Our sustainability journey is guided by our Sustainability Strategy and Sustainability Framework. The Framework outlines how we can:
Consider wider context of market conditions
Create positive impact while reducing negative impact
Better respond to stakeholder concerns
RHB’s Sustainability Journey Over The Years
Pre-2018: Started with the ‘Social’ component - Corporate Responsibility
Pre- 2018
Became a constituent of the FTSE4Good Bursa Malaysia (FY2016)
Identified sustainability material matters
Embedded ESG in RHB Board Charter
Produced first Sustainability Report (FY2017)
2018: Formally embarked on sustainability
2018
Developed the RHB Banking Group Sustainability Framework
Enhanced Sustainability Report in accordance with GRI Standards
Institutionalised corporate responsibility with the establishment of the RHB Foundation
Promoted environmental practices by managing operational footprint
Moved to A rating (Average) in MSCI ESG Ratings
Remained a constituent of the FTSE4Good Bursa Malaysia Index
2019: Institutionalised sustainability
2019
Refreshed the RHB Banking Group Sustainability Framework
Enhanced disclosure by disclosing our approach to sustainability on our corporate website
Aligned the Group’s sustainability focus areas with six prioritised UN Sustainable Development Goals (“UN SDGs”)
Integrated ESG considerations into the Group’s risk management practices and decision-making process
Established RHB’s RM5 billion Green Financing Commitment
Participated in regulator-industry-led committees such as the Joint Committee on Climate Change (“JC3”)
Became a member of the Value-based Intermediation (“VBI”) Community of Practitioners
Produced RHB Banking Group’s first Integrated Report
Moved to AA rating (Leader) in MSCI ESG Ratings
Remained a constituent of the FTSE4Good Bursa Malaysia Index
2020: Getting our house in order and Integrating ESG
2020
Identified and formalised Sustainability Sponsors, Champions and Sustainability Working Groups
Aligned RHB Banking Group’s sustainability initiatives and achievements with six prioritised UN SDGs
Adopted soft approach to Task Force on Climate-Related Financial Disclosures (“TCFD”) for climate-related disclosures
Expanded operational Greenhouse Gas (“GHG”) inventory and reporting to West Malaysia
Launched first recycled debit card in Asia Pacific Accreditation Cooperation (“APAC”)
Improved S&P Global ESG score to 43/100
Maintained AA rating (Leader) in MSCI ESG Ratings
Remained a constituent of the FTSE4Good Bursa Malaysia Index
Rated Top 25% by ESG Ratings among public listed companies in FTSE Bursa Malaysia EMAS Index
Improved disclosure in our Integrated Report, resulting in winning Gold at the National Annual Corporate Report Awards (“NACRA”) 2020 in the
Excellence Award for “Companies with more than RM10 billion in market capitalisation” category
2021: Culture-building and acceleration
2021
Enhanced Sustainability Governance structure
Rolled out the RHB Banking Group Sustainability Framework to all regional offices
Launched four SRI-qualified ESG funds
Expanded operational Greenhouse Gas (“GHG”) inventory and reporting across the Group
Approved the Group’s 5-year (2022-2026) Sustainability Strategy and Roadmap
Developed Group Climate Action Programme (“GCAP”)
Maintained AA rating (Leader) in MSCI ESG Ratings
Remained a constituent of the FTSE4Good Bursa Malaysia Index
Rated Top 25% by ESG Ratings among public listed companies in FTSE Bursa Malaysia EMAS Index
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