Page 33 - Exim iar24_Ebook

EXIM BANK MALAYSIA ANNUAL REPORT 2024

4 ENSURING SUSTAINABILITY 31

Roles and Responsibilities viii. Aligning Strategy with Sustainability
The Bank recognises the increasing importance of
The Sustainability Committee plays a pivotal role in driving supporting a transition to a low-carbon economy.
EXIM Bank’s sustainability agenda. Its core responsibilities Our climate strategy is anchored on three pillars:
include:
• Strategic Oversight: 1. Supporting a low-carbon and green-export
sectors through financing and advisory services.
Ensuring alignment of sustainability initiatives with 2. Managing climate-related risks and
the Bank’s strategic direction and overseeing the
implementation of the Sustainability Roadmap. opportunities across our financing portfolio and
operations.
• ESG Integration: 3. Aligning internal practices with national and
Embedding ESG principles into the Bank’s culture, global climate goals, including Malaysia’s Net
strategy, and operations. Zero ambition by 2050.
• Risk and Compliance:
Monitoring compliance with sustainability-related The Bank integrates climate risk considerations into
the business strategy, product design and customer
regulations and managing climate-related risks across
the Bank’s risk management framework. engagement, with particular focus on sectors
sensitive to transition and physical risks.
• Advisory and Action Planning: Through the development of our three-year
Recommending ESG metrics, targets, and action Corporate Strategy Plan (CSP) for FY2024-FY2026,
plans, while guiding the development of sustainability we emphasise on environment aspect as one of the
disclosures and reporting. key focus areas for the Bank. Our CSP will be centred
• Implementation Monitoring: on these four core pillars:
Tracking progress of sustainability initiatives through
the Sustainability Department Project Management
Office (PMO).
• Reporting and Governance:
Providing regular updates to EXCO and the Board and
reviewing ESG-related policies for endorsement by Governance
and
relevant governance bodies. Business Development Operational Environment
Mandate
vi. EXIM Sustainability Leads Excellence
To further strengthen and embed sustainable
practices across all levels of the organisation,
sustainability representatives—known as EXIM
Sustainability Leads (ESLs)—were appointed from
each department. These individuals serve as
champions of change, advocating for and promoting “Our commitment to
sustainability practices within their respective sustainability is not only a
departments. This initiative aims to cultivate a
stronger sustainability culture throughout the Bank. risk management
vii. Alignment to Bank Negara’s requirement
As a Development Financial Institution (DFI), imperative but also a
the Bank remain committed to complying with
the regulations and policies set by Bank Negara strategic opportunity to
Malaysia (BNM), including the Climate Change and
Principle-based Taxonomy (CCPT) and the Climate create long-term value
Risk Management and Scenario Analysis (CRMSA)
guidelines. In 2024, we conducted a comprehensive for our stakeholders while
gap analysis, and the identified gaps were addressed
in alignment with BNM’s expectations. contributing to the global
climate agenda.”