Yinson Annual Report 2021

26 YINSON HOLDINGS BERHAD SECTION 01 : OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS This marks the third year since Yinson first embarked on our Integrated Reporting journey. In the first year, we focused on delivering a robust Sustainability Statement. Last year, we greatly increased the quantity and quality of our disclosures, including how we manage our material topics and capitals. Our efforts were rewarded with several international design awards, and a silver placing at the prestigious NACRA 2020’s Excellence Award. This year, we focused on improving the connectivity of the various sections of our Report and further enhanced the quality of our disclosures to be more balanced, concise, comparable and meaningful. We hope this helps you to get a good idea of our strategy and outlook, so you can make informed decisions about the Group. As mentioned earlier in this Report, climate action is no longer a luxury but a necessity. There is already a major and inevitable transition occurring in the energy sector to more sustainable energy sources. With sustainability as a Core Value close to our hearts, Yinson sees this as an opportunity to adapt and participate in this global shift towards a more sustainable energy future. In coming years, we will focus on reducing our carbon intensity and invest more into the energy transition, making this a core part of our strategy moving forward. In the Business Review section of this Report, the leaders of our four Business Divisions will provide you with updates and insights into their business areas. In closing, on behalf of our Board, Management and employees, I would like to thank our clients and business partners for trusting us with your investment and business. To our vendors and suppliers, thank you for partnering with us to deliver our projects successfully. To our shareholders, bankers, financiers and investors, thank you for your continued support and confidence. Last but certainly not least, a sincere thank you to our employees and crew, as well as your families. Truly, your commitment, ownership and dedication has enabled us to ‘Passionately deliver powerful solutions’. LIM CHERN YUAN Group Chief Executive Officer