90 YINSON HOLDINGS BERHAD directly control the facility’s operations. Despite receiving immediate medical assistance, the individual tragically passed away. Yinson acknowledges the risks which are part of our contract partners' operational environments. As part of our commitment to continuous improvement and sustainable risk mitigation, we continue to provide leadership and support during investigations related to governance, risk, and compliance. We have also engaged our subcontractor to understand the root cause to prevent the recurrence of such situations. Hazard identification, risk assessment and incident investigation Yinson adopts a systematic and holistic approach to hazard identification, risk assessment, and incident investigation, integrated within our HSSEQ management system. This approach of identifying work-related hazards and risks covers both routine and non-routine jobs, guided by the following principles: In FY2025, we achieved a Lost Time Injury Frequency (“LTIF”) of 0.13 per million manhours and a Total Recordable Injury Frequency (“TRIF”) of 0.47 per million manhours. These are lower than the IOGP threshold of 0.24 and 0.94 respectively. Emergency preparedness and responses Our Emergency Preparedness protocols are aligned with ISO 22320:2018 Security and Resilience-Emergency ManagementGuidelines for Incident Management. Following internal assessments conducted in previous years and subsequent enhancements, we have bolstered our emergency capabilities to meet the required standards. Despite this achievement and our best efforts in relation to OHS, we regret to report a fatal incident at a fabrication facility operated by one of our contract partners in Batam, Indonesia, involving an employee of a subcontractor. Yinson does not SUSTAINABILITY REVIEW Risk management is integrated within Yinson’s management systems and applied to all activities, processes and undertakings, including decision-making. The approach is customised and proportionate to the needs of each level of the organisation, considering its location, products, services, and internal and external context. This ensures alignment with strategic objectives, compliance obligations, and operational requirements to ensure long-term sustainability and resilience. Integrated management approach A structured process with defined roles, responsibilities, and consistent procedures, supported by documented evidence and traceability. Risk assessments are based on relevant and accurate information, incorporating input from internal and external stakeholders. Continuous monitoring, review, and adaptation of risk management processes take place to ensure alignment with organisational objectives, regulatory updates and emerging risks. Structured and dynamic risk management Risk management processes consider organisational culture, stakeholder collaboration, and human behaviour, recognising that people may bypass controls – intentionally or unintentionally. Effective safeguards are in place to reinforce compliance and accountability. Personnel at all levels are trained to understand their roles in managing risk and to develop a risk-aware culture within the organisation. Human and culture factors The risk management framework includes ongoing monitoring, review, and improvement of processes to enhance effectiveness. Lessons learned from past events are integrated to prevent recurrence. Continuous improvement and learning Personnel involved in hazard identification and risk assessment are trained and certified in relevant safety standards and practices. Continuous professional development programmes are in place to maintain and enhance personnel skills. In addition, regular audits and reviews are conducted to verify the effectiveness of hazard identification and risk assessment processes. Feedback from these audits is used to make necessary improvements. Ensuring quality and competence The results of hazard identification, risk assessment and incident investigations are systematically used to evaluate and continually improve our OHS management system. We leverage data collected from incident reports and risk assessments to identify trends and areas for improvement. The findings are used to update safety policies, procedures, and training programmes, ensuring that our OHS management system evolves to address emerging risks and enhance overall safety performance. Analytics for improvements
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