MISC Berhad's consistent performance and improved transparency of its Environmental, Social and Governance (ESG) practices has enabled the company to maintain its position in the FTSE4Good Bursa Malaysia Index, one of the globally recognised sustainability indices. In the latest assessment, MISC's overall rating has improved further to 3.3 compared to 3.0 recorded in December 2016.
"Year after year, we have been progressively enhancing our efforts in championing the sustainable development agenda and this achievement reflects the constant improvement we have made in adhering to good ESG practices. In MISC's pursuit of long term stability and success with sustainability at the core, maintaining a responsible and ethical business conduct as well as continually creating holistic value for our stakeholders will enhance our competitiveness in the years to come," said Mr. Yee Yang Chien, President/Group CEO of MISC.
Moving forward, MISC's approach in managing sustainability issues within the Group shall continue to be driven by its Sustainability Strategy (launched at the end of 2016) that focuses on six sustainability pillars of Customers, Shareholders, Governance & Business Ethics, Employees, Environment and Community. Emphasizing on enhancing MISC's social integrity, improving our environmental stewardship as well as creating economic value for its stakeholders, the Sustainability Strategy shall serve as the five-year roadmap to guide the company in conducting its business as a responsible corporate citizen.
Mr. Yee added, "2017 marked the second year of implementation for our Sustainability Strategy with additional objectives and initiatives that further define the MISC Group's sustainability efforts into tangible goals and measurable objectives until 2020. Through the Strategy we aim to challenge ourselves on ways to create the most meaningful economic, social and environmental impact to our key stakeholders as well as foster a more sustainable future for all."
MISC first appeared in the FTSE4Good Bursa Malaysia index series for Malaysian Public Listed Companies when it was initially announced in 2014 and has remained listed ever since. MISC has been featured in the FTSE4Good Bursa Malaysia index series for the fourth year running in recognition of the company's continued strong performance against stringent ESG benchmarks, thanks to the Group's commitment to adhering to good corporate responsibility practices. This recognition also highlights MISC's position as a role model, and its leading the approach within the Malaysian market in managing our ESG risks.
