Environment | MISC Group

Overview

Shipping operations that maintain a healthy environment are of benefit to the greater human good and the shipping industry as a whole, particularly as awareness grows with respect to climate change and the need for ‘green credentials’. Changing global trends coupled with increasing scrutiny on climate change and environmental issues from stakeholders is impacting the way shipping is currently being operated. In view of this and our own commitment to the environment, operating in a responsible manner and minimising impact on the environment where possible, is key to the way business is managed at MISC.

Strategy

MISC has historically taken a proactive approach towards the management of our environmental impact. In view of rising stakeholder expectations on environmental performance and growing regulatory demands both locally and internationally, we have adopted a more structured approach to environmental stewardship in the form of our Environment Strategy, which forms a part of the MISC Sustainability Strategy. We believe that by taking a more strategic approach formalised through the Environment Strategy, will assist us to further improve our environmental performance, address increasing expectations and provide MISC a more sustainable and competitive edge in the current volatile market.

Mission

To care for the environment and operate responsibly

Objectives

Carbon
Biodiversity
Waste

Our 2020 Targets

To achieve reduction in our carbon footprint/key emissions and waste against set targets.
A sustainable and long-term biodiversity conservation programme run successfully and sustained as part of the company’s agenda.
Well-informed and empowered staff on environmental awareness and consciousness.

2016 Performance

In 2016, the Group had recorded 4.6 million metric tonnes of CO₂-e, an increase of 2% from the year before.
The increment was contributed by an overall increase in transport work done (tonne-nm) by our LNG and Product fleet.
Additionally, in 2016, as part of MISC’s continued improvement of our GHG MRV processes, two additional GHGs were included in our reporting, namely methane (CH₄) and nitrous oxide (N₂O).

Click here for more details on Climate Change and Air Emissions.

The Group’s energy consumption recorded a slight increment of less than 1% in 2016.
The increment is contributed by an overall increase in transport work by the LNG and Product fleet.

Click here for more details on Energy Efficiency.

Total fresh water drawn in for our shore operations stood at approximately 1.07 million cubic metres.
Our vessels consumed 385,534 cubic metres of freshwater for all our operations at sea. This represents a total of 24% reduction of freshwater consumption as compared to the previous year.

Click here for more details on Water Use.

Waste generated from our shipping operations reduced by 4% compared to the previous year.
Overall, 91% of hazardous waste from MISC’s shore operations are recovered and recycled with the remaining sent to final disposal facilities.

Click here for more details on Waste Management.

Approach

In deriving our Environment Strategy, the areas that have been identified as material to us in terms of managing our impact include climate change and emissions to air, waste management and biodiversity. As there are several core businesses within the Group, some of these areas may be more material than others. In this respect, the approach taken by the Group, is for each entity to be responsible for managing impact from their businesses in line with Group policies as well as with direction and governance from Group level. Environmental performance is captured and reported through various channels including the MISC Group HSE Council and internal HSE review meetings.