04 / OUR SUSTAINABILITY APPROACH 01 02 03 05 06 07 08 09 43 SUSTAINABILITY STATEMENT In 2025, the assurance scope was expanded to include on-site visits conducted at randomly selected branches. This enhancement strengthens the verification process, linking reported data with operational practices across different locations and improving the overall robustness of assurance procedures. 2.0 Sustainability Governance Kenanga Sustainability Governance Structure Board of Directors Oversight of sustainability-related matters sits at the Board of Kenanga Investment Bank Berhad, where direction is set on how the Group manages sustainability-related risks and opportunities across ESG areas. Decisions on the allocation of resources for sustainability initiatives are approved at this level, supporting implementation across the organisation. As part of its considerations for corporate strategy, the Board evaluates how climate-related and broader sustainability factors may influence business performance. This includes reviewing the adequacy of existing policies, risk management processes and performance objectives in addressing emerging risks and opportunities, while considering alignment with the Group’s business model, long-term direction and stakeholder expectations. The Board is supported in its oversight role by its Committees and Working Groups which includes: Group Governance, Nomination and Compensation Committee (“GNC”) The GNC supports the Board through oversight of sustainability progress, with emphasis on governance arrangements and alignment with statutory and regulatory requirements. Audit Committee (“AC”) The AC supports the Board through oversight of the sustainability management process, including internal controls and compliance with applicable statutory and regulatory requirements. Group Sustainability Management Committee (“GSMC”) At management level, governance is supported through the GSMC, which serves as the highest management body for sustainability matters. GSMC sets direction, strategies and targets, while addressing sustainability-related risks and opportunities in an integrated manner. It also oversees implementation of approved strategies and the incorporation of sustainability considerations into business activities to support longer-term objectives. Division-level Delivery – Group Marketing, Communications and Sustainability (“GMCS”) The GMCS Division provides management-level leadership for planning and implementation. Its responsibilities include monitoring performance of sustainability initiatives, coordinating activities across the Group and engaging with stakeholders, business divisions and subsidiaries to identify and assess sustainability-related risks and opportunities. Sustainability Working Group (“SWG”) The SWG executes initiatives within their respective areas, providing operational input to support sustainability management. Members act as key data owners for sustainability-related information, supporting integration of sustainability considerations into day-to-day business activities and decision-making NSRF Implementation Working Group This working group focuses on preparing the Group for IFRS S1 and IFRS S2 disclosure requirements under the NSRF, supporting a structured transition towards enhanced reporting. Impact of Sustainability on Remuneration Policies The Group views the linkage between sustainabilityrelated key performance indicators (“KPI”) and executive performance assessment as a mechanism to reinforce accountability for sustainability-related responsibilities across senior leadership. The inclusion of ESG KPIs within the key individuals’ Balanced Scorecard allows sustainability considerations to be assessed alongside financial and operational objectives. For more detailed information on Kenanga’s Sustainability Governance, refer to pages 17 to 19 of our Sustainability Report 2025. For the full SGS’s Assurance Statement, refer to pages 151 to 153 of our Sustainability Report 2025.
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