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FYI Resources appoints Non-Executive Director with extensive ESG exposure

Summary 

  • FYI Resources Limited has appointed Dr Sandy Chong as a Non-Executive Director of HPA player.
  • FYI is progressing towards becoming a significant player in the high-purity alumina (HPA) market amid rising demand from the burgeoning LED and electric vehicle market.
  • The appointment of Dr Chong will bring significant expertise to the ESG leadership at the Company

High-purity alumina producer FYI Resources Limited (ASX:FYI, OTC:FYIRF) has appointed Dr Sandy Chong as an independent non-executive director to support the Company in environmental, social, and governance (ESG)-related matters.

Notably, FYI is evolving towards becoming a significant player in the high-purity alumina (HPA) market amid rising demand for HPA in the burgeoning LED and electric vehicle market.

ESG aspects have gained significant importance in the past few years due to the increased focus on environmental emissions and sustainable development. Additionally, investors’ demand to draw more attention towards ESG-related matters has also kept ESG at the forefront.

Related Article: FYI Resources establishes a world-renowned ESG reporting platform

With a global rise in ESG awareness, the management of ESG-related risks and opportunities have become equally important to the Company’s operation and its future impacts on FYI’s bottom line.

Director with extensive ESG experience

Dr Sandy Chong has world-class experience in the field of strategic alliance, communications, philanthropy, ESG, and CSR. She is an alumnus of Harvard University and a winner of the 2020 Executive of the Year for the US Stevie® International Business Awards. Apart from this, she has also been crowned 2016 Singapore Management Consultant of the Year.

Also Read: FYI Resources (ASX:FYI) achieves outstanding scores in initial ESG rating

Furthermore, Dr Chong has also advised government trade agencies in Singapore and Australia, businesses and corporations in communication strategies, and the international market. She was also the founder and chairperson of the United Nations Association Sustainable Development Goals forums series in WA and working as an Adjunct Professor at the Curtin University of Technology.

The extensive experience of Dr Chong is not only limited to leadership roles, but she also holds vast experience in academia. She has published numerous journals in the field of Sustainability and Corporate Social Responsibility (CSR). Apart from this, she currently works as an active member in international trade and economic empowerment for women and youth. Dr Chong also bagged the award for Australia Community Citizen of the Year in 2020 and was shortlisted for Asia's Top Sustainability Women of the Year award in 2019 for her extraordinary role in Australia and abroad.

HPA project value through ESG framework

The appointment of Dr Chong will add significant experience to the ESG leadership at FYI and will help FYI to unlock the genuine project value through the ESG framework.

Dr Chong’s immense experience and skills will bring a vast set of expertise to the Company’s corporate governance and will help FYI to prioritise its ESG-related issues.

Strong ESG framework and strategies play a vital role in economic recovery and help companies to thrive in long term. It is believed that companies that perform well on ESG are better positioned for the long term and better prepared for future uncertainties.

Don’t Miss: FYI Resources (ASX:FYI) Joint HPA Pilot Plant Trial Samples Achieve 99.9986% Al2O3 Purity

The shares of the company traded at AU$0.795 per share, up 1.923% as of 12 August 2021 at 1:56 PM AEST.

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