56 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) ETHICAL GOVERNANCE Regulatory Compliance Ensuring compliance with regulatory requirements and standards is essential for effectively navigating risks and capitalising on opportunities across our operations. As a provider of offshore support vessel services for the oil and gas industry, we adhere to maritime law and shipping regulations across the various local and international jurisdictions in which we operate. The Group adheres to Bursa Securities’ MMLR, alongside all relevant national and international laws and regulations applicable to our sector. The following highlights key industrybased requirements that the Group complies with. This year, we established our ERM Framework in alignment with ISO 31000:2018 standards, designed to enhance our ability to meet legal and regulatory compliance requirements. The framework identifies, assesses, and mitigates risks that could impact regulatory compliance. To support this, we maintain business and operational risk registers, along with internal controls and measurements, to ensure relevant risks are mitigated. Our management regularly attends seminars to stay updated on the latest changes and ensure continued regulatory compliance. No incidences of non-compliance with local and international laws and regulations were reported in FY2024. Environmental Quality Act (“EQA”) 1974 International Ship and Port Facility Security (“ISPS”) Code International Convention for the Prevention of Pollution from Ships (“MARPOL”) Merchant Shipping Ordinance (“MSO”) 1952 International Convention for the Safety of Life at Sea (“SOLAS”) Occupational Safety and Health (Amendment) Act 2022 SUSTAINABILITY STATEMENT FY2024 (cont’d)
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