94 YINSON HOLDINGS BERHAD Rather than designating specific countries or regions as high risk, our Vendor Registration Platform (“VRP”) system evaluates suppliers based on a comprehensive set of factors, including geographic location. Through the VRP, we reinforce our commitment to the abolition of child labour by requiring mandatory HLR compliance questionnaires for third parties and suppliers, conducting adverse media screenings and ensuring formal acknowledgements of HLR requirements during the supplier onboarding process. In FY2025, Yinson engaged 1,224 suppliers through the VRP, ensuring their adherence to our HLR policies. We are committed to complying with all relevant labour and employment laws in regions where we operate. In several countries, CBAs outline specific notice periods and provisions for consultation and negotiation. In Brazil, where the CBA applies to both onshore and offshore employees, the labour law mandates a 30-day notice period. In Ghana, offshore crew members are covered by a CBA that requires one month’s notice for wage opener negotiations and three months’ notice for CBA renewal. For employees not covered by CBAs, their terms of employment are determined based on local labour laws, industry standards and our commitment to maintaining a competitive and fair workplace. HLR monitoring We maintain oversight of our human rights practices through dedicated initiatives led by our internal Human Rights Working Group. Comprising representatives from various departments, this group plays a key role in strengthening existing procedures to mitigate human rights risks across our operations. We remain steadfast in protecting fundamental human rights and maintaining fair and safe working conditions throughout our business activities, in line with the first six out of ten principles of the United Nations Global Compact. Additionally, we continue to promote transparency by making information on how we address adverse impacts in specific areas publicly available. HLR risk assessment We actively evaluate the risk of non-compliance with international labour standards across our operations, in recognition of the diverse regulatory landscapes in different regions. Through our ERM framework, we systematically identify compliance risks and implement effective mitigation strategies. Beyond adhering to our HLR Policy, we uphold the Group’s Code of Conduct and Business Ethics (“COBE”) Policy, requiring all employees to undergo human rights training, while conducting thorough due diligence on suppliers and contractors. We also comply with the Norwegian Transparency Act Statement 2023, ensuring fundamental human rights and decent working conditions in our supply chains, in accordance with the Organisation for Economic Co-operation and Development (“OECD”) Guidelines. Child labour, forced or compulsory labour and security We are deeply committed to preventing child labour within our operations and supplier networks. Recognising that industries such as shipyards, module yards and equipment manufacturing may pose higher risks of child labour and hazardous conditions for young workers, we take proactive measures to mitigate these risks. SUSTAINABILITY REVIEW Capacity building on human rights HLR training is mandatory for all employees, ensuring they are well-informed on key principles that support an ethical and responsible workplace. The training covers areas such as: • Health, safety and security. • Diversity, equality and inclusion. • Recognition of freedom of association and collective bargaining. • Employee work hours, wages and benefits. • Elimination of child and forced labour, community rights and benefits. • Human rights in the supply chain. Since 2023, 1,108 active employees (referring to individuals who are still currently employed by the company) participated in the HLR-related training, collectively accumulating 1,277 learning hours. Stakeholder engagement and cross-industry collaboration We actively engage with stakeholders, including industry peers, to address emerging challenges and identify opportunities that can be leveraged for business growth and further safeguard human rights. These engagements foster the exchange of best practices and strategies, enhancing our approach to implementing measures that ensure human rights are upheld across our operations. Providing avenues for raising concerns As part of our commitment to upholding HLR, we ensure that employees, business partners and the public have accessible channels to provide feedback, raise concerns or report complaints. Yinson’s Whistleblowing Channel is available through multiple platforms, including our website. It serves as a confidential avenue for reporting any issues related to human rights or ethical conduct. All reported concerns and complaints are thoroughly investigated, with appropriate remediation actions taken as necessary. During the review period, we recorded zero instances of non-compliance with human rights laws and regulations. Sustainable Supply Chain Management, pg 107. Whistleblowing, pg 143.
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