Towards a Net Zero Future
T7 Global prioritises environmental sustainability by reducing emissions and water usage, optimising energy and waste generation, and supporting biodiversity. We are committed to minimising our environmental impacts while maintaining economic performance and stakeholder commitment. Addressing climate change and managing our carbon footprint is a significant focus, and the Group operates in an environmentally-conscious and sustainable manner.
In line with our environmental commitments, our disclosures will encompass data from our T7 Global Berhad headquarters and three (3) business divisions. The Bayan Mobile Offshore Production Unit (“MOPU”) will be leased to Petronas Carigali Sdn. Bhd. upon becoming operational in 2023.
GHG and Climate Resilience
We are dedicated to achieving our net-zero carbon emission goals in upstream operations by 2050 by implementing an effective decarbonisation management plan to lower Greenhouse Gas (“GHG”) emissions. T7 Global has established an Emissions Management Plan for the Bayan MOPU project to track and monitor emissions resulting from flaring and venting once it becomes operational. The plan involves setting KPIs, establishing baselines, monitoring daily emissions and creating strategies for emissions reduction.
Emission Management Plan
This year’s total GHG emissions amounted to 158.5 tCO2e, indicating an increase of 30.6% from the previous year.
To gain a better understanding of where these emissions are coming from, we analysed our Scope 1 and Scope 2 emissions using the latest available emissions factor. Scope 1 emissions which include direct emissions from our operations such as fuel (petrol) combustion, increased by 42% compared to the previous year. Meanwhile, our Scope 2 emissions, which include indirect emissions from the consumption of purchased electricity increased by 23%.
By analysing our Scope 1 and Scope 2 emissions, we can identify the sources of our GHG emissions and develop strategies to reduce them. Moving forward, we are committed to implementing measures to mitigate our impact on the environment and work towards our decarbonisation goal.
Energy Management
T7 Global recognises the importance of energy management in the short and long term. By decreasing energy consumption, we reduce costs and contribute to corporate social responsibility. As such, we plan to launch our Energy Efficiency Policy to guide us in our energy management initiatives.
During FYE 2022, our T7 Global Headquarters and business divisions experienced an increase in electricity consumption from 126,754 kWh to 155,985 kWh. This can be attributed to the acquisition of a new office for a recently awarded project.
Waste Management
Optimal waste management is crucial to minimising the impacts of our daily operations. To this end, T7 Global has aligned with the International Maritime Organisation (“IMO”) standards and complies with ISO 14001 to guide effective waste management across the Group.
Our Waste Management System Policy serves as the foundation of our sustainability efforts, highlighting our commitment to responsible waste management. Regular communication with employees and annual waste awareness campaigns ensure that waste management is an essential part of our culture.
In FYE 2022, our Bayan MOPU generated 6 tonnes of scheduled waste primarily from our Hook-Up and Commissioning (“HUC”) activities, and 10.4 tonnes of non-scheduled waste.
Waster Management
T7 Global utilises water primarily for potable purposes and for production operations at our various onshore and offshore sites. As such, we recognise the importance of effective water management and implemented water-efficiency measures across our various business units. We believe it is crucial to increase our water efficiency to ensure our systems run efficiently with minimal environmental impact.
Due to COVID-19 restrictions in FYE 2020, our water consumption was initially low but increased steadily as operations resumed, resulting in a 37% year-on-year increase to 220,878 m3 in the current reporting period.
Biodiversity
We understand the importance of preserving the natural world and recognise our role in protecting biodiversity. We take this responsibility seriously and have taken steps to ensure that we minimise the harm our operations may have on the environment.
Energy Division
An Environmental Impact Assessment (“EIA”) approved by the Department of Environment (“DOE”) was conducted prior to our Bayan MOPU development. This rigorous assessment ensured that any potential negative impacts on the environment, such as disturbances to the seabed habitat, were identified and minimised.
To further demonstrate our commitment to environmental stewardship, we developed an Environmental Management Plan (“EMP”) for the Bayan MOPU project which serves as a comprehensive guide for managing environmental matters throughout the project’s execution and operation phases. It outlines strategies for minimising potential environmental impacts, such as the implementation of best practices for waste management, spill prevention and response, and habitat restoration. The EMP also includes a comprehensive monitoring and compliance programme, which ensures that our operations are always in line with environmental regulations and our own internal standards.
Aerospace & Defence Division
On the 14th of December 2022, we collaborated with UMW to cultivate 300 bamboo saplings throughout the UMW High Value Manufacturing (“HVM”) Park to contribute to the park’s existing green certification status. The bamboo saplings were carefully planted in designated areas throughout the park to enhance the surrounding green space, reduce noise and dust, and improve air quality.
T7 AeroTech UMW CSR Bamboo Trees Planting at UMW HVM Park
