- Covid-19 pandemic impacting business environment, weakening customer performance and triggering chain reaction on service providers
- Soft market with no spot charters, lower charter prices, non-renewal of contracts, and impairment losses from vessels
- Cash flow constraints
- MMHE arbitration award requiring payment of RM129.6 million plus costs (settled at RM104.74 million)
- Shareholder’s equity fell below Bursa Malaysia’s mandatory 50% of share capital, resulting in PN17 classification
E.A. Technique (M) Berhad
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, E.A. Technique (M) Berhad disclosed greenhouse gas emissions of 17.5K gCO2/tonne-mile. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
17.5K gCO2/tonne-mile
2021
Water Usage
11.4K MT/year
2021
Waste
476.1K kg/year
2021
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 17.5K gCO2/tonne-mile |
| 2020 | 18.9K tCO2e |
| 2019 | 31.8K gCO2/tonne-mile |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Zero oil spill cases across all fleets
- 31% reduction in energy consumption at head office, resulting in RM27,546.73 savings in electricity bills
- Zero plastic goal for all vessels
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve vessel utilization to achieve higher returns on investments
- Provide quality customer service for repeat business and build brand equity
- Improve Daily Charter Rate (DCR) with better terms and conditions for existing contracts
- Diversify contract portfolio through right balancing of vessels and between oil & gas and non-oil and gas customers
📅 Medium-term
- Adhere to a strict regimen of scheduled and preventive maintenance to contain costs
- Minimize outsourcing of off-hire and substitution vessels
- Strengthen technical and operational foundation through improved communication, planning, reporting and monitoring, financial management and inventory & data digitalisation
🔭 Long-term
- Ensure timely disposal of aging vessels
- Maintain strong relationships with financial institutions and trade creditors
- Initiate a corporate placement exercise to raise funds
- Initiate refinancing programmes as part of debt settlement
- Initiate the regularisation plan to restore Bursa Malaysia listing status
🌱 ESG Focus Areas
SafetyQualitySecurity CultureEnvironment