- First Resources has made commendable progress the past 2 years in its “E” initiatives but still lags peers in setting medium and long term “E” targets/ commitments.
- - Read this at SGinvestors.io -
Reducing emissions; but lacking long term “E” targets
- Over the past 2 years, First Resources has made improvements in its GHG disclosures, which included disclosing Scope 1 & 2 emissions at the group level (and not just operating units). In 2024, its plans to disclose its Scope 3 emissions.
- First Resources has a Sustainability Policy (since 2015) which sets out its commitments on “no deforestation” and “no new planting on peatland of any depth” in addition to zero burning policy.
- - Read this at SGinvestors.io -
100% RSPO certification target by 2026 intact
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Ong Chee Ting CA Maybank Research | https://www.maybank.com/ 2024-10-14
Read also Maybank's most recent report:
2024-11-15 First Resources - 9M24 results Ahead Of Expectations.
Price targets by 3 other brokers at First Resources Target Prices.
Listing of research reports at First Resources Analyst Reports.
Relevant links:
First Resources Share Price History,
First Resources Announcements,
First Resources Dividends & Corporate Actions,
First Resources News Articles
