Climate Change Data

Environmental Metrics

ESG Focus Areas

• Business ethics and anti-corruption
• Occupational health and safety
• Customer satisfaction

Environmental Achievements

• Maintained zero HSE non-compliance reports in FY2020
• Recycled 20 tons of metal waste at Kemaman site

Social Achievements

• Zero Lost Time Incidents (LTIs) in FY2020 out of 829,435 total man-hours
• Conducted 119,797 hours of HSE trainings for 1,579 contractors, vendors, and employees
• Contributions to MERCY MALAYSIA and MALAYSIAN RELIEF AGENCY

Governance Achievements

• Established a two-tier sustainability governance structure: Board and Sustainability Committee
• Implemented Code of Business Conduct and Ethics, Anti-Bribery and Corruption Policy, Whistleblowing Policy, and Employee Handbook
• Adherence to Malaysian Anti-Corruption Commission (Amendment) Act 2018

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting business operations
• Maintaining high safety standards in a physically demanding industry
• Limited employee diversity due to the nature of the oil and gas industry

Mitigation Strategies

• Followed government guidelines and focused on protecting stakeholder socio-economic wellbeing
• Implemented robust HSE measures, regular education, and continuous safety programs
• Implemented programs to enhance positive impacts on cyber security, employee diversity, and community engagement

Supply Chain Management

Responsible Procurement

• Fair, transparent, and equal supplier selection process
• Supplier application requiring HSE, quality, and ethical conduct documentation
• Verification, audit, and evaluation processes to mitigate supplier-related risks

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Guide (2nd Edition), Global Reporting Initiative (GRI) Standards (Core option)

Certifications: ISO 9001:2015

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 8
• Goal 9
• Goal 12
• Goal 14
• Goal 16

Providing services that support O&G sustainable development; initiatives related to health and wellbeing, education and training, gender equality, economic growth, infrastructure development, sustainable consumption and production, ocean conservation, and promoting peaceful and inclusive societies.

Awards & Recognition

• Most Outstanding Agency for KOSPEN Plus by Ministry of Health Malaysia, Pusat Kesihatan Daerah Kawasan Titiwangsa 2019
• Special HSE Initiatives Award by PD&T, Petronas 2019

Environmental Metrics

ESG Focus Areas

• Governance, Ethics and Compliance
• Occupational Health and Safety
• Customer Satisfaction
• Business Strategy and Performance

Environmental Achievements

• Maintained a zero non-compliance report regarding HSE aspects of business operations
• Awarded Best HSE Contractor Award 2021 by SEA Hibiscus Petroleum

Social Achievements

• Implemented peer support initiative encouraging work-life balance
• Conducted 1,952 hours of external HSE training for 206 contractors, vendors, and employees
• Provided community relief work for underserved groups affected by the pandemic

Governance Achievements

• Established a rigorous set of implementation procedures to ensure compliance with policies
• Engaged a Head of Corporate Compliance and Control
• Implemented Whistleblowing Policy

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and requiring adaptation of work practices
• Shifting economic global climate in the O&G industry

Mitigation Strategies

• Implemented emergency actions and changes in work practices per COVID-19 SOP and Preparedness Plan
• Transitioned from in-person to online training
• Adopted safety protocols and measures under MOH and MITI advisement
• Implemented remote working, digital document sharing, video conferencing, and chat messages

Supply Chain Management

Responsible Procurement

• Extending Group’s Code and policies to supply chain partners
• Requiring suppliers to sign integrity declaration and comply with HSE regulations
• Providing HSE and ethical training and monitoring to vendors and suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Guide (2nd Edition), Global Reporting Initiative (GRI) Standards (Core option)

Certifications: ISO 9001:2015

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 8
• Goal 9
• Goal 12
• Goal 14
• Goal 16

Contribution to SDGs through services supporting O&G sustainable development and initiatives related to health, education, gender equality, economic growth, infrastructure, sustainable consumption, ocean conservation, and peaceful societies.

Awards & Recognition

• Best HSE Contractor Award 2021 (SEA Hibiscus Petroleum)

Environmental Metrics

ESG Focus Areas

• Economy
• Environment
• Society
• Governance

Environmental Achievements

• Maintained zero environmental spills.
• Improved waste management procedures based on DOE requirements.

Social Achievements

• Zero fatalities and Lost Time Injuries.
• Awarded HSE champion by Petronas Carigali.
• Improved FTSE Russell ESG rating from 1.7 to 2.7.
• Various community outreach initiatives focusing on B40 recipients.

Governance Achievements

• Performed Corruption Risk Assessment.
• Established rigorous procedures to enforce compliance with COBE and ABC policies.
• Implemented a Whistleblowing Policy.

Climate Goals & Targets

Environmental Challenges

• Global energy crisis due to the Russia-Ukraine conflict.
• Economic impacts of the pandemic.

Mitigation Strategies

• Focus on strong economic recovery.
• Embedding sustainability in business activities for long-term growth.
• Digitalisation to reduce energy consumption and waste.

Supply Chain Management

Responsible Procurement

• Compliance with laws on minimum wage, occupational health and safety, child and forced labor prevention.
• Adherence to ABC and COBE policies.

Climate-Related Risks & Opportunities

Opportunities

• Digitalisation to reduce energy consumption.

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Guide (2nd Edition), Malaysian Code of Corporate Governance (MCCG), Global Reporting Initiative (GRI) Standards (Core option)

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 8
• Goal 9
• Goal 12
• Goal 14
• Goal 16

Providing services that support O&G sustainable development.

Awards & Recognition

• HSE champion by Petronas Carigali
• HSE certificate of recognition for 4 million safe man-hours
• DOSH Grade A award for Work Site Compliance

Environmental Metrics

ESG Focus Areas

• Economy
• Environment
• Society
• Governance

Environmental Achievements

• Completed first Emissions Assessments for Scope 1, 2 and 3
• Launched conservation programmes for water and electricity usage
• Maintained 100% compliance with HSE statutory and regulatory requirements

Social Achievements

• Celebrated achievement of 20 million man-hours without LTI with Employee Get-Together & HSE Event
• Zero fatality rate
• Zero Lost Time Injury
• Zero environmental spill
• 1,889 hours of training conducted

Governance Achievements

• New policies: Human Rights & Labour Policy and Anti-Money Laundering & Anti-Terrorism Financing Policy
• Revised Whistleblowing Policy
• Initiated Counterparty Anti-Corruption Due Diligence Risk-Based Program

Climate Goals & Targets

Environmental Challenges

• Awaiting further guidelines from Government agencies and information from PETRONAS regarding emissions reduction

Mitigation Strategies

• Will develop a roadmap to pursue Net Zero to support Malaysia’s National Determined Contribution (NDC)

Supply Chain Management

Responsible Procurement

• Suppliers required to abide by all pertinent laws and regulations relating to minimum wage, occupational H & S, prevention of child & forced labour as well as our ABC and COBE.

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons (potential future risk)

Transition Risks

• Policy and Legal Risks
• Technology Risk
• Market Risk
• Reputational Risk

Opportunities

• Resource Efficiency
• Energy Sources
• Access to New Markets

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Guide (3rd Edition), Malaysian Code of Corporate Governance (MCCG), Task Force on Climate-related Financial Disclosures (TCFD), GHG Protocol, GRI Standards, United Nations Sustainable Development Goals (SDGs)

Certifications: ISO 9001:2015

UN Sustainable Development Goals

• 3
• 4
• 5
• 8
• 9
• 12
• 13
• 14
• 16

Services support sustainable development in the O&G industry.

Awards & Recognition

• Zero Incident Award from Hibiscus Oil & Gas Malaysia Limited
• 4 million safe man-hours HSE Focus Recognition from Petronas Carigali Sdn. Bhd.
• Champion (IRSO Project) LeAD from Petronas Carigali
• Winner of Petronas PMA Highest Stop Work Implementer
• DOSH Grade A award for Work Site Compliance

Environmental Metrics

ESG Focus Areas

• Climate Change
• Health, Safety & Environment (HSE)
• Talent Retention
• Human Rights
• Employee Welfare
• Customer Satisfaction
• Community Engagement
• Governance, Compliance & Ethics
• Risk Management
• Business Strategy & Performance
• Digitalisation
• Supply Chain
• Environmental Protection

Environmental Achievements

• Zero Incidence of Environmental Non-compliance
• Zero Incidence of Environmental Compliance
• Recycled 6% of waste in FY2024 (Labuan operation only)
• No evidence of negative impact on ecological biodiversity in FY2024

Social Achievements

• Zero substantiated complaints on Human Rights Issue
• Increased Volunteering Activities
• Zero Issues on Human Rights Reported
• Housekeeping and Feeding CSR Activity at Zoo Negara Malaysia
• Adopted a Malayan Sun Bear at Zoo Negara Malaysia
• Zero work-related fatalities
• Zero Lost Time Incident Rate (LTIR)

Governance Achievements

• Zero Anti-Corruption Incidence
• No Cases Reported
• Zero Incidence of Health & Safety Non-compliance
• Zero confirmed incidents of corruption

Climate Goals & Targets

Environmental Challenges

• Increased GHG emissions due to higher operational activity
• Transition risks related to policy and legal changes, technology costs, market shifts, and reputational concerns
• Potential physical risks from climate change (though Malaysia is currently in a typhoon-free zone)

Mitigation Strategies

• Commitment to achieving net-zero emissions by 2050
• Implementation of conservation and efficiency programs to reduce emissions and resource wastage
• Exploration of transition towards cleaner energy business segments
• Implementation of robust privacy and security measures to prevent data breaches
• Corruption risk assessment and mitigation strategies, including anti-corruption training and due diligence programs

Supply Chain Management

Responsible Procurement

• Code of Conduct & Business Ethics (“COBE”) and Counterparty Due Diligence
• HSE manual outlining company policies and measures related to HSE hazards, obligations, regulations, and standards
• HSE training for all suppliers, with additional intensive training for high-risk vendors
• Supplier conformance reports to monitor compliance

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons (potential future risk)

Transition Risks

• Policy and Legal Risks
• Technology Risk
• Market Risk
• Reputational Risk

Opportunities

• Resource Efficiency
• Energy Sources (renewable energy)
• Access to New Markets

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Guide (3rd Edition), Malaysian Code of Corporate Governance (“MCCG”), Task Force on Climate-related Financial Disclosures (“TCFD”), GHG Protocol, Global Reporting Initiative (“GRI”) Standards, United Nations Sustainable Development Goals (“SDGs”), FTSE4Good Bursa Malaysia (“F4GBM”) Index

Certifications: ISO 9001:2015

Third-party Assurance: Internal review by senior management and data custodians

UN Sustainable Development Goals

• SDG 8
• SDG 9
• SDG 3
• SDG 13
• SDG 14
• SDG 4
• SDG 5
• SDG 10
• SDG 16
• SDG 17

Carimin's contributions align with these SDGs through various initiatives related to economic growth, infrastructure development, health and well-being, climate action, ocean conservation, education, gender equality, reduced inequalities, peace and justice, and partnerships.

Awards & Recognition

• Petronas Focused Recognition Excellence in Promoting a Generative HSE Culture
• Hibiscus Petroleum Malaysia - 13 Years LTI-Free and 7 Years TRI-Free Milestone
• Achieving Grade A Recognition from DOSH Malaysia
• Petronas PD&T Health Safety & Environment Mentorship Program 2024 Award
• Petronas PMA Stop Work Authority (“SWA”) Winner 2024
• Hibiscus Petroleum Monsoon Safety Campaign – Zero Incident Award 2023/2024