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376
Yinson Annual Report 2023
YINSON INTEGRATED ANNUAL REPORT 2023
1
INSIDE THIS REPORT
4
COVER RATIONALE
2
BASIS OF THIS REPORT
2
FYE 2023 AT A GLANCE
6
GROUP HIGHLIGHTS
7
GROUP FINANCIAL HIGHLIGHTS
9
KEY EVENTS
11
OUR INVESTMENT CASE
17
GLOBAL PRESENCE
18
KEY ASSETS AND STRATEGIC INVESTMENTS
20
STRATEGIC ALLIANCES
24
OUR APPROACH TO SUSTAINABILITY
25
LEADERSHIP MESSAGES
29
CHAIRMAN STATEMENT
30
GROUP CEO REVIEW
34
FINANCIAL REVIEW
44
VALUE CREATION AT YINSON
57
MARKET LANDSCAPE
58
MATERIALITY MATTERS
61
STRATEGY REVIEW
63
VISION, MISSION AND CORE VALUES
69
VALUE CREATION MODEL
70
RISKS AND OPPORTUNITIES
76
BUSINESS REVIEW
80
YINSON PRODUCTION
81
YINSON RENEWABLES
87
YINSON GREENTECH
91
REGULUS OFFSHORE
95
SUSTAINABILITY REVIEW
97
ENVIRONMENTAL CONSERVATION & PROTECTION
98
CLIMATE CHANGE & GREENHOUSE GAS EMISSIONS
98
WASTE & POLLUTION MANAGEMENT
101
ENVIRONMENTAL STEWARDSHIP
103
CHAMPIONING HUMAN RIGHTS & HUMAN CAPITAL DEVELOPMENT
105
HUMAN CAPITAL DEVELOPMENT
105
OPERATIONAL HEALTH & SAFETY
109
HUMAN & LABOUR RIGHTS
112
CLIENT RELATIONSHIPS
114
COMMUNITY ENGAGEMENT
115
EMBRACING GOOD CORPORATE GOVERNANCE
117
BUSINESS MANAGEMENT & PROFITABILITY
117
BUSINESS MODEL INNOVATION
119
GOOD CORPORATE GOVERNANCE
121
SUSTAINABLE SUPPLY CHAIN MANAGEMENT
124
CYBERSECURITY
126
DIGITALISATION
127
GOVERNANCE
129
BOARD OF DIRECTORS
130
SENIOR MANAGEMENT
136
CORPORATE GOVERNANCE OVERVIEW STATEMENT
142
OTHER COMPLIANCE INFORMATION
156
STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL
158
REPORT ON AUDIT COMMITTEE
166
STATEMENT ON DIRECTORS’ RESPONSIBILITY
169
ACCOUNTABILITY
170
DIRECTORS’ REPORT
171
STATEMENT BY DIRECTORS
180
STATUTORY DECLARATION
180
FINANCIAL STATEMENTS
181
INDEPENDENT AUDITORS’ REPORT
324
CORPORATE INFORMATION
330
ANALYSIS OF SHAREHOLDINGS
331
ANALYSIS OF WARRANT HOLDINGS
334
LIST OF PROPERTIES
337
PERFORMANCE DATA
338
EXTERNAL ASSURANCE REPORT
351
GRI CONTENT INDEX
354
LIST OF ABBREVIATIONS
359
ANNUAL GENERAL MEETING
360
NOTICE OF ANNUAL GENERAL MEETING
360
FORM OF PROXY
373
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