115 SUSTAINABILITY REVIEW Why is this topic material to us? The inherent uncertainties of the global market have demonstrated that businesses need to be resilient, innovative and forward-looking. We believe that oil & gas will remain essential in the global energy mix and will reach peak demand in the coming decade. With our core business related to oil & gas production, Yinson understands the need for adapting our business model in order to maintain long-term value creation and competitiveness. A key way we are adapting our business model is by diversifying our business interests through investments in renewables and green technologies. The strategic review of our FPSO business and a GSR that took place in 2021 and 2022 have affirmed our current business strategies and highlighted what we need to do to be even more effective. Even as we adapt our business model for the future, we are cognisant that managing our current assets and businesses well is of paramount importance, as it builds our track record as a reliable partner who delivers on our commitments. This provides assurance of our abilities to carry out our growth plans, and the financial capability to do so. BUSINESS MODEL INNOVATION DEFINITION OF MATERIAL TOPIC Improve business resilience against external pressures, market signals and trends through offering of innovative products and services. IMPACTS GS1 GS2 GS3 GS4 GS5 GS6 MG2 S9 S10 S7 S2 S4 S3 S1 S6 S5 EMBRACING GOOD CORPORATE GOVERNANCE
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