MISC Integrated Annual Report 2020

///// Sustainability / Financial Review / Business Review / Leadership / Governance /// MISC Berhad / Integrated Annual Report 2020 7 150 MISC Berhad / Integrated Annual Report 2020 7 151 /// Governance / Leadership / Business Review / Financial Review / Sustainability ///// Section Section Sustainbility Pillar Initiatives and outcomes Employees Response to COVID-19 In the face of the pandemic, AET established the Pandemic Response Team (PRT) chaired by the CEO, and consisting of the Executive Leadership Team (ELT), the Product Business Head and the Corporate HSSE (CHSSE) Head. The team put in place a robust Pandemic Response plan, looking at the control measures for business travel, personal travel, managing visitors and social distancing measures. As an organisation with employees and business operations in various global locations, the workplace measures took into consideration the different national and regional level responses, health threat assessment, risk of infection during commutes, medical response capability in the locality, support for medically at-risk groups and the need to maintain business continuity. Following the spread of COVID-19, AET introduced flexible work arrangements, and although we were faced with situations that make relieving crew members difficult, we explored all avenues to relieve our crew as timely as possible amidst the ever-changing global health measures. As a result, our fleet continued their voyages without causing any significant headwind for our customers. As part of our efforts to ensure the health and safety of our people during the pandemic, we provided them access to a virtual doctor through our partnership with three application platforms, namely ‘Doctor Anywhere’, ‘Doctor World’, and ‘Hi Doc’. This move enabled our workforce to get timely medical attention whenever required. For our seafarers, we introduced enhanced maritime security protocols for vessels calling into high-risk areas such as the Gulf of Guinea and the Persian Gulf to assure our people of their safety and security. Diversity and Inclusion In 2020, as part of our commitment to diversity and inclusion, AET adopted the Diversity and Inclusion Policy. The policy centres on promoting diversity and inclusion as an essential element of AET’s human capital management, based on our central belief that an inclusive workplace fosters a sense of belonging and helps employees of all backgrounds to thrive. Under the Diversity and Inclusion framework, gender, nationality, and multi-generations are the three focus areas that we are leveraging to build our Employee Value Proposition (EVP). We benchmark gender equality through the Bloomberg Gender-Equality Index (GEI), which utilises a Gender Reporting Framework. Given the international landscape of our company, our talent pool is inherently diverse, with 20 nationalities. AET’s male to female gender ratio is nearly equal at 1:0.8. We have a significant number of female leaders in our management, with 29% in middle management and 25% in the senior leadership. Talent Management We believe in supporting our people through a robust talent development agenda that encourages all employees to enhance their knowledge and learn new skills to remain relevant in the evolving business environment. In line with encouraging cross-learning among the different teams and offices, we launched the ‘New Norm in Learning 2020’, where our internal subject matter experts conducted sharing sessions on Sustainability, Inclusivity and Leadership, Compliance Awareness, and Business Awareness. This contributed to over 1,478 hours of learning for our employees. Sustainbility Pillar Initiatives and outcomes Environment Despite the difficulties of the year, AET has retained our sterling reputation in the environmental space, reinforcing our reputation as a greener shipping solution provider. • AET took delivery of Eagle Blane and Eagle Balder amongst one of the first LNG dual-fuel DPSTs ever built. These sister DPSTs meet substantial emission benefits when operating on LNG as fuel. LNG emits approximately 20 to 25% less CO2 than conventional marine fuels when providing the same amount of propulsion power. The vessels also emit 85% to 90% less SOx and NOx, 98% less particulate matter and 93% less black carbon particulates than DPSTs burning conventional fuel. • AET also took delivery of a series of five eco-efficient DPSTs, namely the Eagle Petrolina , Eagle Paulinia , Eagle Paraiso , Eagle Passos and Eagle Pilar . All five vessels were safely delivered and gained the customers’ stringent acceptance tests, operating on long-term charters to Petrobras and Shell in the Brazilian Basin. • Eagle Petrolina , Eagle Paulinia , and Eagle Paraiso are the first DPST vessels to have received DNV GL’s SmartShip notation. - - To qualify for DNV GL’s SmartShip descriptive notation, a vessel must be equipped with technological features considered as smart technologies in marine applications, following the DNV GL Class Guidelines for SmartShip CG-0508. The vessels received the notation for their navigation decision support system with route optimisation features, an energy efficiency management system with trim optimisation, and a ship performance monitoring system. - - The shuttle tankers are installed with SVESSEL, Samsung Heavy Industries’ (SHI’s) solution to meet the SmartShip standard, which enables monitoring, planning, reporting, and managing of information data of the vessel from onshore. - - Furthermore, Eagle Passos is the first shuttle tanker to be granted an ABS smart notation, which recognises the vessel’s data communication and network infrastructure. - - These DPSTs operate to the highest operational and environmental standards, including full compliance with IMO NOx Tier 3 and SOx emission requirements. • In 2020, our Aframax LNG dual-fuel tanker, Eagle Brasilia and LNG dual-fuel DPST, Eagle Balder were certified by the Green Foundation Award (GFA), joining three other AET vessels Eagle Barents , Eagle Bergen and Eagle Blane . • AET was also certified as a Green Seal Partner, validating our commitment to promoting sustainability by focusing on waste reduction and recycling, responsible use of office supplies, training and education. AET offices in Singapore, Houston, and Rio De Janeiro are now Green Seal certified. PETROLEUM & PRODUCT SHIPPING