Yinson Annual Report 2019

Our business is enriched by the wide partnerships and collaborations that we have built. We thus seek to play our part as a responsible corporate citizen while also enhancing long term value for our stakeholders. Our sustainability journey continues on an upward trajectory, as marked by enhancements to our strategic sustainability approach in FYE 2019. Our Sustainability Strategy, which was developed in 2017 to manage our economic, social and environmental impacts, is now strengthened and guided by a Sustainability Policy. Endorsed and approved by the Board of Directors in 2018, the Sustainability Policy sets out clear sustainable development objectives and guidelines for Yinson in every aspect of our business. The Policy and its accompanying statements were developed to meet the requirements of Bursa Securities’ Sustainability Reporting Guide, the Global Reporting Initiative (“GRI”) standards on sustainability reporting and the United Nations Sustainable Development Goals (“UN SDGs”). The Sustainability Policy is guided by the five material sustainability aspects of our business which we have identified as most significant to our business and our stakeholders. With the establishment of the Policy, we have institutionalised our material aspects into policy statements which will guide our business actions and the achievement of our short, medium and long term business goals. By aligning our business goals with our sustainability commitments, we ensure that we are striving for achievements that will yield shared value for both our business and our stakeholders. With the Sustainability Policy and Sustainability Strategy in place, we have achieved clarity and focus in the implementation of sustainability across the Group. As part of our efforts to integrate sustainability at the operational level, we have also established a sustainability monitoring system. This includes a reporting dashboard for capturing progress, and evaluating success against the key focus areas of our Sustainability Strategy. The system also facilitates quarterly reports to Yinson’s sustainability governance body. Centralising sustainability performance is a step towards identifying trends, gaps and subsequently, opportunities where Yinson can create value for our organisation and our stakeholders. The dashboard is updated with inputs from the relevant departments and monitored on a quarterly basis. SUSTAINABILITY GOVERNANCE The main governance and monitoring body providing oversight for sustainability at Yinson is the Sustainability Committee. The Committee was formed in 2016 with duly approved terms of reference, and strengthened through the establishment of the Sustainability Policy in 2018. The Committee oversees the administration and integration of sustainability strategies within the Group and reports directly to the Board on progress. The Committee is supported by a Core Group, comprising of leaders from across Yinson’s business operations, who undertake the integration of sustainability practices and objectives at the operational level, including tracking and measuring progress. Feedback provided by the Core Group to the Sustainability Committee serves as the basis for the Board to review Yinson’s sustainability performance and allows the Committee to identify areas for improvement and thereafter, formulate the necessary measures to advance our approach. Sustainability at the Board The broadmix of experience and skills held by the Board and Sustainability Committee provides the basis for oversight of Yinson’s progressive sustainability approach. One of the roles of the Board is to review and adopt strategic plans as developed byManagement, taking into account the sustainability of the business of the Group, with attention given to environmental, social and governance aspects of the business. At Yinson, our growth and progress are linked to the economic, environmental and social sustainability of our business. As a leading and trusted provider operating in a global industry, we impact a wide range of stakeholders. OUR APPROACH Core Group Board of Directors Sustainability Committee 43 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting