Overview

The governance of sustainability issues and matters is a fundamental consideration, as we continue our efforts in embedding sustainability principles into our decision-making process and operations as a whole. We seek to fulfil our responsibilities and commitments to our five key stakeholders – Customers, Shareholders, Employees, Environment and Community – via progressive governance and management practices and the MISC Sustainability Strategy.

This is supported by a multi-pronged approach through the Management Committee (MC), the MISC Group Health, Safety, Security & Environment (HSSE) Council and the Sustainability Working Committees (SWCs). Working committees have been set up for each of the six sustainability pillars (Customers, Shareholders, Governance & Business Ethics, Employees, Environment and Community), with specific focus on ensuring the successful delivery and implementation of the respective strategies and initiatives for each pillar.

This cross-functional approach is required to coherently address and manage sustainability matters and identified material issues arising across all our businesses and location of operations. Collaboratively, these committees are involved in decision-making processes and in setting the tone for our sustainability direction and initiatives, as well as addressing risks, communication and stakeholder management.

Additionally, in support of the overarching sustainability governance process, the Group and the various businesses within have various internal and external mechanisms and systems in place for the management of specific sustainability related matters. We are continuing our ambitions to streamline these practices into a more cohesive and holistic approach.

The following table highlights some of the policies and systems in place that supports the sustainability governance process and the management of specific sustainability related matters.

Categories Relevant policies and guidelines

Governance and Business Ethics

  • MISC Code of Conduct and Business Ethics (CoBE)
  • MISC Anti-Bribery and Corruption (ABC) Manual
  • MISC Whistleblowing Policy
  • MISC Gift and Entertainment Policy
  • MISC Corporate Privacy Policy
  • MISC Conflict of Interest
  • MISC Competition Law
  • MISC Economic Sanctions
  • MISC Corporate Privacy Policy
  • MISC Human Rights Commitment Statement
  • MISC Modern Slavery Policy

Health, Safety, Security and Environment

  • MISC Health, Safety and Environment (HSE) Policy
  • MISC Security Risk Management Policy
  • MISC HSE Requirements for Contractors
  • MISC Substance Misuse Policy
  • MISC Safety Rules
  • ISO 9001:2008 Quality Management Systems
  • OHSAS 18001:2007 Occupational Health & Safety Management Systems
  • ISO 14001:2004 Environmental Management Systems
  • ISO 50001:2011 Energy Management Systems

Employees

  • Performance Management System
  • International Labour Organisation (ILO) Maritime Labour Convention 2006
  • MISC Employee Handbook