KENANGA ANNUAL REPORT 2023

40 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 CLIMATE IMPACT GRI 302, 303, 305, 306 We aim to create a positive climate impact and reduce our carbon footprint by managing climate risks and promoting sustainability across our operations. As part of this effort, we encourage our employees to use resources responsibly, including electricity, water and paper. Our #GreenAtWork, is a month-long interactive campaign designed to raise awareness amongst our employees on the importance of adopting an environmentally friendly mindset. OUR APPROACH WHY IT MATTERS Environmental stewardship is crucial for conserving resources and reducing environmental impact. Practices like energy efficiency cut costs and lower carbon emissions, helping to combat climate change. In addition, advocacy for environmental sustainability promotes broader societal change through education and policy influence. Taking ownership of the climate impacts of our operations by monitoring environmental performance, identifying and practising behaviours promoting climate positive outcomes, and raising awareness of climate change and sustainability with internal stakeholders. Governance Updated Board Charters and the Term of Reference of Board Committees, and Term of Reference for Group Risk Committee for enhanced oversight on climate risk governance Strategy Improved our reporting strategy on climate change risks and opportunities for the Board of Directors, providing detailed information on the Bank Negara Malaysia’s Policy Document on Climate Change and Principle-based Taxonomy rating by sector, high climate risk exposure by counterparty, and the latest key climate-related developments in Malaysia and globally Risk Management Updated our Enterprise Risk Management Framework to include climate change risk requirements, ensuring that the roles and responsibilities of the three lines of defense cover managing climate change-related risk. This includes describing how climate change risk is transmitted through economic activities to financial risks, and mapping/integrating climaterelated risks into existing risk categories. Metrics and Target Developed a database/catalog for climate-related risk metrics, including GHG footprint, transition and physical metrics, and climate change targets for our portfolio companies SUSTAINABILITY AT KENANGA Total Operational GHG Emission – Scope 1 & Scope 2 for Kenanga Tower and Branch Offices: 3,639.5 tCO2e Scope 3 GHG Emission for Business Travel – 444.8 tCO2e Scope 3 GHG Emission for Employee Commuting – 4,320.4 tCO2e Total Energy Consumption – 19,389.9 GJ Total Water Consumed for Kenanga Tower and Branch Offices – 42,208.1 m3 Total Waste Managed Responsibly – 32,876 kg KEY PROGRESS IN 2023 Refer to pages 59 to 65 of our Sustainability Report 2023 for more information on our approach and progress on Environmental Stewardship. Refer to pages 24 to 32 of our Sustainability Report 2023 for more information on our approach and progress on how we manage our climate risk. Key updates on climate risk management: G S R M

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