Sustainability Report Economic As a global leading integrated energy group, we take responsibility to power global and local economies seriously. We are a critical part of the world’s energy infrastructure, and we believe in lowering barriers to clean, affordable energy for everyone, everywhere. In 2023, our Company generated a direct economic value of RM 2.606 Billion in revenue. Our economic impact also extends to our role as a global employer. At the end of 2023, we employed approximately 5,752 employees and offered fair and competitive wages and benefits. Developing a diverse global workforce helps bring innovative and sustainable solutions to the market, contributing towards the future of energy transition. Supporting Sustainable Economic Growth and Development Through Our Operations Wasco has been a leading integrated energy group that operates globally, providing comprehensive technical services primarily to the oil and gas sectors worldwide. Increasingly, we leverage on our expertise to contribute to the advancement of other industries such as carbon capture and storage pipelines, wind-offshore, data centers and renewable energy. Pipeline Services Wasco is a recognised market leader in pipe coating, manufacturing spiral welded steel pipes and providing offshore corrosion control system. We have a global operations strategically serving the energy industry and have coated over 22,000km of pipelines across 25 countries. Engineering and Fabrication Services Wasco provides an all-encompassing solution covering Engineering, Procurement and Construction (“EPC”) project delivery and offering modular fabrication solutions for the global energy industry. Our fabrication facilities are strategically located in Southeast Asia and the Middle East & Africa. We invested in world-class facilities featuring fully concreted waterfront fabrication base in the Southeast Asia FT zone, spanning over 34 hectares and equipped with a dedicated jetty for loading modules up to 10,000 tonnes. This enables us to adapt our expertise to fabricate for renewables. Bioenergy Services Wasco is the largest fabricator of steam biomas turbines and boilers, serving 70% of the agro industry. Our high-capacity boilers run on clean energy, including biomass and natural gas, contributing to eco-friendly solutions. In addition, our Heat Recovery System Generator technology achieves 80%+ efficiency, reducing carbon footprint for industrial clients. 62 Integrated Annual Report 2023
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