Our Approach
We have embedded sustainability elements throughout our entire operations and business strategy.
Moving energy to build a better world
As a dynamic, progressive, and innovative global brand with over 50 years of history, MISC is conscious of the role that we play towards building a better world for our future generations. Being part of the energy value chain, our solutions enable the movement of energy cargoes through our vessels and assets to power businesses and economies all over the world.
As a responsible corporate citizen, we are energised to continue striving to elevate our standards in all that we do, to promote innovation, and to foster the development of a sustainable future. We deliver long-term shareholder value by operating safely, sustainably, and responsibly to sustain positive impacts for the environment and society.
Learn more about the different initiatives at MISC that aim to make a global impact and contribute to building a better world.
The Energy Transition
Moving towards decarbonisation through new zero-carbon fuels and lower carbon emission supply chains.
The Circular Economy
Eliminating waste and the continual use of resources, while increasing the use of renewable resources.
Health & Safety
Providing a safe and healthy environment for employees, contractors, and the community.
Biodiversity Conservation
Our vital role in maintaining the health of the world’s ocean and the preservation of marine biodiversity.
Digitalisation and Cybersecurity
Leading the future through digital transformation and innovative new technology.
Responsible Supply Chain
Driving sustainable and transparent practices with our suppliers and partners.
Community Investment
Fostering youth development towards becoming future leaders through education.
Our Sustainability Journey
In today's world, sustainability has become a vital aspect where companies are realising the importance of minimising their impact on the environment and contributing to society's well-being. MISC, being a responsible corporate citizen, has taken significant steps becoming a sustainable organisation. From reducing our carbon footprint to implementing rigorous safety standards, MISC has made remarkable progress. These are some of MISC's key sustainability milestones and achievements, highlighting our unwavering commitment.
2050
MISC Launches the Sustainability Framework and Establishes the Sustainability Steering Committee
MISC Honored with Best First-time Reporting Award and FTSE4Good Bursa Malaysia Inclusion
Launch of MISC’s new Vision, Mission Statements, Tagline, Cultural Beliefs and enhanced logo
MISC Develops Robust Sustainability Strategy
MISC's Sustainable Milestone
MISC Renews Fleet with Energy-Efficient Vessels
Recognised for Excellence in Sustainability and Environmental Leadership
Driving Sustainable Practices and Environmental Excellence
Advancing Sustainability, Wellbeing, and Climate Action
Powering Economies, Societies, Environment, Governance and Sustainability for Tomorrow
Navigating a Sustainable Future Together
Sailing Towards Sustainable Horizons
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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.
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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.
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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.
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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.
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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.
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MISC Renews Fleet with Energy-Efficient Vessels
MISC has been investing in energy-efficient vessels, enhancing sustainability and reducing environmental impact.
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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
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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
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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
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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
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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
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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
Strong sustainability ratings
Our sustainability performance is rated by the following agencies.
Contact Our Sustainability Team
Submit your enquiry using the form below and we will respond to your message as soon as we can. For direct enquiries, please email [email protected].
Our News
Sustainability news
Keep up to date with our latest sustainability initiatives and learn about the different ways we’re making a global impact.
Sustainability Report
View our sustainability report
Gain an in-depth understanding of how we are building a better and more sustainable world through our business operations. This Sustainability Report outlines our material environmental, social and governance (ESG) performance and our forward-looking commitments within the context of the maritime industry.
