156 YINSON HOLDINGS BERHAD OUR CAPITALS SOCIAL & RELATIONSHIPS CAPITAL Social & Relationships Capital refers to the institutions and relationships within and between communities, groups of stakeholders and other networks, and the ability to share information to enhance individual and collective wellbeing. ‘Sustainable Supply Chain’, ‘Client Relationships’ and ‘Community Engagement’ are three of Yinson’s material topics, identified during our materiality assessment. The first topic was identified as a topic that can add operational value to Yinson, while the second and third were identified as foundation topics for Yinson. Our ecosystem of stakeholders play a vital role in our longterm success, as they provide our social license to operate. Through active and meaningful engagement with our stakeholders, we aim to build the bonds of trust that will enable our shared goals to be achieved, which in turn helps to build a conducive environment for businesses and communities to thrive. HOW YINSON MANAGES OUR SOCIAL & RELATIONSHIPS CAPITAL INPUTS RM1.7 million spent on CSR programmes. 382 suppliers and vendors engaged through the VRP. Proportion of expenditure on local suppliers: 54.1% Ghana, 62% Nigeria, 91.6% Malaysia. 12 analyst briefings. 45 investor events and meetings. Regular engagements with all our stakeholder groups. OUTPUTS & OUTCOMES Over 9,600 students impacted through education CSR programmes. 20 scholarships provided. 4 teachers sponsored over 3 years. 0 suppliers flagged through the VRP for social and environmental nonperformance. 100% analysts find Yinson’s engagement to have increased or maintained in FYE 2022. >4 out of 5 rating from analysts for Yinson’s openness and transparency, access to management and usefulness of corporate presentation to gauge business outlook. Strong relationships with stakeholder groups. MANAGEMENT STRATEGY Our strategy for managing our Social & Relationships Capital is intrinsically linked to how we manage: MS1 MS2 MS3 GOALS Build bonds of trust that enable shared goals to be achieved. Contribute back to add value to our stakeholder groups and communities where we operate. Build conducive environment for businesses and communities to thrive. Actively engage with all stakeholder groups to discover their concerns and address them. Expand stakeholder network to include those that align with our values and vision for sustainability. Actively advocate ESG and sustainability practices amongst our stakeholder groups. Be a value-added and reliable stakeholder in all our engagements, demonstrating excellence through our Core Values, R.O.A.D.S. Share our knowledge, experience and resources in order to further develop the communities and industries where we operate.
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