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at least 10 per cent through better
supply and demand management
of electricity consumption; while
under carbon pricing, impose price
on carbon emissions; and for waste
management,
reduce
municipal
waste to landfills to one kilogramme
per person per day.
Under the strategy for climate
resilience and adaptation, Brunei is
looking at increasing capacity to adapt
to climate impacts and in achieving
resilience while in strategy for carbon
inventory, mandatory monthly and
annual reporting of carbon inventory.
For awareness and education,
the country is looking to increase
awareness and education surrounding
mitigation and adaptation responses
against climate change.
The implementation of this policy
shows a potential of reducing
greenhouse
gas
emissions
to
more than 50 per cent in 2035 in
comparison to the Business-as-
Usual level. With the BNCCP, both
mitigation and adaptation strategies
can be adopted to ensure that climate
change issues are actively addressed
in the short, medium and long-term.
The BNCCP was drafted by the
Climate Policy Drafting Committee
(CPDC), which consists of 39
agencies involving the government,
private sector, research institutions,
academics,
associations,
non-
governmental organisations (NGOs)
and a group of about 51 youth
representatives to emphasise that
climate change issues are ‘cross-sectoral’
and require a ‘whole-of-nation’ approach.
Brunei Energy Industry
Integrity Pact
The Brunei Energy Industry Integrity Pact
was established in 2017 with 10 founding
members comprising established oil and
gas companies in Brunei. As of November
2021, the pact is made up of 88 members
comprising both international and local
companies.
The pact comprises 10 essential principles
that companies will incorporate into their
ways of working to ensure appropriate
internal controls are in place to assess,
prevent, detect and monitor integrity
and compliance risks in the course of
their operations. By agreeing to the pact,
the industry conveys its zero-tolerance
message that any company lacking
integrity and transparency will not have
the opportunity to do business with any
of the oil and gas operators in Brunei.
Members of the Brunei Energy Industry
Integrity Working Group, comprising
employees from the oil and gas
operators who jointly authored the
Integrity Pact principles and are tasked
with management and oversight of the
companies’ compliance efforts, work
to ensure the companies abide by the
agreed principles.
MITSUBISHI
CORPORATION
Established
in
1954,
Mitsubishi
Corporation (MC) is a global integrated
business
enterprise
headquartered
in Japan that develops and operates
businesses together with its offices
and subsidiaries worldwide.
MC has 10 business groups that
operate across virtually every industry:
natural gas, industrial materials,
petroleum and chemicals, mineral
resources, industrial infrastructure,
automotive and mobility, food
industry, consumer industry, power
solution and urban development.
Through its 10 business groups,
MC’s current business activities have
expanded far beyond its trading
operations to include business
development,
production
and
manufacturing operations, working in
collaboration with its trusted partners
around the globe.
As a shareholder of Brunei LNG, MC
has been involved in the country’s
liquefied natural gas (LNG) business
from the beginning since the
establishment of Brunei LNG in 1969
and the first LNG cargo delivery from
Brunei to Japan in 1972. Since the first
shipment to Japan, LNG produced
in Brunei has contributed to the
development of the industry and daily
life in Japan.
Furthermore, in 2000 and after, MC
acquired ownership of companies
owning LNG carriers to join the
LNG transportation sector and also
participated in a Block CA2 upstream
development. Over the past 50 years,
MC has built a value chain that covers
throughout upstream, liquefaction,
sales and transportation. Aside from
the LNG business in Brunei, MC is also
involved in businesses MC Biotech