Yinson Annual Report 2019

OFFICE-BASED ENVIRONMENTAL INITIATIVES Our offices and business units adhere to recognised international standards for environmental management, including ISO 14001:2015. In addition to these standards, we have established our own internal system and process for the management of metrics and progress towards our environmental impact areas. These internally- constructed plans, referred to as Environmental Focus Plans (“EFPs”), are developed by each of our international offices to monitor and track progress towards meeting their specific and unique goals and targets. These plans provide each office with a sense of ownership over environmental stewardship in their local context, and we believe they are more effective and purposeful than a single overarching framework. Under these EFPs, each of our offices focuses its efforts on its three most significant specific environmental aspects, as determined on an annual basis. These are identified based on an aspect’s magnitude and frequency, potential to cause environmental harm, relative importance to stakeholders and relevant environmental legislation. While this approach yields a range of different focus areas within the Group each year, we are working towards collecting and collating data of the same nature across all offices. This will facilitate the unified and consistent tracking of data for establishing and monitoring targets. The results of the EFPs for our Singapore, Kuala Lumpur and Oslo offices in FYE 2019 are highlighted in this section. At Yinson, we are committed to minimising environmental impacts at all levels of our organisation, as reflected by the environmental goals set out in our Sustainability Policy. Our strategy for doing so emphasises strict adherence to environmental regulations and the use of targeted environmental initiatives to address our onshore offices’ and offshore operations’ unique environmental risks. No environmental fines or penalties were imposed during the year in review. MATERIAL ASPECT #5 - PROTECTING THE ENVIRONMENT Paper consumption Wherever possible, we seek to reduce the paper we consume for printing and copying. We also manage our paper waste by sending it to recycling facilities. Key achievements: • Our consumption of paper for Yinson’s Kuala Lumpur office in 2018 amounted to 262,500 sheets. Our office’s unused paper and cardboard materials were also donated to a charitable organisation which recycles the material and diverts the funds towards their initiatives supporting the disabled. In 2018, we contributed a total of 4,004 kg of paper to this organisation. • Our Singapore office’s target for 2018 was to reduce paper consumption against the 2017 baseline by 10%. Although the target was not met this year, in 2019 we will continue to work towards a 10% reduction of our 2018 consumption, which amounted to 460,591 sheets. • In 2018, our Oslo office surpassed their target for paper conservation by consuming only 99,595 sheets of paper. This represents a reduction in consumption of over 20% compared to 2017 baseline levels. Travelling activity Our offices aim tominimise their travelling activity, and therefore their greenhouse gas emissions, by encouraging phone and video conferences in place of face-to-face meetings and by promoting greater implementation of ‘Skype for Business’. We are committed tomonitoring and tracking air travel mileage and associated carbon emissions with the goal of setting targets once strong Group-wide data collection policies have been established. Our key achievement in this area for 2018 is establishing baseline data for CO 2 emissions due to air travel as follows: • 288.5 tonnes from our Kuala Lumpur office. • 1,126 tonnes from our Singapore office. • 2,370 tonnes from our Oslo office. Sustainability Statement Yinson Holdings Berhad ANNUAL REPORT 2019 64