Sustainability

MISC Launches the Sustainability Framework and Establishes the Sustainability Steering Committee

MISC's Sustainability Framework and the establishment of the Sustainability Steering Committee reflect the company's determination to be a leader in sustainable business practices. By integrating sustainability into its core values, MISC aims to not only protect the environment and society but also secure long-term success and reputation in the industry.

MISC Honored with Best First-Time Reporting Award and FTSE4Good Bursa Malaysia Inclusion

MISC, a leader in sustainability, was honored with the Best First-Time Reporting Award at MaSRA 2015. Additionally, the company became a part of the prestigious FTSE4Good Bursa Malaysia Index, recognising its commitment to transparency and sustainable practices.

MISC Reveals Updated Vision and Mission Statement

MISC, a leader in sustainability, reveals its refreshed Vision and Mission Statement, reaffirming its commitment to creating a positive impact through sustainable practices.

MISC Develops Robust Sustainability Strategy

The MISC Sustainability Strategy serves as a guiding framework for the company's strategic decision-making, ensuring that sustainability remains at the forefront of its operations. Through the implementation of this strategy, MISC is dedicated to creating a positive impact on the environment, society, and economy while delivering long-term value for its stakeholders.

MISC's Sustainability Milestone

MISC set a carbon emissions reduction target, started the Integrated Reporting journey, and unveiled its Sustainability Website, demonstrating a commitment to environmental responsibility and transparent communication.

MISC Renews Fleet with Energy-Efficient Vessels

MISC has been investing in energy-efficient vessels, enhancing sustainability and reducing environmental impact.

Recognized for Excellence in Sustainability and Environmental Leadership

• Increased alignment with the UNSDGs
• Participated in the Dow Jones Sustainability Index (DJSI)
• Established Heart of the Ocean Programme
• Received Sustainable Business Awards 2019
  • Best in Business Responsibility and Ethics and United Nations Sustainable Development Goals (UNSDGs)
  • Special Recognition in Strategy and Sustainability Management
• Took delivery of the first LNG dual-fuel Aframax
• Established MISC Modern Slavery Policy & Human Rights Commitment
• MISC Group joined the Getting to Zero Coalition
• Initiated The Castor Initiative - ammonia-fuelled ZEV

Driving Sustainable Practices and Environmental Excellence

• Developed MISC Group Sustainability Strategy 2021-2025
• Established UMT-MMS 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

Advancing Sustainability, Wellbeing, and Climate Action

• Established Board Governance and Risk Committee to provide Board oversight on Sustainability
• Became a signatory to the Neptune Declaration on Seafarer Wellbeing and Crew Change
• 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 (shipping operations)
• Initiated usage of renewable energy
• Became a signatory of the Call to Action for Shipping Decarbonisation
• Established MISC Group Ship Recycling Policy
• Established MISC Group Diversity & Inclusion Statement
• Received Sustainable Business Awards 2020/21
  • Winner in Waste Productivity & Materiality, Climate Change & Emissions, Land Use & Biodiversity
  • Significant Achievement in Stakeholder Management
• Became constituent of the Dow Jones Sustainability Emerging Markets Index

Powering Economies, Societies, Environment, Governance and Sustainability for Tomorrow

• Secured USD 527 million 11-year Sustainability Linked Loan (SLL) to finance the delivery of six very large ethane carriers (VLEC) purchased in July 2020
• Reduced 17% GHG intensity compared with 2008 
• Developed Ship Recycling Yard Assurance Programme and developed MISC Group Ship Recycling Guidelines
• Developed MISC Group Heart of the Ocean Guidelines and launched Employee Participation Program (EPP) for reef surveys and capacity building
• Contributed RM24.2 million for ALAM Cadet sponsorship
• Won the Silver Award at The Edge ESG Awards, under the transportation category
• Remained as a constituent in the Dow Jones Sustainability Index (Emerging Markets) for two consecutive years and FTSE4Good Index for 9 Consecutive years

Navigating a Sustainable Future Together

• Maintained our position in the S&P Global Sustainability Yearbook for two consecutive years
• Won the Silver Award at the Star ESG Positive Impact Award for the category of Sustainable Ecosystems
• Represented MISC Group at the Shaping the Future of Shipping: Delivering a Net-Zero World Summit, COP28, Dubai
• Entered into an agreement with Pengerang LNG (Two) Sdb. Bhd. (PLNG2SB), for the supply, operation, and maintenance of an LNG FSU which will be converted from one of MISC's LNGCs
• Our Marine & Heavy Engineering segment (MHB) secured a subcontract for the first offshore substation (OSS) high voltage direct current (HVDC) platform
• Received delivery of two modern and energy-efficient LNGCs, Seri Damai and Seri Daya, for SeaRiver Maritime (SRM)
• AET successfully delivered two of its three VLCCs powered by dual-fuel LNG engines, on long-term charter to Shell Private Limited

Sailing towards Sustainable Horizons

• Won the Silver Award at the Star ESG Positive Impact Award for the category of Sustainable Ecosystems
• AET delivered the third VLCC powered by dual-fuel LNG engines, Eagle Veracruz, to Shell in January 2024
• Won the Silver Award at The Edge Malaysia ESG Awards 2024 for the third consecutive year in the Transportation category
• Won the Industry Excellence Award in Transportation & Logistics for National Corporate Governance & Sustainability Award (NACGSA) 2024