Page 38 - EXIM-Bank_Annual-Report-2023

EXIM BANK MALAYSIA
36 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
SUSTAINABILITY

GOVERNANCE

We believe effective governance is crucial to achieving our ALIGNMENT WITH BANK NEGARA MALAYSIA’S
sustainability goals. We have set up a Sustainability Committee REGULATIONS
that reports to the Executive Committee and is responsible for
implementing the Bank’s sustainability activities and initiatives. As a DFI, we are committed to observing and adhering to
regulations and policies set by Bank Negara Malaysia (BNM),
In July 2023, we appointed the Chief Risk Officer as the including the Climate Risk Management and Scenario Analysis
designated senior management personnel responsible for (CRMSA) guidelines. In 2023, we submitted a Board-approved
oversight of climate-related risks.
CRMSA gap analysis and implementation plan to BNM. We are
actively working to bridge any gaps and meet BNM’s guidelines.
INTEGRATING SUSTAINABILITY THROUGHOUT
OUR ORGANISATION ALIGNING STRATEGY WITH SUSTAINABILITY

To strategically integrate sustainability into our core In 2023, we realigned our strategic priorities as part of our
objectives, we established a dedicated Sustainability corporate strategic planning process. This resulted in the
Department under the Strategy Office in June 2023. Led by development of a three-year Corporate Strategy Plan (CSP) for
the Chief Strategy Officer, this department ensures our FY2024-FY2026 that emphasises sustainability as a key focus
sustainability goals align with our overall strategic vision, area for the Bank. Over the next three years, our CSP will be
maximising our impact on sustainable development and centred on four core pillars:
responsible financial practices.

EXIM SUSTAINABILITY LEADS: CHAMPIONS
OF CHANGE

At the working level, in June 2023, we appointed sustainability Developmental
representatives from each department within the Bank. These 1 Business 2
EXIM Sustainability Leads (ESLs) champion and implement Mandate
sustainability initiatives internally. They also act as information
conduits within their respective departments. With the ESLs in
place, we aspire for their roles to include:
• Facilitating training sessions to raise awareness among
colleagues.
• Advocating for sustainability policies.
• Engaging with external stakeholders.
• Cultivating a stronger sustainability culture. Governance
and
• Contributing to reducing our carbon footprint. 3 Operational 4
• Actively engaging employees in sustainability initiatives. Environment
Excellence
OUR SUSTAINABILITY FRAMEWORK:
A GUIDING COMPASS

We believe in continuous improvement. To further strengthen
our sustainability governance, we established a Sustainability
Framework approved by the Board of Directors in November As part of our commitment to continuous improvement,
2023. The Sustainability Framework outlines our purpose, goals, we conducted a comprehensive assessment of our current
and targets for promoting social resilience and safeguarding sustainability practices in 2023, benchmarking against regulatory
the environment, and serves as a compass for our sustainability requirements and best practices.
aspirations. The Framework also represents a convergence of
sustainability and Islamic principles contained in the Quran and The result of this exercise is the development of a 4-year
sunnah. This is aligned with our Islamic First policy and our aim Sustainability Implementation Roadmap (2024-2027). This
to harmonise sustainability and Islamic Finance. And we are roadmap outlines short-term, medium-term and long-term
proud to claim that we are amongst the first to do this, despite action plans across five key areas: Governance, Strategy,
not being a fully Islamic Finance Institution yet. Risk Management, Operations, and Performance Monitoring.