Page 47 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 45
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

The following provides information on our material matters, how we have responded to the matters, the relevant stakeholders impacted and the
sections in this Report which disclose our response to the matters:

How We Define Them Relevant Topics
Ethics and Integrity • Compliance with all applicable laws and regulations by BNM, CCM and • Procurement
other relevant local authorities; IFSA, AMLA, PDPA etc Practices
• Compliance with the capital adequacy and liquidity guidelines as stipulated • Ethics and
by Basel III Integrity
• Commitment of ethical conduct and behaviour enshrined throughout the
organisation, from directors to officers
Economic • Bank’s strategic direction, operational activities and business and how they • Responsible
Performance create direct economic value to the society, as well as aligning to Malaysia’s Financing
Economic Plan • Entrepreneur
Development
• Economic
Performance

Entrepreneur • Strategies, initiatives and efforts help the underserved segments that drive • Responsible
Development the economy (i.e SMEs, MSMEs, Entrepreneur) Financing
and Responsible • Financing disbursed that satisfies the ESG criteria • Entrepreneur
Financing Development
• Financing that do not support unethical activity
• Economic
Performance

Procurement • Covers the practice of buying goods and services. This will include • Ethics and
Practices processing of a demand, receipt and payment approval Integrity
• This involves in ensuring Bank’s stable, fair and sustained supply chain • Procurement
through its SOP, initiatives, evaluation criteria and its vendor onboarding Practices
process
• This also discusses on the Bank’s effort to adopt social procurement
to ensure future vendors/ bank’s supply chain will not abuse local and
international human rights