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Yinson Annual Report 2022

YINSON ANNUAL REPORT 2022 1
WHAT’S INSIDE 2
FYE 2022 HIGHLIGHTS 4
GROUP HIGHLIGHTS 4
GROUP FINANCIAL HIGHLIGHTS 6
KEY EVENTS 7
ABOUT THIS REPORT 12
OVERVIEW 14
CHAIRMAN STATEMENT 15
BUSINESS MODEL 18
VALUE CREATION MODEL 22-23
BOARD OF DIRECTORS 25
SENIOR MANAGEMENT 31
GLOBAL PRESENCE 37
KEY ASSETS & STRATEGIC INVESTMENTS 39
STRATEGIC ALLIANCES & INDUSTRY CONTRIBUTION 42
STRATEGY & OUTLOOK 45
GROUP CEO REVIEW 46
STRATEGY REVIEW 56
FINANCIAL REVIEW 64
CORPORATE COMPLIANCE REVIEW 75
LEGAL & INSURANCE REVIEW 83
PEOPLE REVIEW 87
BUSINESS REVIEW - OFFSHORE PRODUCTION 101
BUSINESS REVIEW - RENEWABLES 110
BUSINESS REVIEW - GREEN TECHNOLOGIES 116
BUSINESS REVIEW - OFFSHORE MARINE & MALAYSIA OPERATIONS 121
SUSTAINABILITY STATEMENT 125
SUSTAINABILITY HIGHLIGHTS FYE 2022 126
OUR APPROACH TO SUSTAINABILITY 127
OUR APPROACH TO STAKEHOLDER ENGAGEMENT 129
MATERIALITY MATTERS 134
ALIGNMENT WITH THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS 136
CLIMATE CHANGE & THE ENERGY TRANSITION 137
GHG METHODOLOGY & VERIFICATION 139
OUR CAPITALS 141
FINANCIAL CAPITAL 142
MANUFACTURED CAPITAL 146
INTELLECTUAL CAPITAL 149
HUMAN CAPITAL 155
SOCIAL & RELATIONSHIPS CAPITAL 161
NATURAL CAPITAL 165
TRADE-OFFS IN OUR CAPITALS 171
PERFORMANCE DATA 173
ECONOMIC PERFORMANCE 174
ENVIRONMENTAL PERFORMANCE 175
OCCUPATIONAL HEALTH & SAFETY PERFORMANCE 177
PEOPLE PERFORMANCE 178
COMPLIANCE PERFORMANCE 181
CORPORATE SOCIAL RESPONSIBILITY PERFORMANCE 185
SUPPLY CHAIN PERFORMANCE 186
GOVERNANCE 187
CORPORATE GOVERNANCE OVERVIEW STATEMENT 188
STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL 204
REPORT ON AUDIT COMMITTEE 210
STATEMENT ON DIRECTORS’ RESPONSIBILITY 212
ACCOUNTABILITY 213
DIRECTORS’ REPORT 214
FINANCIAL STATEMENTS 222
INDEPENDENT AUDITORS’ REPORT 357
CORPORATE INFORMATION 361
ANALYSIS OF SHAREHOLDINGS 362
LIST OF PROPERTIES 365
GRI CONTENT INDEX 366
LIST OF ABBREVIATIONS 375
ANNUAL GENERAL MEETING 376
NOTICE OF ANNUAL GENERAL MEETING 376
ADMINISTRATIVE DETAILS 383
FORM OF PROXY 388

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