12 13 Environmental Stewardship About This Report Who We Are Progressing Towards A Sustainable Future Managing Our Sustainability Risks Good Governance Sustainable Economic Growth KENANGA INVESTMENT BANK BERHAD Sustainability Report 2022 Awards and Recognitions Empowering People and Communities GRI Content Index ESG Performance Data Q&A WITH OUR GROUP MANAGING DIRECTOR AND CHAIRMAN, GROUP SUSTAINABILITY MANAGEMENT COMMITTEE CONGRATULATORY NOTE FROM EXECUTIVE DIRECTOR, UN GLOBAL COMPACT MALAYSIA BRUNEI As of last year, we have implemented a data dashboard that facilitates a continuous monitoring of our progress across the organisation. In addition, we also have a set of Board-approved ESG goals and targets that are aligned to our Sustainability Framework and have been cascaded via relevant KPI owners and scorecard system. Ensuring continuous engagement with regulators, industry players and stakeholders is also critical to keep us abreast of best practices and industry standards that are rapidly evolving. It’s all about taking practical incremental steps, and a continuous review of our approach, progress and outcome to ensure our sustainability initiatives are effective and delivering value. How does Kenanga measure success of its sustainability initiatives and how does it plan to continuously improve in this area? 4 Our main focus includes reinforcing our three (3)-year Sustainability Roadmap, which lays out specific goals and targets that will drive our sustainable business practices forward. We also aim to advance financial inclusion and capital allocation through our products and value chain. While we recognise the urgency of upping our ante in ESG performance, we are also aware of the nuances of greenwashing and its consequences that have damaging impact. We need to tread carefully and to take on a comprehensive view of our actions and decisions. What can be anticipated from Kenanga with regards to sustainability in the coming year and what is the organisation’s direction in this area? 5 It has been encouraging to witness the significant strides taken by Kenanga to adopt sustainable and responsible business practises. At the UNGCMYB’s Sustainability Performance Awards in December 2022, we were pleased to recognise the impact they have delivered under three (3) categories. ‘Partnership for the Goals’ was a nod towards Kenanga’s collaborations with various organisations to drive different aspects of sustainability, especially by focusing on expanding financial inclusion through digitalisation. One of the highlights is their partnership with innovative technology provider, Ant Group to develop the country’s first Wealth SuperApp, which will further democratise access to the world of investing. Under ‘Sustainable Products’, Kenanga was awarded for its Kenanga Sustainability Series, a suite of multi-asset class products rooted in sustainability considerations that aims to advance long-term financial growth for investors while generating social and financial value for surrounding communities. One of the products under the Series is the World Quality ESG Fund, a feeder fund that invests in companies within the MSCI World Index that meets stipulated ESG criteria. Kenanga also received recognition for their efforts in promoting ‘Sustainability Awareness and Employee Engagement’. Our team at UNGC worked closely with Kenanga to integrate multiple online sustainability-related learning modules onto Kenanga’s Learning Management System, accelerating capacity building throughout the organisation and garnering up to 2,230 enrolments from employees across the company for two (2) UNGC’s e-learning modules on ‘How to Understand and Take Action on the Global Goals,’ and ‘Translating Human Rights into Business Practice.’ We are proud to have Kenanga as a key participant within the UNGC family in Malaysia and I have every confidence they will keep up the momentum to continue moving the needle within their organisation and the industry. Congratulations and well done, Kenanga! “We welcomed Kenanga Investment Bank Berhad into the UNGC’s Network towards the end of 2021. As the first investment bank in Malaysia to be part of the Network, it signalled a momentous commitment from the organisation to join the global movement towards realising the UN SDGs.” FAROZE NADAR Executive Director, UN GLOBAL COMPACT MALAYSIA BRUNEI (“UNGCMYB”) From automating energy-efficient systems in our premises that is reducing one third of our energy use, to introducing the first fully online stock trading platform in Malaysia that has unlocked financial inclusion amongst hundreds of thousands of first-time traders, we are strong advocates of embracing technology to drive innovation, efficiency and sustainable growth that benefit businesses, communities and environment. In 2022, we partnered with Ant Group, a globally recognised and experienced infrastructure and platform provider, to develop Malaysia’s first Wealth SuperApp. We look forward to not only unifying a broad spectrum of financial offerings under one (1) roof, but more importantly, to make wealth creation more accessible by democratising financial services for the millions of Malaysians around the country who want better, swifter and cheaper access to financial products and solutions. As we progress towards a future driven by digital innovation, cyber resilience has become increasingly critical to manage risks, data protection and stability of our operations. Unsurprisingly, cyber security emerged as the most material issue with all our stakeholder groups in our recent materiality assessment. Continuous review and reinforcement of our cyber security infrastructure, keeping a close eye on developments and threats in the digital sphere and enhancing the overall cyber security procedures of our operations, are at the core of our digital and technology strategy. How do you see innovation and technology playing a role in sustainability? 3
RkJQdWJsaXNoZXIy MTc1ODMy