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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
- Yinson awarded The BPAM Bond Market Awards 2022 in the ESG Top Issuance category for year 2021
- Won joint second place under the FBM Mid 70 Index category at the PwC Malaysia's Building Trust Awards 2021
- Released inaugural Task Force on Climate-Related Financial Disclosure (TCFD) aligned Climate Report
- Released Yinson's Climate Goals Roadmap
- Received the ISO 37001 certification from international certification body Bureau Veritas, in recognition of Yinson's robust Anti-Bribery Management System ("ABMS")
- Awarded the ‘Community Award’ at the Sustainable Business Awards Malaysia 2020/21 in recognition of the Group’s exemplary CSR and ESG engagement efforts
- Received an ESG Risk Rating of 21.7 from Sustainalytics, placing us in the top 9th percentile in the Energy Services Industry
- Announced support for TCFD
- Won Asset Triple A Awards 2021 for Best Green Financing in Malaysia
- Won MSWG-ASEAN Corporate Governance Awards 2020
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.
- 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.
