37 How We Are Governed Financial Statements Shareholders’ Information Additional Information Expanding Sustainable Investment Products In line with our commitment to increase SRI-linked funds, KIG launched two SRI products in 2021: Supporting Green Economy We actively participate in green financing to support the growing needs of companies whose core business functions are related to green economy such as Next Green Global Berhad, a non-wood green pulp and paper producer using zero-waste technology and renewable energy. As of 31 December 2021, Corporate Banking holds 5% of its total lending/financing portfolio in green lending and financing related to renewable energy, green technologies and climate change mitigation efforts. As of 2021, Kenanga Private Equity’s (“KPE”) green investments make up approximately 28% of its total portfolio. To further extend its support towards green investments, KPE will be incorporating the Climate Change RAC into its investment evaluation in 2022. For more information on our responsible investment strategies, initiatives and progress, please refer to pages 33 to 37 of our Sustainability Report 2021. Kenanga Waqf Al-Ihsan Fund Kenanga Sustainability Series: Frontier Fund Launched in April 2021, the Kenanga Waqf Al-Ihsan Fund is a philanthropic-based vehicle that invests in a diversified portfolio of Shariah-compliant investments. Launched in October 2021, the fund aims to invest primarily in equity securities of global cutting-edge, innovative companies with long-term sustainable growth potential. Fostering Partnership for Islamic Social Financing In November 2021, KIG was appointed as the Fund Manager for the Dana Wakaf Bencana (“Emergency Waqf Fund”), an emergency relief fund launched to channel resources to those affected by climate change-related disasters as well as pandemics. A strategic collaboration between government-linked agencies and the private sector, the initiative is aligned with the SC’s Islamic Fund and Wealth Management Blueprint introduced in 2017, and the Waqf-Featured Fund Framework established in 2020, which aim to support the development of the Islamic social finance segment. We believe that with this partnership, we will be able to drive impact investing through Islamic finance to greater heights in the country.
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