Velesto Energy Bhd 2018 AR2
The report highlights Velesto Energy Berhad's progress during the 2018 fiscal year, focusing on its transition to a new brand identity and its path toward financial recovery. The company achieved a rig utilisation rate of 73% and significantly reduced its loss after tax by 98.2% to RM20.4 million. In terms of sustainability, Velesto initiated efforts to align its operations with the UN SDGs and reported zero workplace fatalities. The company also successfully met its gender diversity target with 30% female representation on its Board of Directors ahead of the 2020 deadline.
Company: Velesto Energy Bhd
Sector: Energy
Country: Malaysia
Year: 2018
Type: AR2
Pages: 239
Velesto Energy Bhd
Annual Report
The report highlights Velesto Energy Berhad's progress during the 2018 fiscal year, focusing on its transition to a new brand identity and its path toward financial recovery. The company achieved a rig utilisation rate of 73% and significantly reduced its loss after tax by 98.2% to RM20.4 million. In terms of sustainability, Velesto initiated efforts to align its operations with the UN SDGs and reported zero workplace fatalities. The company also successfully met its gender diversity target with 30% female representation on its Board of Directors ahead of the 2020 deadline.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees