BURSA TOP 20: WHO'S THE MOST CHARITABLE?

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MISC Berhad

MISC Berhad is a world leading provider of international energy-related maritime solutions and services, operating a modern and diversified fleet powered by a multi-national workforce of over 8,800 talents. The Group is firmly committed to creating value for their stakeholders and contributing to the sustainable development of the maritime industry. MISC’s Sustainability Strategy (2021 – 2025) consists of five sustainability pillars; Financial, Environment, Social, Governance and Stakeholder engagement. One of their sustainability commitments is through biodiversity conservation to rehabilitate marine biodiversity by supporting sustainable reef management and sea-turtle conservation. 

Fiscal Year-End: 31 December 2021

Note:

Proportion of in-kind giving is not visualized in the chart above due to its small percentage.

The net profit reported by MISC during FY2021 is at RM1.83 billion. 

The Group remained a consistent level of dividend payout for the third year running of 33.0 sen per share equivalent to a total of RM1.47 billion. 

The amount of cash contribution detailed in MISC’s annual and sustainability report was approximately RM3,500, excluding staff donations through the MISC Disaster Relief Fund.

The monetary amount of in-kind contributions reported in the Group’s annual and sustainability report was approximately RM23.14 million. The biggest sum of giving was at RM21.71 million through their annual sponsorship for the Alam programme.

The employee volunteer hours was not detailed in the Group’s annual and sustainability report.

MISC Berhad:
Cash, In-Kind and Employee Volunteer Hours

No.ContributionCash Giving (RM)
Cash giving is a form of monetary form of donation
In-kind giving
In-kind giving is a form of donation in goods or services instead of cash such as donations of essential goods or medical supplies to beneficiaries
Employee Volunteer Hours
The total volunteer hours and value from company employees involved in any form of initiative or giving (Volunteering value = Average Hourly Rate x Total Volunteering Hours)
Beneficiaries
1Heart of the Ocean ProgrammeN/ARM175k invested in reef conservation and educational initiativesN/ABeneficiariesMISC invested more than RM175,000 into the Heart of the Ocean Programme, in collaboration with Reef Check Malaysia (RCM) for the Mersing Islands Initiative on Reef Conservation which focuses on the conservation of coral reefs. In 2021, MISC decided to expand our Heart of The Ocean Programme by embarking on a mangrove conservation. Some initiatives included reef resilience study at 6 sites, coral rehabilitation establishment at 2 sites, 5 annual engagements with local communities, stakeholder capacity building programmes in eco-snorkelling guile training and local community outreach and school programmes.
2UMT-MMS sea turtle conservation initiativeN/ASponsorship worth RM109kN/ASea Turtle Research Unit (SEATRU) of Universiti Malaysia Terengganu (UMT)MMS and the Sea Turtle Research Unit (SEATRU) of Universiti Malaysia Terengganu (UMT) worked together for the UMT-MMS Sea Turtle Conservation Initiative to sustainably manage the sea turtles in Chagar Hutang on Pulau Redang. MMS supported the initiative by sponsoring SEATRU for facilities improvement and contributed RM109,000 to UMT-SEATRU for conservation. In 2021, SEATRU purchased 10 bokashi compost sets, consisting of a compost bin, biocatalyst and husk, for waste management as well as equipped the facilities with solar panels using the sponsorship that financed a new cabinet for the research station and funded a gazebo.
3Employee volunteering programmeN/AEducational materials N/ALocal communitiesA desktop employee volunteering programme was organised and 28 volunteers of MISC employees and children volunteered to produce educational and awareness materials in conserving ocean biodiversity. Volunteering activities included producing creative drawings, creative writing, snorkeling guide materials, posters on marine conservation and delivering safety management talk.
4Marine Protected Area (MPA) Management Effective Assessment Tool (MEAT)N/ATraning and awareness sessionN/AParticipantsTraining and awareness sessions were held under the Heart of the Ocean Programme to help raise awareness and capability among the various relevant stakeholders to ensure the success of the conservation initiatives on Mersing Islands.
5ALAM sponsorship programmeN/ASponsorship worth RM21.71MN/A772 studentsThe annual sponsorship for the ALAM programme were RM21.71 million that benefited 772 students in 2021 to help increase educational opportunities for students and improve socio-economic status through employment.
6Scholarships for Diploma in Maritime Business at Singapore Maritime AcademyN/ASponsorshipN/A5 studentsMISC sponsored 5 students in 2021 for scholarships for Diploma in Maritime Business at Singapore Maritime Academy.
7MHB Go Green programmeN/A60 air pollution kits, 2 visualizers, competition, webinar and mangrove plantinN/AParticipantsMHB Go Green, an environmental education programme that focuses on issues such as air, water and waste management allowed initiatives that included air pollution kits to SMK Dato’ Penggawa Timur (SMKDPT) Go nGreen Club, recycle creative design competition, two visualisers to SMKDPT Go Green Club, webinar on COVID-19 Waste Management and mangrove planting programme at Kg Perigi Acheh.
8ALAM KESURA Infaq RamdhanN/AGroceries and RM100 cashN/A40 beneficiariesDuring Ramadhan month in 2021, ALAM employees’ Sports and Recreational Club (KESURA) held an internal donation drive where 174 of its members came together and help contributed groceries and RM100 in cash to 40 beneficiaries that were impacted by the pandemic.
9#LetsHelpIndia Campaign with Singapore’s Red Cross SocietyN/AMedical supplies worth SGD4.2kN/AHospitals in India and NepalThe funds raised from the employees of SGD4,200 and matched by AET supported essential oxygen, medical supplies and hospital beds in India and also extended assistance to Nepal through the Indian Red Cross Society.
10Texas Adopt-A-Beach Clean-upN/ABeach cleanup volunteeringN/ATexas beachEmployees at MISC and their families joined thousands of other volunteers at the Texas Adopt-A-Beach Cleanup initiative where volunteers cleaned approximately half a mile of beach in front of Jimmy’s on the Pier in Galveston, picking up about 8 bags of garbage.
11AET Caring for CommunitiesN/A1 million meals provided worth USD250kN/ARecipientsMISC supported those affected by the pandemic by providing close to 1 million meals worth USD250,000 through food programmes in Singapore, Brazil, the UK, the USA, India, the Philippines and Norway.
12MISC Disaster Trust FundRM268KMedical supplies and equipmentN/AFlood victimsMISC employees and the Board contributed RM268,750 to the National Disaster Relief Trust Fund through the MISC Disaster Fund in aid of disaster recovery efforts for the flood that affected various regions in Malaysia in December 2021. MISC also made contribution to those affected by the pandemic in the form of medical supplies and equipment.
13MHB CaresN/ADonations worth RM21kN/A159 familiesContributions of double stove gas cookers, gas cylinders and queensized blankets worth RM21,650 were given to 159 deserving families impacted by the flood in Kota Tinggi, Pasir Gudang, Johor Bahru.
14MHB CaresN/ADonations worth RM50kN/A45 familiesMISC provided groceries items, kuih raya and duit raya to 45 underprivileged families around Pasir Gudang areas. The contribution was worth RM50,339.
15MHB CaresN/ADonations worth RM24kN/A82 school students, frontliners and COVID-19 patient82 school students, frontliners and COVID-19 patients were assisted by MISC with groceries and other essential items worth RM24,232.
16Contribution for impacted workersRM3.5kN/AN/A7 subcontractor workers7 subcontractor workers who lost their income during full lockdown were given RM500 cash per individual by MISC to assist them during the difficult time.

Notes:

  1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.
  2. The information above is derived from MISC Berhad’s 2021 Annual and Sustainability Report. An email was sent to clarify certain information but no reply was received. 

See How MISC Berhad Ranks Against The Other Top 19 Public-Listed Companies

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BURSA TOP 20: Who’s The most charitable?