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 55 54 EMPOWERING PEOPLE AND COMMUNITIES EMPOWERING PEOPLE AND COMMUNITIES WHY IT MATTERS At Kenanga, we understand that a dynamic workforce is critical to our organisation’s long-term success. We are dedicated to investing in our people by providing technical, professional, and personal development opportunities. This approach equips our employees with the knowledge and skills needed to excel in their careers. Attracting, retaining and developing top talent by creating career development opportunities, providing training, and fostering a culture of continuous learning and growth. Key Risks: Attracting top talent for specialised roles can be challenging, leading to high turnover and understaffed teams. Rapid technological changes require ongoing employee development to avoid skill gaps. In addition, financial institutions risk noncompliance if they fail to adhere to strict recruitment and talent management regulations. Key Opportunities: Enhancing career growth, flexibility, work-life balance, and competitive compensation strengthens the employer brand and attracts top talent. Continuous upskilling and reskilling opportunities nurture a growth culture, while fostering a purpose-driven work environment. Key Activities: • Invested over RM2.7 million on training and development. • Recorded over 42,000 training hours, with an average of 31.7 hours per employee. • Supported 45 employees in obtaining professional certifications from various certification programmes, including Certification for Climate Risk by the Asian Institute of Chartered Bankers (“AICB”), Advanced Certification in AntiMoney Laundering and Counter Financing of Terrorism by AICB, Certification for Microsoft Azure Security Technologies by Iverson Malaysia, and Certification for Investment Management and Corporate Finance Programme by the Securities Industry Development Corporation. • 244 employees took part in ESG and sustainability-related trainings with 1,019.9 training hours recorded. • Hosted our inaugural Sustainability Day in 2024, a milestone event designed to enhance sustainability awareness and engagement among key stakeholders. • Extended the Kenanga Leadership Programme, aimed at offering employees a comprehensive and targeted learning experience to develop their leadership capabilities, to include People Managers. • Identified key successors guided by Kenanga’s Talent and Succession Management Framework, ensuring a robust pipeline for critical roles. • Leveraged on LinkedIn Learning platform, enabling employees to access curated, competency-based learning paths tailored to their roles and Individual Development Plans (“IDP”), building on the IDP initiative rolled out in 2023 for more targeted, role-based learning and talent development. TALENT ATTRACTION, DEVELOPMENT, AND MANAGEMENT Refer to pages 79 to 102 of our Sustainability Report 2024 for more information on our approach and progress on Empowering People and Communities. WHY IT MATTERS Supporting local communities is essential for building stronger and more resilient societies where people can thrive. To achieve this, we engaged with communities in need by providing focused social investments and encouraging active employee volunteerism. WHY IT MATTERS Financial inclusion, a key material issue within Kenanga’s ESG framework, supports social equity in finance. It addresses financial access inequalities, aims to enhance livelihoods, and builds community resilience. Kenanga ensures that financial services are accessible, affordable, and meaningful, especially for underserved communities, leveraging digital solutions to bridge gaps in banking, investment, and wealth management. Contributing to societal development through initiatives that prioritise the wellbeing of the communities where we operate, including supporting philanthropic efforts, participating in volunteerism and supporting local economies. Making financial services accessible to underserved populations, ensuring that individuals and businesses, regardless of their socioeconomic status, have access to essential financial services. Key Risks: Neglecting community interest and wellbeing can damage the Group’s reputation, undermine stakeholders’ trust, and may lead to negative publicity. This can result in missed growth opportunities, challenges in attracting top talent, and a weakened connection with key stakeholders. Key Risks: Limited financial inclusivity and literacy can restrict access to essential financial services, preventing businesses from reaching underserved segments. This may also lead to compliance risks and expose companies to financial fraud and scams, resulting in reputational damage and hindering growth. Key Opportunities: Community investment enhances the Group’s reputation strengthens customer loyalty, attracts top talent, and expands market opportunities. It also fosters long-term partnerships and supports business sustainability. Key Opportunities: Expanding financial inclusivity and literacy to underserved segments enhances customer engagement and loyalty. Providing accessible financial education fosters informed decision-making among the investing community, strengthens relationships, and broadens market reach. Addressing financial literacy also ensures regulatory compliance, reduces fraud risks, and enhances the Group’s reputation. Key Activities: • Invested over RM640,000 in community outreach programmes benefitting over 2,740 people. • Accumulated a total of 2,808 hours of volunteering service in 2024 through our employee volunteering programme. • Kenanga Investors Berhad continued its collaboration with Dialogue Includes All Academy to host an immersive empathy workshop, with over 210 employees and advisers participating this year. Key Activities: • Shared investment knowledge through published articles, webinars, virtual roadshows, exhibitions and various social media platforms. Our financial literacy outreach initiative via social media garnered a total of 5,200,563 views. • Launched digital platforms such as KDi GO to democratise access to financial solutions and promote financial inclusivity to reach underserved markets. As of December 2024, nearly 50% of our clients are women, 50% are from outside the Klang Valley area, and 90% of our users come from the B40 and M40 income groups. COMMUNITY INVESTMENT FINANCIAL INCLUSION
RkJQdWJsaXNoZXIy NDgzMzc=