VS Industry on track with sustainability framework

Maybank IB Research remained cautious on VSI’s outlook as demand for consumer electronic products was expected to remain muted due to a weaker global economy.

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.