80 YINSON HOLDINGS BERHAD SUSTAINABILITY REVIEW Yinson’s commitment to the clean energy transition We envision a future where energy is clean, accessible, affordable and reliable for all. Despite fluctuations in global sentiment, the trajectory of the energy transition remains clear − our energy systems are steadily advancing towards sustainability, powered by clean energy. Our goal is to build a technologically advanced ecosystem that makes these solutions widely available and affordable. We are committed to delivering energy security to those who need it most, ensuring they are included in the shift to a cleaner energy future. This is a vital step towards achieving a just and equitable transition to a net zero world. We acknowledge that in the long run, energy security and environmental sustainability must be balanced, ensuring that the transition supports development in a responsible and sustainable way. Yinson Production: Low-carbon energy initiatives Yinson Production is navigating an ever-changing landscape towards a low-carbon economy by undertaking impactful initiatives, including: • Offshore Post-Combustion Carbon Capture: Agogo FPSO is the first FPSO in the world with a post-combustion carbon capture pilot system on board. • Carbon Capture and Storage (“CCS”): We have completed the acquisition of Norway-based Stella Maris CCS AS (“Stella Maris”), which is a CCS company developing a full CCS value chain, including carbon capture, immediate storage, offshore transportation and permanent sequestration of CO2 captured from industrial sources. • Direct Air Capture (“DAC”): We are collaborating on megatonne-scale DAC projects for CO2 storage. • Green and Blue Ammonia Floating Production Units: We are exploring the development and operation of offshore assets for producing low-carbon products like green and blue ammonia using renewable energy or natural gas. • Energy from Waste: We are exploring projects to harness renewable energy from discarded biomass materials. Exploring synergistic opportunities in low carbon ventures, pg 28. Yinson Renewables: Expanding our clean power capacity Established in 2019, Yinson Renewables is actively growing its project pipeline across onshore wind and solar in Asia Pacific, Europe and Latin America. Currently, we operate four renewable energy assets – Rising Bhadla 1 & 2 and Nokh Solar Parks in India, along with Matarani Solar Park in Peru, with a total installed capacity of 557 MWp. The Matarani Solar Park entered into full operational phase in September 2024. We are targeting 1,300 MW of installed renewable energy capacity by the end of calendar year 2027. Yinson Renewables Review, pg 66. Yinson GreenTech: Building an integrated, energy-efficient and technologically advanced transportation ecosystem Since its establishment in 2020, Yinson GreenTech has made good progress in creating an integrated, energy-efficient land and marine transportation ecosystem powered by technology and digitalisation. We are intensifying our efforts to accelerate the transition to a net zero future, focusing on its core businesses: charging infrastructure, land transport electrification, and marine transport electrification. We are committed to developing clean, smart and integrated solutions that support operational efficiency, sustainable development and drive decarbonisation across sectors. As at FY2025, chargEV was owner and operator of 366 chargers in Malaysia and Singapore and we are working towards installing 3,000 chargers by 2030. drivEV has expanded its EV leasing fleet to approximately 400 vehicles and targets to double the fleet size by year end. marinEV has two electric vessel prototypes in commercial development, and aims to deploy the first batch of commercial vessels by the end of 2025. Yinson GreenTech Review, pg 70. To guide our progress, we have mapped our transition strategy against the recommendations of the Transition Plan Taskforce (”TPT“) in our Climate Report 2024. This ensures our climate transition plans are robust, credible and aligned with industry best practices. We aim to allocate 30% of our total equity investment to nonoil-based FPSO activities by 2030. We remain committed to strategically directing capital to support the energy transition while adjusting various levers to balance the pace of our transition with global market factors such as inflation, supply chain constraints and the capital cost for growth. As of FY2025, we have invested 8% of our total equity into green businesses. Scan to view Yinson‘s Climate Report.
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