MISC Annual Report 2018

HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 157 MISC BERHAD ANNUAL REPORT 2018 156 PROGRESS MOVING FORWARD • Reduction of carbon emissions intensity for shipping operations from a baseline in 2016 as follows: 2018 2020 Targets LNG 8% 6% Petroleum 11% 9% Product 5% 1% • Implemented new systems, Navigator and ECO Insight software to enhance the performance monitoring and reporting for shipping operations. • Started monitoring and reporting of carbon emissions data as per EU MRV regulation. • Continue with the implementation of carbon emissions reduction target plan. • Roll out the carbon emission reduction plan for non-shipping operations. • Continue monitoring and reporting of carbon performance for MISC fleet operations in accordance to regulatory (European Union Monitoring, Reporting, Verification (EU MRV) and International Maritime Organisation Data Collection System (IMO DCS)) as well as corporate requirement. • Enhance process for hazardous waste characterisation. • Continue with the implementation of waste separation and 4R programmes. • Development of action plan for MISC’s biodiversity conservation programmes on Tackling Oceans Plastics Pollution. MISSION OBJECTIVES To care for the environment and operate responsibly • Carbon • Biodiversity • Waste PROGRESS MOVING FORWARD • As part of the IMO DCS requirement, all vessels have been equipped with approved Ship Energy Efficiency Management Plan (SEEMP) Part II. • 13% reduction on overall generation of wastes on vessels. • Developed preliminary plan for carbon emission reduction in MMHE. • Carried out waste assessment review at non-shipping operations. Based on the findings, recommendations have been incorporated in the business unit’s Health, Safety and Environment plan for implementation. • Continue with the implementation of Clean Air Regulations to be in compliance with the new stringent limits and other requirements effective June 2019. • Carried out initial assessment on Biodiversity Conservation Programmes to focus on Tackling Oceans Plastic Pollution. • Carried out an Eco Pledge campaign with the objectives of promoting environmentally conscious practices among staff, creating sense of environmental responsibility and commitment to a group effort and increase awareness on the importance of valuing natural resources. • Implementation of a group-wide campaign on responsible consumption of plastics. SUSTAINABILITY STRATEGY UPDATES Operating in a responsible manner and minimising impact on the environment where possible, is key to the way business is managed in MISC. The strategy will ensure our diligence in taking a proactive approach in the management of our environmental footprint with specific focus on carbon/key emissions, waste (hazardous and non-hazardous) and biodiversity. In our commitment for the environment, one of our key objectives is to ensure the importance of inculcating environmental awareness and consciousness amongst our employees. We believe this can be achieved through a structured, consistent and holistic approach with a focus on specific topics/campaigns over a time period. ENVIRONMENT 2020 TARGETS 9. Environmental performance targets for Carbon/Key Emissions and Waste and established Biodiversity programmes -- To achieve reduction in our carbon footprint/key emissions and waste against set targets -- A sustainable and long-term biodiversity conservation programme run successfully and sustained as part of the company’s agenda 10. Environmental consciousness Well-informed and empowered employees on environmental awareness and consciousness