SUSTAINABILITY COMMITMENTS Translating vision into action, we have established five Sustainability Commitments. These commitments streamline our focus towards important and measurable future outcomes, uniting our teams behind a clear vision of what a sustainable future looks like at Bank Islam. Commitment 1: Mitigate Exposure to High Sustainability Risk Sectors, including Coal, by 2030 • Developed the Group Sustainability Policy to address sustainability-related matters more wholly and drive alignment with our commitment to mitigating exposure to high sustainability risk sectors by 2030. • Completed our gap analysis and action plan relating to the recommendations of BNM's 2024 CRST Exercise Methodology Paper. • Formulated climate mitigation strategies, leveraging insights from the CRST exercise and using the construction as the pilot sector. Commitment 2: To Grow Sustainable Finance to RM28 billion by FY2025 • Revised our target for Sustainability Commitment 2, aiming to grow our sustainable finance portfolio to RM28 billion by FY2025. • Achieved a total of RM25.7 billion in sustainable finance, encompassing total financing and treasury assets. • Increased our disbursement of financing across key areas including waste and water management, solar energy, EVs and more. • Expanded our facilitation of corporate Sukuk issuances with a focus on positive ESG impact. • Expanded the reach and uptake of Shariah-ESG investment funds through BIMB Investment. Commitment 3: Achieve Carbon Neutrality in Operational Conduct (Scope 1 and 2 Emissions) by 2030 and Achieve Net Zero by 2050 • Reduced energy consumption by 2,841,781.32 MJ. • Scaled-up implementation of energy-efficient and renewable energy solutions, including the installation of solar panels in more of our branches and facilities, the retrofitting of LED lights at our branches and facilities, and the management of centralised air conditioning. • Continued to monitor our Scope 1 and 2 emissions with a view to identifying more opportunities for emissions reductions. • Formulated a desktop estimation of our carbon reduction targets for the period of FY2024 to FY2030. Commitment 4: Advocate real economy and nurture community upward mobility through entrepreneurship, ecosystem play and social finance • Increased disbursements under our iTEKAD microfinancing programmes, benefitting 413 individuals with RM12.3 million in funding. • Continued to build a strong pipeline of microentrepreneurs through our funding escalator programmes, which target business owners in the pre-commercialisation stage. • Partnered with a range of organisations to expand the reach and impact of iTEKAD. • Increase social finance beneficiaries from 200 to 3,000. Related UNSDGs FY2024 Developments Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 124 Sustainability Statement
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