Integrated Annual Report 2021

2020 • Developed Sustainability Strategy 2021-2025 • Established Sea Turtle Conservation Programme • Participated in Carbon Disclosure Project (CDP) • Received recognition at the Prime Minister Hibiscus Award (PMHA) for Notable Achievement in Environmental Performance ANCHORING SUSTAINABILITY @ MISC SUSTAINABILITY OUR JOURNEY SO FAR Focusing on sustainability will better position us to manage our environment, social and governance (ESG) risks, pursue opportunities for increasing efficiency, enter new markets, as well as enhance our reputation and position in our industry. 2021 marks 10 years since we launched our Sustainability Framework back in 2012. We have made good progress since we began taking a more focused approach towards managing our sustainability performance in the past decade. Our key sustainability milestones and achievements includes: 2021 - February 2022 • Established Board Governance and Risk Committee to provide focused Board oversight on sustainability • Signatory to Neptune Declaration on Seafarer Wellbeing • Embarked and became a supporter of Task Force on Climate-related Financial Disclosures (TCFD) • Pledged Net-Zero GHG Emissions Commitment by 2050 • Renewed GHG Intensity targets for 2030 • Renewed Getting to Zero Coalition - Call for Action Pledge • Member of Climate Governance Malaysia • Established MISC Group Ship Recycling Policy • Established MISC Group Diversity and Inclusion Statement • Received Sustainable Business Awards 2020/21 » » Winner - Waste Productivity & Materiality, Climate Change & Emissions, Land Use & Biodiversity » » Special Achievement - Stakeholder Management • Became constituent of Dow Jones Sustainability Emerging Markets Index 2019 • Mapped our strategic priorities alignment with the UNSDGs • Participated in Dow Jones Sustainability Index (DJSI) • Established Flagship Biodiversity Programme • Joined Getting to Zero Coalition • Received Sustainable Business Awards 2019 » » Best - Business Responsibility and Ethics and United Nations Sustainable Development Goals (UNSDG) » » Special Recognition - Strategy and Sustainability Management • Took delivery of first LNG dual-fuel vessel 2017 • Set carbon emissions reduction target • Embarked on the Integrated Reporting journey • Launched the MISC Group Sustainability Website 2016 • Developed the MISC Sustainability Strategy 2016-2020 2015 • Refreshed the MISC Vision and Mission Statement 2014 • Received the Best First-time Reporting Awards at MASRA 2015 • Became a constituent of FTSE4Good Bursa Malaysia 2012 • Launched the MISC Sustainability Framework • Established the Sustainability Steering Committee CAPTAIN RAJA SAGER MUNIANDY Vice President, Group Health, Safety, Security and Environment Sustainability is an imperative element that is embedded within our business strategy. Our sustainability strategic priorities pave the roadmap for us to deliver long-term value and positive impact to the environment, our employees and society. As part of our strategy, building collaborative relationships and innovative partnerships with our key stakeholders will enhance our commitment on decarbonisation, circular economy, health and safety, talent excellence and, last but not least, our values and business ethics. 2018 • Renewed fleet with better energyefficiency vessels • Established MISC Group Human Rights Commitment and Modern Slavery Policy MISC Berhad 96 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 97