Our 6th Sustainability Report covers the financial year ended 28 February 2026. Across environmental stewardship, social responsibility and governance, we continue to create long-term value while managing our impact on the communities and ecosystems where we operate.
Signed 12 June 2026 — presenting our 6th consecutive Sustainability Report covering the financial year ended 28 February 2026.
We recognise that sustainable growth requires not only strong governance but also continuous innovation, collaboration and accountability across our operations. In FY2026, we made meaningful progress on our longer-term decarbonisation goals — including commissioning solar photovoltaic systems at the Bukit Besi mine — while maintaining our commitment to zero fatalities, fair labour practices, and transparent governance.
We will continue to enhance our sustainability disclosures in line with evolving regulatory expectations, progressively strengthening our reporting to meet the ISSB IFRS S1 and S2 requirements as Singapore's climate disclosure framework is phased in.
Solar PV commissioned at Bukit Besi; 10.7% reduction in GHG emissions intensity; 100% rainwater use; zero significant non-compliance incidents. 2030 GHG target achieved ahead of schedule.
Zero fatalities; turnover halved to 21%; 8.5 training hours per employee; female Board representation above 1/3; community investments up 11.5% to US$303k.
Zero corruption incidents; 51% of workforce trained on anti-bribery; 88% local procurement; no material regulatory sanctions; whistleblowing investigations completed with no misappropriations found.
Key metrics from our Sustainability Performance Data. All figures cover the financial year ended 28 February 2026.
Processing plants use a closed-loop system with sedimentation and tailings ponds. 100% of washing plant and ball mill water comes from harvested rainwater. Monthly sampling by independent accredited labs ensures compliance with Malaysia's Environmental Quality Act 1974.
Solar PV commissioned at Bukit Besi in Q4 FY2026 generated 606,431 kWh, marking the Group's first renewable energy milestone. Total energy rose to 103,772 MWh on higher production, but intensity held at 0.13 MWh/WMT — returning to the FY2024 baseline level.
Scope 1 driven by diesel in mining equipment; Scope 2 by purchased electricity at Bukit Besi; Scope 3 covers transport, waste and business travel. Despite higher production, GHG intensity fell 10.7% YoY, achieving the 2030 reduction target ahead of schedule.
Air quality and noise at both Bukit Besi and Mengapur remained within DOE limits. Hazardous waste is stored in locked, segregated areas and disposed of through licensed contractors within 6 months of generation.
| Topic | FY2026 Progress | FY2027 onwards |
|---|---|---|
| Water intensity | Reduce 10% by FY2030 from FY2024 baseline On track | Maintain 100% rainwater; continue intensity reduction |
| GHG intensity | Reduce 20% by FY2030 — achieved 20.5% ahead of schedule Ahead of target | New target: reduce 30% by FY2030 from FY2024 |
| Renewable energy | Solar PV commissioned in Q4 FY2026 Milestone achieved | Increase renewable energy mix to 20% by FY2030 |
| Waste intensity | Reduce 1% YoY; reduce 10% by FY2030 On track | Continue 1% annual reduction |
| Pollution control | Maintain within DOE permissible levels On track | Continue maintaining DOE limits |
7 recordable work-related injuries and 12 occupational health cases identified through routine medical screening. OHS committees at both sites meet quarterly. TRIF of 1.44 per 200,000 hours worked. Weekly toolbox meetings reinforce a safety-first culture.
Total training hours reached 4,380 (US$48,291 in HRDF contributions). Programmes included anti-bribery, leadership development, environmental compliance and emergency response. Female employees averaged 7.6 training hours vs 6.4 for males.
Workforce is 9% female, 91% male — reflecting the mining sector. 22% of female employees held executive or managerial roles. 75% of workforce are local employees. The Group targets ≥25% female representation in executive/managerial roles and ≥80% local employment.
US$303,038 invested in underprivileged communities across education, religious activities, welfare and flood assistance in Malaysia. Fortress received a Certificate of Appreciation from the Government of Malaysia for its contribution to the Sejahtera MADANI 2025 programme.
| Topic | FY2026 Progress | FY2027 onwards |
|---|---|---|
| Fatalities | Zero Achieved | Maintain zero fatalities or permanent disabilities |
| Employee turnover | Below 50% — recorded 21% On track | Below 30%; below 20% by FY2030 |
| Training hours | Increase YoY — reached 8.5 hrs On track | Continue to maintain or increase average |
| Board diversity | ≥1/3 female — 37.5% achieved On track | Maintain ≥1/3 female Board representation |
| Local employment | ≥80% — 75% achieved Below target | Maintain at least 80% local employment |
| Community | Continue to engage — US$303k invested On track | Continue engaging with local communities |
The Board holds overall ESG oversight, with sustainability tabled at every quarterly Board meeting. The Audit Committee monitors GHG emissions quarterly. All Directors completed sustainability-related training as required under SGX Catalist rules.
Zero-tolerance Anti-Bribery and Corruption Policy applies to all employees, business associates and intermediaries. All Malaysian Group entities comply with Section 17A of the MACC Act 2009. 266 employees (51% of workforce) received refresher training in FY2026.
Fortress aligns with the four TCFD pillars as a foundation for phased ISSB IFRS S2 adoption. Climate-related transition and physical risks are integrated into the Group's risk management framework. Scenario analysis is under consideration as strategy develops.
88.4% of the Group's US$36M procurement went to local Malaysian suppliers — up from 87.6% in FY2025. New suppliers complete an anti-bribery declaration. Existing suppliers undergo annual performance evaluations against defined criteria.
| Topic | FY2026 Progress | FY2027 onwards |
|---|---|---|
| Anti-corruption | Zero incidents On track | Zero non-compliance with anti-corruption laws |
| Whistleblowing | 2 reports received & resolved; no misappropriations Procedures followed | Maintain target of zero whistle-blower complaints |
| Regulatory compliance | Zero material non-compliance On track | Zero non-compliance with fines or sanctions |
| Local sourcing | ≥80% locally procured — 88% achieved On track | Maintain minimum 80% local procurement |
| Supplier rating | ≥80% annual evaluation rating On track | Maintain ≥80% supplier evaluation rating |
This Report is prepared in accordance with the SGX Catalist Sustainability Reporting Guide (Practice Note 7F) and references selected GRI Standards. Fortress progressively aligns with ISSB IFRS S1 and S2 as Singapore's mandatory climate disclosure regime is phased in.
Our 6th Sustainability Report covers all ESG performance data, GRI Content Index, TCFD disclosures, targets and detailed narratives for FY2026 (1 March 2025 – 28 February 2026).
