AmBank Group is granting a RM84 million financing facility to Malaysia Steel Works (KL) Berhad to facilitate its technological transformation in being the most sustainable ultra-low GHG emission steel producer of steel bars and billets.
Masteel, a public listed company established since 1971 is the first ultra-low emission steel manufacturer in the nation listed on FTSE4Good Bursa Malaysia Index with 4 out of 4 stars for 2023.
Jamie Ling, Group Chief Executive Officer, AmBank Group said, “We are proud to support Masteel, a pioneer in green steel manufacturing. As we continue to navigate a rapidly evolving economic landscape, partnership like this signifies our joint commitment to ESG principles that include sustainable development while emphasizing the importance of integrating sustainability into business strategies. AmBank Group acknowledges Masteel’s achievements and is eager to contribute to the company’s ongoing success in the realms of ESG.”
Masteel became Malaysia’s most sustainable ultra-low GHG emissions integrated steel mill with the award by Bursa Malaysia with the highest score of 4 stars in ESG Rating, which is amongst the top 25% public listed companies in FBM EMAS that have been assessed by FTSE Russell, a member of the London Stock Exchange Group.
