Newspaper : Sunday Star

Date : 24 April 2022

Akhbar : Utusan Malaysia

Tarikh : 23 Disember 2021

Tarikh : 30 April 2021

Link : https://www.thevibes.com/articles/news/25672/hands-full-but-not-tied-challenges-of-enforcement-agency-watchdog

Tarikh : 18 April 2021

Tarikh : 14 April 2021

Tarikh : 27 Disember 2020

Tarikh : 16 Oktober 2020

Kolum : Rencana

Assalamualaikum Warahmatullahi Wabarakatuh

In a few days’ time, our Muslim friends and colleagues here and around the world will gather for Aidilfitri to celebrate the success in observing the fast throughout the month of Ramadan. Sadly, this year’s holy month has also been peppered with violence, tragedies and even famine, in numerous parts of the world, especially in war-torn areas. Many of which are majority-Muslim countries.

Closer to home, the 14th General Election saw for the first time in our history, the change of the Federal government. Alhamdulillah, calmness prevailed and the voice of the people was translated into peaceful and smooth transition of power, ushering a new era for Malaysia towards becoming a more mature and vibrant democracy.

Muslims must always remember that Islam is a religion of peace, kindness, compassion and forgiveness. These are divine attributes that must always be held in high esteem. As we strive to draw closer to our Creator during Ramadan, we, ourselves must continuously make the effort to become better human beings. Islam teaches us to care. It obliges the strong and wealthy to help the weak and poor without regard for recognition or reward. Indeed, giving is more fulfilling than receiving.

That is why I truly believe that charity always starts from home. For Eid, our presence is simply the greatest gift to our family. So let us make time to be with our loved ones and families – forgiving, renewing and strengthening ties. A significant feature of Eid is the generosity and sharing of this special day of rejoicing with not only the poor but also with friends and families of other faiths. In Malaysia, the tradition of having ‘open houses’ has thrived all these years for various festivals. This is a true hallmark of diversity and showcases our respect for others within our society, ensuring we live peacefully together. This we must never take for granted.

In PETRONAS, generosity is a culture that is deeply embedded, and one that PETRONAS was founded upon. Our Amanah as custodian of the country’s oil and gas resources is to ensure a sustainable source of revenue for the development of the nation. In giving back to communities, it is our calling in creating avenues to continuously improve the quality of life around us. For this Eid, let us embrace the spirit of fitrah by going back to our Shared Values to ensure that we collectively stay true and steadfast towards the cause of PETRONAS.

The journey must continue. I believe, the right tracks have been laid down before us and I am confident, with our Cultural Beliefs, we have the right foundation to continue growing PETRONAS to greater heights.

I am thankful to the Almighty as I have been blessed with the opportunity to serve and to be associated with PETRONAS, which insya Allah will be exactly 6 years this month.

Finally, my family joins me in wishing everyone in PETRONAS, wherever you are, a happy and joyous Selamat Hari Raya Aidilfitri, Maaf Zahir dan Batin. Safe travels and take the time to rest between your hectic travels. We humbly seek your forgiveness for any shortcomings on our part.

Dengan ingatan tulus ikhlas,

SIDEK HASSAN

2017 unfolded many extraordinary strides and I would like to first and foremost pay tribute to the formidable force that has enabled PETRONAS to conclude the year strongly. A force made up of solid foundations laid by our founding fathers, the vision steered by our leaders, the commitment of our people, and the trust given by our stakeholders. The journey was far from easy but we have proven once again that together, we are able to persevere and emerged stronger!

2017 IN REFLECTION

PETRONAS undertook various transformative initiatives groupwide since 2015 to address the reality of prolonged low oil price in order to ensure its resilience and long-term sustainability. This shift in paradigm presents with it a stream of possibilities, risks as well as potential growth. Through transformation of the mind and action, both individually and collectively, one is open to a vast horizon of opportunities that will definitely disrupt the status quo. The overall momentum of the transformative journey has placed us in a better position today amidst the oil and gas crisis, but also fortified us in embracing the future with ardour.

We pursued the journey of finding solutions to the questions that we ourselves posed. The Board of Directors and the Executive Leadership Team (ELT), have asked questions from “how do we transform what doesn’t work?” to the even harder question, “how do we transform what has worked perfectly well in the past?”

With the already disruptive nature of Industrial Revolution 4.0 impacting various brick and mortar industries, it is clear that the tone from the top requires the vigour from each and every one in PETRONAS to reassess our own gold standards and migrate into unfamiliar territories of differing and “business unusual” viewpoints, operating models and culture. It rekindled in us the pioneering spirit, vision and profound intuition that have always been in PETRONAS’ DNA.

We have tapped on the power of digitalisation which through hacking down of silo walls across PETRONAS, has opened new possibilities within our operations that will further push the transformation agenda. The year saw the best of kindred spirit at work – collaboration among entities, groups and individuals, within as well as external to PETRONAS, that brought different parties with differing views and expertise into a common platform of purpose – to create a sustainable future, a legacy, for generations to come. Moving forward, we must ‘switch’ to digital technology with a sense urgency that will afford PETRONAS the possibility of new business models, new revenues and value-creation streams.

As you flip through the pages of this Report, you will notice that optimisation, cost effectiveness and efficiency are not merely seen in numbers, but on the actions demonstrated and the impact that PETRONAS continues to make – an impact that goes well beyond pure business. Including a more heightened Corporate Social Responsibility (CSR) activities in the areas of Education, Community well-being and developments, and Environment. In remembering our roots, by giving back to society.

PROGRESSING FOR LONG TERM SUSTAINABILITY

We are conscious that energy resources are prerequisites for progress, and that a flourishing global economy requires leading solutions in how this commodity is made accessible. One that calls for various stakeholders to work together in advancing sustainable growth across the energy sector.

Sustainability is synonymous with PETRONAS’ relentless efforts to responsibly conduct our business practices. Amidst the changing externalities and evolving dynamics of the energy industry, we had accelerated efforts to integrate the core elements constituting PETRONAS’ Corporate Sustainability Framework which, in essence, spans across the Environmental, Social and Governance aspects.

Our growth strategies requires us to adapt to market vulnerabilities, continuing with the foray into unchartered frontiers and in different continents. Through all these we are unwavering in our focus on sustainability, in such areas as Climate Change; Human Rights and Diversity & Inclusion; and Health, Safety, Security and Environment. Collectively overseeing its implementation is the PETRONAS Corporate Sustainability Council and PETRONAS HSSE ELT members, comprising a suite of personnel with diverse experience.

I am pleased to share that in 2017, we fortified our foothold in the area of renewable energy and enhanced our carbon commitments in driving towards a low carbon economy.

BALANCING OPPORTUNITY AND RISK

As opportunities and risks continue to be more fluid and dynamic, our risk management system has evolved from the perspective of viewing and assessing risk and opportunities and its impact from individual/stand alone towards portfolio and enterprise lens. This has assisted the Board and Management in achieving the Group’s strategic objectives in a fair, informed and transparent manner.

This is strongly supported by having in place an effective risk management framework focusing on three areas of business resilience namely Enterprise Risk Management, Crisis Management and Business Continuity Management. A holistic risk approach is enabled through aggregation of risk and opportunities identified, assessed and evaluated from business value chain perspective.

With the Board’s oversight on risk, supplemented by the establishment of the Board Governance and Risk Committee (BGRC) since 2010, these have set the tone from the top towards embedding risk management culture across the Group. This is further amplified through continuous monitoring of our principal risks and conducting various assurance activities across PETRONAS.

IMMERSED IN INTEGRITY

Since PETRONAS launched the COBE (Code of Conduct and Business Ethics) back in 2012, we have never looked back on our pledge of zero tolerance for bribery and unethical business conduct. PETRONAS was the trailblazer in implementing the No Gift Policy in corporate Malaysia and was recognised by Transparency International as the most transparent company of the emerging market’s oil, gas and energy sector.

We continue to immerse and empower employees to do their professional best in business operations with rigorous advocacy guided by the PETRONAS Integrity Compliance Framework.

Our Integrity Compliance Framework is inclusive and also binds external parties who represent and/or act for the Group with the same Code, and making accessible a whistleblowing channel to the general public to report any act that goes against it. This year, PETRONAS’ comprehensive Anti-Bribery Management System for Corporate Services received the ISO 37001 certification, another feather in the cap in our continuous pursuit of world-class integrity practices.

I must congratulate the PETRONAS Executive Leadership Team for pro-actively collaborating with the Malaysian Anti-Corruption Commission (MACC) in undertaking the Corruption-Free Pledge in June 2017. This will definitely further strengthen our commitment in upholding the highest level of integrity.

NURTURING DIVERSITY AND IMPORTANCE OF CAPABILITY DEVELOPMENT

While merit remains our true north for talents in the organisation, we must continuously build an eco-system for a diverse pool of talents to grow and thrive. With the convergence of different industries and verticals, diversity is highly imperative for us to remain ahead of the curve in our thought process, decision making, customer orientation and talent development for a sustainable business growth. PETRONAS has made significant headstart in building a robust and diverse talent pipeline, be it for leadership as well as technical expertise.

It is enlightening to note that women participation at board level across PETRONAS has jumped from 15.4 per cent in 2016 to 31.4 per cent as at 2017. In sustaining this upward trend, the PETRONAS Leading Women Network (PLWN) was established with regional hub leaders and champions appointed to connect and garner a collective voice from PETRONAS’ women across the Group’s value chain, in the quest to ensure a continuous pipeline of ready women talent at all levels, leading up to the Board.

The PETRONAS Scientist Development Programme is another of our conscious effort to develop the capability of a diverse group of niche’ expertise – with our scientists and technology management personnel comprising 20 nationalities, with 50 per cent of them aged 35 years and below.

We will continue to focus our investment and energy to ensure our diverse talents are equipped with a holistic development programme and conducive working environment. One that respects and values diversity, unified by PETRONAS’ Shared Values.

EXCITING TIMES AHEAD

All of the components in PETRONAS are now set in motion for us to continuously challenge and nurture our capability to manage risks, champion governance, embrace diversity and grow talents in an effective and sustainable manner.

PETRONAS is entrusted to manage the country’s oil and gas resources. We remain humbled as well as encouraged by the strong support from our Shareholder, the Government of Malaysia. This Amanah and operational freedom to excel is the epitome of a life-long pursuit, coming to 44 years now, that pushed PETRONAS to grow from being a domestic regulator into a reputable and respected global Organisation. I am forever grateful to be part of the legacy that continues to uphold this Amanah zealously.

Last but not least, my utmost appreciation to Tan Sri Wan Zul, the ELT and the over 50 thousand PETRONAS Group employees who have withstood the challenging tides of world and industry events with great tenacity and Focused Execution. I would also like to record my thanks to the bigger family of PETRONAS – our customers, partners and communities who have continued to render unwavering support to PETRONAS for us to continue delivering value to the world. Thanks to you, our broad network of Shared Success is now stronger and better than ever.

Thank you.

TAN SRI SIDEK HASSAN

Full edition of PETRONAS Annual Report 2017

Assalamualaikum Warahmatullahi Wabarakatuh.

As the month of Ramadan draws to a close for our Muslim friends and colleagues here and around the world, we cannot but reflect on the many global tragedies that took place during this month. Families losing homes and loved ones, natural disasters and terrorist attacks to name but a few. There are also families in migration camps who only had food every other day.

In the face of these misfortunes and heartbreaks, here at home, we cannot but be grateful for the many choices we are blessed to have especially when we break our fast. By the grace and mercy of the Almighty we continue to live in a plentiful, safe and war free environment.

On a spiritual and physical level, Ramadan would have been an intense period of worship, reflection and spiritual discipline for Muslims as we strive to draw closer to our Creator. These past four weeks would have also been a time to serve the less fortunate – a reminder of the obligations we have to humanity.

In contemplating our obligations to ourselves, our souls, our families and neigbours, as citizens of PETRONAS we need to also reflect and, where necessary, redefine our responsibilities to humanity. The essence of Ramadan to me is to move beyond the day’s hunger and reflect on the purpose of this short journey we are all blessed to be accorded still.

As we open the doors of our homes to our families and friends of other faiths, as our tradition in Malaysia has thrived on during all festivities, it is my hope that we continue to inculcate and imbue the generous culture of PETRONAS both in and out of work – and that is the strength we derive in diversity and respecting others, no matter their creed, colour and race as this results in a richer and more meaningful life than living for the self. The value of empathy, generosity, discipline, respect and integrity which the month has forced us to ponder, are values which PETRONAS was founded on. It is this culture that I have been honoured to be part of and to have partaken in the last 5 years here in PETRONAS. Let us take these shared values that built our company and continue to make this great company stronger.

I would like to extend my warmest wishes to all Muslims here and around the world as we celebrate Hari Raya Aidilfitri. I would also like to wish non-Muslim colleagues a blessed holiday. Please keep safe and travel safely to your destinations. Take time to rest between your hectic travels.

Finally, my family joins me in wishing everyone at PETRONAS, Selamat Hari Raya Aidilfitri, Maaf Zahir dan Batin. Accept our apologies for any of our shortcomings.

Eid Mubarak.

Tan Sri Sidek Hassan