60 ABOUT THIS REPORT WE ARE KENANGA LEADERSHIP STATEMENTS SUSTAINABILITY AT KENANGA KENANGA INVESTMENT BANK BERHAD SUSTAINABILITY REPORT 2023 ENVIRONMENTAL STEWARDSHIP We adopt a pragmatic approach to addressing climate impact that incorporates the management of climate-related risk factors across our business activities, products and services, as well as the reduction of environmental impact from our operations. We continuously strive to reduce the carbon footprint of our operations where possible and minimise wastage throughout our value chain to reduce the adverse impacts on the ecosystem and biodiversity. Our vendors are also expected to adopt sustainable business practices as guided by our Group Code of Conduct for Vendors. We encourage our employees to use resources responsibly, including electricity, water and paper. Our month-long interactive campaign, #GreenAtWork, is designed to raise awareness amongst our employees on the need to adopt an environmentally friendly mindset. OUR APPROACH WHY IT MATTERS Enhancing environmental stewardship is pivotal in conserving resources and mitigating environmental impact. Practices such as energy efficiency not only reduce operational costs but also lower carbon emissions, thereby helping in the fight against climate change. Moreover, ensuring water resource efficiency plays a vital role in conserving water, particularly in regions facing water scarcity challenges. Finally, advocacy for sustainability contributes to fostering broader societal change through educational initiatives and policy influence. We acknowledge its impact and role in facilitating the transition to a low-carbon economy. Aligned to our national ambition, the Group is committed to achieving net-zero emissions by 2050. MANAGING OUR CLIMATE IMPACT GRI 302, 303, 305, 306 We are delighted to announce our win of the ‘Energy Efficient Building in the Retrofitted Building’ category at the esteemed National Energy Awards (“NEA”) 2023. This prestigious recognition, conferred by the Ministry of Natural Resources, Environment, and Climate Change in collaboration with the Malaysian Green Technology and Climate Change Corporation, marks the culmination of dedicated efforts throughout the last two (2) years. Through a collaborative partnership with a Malaysian-based climate tech company, we implemented an advanced AI solution in the central air conditioning (“AC”) system, which significantly contributes to Kenanga Tower’s energy consumption. This overhaul, along with upgrades to the Air Handling Unit (“AHU”) and installation of energy-efficient lighting throughout the premises, resulted in an overall energy reduction in 2022. As we reflect on the progress we have made in such a short period of time, we reaffirm our commitment to continue driving sustainable practices and positive change within our enterprise and industry. We also remain steadfast in our pursuit of excellence and are committed to fostering a greener, more sustainable future for all. Kenanga Tower Wins ‘Energy-Efficient Retrofitted Building’ at National Energy Awards 2023 The Kenanga Group Procurement and Administration Team who continue to spearhead transformative initiatives to improve Kenanga Tower’s energy efficiency.
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