Industrial development must balance environmental responsibility, says Bruneian finance minister


Minister Datuk Seri Setia Dr Awang Mohd Amin Liew Abdullah delivers his speech. - Photo: Borneo Bulletin/ANN

BANDAR SERI BEGAWAN: Fertilisers play a vital role in supporting agriculture and global food security, Minister of Finance II Datuk Seri Setia Dr Awang Mohd Amin Liew Abdullah said.

The minister was speaking as the guest of honour at an event where BFI Saturday (Nov 14) launched its inaugural Environmental, Social and Governance (ESG) Report.

He said BFI also recognises that operating in an energy-intensive industry brings responsibilities, particularly in managing its environmental impact.

“This is why the company must continue to look at ways to improve its operations, use resources more efficiently and adopt more sustainable practices.”

Dr Awang, who is also chairman of BFI, added; "Since it first started operations in 2022, the company has grown to become one of Southeast Asia’s leading producers of nitrogen fertilisers and industrial chemicals.

"This is something worth recognising, not only as an achievement for BFI, but also for its contribution to Brunei Darussalam’s downstream industrial development.

"With this growth, comes the responsibility for BFI to operate its plant in a way that benefits the community, respects the environment and contributes to the nation."

He emphasised, “BFI must be prepared to adapt while remaining competitive and reliable. This means paying attention not only to operational performance and environmental and social responsibilities, but also to the way the company is governed and managed.”

Beyond its industrial contribution, he said, "The company also creates opportunities for local businesses, develops Bruneian talent and builds capabilities that are important for the country’s future.

"Its efforts in promoting workplace safety, managing environmental impacts and supporting the wider community further demonstrate that industrial development must go hand in hand with social and environmental responsibility.

"In this way, BFI’s contribution to Brunei extends beyond its business operations and supports the country’s longer-term development."

Minister of Development Datuk Seri Setia Awang Muhammad Juanda Abdul Rashid also attended. - Borneo Bulletin/ANN

 

 

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