SUSTAINABILITY STATEMENT As our business expands, long term sustainability issues will pose a challenge to our business in the maritime and offshore solutions industry. Approximately 90% of goods traded internationally is transported by sea, the industry has a significant economic impact and an associated social and environmental footprint (i.e. accounting for nearly 3% of global carbon dioxide emissions). Being a leading energy shipping and maritime solutions provider, we recognise the importance of the role we play in the local and global industry. Industry stakeholders are increasingly concerned about sustainability practices and we will continue to respond to these expectations, in parallel with our own ambitions towards sustainability. Focusing on sustainability will position us better to manage our non-financial risk, exploit opportunities for increasing efficiency, enter new markets, as well as enhance our reputation and position in our industry. Since we began taking a more focused approach towards managing our sustainability performance these last few years, we have made good progress. Our achievements to date includes recognition for our sustainability reporting and maintaining our position in the FTSE4Good Bursa Malaysia Environmental, Social and Governance (ESG) index, amongst other milestones. These acknowledgements of the effort that MISC has undertaken to improve the way we address sustainability issues has only encouraged us to do better. We are continuing our endeavour in our sustainability commitments due to the fundamental belief that good sustainability practices will bring long term value to our organisation. With this in mind, at present, we have been working towards a more strategic approach in managing sustainability within the organisation. The MISC Sustainability Strategy, is constituted by the sustainability pillars of Customers, Shareholders, Governance, Employees, Environment and Community. This strategy will act as our five year roadmap to guide us further in conducting business as a responsible corporate citizen – that will enhance our social integrity, improve our environmental stewardship and create economic value for our stakeholders. This strategy will ensure our material areas and the initiatives we embark on are in line with our Vision and Mission as well as MISC 2020. These will act as our compass for the Group as we steer towards a successful journey. Further details of our strategic approach towards sustainability will be disclosed in our Sustainability Report 2016. Sustainability is an integral component in MISC’s operations, from the way we conduct our business, manage our employees, reduce impact on the environment, deliver sustainable returns to our investors and shareholders, strive to exceed the expectations of our customers, as well as create positive impact for the local communities. 117 Sustainability Statement
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