Coastal Contracts Bhd.

Climate Impact & Sustainability Data (2023)

Total Energy Consumption:27,296.9 MWh/year

Water Consumption:24.2 megalitres/year

Commencement of operations of EMC Papan Plant in February 2023, preventing gas flaring and contributing to CO2 reduction.
Use of low sulphur fuels and fuel-efficient marine engines in offshore vessels, complying with IMO 2020 regulations.
Use of non-toxic and non-polluting tin-free antifouling paints in ship hulls.
Energy efficient practices in office, reducing energy consumption.

Total training hours of 623 hours across employee categories.
Implementation of standard operating procedures to mitigate the impact of the Covid-19 pandemic.
Monetary donations to various local communities totaling RM 236,500.
Contribution to PACMA (PEMEX's CSR initiative) with donations of ambulances and trucks to Mexican municipalities.

Establishment of Whistleblowing Policies and Procedures.
Establishment of an Anti-Bribery and Corruption Policy (ABC Policy) with 100% employee training/compliance across categories.
Annual assessment of the independence of Independent Directors.

Long-term Goals:

Medium-term Goals:

Establish medium to long term strategic plan for diversification into renewable energy sector.
Net carbon reduction at Project level.
Diversity into renewable energy sector.

Short-term Goals:

Focus on investments into production-related infrastructure projects (preferably natural gas) with greater sustainability.

Slower than expected collection from Pemex, resulting in a substantial impairment loss on receivables of RM185.2 million.
Underperformance of the Shipbuilding and Ship Repair Division due to lesser ship repairing contract works.
Global economic uncertainty due to geopolitical tensions, inflation, and potential recession.

Prudent cash management strategy to build up reserves.
Monetisation of the Group’s OSV fleet.
Diversification into the tourism sector.
Focus on recession-proof projects with stable earnings visibility (e.g., gas conditioning plants).

Procurement Policy ensuring ethical conduct and value for money; approximately 58% spending on local suppliers.

Frameworks Used: Bursa Malaysia Sustainability Reporting Guidelines

Investments in cleaner energy infrastructure projects (natural gas) promoting energy savings, CO2 emission reduction, and accessible energy.