MISC BERHAD 76 INTEGRATED ANNUAL REPORT 2023 77 www.miscgroup.com STRATEGIC REVIEW SECTION 6 Delivering Our Strategy and Its Focus As the global community seeks to bring about a Net-Zero future, we are witnessing the stepping up of commitments worldwide to combat climate change, as well as the acceleration of energy transition and circular economy. All these pose significant risks to MISC if left unaddressed, as it would limit our growth ability in the longer term. Towards future proofing our business as one that is a significant contributor to the global economy, MISC is implementing our medium to long-term strategy, MISC 2050. Net-Zero GHG Commitment MISC Group is committed to achieving Net-Zero GHG emissions by 2050 within both our own operations and across our value chain through the following climate strategy Progressively converting our fleet and ensuring all newbuilds are zero-carbon emission vessels by 2030. Increasing the use of renewable energy on our vessels, offshore assets and land operations. Retrofitting carbon removal technologies on existing vessels. Continuously deploying energy-efficient technologies and increasing operational efficiencies.
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