Governance Social Environmental Economy AWARDS & ACCOLADES Winner of the 2023 CIBAFI (General Council for Islamic Banks and Financial Institutions) Award for our dedication to Sustainable Development practices, encompassing ESG initiatives SUSTAINABILITY DASHBOARD Our Sustainability Dashboard provides a snapshot of Bank Islam's commitment to fostering sustainable economic growth, environmental stewardship, and social responsibility. These efforts are supported by strong governance practices, providing transparency and accountability. Achieved our Shariah-ESG asset target of RM4 billion by 2025 ahead of schedule, with green financing and assets increasing by 53.1% in FY2023 to RM4.5 billion, up from RM2.9 billion in FY2022. Approved financing for renewable energy projects including solar power generation totalling RM2.4 billion in FY2023 Implemented energyefficient solutions, including replacing light fittings at Menara Bank Islam offices and optimising solar panel consumption at Green Contact Centre Sg Petani, achieving a 50% reduction in electricity costs. Continued efforts to prioritise board diversity with women representing 33.3% of our board composition. Enhanced our corporate governance structure to incorporate climate related considerations, including establishing a dedicated Climate Risk Committee. Became the first full-fledged Islamic financial institution in Malaysia to be awarded ISO 37001 Anti-Bribery Management System (ABMS) certification. Continued implementation of an ESG and climate risk framework and overall alignment with CCPT and CRMSA requirements. Established Scope 1 and Scope 2 carbon emissions baseline as of 2023. Provided green products like Hybrid Electric Vehicle (HEV) financing and Wahdah Home Refinancing with Solar Panel installation. Implemented the War on Waste (WoW) campaign, achieving significant environmental and financial benefits: with projected estimated annual savings of up to RM12.4 million and almost 160,000 workhours saved of reducing electricity consumption by 32,815 kWh, saving 687 litres of water, and avoiding 264 tCO2e in emissions. Achieved positive employee survey results (78% overall positive responses, 72% response rate) with highlights in enabling environment and infrastructure, diversity, equity & inclusion (DEI), work-life balance, mental resilience, flexible working arrangement and integrity. Supported 69 orphans with full tertiary education scholarships through Sadaqa House Kids. Contributed RM30,000 to the Rumah Pengasih Melaka (Zakat & Sadaqa House Fund) Chili Fertigation Project. Disbursed RM8.3 million through Blended Finance (iTEKAD Maju & iTEKAD BangKIT microfinance) to 285 beneficiaries. Supported the financing of 14 houses through Sakeenah Home Ownership Programme (SakeenaHOPe) for salaried asnaf and underserved communities since inception. Contributed a total of RM170,000 to the AMAL Jom Ke Sekolah 2023 Initiative. Contributed to the upward mobility of microentrepreneurs: 41 in Grade 1 and 114 in Grade 2. Developed financial literacy modules that benefitted 3,000 university and college students. Ranked 4th in Net Promoter Score (NPS) among Malaysian financial institutions. Bank Islam contributed RM100,000 for Palestine including RM22,000 raised by Surau Wakaf Ahmad Dawjee Dadabhoy (SWADD)’s Musaadah campaign. It also successfully raised RM20,000 for Turkiye earthquake victims. Achi eved zero recorded incidents of corruption. 99 1 2 3 4 5 6 7 8 9 www.bankislam.com SUSTAINABILITY STATEMENT
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