KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 37 36 OUR SUSTAINABILITY STATEMENT EMPOWERING TODAY FOR A SUSTAINABLE TOMORROW Contribution to UN SDGs Pages 52 to 55 Empowering People and Communities Pages 46 to 49 Sustainable Economic Growth Pages 50 to 51 Environmental Stewardship Pages 43 to 45 Good Governance Kenanga Investment Bank Berhad (“Kenanga” or “KIBB”) and its Group of Companies (“Kenanga Group” or “the Group) presents its Sustainability Statement for the Financial Year 2024 (“FY2024”). This Statement complements the Sustainability Report 2024 and should be read alongside it for a more comprehensive understanding of our sustainability efforts. OUR SUSTAINABILITY STATEMENT This Statement summarises our management approach to key environmental, social, and governance (“ESG”) issues, performance, and goals that are relevant to our business and stakeholders. It charts our progress in embedding sustainability into our strategies, business practices, products, and services to deliver long-term value to our stakeholders. In FY2024, we enhanced our disclosures by expanding our Scope 3 coverage to include emissions from Category 15—Investments, which covers our Financed and Facilitated Emissions, establishing a more comprehensive baseline for carbon accounting. Additionally, we conducted our first-ever double materiality assessment, providing deeper insights into the financial and environmental impact of our operations and sustainability efforts. Reporting Scope and Boundaries This Statement includes data for the full fiscal year, from 1 January 2024 to 31 December 2024 (FY2024), covering our operations in Malaysia, including our headquarters at Kenanga Tower, in Kuala Lumpur and our branches nationwide, unless stated otherwise. All monetary values are reported in Malaysian Ringgit (“RM”). Guidelines and Standards This Statement complies with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) and has been prepared with reference to the Global Reporting Initiative (“GRI”) Standards 2021. The full GRI Content Index can be found from pages 109 to 112 of our Sustainability Report 2024. To fulfil the membership requirements of the UN Global Compact (“UNGC”), this Statement will also serve as our Communication on Progress (“CoP”). This Statement is also being prepared to meet the applicable requirements set forth by the National Sustainability Reporting Framework (“NSRF”), which will be implemented in phases starting from 1 January 2025. Under the NSRF, the International Sustainability Standards Board (“ISSB”) and IFRS Foundation’s International Financial Reporting Standards (“IFRS”) S1 and S2 will be the reference disclosure standards for companies in Malaysia. As we adopt a gradual approach to climaterelated disclosures, we will continue aligning our climate reporting with the Task Force on Climaterelated Financial Disclosures (“TCFD”), ensuring compliance with local regulatory requirements. To improve the transparency of our reporting, the ESG disclosures within this Statement have been aligned more closely with the following applicable local and global sustainability frameworks, standards and guidelines: • Bursa Malaysia Sustainability Reporting Guide (3rd Edition) • the United Nations Sustainable Development Goals (“UN SDGs”) • Bank Negara Malaysia’s Climate Change and Principle-based Taxonomy (“BNM CCPT”) • the UNGC’s Ten Principles • the Malaysian Code of Corporate Governance (“MCCG”) by the Securities Commissions Malaysia (“SC”) We have also benchmarked our disclosures and indicators against internationally recognised ESG ratings and frameworks, particularly the Financial Times Stock Exchange (“FTSE”) Russell’s ESG Ratings and the Sustainability Accounting Standards Board (“SASB”) indicators. We calculated greenhouse gas (“GHG”) emissions using the GHG Protocol Corporate Standards for Scope 1, 2 and 3, and Partnership for Carbon Accounting Financials (“PCAF”) for the calculation of Scope 3 - Category 15 (Investments). This international framework, developed by the World Business Council for Sustainable Development (“WBCSD”) and the World Resources Institute (“WRI”), that provides guidance and standards for organisations to prepare a GHG emissions inventory.
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