MISC Integrated Annual Report 2020

Eco Movie Screening In conjunction with World Ocean’s Day, a two-part virtual screening of the film “Chasing Corals” was held and the invitation was extended to all employees. The screening is aimed at raising awareness amongst our employees on the underlying issue that is threatening the coral’s health, the film follows a team of divers, photographers and scientists out to photograph the elusive process of coral bleaching. Environmental Fines And Penalties As a result of our heightened commitment to ensuring full compliance to all the relevant environmental regulations, MISC has not been sanctioned with any fines and penalties with regards to environment in 2020. SECURITY During the year, MISC continued to implement MISC’s Security Policy by adopting effective security management system across the Group despite facing a COVID-19 pandemic including conducting assurance and investigation processes remotely and providing regular security analysis and travel advisory for the Group to ensure the safety and security of our people, environment, asset and reputation. In 2020, we focused on raising the security awareness among employees on related and latest security issues by holding the annual security awareness programme and for the first time, held it virtually. The programmes we held during the year are as follows: • Federation of Malaysian Consumers Associations (FOMCA) - Online Shopping Scams: An ounce of prevention is worth a pound of cure • International SOS - Consideration for Safe Travel in the New Normal We also accelerated our engagements with our stakeholders, including the authorities such as local enforcement and government agencies. These engagements discussed and exchanged views on related security issues and concerns and succeeded in enhancing relations at the working level. CYBERSECURITY A key move during the year was the establishment of the MISC Cybersecurity team as led by the Chief Information Security Officer (CISO). An Enhanced Cybersecurity Strategy has been constructed based on the PETRONAS Cybersecurity Governance Framework and the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) which is the global standard in cybersecurity. The CSF is currently being rolled out in phases, and will further strengthen MISC’s cybersecurity, and concurrently meet the maritime cybersecurity requirements. Cybersecurity standards, guidelines and technologies are being updated and fortified across the Group to ensure alignment to the strategy and the increasingly challenging cyber landscape. Further initiatives and awareness programmes will be conducted group- wide in early 2021, with assurance programmes held later in the year to gauge the level of compliance. A five-year plan has been formulated under MISC Sustainability Strategy 2021 - 2025 plan to chart the path for continuous maturity of cyber security in MISC, with the aim of achieving ISO27001 group-wide by the end of 2023. Progress on the initiatives is reported regularly to MISC HSSE Council and the Board. BUSINESS CONTINUITY PLANNING (BCP) MISC’s Business Continuity Management (BCM) aims to build the capability of the Group to recover and continue the operations of critical business functions in the event of any disruption. The Business Continuity Plan (BCP) was established through the BCM process to enhance MISC’s preparedness to recover and restore businesses’ critical functions within a reasonable period of time towards sustaining the Group’s activities and minimising disruptions to stakeholders. Simulation exercises of test scenarios validate the effectiveness of recovery strategies, as well as maintain a high level of competence and readiness as identified in the BCP. Different levels and scenarios of BCP simulations are conducted throughout a period of 1-3 years. Business Impact Analysis and recovery plan reviews are carried out on an annual basis. The Group’s persistence in exercising and maintaining BCP has paid off when business disruption was successfully avoided during the onset of the COVID-19 pandemic and the consequential enforcement of lockdowns imposed by governments globally. OPERATING SAFELY AND SUSTAINABLY ///// Sustainability / Financial Review / Business Review / Leadership / Governance /// MISC Berhad / Integrated Annual Report 2020 7 226 MISC Berhad / Integrated Annual Report 2020 7 227 /// Governance / Leadership / Business Review / Financial Review / Sustainability ///// Section Section