156 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 S4 EMPLOYEES YINSON’S VALUE PROPOSITION • Inclusive, fair, and equal employment opportunities. • Attractive and competitive work packages for mutual value creation. • Strong prospects for career growth and learning opportunities. • Flexible working arrangements for work-life balance. STAKEHOLDER IMPORTANCE • We rely on our skilled and high-performing workforce to drive value creation and execute our business strategy and growth. FREQUENCY AND METHODS OF ENGAGEMENT • Daily: YNet, on-the-job learning, and communication. • Regularly: Office-wide town halls, focused small group engagement discussions, pulse engagement surveys, continuous performance and feedback, and employee activities. • Quarterly: Group-wide town halls. • Biannual: Employee performance review. • Based on need: Focus groups, family-friendly offices and activities, training and development programmes. KEY AREAS OF CONCERN MG1 MG2 MS1 MG4 MS2 MS3 MS5 OVERVIEW OF YINSON’S RESPONSE • Strong culture of compliance integrated at every level in all our business processes. • Extensive compliance programmes and training on topics such as COBE, ABAC, Whistleblowing, Sanctions, and many more. • Robust HLR and DEI policies and Group-wide initiatives to ensure we operate in alignment with these policies. S5 GOVERNMENTS & REGULATORY BODIES YINSON’S VALUE PROPOSITION • Consistent and strong regulatory compliance for better market growth. • Tax payments in all jurisdictions of our operations. • Promote long-term and sustainable economic development. STAKEHOLDER IMPORTANCE • A strong relationship with governments and regulatory bodies allows us to be updated on the latest regulations and to ensure the business is operating within compliance requirements. FREQUENCY AND METHODS OF ENGAGEMENT • Daily: Compliance with applicable legislation, submission of reports, Yinson website and social media, regular engagement, communication, and dialogue. • Regularly: Participation in government and regulatory events and competency trainings. • Based on need: Consultation on regulatory matters, announcements and disclosures, work and resident permit issuances, kick-off, engagement and clarification meetings, and audits and inspections. KEY AREAS OF CONCERN MG2 MS1 MS2 MS5 MG3 ME1 ME2 ME3 OVERVIEW OF YINSON’S RESPONSE • The implementation of our business strategies are helmed by an experienced MSC, Advisory Boards, and Senior Leadership Teams. • Robust Tax, Treasury and Finance policies, processes and functions supported by experienced personnel, and advanced digital platforms globally. • Strong global HR team that champions a comprehensive HR strategy. • Robust HLR and DEI policies and Group-wide initiatives to ensure we operate in alignment with these policies. • ISO 9001 qualified VRP, which is integrated with our Supply Chain Policy. • Cross functional collaboration between all departments to enable procurement teams to have a holistic view of the market. • Climate Goals to be carbon neutral by 2030 and net zero by 2050, with strategies outlined in our Climate Goals Roadmap. • Significant effort into measuring and monitoring our impact and performance in terms of carbon accounting and GHG emissions. • Our businesses work together to address the energy trilemma to ensure a sustainable future for all. • All employees are encouraged to operationalise ESG in their daily work. • Robust Biodiversity Policy which drives the implementation of biodiversity projects in all our areas of operation. Our employees refer to the personnel who work on our onshore offices and are expected to carry out duties and responsibilities to meet our stakeholder commitments. These are the public organisations or government agencies that are responsible in regulating our business activities.
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