KENANGA INVESTMENT BANK BERHAD SUSTAINABILITY REPORT 2024 BASIS OF THIS REPORT OUR APPROACH TO SUSTAINABILITY KENANGA AT A GLANCE GOOD GOVERNANCE LEADERSHIP STATEMENTS SUSTAINABLE ECONOMIC GROWTH ENVIRONMENTAL STEWARDSHIP EMPOWERING PEOPLE AND COMMUNITIES APPENDIX 11 10 CHAIRMAN’S MESSAGE Kenanga Investment Bank Berhad’s sustainability journey has been one of determination, progress, and purpose. Looking back, we see not just milestones, but the collective effort of individuals who believe in doing what is right. DEAR SHAREHOLDERS, While the challenges have emerged along the way, our resolve remains steadfast, because meaningful change takes time, resilience, and the courage to challenge the status quo. Recognising the growing importance of sustainability, the Board took a decisive step in 2021 by establishing a Group Sustainability Management Committee, led by Group Managing Director, Datuk Chay Wai Leong. This was more than just a structural shift; it was a signal of intent—a commitment to embedding Environmental, Social and Governance (“ESG”) into the fabric of our organisation. Since then, we have moved from discussions to implementation, turning policies into measurable impacts and challenges into opportunities for progress. With each step, our ambitions have sharpened and become more focused. From integrating climate risk into our business strategy to launching the Group Sustainability Policy in 2024, we are not just responding to change, we are driving it. In 2025, the establishment of sub-committees and working groups will further strengthen our governance framework, ensuring sustainability is embedded at every level of our operations. GOVERNANCE: THE CORNERSTONE OF TRUST AND INTEGRITY At Kenanga, governance is more than a framework—it is the foundation that upholds trust, reinforces resilience, and safeguards our responsibilities to stakeholders. In an environment of rapid change and heightened risks, maintaining the highest standards of ethical conduct remains central to our long-term sustainability. This year, our annual Fraud Awareness Week (“FAW”) returned in person for the first time since the Covid-19 pandemic, reaffirming our commitment to fraud prevention and accountability. Themed “Innovate, Integrate, Insulate”, the event brought together key industry stakeholders, including the Malaysian Anti-Corruption Commission (“MACC”), the Securities Commission, and Bursa Malaysia, to strengthen joint efforts in combating financial crime. More than just raising awareness, FAW reflects our proactive approach to fostering transparency and protecting the integrity of the financial ecosystem. Similarly, the launch of our inaugural Compliance Awareness Week marked another milestone in strengthening our governance culture. Since updating our whistleblowing policy to the Group Speak Up Policy in 2023, we have encouraged stakeholders to share any grievances through the independently managed platform, promoting transparency and accountability. By fostering open dialogue and equipping employees with deeper insights into compliance and ethical decision-making, we ensure integrity is not just a principle, but a deeply embedded value in Kenanga. TAN SRI DATO’ SERI SYED ANWAR JAMALULLAIL Chairman As we look ahead, we remain committed to strengthening our governance framework, ensuring that the Group’s legacy is defined not only by financial success, but also by a commitment to integrity and responsible leadership. FOSTERING A COLLECTIVE ESG CULTURE Our sustainability journey has never been a solitary pursuit. Strong partnerships, including our long-standing collaboration with the United Nations Global Compact Network Malaysia & Brunei, alongside engagement with various key stakeholders have been pivotal in shaping our ESG approach. At the heart of this transformation are our employees. From the outset, we have worked to cultivate a shared vision, equipping them with the knowledge and skills to navigate an evolving sustainability landscape. What began as online modules during the pandemic has since expanded into a dynamic and comprehensive programme, designed to embed ESG principles into everyday decision-making. A major milestone was the launch of our first annual Sustainability Day in 2024, following the success of the in-house-led Sustainability Roadshow the previous year. This event not only showcased our journey and progress but also celebrated the tangible impact we have created. By bringing together employees, vendors and suppliers, we sparked meaningful discussions and encouraged broader adoption of sustainable practices. At Kenanga, building ESG literacy is an ongoing priority. As we move forward, we are confident our approach will set new standards, creating lasting outcomes within the Group and across our ecosystem. TAKING CLIMATE ACTION Our journey towards environmental stewardship has been one of continuous progress, shaped by the ambition for more sustainable operations. In recent years, we took deliberate steps to reduce our environmental footprint, beginning with enhancements to our heating, ventilation, and air conditioning systems, which earned national recognition at the prestigious National Energy Awards, a testament to our people’s commitment to environmenntal sustainability. In 2024, we pushed the envelope further by subscribing to Tenaga Nasional Berhad’s Green Electricity Tariff, allowing us to source over 90% of Kenanga Tower’s electricity consumption from renewable energy. This milestone not only underscores our commitment to reducing our carbon footprint but also reinforces our support for the nation’s transition to a low-carbon economy. Our efforts did not stop there. Recognising the urgency of climate action, we developed a Decarbonisation Roadmap in 2024, with implementation commencing in 2025. This roadmap provides a structured approach to addressing our Scope 1 and 2 emissions while expanding our focus on managing and disclosing Scope 3 emissions. Establishing a Scope 3 baseline marks an essential step in gaining a more in-depth understanding of our overall environmental impact and ensuring our reduction strategies align with global best practices. Beyond operational improvements, we have adopted a broader, forward-looking approach to climate resilience. In 2024, we conducted a climate scenario analysis to assess potential climate-related risks and opportunities, equipping us with deeper insights to navigate the evolving regulatory and market landscape. These findings not only guide our Decarbonisation Roadmap but also strengthen our ability to mitigate risks while seizing opportunities in the green economy. DEEPENING OUR COMMITMENT TO SOCIAL RESPONSIBILITY True leadership extends beyond financial success—it is about creatingmeaningful change, empowering communities, and shaping a more inclusive future. Over the years, we have moved beyond one-off contributions to forging deep, long-term partnerships that drive sustainable impact. Our collaboration with social enterprises - Silent Teddies Bakery and Dialogue Includes All (“DIA”) exemplifies this commitment. What began as modest partnerships over 13 years ago has since evolved into deeply rooted initiatives that champion inclusivity. CHAIRMAN’S MESSAGE
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