91 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 To strengthen its line of communication with the Shareholders, as mentioned earlier, the Board had in July 2021 designated Encik Jeremy Nasrulhaq as the Senior INED, to take heed of their concerns on matters related to corporate governance and the Group’s performance, amongst others. Sustainability Management Sustainability is increasingly becoming a necessity for corporations around the world to adopt and implement within their business operations to be sustainable. In cognisance of the importance of sustainability, the Board of KIBB had on 29 July 2021 established a Management level Group Sustainability Management Committee (“GSMC” or “the Committee”) to drive the sustainability agenda for Kenanga Group. Prior to the establishment of the GSMC, all sustainability related initiatives were under the purview of Group Marketing, Communications & Sustainability of KIBB. The objective of the GSMC is to support the Board in the governance of sustainability in KIBB Group including setting sustainability strategies, priorities and targets, to ensure that KIBB Group addresses sustainability risks and opportunities in an integrated and strategic manner to support its long-term strategies and success, by integrating sustainability considerations in the day-to-day operations of the Group and ensuring the effective implementation of the Group’s sustainability strategies and plans. In addition to the above, resources have been assigned to advance the Group’s ESG agenda through the establishment of a Sustainability Department with dedicated headcount. A Group Chief Sustainability Officer was also appointed in 2022 to: • Envision, drive and enhance sustainability value for all stakeholders; • Govern and deliver sustainability teams performance; • Inspire and drive the organisation sustainability culture; • Secure and optimise resources for the organisation; and • Establish networking and partnerships at organisation level. Sustainability Plan In embarking on its sustainability journey, on 13 September 2021, a Sustainability Plan was presented to the GSMC to outline the Group’s key sustainability priorities, which was later tabled at the GNC and approved by the Board of KIBB on 28 October 2021. Kenanga’s ESG Framework In addition to the above, GSMC had also recommended to the GNC for the Board’s approval, Kenanga’s ESG Framework which provided 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) key focus areas. Sustainability Pillar Key Focus Areas Sustainable Economic Growth • Responsible Investment • Digitalisation Environmental Stewardship • Climate Impact Empowering People and Communities • Diversity, Inclusion and Well-Being • Community Investment Good Corporate Governance • Good Business Conduct Kenanga Group Sustainability Goals and Targets In April 2022, guided by the Group’s ESG Framework and Sustainability Plan, a ‘Group Sustainability Goals and Targets’ was presented to the GSMC by Group Marketing, Communications & Sustainability of KIBB, outlining the sustainability goals and targets for the Group, which was approved by the Board of KIBB on 6 April 2022, upon recommendation of the GNC. Kenanga’s Sustainability Roadmap 2023-2025 Subsequently, upon the recommendation of the GSMC and the GNC, the Board of KIBB, had on 7 December 2022, approved the Group Sustainability Roadmap 2023-2025, outlining the sustainability goals and targets for the Group for the next three (3) years. Integration of ESG Targets and Metrics into the Employees’ Balanced Scorecards Following the approval of the Group’s Sustainability Roadmap 2023-2025, relevant ESG Key Performance Indicators (“KPIs”) were developed and incorporated into the Balanced Scorecards of relevant employees to track and monitor ESG performances. CORPORATE GOVERNANCE OVERVIEW STATEMENT
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