132 YINSON HOLDINGS BERHAD SUSTAINABILITY STATEMENT CLIMATE CHANGE & THE ENERGY TRANSITION In line with the goals of the Paris Agreement, Yinson established our Climate Goals to be carbon neutral by 2030 and net zero by 2050. Yinson’s Climate Goals Roadmap provides a forward-looking trajectory of Yinson’s carbon profile up to 2050, highlighting specific action plans and operational changes to reduce carbon emissions. The projected key milestones for emissions reductions of Yinson Production is also provided within the Roadmap, providing a realistic direction towards the achievement of Climate Goals. We ensure that our climate actions are aligned to our Group strategies. We believe this alignment will create greater value for our stakeholders and the wider community. Yinson announced our support for the TCFD framework in August 2021 and aim to work towards implementing the recommendations. In December 2021, Yinson released our first Climate Report aligning with the TCFD recommendations. Yinson’s Climate Report outlines our strong governance and commitment to transparency in climate disclosure covering the four core elements – Governance, Strategy, Risk Management, and Metrics and Targets. Climate change is an urgent challenge affecting all nations and countries as it brings widespread economic disruptions and threatens lives. Tackling climate change is a global effort, with the fundamental transformation of the energy system being a key mitigation focus area. Yinson supports global climate action to meet the goals of the Paris Agreement to keep global temperature rise to well below 2°C and pursue the effort to limit it to 1.5°C. CORE ELEMENTS OF RECOMMENDED CLIMATE-RELATED FINANCIAL DISCLOSURE Governance The organisation’s governance around climaterelated risks and opportunities Strategy The actual and potential impacts of climate-related risks and opportunities on the organisation’s business, strategy, and financial planning Risk Management The processes used by the organisation to identify, assess, and manage climate-related risks Metrics and Targets The metrics and targets used to assess and manage relevant climate-related risks and opportunities Metrics and Targets Risk Management Strategy Governance
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