In this respect, we are the Authorised Life Raft Service Station issued by the Malaysian Marine Department in compliance with the International Maritime Organisation and/or Safety of Live at Seas Regulation. Apart from that, internationally, our company is also certified by Lloyd's Register Group Limited & Panama Maritime Authority as Approved Service Suppliers in servicing and maintenance, through examination, operational testing, overhaul and repair of lifeboats and rescue boats, launching appliances and release gear. American Bureau of Shipping, Bureau Veritas and DNV GL had been audited on our marine segment and given a satisfactory practical demonstration of our services. As such, Destini has been recognised worldwide as a qualified and trustable service provider in servicing/maintenance of lifeboats, ship repair services and shipbuilding. We also achieved the internationally recognised ISO 45001:2018 occupational health and safety management accreditation standard which is applicable to our marine division and underlines our commitment to a safe and performance driven business. MOBILITY In the mobility segment, we are certified by the Ministry of International Trade and Industry of Malaysia for the fabrication of commercial vehicle bodies, and assembly of chassis bus and military vehicles. We are also certified for new body construction, technical repairs and refurbishments for all types of rigid lorries, semi-trailers, tankers and buses by the Road Transport Department of Malaysia. MARINE For the marine segment, we are accredited with ISO 9001:2015 - Quality Management System on: • provision of ship/boat building and ship/boat repair services; and • inspection, repair, and service of lifeboats and davit systems. ⊲ Business Model and Planning Destini has not taken its eyes off its strategic goals of increasing its secured income base. Several new initiatives were adopted to grow its businesses organically within its core segments. This also includes finding synergies between subsidiaries to leverage on each other’s capabilities. In doing so, the sustainability and growth across all of our business segments remain resilient despite the challenging operating environment. The sustainability of Destini’s businesses are strong as the Group is operating with a diversified portfolio of services and products in a high entry barrier industry and one of the major sources of revenue earnings was generated from recurring MRO business. Aside from that, there are many more possibilities for Destini to explore and expand its existing capabilities in the industries it has a foothold in. Moving away from local shores, the Group is also aggressively broadening its client base by staying competitive and relevant in all the industries it has operations in and all the countries it has a presence. This includes constantly looking to extend its services and products to the wider global market. It opens up greater opportunities for the Group to grow internationally. From the current presence which spans from Australia, China, Malaysia, Middle East, Singapore, and United Kingdom, Destini is on the blueprint to expand its current business network to the Southeast Asian countries it does not have a presence. Sustainability Statement SUSTAINABILITY REPORT 48 DESTINI BERHAD ANNUAL REPORT 2022
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