BIMB has practised sustainable finance through its long-standing products and services that encourage Shariah-compliant banking for businesses and consumers. The Value-based Intermediation Assessment Framework (“VBIAF”) has been a core reference for BIMB in developing its products and services and providing sustainable banking for all its customers. In 2021, BIMB committed to further strengthening its sustainable finance implementation by initiating the development of the ESG Risk Framework. The key aim of the Framework is to incorporate climate-related risks and impacts into the Group’s overall Risk Management Framework. This project is being carried out over two phases, beginning in 2021 where we carried out an ESG assessment and gap analysis of the existing ESG risk management framework. The project continues into 2022 where we aim to have a comprehensive ESG Risk Framework that embeds climate risk management into all aspects of banking including how we extend financing and encourage sustainable banking opportunities towards all our customer segments. Introduction to Sustainability at BIMB AT BIMB, WE BELIEVE THAT WE CAN AND SHOULD MAKE A POSITIVE DIFFERENCE TO THE SOCIETY AND ENVIRONMENT. PUTTING OUR IDEALS INTO ACTION, BIMB HAS COMMITTED TO SUSTAINABLE BANKING PRACTICES IN LINE WITH OUR SHARIAH BANKING COMMITMENTS AS THE FIRST PURE-PLAY, FULL-FLEDGED ISLAMIC FINANCIAL INSTITUTION LISTED ON BURSA MALAYSIA’S MAIN MARKET. INTEGRATED ANNUAL REPORT 202 1 Key Messages Overview Value Creation MD&A Sustainability Leadership Accountability Financial Additional Information 107
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