In FY2024, some of our Board members attended the TH Group Summit 2024 – “Business Transformation Towards Sustainability”, where they learned best practices in the adoption of sustainability from other companies within the Tabung Haji ecosystem. This further enriched their perspectives on sustainability, which had previously been developed through attendance of training programmes covering topics pertinent to sustainable operations and sustainable finance, such as “Leveraging ESG for Sustainable Retention”. Reflecting the importance of sustainability to our long-term success, sustainability skills forms a component of our Board skills matrix within the Board Effectiveness Evaluation (BEE), wherein Board members are evaluated on their: Senior Management-level Training To equip Senior Management with the knowledge and skills necessary to drive our sustainability agenda, we introduced the Bank Islam Sustainable Finance Transformation Programme during the year. This programme, delivered by the Asian Banking School (ABS) in collaboration with the Institute of Green Finance (IIGF) of the Central University of Finance and Economics (CUFE), Beijing, China, aimed to enhance Senior Management’s understanding of these areas by analysing challenges, reviewing best practices, and developing workable solutions for the Malaysian context. The programme covered key areas such as green finance, transition finance, biodiversity finance, and green inclusive finance. Valuable insights were gained through case studies on China’s green initiatives, site visits to institutions like China Construction Bank, and discussions on local innovations in green finance. Employee-level Training In 2024, we implemented a suite of training programmes to strengthen employee understanding of climate risk and integrate climate risk management controls into our daily operations. This involved incorporating climate-related risk management into our mandatory annual operational risk e-learning programme for all employees. Recognising the need for specialised knowledge, we provided targeted training for operational risk controllers and business continuity coordinators. These sessions equipped them with the necessary tools and expertise to effectively identify and manage climate risks within their roles. Furthermore, specialised briefings were conducted for outsourcing activity owners and outsourcing service providers to raise awareness of climate change and the Group’s Sustainability Commitments. These sessions included an introduction to sustainability concepts and guidance on utilising the climate-adjusted outsourcing materiality risk assessment tool. We partnered with the ABS to offer the Green Finance Advisor certification to 86 frontline employees across Corporate, Commercial, and SME Banking, as well as credit staff. At the same time, we recognise that sustainability forms only part of a broader blend of diverse skills that are necessary for effective governance. In line with this, our annual evaluation exercise encompasses a detailed skill gap analysis aimed at identifying specific skillsets that are lacking within the Board. These gaps are then prioritised when appointing new Board members. Ability to infuse environmental and social considerations into their decision-making processes. Ability to undertake reviews of our sustainability strategies and future roadmap. Understanding of climate-related risks and other sustainability risks, and ability to assess the potential impact of such risks to our business and stakeholders. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 120 Sustainability Statement
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