100 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 Energy management Energy is a crucial resource consumed in our business operations. YP’s operations account for the highest energy consumption in the Group, as electricity is generated onboard by utilising gas from the field to power FPSO operations. RO’s operations rely on purchased fuel to power our marine vessels and onboard equipment while our onshore offices consume the least amount of energy. We aim to monitor our energy usage carefully and reduce our consumption where possible. This can be achieved by converting to equipment with low load ratings, utilising energy-efficient buildings onshore, and installing efficient monitoring systems to detect inefficiencies. One of our FPSOs, which is currently under construction, is targeting to achieve the DNV Abate class notation. This involves establishing an energy management system in line with ISO 50001 to reduce emissions from the operation of the FPSO. This shall ensure that the unit is designed, built and operated to minimise emissions wherever possible. Emissions reduction targets and results will be verified during the annual class surveys. Air emissions Non-GHGs such as nitrogen oxides, sulphur dioxide, sulphur oxides, carbon monoxide, and non-methane volatile organic compounds are associated with air emissions and are based on the activity data and conversion factors recommended by the UK Oil & Gas ‘EEMS – Atmospheric Emissions Calculations ENVIRONMENTAL CONSERVATION & PROTECTION (Issue 1.810a)’. To reduce our carbon footprint, we ensure that we monitor and assess the air emissions onboard our FPSO assets and adhere to stringent regulatory requirements on emissions levels. In our endeavour to minimise our air emissions, we consciously choose low-emission technologies and engines for utilisation onboard our assets wherever possible.
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