Yinson Integrated Annual Report 2025

75 INTEGRATED ANNUAL REPORT 2025 SUSTAINABILITY REVIEW | BUILDING ENVIRONMENTAL AND CLIMATE RESILIENCE BUILDING ENVIRONMENTAL AND CLIMATE RESILIENCE ME1 Climate Change & Carbon Management Risks • Limited access to debt and equity markets for oil & gas businesses, leading to higher financing costs. • Business continuity risks from a shift in demand for low-carbon products and services in an evolving regulatory landscape. • Mandatory carbon pricing instruments i.e. carbon tax pose potentially adverse impacts on overall financial performance. • Failure to meet Climate Goals and expectations could negatively impact the company’s reputation. Opportunities • Creation of new business streams leveraging on low-carbon solutions. • Effective management of climate-related topics could boost stakeholder confidence, including the public and future talent pool. • Opportunities for ESG-positive and transitioning businesses to attract funding from sustainabilityfocused investors. • Establishing a clear transition pathway to manage our carbon footprint and long-term value creation. Concerned stakeholders S1 S5 S7 S8 S10 WHY IS THIS TOPIC MATERIAL TO US? Yinson recognises the global urgency of climate change and its potential to cause irreversible damage to our environment and society. Extreme weather events, resource constraints and evolving regulations present risks that could disrupt our supply chain and increase operational costs. These climaterelated challenges threaten our ability to generate longterm value for our stakeholders by impacting performance, reputation and overall sustainability. We need to proactively evolve our business models to address emerging risks − such as stranded assets, operational disruptions, reputational challenges, and increasing financing costs − as climate-related financial criteria tighten and carbon pricing continues to gain traction. MANAGEMENT APPROACH To address these risks, we are integrating climate considerations into our strategic decision-making processes. We recognise that proactive climate change and GHG management is key to mitigating environmental risks, maintaining financial resilience and capitalising on opportunities. Climate-related risks and opportunities could materialise over the short-, medium- and long-term, affecting our responses, alignment to industry trends and our energy transition journey. FPSO operations account for approximately 97% of our total GHG emissions. We are committed to operating our FPSOs by minimising impact on the environment in accordance to our climate strategy. GHG methodology, verification and assurance Yinson accounts for and reports Scope 1, 2 and 3 GHG emissions in accordance with internationally recognised standards including the UK oil & gas industry’s Environmental Emissions Monitoring System (“EEMS”), GHG Protocol, ISO 14064 and International Petroleum Industry Environmental Conservation Association (”IPIECA“) guidelines. We conduct third-party verification and assurance on our GHG accounting methodology, annual GHG emissions and key Sustainability Performance Targets. We maintain a comprehensive inventory of our significant and material emission sources, which we disclose publicly and to ESG rating agencies, including S&P Corporate Sustainability Assessment (CSA) and Carbon Disclosure Project (“CDP”). We adopt an operational control approach to GHG accounting and reporting across the Group, including our subsidiaries. Through this approach, Yinson accounts for 100% of the total emissions from our leased FPSOs. Our leased FPSOs are considered to be under the client’s control, thus emissions are attributed to the clients’ Scope 1 and classified Key achievements • Scope 1 emissions: 40,663.1 tCO2e • Scope 2 emissions: 346.0 tCO2e • Scope 3 emissions: 2,236,371.2 tCO2e Integrate and adopt climate considerations for business resiliency and manage decarbonisation efforts through technology-driven optimisation and low-carbon processes. C6

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