RISK MANAGEMENT The Bank recognises the clear and present threat of the climate emergency and its potential impact on traditional business models, legal and regulatory concerns, and the physical landscape itself. As such, we have taken tangible steps to address potential sustainability risks in our long-term viability against climate change. Our sustainability risks are guided by BIMB’s targeted ESG Framework: ESG Framework: Holistic Approach to Sustainability Managing Risk and Expanding Opportunities Governance and Oversight Board-level Sustainability Sponsor, Working Groups, Approval of Sustainability Policy Risk Mitigation and Creating Opportunities Develop sustainability risk mitigation controls, sector-specific requirements Risk Identification and Baseline Metrics Identify key risks tied to the Bank, establish baseline metrics for performance monitoring Stakeholder Engagement Identify and engage with key stakeholders, assess material sustainability issues Raising Awareness and Developing Champions Onboard and include Product Owners and Business Units in development of ESG Framework Long term aspiration: Embed and Operationalise Sustainable Practices Position the Bank as a Islamic Banking leader in Sustainable Finance Measure and report progress based on internationallyrecognised standards and benchmarks Target leadership position for sustainable products and services Core ESG Phases Disclosure and Reporting Information presented in the ESG Framework above have not been fully implemented as there is still work in progress being carried out. Integrated Report 2022 146 Good Governance
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