103 How We Are Governed Financial Statements Shareholders’ Information Additional Information Kenanga’s ESG Framework In addition to the above, GSMC and the Board had also approved Kenanga’s ESG Framework which provides guidance on sustainability plans, setting priorities and targets, as well as managing sustainability performances throughout the Group. The Framework covers four (4) sustainability pillars below with identified six (6) material matters. Sustainability Pillar Material Matters Sustainable Economic Growth • Responsible Investment • Digitalisation Environmental Stewardship • Climate Impact Empowering People and Communities • Diversity, Inclusion and Wellbeing • Community Investment Good Corporate Governance • Good Business Conduct Kenanga Group’s Climate Change Risk Management Framework On 9 December 2021, the Board had approved Kenanga Group’s Climate Change Risk Management Framework to facilitate the incorporation of climate change-related risk considerations into the governance process, business strategy and operations, reporting and disclosure, as well as risk management system of Kenanga Group. The climate change risk to be managed by the Group shall be governed by the existing risk governance structure that involves the Board, Board Committees, Management Committees, Business Units and Group Risk Management. The Climate Change Risk Management Framework supports these efforts by facilitating robust and consistent assessments of economic activities and the impact on climate and the environment. The Framework also covers the sustainability strategy, principles, initiatives and performance of Kenanga Group and focuses on the issues that the Group have determined to be of greatest importance with regard to climate change. The Group is currently finalising its sustainability targets in line with the approved Kenanga’s ESG Framework. These targets, once approved, will be announced in the Company’s inaugural standalone Sustainability Report 2021. DIRECTORS’ RESPONSIBILITY STATEMENT IN RESPECT OF THE PREPARATION OF THE AUDITED FINANCIAL STATEMENTS (Pursuant to Paragraph 15.26(a) of the MMLR) The Board is fully accountable for ensuring that the Audited Financial Statements are prepared in accordance with the Companies Act 2016 and the applicable approved accounting standards set out by the Malaysian Accounting Standards Board so as to present a true and fair view of the state of affairs of the Group and of the profit and loss and cash flow as at the end of the accounting period. In preparing the Audited Financial Statements, the Directors are satisfied that the applicable approved accounting standards in Malaysia have been complied with reasonable and prudent judgment and estimates have been made. The Audited Financial Statements are also prepared on a going concern basis, as the Board has a reasonable expectation, after having made enquiries that the Group has adequate resources, to continue its operational existence in the foreseeable future.
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