SUSTAINABILITY REPORT

2022

Whowe are
as a company

Kenanga Investment Bank Berhad is a leading, independent, Malaysian-based investment bank established in 1973. We have provided award-winning products and services to clients and businesses for almost five (5) decades, through our wealth of experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing.

  • Over

    0

    Clients

  • Over

    0

    Employees

  • Total

    0

    Branches

  • Over

    0

    Licensed
    Representatives

  • Revenue
    ( RM million )

    0

    2022

  • Profit Before Tax
    ( RM million )

    0

    2022

  • Net Profit
    ( RM million )

    0

    2022

1/7
    0/0

    CHAIRMAN’S MESSAGE

    DEAR SHAREHOLDERS,

    I am pleased to present to you the Sustainability Report 2022, reflecting our continued commitment to environmental, social, and governance (“ESG”) initiatives and the progress we have made towards creating a sustainable future.

    TAN SRI DATO’ SERI SYED ZAINOL ANWAR IBNI SYED PUTRA JAMALULLAIL

    Chairman

    PROGRESSING TOWARDS A
    SUSTAINABLE FUTURE

    As a financial institution, we recognise the impact we can create in contributing towards building a sustainable future. Our commitment lies in embracing sustainability in what 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.

    MANAGING OUR
    SUSTAINABILITY RISKS

    For effective management of risks,

    the Group is governed by the Enterprise Risk Management (“ERM”) Framework and the philosophy adopted is based on the ‘Three Lines of Defense’ approach. The ERM Framework defines the roles and responsibilities throughout the organisation to ensure accountability and ownership, as well as sets out the principles of sound corporate governance to assess and manage risks to ensure risk-taking activities are aligned with the Group’s long-term viability and its capacity to absorb losses. The Group Board Risk Committee is responsible to ensure the Group’s activities are consistent with its approved risk appetite, strategies and policies.

    OUR
    CONTRIBUTION
    TO
    UN SDGS AND Ungc'sTENPRINCIPLES

    Contribution to the UN SDGs

    • Goal 1: No Poverty

      SDGs Targets We Contribute Towards

      1.4 Equal rights to economic resources as well as access to basic and financial services

      UNGC Principles

      Principle 1: Business should support and respect the protection of internationally proclaimed human rights

      Our Progress in FY2022

      • Contributed over RM180,000 to community investments and impacting over 4,000 lives

      • Continuous support of social enterprise partners, Dialogues Includes All and Silent Teddies for 11 consecutive years

    • Goal 4: Quality Education

      SDGs Targets We Contribute Towards

      4.4 Increase the number of people with relevant skills for employment, decent jobs and entrepreneurship

      UNGC Principles

      Principle 1: Business should support and respect the protection of internationally proclaimed human rights

      Our Progress in FY2022

      • Conducted over 90 sessions including webinars, exhibitions, seminars, and live series with over 20,000 participants

    • Goal 5: Gender Equality

      SDGs Targets We Contribute Towards

      5.5 Women’s full and effective participation and equal opportunities for leadership

      UNGC Principles

      Principle 6: The elimination of discrimination in respect of employment and occupation

      Our Progress in FY2022

      • 51% of our total workforce are women

      • 36% of our key and senior management are women

      • Overall average gender pay ratio of men to women is 1:0.92

    • Goal 7: Affordable and Clean Energy

      SDGs Targets We Contribute Towards

      7.2 Increase global percentage of renewable energy

      7.3 Double the global rate of improvement in energy efficiency

      UNGC Principles

      Principle 9: Encourage the development and diffusion of environmentally friendly technologies

      Our Progress in FY2022

      • Working with reNIKOLA, Malaysia’s leading solar producer, through the Corporate Green Power Program to secure renewable energy

      • Replaced all conventional lighting at Kenanga Tower with LED lights

    • Goal 8: Decent Work and Economic Growth

      SDGs Targets We Contribute Towards

      8.3 Encourage the growth of micro-, small- and medium- sized enterprises

      8.5 Full and productive employment and decent work for all

      8.10 Expand access to banking, insurance and financial services for all

      UNGC Principles

      Principle 2: Make sure that they are not complicit in human rights abuses

      Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining

      Principle 4: The elimination of all forms of forced and compulsory labour

      Principle 5: The effective abolition of child labour Principle 6: The elimination of discrimination in respect of employment and occupation

      Our Progress in FY2022

      • Raised over 2,700 meals pledge for Meals That Gives Campaign, as part of the HumanKIND Project. Amount pledged by donors were matched by Kenanga. Over RM50,000 were contributed to the cause

      • Collaborated with Naluri and conducted mental health talks for employees

      • Reported zero workplace injuries

      • Updated our employees maternity and paternity leave in line with the Employment Act 2022

      • Launched three (3) products under Kenanga Sustainability Series

      • Rolled out Kenanga Digital Investing platform to provide easy access to saving and investing

    • Goal 10: Reduced Inequalities

      SDGs Targets We Contribute Towards

      10.2 Social, economic and political inclusion of all

      UNGC Principles

      Principle 6: The elimination of discrimination in respect of employment and occupation

      Our Progress in FY2022

      • Spread awareness on gender equality at work through collaborations with organisations such as Tulip Movements on women’s leadership

      • Supported Bursa Securities’ #EqualityforEquity campaign to encourage and attract more women investors

      • Build awareness on sexual harassment policy to all employees and trained managers aon managing sexual harrassment topic

      • Introduced a volunteering mechanism and recorded over 2,300 volunteering hours, with a total of 295 volunteers participated

    • Goal 11: Sustainable Cities and Communities

      SDGs Targets We Contribute Towards

      11.6 Reduce the environmental impact of cities

      UNGC Principles

      Principle 8: Undertake initiatives to promote greater environmental responsibility

      Our Progress in FY2022

      • Included waste monitoring metric into dashboard to record our generated, collected and managed waste by type

    • Goal 12: Responsible Consumption and Production

      SDGs Targets We Contribute Towards

      12.5 Significantly reduce waste generation

      12.6 Encourage companies to adopt sustainable practices and sustainable reporting

      UNGC Principles

      Principle 8: Undertake initiatives to promote greater environmental responsibility

      Our Progress in FY2022

      • Digitalised 61 workflows under the iLeap project in efforts to reduce paper usage and improve workflow efficiency

      • Encouraged employees to start recycling habit by introducing Trashcycle Malaysia

      • Partnered with Zero Waste Malaysia to roll out a workshop for employees on ways to start living a zero-waste lifestyle

      • Recycled 19,974 kg inclusive of waste and e-waste

    • Goal 13: Climate Action

      SDGs Targets We Contribute Towards

      13.2 Integrate climate change measures into policies and planning

      13.3 Improve human and institutional capacity on climate change

      UNGC Principles

      Principle 7: Businesses should support a precautionary approach to environmental challenges

      Our Progress in FY2022

      • Retrofitted Heating, Ventilation and Air-Conditioning (“HVAC”) system at Kenanga Tower with a new A.I. smart chiller system to conserve energy

      • Integrated climate risk assessment in our lending and investment portfolios

      • 2,388 enrolments by employees on ESG-related training topics, including climate change

    • Goal 16: Peace, Justice and Strong Institutions

      SDGs Targets We Contribute Towards

      16.4 Combat organised crime, illicit financial and arms flow

      16.5 Reducing all forms of corruption and bribery

      16.7 Responsive, inclusive, participatory and representative decision-making at all levels

      UNGC Principles

      Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery

      Our Progress in FY2022

      • Held the annual flagship program, 6th Fraud Awareness Week (“FAW”) campaign, which saw the participation of over 2,000 from external and internal network

      • Hosted the 7th Annual Regulatory Seminar Assessment with over 1,000 enrolments and 10,000 total training hours logged

      • Updated relevant policies to minimise risk of financial crimes (such as Group Donation Policy)

    • Goal 17: Partnerships for the Goals

      SDGs Targets We Contribute Towards

      17.16 Enhance partnership to mobilise technology and financial resources

      17.17 Encourage and promote effective public, public-private and civil society partnership

      UNGC Principles

      Principle 1: Business should support and respect the protection of internationally proclaimed human rights

      Principle 2: Make sure that they are not complicit in human rights abuses

      Principle 6: The elimination of discrimination in respect of employment and occupation

      Principle 7: Businesses should support a precautionary approach to environmental challenges

      Principle 8: Undertake initiatives to promote greater environmental responsibility

      Principle 9: Encourage the development and diffusion of environmentally friendly technologies

      Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery

      Our Progress in FY2022

      • Initiated partnerships with entities such as:
      - Ant Group on developing first Wealth SuperApp

      - Silent Teddies and Dialogue Includes All on community outreach programmes

      - UNGC on advancing SDGs

      - Association of Certified Fraud Examiners to organise 6th FAW

      - Trashcycle Malaysia on door-to-door service to collect recycle wastes from employees

      - Zero Waste Malaysia to host an interactive session on how to lead a zero-waste lifestyle

    OUR
    ESGFRAMEWORK

    • Good Governance

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

      Good Business Conduct

      Promote and embed good business conduct and high standards of integrity throughout the organisation, operate ethically and transparently and in compliance with applicable laws and regulations.

    • 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.

      Responsible Investment

      Incorporate ESG factors into our investment processes, offer and promote sustainable products and solutions and take an active stewardship role in the companies in which we invest.

      Digitalisation

      Leverage technological advancements to develop secure, meaningful and innovative products and solutions that will help shape the future of investing.

    • Environmental Stewardship

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

      Climate Impact

      Take ownership of climate risks and opportunities of our operations through monitoring environmental performance, identifying and practising behaviours to promote climate positive action and outcomes.

    • Empowering People and Communities

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

      Diversity, Inclusion and Wellbeing

      Inculcate an equitable workplace culture that recognises the unique needs and contributions of employees and where employee rights, health, safety and wellness are promoted.

      Community Investment

      Enhance financial literacy for investors and the community through education. Reaching out to communities in need through targeted social investments and employee volunteerism.

    Our
    sustainabilityPillars

    • Good Governance

      We remain cognisant of our responsibilities to our stakeholders, as we strive to raise the bar on good governance by incorporating ethical business practises throughout the organisation.

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

      2. Lead industry fraud awareness through an interactive flagship programme.

    • Sustainable Economic Growth

      Our approach in integrating ESG considerations into our core operations, investing, and decision-making processes is a crucial component of our strategy to deliver innovative sustainable finance and investing products for our clients.

      1. Increase support of sustainable economic activities.

      2. Champion cloud-first strategy to increase scalability and flexibility.

      3. Increase automation for productivity.

      4. Increase digital distribution of products and sevices.

    • ENVIRONMENTAL STEWARDSHIP

      We are fully committed to promoting a climate-positive culture and reducing our carbon footprint. We recognise the urgency of the climate crisis and believe that we have a responsibility to take action. We are integrating climate-related risk considerations into all aspects of our business operations and continuously seeking ways to minimise our environmental impact.

      1. Accelerate enterprise decarbonisation.

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

    • EMPOWERING PEOPLE AND COMMUNITIES

      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.

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

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

      3. Increase social impact towards marginalised and deserving communities through consistent programmes and initiatives.

      4. Expand investing literacy reach through online and offline channels.

    1/4

    Downloads