64 65 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 Water Management We are mindful of our water consumption and continue to track water usage on an annual basis to further enhance our water efficiency. Similar to our electricity consumption monitoring, we have expanded our water consumption monitoring to include data from our branch offices. Waste Collected and Recycled by Type (kg) IT Asset and Paper Collected and Disposed by Type (kg) Paper 8,945 Plastic 77 Aluminium Tins 31 Others 6 Paper 8,980 e-Waste 1,935 ENVIRONMENTAL STEWARDSHIP ENVIRONMENTAL STEWARDSHIP “Kenanga is committed to reducing waste and minimising its environmental impact through various initiatives, including minimising paper usage by transitioning to digital files. In addition to these efforts, we are also focused on employee awareness building and promoting collective action to further reduce our environmental footprint. We believe that it is important to involve everyone in our organisation in these efforts and work together to achieve our sustainability goals. By prioritising these initiatives and promoting responsible practices, we are committed to building a more sustainable and responsible organisation.” YAP WAI CHOON Head of Group Procurement and Administration, Kenanga Investment Bank Berhad Consumption and Waste Management As a financial institution, we generate paper and electronic waste (“e-waste”), predominantly. The proper disposal of office waste is a vital component of minimising our environmental impact as we aim to reduce our paper consumption through our digitalisation efforts and building awareness on zero waste culture amongst our employees. In addition to reporting on our paper consumption data, we have further enhanced our waste monitoring by including other types of office waste which include paper, carton boxes, aluminium tins, e-waste, and plastic. Paper Consumption Estimated Total Paper Purchased* (kg) 19,840 2022 15,138 2021 Note: For Year-On-Year data of paper consumption, please refer to page 91 of this report. Scope 3 – Other Indirect GHG Emissions In FY2022, we also expanded our GHG emissions monitoring to include Scope 3 emissions from our business travel by using a spend-based method to measure and monitor our Scope 3 data. In line with our Sustainability Roadmap 2023-2025, we aim to establish a monitoring system to improve our disclosures on business travel and other categories under Scope 3 as relevant. 210.9 2022 187.7 2021 Scope 3 Business Travel (tCO2e) In 2022, we have also rolled out our initiatives to migrate clients from physical monthly statements of accounts to e-statements in line with our sustainability goals and targets. A total of 139,821 clients have migrated to e-statements as of December 2022. Moving forward, we will continue to encourage our clients to migrate to e-statements. Waste Management As part of our efforts to support circular economy and responsible disposal of the Group’s documents as well as e-wastes which contain confidential data, we engaged a local recycling centre and local licensed local IT asset destruction agency to manage these wastes. We practice responsible disposal of our papers and e-wastes as guided by our Retention, Archiving and Destruction Policy and; PDPA Data Access and Retention Procedures. Upon destruction, we were given a Certificate of Destruction by a licenced local agency. Overall, we have managed to collect and manage our office wastes responsibly of a total of 19,974 kg. Moving forward, we intend to further improve our waste management systems through enhanced monitoring and active stakeholder engagement on build awareness on circularity. Water consumption - Kenanga Tower (m³) 2022* 21,304 2021 18,503 Water consumption – Branch Offices (m³) 20,848 (FY2022) Note: For Year-On-Year data of water consumption, please refer to page 91 of this report. New Data Point: New Data Point: Scope 3 Other Indirect GHG Emissions (tCO2e) – Business Travel 210.9 (FY2022) Note: Activity data for Scope 3 emissions is obtained from total fuel consumption for employee-owned vehicles only, based on the price of Ron-97 fuel. New Data Point:
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