Sustainability

As a part of the energy industry, Bumi Armada recognizes that its business activities may have environmental, social and Governance risks and it believes that it has a responsibility to work towards minimizing or mitigating negative impacts and, where possible, implementing sustainable practices in selected areas. Our Sustainability philosophy is outlined below:

We will strive to build quality assets (vessels and floating production facilities) that meet international environmental standards and provide environmentally and socially responsible operations.
We aim to conduct and manage our business operations in a responsible manner with safety, reliability, good corporate governance and transparency as over-riding principles.
We aim to minimize our ecological footprint on the environment, including; prevention of pollution, sustainable resource use, conservation of energy and resources.
Wherever we operate, we believe it is important to play a role in the social and economic upliftment of the people and communities.
We aim to provide a safe and equitable working environment for our people that is conducive to their professional development and to enhanced employer-employee relationships; in line with our core values.
We will work towards engaging and building trust with stakeholders through two-way dialogues; understanding expectations, communicating our company’s goals and where possible, collaborating for mutual benefit.

Environment

Bumi Armada aims to minimise the environmental impact from our activities. It is important that we protect the well-being and livelihoods of local communities where we operate. We are also keenly aware of climate change concerns surrounding the energy and offshore industry and seek to contribute positively where possible.

Our Goal

Environmental Sustainability Performance and Reporting

Assurance Exercise & Commercial indicators to be set

Biodiversity and Ecosystem

Shared value on conservation with local community and BAB staff

Awareness Programme

Inculcate green thinking across the company

Global Networking and Partnership

Improvement on technical knowledge and Continual Professional Development

Environmental Management System

Extension of ISO 14001 Scope

Performance Data

	2014	2015	2016	2017	2018	2019
Environment
Spill (Contained onboard)	5.0	5.0	6.0	10.0	12.0	16.0
Spills Released to the Sea (Number)	4.0	0.0	0.0	0.0	2.0	3.0
Greenhouse Gas Emissions (GHGs)
Scope 1 ('000 tonnes CO2 equivalent)	540.0	540.0	497.0	484.0	595.8	790.9
Scope 2 ('000 tonnes CO2 equivalent)	1.0	0.9	0.7	0.7	0.6	0.5
Bunker Fuel Consumption (Million litres)	139.0	96.0	67.0	58.0	41.6	85.8
Electricity Consumption (MWh)	1,489.0	1,425.0	1,016.0	1,101.0	902.6	762.3
Water Consumption - Vessels (thousand m3)	142.0	126.0	114.0	133.0	119.3	165.4

Notes:

Both cases of Spills Released to Sea (NUmber) recorded in 2018 are less than a barrel.
Scope 1 ('000 tonnes CO2 equivalent) is based on consumption of bunker fuel, fuel gas, and crude oil.
Scope 2 ('000 tonnes CO2 equivalent) is based on electricity consumption from offices in Astrakhan, Indonesia, Malaysia, and Singapore.

Sea Turtles Sanctuary

Malaysia had been recognized as one of major nesting location for sea turtles in the Southeast Asian region. Four species were confirmed to land and nest in Malaysia. These species namely; Green turtle (Chelonia mydas), Leatherback (Dermochelys coriacea), Hawksbill (Eremochelys imbricata), and Olive ridley (Lepidochelys olivacea).

Turtles play a crucial role in marine ecosystems, helping to maintain the health of sea grass beds and coral reefs. Furthermore, they are often culturally important to coastal communities in Malaysia and can provide substantial tourism value. However, despite their iconic status and importance to people and the marine environment, sea turtles are now at risk of extinction. Their populations continue to decline because of the trade in sea turtle product and the loss of essential habitats. As a result, population of sea turtles worldwide have dropped by 80% to 90% since the 60s.

Continuous conservation measures were essential to ensure the survival of sea turtles in future. Therefore, aligned with our commitment to support the Sustainable Development Goals (SDG) 14, Life below water, Bumi Armada had established a collaboration with Department of Fisheries Malaysia on the “Conservation and Management of Sea Turtles at Turtle Conservation and Information Center, Cherating, Pahang”. This collaboration, which has been renewed from 2019 till 2022 aims to enhance the conservation efforts and improves Sea turtle hatchery activities at Cherating Beach. Our participation in conserving marine species for the well-being of marine ecosystem and society at large are supported by active involvements from our employees. However, in 2020, due to the COVID-19 global pandemic and the safety restrictions enforced, our employees were unable to participate physically at site. Some of the key activities planned include upgrading of infrastructure at Sea Turtle Information and Conservation Centre Cherating, education and community awareness, as well as research activity.

Ref:

http://marinepark.dof.gov.my/kenapa-kita-perlu-melindungi-penyu.html?uweb=jtl&lang=en

BAB Corporation Agreement

Governance

CORPORATE GOVERNANCE & RISK MANAGEMENT

Kindly click here to read more.

Tax Disclosure:
Bumi Armada operates in multiple countries around the world with a varying degree of scale and size. The Group looks to actively comply with all the local rules in each country with regard to in-country tax laws as well as all operating requirements and regulations.

The Company discloses details of its tax position in the notes to its audited accounts via its annual filing release to Bursa (the Malaysian Stock Exchange) and in its annual report to shareholders. This reporting methodology is in-line, and in full compliance, with the Company’s reporting standards.

The disclosure includes, amongst other areas, the local income tax position (in Malaysia) and foreign tax paid during the year, as well as tax provisions for prior years, deferred tax amounts and the overall group effective tax rate.

ESG Index

FTSE4Good Bursa Malaysia Index

“The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indices suitable tools to be used by a wide variety of market participants when creating or assessing responsible investment products” (FTSE4GOOD Index Series).

Mission and vision

Vision

In the global regions we actively operate, we will implement practical sustainable solutions which can create a difference to the environment and society.

Mission

In collaboration with our stakeholders, and in a responsible way, we are committed to reduce our environmental footprint, to support our local communities and to promote social sustainability awareness wherever we operate around the world.