KENANGA ANNUAL REPORT 2020

105 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD CLIMATE IMPACT We are continuously examining our internal operations to identify opportunities to achieve energy efficiencies. Environmental stewardship not only positively impacts the world we live in; it also lowers our operating costs and increases the efficiency of our business. Using Energy Efficiently We have embarked on an energy-saving plan to operationalise energy efficiency efforts in Kenanga Tower since we relocated to it in 2017. In 2020 we were able to observe further impacts of this plan, recording a 10.7% or 401,844 kWH reduction in total purchased electricity consumption. We do however acknowledge that the WFH policy in response to COVID-19 is likely to also have contributed to this reduction. As part of our efforts to improve energy efficiency, we have also invested in an enhanced chiller system in Kenanga Tower, designed to reduce energy usage while maintaining the temperature of the premises. This enhancement is targeted to save up to 53% in electricity costs, while extending the lifespan of our heating, ventilation and air conditioning systems. As of 2020, we are in the process of improving our data collection for Scope 3, and in future, we aim to expand this calculation to our GHG emissions. GHG Emissions Electricity Consumption 2017 2019 2018 2020 * Data for Kenanga Tower. * Our Scope 2 emissions figures are derived from purchased electricity consumption throughout Kenanga Tower, converted using emissions factors for the Peninsular Malaysian grid. Emissions factors were sourced from the Malaysian Green Technology Corporation’s 2017 CDM Electricity Baseline Final Report. Average monthly purchased electricity consumption* (kWh) 312,632 364,055 474, 588 279,145 Total purchased electricity consumption* (kWh) 3,349,740 5,595,020 3,751,584 4,368,660 Scope 2* Indirect GHG Emissions (tCO 2 e) 1,959.60 3,273.09 2,194.68 2,555.67 ENVIRONMENTAL Material Topics: We support Malaysia’s national emission reduction targets and in a commitment to manage and minimise our climate impact, we are working to conserve natural resources by managing our carbon footprint. Additionally, we promote environmental conservation and awareness amongst employees to enhance understanding of environmental issues and empower them as environmental stewards. Environmental Stewardship CLIMATE IMPACT 1.