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 71 70 Managing Our Operational GHG Emissions Building on our recognition at the National Energy Awards (“NEA”) in 2023, we continued to advance our energy efficiency efforts. Over the past two (2) years, we collaborated with a local climate tech company to integrate an AI-driven solution into Kenanga Tower’s central air conditioning system, upgraded the Air Handling Unit (“AHU”), and installed energy-efficient lighting—achieving notable energy reductions. We have also taken a proactive step in our energy efficiency efforts by reducing the air conditioning temperature by 2°C at Kenanga Tower. This adjustment helps reduce energy consumption and supports our sustainability efforts, while maintaining a comfortable and conducive working environment. Summary of Total Energy Consumption & Operational GHG Emission Scope 1 & Scope 2 Total Energy Consumption1 (GJ) 19,213.2 19,389.9 17,890.3 2024 2023 2022 Total Operational GHG Emissions2 - Scope 1 & 2 (tCO 2e) – Kenanga Tower and Branches 2,268.2 3,717.4 3,396.8 2024 2023 2022 Notes: 1. Scope 2 data for both Kenanga Tower and Branch offices were restated for FY2022 and FY2023 due to revision of the grid emission factors by Malaysia’s Energy Commission. 2. The total energy consumption data is converted from kilowatt per hour (kWh) to gigajoule (GJ) to align with Bursa Malaysia’s sustainability reporting requirements, whereas the conversion metric is guided by the energy conversion calculator from the US Government’s Energy Information Administration. The reported total energy consumption in gigajoules includes fuel and purchased electricity consumptions. 3. Operational GHG emissions refers to direct emissions, where the source of emissions is from KIBB owned and/ or controlled vehicles and building premises. These refer to Scope 1 and Scope 2 of GHG emissions. Total Fuel Consumption & Scope 1 – Direct GHG Emissions In 2024, our fuel consumption decreased by approximately 4.5% compared to 2023, driven by lower usage of company cars for corporate travel. Scope 1 Direct GHG Emissions2 (tCO 2e) 42.0 43.4 40.6 2024 2023 2022 Total Fuel Consumption1 (litres) 17,382.0 18,209.1 17,059.1 2024 2023 2022 Notes: 1. The fuel consumption data consists of petrol and diesel consumption data as all KIBB - owned vehicles use petrol and diesel. 2. Scope 1 emissions are calculated based on fuel consumption from KIBB-owned vehicles, converted using emission factors sourced from the 2006 Intergovernmental Panel on Climate Change (“IPCC”) Guidelines for National Greenhouse Gas Inventories. Total Fuel Consumption (GJ) 587.9 610.0 571.5 2024 2023 2022 Total Purchased Electricity Consumption & Scope 2 – Indirect GHG Emissions In 2024, we recorded a total electricity consumption of 5,173,683.7 kWh for Kenanga Tower and our branch offices – a slight decrease from 5,216,632.3 kWh in 2023 - primarily due to the closure of four (4) branches as part of our rationalisation efforts. In addition, the Group continued to benefit from energy-efficient enhancements initiated since 2021. Notably, Kenanga Tower alone achieved a significant 18.5% reduction in electricity usage compared to the baseline year, calculated as the average electricity consumption of 2018 and 2019. Scope 2 - Indirect GHG Emissions Scope 2 Indirect GHG Emissions (tCO2e) – Kenanga Tower 912.5 2,246.9 2,150.8 2024 2023 2022 Note: The reduction in GHG emissions for FY2024 reflects the positive impact of the Group’s subscription of TNB’s Green Electricity Tariff (“GET”). Notes: 1. The figures for Scope 2 emissions are derived from purchased electricity consumption across Kenanga Tower and our branch offices, converted using the emission factors for Peninsular Malaysia, Sabah and Sarawak. The Scope 2 emission factors were sourced from the Malaysia Energy Commission - Grid Emission Factors in Malaysia, 2017 - 2021. 2. Scope 2 data for both Kenanga Tower and Branch offices were restated for FY 2022 and FY2023 due to revision of the grid emission factors by Malaysia’s Energy Commission. Scope 2 Indirect GHG Emissions (tCO2e) – Branch Offices 1,313.7 1,427.2 1,205.4 2024 2023 2022 Total Scope 2 Indirect GHG Emissions (tCO2e) – Kenanga Tower and Branches 2,226.2 3,674.1 3,356.2 2024 2023 2022 ENVIRONMENTAL STEWARDSHIP ENVIRONMENTAL STEWARDSHIP
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