99 ENVIRONMENTAL CONSERVATION & PROTECTION Why is this topic material to us? We embrace our responsibility towards the environment by preserving the planet which in turn benefits the wellbeing of our stakeholders and enables our business to operate efficiently. This also leads to reduced operational costs, increased brand recognition and the social approval necessary for our organisation’s continued operation. As a multinational corporation, Yinson can leave a substantial impact by promoting environmental awareness and responsible stewardship. We are also cognisant that non-compliance with regulatory standards could result in legal and reputational consequences. We address the topic of environmental management at the Group-level and our practices are relevant to the entire organisation. Management approach HSE governance Our focus on delivering excellent results in environmental stewardship is guided by the key principle of Environmental Conservation & Protection under the Group’s Sustainability Policy. Our Board and Management oversee the governance practices of our Sustainability Policy while our Corporate Sustainability Department and ESG Taskforce drive our initiatives. The Taskforce consists of representatives from every business unit, making it a holistic corporate effort that ensures all operations adhere to the principles of our Sustainability Policy and that these principles are properly and seamlessly executed. The Group closely monitors its environmental performance and identifies areas for improvement, implementing the necessary initiatives to enhance performance. We also build robust with relevant stakeholders such as regulatory bodies, NGOs and governments by adhering to all environmental disclosure requirements. Biodiversity & ecosystem management One of our key focus areas is to be highly attentive to any Health, Safety, Environment and Quality (“HSEQ”) matters including potential biodiversity impacts caused by our operations. We support and align with SDG 14, Life Below Water, and are committed to ensuring the prevention of all kinds of marine pollution as well as sustainable management and protection of marine and coastal ecosystems. Our engineering solutions integrate international and national regulations, and industry best practices. It is designed to limit our potential environmental impact, including MARPOL and The International Convention for the Control and Management of Ships’ Ballast Water and Sediments. In addition, we also comply to the Environmental Impact Assessments (EIA) prepared by our clients for the offshore fields where our assets operate. SUSTAINABILITY REVIEW ENVIRONMENTAL STEWARDSHIP DEFINITION OF MATERIAL TOPIC Advocacy of environmentally-friendly organisational practices including considerations for efficient energy management. ME3 IMPACTS GS1 GS2 GS5 GS6 S4 S9 S8 S7 S3 S2
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