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 61 60 Furthermore, the Group’s climate risk policy has been revised to formalise the frequency of climate risk reporting to the Board, ensuring structured assessment and informed decision-making. In 2024, the Board convened three (3) times to deliberate on climate-related matters, which included: • Progress updates on the implementation of Climate Risk Management and Scenario Analysis • Updates on the changes to the amendments of the CCPT assessment • Updates on climate risk exposure based on the CCPT classification Enhancing the Board and Senior Management’s Competency in Climate Risk Management The Board remains committed to strengthening its expertise in ESG and climate risk matters by actively participating in specialised training to deepen understanding of sustainability and climate change risks, opportunities, and the evolving regulatory landscape. Through a series of briefings, workshops, and industry-led courses, the Board has gained critical insights to enhance its ability to provide effective oversight and make informed strategic decisions, ensuring the Group is well-positioned to navigate the complexities of climate risks and sustainability. Some of the key focus areas for climate-related leadership include: The following are some of the sustainability and climate risk training sessions attended by our Board and Senior Management Team: The participation of both the Board of Directors and the Senior Management Team in these training sessions and committees reflects the Group’s commitment to integrating climate risk considerations into governance and operational strategies, ensuring a proactive approach to sustainability leadership. The Board’s ESG Training Topics • Malaysian Institute of Accountants Webinar Series: ESG Audit for Internal Auditors - How to ascertain methods of scoping for ESG Performance Audit • Institutional Investors Council of Malaysia Corporate Governance Conference 2024 - Countdown to 2030: Investing Towards Sustainable Development in Malaysia • Kenanga’s Directors’ In-House Training: Environmental, Social, and Governance by PwC • Kenanga’s Directors’ In-House Training on ESG: Financed Emission • Masterclass 1: Boardroom Climate Essentials, Philippe Joubert, Founder & CEO of Earth on Board • Carbon Market: What Directors Need to Know • Sustainability and Risk Management Masterclass by SP Setia Senior Management Team’s ESG Training Topics • Malaysian Institute of Accountants Conference 2024 - Navigating New Frontiers, Embracing Sustainability • Kumpulan Wang Persaraan Diperbadankan (“KWAP”) Inspire Conference 2024: Advancing Circular Transformation for a Climate-Smart Malaysia • JC3 Upskilling Sustainability Training (“JUST”) Series 2024: Series 3 - Transition Planning Clinic 1 - Starting from Zero: Foundations of Transition Planning and Target Setting • In-house CPE: Rethinking Business Strategies in Driving the ESG and Sustainability Agenda • Securities Industry Development Corporation (“SIDC”)’s Sustainability Reporting Masterclass Climate Risk Management and Scenario Analysis • Adoption of science-based targets • Implementation of IFRS S1 and S2 Organisational Sustainability Impacts • Directors’ obligations in ESG and climate risk governance • Broader developments in sustainability and climate risk Driving Industry Participation in Climate-Related Organisations Our Senior Management Team continues to exemplify leadership by actively engaging in regulatory committees such as Bursa Malaysia’s Sustainable Development Committee and the Joint Committee on Climate Change (“JC3”), which focus on climate risk mitigation and sustainability-related matters. Through these contributions, the team helps shape industry best practices, drives impactful climate-related policy discussions, and reinforce the Group’s commitment to advancing the broader sustainability agenda. The following are key leaders at Kenanga who have been actively involved in climate-related organisations: Climate-Related Key Performance (“KPI”) Indicators and Remuneration Since 2023, sustainability has been a key component of the Group’s Balanced Scorecard, with an assigned weightage, aligning with our Sustainability Roadmap 2023-2025. Climate-related KPIs, such as progress towards net zero by 2050 and the integration of climate-related risks, have been embedded in the Balanced Scorecards of relevant Group Senior Management members, in addition to the overall Balanced Scorecard. Moving Forward We acknowledge that key members of the Group’s Senior Management Team play a pivotal role in driving sustainability and climate-related commitments. Additionally, strengthening organisational capabilities is essential to achieving these goals. In the short term, we will continue to embed climate-related responsibilities across key business units and operations, refining our KPI-setting approach as we progress in our sustainability and climate journey. DATUK CHAY WAI LEONG Group Managing Director of Kenanga Investment Bank Berhad & Chairman of the Group Sustainability Management Committee • A member of the Sustainable Development Committee, a Board Committee of Bursa Malaysia. The Committee oversees the development and implementation of sustainability strategies, ensuring that key initiatives align with the Malaysian Code on Corporate Governance. • A Board of Director at the Securities Industry Development Corporation, a company sponsored by the Securities Commission and Bursa Malaysia, which provides capital market learning and development solutions for industry participants in Malaysia. DATUK WIRA ISMITZ MATTHEW DE ALWIS Chief Executive Officer/ Executive Director of Kenanga Investors Berhad • A member of the JC3, a collaborative effort initiated by BNM and the SC to unite industry representatives in building the climate resilience of the financial sector in Malaysia. • Vice Chairman of the Institutional Investors Council (“IIC”) Malaysia. • A member of the Bursa Malaysia Securities Market Consultative Panel. • A member of the Sustainable Investment Platform Steering Committee – Malaysia Sustainable Investment Initiative. • Chairperson of the Malaysian Association of Asset Managers. ENVIRONMENTAL STEWARDSHIP ENVIRONMENTAL STEWARDSHIP
RkJQdWJsaXNoZXIy MTc1ODMy