Our Agenda of Sustainability
Wasco Energy's Sustainability agenda targets growth of our businesses in a profitable and ethical manner, whilst simultaneously providing a safe and healthy work place for our employees, protecting the environment, and helping to build communities where we operate. In line with this, we aim to balance our economic ambitions with our societal and environmental obligations.As we commit to playing a leadership role in the markets we operate in by ensuring robust financial and operational performance as well as the delivery of innovative, world-class services and products, we are also keen to lead by example in the areas of corporate sustainability.
Our Sustainability Policy
At Wasco, we endeavor to be admired for our excellence, innovation and sustainable value creation in everything we do. By integrating economic, social and environmental elements into the core of our business processes, we are steadfastly creating value that goes beyond the boundaries of business.
As we set our sights on continuously growing in a sustainable manner for the benefit of our shareholders, our employees, the communities that we serve, the environment and our other stakeholders, we are guided by our three pillars of sustainability:
Our Sustainability Initiatives
Our commitment to upholding the agenda of Sustainability, is underscored by specific initiatives that are making a tangible impact on our operations and diverse stakeholders.
The Wasco Carbon Footprint Project
As a socially responsible organisation committed to sustainable business practices, Wasco, in 2011 embarked on a project to estimate its GHG emissions and see how it could better manage the impact of this emission on the environment. An environmental impact consultancy was appointed to compile an accurate and verifiable inventory of the Group's GHG emissions in accordance with the ISO 14064 - 1 standard and GHG protocol. For the period 1 January 2012 to 31 December 2012, the operations at WASCO group resulted in 36,923 tonnes of CO2 equivalent emissions.
Since the project, Wasco has been working on developing a comprehensive system for collecting and organising data related to emission sources under its control so as to improve the accuracy of its emissions inventory. At the same time, we are engaging with partners, such as our contractors, to prepare for the measurement of their GHG emissions in order to understand the emissions from our overall supply chain.
To date, Wasco has successfully attained Carbon Footprint Certification or ISO 14 0641 which specifies the principles and requirements at the organisational level for quantification and reporting of GHG emissions and removals. We take pride in the fact that we are an early adopter of the ISO 14 064-1 certification.
You can download a copy of our Wasco's ISO14064-1 here
Corporate Social Responsibility Efforts
Being a socially responsible corporate citizen is high on Wasco's agenda. In fact, it is clearly identified as one of our seven core values.As a caring and responsible organisation, we are constantly endeavouring to make positive and impactful contributions to society.
Via our ultimate holding company and trustee fund Yayasan Wah Seong, we give back to the society in a big way by granting tertiary education scholarships to deserving but financially challenged families. To date, more than 56 scholars have benefited from The Yayasan Wah Seong Scholarship Awards initiative since 2008. This number will continue to grow as we remain committed to promoting education as an important platform for achieving a progressive society.