26 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 OUR APPROACH TO SUSTAINABILITY SUSTAINABILITY FOCUS AREAS Yinson recognises the importance of operationalising sustainability in driving positive change. Our strategy takes into consideration our material matters and is designed to create long-term value for our stakeholders. We have strategically channelled our corporate efforts into the above key sustainability focus areas to drive positive change. Yinson is in the midst of conducting a Group-wide ESG target setting exercise that will be aligned with the following frameworks: • Bursa Malaysia’s Common Sustainability Indicator requirements as per the enhanced sustainability reporting framework. • UNGC Principles. • Selected SDGs. At Yinson, we aspire to be part of the solution towards creating a low-carbon, climate-resilient environment by providing access to affordable, reliable and sustainable energy. We endeavour to work with like-minded partners and stakeholders throughout our value chain to achieve Environmental Conservation & Protection Championing Human Rights & Human Capital Development Embracing Good Corporate Governance We aim to enhance long-term stakeholder value through environmental conservation & protection, championing human rights & human capital development and embracing good corporate governance Climate resilience • Climate-related initiatives • Development of renewables and green technologies businesses • Sustainability data monitoring, reporting and verification Carbon emissions management • R&D on low-carbon solutions to support sustainable strategy Pollution, waste & energy management • Operational eco-efficiency improvement programme Biodiversity • Biodiversity programme Training & development • HR Transformation Plan Operational health & safety • YP HSSEQ Strategy Review • Emergency Response Programme • Safety Culture Transformation Programme (SAYFR) Employee rights & benefits • Human & Labour Rights Due Diligence Programme • Employee health and wellbeing Anti-discrimination • DEI awareness programmes Community development and inclusive growth • Community development and CSR programmes Anti-bribery & anti-corruption, and Sustainability Governance • Ethics and compliance awareness and development programme Supply chain management • Sustainable procurement - ESG supply chain screening Business continuity & performance • Sustainability-linked financial instruments • Group Strategic IT Roadmap YINSON SUSTAINABILITY FRAMEWORK our shared objectives. We advocate for the incorporation of sustainable and emissions-lowering features into the design of our offshore production assets to support and accelerate the energy transition. Yinson Production (“YP”) is working closely with our partners to develop innovations in the offshore energy production space, such as the Zero Emissions FPSO Concept. Since its establishment in 2019, Yinson Renewables (“YR”) has built a strong and growing portfolio of assets across the entire renewables value chain, focusing on the three core regions of Latin America, Europe and the Asia Pacific. We also established Yinson GreenTech (“YGT”) in 2020 as a green technologies solution provider delivering a clean, integrated and technology-enhanced transport ecosystem across land and sea. YGT aims to create a proprietary digital marketplace that provides affordable and accessible techbased low-carbon products and services to help businesses and communities achieve their own net zero ambitions.
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