Business Insider

Corporate News

FSBM to solidify its sustainability portfolio

KUALA LUMPUR: FSBM Holdings Bhd plans to utilise up to 10% of its revenue to develop an energy consumption tracing system for companies to solidify their environmental, social, and governance portfolio.

FSBM managing director Pang Kiew Kun said the company embarked on the project last year to build a system that can extract, process and analyse real-time data on clients’ energy consumption.

Some companies continue to record data manually. An automated system will be able to collect, process and analyse data, he told the media after the company’s AGM yesterday.

FSBM said in a separate statement that the company is no longer a PN17 status company effective June 21, 2024.

“The group has expanded its team and is pursuing new partnerships and contracts,” Pang said.

Related Posts

CBH Engineering to use listing funds to buy equipment

ACE Market-bound CBH Engineering Holding Bhd will be utilising its listing proceeds for the procurement of equipment and components for mechanical and electrical (M&E) engineering works and to free up its internally generated funds.

KPJ’s core earnings surge 71% in 4Q23

PETALING JAYA: KPJ Healthcare Bhd’s earnings growth is expected to be driven by its gradual expansion into the health-tourism segment, resilient domestic patient volumes and the government’s emphasis on inter-sectoral collaboration.

The pursuit of sustainability by Westports

KUALA LUMPUR: Westports Holdings Bhd is all set to go green with the development of the Westports 2 (WP2) container terminal, for which it has secured a 58-year extension until 2082 as it is actively testing and evaluating the electrification of port vehicles and equipment as part of its commitment to sustainability.