The Value Created in 2023 In 2023, Bank Islam made progress in incorporating sustainability principles across our operations and within the communities we serve. We implemented various initiatives and collaborations focusing on environmental responsibility, responsible financial practices, and long-term growth for all stakeholders. 1. Promoting Energy Efficiency Our commitment to a greener future is realised through the adoption of solar panels and the modernisation of our infrastructure. By harnessing renewable energy and enhancing energy efficiency with smart technologies, we are making progress towards reducing our environmental footprint and leading the way in sustainable operations. Our key initiatives include: a) Renewable Energy Adoption: We have installed solar panels at eight (8) of our branches and are in the process of establishing baseline data to enhance our understanding and optimisation of their use. Initial results show promising monthly energy usage and cost reductions ranging from 9% to 70% in four pilot branches. We remain committed to extending this initiative to further reduce energy consumption across more branches. b) Energy Efficiency Enhancements: Our commitment to operational efficiency and environmental responsibility is reflected in various ongoing initiatives, including: Upgrading to energy-efficient lighting throughout our branches. Utilising Smart Building Management System sensors to optimise air conditioning usage. Collaborating with building landlords to explore further energy-saving opportunities. Bank Islam takes on the responsibility of leading the development of the VBIAF Sector Guide, specifically focusing on Waste Management. Bank Islam supports AIBIM in actively engaging the broader financial industry to adopt the VBIAF Sector Guide for Waste Management. This includes outreach, workshops, and advocacy initiatives. The VBIAF Sector Guide is developed by Bank Islam alongside Cohort Banks and made available for public feedback to collect inputs from stakeholders and experts. Bank Islam engages with industry players and subject matter experts to ensure alignment with best practices, including actual case studies of positive environmental, social and governance. Lead Development of VBIAF Sector Guide Promote Industry Adoption Publish for Public Feedback Developing VBIAF Sector Guide for Waste Management Collaboration with Stakeholders 4 3 2 1 119 1 2 3 4 5 6 7 8 9 www.bankislam.com SUSTAINABILITY STATEMENT
RkJQdWJsaXNoZXIy NDgzMzc=