04 / OUR SUSTAINABILITY APPROACH 01 02 03 05 06 07 08 09 41 SUSTAINABILITY STATEMENT operations in Malaysia, including our headquarters at Kenanga Tower in Kuala Lumpur and our nationwide branch network, unless stated otherwise. All monetary values are reported in Malaysian Ringgit (“RM”). Value Chain The Group’s value chain—comprising the key activities, resources and relationships that support our business model— has been considered in determining the scope of disclosures presented in this Statement. For FY2025, all reported metrics, other than GHG emissions, reflect Kenanga Group’s own operations. A depiction of our value chain is available in the Value Creation Model on pages 34 to 35 of this Integrated Annual Report 2025. Reporting Boundaries for GHG Our GHG emissions are calculated 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). Developed by the World Business Council for Sustainable Development and World Resources Institute, the GHG Protocol provides guidance and standards for organisations to prepare a GHG emissions inventory. The report encompasses all operations in Malaysia, including our headquarters at Kenanga Tower in Kuala Lumpur and our nationwide branch network, unless stated otherwise. The Group’s reporting boundary for GHG emissions includes its organisational boundary and operational boundary, and these boundaries provide the basis for determining which facilities, activities and emissions sources are included within the Group’s climate reporting. Organisational Boundary Kenanga Group applies the operational control approach in accordance with GHG Protocol to establish its organisational boundary for the reporting of GHG emissions. The facilities covered within our reporting entity’s boundaries are Kenanga Tower, KIBB and Kenanga Investors Berhad (“KIB”) branches, and Data Recovery Centres. Operational Boundary Direct GHG emissions from sources that the Group owns or controls within its organisational boundary are classified and reported as Scope 1 emissions. Emissions arising from the generation of purchased electricity consumed across our operations are reported as Scope 2 emissions. Indirect emissions occurring outside our operational control but within our value chain—consistent with the GHG Protocol and IFRS S2 requirements—are reported as Scope 3 emissions. This distinction allows the Group to present a more complete view of emissions linked to its activities, while reflecting the different levels of control and influence across operations and the wider value chain. 1.3 Significant Judgements and Measurement Uncertainties In preparing this Sustainability Statement, the management applied judgement in several areas, including determining sustainability risks and opportunities (“SROs”), climate risks and opportunities (“CROs”) and identifying material information for disclosure. These judgements shape how information is selected, assessed and presented, particularly where sustainability-related matters may influence Kenanga’s prospects and the decisions of primary users of this Statement. Certain sustainability information cannot be measured directly and therefore requires the use of estimates. This is particularly relevant where information relates to value chain activities, involves forward-looking assessments or is affected by data limitations. In such cases, estimates are applied using the best information available at the reporting date, while recognising that assumptions, methodologies and data inputs may evolve over time. Details of the key judgements applied and areas involving significant measurement uncertainty are outlined below. Significant Judgements Materiality Process Significant judgement was applied in identifying the SROs that could reasonably be expected to affect Kenanga Group’s prospects, as well as in determining the material information relevant to these risks and opportunities. The approach used to assess which information could reasonably influence its financial prospects and the decisions of primary users is outlined in Our Double Materiality of this Report. Judgement was also exercised in determining which metrics within the industry-based SASB Standards are applicable to the Group. This includes metrics relevant to the Investment Banking & Brokerage and Asset Management & Custody Activities sectors, as referenced in Section 8 on Metrics and Targets. In making these determinations, the Group considered the relevance of each metric to its business model, activities and reporting objectives, with application limited to those measures that provide meaningful insight into performance and exposure.
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