Compliance

Compliance and ethical conduct is established at the highest level at Yinson. This is evident with Yinson Holdings Berhad and Yinson Production Offshore Pte Ltd Singapore being awarded with the ISO 37001 Anti-Bribery Management Systems ("ABMS") certification by Bureau Veritas in October 2021.

Gaining this accreditation means that these entities have exhibited the commitment to an ethical culture in conducting business; demonstrating that our procedures and processes are in line with the ISO 37001 ABMS standard.

Additionally, being accredited enables these entities to promote confidence to both internal and external stakeholders that a robust ABMS is in place and it has been independently assessed.

Yinson’s compliance framework

At the heart of Compliance in Yinson, it is guided by the Code of Conduct and Business Ethics ("COBE"). Other policies namely Anti-Bribery and Anti-Corruption Policy, Anti-Money Laundering Policy, Whistleblowing Policy and Procedure, Data Privacy Policy and Human and Labour Rights Policy complements the overall approach for the COBE on how Yinson employees conduct themselves at Yinson.

Yinson’s compliance strategy

Our compliance strategy is the approach to provide strategic direction on compliance based on the mapped-out framework above. We intend to embed compliance comprehensively throughout the Group as highlighted below.

1. Promote deeper integration of compliance into our business process
2. Continuously optimise our training methodology
3. Expand targeted communications

We are committed in raising compliance awareness and rolling out compliance-based trainings and communications across the Group and key vendors.

All employees are required to undergo the Anti-Bribery and Anti-Corruption (“ABAC”) online training module and assessment. The online module ensures that all Yinson employees across our global offices have equal access to the same ABAC training and communications. Refresher courses are held annually and are compulsory for all employees. All employees also need to acknowledge the ABAC Policy & Procedure to pledge their commitment and and confirm compliance to the policy.

We manage our vendors through a platform called Vendor Registration Platform (“VRP”). This platform screens potential vendors to ensure they are fully vetted. We have also made it a requirement for our vendors to undergo the ABAC online training module and assessment to ensure that they understand and are aware of Yinson’s ABAC policy and principles. The ABAC online training module and assessment has been implemented into the VRP as part of our efforts to streamline both the training module and assessment under a single procurement platform.

We are committed to respect and uphold all internationally-recognised human rights as relevant to our operations.

The Universal Declaration of Human Rights, as well as the eight core conventions set out by the International Labour Organisation’s (“ILO”) Declaration on Fundamental Principles and Rights at Work highlighted elements that include freedom of association, non-discrimination, anti-forced and anti-child labour, among others. In the entirety of Yinson’s sphere of influence, the company seeks to:

a. Protect or maintain all expressed elements of human rights; as well as,
b. Prevent or mitigate activities that may in any way contribute to the infringements of human rights.

Internally, these goals are supported through the establishment of a system of policies and procedures that, among others, include our Code of Conduct and Business Ethics. We remain steadfast in our position and fully expect all external parties whom we have business relations with, including our business partners, suppliers, and any other affiliated entities to abide by the principles set out within the documents mentioned above.

Please refer to our Human and Labour Rights Policy, and Code of Conduct and Business Ethics Policy and Procedure for more details on our stance and approach towards human rights.