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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.
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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 Units.
With due consideration to the urgency of the current climate situation, we aim to take thoughtful and measured steps towards achieving the following goals:
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Measure and verify our greenhouse gas (“GHG”) emissions.
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Deploy emission reduction measures where reasonably practicable.
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Use high-quality offsets to balance residual GHG emissions by 2030.
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Invest in nature-based and technology-based carbon removal projects.
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Actively invest in the carbon value chain and low-carbon energy solutions.
Three-pronged Climate Strategy
Yinson continues to operationalise our climate strategy through a three-pronged approach.
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Carbon Reduction
Reduce emissions across Scopes 1, 2, and 3 by optimising internal processes and operations, while adopting innovative emissions-reducing technologies and utilizing renewable energy where possible.
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Carbon Removal
Explore various nature-based (such as afforestation and reforestation) and technology-based (such as Direct Air Capture) carbon removal solutions to remove atmospheric carbon dioxide for any residual emissions.
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Carbon Compensation
Utilise carbon compensation mechanisms, including high-integrity and high-quality carbon credits, to offset residual Scope 1 and 2 emissions after reduction efforts.
Yinson Climate Roadmap
Yinson continues to be transition-focused as a Group, we are determined to support the global structural shifts towards a low-carbon and energy-secured economy.
In March 2021, we established our Climate Goals to be carbon neutral by 2030 and net zero by 2050. This is supplemented with the publication of our first climate roadmap, providing a forward-looking trajectory of Yinson's carbon profile up to 2050 in the same year.
In September 2024, we streamlined our disclosures into a single document and included the updated Roadmap, based on reasonable assumptions of our business-as-usual operations, to the best of our knowledge at the current time of publication.
