48 49 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 Our Internal Stock Scoring Methodology In 2022, Kenanga’s Equity Broking Research Department developed an updated internal scoring system to rate public listed stocks, premised on Bursa Securities’ Sustainability Reporting Guide, the Sustainability Accounting Standards Board (“SASB”) and GRI’s primary ESG topics. Guided by the methodology, we reach out to businesses on a regular basis to acquire updates on their ESG strategy, goals, and accomplishments to better understand their sustainability ambition and intent. FUTURE OUTLOOK We intend to offer more sustainable investment products with a focus on thematic investing in sectors related to energy transition, water and waste management, food security and others as relevant, while being cognisant of the interdependencies of a just transition economy. As part of our efforts to further understand our portfolios’ exposure on ESG risk and opportunities, we will deepen engagements with our investee companies to better understand their ESG aspirations and plans. Favourable scores are accorded toward companies that possess a high degree of disclosure, with particular reference to quantifiable information Short-term targets are preferred compared to long-term targets, as immediate solutions are favoured Year-on-year comparisons of improving ESG data would be given the highest score on a percentage basis • The main ESG themes considered in our internal scoring methodology include: Earnings Sustainability and Quality Emissions Management Workers’ Safety and Wellbeing Community Investment Corporate Governance Anti-Corruption Policy • A number of ESG-themed reports were published on key sectors such as banking, palm oil, and technology, delving into specific ESG aspects and company activities • An ESG-centric bulletin was launched to deliver news updates and commentary on selected topics OUR PROGRESS IN 2022 FUTURE PROSPECT Engagements with industry leaders and experts to provide greater insight into ESG assessment, reporting and investing. WHY IT MATTERS We recognise that strengthening our digital competitiveness is vital to our continued sustainability and growth, especially given the lasting impact of the pandemic as well as the rapidly evolving financial landscape. Our overarching ambition is to build a digital ecosystem that offers a spectrum of products and services that addresses client needs and expectations, while enhancing our operational efficiency. OUR APPROACH IT Governance and Strategy Our goal is to optimise internal operational efficiency through digitalisation, as well as to create an integrated and seamless digital experience that offers a suite of products and services that meets the needs and expectations of our clients. The Group Board Digital Innovation & Technology Committee (“GBDITC”) supports the Board in providing direction and oversight on technology-related matters, including risk, in line with business requirements, and relevant regulatory expectations. The GBDITC reviews, evaluates and recommends technological innovations for the formulation of the Group’s medium and long-term business strategy, and assists the Board in ensuring that the Group’s technology resources and initiatives are aligned with its overall digitisation strategy and objectives. DIGITALISATION [GRI 3-3] OUR APPROACH Strengthen cyber security defence Expand digital business ventures Transform to digitalised operations and workflow automation Build strategic partnerships with technology enablers OUR PRIORITIES To streamline resources To accelerate digital implementation To optimise cost structures SUSTAINABLE ECONOMIC GROWTH SUSTAINABLE ECONOMIC GROWTH For more information on our ESG Thematic ESG reports, please visit: https://www.kenanga.com.my/market-insights/#filter=.esg-thematic-reports.
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