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 Minimising Operational Impact SOCIAL Safeguarding Our Stakeholders GOVERNANCE RISKS Corporate Accountability 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 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 SOCIETY & OUR PEOPLE OUR PEOPLE Bumi Armada is committed to creating a working environment in which our people can grow and attain the highest standards of professional excellence and integrity. We believe when we take care of our employees’ well-being and lead with a meaningful vision, our employees are motivated to contribute their best. A well-trained crew is also critical in executing our operations responsibly. CODE OF CONDUCT Our Code of Ethics outlines standards every individual in Bumi Armada is expected to comply with within our business dealings. It sets out guidelines for legal compliance, integrity in business dealings, illegal and questionable payments, gifts and entertainment. We do not tolerate incidents of corruption. All employees are required to acknowledge their compliance with the Code of Ethics which highlights amongst others, child labour, minimum wages etc. By applying the code we will demonstrate that we are a group united by strong values and a group, which we are proud to be a part of. We expect the same level of ethics from our business associates. Our Code of Ethics is communicated to all employees and customers. Our suppliers are required to abide by our Code of Procurement Ethics. LABOUR RIGHTS, HUMAN RIGHTS & DIVERSITY Underlying our human resources activities is a strong commitment to equal opportunities, in order to attract the best talent across gender and cultures to serve our global operations. Our Employee Handbook clearly indicates “Employment decisions are based on merit and business needs, and not on race, colour, citizenship status, national origin, ancestry, gender, sexual orientation, age, weight, religion, creed, physical disability, marital status, veteran status, political affiliation, or any other factor protected by law. Wherever possible we will endeavour to reflect a country’s diversity in our staff strength.” COMMUNITY INVESTMENT & PHILANTHROPY Bumi Armada is committed to investing in and supporting the communities in which we live and work. We constantly look for ways to bring shared value and development to help improve the lives of the people around us. Education, Health and The Underprivileged are the three pillars which govern our community activities. 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. 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. OUR ACTIVITIES 2020 2019 2018 2017 2016 2020 MS Society – Charity donation from the Kraken FPSO team BAUK Charitable Donations – April 2020 SUSTAINABILITY REPORTS 2009 Sustainability Report 2010-2011 Sustainability Report 2012-2013 Sustainability Report 2016 Sustainability Statement 2017 Sustainability Statement 2018 Sustainability Statement 2019 Sustainability Statement 2020 Sustainability Statement © 2021 Bumi Armada Berhad (Company No. 199501041194 (370398-X)). All Rights Reserved. Terms & Conditions Privacy Policy