SUSTAINABILITY statement Sustainability @ MISC Sustainability is an integral part of MISC’s operations, from the way business is conducted, employees managed, environmental impact reduced and positive impact is created for local communities. In operating responsibly, the Group stakeholders are actively engaged, to ensure that material issues are identified, addressed and managed effectively. At present, sustainability is practiced within the organisation through the Group’s Mission statements which serve as a guide in reaching the organisational goal. With the understanding that sustainability is a long term process, MISC is working towards a more strategic approach in managing sustainability within the organisation. Capitalising on the Group’s strengths and improving on identified gaps will help drive the Group to the next level, in line with the aspiration of enduring growth and progress. Sustainability Governance A multi-pronged approach is taken in managing sustainability matters within the Group through the Sustainability Steering Committee, the MISC Group HSE Council and the Management Committee. All sustainability matters are reported and managed through these three bodies which function to consistently address material issues across all businesses and locations of operations. Guided by the MISC Mission Statements, t h e G r o u p s e e k s t o f u l f i l i t s responsibilities and commitments to its five key stakeholders. Shareholders As one of the largest shipping and maritime companies based on market capitalisation, MISC’s aim is to consistently deliver sustainable returns to investors and shareholders. This is done by strengthening the Group’s core businesses and capitalising on growth opportunities in the near future. Good governance is integral to the way business is conducted, from the strong leadership team to the Group’s robust balance sheet as a result of prudent decisions made in the past few years. Internal controls are in place to complement business policies and recommended best practice to ensure informed decision-making processes are made within the Group. Customers The Group primarily caters to the oil and gas ma r ke t s t h rough co re businesses in LNG and petroleum transportation, offshore business and marine & heavy engineering. The sustained low oil price environment is posing a challenge even to the most resilient of companies. At MISC, the strategy is to focus on providing the best service and experience to all customers – through stringent health and safety standards, operational responsiveness, and tailored solutions i n o r d e r t o e x c e e d c u s t ome r expectations. REDISCOVER I REBUILD I SUSTAIN 96
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