Yinson Annual Report 2019

INTERNATIONAL STANDARDS AND CERTIFICATIONS Our international presence, diversity of business operations and multiple subsidiaries require that we adhere to a variety of international standards, qualifications and certifications. We aim to go above and beyond in our compliance with these frameworks and integrate responsible practices in all our business activities. Our Group-wide operations are certified to ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007, and our offshore vessels are certified to the International Management Code for the Safe Operation of Ships and for Pollution Prevention. Together, the standards ensure the safe management and responsible operation of our offshore vessels. In the case that non-compliance occurs, the Group is quick to respond and resolve the issue. Only one such incident occurred in FYE 2019, during which the Information Technology and Communication hardware and software onboard one of our vessels required upgrading in order to maintain proper access to our online systems and communications capabilities. The case was handled by an Investigation Committee which was established to resolve the issue, and was comprised of relevant technical and management personnel. All actions were successfully closed by the Committee, and the systemmade fully operational as required. Adherence to the highest standards at all times is reflective of the strong governance practices that we embrace. Sustainability Statement SCOPE OF DISCLOSURE This Sustainability Statement describes the progress made by Yinson in FYE 2019 to address the five material aspects set out in our Sustainability Policy. It covers all aspects of our business, including an overview of our joint ventures. Our disclosure is guided by external sustainability frameworks, including the Bursa Securities Guidelines, GRI standards and UN SDGs, as well as the international policies and standards that our offshore vessels adhere to. It is our ambition to move towards an integrated reporting framework for future sustainability disclosure and we view our more robust Sustainability Statement in this Annual Report 2019 as a solid first step towards achieving this. STAKEHOLDER ENGAGEMENT Recognising the inputs into our business model and strategies as well as the key elements of our business activity performance will help Yinson generate value for our clients, shareholders, stakeholders and the environment. Yinson’s key stakeholder groups and the platforms on which Yinson engages with them include those listed in the table below. STAKEHOLDERS ENGAGEMENT PLATFORMS Employees Surveys, townhall meetings, internal communications, conferences, interviews, meetings, performance reviews Clients Surveys, face-to-face meetings, reports Suppliers & vendors Vendor Registration Platform, face-to-face meetings, conferences Host governments Meetings, press releases, compliance reports Offshore crew Safety briefings, toolbox talks, HSEQmeetings, trainings, management visits Investors & bankers Regular investor updates, corporate website, analyst briefings Industry Conferences Local communities Community development programmes Civil society Press releases, career roadshows Shareholders Annual Reports, Annual and Extraordinary General Meetings, circulars, corporate website Partners Face-to-face meetings, regular updates, reports Yinson Holdings Berhad ANNUAL REPORT 2019 44