We have also developed an ESG Scorecard to embed climate risk criteria in portfolio risk assessments. We also preliminary assessed climate physical risk in our mortgage and financing portfolios. Furthermore, we have initiated scenario analysis and stress testing of our non-retail portfolio to strengthen our approach to sustainable finance further. Supporting the shift to a low-carbon economy is an ethical imperative and a business advantage that brings growth opportunities. We have seen increased solar adoption in households, a drive towards carbon neutrality, and increased government support for the renewable energy industry. In response, we are actively pursuing strategic assessments of investment and acquisition into renewable energy. These investments focus on financing new and existing solar farms and players, including installing solar and net energy metering equipment. In December 2022, we recorded a 16.2% increase, worth RM97.5 million, in our renewable energy assets, which stood at RM700.9 million compared to RM603.4 million in 2021. We also finalised the terms and conditions with solar panel providers for House Financing for Solar panels. We disbursed RM17 million for 127 units of Hybrid & Electrical Vehicle Financing. These milestones demonstrate our commitment to promoting sustainable practices and responsible banking. We will continue to work towards achieving our sustainable finance goals and contribute to building a more sustainable future for all. Values-based Culture: Doing the Right Thing 2 We view our employees as the organisation’s backbone and are committed to providing a safe, inclusive, nurturing work environment. As our employees continue to face the stress and challenges of modern times, we recognise the importance of supporting their mental health and well-being. That’s why we prioritise providing resources and support to help them maintain their mental and emotional wellness. However, in 2021, our employee engagement score was lower than the Malaysian market norm, with only 57% of employees feeling engaged compared to 81% in 2020. While our top leadership and high performers were engaged, employees across all job levels needed help understanding and accepting our five-year business strategy and adapting to our digital transformation initiatives. These changes disrupted traditional ways of working, causing change fatigue. To address this, we focused on building our digital capabilities through our Digital Upskilling Programme, which aims to develop a digitally literate workforce to support our digital journey. We also adopted digital therapeutics technology, which has proven effective during the pandemic, where physical therapy sessions are limited. By collaborating with healthcare providers, we provided employees with digital tools to easily access healthcare and well-being information and solutions at their fingertips. This year, Bank Islam Live Well Programme, which was launched in 2021, focuses on emotional and mental, financial, and spiritual wellness aspects. Our data-driven approach was based on our 2019 Employee Survey results to understand the Bank’s current culture and identify factors affecting our employees’ health and well-being. As we emerged from COVID-19 restrictions and employees gradually returned to office, we saw an opportunity to build on the existing Flexible Working Arrangement. This resulted in BIMB’s #Flexwork to further foster a hybrid work culture and agility mindset. With #Flexwork, our employees can choose the most productive work location, with at least one day in the office for vital face-to-face collaboration. The dress code is also flexible, empowering staff to dress appropriately for their job requirements. Through our efforts in 2022, we have significantly improved our Overall Engagement and Change Readiness Index to 88%. This improvement is the beginning of our journey towards a more agile and hybrid work culture that prioritises work-life balance and supports professional and personal development. This year, Bank Islam Live Well Programme, which was launched in 2021, focuses on emotional and mental, financial, and spiritual wellness aspects. Leadership Insights Bank Islam Malaysia Berhad 23 01 05 03 07 02 06 09 04 08
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