Overview
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.
Together with Yinson, the future is now
Sustainability Framework
We recognise the crucial role of energy infrastructure in enabling and accelerating an energy transition that accounts for the varied interests of our stakeholders.
We believe that access to reliable and sustainable energy infrastructure is fundamental to empowering communities and driving economic growth while protecting the environment for current and future generations.
Our purpose forms the basis of our approach to sustainability and the three core principles that guide our Environmental, Social and Governance (“ESG”) focus and practices.
Environment
Building environmental and climate resilience
- Climate Change & Carbon Management
- Inclusive Energy Transition
- Biodiversity Management
- Environmental Management
- Resource Efficiency
Social
Empowering people and communities
- Occupational Health & Safety
- Human & Labour Rights
- Human Capital Development
- Community Engagement
Governance
Driving sustainable growth through good corporate governance
- Business Management & Performance
- Corporate Governance & Business Ethics
- Sustainable Supply Chain Management
- Digital Transformation
Our management of sustainability-related matters is integrated into our robust corporate governance structure. Yinson’s leadership team provides valuable insights and strategic guidance for the success of our sustainability governance structure.
Yinson’s Material Matters
In FY 2024, Yinson conducted its first Double Materiality Assessment (“DMA”), building on the previous materiality evaluations. This assessment builds upon our previous analyses by enhancing the identification, engagement, prioritisation and management of critical sustainability issues. This assessment enhances our understanding of how Yinson’s activities influence societal and environmental factors (impact materiality), and how social and environmental issues affect Yinson’s financial outcomes (financial materiality).
Financial Materiality
This ‘outside-in’ view focuses on how sustainability matters pose a material risk or opportunity that could affect a company’s financial performance and position over the short, medium and long-term.
Impact Materiality
This ‘inside-out’ view focuses on the actual or potential short, medium, and long-term impacts on people or the environment that are directly linked to a company’s operations and its value chain.
Points of Differentiation
Topics where Yinson can lead.
Value Enhancement
Topics which can add operational value to Yinson.
Value Protection
Foundation topics for Yinson.
| Material Topics | Definition |
|---|---|
| Business Management & Performance | Continuously optimising and innovating business processes for financial performance and safeguard against fluctuating economic conditions and market sentiment. |
| Resource Efficiency | Responsible use of input material in product development and construction. |
| Corporate Governance & Business Ethics | Business policies and practices to ensure ethical, transparent and responsible corporate governance. |
| Digital Transformation | Integrate digital solutions into business processes and operations to optimise business performance and ensure digital systems and assets are safeguarded against external cyber threats. |
| Occupational Health & Safety | Provision of secure working conditions and systems to safeguard human health and wellbeing in all operations. |
| Human & Labour Rights | Maintenance of key principles relating to human rights and labour standards as those defined by international conventions. |
| Human Capital Development | Maintain our standing as an employer of choice through utilising competitive programmes that attract, retain and reward staff. |
| Community Engagement | Collaboration with local communities where we have operations on social projects that benefit the wider public. |
| Diversity, Equality & Inclusion | Foster an open and all-inclusive work culture for an equitable and diverse workforce. |
| Sustainable Supply Chain Management | Enhancing supply chain resilience through supplier and contractor management while promoting sustainability principles throughout the value chain. |
| Climate Change & Carbon Management | Integrate and adopt climate considerations for business resiliency and manage decarbonisation efforts through technology-driven optimisation and low-carbon processes. |
| Inclusive Energy Transition | A balanced approach to energy trilemma to support the global energy shift towards an equitable and inclusive low-carbon economy through renewable and innovative low-carbon solutions. |
| Biodiversity Management | Strategies to reduce negative impact from operations to enhance ecosystem resilience through partnership and conservation efforts. |
| Environmental Management | Responsible management of materials, encompassing their acquisition, disposal, and effective measures to address waste, water, effluent, and air pollution. |
For more information on our double materiality process and our approach to managing our material matters, please refer to our Integrated Annual Reports.
Yinson corporate governance commitment
At Yinson, compliance is a system of controls intended to provide a cost-beneficial level of assurance that the Group complies with all applicable laws, regulatory requirements and internal policies.
Yinson is committed to conducting our business responsibly, in accordance with the laws of the countries where we operate. This is guided by our Vision, Mission, Strategies and Compliance Framework.
Yinson is committed to a single declarative set of our most material ESG targets to be achieved by 2030.
The targets are specific, measurable, timebound, and importantly, their attainment will contribute significantly to the creation of a long-term and sustainable economy that is fair and equitable to all.
30 by 30: A Collective Journey Towards A Better Horizon
Supporting the United Nations Sustainable Development Goals
The SDGs are a holistic, sustainable development framework and are important considerations in setting our sustainable strategy and targets to maximise positive impacts.
Aligning with our focus on delivering sustainable energy infrastructure and solutions, we strategically align our corporate efforts towards contributing to nine core SDGs across our businesses and activities.
Commitment to Support UN Global Compact’s Ten Principles
Sustainability starts with a company’s value system and a principles-based approach to doing business.
Yinson incorporates the Ten Principles of the UN Global Compact into our strategies, policies and procedures, establishing a culture of integrity and setting the stage for long-term success.
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.
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.
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.
Anti-Corruption
- Businesses should work against corruption in all its forms, including extortion and bribery.
Sustainability News
ESG ratings
S&P CSA
(OIE Energy Equipment & Services)
2024
2023
58
2022
47
ESG Score: 64
(Without modeling. Modelling score contribution: +2)
Y-o-Y improvement: 10.3%
- Ranks in the top 3rd percentile in the Energy Equipment & Services industry.
- Included in S&P Global Sustainability Yearbook 2025.
SUSTAINALYTICS
(Oil & Gas Equipment)
2024
15.3
2023
14.5
2022
17.4
As of Dec 2024
- Ranked #1 in the Energy Services industry and in the Oil & Gas Equipment subindustry.
- Recognised as an ‘ESG Industry Top Rated Company’ for third year running.
2023
3.8
2022
3.8
2021
2.7
ESG Rating: 3.8
Y-o-Y improvement: Maintained
As of Dec 2023
- Constituent of FTSE4Good Index Series, as assessed by FTSE Russell, since 2019.
- In 2023, Yinson requested a reclassification of the ICB Sector to Oil Equipment and Services.
2024
BBB
2023
BB
2022
BB
ESG Rating: BBB
Y-o-Y improvement: Improved
As of Dec 2024
- ESG rated as BBB by MSCI.
- The MSCI ESG Rating Model highlights Yinson’s relative positive positioning in the carbon emission and governance area, to the industry average.
2024
2023
Climate: C
As of Dec 2024
- Yinson continue our effort towards measuring and disclosing our progress on environmental themes.
- We continue to maintain our C score for Climate theme, in alignment with regional and industrial average.
- Achieved B- for Water Security theme in 2024.
Strategic Memberships and Initiatives
Task Force on Climate-related Financial Disclosures
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.
CEO Action Network
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.
UN Global Compact
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.
ASEAN Alliance on Carbon Markets
Yinson joined the ASEAN Alliance on Carbon Markets (AACM) as a committee member in 2024. It is a private sector-led body advocating for cross-border efforts in carbon market development. AACM fosters a regional ecosystem and serves as a focal point for international partnerships, offering activities including capacity building and technical assistance.
Malaysia Carbon Market Association
Yinson serves as the president of Malaysia Carbon Market Association (“MCMA”), a non-profit organisation dedicated to fostering a vibrant carbon market ecosystem in Malaysia. The Association aims to formulate national policies to ensure both compliance and voluntary carbon markets (VCM) can effectively and equitably contribute towards Malaysia’s Net Zero goals by 2050.
Taskforce on Nature-related Financial Disclosures
Yinson is an adopter of Taskforce on Nature-related Financial Disclosures (TNFD) since 2025. We commit to the transparent nature-related financial disclosures, aligning with TNFD’s recommendations.
30% Club
Yinson officially joined the 30% Club in 2025, together with like-minded organisations, aiming for at least 30% female representation on our boards and executive leadership teams.
ASEAN Inclusivity Collective
Yinson is a pioneer member of the ASEAN Inclusivity Collective that was launched in conjunction with Malaysia’s ASEAN Chairmanship 2025. The aim of the Collective is to share best practices, inspire innovation, and collectively address challenges to inclusivity amongst companies in the private sector.
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Environment
