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 77 76 Responsible Waste Management We strive to adopt responsible waste management practices across our operations, focusing on the handling of general waste, IT assets, and confidential documents. In support of these efforts, we work alongside a local recycling centre and a licensed IT asset destruction agency. In 2024, we responsibly disposed of 25,769 kg of waste through our recycling and destruction process. 2022 2023 2024 Total Waste Generated (kg) 19,974 32,876 36,244 Total Waste Directed to Disposal (kg) 19,974 32,876 36,244 General Waste Collected and Recycled by Type (kg) 9,059 9,758 10,475 Paper 8,945 9,675 10,415 Plastic 77 13 0 Aluminium Cans 31 64 60 Others 6 6 0 IT Asset and Paper Collected and Our Disposed by Type (kg) 10,865 23,118 25,769 Paper 8,980 19,334 7,602 e-Waste 1,935 3,784 18,167 This approach is guided by the Group’s Retention, Archiving and Destruction Policy and the PDPA Data Access and Retention Procedures, ensuring the ethical and responsible disposal of paper and e-waste. Following the destruction of IT assets, a Certificate of Destruction was issued by the local licenced agency, providing assurance of compliance with secure disposal practices. Looking ahead, we aim to further improve waste management systems through enhanced monitoring and proactive stakeholder engagement, fostering greater awareness of circularity and sustainable practices. Water Management We continue to prioritise the efficient management of water consumption and explore measures to optimise water usage. In 2024, our overall total water consumption was 40,577.3 m3 compared to 42,208.1 m3 the year before. We recorded a reduction of 3.9% in our water consumption at Kenanga Tower. Efforts to address water efficiency included completing rectification works for multiple leakage incidents and improving our water management within the operation. Estimated Total Paper Purchased (kg) 16,190 17,339 18,935 2024 2023 2022 ENVIRONMENTAL STEWARDSHIP ENVIRONMENTAL STEWARDSHIP Key Learning and Next Steps in Financed and Facilitated Outcome Through this baselining exercise, we gained an overview of the Group’s total GHG emissions from investment activities, enabling us to assess our exposure and emissions across various sectors. From this analysis, we identified the top three (3) carbon-intensive sectors—energy and utilities, industrials, and transport and storage. These insights are instrumental in strengthening our emissions management and shaping the Group’s sectoral decarbonisation strategy, for which a phased approach will be implemented to drive collective efforts across these critical sectors. Moving Forward As we continue our journey towards Net Zero by 2050, supported by our Decarbonisation Roadmap, we will regularly track and disclose our progress on climate-related targets. This will include annual updates on key metrics, such as the proportion of our portfolio impacted by physical and transition risks, our investments in climate-positive opportunities, and other relevant measures aligned with regulatory requirements and best industry practices. To strengthen our monitoring capabilities, we will explore investing in technology and infrastructure to improve the quality and completeness of our climate data. This will ensure that our practices remain aligned with the latest standards, including updates to emission calculation methodologies. Our focus will be on continuously refining our approach to better manage climate risks and identify opportunities aligned with a low-carbon future. Other Environmental-related Initiatives Paper Consumption and Waste Management The primary types of waste generated by our operations consist of paper and electronic waste (“e-waste”). The proper management and disposal of office waste is a vital component of minimising our environmental impact as we aim to reduce our paper consumption. Our digitalisation initiatives aim to lower paper usage, complemented by efforts and building awareness of a zero-waste culture amongst our employees. Beyond reporting on our paper consumption data, waste monitoring was enhanced by including other types of office waste, such as carton boxes, aluminium cans, and e-waste. Paper Consumption To further reduce paper usage, we continue to transition clients from physical monthly statements of accounts to e-statements. As of December 2024, a total of 162,109 clients have adopted e-statements, with an e-statement adoption rate of 61.4%. As part of our ongoing efforts to reduce paper-based postal statements, we no longer send monthly statements using postal delivery to clients with no transactions in their accounts. For inactive clients, statements are now issued on a semi-annual basis. Water Consumption (m³) - Kenanga Tower 33,019.0 33,307.0 21,304.0 2024 2023 2022 Water Consumption (m³)1 - Branch Offices 7,558.3 8,901.1 8,185.3 2024 2023 2022 Total Water Consumption (m³) - Kenanga Tower & Branches 40,577.3 42,208.1 29,489.3 2024 2023 2022 Note: 1. The water consumption data for our branch offices excludes KIBB - Damansara, Johor Bahru - Menara Pelangi, Penang - Menara PSCI, Subang Jaya, Kota Kinabalu and KIB - Penang - Menara Boustead, Kuching - Jalan Abell, Miri and the Bukit Jalil Agency Office. These exclusions are due to the unavailability of bills and the charging of a fixed monthly amount in the rental agreements.
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