Who We Are An Emerging Global Energy Solutions Provider Since its inception in 1999, Wasco Berhad has emerged as a leading global energy solutions provider, listed on the Main Market of Bursa Malaysia Securities Berhad since 2002. With a diverse workforce exceeding 5,000 employees representing over 40 nationalities, our operations span across 17 countries worldwide. Focused on two strategic business divisions – Energy Solutions Services and Bioenergy Solutions Services – we specialise in delivering tailored services including pipe coating, corrosion protection, Engineering, Procurement, and Construction (EPC), fabrication, and rental of gas compressors and process equipment. Serving the global oil and gas sector, our Bioenergy Solutions Division is committed to renewable energy, agriculture development, and infrastructure materials, catering to industries ranging from plantations to power generation. Beyond financial success, Wasco is driven by a commitment to innovation and productivity, aiming to become a world-class integrated energy infrastructure group. Upholding corporate values rooted in uniqueness and capabilities, we prioritise health, safety, and environmental sustainability in all facets of our operations, demonstrating unwavering dedication to sustainable development and community welfare. Our Path to a Sustainable Future At the forefront of the industry, Wasco is dedicated to significantly reducing operational carbon emissions, with a target of achieving net-zero emissions by 2026. Guided by the United Nations’ Sustainable Development Goals (UNSDGs), we are actively pursuing targeted initiatives to minimise our carbon footprint, ensuring a sustainable future for generations to come. In 2021, we introduced the “Wasco Forest” reforestation programme, a cornerstone of our sustainability efforts aimed at conserving endangered and critically endangered rainforest tree species while contributing to the restoration of forests in Pahang. Targeting species such as Merawan and Meranti, alongside other endangered varieties listed in the 2000 Red List (IUCN 2001), this initiative seamlessly aligns with the UNSDGs, particularly SDG 13 (Climate Action) and SDG 15 (Life on Land), by directly addressing the climate crisis and emphasising the preservation and sustainable use of terrestrial ecosystems. Committed to a CommunityCentric Approach In addition to environmental impact, our sustainability initiatives prioritise community-focused effor ts, supporting SDG 1 (No Poverty) and SDG 10 (Reduced Inequalities). By enhancing livelihoods and creating sustainable economic opportunities within the communities we serve, we aim to reduce inequalities and uplift the lives of those involved in our reforestation efforts. 08 Integrated Annual Report 2023
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