KUALA LUMPUR: FSBM Holdings Bhd
plans to utilise up to 10% of its revenue to develop an energy consumption tracing system for companies to solidify their environmental, social, and governance portfolio.
FSBM managing director Pang Kiew Kun said the company embarked on the project last year to build a system that can extract, process and analyse real-time data on clients’ energy consumption.
Some companies continue to record data manually. An automated system will be able to collect, process and analyse data, he told the media after the company’s AGM yesterday.
FSBM said in a separate statement that the company is no longer a PN17 status company effective June 21, 2024.
“The group has expanded its team and is pursuing new partnerships and contracts,” Pang said.
