We expanded our support for microentrepreneurs in 2024 by introducing the Hab Usahawan iTEKAD. These hubs, established across six states in Malaysia, are designed to empower the asnaf and B40 communities. We expanded our support for microentrepreneurs in 2024 by introducing the iTEKAD Entrepreneur Hub. These hubs, established across six states in Malaysia, are designed to empower the asnaf and B40 communities. It offers skills training, business coaching, and networking opportunities for aspiring entrepreneurs, fostering an ecosystem of growth and collaboration. This initiative is a testament to our commitment to local community development, leveraging partnerships with institutions such as universities to provide microentrepreneurs with accessible and practical resources within their immediate reach. Aligned with the principles of Maqasid Shariah, proceeds from the philanthropic capitals of Sadaqa House are reinvested into development programmes across five key impact pillars: education, infrastructure, livelihood improvement, healthcare, and community support. In 2024, I am proud to share that the total contributions to these programmes have more than RM4.1 million. Additionally, our Sadaqa House Orphan Fund continued to expand in scale and impact, with RM1.38 million invested in educational initiatives, infrastructure improvements, and more. These initiatives stand as a powerful testament to the transformative potential of social finance when strategically managed and effectively channelled. They embody the values we hold close and reflect our commitment to driving meaningful and lasting impact. TAKING ACTION FOR THE PLANET At Bank Islam, our longstanding commitment to social responsibility has always been the foundation of our values. We embrace our role as an industry leader in climate action, supporting climate-friendly transitions while advancing our decarbonisation journey. I’m proud to announce that as part of our LEAP25 transformation plan, we set an ambitious target of RM4 billion in green financing by 2025. I am proud to share that not only did we achieve this goal ahead of schedule, but we surpassed it in 2023 – two years ahead of plan. This accomplishment highlights our unwavering commitment to sustainability and our ability to drive meaningful change. Through this initiative, we’ve enabled Malaysian businesses to adopt sustainable practices, from efficient waste and water management to solar energy adoption and the use of cutting-edge, energyefficient technologies. Guided by Maqasid Shariah, our enhanced sustainability governance framework drives us beyond compliance – proactively maximising positive impact and preventing harm, closely aligning with principles that prioritise the public good. As part of this commitment, we aim to achieve operational carbon neutrality (Scopes 1 and 2) by 2030 and net-zero emissions by 2050. Over the past few years, we introduced climate-focused committees, including the Climate Risk Committee, which oversees all climate risk management processes. We also established the Climate Risk Unit, which brings together subject matter experts to drive excellence in our climate-related practices. Taking the next step in this journey, we established the Group Sustainability Division in 2024, led by our Group Chief Sustainability Officer (GCSO). This dedicated division brings specialised expertise, ensuring that our sustainability and climate-related initiatives are managed in a focused and data-driven manner, enabling continuous improvement across group-wide ESG efforts. However, effective governance and management are only part of this equation. I am pleased to share that in 2024, the management has made considerable effort to upskill employees at all levels. Sustainability and climaterelated training were made mandatory, and our climate-related risk management training was integrated into the operational risk e-learning programme. We established targeted training for employees in specific roles, such as operational risk controllers and business continuity coordinators. We also held specialised briefings for supply chain partners in an effort to ensure our sustainability principles extend across our ecosystem. Sadaqa House social impact projects contributions exceeded RM4.1 million in 2024 17 w w w . b a n k i s l a m. c o m 01 02 KEY MESSAGES 03 04 05 06 07 08 09
RkJQdWJsaXNoZXIy NDgzMzc=