Opportunities Our Approach • Transitioning to renewable energy sources, including solar. • Adopting energy-efficient practices and processes across our business. • Leveraging data and analytics to drive comprehensive and transparent carbon footprint monitoring and reporting. • Minimising our environmental impact through resource management, waste reduction and water conservation strategies. • Introducing financing products and solutions to support the adoption of lowcarbon technologies and practices. • Engaging with our stakeholders, including our suppliers, to raise awareness of climate change and drive the adoption of low-carbon practices. • Maintaining our commitment to not financing coal projects. Our Approach • Promoting mental, physical and spiritual wellness through our Live Well programme. • Providing opportunities for recreational activities via Kelab Bank Islam. • Maintaining a comprehensive framework to manage occupational safety and health that involves key personnel and committees across all workplaces, allied with training and development programmes. • Nurturing a supportive culture through our WOW (Won’t Judge, Open, Win Together) Conversations framework, flexible working arrangements and facilities such as our Mother’s Room and Taska Bank Islam. • Conducting bi-annual pulse surveys to canvass employee feedback and drive improvement. Risks • Risk of non-compliance to evolving climate-related and environmental regulatory requirements. • Misalignment with customers on importance and approach to climate-related and environmental risks could lead to dissatisfaction and loss of business. • Investments in sustainable and climate-friendly technologies could result in short-term cost increases. • Potential reputational, legal and financial impacts should our response to climate change be deemed as inadequate. Risks • Exposure to workplace safety and health hazards could lead to injuries or fatalities. • Any such instances would cause significant reputational and financial damage for the bank. • Insufficient action to enhance well-being, health and safety could lead to employee dissatisfaction, driving higher attrition rates. Emissions and Environmental Impact EEI Employee Well-being, Health and Safety EHS Why It Is Important As a leading Islamic financial services provider that prioritise integration of promoting the welfare of humanity and preventing harm through Maqasid Shariah principles, we have a responsibility to enable the shift towards a more sustainable livelihood in the global fight against climate change. This includes reducing our operational emissions and offering financial solutions that support sustainable investments and business practices. Why It Is Important The level of satisfaction and sense of security that our employees feel directly impacts their productivity and impact at work. Beyond business outcomes, our responsibility to our employees is rooted in the principles of Maqasid Shariah, placing the holistic well-being of our people at the heart of our purpose as an organisation. • Supporting the climate action journeys of businesses across Malaysia, and thereby creating long-term value for the nation. • Embedding ESG risk assessment across all stages of our lending and investment processes to further minimise negative outcomes. • Forging an organisational culture that prioritises and promotes climate action and sustainability. Opportunities • Establishing ourselves as an employer of choice by prioritising well-being, health and safety. • Harnessing the potential of our employees, driving productivity and innovation. Link to: Capitals FC IN NT SP Strategic Focus Areas EM CU CR IV Our Key Stakeholders Link to: Capitals FC HU SR VBC Strategic Focus Areas EM Our Key Stakeholders UNSDGs: UNSDGs: Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 52 Material Matters
RkJQdWJsaXNoZXIy NDgzMzc=