38 YINSON HOLDINGS BERHAD Empowering People and Communities VALUE CREATION AT YINSON Importance Opportunities • Yinson’s operations span marine and land environments where biodiversity considerations can directly affect project execution and operations. • Responsible biodiversity management supports ecosystem resilience and safeguards natural capital dependencies. • Strengthens stakeholder trust and reinforces credibility as a responsible operator. • Safeguards against increasing exposure to emerging nature‑related regulations and disclosure expectations. • Responsible biodiversity practices help facilitate permitting and approvals. • Improved operational resilience by safeguarding ecosystem services (e.g. water availability) that underpin operations and supply chains. • Alignment with nature-related disclosure frameworks such as TNFD strengthens ESG positioning and transparency. • Enhanced stakeholder and community relationships through partnership‑led conservation and nature‑based initiatives. Risks Long-term approach • Project execution risk from biodiversity sensitivities (e.g. protected areas, migratory routes) may cause project delays and impact performance. • Supply chain vulnerability where dependence on biodiversity‑related resources exposes operations to disruption or availability constraints. • Regulatory and compliance risks from evolving biodiversity requirements. • Reputational risk from mismanaged biodiversity impacts. • Integrate biodiversity considerations into project planning and decision‑making, particularly in environmentally sensitive areas. • Strengthen biodiversity risk identification and management to anticipate regulatory, operational and reputational impacts. • Pursue partnership‑led conservation and nature‑based initiatives that support ecosystem resilience. • Enhance transparency and readiness for nature‑related disclosures by assessing biodiversity impacts and dependencies across operations. EP CC GR LC Related stakeholders UN SDGs 14 15 Related Capitals NC Targets Biodiversity Management BM Performance and detailed management approach, pg 89 Importance Opportunities • Essential for safe and reliable project execution and operations, especially in high‑risk offshore environments. • Protects well‑being of crew, contractors and employees by reducing incidents and ensuring safe working conditions. • Strong safety track record is essential in securing projects, financing, and stakeholder confidence. • Forms the foundation of responsible operations, reflecting Yinson’s commitment to safety and risk management. • Stronger operational resilience and reliability through improved uptime and safer execution of complex activities. • Enhanced stakeholder confidence through strong Operational Health and Safety (“OHS”) track record and compliance with international standards. • Improved workforce engagement and capability by fostering a proactive safety culture, continuous learning and worker participation in OHS initiatives. • Reduced long‑term costs and liabilities through effective hazard identification, incident prevention and systematic risk management. Risks Long-term approach • Workplace safety risk arising from hazardous operating environments, which may result in injuries, fatalities or occupational illnesses. • Operational disruption risk due to incidents, shutdowns or emergency events that affect asset performance and project delivery. • Regulatory and compliance risk from failure to meet OHS laws, industry standards and certification requirements. • Reputational and financial risk from major incidents, affecting stakeholder trust and licence to operate. • Maintain robust Integrated HSSEQ Management System aligned with international standards (e.g. ISM, ISO 45001) to systematically manage OHS risks. • Apply proactive, risk‑based approach to hazard identification, risk assessment and incident investigation to prevent recurrence and drive continuous improvement. • Strengthen worker participation, training and safety leadership to embed a strong safety culture and enhance competence. • Extend OHS expectations to contractors and business partners through clear contractual requirements, screening, monitoring and support. UN SDGs 3 8 Related Capitals HC Targets 9 10 11 Occupational Health & Safety HS Related stakeholders Performance and detailed management approach, pg 92 CR LC CC GR IN EP SP EM BL
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