companies The Sustainalytics rating process has provided FYI with a revised ESG score of 23.8 (initial ESG rating of 28.0 out of 100) and a ranking of 5th (previously 9th) out of 153 peers and a top quartile of 4th percentile (previously 6th percentile). Of note, FYI was top ranked in 3 categories and top 5 ranking in a further 5 categories.
Managing Director of FYI, Mr.
FYI's appointed ESG director, Dr
At FYI, a proactive approach has been taken to report and integrate ESG into the company's growth agenda, driven by broader consumer and stakeholder attention. Both executive and investors alike also contribute to the drive by realising that a forward thinking and strong ESG strategy can safeguard FYI's long-term success. FYI is exceptionally proud of its ESG achievement so far and it will continue to apply both an ESG and economic overlay to the Company to ensure its long-term sustainability. We are confident that this will greatly enhance shareholder value as we continue the development of the Company's innovative, high quality, ultra-pure HPA project.'
ESG disclosure progress FYI's ESG commitments are structured around our corporate values and key areas relevant to our business. These progress and disclosures are captured under the four pillars of the
Our ESG framework not only provides transparency over our own ESG management and activities, but it also includes full traceability of our entire integrated supply chain. This not only allows for the verification of the quality and ethical origins of our HPA, but also ensures that our work has the full confidence of our stakeholders as we continually seek to improve.
What is ESG
ESG refers to the three central criteria of the sustainability and societal impact of a company. The
Analysis of these criteria is thought by some to help to better determine the future financial performance and potential investment merit in a company and to promote a sustainable business model and assist with our contribution in fundamentally reshaping the global economy with a change to our attitude and mindset via the goal to achieve net zero carbon emissions
Contact:
Tel: +61 414 666 178
Email: roland.hill@fyiresources.com.au
About
FYI's is positioning itself to be a significant producer of 4N and 5N HPA in the rapidly developing high-tech product markets. FYI applies both an ESG and economic overlay of the Company and its operations to ensure long-term sustainable and shareholder value is created via the development of the Company's innovative, high quality, ultra-pure HPA project. HPA is increasingly becoming the primary sought-after input material for certain high-tech products principally for its unique properties, characteristics and chemical properties that address those applications high specification requirements such as LED's and other sapphire glass products. The longer-term driver for HPA, with forecasts of >17% CAGR, is the outlook for the burgeoning electric vehicle and static energy storage markets where the primary function is in the use as a separator material between the anode and cathode in batteries to increase power, functionality and safety of the battery cells. The foundation of the HPA strategy the Company's moderate temperature, atmospheric pressure innovative process flowsheet. The strategy's quality attributes combine resulting in world class HPA project potential
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