Kenanga-Sustainability-Report-2022

36 37 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 GOOD GOVERNANCE Sustainability Governance at Kenanga Board & Management Committees Governing Body Roles & Responsibilities Group Board Risk Committee (“GBRC”) An independent Board Committee that assists the Board in its supervisory role on the risk management of the Group while overseeing all aspects of risk management in the Group, including climate change risk management. Group Risk Committee (“GRC”) Highest senior management committee that assists the Board through its supervisory role on risk management for the Group while overseeing all aspects of risk management in the Group, including climate change risk management. Group Sustainability Management Committee (“GSMC”) Highest senior management committee that assists the Board in the governance of sustainability including establishing sustainability direction, strategies, and targets for the Group. Ensures the Group addresses sustainability risks and opportunities in an integrated and strategic manner to support its long-term strategies and success by integrating sustainability considerations into the day-to-day operations of the Group. Ensures the effective implementation of the Group’s sustainability strategies and plans. Delivery Division Roles & Responsibilities Group Marketing, Communications and Sustainability Provides management-level leadership in sustainability planning and implementation, as well as monitoring and evaluation of sustainability initiatives and their performance. Actively engage with external stakeholders, as well as internal business divisions and subsidiaries, to identify sustainability risks and opportunities. Business Divisions & Operations Champions the implementation of sustainability initiatives and provides grassroots-level input for holistic sustainability management. Acts as key sustainability data owners and drives the sustainability integration in respective divisions. GOOD GOVERNANCE Chaired by Group Managing Director Group Sustainability Management Committee REGULATORY COMPLIANCE WHY IT MATTERS A strong compliance culture is pivotal for the Group’s stable growth. One of the key priorities in our approach to building sound governance is fostering a compliance culture that empowers our employees to be professional, while upholding high standards of integrity and vigilance in detecting financial crimes. Building an Ethical Culture We are committed to ensuring that our employees are well equipped to meet the challenges of their respective roles and demonstrate behaviours that align with the Group’s values. Our Group Regulatory and Corporate Services (“GRCS”) division has established a robust governance foundation, including corporate policies, procedures, and control measures, to help the Group navigate risks and respond to any incidents of non-compliance or unethical behaviour. A key component of our strategy to build an ethical culture includes designing training programmes and awareness initiatives which embed our principles of ethics and integrity so that they are reinforced, understood and practised throughout every level of our workforce. Some of the key measures we implemented include: Furthermore, the Group Financial Crime Compliance (“GFCC”) Department has conducted an Enterprise-Wide Risk Assessment (“EWRA”), an anti-corruption procedure that assesses potential corruption covering AML/CFT/TFS risks. The EWRA considers customers, country, product and services, and transactions or delivery channel risk. Currently, no significant risks have been identified. GFCC has communicated the EWRA results to the Group in order for them to develop mitigation measures accordingly. All regulatory issuances and updates are communicated to employees as and when they are updated by the regulators. Annual Regulatory Seminar (“ARS”) was organised through which we reinforced our standards of conduct on matters such as conflicts of interest, fraud, bribery and corruption, AML/CFT/TFS and whistleblowing. Key ethics and regulatory compliance policies have been made available online to all employees via the Policy & Procedure Governance System, an internal repository platform containing our policies and procedures. ARS assessment was conducted to gauge awarenes and understanding, and reinforce the grasp and knowledge of our employees on good governance and business practices. All new employees are required to complete training on ethics and regulatory compliance related matters, including code of ethics, Anti-Bribery and Corruption, Anti-Fraud, AML/CFT/TFS and conflicts of interest upon joining the Group while all existing employees are required to complete refresher training on an annual basis. Group Chief Financial and Operations Officer Group Chief Regulatory and Compliance Officer Chief Executive Officer, Kenanga Investors Berhad Chief Credit Officer Group Chief Risk Officer Members Group Chief Sustainability Officer Permanent Invitee

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