112 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 To ensure our CSR programmes are meaningful and beneficial to communities, we established a CSR Committee which oversees the purpose and the execution of initiatives. The following steps are required when planning and executing CSR activities: Reporting A project manager is appointed when a CSR initiative is approved. The project manager is responsible for providing status updates to the Committee until the completion of the project. A CSR Closing Project Form is required upon completion, to provide information on the process and progress including costs and expenses incurred. Yinson is currently undergoing a target-setting exercise to identify CSR-specific performance indicators. Due diligence Yinsonites are required to exercise discretion when evaluating potential CSR projects, taking into consideration the economic, environmental and social impacts as part of the due diligence process. The proposal is then vetted by the Committee for review. This process ensures that projects or contributions are not a subterfuge for bribery and corruption or used to fund activities that are deemed inappropriate, including governmental or political party candidates or campaigns. Implementation When a CSR project receives final approval, the Committee informs the requesting employee of the outcome, which provides the employee with the mandate to proceed with implementation. The Committee monitors the progress of every project through quarterly reports submitted by the project manager. CHAMPIONING HUMAN RIGHTS & HUMAN CAPITAL DEVELOPMENT
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