89 INTEGRATED ANNUAL REPORT 2025 SUSTAINABILITY REVIEW | EMPOWERING PEOPLE AND COMMUNITIES WHY IS THIS TOPIC MATERIAL TO US? Occupational Health & Safety (“OHS”) is one of our most material matters, as it is critical to enabling ongoing and seamless operations. As a leading player in the offshore energy industry, Yinson is committed to implementing robust OHS management systems and policies to maintain a strong OHS performance. Maintaining a culture of safety is vital for protecting crew, contractors, and employees from work-related incidents that could adversely affect their well-being and pose risks to our business. A sound OHS management system minimises incident rates and strengthens operational resilience, leading to timely project delivery and strong uptime. Furthermore, adhering to high OHS standards boosts confidence among investors, clients, and regulators, enabling us to win quality projects, finance them and execute them smoothly and efficiently. MANAGEMENT APPROACH Yinson has an Integrated HSSEQ Management System that covers our offshore and onshore employees and contractors. We maintain oversight over our Tier One specialist contractors engaged in Engineering, Procurement, and Construction (“EPC”) activities. The Integrated HSSEQ Management system covers specific OHS matters such as Occupational Health, OHS Professional Capability, Risk Management, Environmental Aspects and Impacts, Legal and Other Requirements, Incident Investigation, Continual Improvement, and HSSEQ Reporting Management of Change. It embeds protocols for identifying, analysing, evaluating and governing requirements aligned with industry standards. To gauge our HSSEQ performance, Yinson uses safety indicators from the International Association of Oil & Gas Producers (“IOGP”). We maintained a strong HSSEQ performance in FY2025, surpassing IOGP benchmarks. Our system complies with the International Safety Management (“ISM”) Code, International Ship and Port Security (“ISPS”) Code and ISO certifications such as ISO 9001:2015, ISO 14001:2015 and ISO 45001:2023 along with national and regulatory requirements. Additionally, we are guided by our Health & Safety Policy, which ensuring the highest level of compliance. The Policy safeguards the health and safety of our personnel while minimising our environmental impacts. Work-related injuries and health Our Incident Investigation Standard provides a framework for incident investigation aimed at identifying contributing factors, analysing root causes and establishing controls to prevent recurrences. Employees and workers can report incidents and near-misses to supervisors, managers, and designated local HSSEQ authorities. Investigations will be conducted based on the severity of the incident, with responsibilities assigned to relevant individuals through HSSEQ software applications. EMPOWERING PEOPLE AND COMMUNITIES Risks • Impact on employee health and well-being, potential exposure to high-risk work resulting in the most severe consequence − loss of life. • Potential damage to assets, time loss, and financial impacts such as costs for workforce recovery or asset repair. • Reputational damage. • Unoptimised approach to OHS may result in diminishing and marginal performance improvements. Opportunities • A strong OHS record is a key differentiator in the FPSO business, leading to reduced downtime and thus better reliability of our assets and people-related processes. • Received favourably by current and potential financial stakeholders and crew. • Leveraging technological innovations such as real-time data reporting and AI may yield further improvements in OHS performance. S5 S6 S8 S9 S2 S3 S4 Concerned stakeholders S10 Key achievements • Lost Time Injury Frequency: 0.13 per million manhours (<IOGP benchmark of 0.24) • Total Recordable Injury Frequency: 0.47 per million manhours (<IOGP benchmark of 0.94) • 0 major ISM or ISO non-conformities Provision of secure working conditions and systems to safeguard human health and well-being in all operations. Occupational Health & Safety MS1 C4 Scan for more information on our HSSEQ Management System.
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