82 YINSON HOLDINGS BERHAD SUSTAINABILITY REVIEW Three-pronged nature strategy Responsible management and consumption of waste, water, effluents and air emissions across our operations from acquisition to disposal, ensuring minimal environmental impact through sustainable practices and continuous improvement. Responsible stewardship Strategies for rehabilitating and remediating habitats aim to protect and enhance biodiversity through collaborative partnerships and conservation efforts, ensuring that EIAs are conducted and followed up where applicable. Rehabilitation and remediation of biodiversity Promoting environmental conservation through NbS projects, CSR initiatives such as tree planting and mangrove reforestation, and investments in high-quality carbon credits that support ecosystem preservation and biodiversity restoration. Investments in nature Natural capital investments Yinson remains dedicated to environmental conservation through strategic investments in nature, focusing on ecosystem preservation, biodiversity enhancement and sustainable development. Our approach includes Nature-based Solutions (”NbS“) projects, high-quality nature-based carbon credit investments and impactful climate action partnerships. In 2024, we signed an MoU with the Malaysia Forest Fund (”MFF“) to develop NbS projects in Malaysia, connecting landowners, developers and investors for sustainable land management and environmental offsets. Additionally, we partnered with Fairatmos, a Southeast Asian climate tech company, to co-develop high-quality forest carbon offset projects. This partnership leverages Fairatmos’ technical expertise in project development, monitoring, reporting and verification (MRV), alongside Yinson’s interest in financing and co-developing NbS projects. Impact on local biodiversity The TNFD recommends using the Locate, Evaluate, Assess, Prepare (“LEAP”) approach to assess business dependencies, impacts, risks and opportunities related to nature, as it guides organisations in evaluating nature-related issues at both corporate and asset levels. We apply the LEAP approach to systematically assess these factors across our operations. • Identified 26 global assets spanning FPSOs, solar installations, and offices. • The World Wide Fund for Nature’s Biodiversity Risk Filter (“WWF BRF”) is used for dependency and impact screening across oil & gas, solar and wind energy sectors. • Mapped operational footprints to identify interfaces with nature. • Assessed value chain relationships and sensitivity on identified areas, and the proximity of operational footprint to Key Biodiversity Areas (KBAs). • Evaluated dependencies and impacts of oil & gas, solar and wind energy sectors with the WWF BRF. • Mapped ecosystem services with identified areas. • Conducted dependency and impact analysis for identified areas, considering both size and scale. • Enhanced risks and opportunities identifications, considering internal and external stakeholders. • Based on TNFD’s guidance, identified the correlation of risks and opportunities to impacts and dependencies for identified areas. • Analysed and assessed asset-type risk exposure. Locate interface with nature Evaluate impact and dependencies Assess risks and opportunities LEAP indicators Yinson’s approach • Formulated Yinson’s three-pronged nature strategy. • Adopted TNFD core global disclosure indicators and metrics for performance monitoring. • Aiming to publish a TNFD-aligned report by FY2026, with plans for biennial updates. Prepare responses and reporting Scan for more information on TNFD.
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