PETALING JAYA: VS Industry Bhd
(VSI) has made progress in its environmental, social and governance (ESG) framework, but the gaps remained, says Maybank Investment Bank (Maybank IB) Research.
On a positive side, there is no evidence of identified controversies related to the electronic manufacturing services (EMS) provider’s three key ESG initiatives, namely building a responsible supply chain, reducing carbon emissions, and investing in capability, training and resources.
“It has a good track record and has made continuous efforts in improving its ESG strategies as reflected in its rating improvement appraised by the independent agencies,” the research house said in a report yesterday.
...