79 INTEGRATED ANNUAL REPORT 2025 SUSTAINABILITY REVIEW | BUILDING ENVIRONMENTAL AND CLIMATE RESILIENCE ME2 Inclusive Energy Transition Concerned stakeholders S3 S5 S7 S9 S10 Risks • Limited access to commercially viable low-carbon technologies hinders transition for carbon-intensive industries. • Rapid changes in policies and regulations introduce uncertainties, affecting long-term investment and planning. • Limited public access to clean energy and technologies exacerbates existing inequalities and economic challenges. Opportunities • Investing in the development, scaling, and deployment of low-carbon technologies to accelerate decarbonisation can enhance competitiveness and open up new markets and innovation pathways. • Proactive alignment with emerging climate policies and disclosure frameworks ensures compliance. • Inclusive transition efforts expand access to clean energy and technologies, creating new employment opportunities and strengthening community relations. Key achievements • Mapped our transition strategy against the TPT recommendations in our Climate Report 2024. • Invested 8% of our total equity into green businesses, aligning with our 30 by 30 commitment. WHY IS THIS TOPIC MATERIAL TO US? Inclusive energy transition facilitates a shift towards sustainable energy, emphasising social equity and accessibility. This approach addresses the energy trilemma by balancing energy equity, environmental sustainability and energy security. Prioritising inclusivity fosters a resilient and equitable energy landscape, capable of meeting global energy demands in a just and orderly manner. It also plays a crucial role in mitigating climate change and benefiting communities across socio-economic spectrums. MANAGEMENT APPROACH Safeguarding energy security, environmental sustainability and energy equity We believe access to reliable, modern energy is essential for social well-being, economic growth and national development. While renewable energy continues to gain momentum, oil & gas will remain a critical part of the global energy mix for the foreseeable future. Yinson supports this transition by strengthening energy infrastructure and investing in renewables and green technologies to help accelerate the shift to a low-carbon economy. Fossil fuel consumption is expected to peak before the end of the decade, particularly with declines in advanced economies as low-carbon electricity and improved efficiency reshape global energy systems. However, oil and natural gas are projected to remain relevant through 2050, even in a 1.5 °C scenario. Although emissions reduction has been a central focus since the Paris Agreement, recent geopolitical tensions and supply chain disruptions have renewed global attention to energy security. Navigating these shifting priorities requires coordinated action and strategies tailored to the specific resources, infrastructure and policy landscapes in which Yinson operates. This evolving energy landscape brings the energy trilemma into sharper focus. The energy trilemma refers to the challenge of balancing three crucial, yet often competing, priorities in the energy sector: energy security, environmental sustainability and energy equity. This trilemma arises because achieving all three simultaneously is difficult, as energy demand and development vary depending on factors such as resource availability, infrastructure capacity, market dynamics and competition as well as government policies. Energy security Environmental sustainability Energy equity A balanced approach to the energy trilemma to support the global energy shift towards an equitable and inclusive low-carbon economy through renewable and innovative low-carbon solutions. C6
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