YINSON HOLDINGS BERHAD
Malaysia | 7293.KL | Main
Reference
Report Year: 2024
Source Files: Yinson_Holdings_Berhad_Integrated_Annual_Report_2024_(Part_1).md, Yinson_Holdings_Berhad_Integrated_Annual_Report_2024_(Part_2).md, Yinson_Holdings_Berhad_Integrated_Annual_Report_2024_(Part_3).md
Sustainability Committee
Management & Sustainability Committee (MSC) 🟢
- Monthly meetings 🟢
Reporting
GRI, TCFD, SASB, IFRS S1, IFRS S2, Integrated Report 🟢
GHG Accounting
Yinson Holdings Berhad demonstrates a robust approach to GHG accounting, with comprehensive Scope 1, 2, and 3 reporting aligned with GHG Protocol and ISO 14064 standards. Their emissions data, totaling 2.05 million tCO₂e in 2024, is third-party verified by SIRIM QAS International, enhancing credibility. Carbon intensity metrics (591.4 kg CO₂e/MWh for Group, 33.9 kg CO₂e/BOE for FPSO) provide granular insights into operational impacts. However, biogenic emissions are not reported despite mentions of biomass usage in energy projects, representing a gap in inventory completeness. To improve, Yinson should include biogenic emissions in their GHG accounting and clarify base year and GWP basis for better comparability. Overall, their commitment to transparency and stakeholder engagement on value chain emissions is a strength, positioning them well for future climate goals.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Scope 1 Reported 🟢 | |
| Scope2 | Scope 2 Reported 🟢 | |
| Scope3 | Scope 3 Reported 🟢 | |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Mention of biomass in energy-from-waste projects, but not included in GHG inventory. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control for Scope 1 & 2; Value chain for Scope 3
- Gwp basis: Not specified
- Standard: GHG Protocol, ISO 14064
- Data collection approach: Activity data and conversion factors per EEMS, IPIECA guidelines
- Third party verification: Third-party verified by SIRIM QAS International 🟢
- Carbon intensity: 591.4 kg CO₂e/MWh (Group), 33.9 kg CO₂e/BOE (FPSO), verified 🟢
Efforts
- Carbon neutral by 2030, net zero by 2050 🟢
- Zero Emissions FPSO Concept 🟢
- 517 tonnes waste managed 🟢
- 400+ EV chargers installed 🌞
- Offshore carbon capture pilot 🌱
Social Highlights
- 10,855 lives impacted 🥗
- RM3.8M in CSR 🥗
- 134,374 training hours 🥗
- 1,100 volunteer hours 🥗
- 32 communities impacted 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable transparency in Yinson Holdings Berhad’s 2024 Integrated Annual Report, with a strong focus on sustainability 🟢. The report excels in providing quantifiable metrics, such as GHG emissions (2.05M tCO₂e), carbon intensity (591.4 kg CO₂e/MWh), and social impact (10,855 lives impacted), supported by third-party verification. Forward-looking commitments like carbon neutrality by 2030 and net zero by 2050 demonstrate ambition. However, gaps exist ⚠️, including the omission of biogenic emissions despite biomass usage and lack of clarity on base year for GHG targets. Some statements, such as broad climate resilience goals, remain generic without specific timelines or measurable outcomes. To enhance credibility, Yinson could incorporate detailed biogenic emissions data and strengthen forecasting with interim milestones. Overall, the report offers a solid foundation but could benefit from deeper specificity in certain areas.
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