Kenanga Group First Malaysian Investment Bank to Join the UN Global Compact Network

KUALA LUMPUR, MALAYSIA
– Media OutReach – 9
December 2021 – Kenanga Investment Bank Berhad
(“Kenanga”), today became the first Malaysian investment bank, to join the
world’s largest corporate sustainability initiative, the United Nations Global
Compact (“UN 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.

Datuk
Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad 

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.

“We are proud to have been invited to be a part of the
UN Global Compact. 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 Berhad.

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 become 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.

Responding to the UN Global Compact’s 10th Principle
which emphasises the need for businesses to work against corruption in all its
forms, Kenanga recently completed its 5^th annual flagship fraud
awareness campaign, an initiative that was graced by Tan Sri Azam Baki, the
Chief Commissioner of Malaysian Anti-Corruption Commission (MACC) and Dato’ Sri
Akhbar Satar, President of the Malaysian Association of Certified Fraud
Examiners (MACFE). The programme united over 500 internal and external delegates from
various regulatory bodies, professional bodies and public listed companies, in
a move to promote the fight against fraud, bribery and corruption. 

To learn more about Kenanga, visit www.kenanga.com.my.