37 INTEGRATED ANNUAL REPORT 2026 OUR MATERIAL TOPICS We address our key material matters through our ESG pillars, aligning these with our overarching strategy and adopting a long-term management approach. This targeted and sustainable focus enables us to minimise risks, capture opportunities, and generate lasting value for our stakeholders. Building Environmental and Climate Resilience VALUE CREATION AT YINSON | MATERIAL MATTERS Importance Opportunities • Integrating climate considerations into strategic and operational decisions strengthens business resilience and reduces exposure to physical and transition risks. • Supports navigation of decarbonisation pathways, regulatory shifts, capital market expectations and evolving stakeholder demands. • Mitigates impacts on supply chains, asset performance, costs and business continuity. • A just transition approach ensures the shift to a low-carbon economy is inclusive, protects energy security and affordability, and delivers equitable socio-economic benefits. • Business resilience and competitiveness through improved energy efficiency, emissions reduction and climate-informed investment decisions. • Growth in low-carbon and transition-related markets, including renewables, green mobility and technology-enabled energy services. • Improved access to sustainable finance by aligning transition strategies with investor and lender expectations. • Stronger stakeholder trust and partnerships by supporting inclusive energy transition outcomes that benefit communities and host economies. Risks Long-term approach • Transition risk from tightening climate policies, carbon pricing mechanisms and evolving stakeholder expectations may affect project economics and financing. • Physical climate risk, including extreme weather events, may affect operations, asset integrity and costs. • Technology and execution risks if low-carbon solutions and emissions reduction pathways are not deployed at sufficient scale or pace. • Social and reputational risks if decarbonisation efforts do not adequately consider workforce, community and energy access, potentially undermining social licence to operate. • Embed climate considerations into governance, strategy, risk management and capital allocation decisions. • Strengthen GHG emissions management and monitoring, supported by technology-driven optimisation across operations. • Scale low-carbon and transition-enabling solutions that balance decarbonisation with energy security and affordability. • Adopt just transition approach by considering social, workforce, and community impacts outcomes alongside climate objectives. Climate Action & Just Transition CJ GR LC EP BL CR IS SP Related stakeholders UN SDGs 7 9 13 NC Related Capitals Targets Performance and detailed management approach, pg 84 Environmental Stewardship ES Importance Opportunities • Reliable access to water and energy is essential to operations continuity and value chain performance. • Poor waste and emissions management can harm local ecosystems and communities, directly affecting business operations and license to operate. • Effective environmental management builds stakeholder confidence. • Strong environmental stewardship safeguards reputation and supports long-term business resilience. • Competitive advantage through strong environmental management practices differentiates Yinson as a responsible operator. • Enhanced brand value and stakeholder trust by meeting and exceeding environmental regulatory requirements. • Improved operational conditions supported by healthier natural surroundings and well‑managed environmental impacts. • Talent attraction and investor confidence driven by strong environmental performance. Risks Long-term approach • Regulatory and compliance risk if environmental laws, standards and permit conditions are not met, resulting in penalties, restrictions and delays. • Pollution risk – from waste, effluents and emissions – may harm ecosystems, biodiversity and community health. • Operational and cost risk linked to environmental incidents, remediation or disruptions to business activities. • Reputational risk if environmental performance falls short of stakeholder expectations. • Implement and maintain robust systems to manage waste, water, effluents and pollution risks. • Strengthen regulatory compliance and monitoring to ensure adherence to evolving environmental requirements in all jurisdictions. • Integrate environmental considerations into operational planning and decision‑making. • Promote culture of environmental responsibility in employees, contractors and partners throughout the value chain. IN LC EP CC CR IS SP Related stakeholders Targets UN SDGs 7 8 9 14 15 MC Related Capitals NC Performance and detailed management approach, pg 87
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