FYI adopts ESG framework for ultra-pure alumina refining

2 minute read

By Trevor Hoey. Published at Jun 7, 2021, in Technology

As major corporations across the globe recognise the importance of adopting a sound ESG platform, emerging high purity alumina group FYI Resources Ltd (ASX:FYI; OTCQB: FYIRF; FSE: SDL) informed the market that it has adopted an Environmental, Social and Governance (ESG) framework, aligning with the 21 core metrics and disclosure requirements created by the World Economic Forum.

FYI will now apply both an ESG and economic overlay to the company to ensure both shareholder and long-term sustainable benefits are gained from the development of its innovative, high-quality, ultra-pure HPA project.

The benefits of adopting these standards can positively impact a company’s investment profile as adhering to an ESG framework is being valued by retail and institutional investors, as well as other important corporate partners such as financiers.

Highlighting the emphasis that is being placed on adherence to these standards, global sustainable investment is now approaching $30 trillion and investors are taking an increasing interest in how a company manages and takes responsibility for its operations and corporate activities.

Integral to high quality, ultra-pure alumina refining

With a view to promoting transparency in this area, management will shortly release its first ESG progress dashboard, including quarterly progressive ESG action plans.

Socialsuite is providing an ESG reporting platform, enabling the measurement and reporting of key sustainable metrics and improvements on a quarterly basis, the first of which will be due shortly.

Discussing the process and how it will align with the successful development of the group’s ultra-pure alumina refining process, FYI managing director Roland Hill said, “FYI’s whole ethos is focused on innovation, quality and improvement of standards as reflected in the successful development of our high quality, ultra-pure alumina refining process.

"As a company, we seek to adopt leading ESG processes, practices and governance standards in a manner consistent with our developing company status and culture.

"We are making positive moves to transition the company to a sustainable model and assist with our contribution in fundamentally reshaping the global economy with a change to our attitude and mindset via the goal to achieve net-zero carbon emissions.”

For more about companies adopting ESG reporting practices read: ASX Companies increasingly adopting this practical ESG standard

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!