45 INTEGRATED ANNUAL REPORT 2025 Yinson adopted the DMA approach in FY2024. 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). Materiality is fundamental to our value creation, allowing us to identify and focus on topics that have the most significant impact to our business and stakeholders. Our materiality assessment helps us identify key ESG issues that could materially affect our business value and stakeholder relationships. In FY2024, we leveraged our first DMA to strengthen how we identify, engage with and prioritise key sustainability issues. We aim to conduct a comprehensive materiality assessment every two years, to take place next in FY2026. During the interim years, we conduct desktop analyses, proactive ESG monitoring and stakeholder engagement, ensuring our material topics remain valid to Yinson’s business operations. DOUBLE MATERIALITY ASSESSMENT PROCESS Double 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. Identify material matters Yinson’s materiality assessment began by compiling a broad list of potential sustainability topics, which was then narrowed down through a comparative analysis of relevant sectors, geographies and value-chain activities. We referenced and benchmarked this against leading reporting standards (GRI, SASB, <IR>, IPIECA, ESRS, CSRD), previous Yinson assessments, peer and investor priorities and sector-agnostic sustainability trends to ensure full coverage of established and emerging material issues. Stakeholder engagement We engaged with internal and external stakeholders through a series of interviews and questionnaires to understand the impacts of our business activities and seek feedback on material sustainability matters. This engagement helps us understand stakeholder perspectives and expectations, and may introduce new sustainability matters for consideration. The quantitative and qualitative input from our stakeholders informed the assessment of impacts, risks and opportunities. Materiality impact analysis We evaluated the risks, opportunities and overall effects of our identified material matters through both impact and financial materiality lenses. By applying the salience model, which ranks stakeholder inputs according to power, legitimacy and urgency, we prioritised the material topics and developed tailored management approaches. Validation and integration into strategy and reporting The top 14 most material matters were finalised as Yinson's material topics for 2024. These were discussed internally with key stakeholders and senior management to ensure strategies and action plans remained aligned. The revised material matters and matrix were presented to our Board and Senior Management for final review and approval. Approach to stakeholder engagement, pg 131. VALUE CREATION AT YINSON | MATERIAL MATTERS MATERIAL MATTERS
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