| Integrated Annual Report 2024 |
1 |
| What’s Inside |
2-3 |
| ABOUT THIS REPORT |
4-5 |
| Overview |
4-5 |
| MISC’s 2024 Integrated Reporting Suite |
4-5 |
| ABOUT MISC |
6-7 |
| Who We Are |
8-9 |
| Our Businesses |
10-11 |
| How We Move Energy |
14-15 |
| KEY MESSAGES |
16-17 |
| Chairman’s Message |
18-19 |
| President & Group Chief Executive Officer’s Message |
22-23 |
| Chief Strategy & Sustainability Officer’s Message |
26-27 |
| Chief Financial Officer’s Message |
28-29 |
| HIGHLIGHTS |
30-31 |
| Key Highlights 2024 |
32-33 |
| A Look Back at 2024 |
34-35 |
| VALUE WE CREATE |
40-41 |
| Our Integrated Approach to Value Creation |
42-43 |
| Value Creation Business Model |
44-45 |
| Key Capitals |
46-47 |
| Engaging with Stakeholders |
48-49 |
| STRATEGIC REVIEW |
52-53 |
| Our Operating Environment |
54-55 |
| Our Material Matters |
62-63 |
| Our Risks and Mitigation Strategies |
66-67 |
| Delivering Our Strategy and Its Progress |
72-73 |
| BUSINESS REVIEW |
78-79 |
| Gas Assets & Solutions |
80-81 |
| Petroleum & Products |
82-83 |
| Offshore |
86-87 |
| Marine & Heavy Engineering |
88-89 |
| Marine Services |
92-93 |
| Maritime Education & Training |
96-97 |
| CORPORATE ENABLERS |
100-101 |
| People Development |
102-103 |
| Operating Safely & Sustainably |
102-103 |
| Operating Responsibly |
104-105 |
| FINANCIAL REVIEW |
106-107 |
| Group Financial Review |
108-109 |
| Financial Calendar |
110-111 |
| Five-Year Group Financial Performance |
112-113 |
| Statement of Value Added & Value Distributed |
114-115 |
| ANCHORING SUSTAINABILITY |
116-117 |
| SUSTAINABILITY GOVERNANCE |
118-119 |
| ESG RISK MANAGEMENT |
120-121 |
| SUSTAINABILITY STRATEGY AND ITS KEY PROGRESS IN 2024 |
122-123 |
| CONTRIBUTING TO THE SUSTAINABLE DEVELOPMENT GOALS (SDGS) |
124-125 |
| MEMBERSHIPS AND ASSOCIATIONS |
126-127 |
| CLIMATE-RELATED FINANCIAL DISCLOSURES |
126-127 |
| Bursa Malaysia Common Sustainability Matters and Indicators |
128-129 |
| LEADERSHIP |
132-133 |
| Our Board at a Glance |
134-135 |
| Our Board of Directors |
134-135 |
| Profiles of the Board of Directors |
136-137 |
| Our Executive Leadership Team |
142-143 |
| Profiles of the Executive Leadership Team |
144-145 |
| GOVERNANCE |
150-151 |
| Corporate Governance Overview Statement |
152-153 |
| Board Nomination & Remuneration Committee Report |
174-175 |
| Board Audit Committee Report |
182-183 |
| Board Sustainability & Risk Committee Report |
188-189 |
| Statement on Risk Management & Internal Control |
194-195 |
| Statement of Directors’ Responsibility |
210-211 |
| Additional Compliance Information |
210-211 |
| ADDITIONAL INFORMATION |
212-213 |
| Properties Owned by MISC Berhad and Its Subsidiaries |
214-215 |
| Statistics on Shareholdings |
216-217 |
| Corporate Information |
218-219 |
| List of Abbreviations |
220-221 |
| ANNUAL GENERAL MEETING |
224-225 |
| Notice of Annual General Meeting |
226-227 |
| Form of Proxy |
230-231 |