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Sustainability at Deleum

As a key player in the oil and gas supply chain, we collaborate with industry leaders to navigate the evolving energy transition while addressing broader economic, social, and environmental challenges."

Our sustainability commitment is underpinned by Economic, Environmental, Social and Governance (“EESG”) pillars.

Sustainability at Deleum

As a responsible oil and gas service provider, Deleum is committed to incorporate sustainability throughout the Group’s business operations. This is a direct response to climate change, as well as other material topics such as strategy and financial resilience, pollution and resources, biodiversity, health and safety, labour standards, human rights, community investment, anti-bribery and corruption, and more.
Our sustainability commitment is underpinned by Economic, Environmental, Social and Governance (“EESG”) pillars.

Recognition and Affiliations

Deleum has been honoured with the prestigious Gold Award in the Energy sector (Equities category) at The Edge Malaysia ESG Awards 2023, held on November 6, 2023. This recognition highlights our unwavering commitment to Environmental, Social, and Governance (ESG) excellence.

The Edge Malaysia ESG Awards 2023, organised in partnership with Bursa Malaysia and FTSE Russell, stands as a beacon of recognition for public-listed companies (PLCs) and asset management firms practising sustainability excellence in Malaysia. This achievement reflects our sustainability commitment towards ‘Catalysing Prosperity’, ‘Protecting and Preserving the Environment’, ‘Helping People’, and ‘Embracing Good Governance’. As sustainability becomes an integral part of Deleum today, we proudly celebrate everyone's dedication in advancing Deleum's sustainability milestones.

Read the full article by The Edge here

As one of the CAN members, we actively participate in Workstream #2: Awareness & Capacity Building. This workstream aims to enhance awareness and foster capacity development across various levels and functions within member organizations and their value chains. Our goal is to empower them to champion sustainability in their business operations.

  • Constituent of FTSE4Good Bursa Malaysia Index and Bursa Malaysia Shariah Index
  • Top 25% ranking among FBM EMAS PLCS with 4-Star rating

Highlights

For fy2022

Our Approach to Sustainability

OUR SUSTAINABILITY GOVERNANCE

Our sustainability governance structure adopts a top-down approach, encompassing sustainability, climate issues, compliance and risk governance. All our sustainability progress is reported quarterly to the Management Compliance and Risk Committee (“MCRC”), the Board Risk and Investment Committee (“BRIC”), and the Board of Directors (“Board”).


The Board holds the ultimate responsibility for guiding Deleum's strategic direction in sustainability. This responsibility is delegated to the respective Board Committees, and they are kept informed about sustainability- and climate-related matters through quarterly meetings and training programmed.

To enhance governance capabilities, sustainability targets are incorporated into Key Senior Management’s OKRs, which are evaluated annually for performance remuneration. The MCRC, led by the Group Chief Executive Officer (“GCEO”) and including C-suite executives as well as Senior Management, plays a pivotal role in supporting the Board in strategically managing significant sustainability- and climate-related risk matters. To enhance the overall sustainability management, there is a dedicated sustainability unit within the Corporate Compliance, Sustainability, and Risk (“CCSR”) department to lead sustainability strategies and oversee day-to-day implementation.

Our Materiality

Materiality assessments are vital for our value-creation journey as we identify the sustainability issues that matter most to our business and stakeholders. Conducting a materiality assessment allows us to identify opportunities and mitigate risks to ensure sustainable business growth. 

In our most recent sustainability materiality assessment, we identified 13 sustainability matters that are material to both our business and our stakeholders.

GUIDING SUSTAINABILITY POLICIES

Deleum has developed a set of comprehensive policies to address our EESG material topics.

Code of Business Conduct

[ENG] | [BM]

Corporate Anti-Bribery & Corruption Policy

Anti-Bribery Management System Policy

Environmental Policy

Substance Policy

HSE Policy

Procedure for Whistleblowing

[ENG] 

Human Rights and Labour Standard

[ENG]