Kenanga Investment Bank Bhd, today became the first Malaysian investment bank, to join the world’s largest corporate sustainability initiative, the United Nations Global Compact, demonstrating its commitment to The Ten Principles of the UN Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.
Kenanga joins a global network of voluntary companies committed to taking responsible business action to create a better future. Launched in 2000, the UN Global Compact consists of over 12,000 companies and 3,000 non-business signatories based in over 160 countries around the world, and more than 70 Local Networks.
“To move the needle on sustainability is a shared responsibility and requires the concerted efforts of players in every sector. As the first Malaysian investment bank participant, we hope to be able to contribute and learn in equal measure, and aim to punch above our weight to deliver impact that matters,” said Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Bhd.
A home-grown brand with almost five decades of experience, Kenanga has been accelerating its adoption of ESG aspects within its operations. As part of its climate action pathway, the Group has set a target to operate on 100% green energy by 2025, in line with Malaysia’s commitment to becoming a carbon-neutral nation by 2050.
“In addition to climate impact, our sustainability agenda also focuses on diversity, inclusion and well-being of our workforce, community investment, responsible investment, digitalisation and good business conduct. We look forward to the capacity building and networking opportunities from this collaboration with UN Global Compact, which will serve as the impetus for us to further advance our contribution towards the UN Sustainable Development Goals,” Datuk Chay added.
