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Our vision for sustainability
We aim to enhance long term shareholder value with due regard to the environmental, economic, social and governance aspects by being a reliable and adaptable partner to our stakeholders.
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Our vision for sustainability
We aim to enhance long term shareholder value with due regard to the environmental, economic, social and governance aspects by being a reliable and adaptable partner to our stakeholders.
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Solving the global climate issue
At Yinson, we are determined to do our part in the global movement towards a low-carbon, climate resilient environment. We aim to be carbon neutral by 2030, and net zero by 2050.
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Solving the global climate issue
At Yinson, we are determined to do our part in the global movement towards a low-carbon, climate resilient environment. We aim to be carbon neutral by 2030, and net zero by 2050.
Sustainability principles
We are committed to integrating sustainability strategies into our business and we aim to operationalise our commitment through the following principles.
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- Pollution management
We strive to avoid contamination of the environments where we operate.
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- Carbon emissions management
We aim to monitor and manage emissions from our operations.
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- Waste management
We practise responsible collection, transport, treatment and disposal of all waste under Yinson's control.
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- Energy management
We endeavour to systematically manage our energy consumption where feasible.
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- Climate Resilence
We are commited to deliver our climate strategy to drive change towards a low-carbon, climate resilence environment.
ONGOING INITIATIVES
- Integration of climate considerations into Yinson's Enterprise Risk Management framework
- Ongoing assessments of our Scope 3 emissions
- Continuous improvement on ESG disclosures for Annual Report
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- Operational health & safety
We aspire to improve, if not maintain a high level of workplace health and safety.
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- Employee rights & benefits
We respect all international human rights standards on employment practices.
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- Anti-discrimination
We practice equality at all levels, free from any form of discrimination.
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- Training & development
We have measures in place to improve Group-wide employee skillsets and knowledge capital.
ONGOING INITIATIVES
- Occupational Health & Safety: Measures to avoid Covid-19 infection and to retain optimal safety performances
- Launching of Yinson’s SuccessFactors to improve employee engagements
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- Anti-bribery & anti-corruption
We strive to prevent any form of corruption and/or bribery in all business transactions.
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- Sustainability governance
We aim to increase robustness of sustainability reporting by adhering to globally established standards and guidelines.
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- Supply chain management
We seek to embed our sustainability principles in our supply chain management and ensure that our suppliers and subcontractors abide by the Group’s ethical values.
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- Business continuity & performance
We continuously analyse the evolution of the energy landscape and adopt necessary strategies and measures to ensure the Group’s leadership.
ONGOING INITIATIVES
- Improve scores of ESG ratings
- Improve ESG disclosure framework
- Grow sustainability-linked financing portfolio
- Enhance ABAC practices against standards of ISO 37001: Anti Bribery Management Systems
Recent ESG achievements
- Awarded the ‘Pioneer Sustainable Development Action Recognition’ at the UN Global Compact Network Malaysia & Brunei (UNGCMYB) Sustainable Performance Awards 2022.
- Won Gold for the Best Performing Company in the Energy Sector under the Equities Category at the inaugural The Edge ESG Awards 2022.
- Committed to United Nations Global Compact (UNGC) on supporting its Ten Principles on human rights, labour, environment and anti-corruption.
- Received improvement in ESG Risk Rating by Sustainalytics, placing Yinson in the top 2nd percentile of both the energy services industry and the Oil and Gas Equipment subindustry as of December 2022.
- Won three awards at The Asset Triple A Islamic Finance Awards 2022, namely, Best Issuers / Advisers - Issuers of the Year (Corporate), Best in Sustainable Finance (Best Sustainability-linked Sukuk), and Best Deals by Country (Best Sustainability-linked Sukuk)
- Recognised as one of Malaysia’s Best Managed Companies 2022 by Deloitte
- Won Best Sustainability Sukuk of the Year at the Global Islamic Finance Awards (GIFA) 2022
- Recognised as the ‘Most Outstanding Company’ in Malaysia under the Energy Sector at the Asiamoney Asia’s Outstanding Companies Poll 2022
- Received improvement in ESG Rating as rated by FTSE4Good, placing Yinson in the top 14th percentile in its Industry Classification Benchmark (ICB) Supersector as assessed by FTSE Russell, with an ESG Rating of 3.8
- Conferred silver at the Australasian Reporting Awards (ARA) 2022
- Named as ’Most Honored Company’ at Institutional Investor Research’s 12th Annual All-Asia Executive Team Survey, marking the 4th consecutive year in which Yinson has earned the distinction
- Awarded the 3G Leadership in Sustainability Award 2022 and 3G Excellence in Green Innovation and Solutions Award 2022 at the Global Good Governance Awards 2022
- Won Silver in the category of Asia’s Best Integrated Report (First Time) at the Asia Integrated Reporting Awards (AIRA) 2021
Alignment with the UN Sustainable Development Goals
The Sustainable Development Goals are a universal call to action to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere. The 17 Goals were adopted by all UN Member States in 2015, as part of the 2030 Agenda for Sustainable Development which set out a 15-year plan to achieve the Goals.
We strategically direct efforts to seven Sustainable Development Goals where we have the most opportunity and capability to have an impact.
Commitment to support the Ten Principles of UN Global Compact
Corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. Responsible businesses enact the same values and principles wherever they have a presence and know that good practices in one area do not offset harm in another.
By incorporating the Ten Principles of the UN Global Compact into our strategies, policies and procedures, and establishing a culture of integrity, we not only uphold our basic responsibilities to the people and the planet but also set the stage for long-term success.
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Human Rights
- Businesses should support and respect the protection of internationally proclaimed human rights; and
- make sure that they are not complicit in human rights abuses.
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Labour
- Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
- the elimination of all forms of forced and compulsory labour;
- the effective abolition of child labour; and
- the elimination of discrimination in respect of employment and occupation.
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Environment
- Businesses should support a precautionary approach to environmental challenges;
- undertake initiatives to promote greater environmental responsibility; and
- encourage the development and diffusion of environmentally friendly technologies.
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Anti-Corruption
- Businesses should work against corruption in all its forms, including extortion and bribery.
For more information, please visit UN Global Compact.
- FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Yinson Holdings has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
- Yinson has initiated an ESG Risk Rating exercise with Sustainalytics, a Morningstar company and a leading independent ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies.
- Yinson supports the Task Force on Climate-related Financial Disclosures, demonstrating a commitment to building more climate-resilient operations and safeguarding against climate risk through better disclosures.
- Yinson is a member of BCSD Malaysia and supports their objectives to raise awareness, share knowledge and build capacity; advocate the case for sustainability as a business opportunity; bring a collective business voice to engage with policymakers and regulatory authorities; initiate projects and programmes in collaboration with stakeholders in Malaysia and Southeast Asia.
- The CEO Action Network is a closed door, peer-to-peer informal network of CEOs of leading Malaysian businesses. It is a coalition of leaders with a purpose, focused on sustainability advocacy, capacity building, action and performance. Yinson joined CAN in 2021 supporting their collective commitment on climate action and social stewardship. As a CAN member, we are actively working to facilitate sharing of knowledge and best practices, towards establishing collective commitment and actions to drive sustainable development in Malaysia.
- As part of our commitment to sustainable and responsible business practices, Yinson Holdings Berhad has embedded the Ten Principles of the United Nations Global Compact into our strategies and operations and is committed to respecting human and labour rights, safeguarding the environment, and working against corruption in all its forms. UNGC drives change across all aspects of corporate sustainability and inspires, guides and supports companies to do business responsibly and take action for a more sustainable future.
