In April 2021, MPRC rolled out the National OGSE Industry Blueprint 2021-2030 to address these challenges through four strategic thrusts:
Under the sustainability strategic thrust, the OGSE Blueprint targets for the inclusion of five OGSE companies in the Dow Jones Sustainability Index by 2030. Malaysia Petroleum Resources Corporation (MPRC) as the initiative owner, has embarked on guiding OGSE companies towards embracing sustainability practices and maintaining the sector’s social “licence to operate”.
The guidelines will be further defined in the National OGSE Sustainability Roadmap that is planned to be rolled out by 2023, followed by the National OGSE Sustainability Framework 2024.
Based on the National OGSE Sustainability Plans (NOSP) which was published in 2022, there are 11 recommendations to guide OGSE companies towards adopting sustainability practices. These recommendations will form basis for the development of the National OGSE Sustainability Roadmap 2023 and National OGSE Sustainability Framework 2024. Refer the NOSP publication below for more