About This Disclosure
MISC’s Sustainability Disclosure 2018 is an update of our sustainability performance, strategy and commitment and should be read in conjunction with MISC Berhad’s Annual Report 2018 which provides comprehensive information on our financial performance and overall business strategy.
The identified material issues relevant to our stakeholders and the Group have been encapsulated within the strategy. The strategy is our five-year sustainability roadmap aligned to the Group’s Vision, Mission and MISC2020 commitments. Progress updates on the strategy will be provided in future sustainability disclosures.
As we seek to continuously improve the quality, standards and consistency of our disclosure, we will be utilising our corporate website in a more comprehensive and systematic way for the provision of updates in a more timely and consistent manner.
Scope & Completeness
Our Report covers information on MISC Group’s operations around the world, including our Liquefied Natural Gas (LNG) Asset Solutions, Petroleum & Product Shipping, Offshore and Marine & Heavy Engineering business segments. We also cover our Integrated Marine Services, Maritime Education & Training as well as Port & Terminal Services business segments.
Further details in understanding the scope of this disclosure and its basis, which includes the Group’s core businesses, key enablers, value chain and business locations can be found in the respective sections within this website.
The collective data disclosed in this report is for the calendar year 2014, 2015, 2016, 2017 and 2018 with some restatements of previous years’ data due to improved data calculation processes and calculation methodologies.
This disclosure presents the Group’s corporate and sustainability strategies and targets as well as our financial and operational performance for the financial period of 1 January 2018 until 31 December 2018 (FY2018).
In this disclosure, MISC Berhad is referred to as MISC or the Group. The content of this disclosure prioritises areas deemed material for a Malaysian-based energy related maritime solutions and services company with a global footprint. It also incorporates references to global development, industry challenges and outlook.
A more detailed description on how we identified and derived material issues for monitoring and reporting can be found in the Materiality Issues section.
A more detailed description of our key stakeholders and stakeholder engagement processes can be found in the Stakeholder Engagement section.
Data Measurement Techniques & Assumptions
All financial data disclosed is identical to that of MISC Berhad’s Annual Report 2018 which has been audited by an independent third party. Other sustainability information presented in this disclosure is based on internal data collection systems and widely accepted calculation methodologies such as the Greenhouse Gas (GHG) Protocol. The information in this disclosure is presented on a best-effort basis and is subject to further improvement in future reporting cycles.
We have not undertaken third party assurance for the data disclosed in this disclosure with the exception of financial data. However, our internal team has been looking into our reporting processes and are taking the necessary action for improvement. We are working towards a form of third party assurance in the future.
We value your feedback. Please submit your comments or queries regarding MISC’s sustainability performance or sustainability reporting to:
Level 25 Menara Dayabumi
Jalan Sultan Hishamuddin
50050 Kuala Lumpur
Phone: +603 2264 0888
Fax: +603 2275 2500