Velesto Making Strides In ESG Score
Velesto Making Strides In ESG Score
The company's commitment to safety and environmental sustainability is further demonstrated by its ambitious goals set for FY23. These include achieving a zero lost time injury rate, preventing major spills, and reducing emission intensity by 10% per operating day by 2030. Remarkably, Velesto has already accomplished the emission reduction target ahead of schedule in FY23.Velesto Energy Bhd (Velesto) has shown notable improvements in its environmental, social, and governance (ESG) practices, reflected in its updated ESG score. Following the release of its financial year 2023 (FY23) Annual and Corporate Governance Reports, Velesto received an ESG score of 51 out of 100, marking a significant enhancement from its previous score of 44 for FY22. Maybank Investment Bank Bhd (Maybank IB) maintains a BUY recommendation for Velesto, with an unchanged target price of RM0.32, based on a valuation of 13 times the mid-FY25 estimated earnings per share (EPS).
Velesto Energy Bhd（Velesto）在其更新的环保、社会和治理（ESG）实践中表现出显着的改善，体现在其更新的ESG得分上。在发布2023财政年度（FY23）年度和公司治理报告后，Velesto获得了100分中的51分的ESG得分，与其上一财政年度FY22的44分相比，这标志着显著的提升。马来亚银行投资银行有限公司（Maybank IB）维持对Velesto的买入建议，目标价保持不变为RM0.32，基于对中FY25估计每股收益（EPS）的13倍估值。
Despite the improved ESG rating, Velesto reported increased emissions, including Scope 1, nitrogen oxides, and ammonia emissions in FY23. The company also experienced an upward trend in average water consumption per rig and total waste generated. Nevertheless, MIB said it achieved a noteworthy reduction in greenhouse gas emission intensity, with zero cases of environmental non-compliance reported over the past three years, reflecting Velesto's commitment to improving its environmental footprint.
尽管ESG评级有所改善，Velesto在2023财政年度（FY23）报告中报告显示排放量增加，包括范围1、氮氧化物和氨排放。该公司还经历了每口井平均用水量和总废物产生量呈上升趋势。然而，Maybank IB表示，Velesto在温室气体排放强度方面取得了显著减少，过去三年未报告任何环境不符合案例，反映了Velesto改善其环保足迹的承诺。
In terms of social metrics, Velesto made strides by increasing the average number of training days per employee to 1.3 days in FY23, up from 0.8 days in FY22. The company also recorded a lost time injury frequency rate of zero in FY23, a significant improvement from the 0.5 rate observed in both FY21 and FY22. Additionally, Velesto has implemented key performance indicator linked remuneration tied to sustainability metrics, marking a positive development in its governance structure.
在社会指标方面，Velesto取得进展，每名员工的平均培训天数从FY22的0.8天增加到FY23的1.3天。该公司还在FY23中记录了零的工伤频率率，较FY21和FY22中观察到的0.5率显著改善。此外，Velesto已实施与可持续性指标挂钩的关键绩效指标相关报酬，标志着治理结构的积极发展。
The company's commitment to safety and environmental sustainability is further demonstrated by its ambitious goals set for FY23. These include achieving a zero lost time injury rate, preventing major spills, and reducing emission intensity by 10% per operating day by 2030. Remarkably, Velesto has already accomplished the emission reduction target ahead of schedule in FY23.
该公司对安全和环境可持续性的承诺进一步体现在其为2023财政年度设定的雄心勃勃的目标中。其中包括实现零的工伤率，防止重大泄漏，并计划到2030年每个运营日将排放强度减少10%。值得注意的是，Velesto已在FY23提前完成了减排目标。
Maybank IB has estimated utilisation rates for Velesto's operations to be 82%, 90%, and 83% for FY24, FY25, and FY26 respectively while projecting average day rates for its rigs to be US$119,000, US$127,000, and US$135,000 over the same period. With its focus on enhancing operational efficiency and a commitment to sustainability, Velesto is well-positioned to continue its growth trajectory.
Maybank Ib估计Velesto的运营利用率分别为FY24的82%、FY25的90%和FY26的83%，同时预计其平均日费率为美元119,000、127,000和135,000美元，涵盖同一期间。着眼于提高运营效率和致力于可持续发展，Velesto有望继续保持增长轨迹。
