25 MANAGING OUR KEY ESG RISKS GOOD GOVERNANCE SUSTAINABLE ECONOMIC GROWTH ENVIRONMENTAL STEWARDSHIP EMPOWERING PEOPLE AND COMMUNITIES APPENDIX MANAGING OUR KEY ESG RISKS G Our TCFD-aligned Climate-Related Disclosures Governance The climate risk managed by the Group is governed by the existing risk governance structure, which involves the Board of Directors (“the Board”), relevant Board and Management Committees, Business Units and Group Risk Management. The roles and responsibilities of the Board, Board Committees, Management Committees and relevant departments are summarised as follows: Oversees climate risk management initiatives and is responsible for ensuring that climate risks are well incorporated across our governance process, strategy and business operations. The Board Supports the Board in its supervisory role, overseeing all aspects of risk management throughout the Group, including climate risk management. Group Board Risk Committee (“GBRC”) A Committee that supports the Board in overseeing sustainability and climate risk management processes, including the Group’s internal control system to ensure compliance with statutory and regulatory requirements. Audit Committee (“AC”) An independent Board Committee that supports the Board in providing oversight on material sustainability risks including climate-related risks, particularly in ensuring the governance of sustainability within Kenanga, as well as the necessary alignment and compliance with applicable statutory and regulatory requirements. Group Governance, Nomination and Compensation (“GNC”) Supports the Board in the governance of sustainability matters, providing oversight and input to ensure that the Group’s strategies, policies, goals, programmes and initiatives related to sustainability matters are aligned with the Group’s commitment towards sustainability. Group Sustainability Management Committee (“GSMC”) Supports the Board in managing the risks of the Group with key responsibilities including reviewing and recommending frameworks, policies, processes and procedures, as well as climate risk related propositions from Group Risk Management, business or support units of the Group. Group Risk Committee (“GRC”) Oversees the climate risk profiles and asset quality in ensuring that climate risks undertaken are within prescribed levels. Separately, the GCC reviews the policies and procedures related to climate risk activities before submitting to GRC for endorsement. Group Credit Committee (“GCC”) Oversees all aspects of credit, market, and operational risk within the Group. GRM develops frameworks to integrate climate-related risks into governance processes, business strategies and operations. Additionally, GRM performs independent assessments of appraisals done by Business Units from a climate risk perspective, conducts climate risk scenario analysis and stress testing exercises, analyses and provides relevant reports to GRC, GBRC, and the Board, as well as offers advisory support to Business Units on climate related matters. Group Risk Management (“GRM”)
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