94 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 Scan this QR code for more information on Yinson’s GHG Methodology & Verification ENVIRONMENTAL CONSERVATION & PROTECTION CLIMATE CHANGE & GREENHOUSE GAS EMISSIONS DEFINITION OF MATERIAL TOPIC Integrating climate-related considerations into business strategies, as well as limiting the generation of carbon emissions from all operations. ME1 IMPACTS GS1 GS2 GS3 GS5 GS6 S3 S7 S9 S6 S5 S4 S8 S2 S1 Why is this topic material to us? Climate-related issues pose a material risk to Yinson’s long-term value creation. They have the potential to affect our performance, reputation, supply chain, operating environment and overall long-term business sustainability. As such, we view it as a crucial factor in making strategic business decisions. Carbon accounting and GHG emissions remain a key focus of our engagements with stakeholders and we put significant efforts into measuring and monitoring our impacts and performance. Management approach Data monitoring & verification We measure and disclose our emissions across Scope 1, 2 and 3 based on internationally recognised practices and standards such as the UK oil & gas industry’s Environmental Emissions Monitoring System (“EEMS”), GHG Protocol, ISO 14064 and IPIECA. To ensure the accuracy and integrity of our data, we conduct third-party verifications of our FPSO operations’ GHG emissions. The verification statements are available on our website. We have a comprehensive inventory of our emission sources. For our FPSOs, we track, verify and disclose the following sources: • GHG emissions from FPSOs, such as fuel gas and Marine Gas Oil consumption, flaring and production volumes. • Energy consumption on FPSOs, which is the energy content of the hydrocarbon fuel used to produce electricity, heat, steam, etc. • Cold venting from cargo tanks.
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