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 41 40 OUR ESG FRAMEWORK Kenanga’s ESG Framework guides our approach to managing sustainability issues that matter to our business and stakeholders, forming the foundation of our long-term goals. Driven by our sustainability vision, our ESG framework, is supported by four (4) key pillars: Good Governance, Sustainable Economic Growth, Environmental Stewardship, and Empowering People and Communities. In response to the double materiality assessment, we have refreshed our ESG Framework to incorporate all identified material topics, ensuring alignment with evolving sustainability priorities. As a leading independent investment bank, Kenanga is committed to promoting and adopting business-relevant sustainable practices by embedding ESG in our core business strategies and operations, while considering the ESG risks and opportunities in shaping up sustainable investment products and services towards contributing to the best interests of our stakeholders. OUR SUSTAINABILITY VISION OUR SUSTAINABILITY GOALS AND ROADMAP To bring our sustainability vision and ambitions to life, we have set Sustainability Goals and Targets across the four (4) pillars of our ESG Framework. These are further supported by our Sustainability Roadmap (“The Roadmap”) for 2023 to 2025. To drive accountability, we have integrated ESG Key Performance Indicators (“KPIs”) into the Balanced Scorecards (“BSC”) of key roles across the Group, including the Group Managing Director as well as Heads of Divisions and Department. This ensures ESG priorities are embedded into our business operations and decision-making processes. Kenanga Sustainability Goals SUSTAINABLE ECONOMIC GROWTH Integrate ESG factors into our business decisions and value chain and manage our ESG risks and opportunities as we innovate to build a sustainable future Key Material Topics • Responsible Investing • Digitalisation • Cyber Security • Client Experience UN SDGs Create a positive impact on our employees, clients, and business associates, as well as communities in need Key Material Topics • Diversity and Inclusion • Employee Safety, Health and Wellbeing • Talent Attraction, Development and Management • Community Investment • Financial Inclusion EMPOWERING PEOPLE AND COMMUNITIES UN SDGs Lead a responsible business underpinned by a robust compliance culture and high levels of ethical standards Key Material Topics • Good Business Conduct • Risk Management • Regulatory Compliance GOOD GOVERNANCE UN SDGs Promote climate positive culture within the organisation and relevant external stakeholders to attain a low carbon economy Key Material Topics • Climate Impact ENVIRONMENTAL STEWARDSHIP UN SDGs Integrate ESG factors into our business decisions and value chain and manage our ESG risks and opportunities as we innovate to build a sustainable future. Goal 1 Increase support of sustainable economic activities Goal 2 Champion cloud-first strategy to increase scalability and flexibility Goal 3 Increase automation for productivity Goal 4 Increase digital distribution and resilience of products and services SUSTAINABLE ECONOMIC GROWTH Create a positive impact on our employees, clients, and business associates, as well as communities in need. Goal 1 Maintain and promote workforce diversity, and maintain antidiscrimination culture Goal 2 Integrate mental health as a topic of overall wellbeing of employees Goal 3 Increase social impact towards marginalised and deserving communities through consistent programmes and initiative Goal 4 Expand investing literacy reach through online and offline channels EMPOWERING PEOPLE AND COMMUNITIES Lead a responsible business underpinned by a robust compliance culture and high levels of ethical standards. Goal 1 All material matters to be supported by adequate policies and procedures in line with best practices and regulatory requirements Goal 2 Lead industry fraud awareness through an interactive flagship programme GOOD GOVERNANCE Promote climate positive culture within the organisation and relevant external stakeholders to attain a low carbon economy. Goal 1 Accelerate enterprise decarbonisation Goal 2 Build awareness, knowledge and skills needed to enable employees and stakeholders, to contribute positively to climate actions ENVIRONMENTAL STEWARDSHIP OUR SUSTAINABILITY STATEMENT OUR SUSTAINABILITY STATEMENT
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