26 KENANGA INVESTMENT BANK BERHAD SUSTAINABILITY REPORT 2023 ABOUT THIS REPORT WE ARE KENANGA LEADERSHIP STATEMENTS SUSTAINABILITY AT KENANGA MANAGING OUR KEY ESG RISKS Driving Industry Progress on Sustainability Strengthening the Board’s and Senior Management’s Oversight on Climate-related Matters The Board Charter and the Terms of Reference (“TOR”) of our Board Committees (including GNC, AC, GBRC) and Management Committees (including GRC) were updated to further reflect existing oversight practices of roles and responsibilities in managing climate risks. In addition to that, we have also updated the climate risk policy to formalise the frequency of the presentation of climate risk to the Board for deliberation and evaluation. In 2023, the Board convened twice to discuss climate-related issues, which included: Our Senior Management participation in industry committees related to mitigating climate change and driving sustainability progress further solidifies our sustainability leadership and enables us to participate in climate-related policy decision-making, and shape conversations around climate change. DATUK CHAY WAI LEONG Group Managing Director of Kenanga Investment Bank Berhad Chairman of the Group Sustainability Management Committee • A member of Sustainable and Development Committee, a Board Committee of Bursa Malaysia. The Committee oversees the development and implementation of sustainability strategies, as well as to ensure key initiatives are in line with the Malaysian Code on Corporate Governance • Board of Director of Securities Industry Development Corporations (“SIDC”), a company sponsored by the Securities Commission and Bursa Malaysia as a capital market learning and development solutions provider for industry participants in Malaysia DATUK WIRA ISMITZ MATTHEW DE ALWIS Chief Executive Officer/ Executive Director of Kenanga Investors Berhad • A member of Joint Committee on Climate Change (“JC3”), which is a collaborative effort initiated by BNM and the SC to unite industry representatives in building climate resilience of the financial sector in Malaysia • Vice Chairman of the Institutional Investors Council (“IIC”) Malaysia • A member of Bursa Malaysia Securities Market Consultative Panel • A member of the Sustainable Investment Platform Steering Committee – Malaysia Sustainable Investment Initiative • Chairperson of the Malaysian Association of Asset Managers Review of the Climate Change Risk Management Framework (“CCRM Framework”) Progress updates on implementation plan for Climate Risk Management and Scenario Analysis Updates on the Group’s climate-related targets and initiatives Key regulatory updates on climate-related risk management
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