CHAIRMAN STATEMENT
Commentary by Lim Han Weng, Founder & Group Executive Chairman
On behalf of the Board, I am pleased to present Yinson’s Annual Report 2022. 2021 was a fruitful year as we achieved one of our strongest financial performances since we were founded, and made significant inroads on our sustainability journey.
GROUP HIGHLIGHTS FYE 2022
ESG HIGHLIGHTS
>USD139,500 spent on high-impact education based CSR programmes
64 students from three schools impacted with 58 laptops worth USD20,700
USD118,800 contributed to the upskilling of technician students and medical professionals
>USD139,500 spent on high-impact education based CSR programmes
64 students from three schools impacted with 58 laptops worth USD20,700
USD118,800 contributed to the upskilling of technician students and medical professionals
One school with 250 students provided with access to renewable energy
287,986 tonnes of CO2 avoided
963 employees
up 33.4% from FYE 2021
9.26% annual attrition rate
23 kg CO2e/BOE
carbon intensity per barrel of oil
489.3 kg CO2e/MWh
carbon intensity per MWh of energy generated
367.3 tonnes CO2e/RM million
intensity of carbon emissions per revenue
Announced support for TCFD
Released Climate Goals Roadmap
≤15 ppm oil in water discharged to sea
AWARDS AND ACHIEVEMENTS
Institutional Investor’s 2021 All-Asia Executive Team
Most Honoured CompanyTop 3 rankings for Best CEO, Best CFO, Best ESG, Best IR Professional and Best IR Programme
The Asset Triple A Awards 2021
Best Green Financing in MalaysiaMSWG-ASEAN Corporate Governance Awards 2020
Industry Excellence Award, Top 100 Companies for Corporate Governance DisclosuresSustainable Business Awards Malaysia 2020/21
Significant Achievement Award, Community CategoryPwC Malaysia Building Trust Awards
Joint 2nd place, FBM Mid 70 Index CategoryLinkedIn Talent Awards Malaysia
LinkedIn Diversity Champion (Finalist)BPAM Bond Market Awards
Top ESG IssuanceAsia Integrated Reporting Awards 2021
Asia’s Best Integrated Report (First Time)
Attained global Anti-Bribery Management System certification from Bureau Veritas
Top 9th percentile in Energy Services Industry
Top 11th percentile in Oil & Gas Equipment Subindustry
CORPORATE MILESTONES
Strategic Review
embarked to unlock value of the offshore production division
CORPORATE MILESTONES
million
A1/stable
A+/stable
1-for-1 Bonus Issue
RM1.1 to RM1.2 billion
STRATEGY & OUTLOOK
>> Group CEO Review
Commentary by Lim Chern Yuan,
Group Chief Executive Officer
>> Strategy Review
Commentary by Daniel Bong,
Group Chief Strategy Officer
>> Financial Review
Commentary by Guillaume Jest,
Group Chief Financial Officer
>> Corporate Compliance Review
Commentary by Alex Gwee,
Head, Group Governance, Risk & Sustainability
>> Legal & Insurance Review
Commentary by Andrew Choy,
General Counsel Group Legal
>> People Review
Commentary by Louisa Brady,
Group HR Director
SUSTAINABILITY STATEMENT
CO emissions
NOx emissions
nmVOCs emissions
oil spills
water discharged
environmental violations
waste generated
Our goal is to have Zero LTI across all our assets
Number of Internal Audits
OUR CAPITALS
Our strategy for managing our Financial Capital is intrinsically linked to how we manage the material topic of ‘Business Management and Value Creation’
Through good management of our Financial Capital, we aim to achieve long-term, stable cash flows and profitability for the Group, ultimately bringing sustained value to all our stakeholders.
Our strategy for managing our Manufactured Capital is intrinsically linked to how we manage the material topic of ‘Business Model Innovation’.
Through good management of our Manufactured Capital, we aim to grow a strong asset portfolio that is aligned with our goals and strategies, and manage them well in order to enhance their productivity, longevity and value.
Our strategy for managing our Intellectual Capital is intrinsically linked to how we manage the material topics of ‘Good Corporate Governance’, ‘Cybersecurity’ and ‘Digitalisation’.
We manage our Intellectual Capital by building strong systems and structures, enhancing the collective knowledge and experience of the Group and creating a conducive working environment that encourages teamwork.
Our strategy for managing our Human Capital is intrinsically linked to how we manage the material topics of ‘Human Capital Development’, ‘Operational Health & Safety’ and ‘Human & Labour Rights’.
Our approach to managing Human Capital centres around providing employee-driven solutions that are relevant, add value, and enable our people to succeed.
Our strategy for managing our Social & Relationship Capital is intrinsically linked to how we manage the material topics of ‘Sustainable Supply Chain’, ‘Client Relationships’ and ‘Community Engagement’.
Through active and meaningful engagement with our stakeholders, we aim to build the bonds of trust that will enable our shared goals to be achieved, which in turn helps to build a conducive environment for businesses and communities to thrive.
Our strategy for managing our Natural Capital is intrinsically linked to how we manage the material topics of ‘Climate Change & Greenhouse Gas Emissions’, ‘Waste & Pollution Management’ and ‘Environmental Stewardship’.
Our approach to managing our Natural Capital focuses on improving awareness internally and across our value chain, implementing innovative solutions for lowering our environmental impact, improving our environmental monitoring and disclosure and establishing a leadership position in sustainability.
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YINSON HOLDINGS BERHAD
199301004410 (259147-A)
Level 16, Menara South Point
Mid Valley City, Medan Syed Putra Selatan
59200 Kuala Lumpur, Malaysia