101 CHAMPIONING HUMAN RIGHTS & HUMAN CAPITAL DEVELOPMENT Why is this topic material to us? The labour market has undergone significant changes which led to major shifts in workforce dynamics, causing employees to place more emphasis on workplace flexibility, benefits, conducive working environment, purposeful company culture and contribution towards sustainability. Furthermore, international economic sectors including the energy industry are facing a shortage of skilled labour which has resulted in stiff competition for talents. To remain as an employer of choice and continuously attract and retain top talent, Yinson is proactively undertaking measures to engage with our potential talents and employees. We plan to achieve this by implementing our Human Capital management strategy, which covers employee experience, health and wellbeing, rewards, talent acquisition, talent development, and learning. Management approach HR Transformation Plan We kickstarted our HR transformation journey in 2020 with the goal to achieve global consistency, deliver relevant HR solutions to our local employees across global offices and leverage on digitalisation to further accelerate our talent growth. We also aim to create an agile HR framework that can flexibly adapt to business needs. We have now achieved our key deliverables against the seven areas of transformation identified under our HR Transformation Plan, and will be progressing into the next phase of our people strategy journey focusing on the key areas below: • Embed: We seek to increase the adoption and usage of HR approaches and platforms to empower people’s capability management. • Employee Experience: We strive to achieve impactful experiences through active listening and leadership accountability. • Leadership and Culture Development: We work towards maintaining Yinson’s culture and nurture leaders and employees in all countries as we expand our businesses. • Global HRIS: We continue to implement our Global HRIS solutions which allow our people to have access to a platform that enables them to take greater flexibility in managing their performance, career development and employee data. Our Global HRIS solution allows us to more easily analyse data and create greater business insights for decision-making. • HR Capability Development: We continue to invest and grow our HR capability through learning, knowledge sharing and honing expertise and skills. Our HR transformation journey is applicable across the Group and driven by the Group HR function with support from Senior Management and business leaders. HUMAN CAPITAL DEVELOPMENT DEFINITION OF MATERIAL TOPIC Maintain our standing as an employer of choice through utilising competitive programmes that attract, retain and reward employees. MS1 IMPACTS GS1 GS3 GS5 GS6 S3 S8 S6 S5 S4 S10 S2 SUSTAINABILITY REVIEW
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