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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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