Yinson Annual Report 2020

48 49 Yinson Holdings Berhad Annual Report 2020 SECTION 4 OUR CAPITALS VISION To be a global energy solutions provider that is known for being reliable, open, adaptable, decisive and sustainable MISSION Passionately delivering powerful solutions HOW YINSON GENERATES VALUE CORE VALUES R E L I AB L E OP EN ADAP TAB L E DEC I S I V E SUS TA I NAB L E INPUTS FINANCIAL • Equity • Loans and borrowings • Cash • Cash flow MANUFACTURED • Securing projects • Building assets • Operating assets ORGANISATIONAL Invest resources into: • Corporate governance (“CG”) • Organisational structure • Business systems and processes • Company culture and communication HUMAN Invest resources into: • Recruitment and retention • Work-life balance • Localisation • Digital Human Resource (“HR”) technologies • Diversity and inclusion • Health and safety Social & Relationships • Invest resources into engaging with all stakeholder groups to build trust and long-term relationships NATURAL • Air • Energy • Water • Materials FINANCIAL The pool of available funds MANUFACTURED Physical materials and infrastructure ORGANISATIONAL Governance, systems and processes SOCIAL & RELATIONSHIPS Interactions with our stakeholders NATURAL Environmental resources used in our processes HUMAN Employees and crew capitals VALUE CREATION PROCESS FINANCIAL • Stable dividend payouts • Consistent operating cash flows • Healthy balance sheet • High return on equity MANUFACTURED • Projects secured • Delivery and operations of key assets • Energy production (oil, gas, solar) ORGANISATIONAL • Good governance • Robust organisational structure • Continuous business systems and processes improvements • Strong company culture and communication HUMAN • High quality recruitment and retention outcomes • Work-life balance • Skilled local workforce • Diversified and inclusive workplace • Good health and safety records SOCIAL & RELATIONSHIPS • Long-term relationships built on trust NATURAL • Lower environmental impacts arising from carbon emissions, energy, pollution, water, waste and materials outputs business divisionS (pG 12) OFFSHORE PRODUCTION OFFSHORE MARINE RENEWABLES GROUP STRATEGY (PG 30) Strong local presence in operating countries Design, construct, own and operate model Excellent track record in operations and maintenance Professional and skilled project management teams Long-term contracts and robust contractual terms Securing opportunities with innovative and cost effective solutions Disciplined business and financial management Good counterparties Five core pillars of our business (pG 132) Business Development risk, compliance and legal project execution financing operations materiality matters (pG 45) ECONOMIC SOCIAL GOVERNANCE External environment, risk and opportunities (pg 36) Underpinned by UNITED NATIONS’ SDGs (PG 42) SDG 8 Decent Work and Economic Growth SDG 14 Life Below Water SDG 4 Quality Education SDG 7 Affordable and Clean Energy SHARED outCOMES Continued value generation for all our stakeholders Achievement of short, medium and long-term divisional goals (pg 31) Provision of affordable energy worldwide Improvement in the quality of life and environment in the communities where we operate A workforce that is empowered by our Core Values, R.O.A.D.S Stakeholders (pG 102) Employees Crew Clients Vendors and suppliers Governments and regulatory bodies Investors and shareholders Industry Local communities Bankers and lenders Partners Business continuity