Yinson Annual Report 2021

WHAT’S INSIDE ABOUT THIS REPORT OVERVIEW 15 Chairman’s Statement 17 Management Discussion & Analysis 27 About Yinson 28 Board of Directors 34 Senior Management 40 Our global presence 42 Key assets 46 Strategy review BUSINESS REVIEW 53 Offshore Production 56 Renewables 58 Green Technologies 60 Offshore Marine EXTERNAL ENVIRONMENT 62 External environment 69 Covid-19: Yinson’s new normal SUSTAINABILITY STATEMENT 72 Yinson’s Climate Goals 73 Approach to sustainability 74 Alignment to the United Nations Sustainable Development Goals 77 Approach to stakeholder engagement 78 Materiality OUR CAPITALS 82 Financial Capital 98 Manufactured Capital 103 Intellectual Capital 112 Human Capital 130 Social & Relationships Capital 143 Natural Capital 152 Trade-offs in our Capitals GOVERNANCE 154 Corporate Governance Overview Statement 170 Statement on Risk Management and Internal Control 175 Report on Audit Committee 178 Statement on Directors’ Responsibility ACCOUNTABILITY 180 Directors’ Report 188 Financial Statements 312 Independent Auditors’ Report 319 GRI Content Index 325 Corporate Information 326 Analysis of shareholdings 330 List of properties ANNUAL GENERAL MEETING 332 Notice of Annual General Meeting 338 Administrative details Form of Proxy LIST OF ABBREVIATIONS READ YINSON’S ANNUAL REPORT 2021 VIA OUR INTERACTIVE MICROSITE In line with Yinson’s commitment to sustainability and the environment, we are not distributing hardcopies of this Report, except by request. We encourage you to read this Report on our interactive microsite, available at www.ar.yinson.com/2021 , also accessible by scanning this QR code.