For the seventh consecutive year, Masan High-Tech Materials has earned this distinction, demonstrating its unwavering commitment to integrating sustainability standards into its operations.
The 2024 CSI Index comprises 153 indicators, divided into two levels: Core and Advanced. Honorees like Masan High-Tech Materials not only comply with legal requirements but also demonstrate their commitment to building a healthy business ecosystem that ensures long-term, sustainable benefits for partners and other stakeholders.
CEO Craig Bradshaw commented, “I appreciate the updates to the CSI100 program, which provide an objective and comprehensive assessment of businesses in this new era. This recognition fuels our drive to continue innovating and spreading sustainable values, striving for a brighter future for our community and the environment.”
CLOSED-LOOP PRODUCTION: THE KEY TO GREEN GROWTH
As a high-tech materials manufacturer, Masan High-Tech Materials continuously applies modern technology and closed-loop production processes at the Nui Phao tungsten mine and the Vonfram Thailand Deep Processing Plant to optimize resources and minimize environmental impact.
The company sets itself apart by pioneering the implementation of the 3R model (“Reduce, Reuse, Recycle”) in its operations. Approximately 7.8 million cubic meters of wastewater is reused for production, accounting for 76.1% of the total water consumption. The waste recycling rate exceeds 80% at the high-tech plant.
Moreover, Masan High-Tech Materials is focused on developing green products for the renewable energy sector while optimizing energy efficiency to drive the green transition in the global tungsten industry.
SOCIAL RESPONSIBILITY AND EFFECTIVE GOVERNANCE
Alongside environmental protection, Masan High-Tech Materials prioritizes corporate social responsibility. As one of the largest taxpayers in Thai Nguyen Province, the company contributes over VND 1,000 billion annually to the state budget and allocates USD 1 million for economic, cultural, and social development projects in the region.
The company also emphasizes social welfare and community development activities, allocating an annual budget of VND 3-4 billion to support local infrastructure development and improve the quality of life for residents. For two consecutive years, 2023 and 2024, the company has been certified as a “Great Place to Work” by the Great Place To Work organization, recognizing its relentless pursuit of a people-centric development strategy.
Integrating ESG into its development strategy and practical operations has enabled Masan High-Tech Materials to better manage risks. The company’s corporate governance has been highly regarded for its objective and independent risk management and internal control processes.
COMMITMENT TO A SUSTAINABLE DEVELOPMENT STRATEGY
Social development, environmental protection, and corporate governance are pillars that Masan High-Tech Materials prioritizes alongside its business operations. Adhering to high ESG standards demonstrates the company’s long-term vision and intrinsic value.
Being recognized in the CSI100 program for seven consecutive years, Masan High-Tech Materials has proven that sustainability is not just a responsibility but a core value that shapes the company’s identity.
With a long-term vision, Masan High-Tech Materials is committed to continued innovation and improvement to create sustainable values for the community, the environment, and society.
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