MISC Integrated Annual Report 2020

UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS (UNSDG) MISC has in place, focused initiatives and programmes that support the following 11 UNSDGs. Aspect Policies/Guidelines Governance and Business Ethics • • Code of Conduct and Business Ethics (CoBE) • • MISC Anti-Bribery and Corruption (ABC) Manual • • Whistleblowing Policy • • Gift and Entertainment Policy • • MISC Corporate Privacy Policy • • Conflict of Interest • • Competition Law • • Economic Sanctions • • Personal Data Protection Act (PDPA) • • Human Rights Statement • • Modern Slavery Policy Health, Safety, Security and Environment (HSSE) • • MISC Health, Safety & Environment (HSE) Policy • • MISC Security Risk Management Policy • • MISC HSE Requirements for Contractors • • MISC Substance Misuse Policy • • MISC Safety Rules Employees • • Performance Management System • • International Labour Organisation (ILO) • • Maritime Labour Convention 2006 • • MISC Employee Handbook List of certifications and companies certified The following provides the certifications that our business units and subsidiaries have obtained. List of Sustainability Policies In support of the overarching sustainability governance process, the Group along with our business units and subsidiaries, have various internal and external mechanisms and systems in place for the management of specific sustainability-related matters. The following table highlights some of the policies and systems that are currently in place : List of ESG Disclosures MISC provides ESG disclosures to the following: • • FTSE4Good Bursa Malaysia • • Dow Jones Sustainability Index (DJSI) • • Carbon Disclosure Project (CDP) • • Transition Pathway Initiative (TPI) • • Vigeo Eiris (VE) • • Sustainalytics • • Morgan Stanley Capital International (MSCI) ANCHORING SUSTAINABILITY @ MISC As a responsible maritime organisation, we have in place programmes that sustainably manage and protect marine ecosystems by strengthening their resilience and take action towards their restoration to maintain sustainable ocean health. We design and operate assets that either combat or reduce the effects of climate change. We are driving towards sustainable consumption by promoting the circular economy, through measures designed to eliminate waste and promote the use of renewable resources, as well as sustainable procurement practices. Our various workplace policies are designed to ensure equal opportunities at the workplace, irrespective of age, gender, nationality or cultural background. Through the greater adoption of clean and environmentally sound technologies, we are designing or retrofitting our vessels and assets towards more sustainable performance that optimises the efficient use of resources. Through our policies and processes that uphold labour rights, and promote a safe and secure work environment, we are encouraging sustainable economic growth and decent work for all. We proactively encourage female participation in the maritime industry, to ensure their full and effective involvement as part of the global maritime community as well as enable their access to equal opportunities for leadership at all levels of decision making. Our talent development agenda is geared towards promoting skills throughout our workforce, including technical and vocational skills, to empower people to gain employment and decent jobs as well as encouraging entrepreneurial skills. By encouraging and participating in multi-stakeholder partnerships that share resources on expertise and technology, we are promoting a global partnership towards a sustainable maritime industry. We are fostering a strong governance and business ethics culture to fight corruption and modern slavery, and promote fair practices. Our strong HSSE culture is defined by a broad spectrum of programmes that promote the health and wellbeing of our employees, contractors and communities. Certification Business units/subsidiaries certified ISO 14001 Environment Management System • • Eaglestar (all vessels) • • Offshore Business unit • • MHB ISO 45001 Occupational Health and Safety Management System • • Eaglestar • • Offshore Business unit • • MHB ISO 50001 Energy Management System • • Petroleum fleet (AET) • • LNG fleet (LNG Business unit) ISO 37001 Anti-bribery Management System • • MISC Berhad • • MHB • • AET Green Seal Office • • AET (Singapore, London, Houston, Rio and KL) • • MISC Berhad (KL) • • MMS (KL, Sg Udang Port, Kimanis and Miri) • • Eaglestar (KL) • • MHB (KL) • • ALAM (Melaka) UNVEILING OUR 2021-2025 SUSTAINABILITY STRATEGY STRATEGY DEVELOPMENT PROCESS MISC undertook a comprehensive process in the development of the 2021-2025 Sustainability Strategy, which comprised six employee workshop as follows: • • Session 1: Knowledge Sharing • • Session 2: Materiality and Stakeholder Analysis • • Session 3: Gap Analysis • • Session 4: Strategic Priorities • • Session 5: Strategic Results, Objectives and Structure • • Session 6: Sustainability Strategic Priorities Results and Structure The sessions featured good mix of employee from the Group’s various business units and subsidiaries. We harnessed the diverse perspectives and viewpoints of our multi-generational workforce, and brainstormed the issues surrounding ESG factors that were pertinent to MISC. We also collaboratively identified MISC’s appropriate response in light of the Group’s strategic priorities, as well as our commitment towards contributing to the greater global sustainability agenda. A total of 19 focus groups and discussions participated by 130 employees as well as the top management of the respective business units and subsidiaries were held. These sessions undertook a holistic approach towards collaboratively and collectively drawing up the Sustainability Strategy, by incorporating a top down approach with management and leadership on board to share their views, as well as a bottom up approach where our employees at working level could share their points of view based on their own experiences. Through the sessions, we prioritised the issues and arrived at a deeper understanding of our stakeholders needs and concerns. A gap analysis was also conducted to identify areas of improvement against our previous strategy and incorporate these into our forward moving strategy. //// Highlights / Strategic Review / Sustainability / Financial Review / Business Review ///// MISC Berhad / Integrated Annual Report 2020 5 116 MISC Berhad / Integrated Annual Report 2020 5 117 ///// Business Review / Financial Review / Sustainability / Strategic Review / Highlights //// Section Section