Sustainability Pillars Key Focus Areas Strategic Priorities Key Achievements Reference to Other Sections Social Community Investment • To foster youth development towards becoming future leaders through education • Sponsored 751 students with an investment of RM24.2 million for ALAM Cadet Scholarship programme in 2022 through Eaglestar • AET sponsored two more students via the AET-MaritimeOne Scholarship and 10 students at Texas A&M University Galveston Campus Governance To foster strong governance and business ethics culture Values, Assurance and Business Ethics • To continuously embed a culture of strong corporate governance and business ethics and conduct • To enhance cybersecurity framework and safeguard our operations • Implemented company-wide and management compliance scorecards to measure the compliance levels of every business unit, service unit and subsidiaries (both management and employees) in 2022 • Conducted the annual MISC Compliance and Ethics Culture Survey in September 2022 and recorded a significant increase in ratings in four categories - Leadership, Ethical Risk Assessment, Bribery & Corruption Programme, and Ethics Training and Education • Strengthened the Group’s Compliance and Ethics framework and oversight of the Group’s Business Ethics and Conduct • Implemented the mandatory Compliance e-Learning modules on the Six Critical Legal Areas (CLA) • Delivered 18 awareness and engagement programmes on Six CLAs • 83% of MISC Group certified with ISO37001 ABMS - MISC Group, AET, MHB, MMS and Eaglestar • Conducted annual Bribery and Corruption Risk Assessment (BCRA) • Introduced 145 Operational Legal Areas (OLA) Functional Checklists (FC) in MyAssurance platform to capture assurances to applicable laws and regulations other than CLAs • Group Internal Audit conducted a review of our CoBE and Compliance Governance • Scored full marks for Governance theme in FTSE4Good Bursa Malaysia for three consecutive years • Completed human rights risk assessment for Offshore Business, ALAM and Group Security Sustainability Pillars Key Focus Areas Strategic Priorities Key Achievements Reference to Other Sections Governance Responsible Supply Chain Management • To drive sustainable practices with our suppliers • Conducted awareness and engagement sessions with our suppliers sharing our ESG agenda and MISC Group Supply Chain ESG Self-Assessment Framework • 2022 ESG Self-Assessment for suppliers results - 15% in the “Meets Requirements” category; 60% were in the “Meet Some Requirements” category; and 25% were in the “Needs Improvement” category • Developed digital procurement platform which introduced Category Management to streamline our procurement processes Stakeholder Engagement To create value through trusted stakeholder relationships • Collaborate with strategic partners • Promote sustainability awareness • Communicate effectively through identified platforms • Feedback sought regularly from stakeholders • Transparency through disclosures on sustainability- related frameworks • Conducted MISC Group Stakeholder Engagement and Materiality Assessment Survey which consists of 3 parts - Customer Satisfaction Survey, Stakeholder Engagement Survey, and Materiality Assessment • Engaged actively with stakeholders on MISC’s ESG performance and sustainability strategy • Constituent of the Dow Jones Sustainability Index (Emerging Markets) for the second consecutive year • Inaugural entry into S&P Global Yearbook 2023 - listings shows distinction companies with strong companies commitment on Corporate Sustainability • Constituent of FTSE4Good Bursa Malaysia for nine consecutive years • Scored “low risk” by Sustainalytics’ ESG Risk Ratings for two consecutive years Operating Responsibly in the Sustainability Report Strengthening Cybersecurity in the Sustainability Report Embracing a Sustainable Supply Chain in the Sustainability Report Partnering with the Community in the Sustainability Report Building Trusted Relationship in the Sustainability Report DELIVERING OUR STRATEGY Strategic Review Strategic Review 81 80 MISC Berhad Integrated Annual Report 2022
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