MISC Annual Report 2017

73 Strategy & Performance have achieved significant milestones. In that time, the Board has steadfastly supported MISC’s leadership in ensuring the successful implementation of our sustainability agenda. At the same time, we have strengthened MISC’s commitment to integrity and compliance, as well as continued to inculcate a high-performance culture throughout the Group. Moving forward, the ongoing integration of sustainability principles as part of MISC’s corporate aspirations, business practices and operations, will ensure that we are well placed to manage our non-financial risks, identify and increase our efficiencies, as well as strengthen our position and reputation in the industry. I am pleased to report that as of December 2017, MISC once again secured its position as a constituent of the FTSE4Good Bursa Malaysia Index, as a result of the Group’s strong performance across a variety of Environmental, Social and Governance (ESG) practices. The index has been CHAIRMAN'S STATEMENT designed to identify Malaysian companies with recognised corporate responsibility practices. We turned in an improved overall score which came on the back of an independent assessment of the MISC Sustainability Report 2016 by FTSE analysts. This is the fourth consecutive year that we have been included in the index since its inception. Our ratings have been increasing year on year since the inaugural year. The scores for the Governance element in particular continue to stand out. This recognition underscores the Group’s position as a role model for responsible corporate behaviour within the Malaysian market and reflects our commitment to managing our ESG risks. A more in-depth review of our sustainability initiatives can be found in the Sustainability@MISC section on pages 38 to 55 of this Annual Report. This year, we took preliminary steps to adopt the Integrated Reporting <IR> framework which underscores our commitment to embracing best practices in corporate reporting. As we move forward, the Group will continue to refine our report by adopting a more cohesive integrated approach. This will involve detailed disclosure of our business strategy, business and financial performance, stakeholder engagement initiatives, as well as our efforts to create holistic value over time. MOVING FORWARD Venturing forward into 2018 and beyond, we anticipate that the markets will continue to change and our various businesses will evolve to address these changes. With several elements of our five-year MISC2020 masterplan already in place, we will now set our sights on implementing the next phase of our agenda of sustainable growth and continue advancing the growth of our various business segments. The issue of sustainability will continue to be integral to MISC’s overall business agenda and Bus i ness susta i nab i l i ty rema i ns a pr i or i ty on MISC's agenda and we look to our f i ve-year Susta i nab i l i ty Strategy to gu i de us.