121 SUSTAINABILITY REVIEW In 2022, the ESG module was enhanced to include additional ESG question sets, benchmarked against global standards and methodologies, including GRI, ISO, VRF/SASB, SDG and CDP. This has helped to increase the level of ESG maturity across the YP supply chain for high-risk suppliers and contractors. These additional ESG questions were added to the VRP to enhance YP’s understanding of where our suppliers are in ESG matters, which will enable us to meet our long-term ESG goals. To improve awareness of Yinson’s ABAC stance in its supply chain, annual awareness campaigns are held. Our compliance personnel will also engage with vendors who are flagged as having ABAC non-compliances through reconciliation exercises, to enable vendors to complete the assessment process. ESG-non compliances are flagged through the VRP system and followed up by our sustainability personnel, with engagements held to address the non-compliance. Spending on local suppliers Yinson engages local suppliers whenever possible for the provision of goods and services that are registered in the country where the asset is operating. This supports local economies and empowers the local communities while increasing the effectiveness and resilience of the supply chain and reducing transport-related carbon emissions. We believe this creates a more sustainable supply chain, ultimately creating a more conducive environment for businesses and communities to thrive. EMBRACING GOOD CORPORATE GOVERNANCE Asset, country Local spending by purchase order (%) Local spending by value (%) Local Non-local Local Non-local FPSO Abigail-Joseph, Nigeria 59.4 40.6 50.6 49.4 FPSO Adoon, Nigeria 73 27 67 33 FPSO Helang, Malaysia 90.1 9.9 85 15 FPSO JAK, Ghana 86.6 13.4 69.3 30.7 Note: Figures pertain to FPSO assets which Yinson operated during FYE 2023.
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