COLLABORATION & PARTNERSHIPS As a thought leader in the banking industry, BIMB understands the importance of collaboration and partnerships in delivering positive impacts. Collaborations allow us to combine efforts and expertise with other organisations, leading to innovative solutions and creating shared value for our stakeholders. Through partnerships, we can tap into the strengths and resources of others, which can complement our capabilities and help us achieve our sustainability objectives. By forging partnerships with like-minded organisations, we can share knowledge and expertise to drive change towards more sustainable practices in the banking industry. Progress in 2022 1 Chair of Value-based Intermediation (VBI) Community of Practitioners (CoP) The VBI CoP is a collaborative platform that enables industry players to work together towards strategically implementing the VBI agenda. Initially, the CoP was founded by five Islamic banks, namely Bank Islam Malaysia Berhad (BIMB or the Group), Bank Muamalat Malaysia Berhad, Agrobank, CIMB Islamic Bank Berhad, and HSBC Amanah Malaysia Berhad. In 2017, the CoP was officially established, and membership was extended to nine Islamic banks. As of 2021, the VBI CoP has grown significantly, with 58 out of 15 Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) member banks being members of the CoP. This growth demonstrates the increasing interest and commitment of the Islamic banking industry towards implementing VBI principles. 2 Leading the Development of VBIAF Sector Guidance Through VBI CoP, we have been an active proponent and contributor of the Value-based Intermediation Assessment Framework (VBIAF) sector guidance development, from renewable energy to construction and infrastructure in past years. In 2022, we commenced the development of the Waste Management sector guide as lead Project Manager, together with other member banks in cooperation with AIBIM. We also referred to the renewable energy, construction and infrastructure sector guides in our VBI checklists and internal due diligence processes for ESG and climate risk. The sector guides provide objective criteria in assessing financing applications at the onboarding and origination stage and provide useful guidance for all banks to utilise in their risk assessment process. Renewable Energy Oil & Gas Mining & Quarrying Efficient Energy Manufacturing Agriculture Palm Oil Construction Infrastructure Waste Management Transportation & Storage 3 Climate Change Principles based Taxonomy (CCPT) Implementation Group BIMB is a pilot member of Bank Negara Malaysia’s (BNM) Implementation Group, as part of the Joint Committee on Climate Change (JC3). Through these initiatives, we actively participate in the development of sustainable banking guidelines. 1st Cohort Completed 2nd Cohort Completed 3rd Cohort Ongoing Sustainability Statement Bank Islam Malaysia Berhad 121 01 05 03 07 02 06 09 04 08 BIMB's participation as part of the Working Group
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