Sustainability Pillars Key Focus Areas Strategic Priorities Key Achievements Reference to Other Sections Environment To care for the environment and operate responsibly Towards Decarbonisation • Transition to low carbon operations • Deploy zeroemissions vessel latest by 2030 • Decarbonised shipping operations by 2050 • Net-Zero GHG emissions by 2050 • Reduced fleet average CO2e intensity by 17% compared to 2008 baseline • Set a midterm target to achieve 50% GHG intensity reduction for shipping operations by 2030 against a baseline year of 2008, and a long-term target to achieve Net-Zero GHG emissions for all operations by 2050 • Pledged our Net-Zero GHG Emissions Commitment by 2050 • Conducted a materiality assessment of our Scope 3 emissions according to the Greenhouse Gas Protocol – Technical Guidance for Calculating Scope 3 for our key businesses i.e. Petroleum & Product Shipping, Offshore Business and Marine & Heavy Engineering Business Promoting the Circular Economy • To promote the elimination of waste and the continual use of resources • To increase the usage of renewable resources • Issued MISC Group Ship Recycling Policy on 1 September 2021 • Initiated Ship Recycling Yard Assurance Programme in 2022 to pre-approve yards used by MISC for safe and responsible ship recycling • Developed MISC Group Ship Recycling Guidelines in 2022 incorporating sustainable social and ecological responsibility for safe and responsible ship recycling • Set 4R (Refuse, Reduce, Reuse, and Recycle/ Recover) targets for hazardous, nonhazardous, paper, and plastic waste to be achieved by 2025 Biodiversity Conservation • To conserve and rehabilitate marine biodiversity • Expanded our Heart of the Ocean (HOTO) Programme to cover conservation of mangrove forests • Invested RM300,000 in the HOTO Programme for conservation of coral reefs and mangrove forests, and protection of sea turtles • Conducted three Employee Participation Programmes with 77 employees taking part in volunteerism activities for HOTO • MMS sponsored RM200,000 for UMT-MMS Sea Turtle Conservation Initiative • MHB embarked on River Rehabilitation Programme in 2022 Sustainability Pillars Key Focus Areas Strategic Priorities Key Achievements Reference to Other Sections Social To promote health and safety, individual and team excellence as well as generating positive impact on communities Health and Safety • To provide a safe and healthy environment for employees, contractors and our communities • To achieve Generative HSSE Culture • Zero fatalities in 2022 • In December 2022, the MSOSH awarded FSO Puteri Dulang its first Gold Class Occupational Safety & Health (OSH) Award, while FSO Orkid obtained its third Gold Class OSH Award FSO Orkid was also awarded the Hibiscus Petroleum Monsoon Safety Campaign Zero Incident Award 2021/2022 • Obtained the Occupational Safety and Health Gold Class I award at the MSOSH Awards 2022 Social Talent Excellence • To futureproof talent and leadership agenda by accelerating talent potential • To build a performancedriven workforce in an engaging and inclusive work environment • Introduced a refined performance rating scale that commensurates with our rewards programme • Revised and enhanced our medical benefits, flexible benefits and leave benefits to remain competitive and provide benefits in line with employees’ expectations • Rolled out various Diversity & Inclusion activities and awareness sessions • Continued to provide employees with various flexible working arrangements – Flexwear, Flexwork, Flexhour, and Flexcareer • Employee Assistance Programme provides holistic support covering physical, mental and emotional well-being • Promoting psychological and physical health through various programmes – Mental Health Framework (Assist, Breathe and Care), Mindfulness Programme, Virtual Walking Challenges, Workout Wednesdays and Quarterly Health Talks • Conducted PETRONAS Organisational Cultural Survey 2022 (POCS 2022) with a response rate of 95% • Launched Career Management Framework to promote employee self-driven career pathing • Established Technical Management Development Committee (TMDC) to develop technical professionals and engineers • RM78.9 million invested in capacity building • Achieved >90% target set for High Performing Talent Retention and Succession Planning MC positions (target: 2:1 ratio) for two consecutive years DELIVERING OUR STRATEGY Our Decarbonisation Pathway in the Sustainability Report Operating Safely in the Sustainability Report Promoting Circular Economy in the Sustainability Report Conserving Marine Biodiversity in the Sustainability Report Our People, Our Strength in the Sustainability Report Strategic Review Strategic Review 79 78 MISC Berhad Integrated Annual Report 2022
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