 
                    
                      On behalf of the Board, I am pleased to present Yinson’s Integrated Annual Report 2024. We continued to deliver strong financial results in the year under review, even as we focused on delivering critical energy infrastructure to communities around the world that need it most. Adaptability is key, as we navigate the evolving risks and opportunities of a rapidly changing business landscape.
Lim Han Weng
                        Group Executive Chairman
 
                    
                      Amid multiple macroeconomic headwinds including geopolitical uncertainties, inflation and tightened financial conditions, Yinson remained focused on delivering on our commitments in 2023. Among key achievements during the year are the timely progression of our three FPSO projects under construction, delivery of our first utility-scale renewables construction project and launch of two prototype fully electric marine vessels.
LIM CHERN YUAN
                        Group Chief Executive Officer
 
                    
                    In FYE 2024, the Group continued to deliver on its value creation objectives, producing its best performance to date for both revenue and PAT. Revenue was RM11.6 billion, an 84% increase compared to the RM6.3 billion recorded the year before. As a result, PAT also increased to RM1.1 billion, 94% higher from RM588 million in FYE 2023. This increase in PAT to a new record level reaffirms that our strategy of inclusive transition and adaptability as an energy infrastructure and technology company is delivering results.
GUILLAUME JEST
                        Group Chief Financial Officer






CARBON INTENSITY
175.9  tonnes CO2e/
RM million
                                    by revenue
591.4  kg CO2e/MWh
                                    by energy generated
33.9  kg CO2e/BOE
                                    by barrel of oil equivalent generated
EFFLUENTS AND WASTE
10 (0.3 litres)
                                   hydrocarbon spill incidents
7.8  ppm
                                    average oil in slop water content
                                  
207.6  tonnes
                                     waste reused, recycled or recovered
ENERGY
3,246,585.4 MWh
                                        energy consumed
                                      
365,593.2 MWh
                                        renewable energy generated
                                      
 278.8 MWh/
RM million
                                      energy intensity
                                    
GREEN TECHNOLOGIES
>400 chargers
                                         operated and maintained
3,324.7 MWh
                                         energy delivered
 through chargEV chargers
Facilitated
~21.28 million km
                                        travelled on electricity
EMPLOYEES
7.4 company index
                                employee engagement score
361 new hires
9.29%
                                  voluntary regular employee 
turnover rate
SAFETY
0.06
                                  Lost Time Injury Frequency
0.36
                                    Total Recordable Injury Frequency
CORPORATE SOCIAL RESPONSIBILITY
RM1.91 million
                                  community investment
~32
                                communities impacted
~4,940
                                  lives impacted
980
                                  employee volunteering hours
                                  100%
                                  pre-qualified suppliers underwent detailed ESG screening
 
                2023 was no ordinary year. Changing macroeconomic conditions disrupted markets, tested our resilience and challenged our assumptions. Yet, it was precisely during these uncertain times that our strategy proved its mettle. We adapted our pace and processes in alignment with changing market factors, while continuing to adhere to our business strategies. We kept focused on our purpose and made decisions in alignment with our Core Values.














Integrate and adopt climate considerations for business resiliency and manage decarbonisation efforts through technology-driven optimisation and low-carbon processes.
A balanced approach to the energy trilemma to support the global energy shift towards an equitable and inclusive low carbon economy through renewable and innovative low-carbon solutions.
Strategies to reduce negative impact from operations to enhance ecosystem resilience through partnership and conservation efforts.
Responsible management of materials, encompassing their acquisition, disposal, and effective measures to address waste, water, effluent, and air pollution.
Responsible use of input material in product development, construction and operations.

Provision of secure working conditions and systems to safeguard human health and well-being in all operations.
Maintenance of key principles relating to human rights and labour standards as those defined by international conventions.
Maintain our standing as an employer of choice through utilising competitive programmes that attract, retain and reward employees.
Collaboration with local communities where we have operations on environmental and social projects that benefit the wider public.
Foster an open and all-inclusive work culture for an equitable and diverse workforce.

Continuously optimising and innovating business processes for financial performance and to safeguard against fluctuating economic conditions and market sentiments.
Business policies and practices to ensure ethical, transparent and responsible corporate governance.
Enhancing supply chain resilience through supplier and contractor management while promoting sustainability principles throughout the value chain.
Integrate digital solutions into business processes and operations to optimise business performance and ensure digital systems and assets are safeguarded against external cyber threats.

