148 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 CORPORATE GOVERNANCE OVERVIEW STATEMENT STAKEHOLDER ENGAGEMENT BANKERS & LENDERS Who are they? Financial institutions that support our business growth and expansion through financial capital and advisory services. Yinson’s principal bankers and financiers are disclosed in our Corporate Information section. Yinson’s value proposition • Business excellence. • Sustainable financial and growth performance. Environmental and social sustainability Operationalising ESG and robust sustainability governance are important parts of our Group strategy. Our ESG performance helps our stakeholder groups to gauge our long-term outlook and insulates us against potential crisis. In Yinson, teams are given mandates to identify, develop and execute ESG initiatives that contribute to our overall sustainability goals and commitments. Financial performance Disciplined business and financial management are Yinson’s Edge to differentiate ourselves from our competitors. Tactical financial management is an important part of our capital strategy, within which we consider, amongst others, counterparty strength, building strong partnerships and careful management of our current and future debt. Yinson has a strong record of financial performance and returns to shareholders. Key areas of concern & Yinson’s response Stakeholder importance Bankers and lenders are our main external source of capital to fund projects and other growth initiatives so we can continue to deliver value and services effectively to our stakeholders. Frequency and methods of engagement • Daily: Yinson website and social media. • Regularly: One-on-one engagements, communication and dialogue. • Based on need: Road shows, site visits, stakeholder engagement events. S1 CLIENTS Who are they? Parties who pay us for services and goods rendered. Our client profiles vary across business units due to the differing natures of these businesses as explained in our business model. Yinson’s value proposition • Professional services as an energy solutions provider. • Timely and high-performance products and services. • Efficient and tailored energy solutions that support clients’ business growth. Contractual obligations are met Project management is the core strength of Yinson, supported by a team of professional and skilled personnel who handles the execution of various projects across our business units. Yinson has a good track record of meeting our contractual obligations, including early or on-time delivery for our FPSO assets. Operational excellence Industry-leading operational expertise is a Yinson Edge, which differentiates ourselves from our competitors. Our business units have strong track records of operational excellence, with YP demonstrating industry-leading operational and safety performance, YR demonstrating strong and stable energy generation and RO demonstrating good fleet utilisation and safety performances. Key areas of concern & Yinson’s response Stakeholder importance Our clients play a central role in our business success. We continuously seek to understand and meet our client’s expectations in order to deliver products and services that will build brand loyalty in the long run. Frequency and methods of engagement • Daily: Scheduled reports, Yinson website and social media. • Regularly: One-on-one engagements, communication and dialogue. • Monthly: Milestone meetings and updates. • Based on need: Kick-off meetings, continuous engagement, road shows, site visits, stakeholder engagement events. S2
RkJQdWJsaXNoZXIy NDgzMzc=