Velesto Energy Bhd 2020 AR2
The report outlines Velesto Energy Berhad's performance during the challenging fiscal year 2020, marked by the COVID-19 pandemic and volatile oil prices. Despite these headwinds, the company achieved a rig utilisation rate of 66% and recorded an EBITDA of RM293 million. Notably, Velesto maintained an outstanding safety record with zero lost time incidents and zero major environmental spills. The company also advanced its sustainability agenda by developing its Sustainability Blueprint and establishing an Anti-Bribery and Corruption Policy.
Company: Velesto Energy Bhd
Sector: Energy
Country: Malaysia
Year: 2020
Type: AR2
Pages: 70
Velesto Energy Bhd
Annual Report
The report outlines Velesto Energy Berhad's performance during the challenging fiscal year 2020, marked by the COVID-19 pandemic and volatile oil prices. Despite these headwinds, the company achieved a rig utilisation rate of 66% and recorded an EBITDA of RM293 million. Notably, Velesto maintained an outstanding safety record with zero lost time incidents and zero major environmental spills. The company also advanced its sustainability agenda by developing its Sustainability Blueprint and establishing an Anti-Bribery and Corruption Policy.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
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
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees