• Taking climate action

    Climate change is a global agenda. According to the UN Intergovernmental Panel on Climate Change, we need to limit the global temperature increase to below 2°C and pursue efforts to cap the increase to within 1.5°C to avoid catastrophic consequences to natural and human systems. At Yinson, we aspire to be part of the solution towards solving the global climate issue.

Our action plan

Climate action is the centrepiece of our Group strategy development and it is closely integrated and operationalised throughout our Business Divisions.

With due consideration to the urgency of the current climate situation, we aim to take thoughtful and measured steps towards achieving the following goals:

  • Measure and verify our greenhouse gas (“GHG”) emissions.

 
  • Deploy emission reduction measures where reasonably practicable.

 
  • Utilise high-quality offsets to balance residual GHG emissions by 2030.

  • Focus investments into nature-based and technology-based carbon removal projects.

 
  • Actively invest into zero or low-carbon technologies.

 
  • Commit business operations in alignment with the Paris Agreement.

Climate framework

Strategies will be further implemented through a three-pronged framework, as follows :
  • Carbon Reduction
    • Reduce GHG emissions from Scope 1, 2 and 3
    • Limit carbon intensity of FPSOs
    • Source renewable energy to replace usage of grid electricity
  • Carbon Compensation
    • Invest in zero or low-carbon technologies
    • Increase capacity of renewable energy generation
  • Carbon Removal
    • Invest into nature-based carbon removal solutions such as afforesation & reforestation
    • Utilisation of technology-based carbon removal solutions such as Direct Air Capture (DAC) and Carbon capture, utilisation and storage (CCUS)
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