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 23 22 For more information on how we manage Talent Attraction, Development, and Management, please refer to pages 89 to 95 of this Report. For more information on how we manage Community Investment, please refer to pages 96 to 99 of this Report. For more information on how we manage Financial Inclusion, please refer to pages 100 to 102 of this Report. For more information on how we manage Employee Safety, Health and Wellbeing please refer to pages 85 to 88 of this Report. For more information on how we manage Diversity and Inclusion, please refer to pages 80 to 84 of this Report. For more information on how we manage Climate Impact, please refer to pages 58 to 78 of this Report. OUR APPROACH TO SUSTAINABILITY OUR APPROACH TO SUSTAINABILITY Key Risks: Non-compliance with environmental regulations, reliance on carbon-intensive industries, and climate-related disruptions can incur regulatory fines, asset devaluation, and operational costs. Key Opportunities: Regulatory compliance fosters trust, attracts investors, and ensures adherence to industry standards, while climate risk assessments protect long-term value and strengthen portfolios. Moreover, investing in energy-efficient technologies lowers costs and promotes greater operational sustainability. Key Risks: Non-compliance with labour laws on anti-discrimination and inclusivity can result in legal and reputational risks. Workforce inequities may undermine morale and engagement, while inadequate diversity and inclusion efforts may lead to higher turnover and challenges in attracting talent. Key Risks: Failure to comply with health and safety regulations can lead to legal action and financial penalties. Poor workplace health practices contribute to higher absenteeism and reduced productivity. Additionally, neglecting health and safety concerns may raise investor apprehensions, influencing their investment choices. Key Opportunities: An inclusive workforce enhances an organisation’s reputation by improving employee engagement, increasing retention, and attracting top talent, particularly those seeking purpose-driven roles. This cultivates a strong image and appeals to both employees and customers. Key Opportunities: Emphasising employee wellbeing strengthens the Group’s reputation as an employer of choice, attracting top talent and improving productivity. Prioritising health and safety further solidify the commitment to responsibility and compliance, building trust with employees and investors. 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 prevent skill gaps. In addition, financial institutions risk non-compliance 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 Risks: Neglecting community interest and wellbeing can damage the Group’s reputation, undermine stakeholders’ trust and lead to negative publicity. This may result in missed growth opportunities, difficulties in attracting top talent and a weakened connection with key stakeholders. 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 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: 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. Climate Impact Addressing climate change impacts by managing carbon emissions and energy use through Kenanga’s operations, investments and services to mitigate environmental-related risks. 1 Environmental Stewardship Employee Safety, Health and Wellbeing Ensuring the safety, health and overall wellbeing of employees through implementing policies and practices that protect employees from workplace hazards and promote physical and mental health. 2 Diversity and Inclusion Ensuring equal opportunities regardless of gender, race or background by creating a positive and equitable work environment where all employees can thrive. 1 Empowering People and Communities Talent Attraction, Development, and Management Attracting, retaining and developing top talent by creating career development opportunities, providing training and fostering a culture of continuous learning and growth. 3 Empowering People and Communities Community Investment 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. 4 Financial Inclusion Making financial services accessible to underserved populations, ensuring that individuals and businesses, regardless of their socioeconomic status, have access to essential financial services. 5
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