117 SUSTAINABILITY REVIEW Why is this topic material to us? We strive to attain the highest standards of integrity, ethics and business conduct. At Yinson, our efforts to meet the interests of our stakeholders provides the framework for our management objectives, action plans, internal controls, performance management and corporate disclosures across the Group. We are committed to establishing risk mitigation measures in all aspects of our business. The Board continues to oversee our governance, providing insight and guidance to protect the interests of our stakeholders through the implementation of a robust governance framework and effective control systems. Management approach Sustainability governance We have sub-Board committees to oversee and manage sustainability-related issues. The Board has oversight of our sustainability strategies through our Sustainability Committee, which is led by our Group CEO and comprises Senior Management members. The Sustainability Committee meets quarterly to review and steer the Group’s sustainability efforts, establish performance metrics and targets, monitor sustainability performance and manage sustainability risks and opportunities. In December 2022, Yinson updated its Board Charter, renaming the BRMC to BRSC, in line with the Group’s sustainability agenda. Policies, procedures & frameworks Yinson adopts a high standard of business practices, and a robust corporate governance and risk framework, placing emphasis on transparency, accountability, efficient leadership and sustainable performance. We are committed to consistently evaluating, improving and refining our governance practices and frameworks to meet the best interests of our stakeholders. Yinson’s Directors’ Fit and Proper Policy was introduced in June 2022 to ensure Directors’ commitment towards their duties within the Group, while the HLR Policy was updated in July 2022 to include the monitoring and reporting process for suppliers. Aside from that, Yinson increased the autonomy and decision-making of business units by reinforcing respective management teams and adapting LOAs to be more business unit-focused. As Yinson continues to expand its operations in Brazil, the Company has translated key Group-level governance policies and procedures into Portuguese. These include the Code of Conduct & Business Ethics (“COBE”), Whistleblowing Policy & Procedure, ABAC Policy & Procedure and HLR Policy. Scan this QR code to view our full list of publicly available corporate governance policies and procedures. GOOD CORPORATE GOVERNANCE DEFINITION OF MATERIAL TOPIC Upholding business policies and processes to be a responsible and ethical corporate citizen. IMPACTS MG3 S10 S8 S9 S7 S2 S4 S3 S1 S6 S5 GS1 GS3 GS5 GS6 EMBRACING GOOD CORPORATE GOVERNANCE
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