Sustainability Report 2021
Sustainability Report 2021
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Message from Our Chairman

Dear Readers,

Supporting climate transition and inclusive growth is a significant opportunity for us, especially in leapfrogging the economy towards low-carbon technologies and digital solutions.

TAN SRI DATO’ SERI SYED ANWAR JAMALULLAIL

Chairman


Approach to Sustainability

As a financial institution, we recognise the impact we can create and contribute in building a sustainable future for all. Our commitment lies in embracing sustainability in all we do and in doing so, we create shared value for our stakeholders. Sustainability, as a driver of risks and opportunities, is continuously being incorporated into our business practices and decision-making processes.

Our Alignment with UN SDGs

In 2021, we marked a milestone by becoming the first Malaysian investment bank to join the UN Global Compact, supporting its Ten Principles which articulate the core tenets of four (4) landmark United Nations (“UN”) documents including the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the UN Convention against Corruption. In tandem with this and the introduction of our ESG Framework, which guides our sustainability strategy, we have expanded our commitment and contribution towards 11 UN SDGs moving forward.

Supporting the UN SDGs

Our Focus

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    • Goal 1: No Poverty

      Extending support to our local communities through philanthropic contributions and social investments.

    • Goal 4: Quality Education

      Promoting financial literacy across the industry through our community programmes and industry financial literacy initiatives.

    • Goal 5: Gender Equality

      Supporting the empowerment and representation of women in our workforce.

    • Goal 7: Affordable and Clean Energy

      Investing in green energy companies and increasing the share of renewable energy in our operations.

    • Goal 8: Decent Work and Economic Growth

      Ensuring a safe, conducive and thriving workplace for all our employees.

    • Goal 10: Reduced Inequalities

      Uplifting our communities through philanthropic contributions and employee volunteerism, while promoting diversity and non-discriminatory practices across our employment practices and product.

    • Goal 11: Sustainable Cities and Communities

      Raising awareness across industries through knowledge sharing sessions to drive the transition towards a more sustainable business landscape.

    • Goal 12: Responsible Consumption and Production

      Reducing our resource consumption through responsible energy, water, and waste management.

    • Goal 13: Climate Action

      Embarking on a climate action pathway to address our climate-related risks and opportunities, while reducing our direct operational carbon footprint.

    • Goal 16: Peace, Justice and Strong Institutions

      Strengthening our framework and compliance culture to prevent financial crimes.

    • Goal 17: Partnerships For The Goals

      Building partnerships with community-based organisations to create positive social impacts.


    Our ESG Framework

    Good Governance

    Lead a responsible business underpinned by a robust compliance culture and high levels of ethical standards.

    Our Key Focus Area

    Good Business Conduct

    Alignment with UN SDGs

    Sustainable Economic Growth

    Integrate ESG factors into our business decisions and value chain and manage ESG risks and opportunities as we innovate to build a sustainable future.

    Our Key Focus Area

    Responsible Investment
    Digitalisation

    Alignment with UN SDGs

    Environmental Stewardship

    Promote climate positive culture within the organisation and relevant external stakeholders to attain a low carbon economy.

    Our Key Focus Area

    Climate Impact

    Alignment with UN SDGs

    Empowering People and Communities

    Create a positive impact on our employees, clients, business associates, as well as communities in need.

    Our Key Focus Area

    Diversity, Inclusion and Well being
    Community Investment

    Alignment with UN SDGs

    Our Sustainability Pillars

    Good Governance

    At Kenanga, we are committed to lead a responsible and transparent business, reinforced by robust corporate governance with high levels of ethics, compliance and integrity. We consistently reiterate our position in embedding good business conduct within the organisation and hold ourselves to high ethical standards in our business practices across our value chain.

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    Goal 1 :

    All material matters to be supported by adequate policies and procedures in line with best practices and regulatory requirements.

    Goal 2 :

    Lead industry fraud awareness through an interactive flagship programme.

    Key Highlights

    Compliance Training Summary

    Total Training Hours Achieved

    AML/CFT/TFS : 5,068.90

    Anti-Bribery and Corruption : 566.00

    Anti-Fraud : 7,385.30

    Sustainable Economic Growth

    At Kenanga, we strive to consistently deliver value through products and services that benefit our clients, while ensuring that our business grows sustainably. We aim to achieve this through accelerating our integration of ESG factors into our business decisions and across our value chain, whilst leveraging digital innovation to enhance our client experience and organisational efficiency.

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    Goal 1 :

    Increase support of sustainable economic activities.

    Goal 2 :

    Champion cloud-first strategy to increase scalability and flexibility.

    Goal 3 :

    Increase automation for productivity.

    Goal 4 :

    Increase digital distribution of products and sevices.

    Key Highlights

    Pre-Investment

    • Stocks selection based on ESG assessment conducted via positive and negative screening.

    Post-Investment

    • Continuous ESG monitoring and review.

    • Exercises active ownership through voting and engagement to ensure continued ESG alignment.

    Divestment

    • Divests stocks that are not aligned with our ESG values.

    Environmental Stewardship

    At Kenanga, we aim to promote a climate-positive culture across the organisation in pursuit of a reduced carbon footprint. Our approach to addressing climate change is defined by a multi-faceted approach in which we integrate climate-related risk considerations across our business while reducing the environmental impact of our operations.

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    Goal 1 :

    Accelerate enterprise decarbonisation.

    Goal 2 :

    Build awareness, knowledge and skills needed to enable employees and stakeholders to contribute positively to climate actions.

    Key Highlights

    Total Scope 1 and 2 GHG Emissions (tCO2e)
    16.03%
    total reduction

    Petrol Consumption* (litres)
    48.52%
    total reduction

    Water Consumption* (m3)
    31.59%
    total reduction

    Paper Consumption* (kg)
    38.70%
    total reduction

    Empowering People and Communities

    At Kenanga, we believe that our people are at their best when they feel a sense of belonging and are adequately supported by the organisation. We are committed to empowering our people to build their knowledge and expertise in an inclusive and healthy environment while extending our support in contributing to the growth and resilience of our communities.

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    Goal 1 :

    Maintain and promote workforce diversity and maintain anti-discrimination culture.

    Goal 2 :

    Integrate mental health as a topic of overall wellbeing of employees.

    Key Highlights

    THE HUMANKIND PROJECT: ORDER-IN A GESTURE OF KINDNESS

    • Issuance of the press release that was covered by key print and digital media and social media channels.

    • Dissemination of direct mail to our employees, suppliers and clients.

    • Sponsorship of Grab Food codes for orders made to Café Includes.

    • Purchased meals from the cafe to be distributed to the homeless communities and orphanages.