INTEGRATED ANNUAL REPORT 2024 122 123 SECTION 10: ANCHORING SUSTAINABILITY www.miscgroup.com MISC BERHAD Sustainability Pillar Achievements SOCIAL Health & Safety • 100% of employees attended the Generative Culture Leadership Programme • 80,771 UCUA cases were raised • Received seven awards at the 42nd MSOSH Awards 2024 for Grand, Gold Merit and Gold Glass categories • Offshore segment’s FPSO Marechal Duque de Caxias Project received the British Safety Award 2024 • Received the CSA Jones F. Devlin Safety Award for 47 vessels • The Seri Daya and Seri Emperor crews rescued distressed individuals at sea in two separate events Talent Excellence • Achieved an 81% engagement score in the Organisational Cultural Survey • 44% Board members are female • 95% retention rate for high-performing talent • Maintained overall successor ratio for Enterprise Critical Positions (ECP) at 2:1 • Invested in RM47.4 million in employee training and development programmes • Invested RM29.1 million in training and development programmes for seafarers • Facilitated the transition from sea-based to shore-based careers for 42 employees Community Investment • Supported 732 students at ALAM through cadet sponsorships of RM21.0 million • Awarded 22 new educational scholarships in collaboration with Texas A&M Foundation, Singapore Maritime Foundation, and Dream, Learn, Work • 346 employees have volunteered in the HOTO programme since 2021 • 2,842 local stakeholders and communities in Mersing participated in various awareness and capacity-building programmes since 2020 GOVERNANCE Governance & Business Ethics • Roll-out of the MISC Human Rights Policy • 100% of our operations were assessed for corruption-related risks • Recorded zero major cybersecurity incidents and data breaches Sustainable Supply Chain Management • Rolled out the Sustainable Procurement Statement • Continued the Supplier ESG Self-Assurance programme for 100 critical suppliers MATERIAL MATTERS SDG MATERIAL MATTER SDG MATERIAL MATTERS SDGs For more information, please refer to Our Sustainability Voyages on pages 28 to 32 in MISC Sustainability Report 2024. Anchoring Sustainability MATERIAL MATTERS SDGs CONTRIBUTING TO THE SUSTAINABLE DEVELOPMENT GOALS (SDGS) MISC’s prioritised SDGs were determined from the identified material sustainability matters in the materiality assessment exercise conducted in 2022. The selected SDGs were mapped to the Sustainability Strategy pillars and initiatives, as well as the material sustainability matters presented in the Sustainability Report 2024. Prioritised SDGs Achievements and Contributions SDG 3: Good Health and Well-Being • MISC Group won seven awards at the 42nd Malaysian Society for Occupational Safety and Health (MSOSH) Awards 2024 • MISC was awarded the CSA Jones F. Devlin Safety Award for 47 of its vessels, where 38 vessels in AET fleet operated a total of 282 years with no lost-time injuries, 6 vessels in our GAS fleet operated a total of 13 years with no lost-time injuries and 3 of our lightering support vessels operated a total of 30 years with no lost-time injuries • Offshore segment’s FPSO Marechal Duque de Caxias Project was honoured at the prestigious International Safety Awards by the British Safety Council, recognising the distinctive health, safety and well-being practices put in place during the development of the FPSO unit SDG 4: Quality Education • Invested RM21.0 million in ALAM cadet sponsorship programme • Invested RM29.1 million in the seafarers’ development programme • Invested RM47.4 million in employees training programmes SDG 5: Gender Equality • 44% female representation on the Board of Directors • 24% female representation at the Management level • Employed 86 females across our fleet SDG 8: Decent Work and Economic Growth • Provided job opportunities to more than 9,000 individuals from over 40 nationalities • Recorded revenue of RM13.2 billion SDG 10: Reduced inequalities • Employee remuneration structures comply with applicable laws such as working hours, minimum wage, minimum living wages, overtime hours and legally mandated benefits, according to local jurisdictions where we operate SDG 12: Responsible Consumption and Production • Recorded 3R rate of 99.7% for hazardous waste and 9% for non-hazardous waste generated from shore operations • Installed SOL-X system on 78% of vessels to reduce paper consumption and enhance the effectiveness of our permit-to-work tracking and disclosure SDG 13: Climate Action • Achieved 32% reduction in GHG intensity compared to 2008 baseline • 549 LED lights were replaced by conventional lights in the MMHE’s yard area SDG 14: Life Below Water • Surveyed 36 coral reef sites in 2024 • Established three coral rehabilitation sites since 2020 • 346 employees participated in four separate Employee Participation Programmes (EPP) under the HOTO programme • 2,842 local stakeholders and communities in Mersing participated in various awareness and capacity-building programmes since 2020 SDG 16: Peace, Justice and Strong Institutions • Identified 256 potential bribery and corruption risks: - Developed 16 bribery and corruption risk clusters - Established 104 mitigation measures • 100% of MISC Berhad’s employees completed the Annual Conflict of Interest disclosure SDG 17: Partnerships for the Goals • Rolled out the Supplier ESG Self-Assurance programme for 100 critical suppliers • Held two sustainability-sharing sessions with institutional shareholders and analysts • Held a Sustainability Familiarisation Programme with ALAM cadets to introduce cadets to sustainability practices in the maritime industry For more information, please refer to MISC Sustainability Report 2024. Anchoring Sustainability Health and Safety Values, Governance and Business Ethics MATERIAL MATTER SDGs Sustainable Supply Chain Security Talent Development and Retention Diversity and Inclusion Cybersecurity Community Investment
RkJQdWJsaXNoZXIy NDgzMzc=