92 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 CORPORATE GOVERNANCE OVERVIEW STATEMENT Sustainability Management Sustainability is increasingly becoming a necessity for corporations around the world to adopt and implement within their business operations to be sustainable. In cognisance of the importance of sustainability, the Board of KIBB had on 29 July 2021 established a Management level Group Sustainability Management Committee (“GSMC” or “the Committee”) led by the GMD to drive the sustainability agenda for Kenanga Group. The objective of the GSMC is to support the Board in the governance of sustainability in KIBB Group including setting sustainability strategies, priorities and targets, to ensure that KIBB Group addresses sustainability risks and opportunities in an integrated and strategic manner to support its long-term strategies and success, by integrating sustainability considerations in the day-to-day operations of the Group and ensuring the effective implementation of the Group’s sustainability strategies and plans. In addition to the above, resources have been assigned to advance the Group’s ESG agenda through the establishment of a Sustainability Department with dedicated headcount. A Group Chief Sustainability Officer was also appointed in 2022 to: Envision, drive and enhance sustainability value for all stakeholders; Govern and deliver sustainability teams performance; Inspire and drive the organisation sustainability culture; Secure and optimise resources for the organisation; and Establish networking and partnerships at organisation level. Sustainability Plan In embarking on its sustainability journey, on 13 September 2021, a Sustainability Plan was presented to the GSMC to outline the Group’s key sustainability priorities, which was later tabled at the GNC and approved by the Board of KIBB on 28 October 2021. Kenanga’s ESG Framework In addition to the above, the GSMC had also recommended to the GNC for the Board’s approval, Kenanga Group’s ESG Framework which provided guidance on sustainability plans, setting priorities and targets, as well as managing sustainability performances throughout the Group. The Framework covers four (4) sustainability pillars below with identified six (6) material matters. Sustainability Pillar Material Matters Sustainable Economic Growth • Responsible Investment • Digitalisation Environmental Stewardship • Climate Impact Empowering People and Communities • Diversity, Inclusion and Well-Being • Community Investment Good Corporate Governance • Good Business Conduct
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