Sustainability Lenses - Sustainability

Respecting Environment

We are committed to managing our environmental footprint and protecting natural ecosystems through ongoing awareness initiatives and collective action toward achieving our shared goals.

Velesto Coral Restoration Project

Launched in 2022, Velesto's Coral Restoration Project has progressed through phases in 2023 and 2024. This initiative unites our employees, community members, NGOs, government agencies, and academic institutions while promoting awareness and education to foster a collective responsibility for preserving marine life.

Highlights

2536

corals planted since 2022

>5000

employees volunteer hours

institutions collaboration

2023

CSR Initiative of the Year Award

Empowering People

Human capital development and education are at the forefront of our commitment to addressing the needs and expectations of our workforce and the local communities where we operate.

Promoting Youth Employability

Velesto Trainee Scheme (VTS) & Offshore Development Programme designed to cultivate groups of local talent over the years.

Sustainable Education

STEM education programmes rolled out in support of rural schools and the recent signing of collaborative MoU with SEDC to enhanced initiatives in Sarawak.

Industry-Focused Skill Development

Continuous talent development for the oil and gas sector through deliveries of skill training via our Velesto Drilling Academy (VDA).

Ethical Business

To achieve growth and excellence, we emphasize responsible business practices to uphold stakeholder trust and build a sustainable business. Our efforts towards ethical conduct and continuous improvement extend internally and across our value chain.

Commitment to Integrity

Velesto Anti-Corruption Plan (VACP) 2023 -2027 was launched at an event last year along with Corruption Free Pledge by the Board and Senior Managements.

Supply Chain Engagement

Series of engagement with vendors and suppliers to provide platform for knowledge sharing and collaboration around operational efficiency, sustainability, HSE, and more.

Integrity Awareness Programmes

Continuous efforts in promoting ethical practices involving engagement with clients and training session with vendors and suppliers which also features MACC.