Eye on ESG, FYI Resources (ASX:FYI) joins UN Global Compact - Kalkine Media

December 12, 2022 03:15 PM AEDT | By Ankur Jaiswal
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  • FYI Resources (ASX:FYI) is now a member of the United Nations Global Compact.
  • The development highlights the company’s commitment to implementing universal sustainability principles.
  • The company believes this membership furthers its ESG commitments to sustainable development.
  • FYI considers that UN sustainability principles align strongly with its goal to produce innovative low-carbon high purity alumina.

FYI Resources Limited (ASX:FYI), an emerging critical minerals company, is now a part of the United Nations Global Compact.

The development is part of the company’s commitment to boosting its Environmental, Social and Governance (ESG) credentials. With this move, the company aims to implement universal sustainability principles and UN objectives via the development of its critical minerals project.

Notably, the company is focused on tapping the burgeoning opportunities in the rapidly developing high-tech product markets with the production of 4N and 5N high purity alumina (HPA). The company is engaged in developing its innovative, high-quality, ultra-pure HPA project.

To know more about the company’s HPA project, read here  

What does this development mean for FYI Resources?   

The United Nations Global Compact represents a network of more than 16,000 businesses from over 60 countries.

All these businesses are committed to sharing best practices and emerging solutions for continued global improvements in the Environmental, Social and Governance field.

(Source: Company update, 12 December 2022)

As part of this membership, FYI Resources will subscribe to implementing the UN SDG goals as its ESG framework. The company believes these SDG goals are key to its commitment to a sustainable future.

The company considers that UN sustainability principles align strongly with its goal to produce innovative low-carbon high purity alumina.  

FYI Resources Managing Director Mr Roland Hill commented:

(Source: © 2022 Kalkine Media® | Data Source: Company update, 12 December 2022)

Share price information: FYI shares were trading at AU$0.145 midday on 12 December 2022.   

Read here what were the major developments at FYI Resources in the September 2022 quarter.


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