MISC Integrated Annual Report 2020

PEOPLE DEVELOPMENT DIVERSITY AND INCLUSION At MISC, we are committed to creating and maintaining a diverse and inclusive work environment that attracts, retains and develops the best talent for our core and enabling businesses. Our emphasis on promoting diversity and inclusion has resulted in a committed and engaged workforce who are resilient, driving innovation and continuously improving business performance, all of which are critical in building a sustainable talented organisation. Our Diversity and Inclusion Aspirations are as follows: • Our global employer brand is synonymous with diverse and inclusive work environments • We promote female gender representation on our Boards and senior leadership teams • Our employees’ diverse nationalities reflect the markets we operate in and the clients we do business with • Our workforce is demographically and cognitively diverse with equity in opportunities and meritocratic human resource policies and processes • We are recognised as a leader in our sector and accredited for efforts on advancing diversity and inclusion • The communities we operate in and the partnerships we engage in benefit from our passion and commitment to creating opportunities for all • Inclusion is embedded as a way of life in the MISC Group To meet our Diversity and Inclusion Aspirations, we have developed the following strategic priorities: • Grow Our Diverse Talent: Our talent management system includes a focused hiring and recruitment strategy that is aligned with our business goals and growth plans. • Inclusive Culture and Work Environment: In line with our Shared Value of ‘Cohesiveness’, we aim to create an environment that reflects equal opportunities for our diverse workforce. We believe in respect for diversity and equal opportunities, and the prevention of all forms of discrimination. We employ a zero- tolerance approach towards any form of discrimination based on ethnicity, gender, religion, nationality, age, political affiliation, physical or mental disability, or any other personal characteristics or conditions. • Leadership Accountability: In line with our cultural belief of ‘Own It!’, we are embracing the spirit of diversity and inclusion by embarking on a ‘Leader owned Diversity and Inclusion’ programme where our understanding of diversity and inclusion is closely linked to our business strategy. We value all diversity pillars which are supported through our inclusion efforts. Our efforts towards growing our diversity and representation are focused on the following three key areas: • Gender – We support the principles of diversity and practise equality of opportunity among all our employees and have adopted a broad diversity policy to ensure that, over time, we promote gender diversity among senior management. • Nationality – We leverage on our diverse talent pool of multiple nationalities from around the world, to harness perceptions, ideas, insights and innovative thinking from plural perspectives. • Multi-generation – We believe that intergenerational diversity is key to a sustainable work environment that promotes healthy discourse and rich dialogues from different vantage points, which ultimately benefits the business. Leveraging the Strength of Diversity We recognise the strength of our people’s diverse knowledge and skills which fosters creativity and enhances our organisational resilience and responsiveness to enable the Group to rise to current challenges and engender a sustainable future. To date, MISC has a total of 8,632 employees from 43 nationalities. MISC Group has 25% female employees while MISC Berhad and AET recorded 40% and 44% (shore employees only) female employees, respectively, which are above the recommended industry average of 30%. On the shipping side, we have 59 female seafarers and the highest female ranking seafarer is a Senior Officer. By 2022, we expect at least four more women to take up leadership roles of Master and Chief Engineer at Eaglestar. Age of Employees Total Employee Turnover Total New Hire Ratio* of Male:Female Basic Salary Breakdown by age (Against total turnover shore employees only) Breakdown by age Breakdown by significant location (Against total turnover shore employees only) Breakdown by significant location (Shore employees only) Percentage of Shore and Sea Employees by Gender 4.9% 37.2% 87% 6.8% 10.5% 11.2% 86.6% 88.8% 13.4% 17.2% 47.2% 35.6% 40.2% 53.8% 6.0% Percentage of Executives/Officers & Non-Executives/Ratings 426 3,217 7,506 589 908 102 1,166 806 181 75 205 155 542 724 81 2,507 1,067 29.0% 12.4% 4,994 4,289 1,126 57.9% 49.7% 13% 705 59 3,699 4,933 8.2% 0.7% 42.9% 57.1% 56 and above Total Voluntary Turnover Total Turnover Shore Male Total Male Male Male 30 and below 30 and below Female Female 31-50 31-50 Over 50 Over 50 Shore Female Total Female 41-55 Sea Male 26-40 Sea Female 25 and below Executive/Officer Non-executive/ratings Malaysia 5,674 (65.7%) India 1,081 (12.5%) Philippines 668 (7.7%) Bangladesh 231 (2.7%) China 198 (2.3%) Indonesia 171 (2.0%) Singapore 117 (1.4%) US 68 (0.8%) Brazil 73 (0.8%) Others 351 (4.1%) Nationality of Workforce Malaysia 396 (91.1%) Malaysia 910 (95.8%) Singapore 24 (5.5%) Singapore 25 (2.7%) UK 3 (0.7%) UK 5 (0.5%) US 11 (2.5%) US 6 (0.6%) Brazil 1 (0.2%) Brazil 4 (0.4%) 1.2 : 1 Male Female *Exclude VP and CEO ///// Sustainability / Financial Review / Business Review / Leadership / Governance /// MISC Berhad / Integrated Annual Report 2020 7 202 MISC Berhad / Integrated Annual Report 2020 7 203 /// Governance / Leadership / Business Review / Financial Review / Sustainability ///// Section Section