47 MANAGING OUR KEY ESG RISKS GOOD GOVERNANCE SUSTAINABLE ECONOMIC GROWTH ENVIRONMENTAL STEWARDSHIP EMPOWERING PEOPLE AND COMMUNITIES APPENDIX SUSTAINABLE ECONOMIC GROWTH Engagement with KIG Clients Through KIG, we maintain regular engagement with investee companies. Additionally, in 2023, we conducted in-depth engagement with a group of over 20 companies on ESG matters, including climate change. We are currently enhancing our Engagement Policy as part of our ongoing efforts to strengthen our ESG Framework in response to the ever-evolving demands of the sustainability landscape. Pledge to Preserve (“P2P”) Campaign The P2P Campaign is an ongoing initiative in collaboration with Animals Projects & Environment Education Sdn Bhd (“APE Malaysia”). APE Malaysia is a social enterprise focusing on improving animal welfare through the development of volunteering projects and educational programmes. The Restore Our Amazing Rainforest (“ROAR”) initiative, a reforestation initiative championed by APE Malaysia, aims to rejuvenate degraded habitats for endangered animals at its reforestation sites at Lower Kinabatangan River in Sabah. For each fresh investment contributed to KSS products, the investor would have one (1) tree sapling planted on their behalf by APE Malaysia. Kenanga Investors also matched the total number of trees planted from the campaign at the end of campaign period, as well as sponsored saplings on behalf of each Kenanga Investors employee. Since its inception in 2022, a total of 2,089 trees have been planted. Kenanga Futures Sdn Bhd (“Kenanga Futures”) actively promoted 10 Bursa Malaysia products, including the ESG-driven FTSE4Good Bursa Malaysia Index Futures, through its “Grow Your Futures” campaign in 2023. In conjunction with the campaign, Kenanga Futures offered an electric scooter as the grand prize, promoting awareness of environmentally friendly transportation options. Focus on Green Economy We continue to explore avenues to support a green economy through the mobilisation of capital and financial flows. Kenanga Private Equity Sdn Bhd (“KPE”), our private equity arm, actively strives to explore climate-friendly ventures, as well as companies with a strong ESG agenda. KPE has also incorporated the Climate Change RAC as part of its investment risk assessment strategy. Our Corporate Banking unit at Kenanga has started incorporating ESG factors into its lending and financing activities. In June 2023, we have completed screening for all our existing corporate loans, as guided by the CCRM Framework. As of 31 December 2023, approximately RM73.9 million (28%) of KPE’s portfolio are focused on the renewable energy sector. As of 31 December 2023, 7.4% of loan and financing portfolio amounting to RM44.6 million under Kenanga’s Corporate Banking division in green lending and financing are related to renewable energy, green technology, and climate change mitigation activities.
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