TOWARDS DECARBONISATION

OUR COMMITMENT

 

  • Transition to low carbon operations
  • Zero-carbon emission vessel by 2030
  • Decarbonised shipping operations by 2050

 

OUR INITIATIVES 

 

SHIPPING OPERATIONS

Short term (2021-2025) – Medium Term (2021 - 2030)

  • Continual improvement in Energy Efficiency Designs and vessel operations
  • Progressive fleet renewal to low carbon fuel
  • Collaboration with strategic partners on developing zero-emission vessel 

Long term (2030 - 2050)

  • Progressive fleet renewal to decarbonised fuel
NON-SHIPPING OPERATIONS
  • Improve Energy Efficiency in operations
  • Increase usage of renewable energy mix 

OUR CONTRIBUTION TO UNSDG

 

Design and operate assets that can combat or reduce effects of climate change
Design or retrofit sustainable assets which optimises resource-use efficiency with greater adoption of clean and environmentally sound technologies 

 

 

PROMOTE CIRCULAR ECONOMY

OUR COMMITMENT

 

  • To promote the elimination of waste and the continual use of resources
  • To increase the usage of renewable resources

 

OUR INITIATIVES

 

  • Practise 4R – Refuse, Reduce, Reuse and Recycle (Waste to Value Concept)
  • Practise Green Ship Recycling  
  • Greater Renewable Resource Utilisation

 

OUR CONTRIBUTION TO UNSDG

 

Ensure sustainable consumption by promoting circular economy (eliminating waste and the continual use of renewable resources) and sustainable procurement practices.

 

 

BIODIVERSITY CONSERVATION

OUR COMMITMENT

To conserve and rehabilitate marine biodiversity by supporting:

 

  • Sustainable reef management
  • Sea-turtle conservation

 

OUR INITIATIVES

Collaborative partnerships to promote and conduct marine biodiversity conservation as follows:

  • MISC Biodiversity Conservation Flagship Programme (Reef) conservation and marine debris/ plastics management at Mersing Island, Johor, Malaysia
  • Sea-turtle conservation at Pulau Redang, Terengganu, Malaysia

 

OUR CONTRIBUTION TO UNSDG

 

Sustainably manage and protect marine ecosystems by strengthening their resilience, and take action for their restoration in order to maintain sustainable ocean health.

 

HEALTH AND SAFETY 

OUR COMMITMENT

 

  • To provide a safe and healthy environment for employees, contractors and our communities
  • Health & Safety (H&S) leadership – everyone to embrace ‘See it, Own It’ b-HSSE culture

 

OUR INITIATIVES

 

  • Strengthen Health and Safety Culture through adoption of: 
    • Integrated Health and Safety Framework
    • Contractor HSE Management
    • Process Safety Management
    • Health and Safety Competency

 

OUR CONTRIBUTION TO UNSDG

Promote health and well-being of employees, contractors and our communities.

 

 

TALENT EXCELLENCE 

OUR COMMITMENT

 

  • To futureproof talent and leadership agenda by accelerating talent potential
  • To build a performance-driven workforce in an engaging and inclusive work environment

 

 

OUR PRIORITIES

 

  • Continue to build and implement structured competency development programs based on MISC Group competency framework
  • Enhance employee communication and engagement 
  • Continue to build and implement Career Management Programmes 

  

OUR DIVERSITY & INCLUSION STRATEGIC PRIORITIES

Grow Our Diverse Talent 

To grow our gender and national representation that reflects our growing geography and client footprint

Inclusive Culture and Work Environment

To create an environment of equity & meritocracy that provides opportunities for a multigenerational workforce

Leadership Accountability

To promote “Inclusive Leadership” in creating the work environment where diverse talent want to work

 

 

OUR CONTRIBUTION TO UNSDG

 

Promote female participation in maritime industry and ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision making
Promote equal opportunities at workplace irrespective of age, gender, nationality and cultural background

 

 

  

COMMUNITY INVESTMENT 

OUR COMMITMENT

 

  • To foster youth development towards becoming future leaders through education 

 

OUR INITIATIVES

 

  • Establish a multi-stakeholders community investment programmes aimed at upskilling entrepreneurship skills of youths 
  • Continuation of maritime cadet sponsorship programme

OUR CONTRIBUTION TO UNSDG

 

Promote skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship.

 

VALUES, ASSURANCE & BUSINESS ETHICS

OUR COMMITMENT

 

  • To continuously embed a culture of strong corporate governance and business ethics and conduct 
  • To enhance cybersecurity framework and safeguard our operations

 

OUR INITIATIVES

 

CORPORATE GOVERNANCE
  • Include ESG Risks in Enterprise Risk Management
  • Increased Board Oversight on ESG risks and opportunities including cyber risk governance
COMPLIANCE & BUSINESS ETHICS
  • Continue to embed compliance culture in business processes through awareness and assurance programmes
  • Continuously improve our Anti-bribery Management System
  • Implement Human Rights Assessment and Grievance mechanism
  • Create cyber security capabilities and awareness among MISC community across all levels
  • Elevate and continuously improve on cyber security framework

 

OUR CONTRIBUTION TO UNSDG

 

Promote sustainable economic growth and decent work for all by ensuring labour rights and promote safe and secure working environments for all.
Foster strong governance and business ethics culture against corruption and modern slavery and promote fair practices.

 

 

 

RESPONSIBLE SUPPLY CHAIN MANAGEMENT

OUR COMMITMENT

 

  • To drive sustainable practices with suppliers

 

OUR INITIATIVES

 

  • Implement ESG Supply Chain assurance program emphasising on sustainable sourcing, circular economy, health and safety  and business ethics compliance
  • Look for collaboration/partnerships opportunities on pollution prevention  and decarbonisation of our operations 
  • Promote Circular Economy across value chain 

 

OUR CONTRIBUTION TO UNSDG

 

Promote sustainable economic growth and decent work for all by ensuring labor rights and promote safe and secure working environments for all
Foster strong governance and business ethics culture against corruption and modern slavery and promote fair practices 

STAKEHOLDER ENGAGEMENT

OUR COMMITMENT

 

To create value through trusted stakeholder relationships

 

OUR PRINCIPLES OF ENGAGEMENT

 

COLLABORATE

with strategic partners

PROMOTE

Sustainability awareness

COMMUNICATE

Effectively through identified platforms

FEEDBACK

sought regularly from stakeholders

TRANSPARENCY

through disclosures on Sustainability related frameworks

 

OUR INITIATIVES

 

  • To collaborate with strategic partners and regularly seek feedback on sustainability agenda
  • To transparently promote and communicate sustainability agenda through disclosures

 

OUR CONTRIBUTION TO UNSDG

 

Promote global partnership on sustainable maritime industry by encouraging multi-stakeholder partnerships that mobilise and share resources on expertise and technology.

FINANCIAL

OUR COMMITMENT

 

To achieve growth in predictable and recurring sources of cashflow

 

KEY STRATEGIC PRIORITIES

 

  • A five-year rolling business plan
  • Financial growth plans
  • Financial governance framework, developed in line with the Financial Reporting Accounting Standards and Certified Financial Planner (FRAS/CPP)