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Yinson Integrated Annual Report 2024

YINSON INTEGRATED ANNUAL REPORT 2024 1
INSIDE THIS REPORT 5
BASIS OF THIS REPORT 4
FYE 2024 AT A GLANCE 6-7
GROUP HIGHLIGHTS 6-7
GROUP FINANCIAL HIGHLIGHTS 8
KEY EVENTS 10
OUR INVESTMENT CASE 14-15
GLOBAL PRESENCE 14-15
KEY ASSETS 16
OUR APPROACH TO SUSTAINABILITY 20
LEADERSHIP MESSAGES 22
CHAIRMAN STATEMENT 22
GROUP CEO REVIEW 25
FINANCIAL REVIEW 35
VALUE CREATION AT YINSON 47
MARKET LANDSCAPE 47
MATERIALITY MATTERS 52
STRATEGY REVIEW 56
VISION, MISSION, CORE VALUES, AND PURPOSE 61
OUR BUSINESS VALUE CREATION MODEL 62-63
RISKS AND OPPORTUNITIES 66
TRADE-OFFS 69
BUSINESS REVIEWS 70
YINSON PRODUCTION 70
YINSON RENEWABLES 78
YINSON GREENTECH 83
FAROSSON 90
REGULUS OFFSHORE 91
SUSTAINABILITY REVIEW 94
BUILDING ENVIRONMENTAL AND CLIMATE RESILIENCE 94
CLIMATE CHANGE & CARBON MANAGEMENT 94
INCLUSIVE ENERGY TRANSITION 98
BIODIVERSITY MANAGEMENT 100
ENVIRONMENTAL MANAGEMENT 103
RESOURCE EFFICIENCY 105
EMPOWERING PEOPLE AND COMMUNITIES 107
OCCUPATIONAL HEALTH & SAFETY 107
HUMAN & LABOUR RIGHTS 111
HUMAN CAPITAL DEVELOPMENT 113
COMMUNITY ENGAGEMENT 117
DIVERSITY, EQUALITY & INCLUSION 120
DRIVING SUSTAINABLE GROWTH THROUGH GOOD CORPORATE GOVERNANCE 122
BUSINESS MANAGEMENT & PERFORMANCE 122
CORPORATE GOVERNANCE & BUSINESS ETHICS 125
SUSTAINABLE SUPPLY CHAIN MANAGEMENT 128
DIGITAL TRANSFORMATION 130
GOVERNANCE 133
BOARD OF DIRECTORS 133
SENIOR MANAGEMENT 139
CORPORATE GOVERNANCE OVERVIEW STATEMENT 145
OTHER COMPLIANCE INFORMATION 162
STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL 164
REPORT ON AUDIT COMMITTEE 171
STATEMENT ON DIRECTORS’ RESPONSIBILITY 174
ACCOUNTABILITY 175
DIRECTORS’ REPORT 175
STATEMENT BY DIRECTORS 185
STATUTORY DECLARATION 185
FINANCIAL STATEMENTS 186
INDEPENDENT AUDITORS’ REPORT 342
CORPORATE INFORMATION 346
ANALYSIS OF SHAREHOLDINGS 347
ANALYSIS OF WARRANT HOLDINGS 350
LIST OF PROPERTIES 353
APPENDIX 354
SUSTAINABILITY PERFORMANCE DATA 354
BURSA ESG PERFORMANCE REPORTING 366
EXTERNAL ASSURANCE REPORT 367
GRI CONTENT INDEX 370
IFRS ISSB CONTENT INDEX 375
LIST OF ABBREVIATIONS 381
ANNUAL GENERAL MEETING 382
NOTICE OF ANNUAL GENERAL MEETING 382
FORM OF PROXY 392

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