Yinson Annual Report 2020

116 HUMAN NATURAL ORGANISATIONAL MANUFACTURED FINANCIAL SOCIAL & RELATIONSHIPS Yinson Holdings Berhad SECTION 4 OUR CAPITALS Other vendors Local vendors FPSO JAK: Local vendor engagement in FYE 2020 FPSO Adoon: Local vendor engagement in FYE 2020 52% 48% Number of local vendors 329 64% 36% Number of local vendors 54 40% 60% Expenditure with top 10 vendors 30% 70% Expenditure with top 10 vendors Engagement with local vendors As we have long-term commitments in the countries we operate in, we are continuously working to improve and strengthen our supply chain through local suppliers and resources. A close cooperation throughout the organisation and across countries, allows us to see opportunities for a more adaptable and sustainable supply chain. We contract both local and foreign suppliers, defined relative to the locations where our vessels are operating. Wherever possible, we prioritise local suppliers and service providers to support local economies and empower local communities, while increasing the effectiveness of the supply chain and reducing transport-related carbon emissions. For FYE 2020, our assets in the operations phase were FPSO JAK and FPSO Adoon. FPSO Helang went on charter on 6 December 2019, at which point it moved on to the Operations phase. We will include local vendor engagement for FPSO Helang in the next reporting cycle.