INTEGRATED ANNUAL REPORT 2024 62 63 SECTION 6: STRATEGIC REVIEW www.miscgroup.com MISC BERHAD Material Matter Description Our Approach Sustainability Strategic Priorities Material Matter Description Our Approach Sustainability Strategic Priorities Our Material Matters Our Material Matters Climate Change Transition to a low-carbon economy to align with international sustainability goals and regulatory standards • Establish strategic plans for shipping and non-shipping operations to ensure adaptability and effective response to international regulations and policy changes • Direct efforts across our operations and value chain to reduce emissions, advance decarbonisation efforts and improve low-carbon solutions Environment Pillar Towards Decarbonisation Key Capitals: Risk: P F SDGs H SR I N Energy Transition and Decarbonisation Risk Energy Management Augment energy management for effective climate change mitigation • Continuously enhance energy efficiency in design and operations across our shipping and non-shipping businesses to minimise environmental impact • Strengthen governance frameworks to facilitate the adoption of effective energy management practices across the business segments and value chain Environment Pillar Towards Decarbonisation Key Capitals: Risk: P F I N Energy Transition and Decarbonisation Risk SDG Financial Performance • Maintain a robust balance sheet and capital position to support future growth, enhance stability and ensure sustainable stakeholder returns • Explore new energy segments to capitalise on the global energy transition • Implement strategic plans and growth strategies to improve business resilience • Strengthen financial governance to align with national and international requirements to ensure relevance to the current market environment Financial Pillar Key Capitals: Risks: P F I Energy Transition and Decarbonisation Risk Market Risk SDG Project Delivery Risk Asset Integrity and Performance Risk Geopolitical Risk Financial Risk Ocean Health Adopt pollution prevention measures to safeguard ocean biodiversity and minimise irreversible damage Continue to improve our oversight and efforts in conserving ocean biodiversity Environment Pillar Biodiversity Conservation Key Capitals: Risks: P F N SDG Health, Safety, Security and Environment Risk Energy Transition and Decarbonisation Risk Sustainable Supply Chain Integrate ethical and environmentally responsible practices into our value chain to mitigate our impact on the environment and society • Promote sustainable practices across our supply chain to improve resilience • Identify collaboration/partnership opportunities on pollution prevention and the decarbonisation of our operations • Promote circular economy across the value chain Governance Pillar Sustainable Supply Chain Management Key Capitals: Risks: P F SR N Geopolitical Risk SDGs Project Delivery Risk Compliance and Regulatory Risk Energy Transition and Decarbonisation Risk Talent Development and Retention • Build a sustainable talent pipeline with the right skills for maritime industry growth • Invest in talent management for future business needs Continue to foster a robust pipeline of high-performing talents through the establishment of several talent management frameworks to help nurture future-ready skills Social Pillar Talent Excellence Key Capitals: F I H SR SDGs Talent Risk Risk: Human Rights Ensure human rights principles are upheld across the value chain • Establish and implement policies and frameworks to strengthen and promote human rights principles and practices across our operations and business • Embed human rights due diligence practices in our systems and functions across our value chain Social Pillar Key Capitals: Risks: SR SDG Project Delivery Risk Talent Risk Compliance and Regulatory Risk Health, Safety, Security and Environment Risk H Waste Management Responsibly manage and monitor waste from generation to disposal to minimise environmental impact Establish and monitor waste reduction and 3R targets to improve our waste management practices and reduce waste generation Environment Pillar Promoting Circular Economy Key Capitals: F N Health, Safety, Security and Environment Risk Risk: SDG P Security Secure people and assets from threats and intrusions Reinforce security management to strengthen coordination in addressing maritime security issues Social Pillar Health and Safety Key Capitals: Risks: P F SDG Cybersecurity Risk Health, Safety, Security and Environment Risk Asset Integrity and Performance Risk Geopolitical Risk H SR
RkJQdWJsaXNoZXIy NDgzMzc=