First Resources - Maybank Research 2024-10-14: Lagging Long Term “E” Targets For ESG 2.0

• 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 an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-11-16 First Resources 9M25 - A Resilient Performance.

Previous report by Maybank:
2025-08-15 First Resources - A Stellar 1H25 Performance.

Price targets by 2 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 Dividend Payout Dates & Corporate Actions,
First Resources News