100 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 Marine Conservation Programme, Bali, Indonesia Yinson Group Strategy, with the Inecosolar team, volunteered with Bali Blue Harmony for marine biodiversity conservation with Yayasan Biodiversitas Pesisir dan Laut in Nusa Dua, Bali. 60 coral fragments were transplanted using the Mars Assisted Reef Restoration System (MARRS), aiding in coral reef restoration efforts. Mangrove Rehabilitation Programme, Miri, Malaysia Our Miri office partnered with the Miri Marine Department Sports and Welfare Club (JELAS), Natural Resources and Environment Board (NREB) and Miri City Council (MCC) to initiate a mangrove rehabilitation programme aimed at addressing environmental challenges in Miri. This initiative aligns with the state government’s strategies and plans for mangrove conservation outlined in The Greater Miri Masterplan. Rewilding Initiative, Desaru, Malaysia Yinson GreenTech worked together with the Ecotourism & Conservation Society Malaysia (Eco MY) and nature guides JungleWalla on a rewilding project that helps to restore the region’s wildlife by providing food for bees, butterflies and birds, while preserving the ecosystem. Integrating biodiversity considerations into business management As we continue to grow globally, we commit to continually embedding biodiversity considerations into our operations. This involves continuing to implement sustainable measures, fostering partnerships with communities and NGOs, and supporting initiatives for ecosystem restoration. Additionally, we will prioritise monitoring and measuring our impact on biodiversity to ensure accountability and continual improvement. In June 2023, we exchanged an MoU with Tropical Rainforest Conservation & Research Centre (TRCRC) to develop viable nature-based projects in Malaysia. The collaboration aims to generate a healthy pipeline of quality carbon credits while bringing about a positive impact on climate, biodiversity and local communities. Such partnerships and projects align with one of the strategies under our Climate framework, which is to invest in nature-based carbon removal solutions such as afforestation and reforestation. By proactively safeguarding biodiversity, Yinson aims to play a role in building a more sustainable future for all. In the inaugural cycle of our Yinson4Youth initiative, Yinson awarded a RM50,000 grant to Kelab Belia Prihatin (“Belia Prihatin”), a collective registered under Malaysia’s Ministry of Youth and Sports. The grant is being used to set up a mangrove nursery at Mangrove Point, Klang. The nursery forms part of ‘We-Be-Leaf Together’, Belia Prihatin’s ongoing nationwide mangrove conservation campaign that started in 2022. Aside from nurturing mangrove seedlings, the nursery will serve as a centralised hub for mangrove conservation, facilitating scientific research and increasing community awareness. This project aligns strongly with Yinson’s commitment to safeguarding biodiversity, with one of the key strategies being the collaboration with partners to protect natural ecosystems and implement programmes for restoration and rehabilitation. In line with our commitment to reducing paper use, Yinson has donated the print cost of every Integrated Annual Report hardcopy printed since 2023 to support non-profit tree planting civil society organisations.
RkJQdWJsaXNoZXIy NDgzMzc=