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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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- Climate Change & Carbon Management
We are commited to deliver our climate strategy to drive change towards a low-carbon, climate resilence environment.
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- Inclusive Energy Transition
We aim to monitor and manage emissions from our operations.
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- Biodiversity Management
We practise responsible collection, transport, treatment and disposal of all waste under Yinson's control.
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- Environmental Management
We endeavour to systematically manage our energy consumption where feasible.
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- Resource Efficiency
We strive to avoid contamination of the environments where we operate.
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- Occupational Health & Safety
We aspire to improve, if not maintain a high level of workplace health and safety.
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- Human & Labour Rights
We respect all international human rights standards on employment practices.
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- Human Capital Development
We practice equality at all levels, free from any form of discrimination.
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- Community Engagement
We have measures in place to improve Group-wide employee skillsets and knowledge capital.
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- Business Management & Performance
We strive to prevent any form of corruption and/or bribery in all business transactions.
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- Corporate Governance & Business Ethics
We aim to increase robustness of sustainability reporting by adhering to globally established standards and guidelines.
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- Sustainable 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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- Digital Transformation
We continuously analyse the evolution of the energy landscape and adopt necessary strategies and measures to ensure the Group’s leadership.
Recent ESG achievements
- Partnered with Kelab Belia Prihatin to launch and volunteered for the “We Be-Leaf Together Mangrove Nursery” on World Environment Day.
- Yinson Production Miri removed 50kg of ghost nets at Batu Belais in conjunction with World Ocean Day.
- Signed MoU with Malaysia Forest Fund to explore Nature-based Solutions projects.
- Yinson Production partnered with Otchiva to safeguard mangrove ecosystems in Angola.
- Yinson Production partnered with Dream Learn Work to empower youths in Brazil through education and professional work experience.
- Yinson Production Ghana collaborated with West African Rescue Association to combat Malaria in Ghana.
- Won Silver Award at the Australasian Reporting Awards 2024.
- Yinson GreenTech with MARii presented Green Champion tokens to industry players as recognition to their sustainability commitments.
- Yinson Production Ghana established computer lab at Agona Nkwanta Girls Model School.
- Won the 3G Sustainability Championship Award at the Global Good Governance Awards 2024.
- Yinson Ghana doubled recipients for tertiary educational scholarships under the Yinson Scholars Programme.
- Offices around the world celebrated International Women's Day.
- Recognised as ESG Top Rated Company by Sustainalytics.
- Received recognition in S&P Global's Sustainability Yearbook 2024, as well as an Industry Mover in the Energy Equipment & Services Industry.
- Recognised at the UNGC Forward Faster Sustainability Awards 2023.
- Awarded inaugural Yinson4Youth grants to local NGOs Kelab Belia Prihatin and Nyawa.
- Recognised as one of HR Asia’s ’Best Companies to Work for in Asia’ in Malaysia and Singapore.
- Received the ‘HR ASIA Diversity, Equity, and Inclusion Award’ in Singapore.
- Won the ‘HR ASIA Digital Transformation Award’ in Malaysia.
- Won second place under the FBM Mid 70 Index category and received special mention for its excellence in integrated reporting under the same category at the PwC Malaysia’s Building Trust Awards 2023.
- Received recognition in the Sustainable Development Goals (SDGs) Reporting Disclosure Recognition category at the Forward Faster Sustainability Awards 2023.
- Ranked top 10th percentile in the Global ESG Risk Rating by Sustainalytics.
- Won Gold at The Asset ESG Corporate Awards 2023.
- Won the ‘Most Outstanding CSR Company’ award at the 2023 Local Content Conference & Exhibition’s Recognition and Awards Night in Ghana.
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 has once again been recognised as an ‘ESG Industry Top Rated Company’, and, for the first time, ‘ESG Region Top Rated Company’ in 2024, underscoring Yinson’s unwavering commitment to sustainability and strong performance across various environmental, social and governance (ESG) criteria in both the Energy Services industry and the Asia Pacific region. - 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.
- 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.
- Yinson has been included in the prestigious S&P Global Sustainability Yearbook 2024. The Group has also been named as an Industry Mover, an accolade that acknowledges that Yinson charted the strongest improvement amongst its peers in the Energy Equipment & Services Industry.
- 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.
- In 2023, Yinson embarked on a significant journey by participating in the Carbon Disclosure Project (CDP) disclosures. With a dedicated focus on enhancing sustainability efforts, Yinson is committed towards measuring and disclosing its progress on social and environmental goals towards building a more sustainable future.
