In 2024, the Group undertook a detailed review of 50 initiatives, supported by 15 lead divisions actively monitoring and evaluating progress. This collaborative effort ensures alignment with strategic objectives and reflects Bank Islam’s commitment to upholding the highest standards of governance and integrity. Looking forward, the introduction of the National Anti-Corruption Strategy (NACS) is expected to further guide and enhance the OACP’s governance framework. ANTI-BRIBERY MANAGEMENT SYSTEM (ABMS) ISO:37001 31 August 2023, Bank Islam proudly became the first fullservice Islamic financial institution in Malaysia to achieve ABMS ISO 37001 certification, setting a new benchmark in the industry. This recognition underscores the Group’s commitment to combating bribery and promoting ethical business practices. The ISO 37001 standard provides a comprehensive framework to enhance anti-bribery efforts, enabling the Group to prevent and address bribery risks effectively while upholding the highest standards of governance and integrity. To ensure continued compliance, the certification process includes annual Internal Surveillance Audit by ABMS Ambassadors and annual Surveillance Audit by the external Certification Body, Anti-Bribery Anti-Corruption Center of Excellence (ABAC). These efforts are further supported by the establishment of ABMS Guidelines, which outline the processes, responsibilities, and policies required to maintain adherence to the standard. In 2024, the Group completed the ABMS Year-2: Internal Surveillance 1 Audit, reviewing 18 stakeholders to ensure alignment with ABMS requirements. Meanwhile ABAC has conducted ABMS Year-2: Surveillance 1 Audit from 19 to 23 August. This audit, which covered ten (10) stakeholders, including IGD, was concluded with no non-conformities or opportunities for improvement, reaffirming the Group’s compliance with ISO 37001. These achievements reflect Bank Islam’s unwavering dedication to strong governance practices and adherence to international anti-bribery and corruption standards. SUSTAINABILITY MANAGEMENT The Group Sustainability Policy defines the roles and responsibilities of the Board, Management, and all levels of the organisation in realising our commitment to sustainability and addressing the impacts of climate change on our business, customers and stakeholders. The Policy ensures that sustainability risks, including environmental, social, governance (ESG), and climate-related risks, are effectively identified, assessed, and managed in a timely manner. It also promotes transparency through comprehensive disclosures and reporting while fostering a culture of accountability across the organisation. Aligned with the Group’s mission to elevate risk management capabilities, culture, and practices in accordance with internationally accepted standards, the Sustainability Policy enables effective monitoring and management of sustainability risks across internal banking operations and external exposures. This includes financing activities, banking products and services, and investment portfolios. The integration of sustainability considerations into our risk management framework strengthens our ability to mitigate ESG and climate-related risks, ensuring responsible business practices that support long-term resilience and sustainable growth. Board The Board holds the ultimate accountability, ensures shareholder value and stakeholder interests are protected, and provides oversight and approval of sustainability matters such as climate change and social impacts. The Board delegates specific oversight to dedicated committees: the Board Strategic and Sustainability Committee (BSSC) guides the Group’s overall sustainability strategy, and the Board Risk Committee (BRC) oversees management of all risks, including those related to climate and sustainability. Other board committees also contribute to sustainability oversight within their existing mandates. 259 www . b a n k i s l am. c om 01 02 03 04 05 06 07 ACCOUNTABILITY 08 09
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