Our Climate Goals

Building our business and a better tomorrow

Yinson is committed to the use of appropriate GHG calculation methodology aligning with internationally recognised practices and standards. Yinson’s approach to monitoring, reporting and verifying our GHG emissions allows us to accurately inform our decision-making, manage our long-term strategic goals and ensure the integrity of the information disclosed.

Yinson accounts for and reports Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from the generation of purchased energy) and Scope 3 (all other indirect emissions that occur in the value chain) emissions. Where possible, Yinson will prioritise and utilise recorded activity data for the calculation.

Yinson’s methods are based on the UK oil & gas industry’s Environmental and Emissions Monitoring System (“EEMS”) Greenhouse Gas Protocol, ISO 14064 and IPIECA. The GHG emissions that are material to Yinson’s operations include carbon dioxide (CO₂), methane (CH₄) and nitrous oxide (N₂O), which are converted to CO₂ equivalents (CO₂e) by applying the 100-year time-horizon global warming potential as recommended by the IPCC’s 5^th Assessment Report.

Yinson continues to engage in annual external verification, reasonably assure our GHG data and calculations covering the majority of our business activities, to ensure the integrity of our GHG quantification. Our GHG calculation and methodology have been independently verified and reasonably assured by a third-party assurer.