Yinson has once again been recognised as an ‘ESG Industry Top Rated Company’, and, for the first time, ‘ESG Region Top Rated Company’ by Sustainalytics – an acknowledgement that underscores the Group’s unwavering commitment to sustainability and strong performance across various ESG criteria in both the Energy Services industry and the Asia Pacific region.
In 2023, Yinson achieved a 17% improvement year-on-year with an ESG Risk Rating of 14.5, placing the company in the 2nd percentile within the Energy Services industry and Oil and Gas Equipment subindustry. This achievement solidified Yinson’s place in the ‘Low-Risk’ category.
Yinson Head of Corporate Sustainability, Dr Renard Siew, expressed gratitude for the recognition, stating, “Consistency in our hard work is reflected once again in our low-risk ESG rating in Sustainalytics, leading to us receiving these two accomplishments. Sustainability is not an end in itself, it is a journey which we are committed to continually improve ourselves alongside both our internal and external stakeholders.”
Sustainalytics’ ESG Risk Rating evaluates over 14,000 companies spanning 42 industries, analysing each company’s exposure to industry-specific ESG risks and their effectiveness in managing these risks. ESG Top-Rated companies like Yinson are distinguished by their robust ESG management practices relative to their peers and are recognised across various Global 50, Industry, and Regional categories.
For more information on Sustainalytics’ ESG ratings and methodology, please visit http://www.sustainalytics.com/esg-rating.
