Page 95 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 93
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

SDG 12.2
Sustainable management and
use of natural resources
SDG 12.5
Substantially reduce waste
generation

SDG 12.6
Encourage companies to adopt
sustainable practices and
sustainable reporting

EnvironmEntal

ENVIRONMENTAL AWARENESS AND SUSTAINABLE the Bank continued to employ vendors that use recycled paper
ECOSYSTEMS and environmentally friendly ink for printing the packets to
support a sustainable ecosystem that will have a cascading
A monthly Environmental Awareness programme has been impact on encouraging businesses to champion green
introduced at Bank Muamalat to create growing awareness of practices.
our impact on the environment and affect positive behavioural
and culture change towards our natural environment across
SUPPORTING CLIMATE AND ENVIRONMENTAL
the Bank. As part of this programme, monthly digital bulletins
OBJECTIVES
on environmental issues are emailed to all Bank employees.
A Recycling Station, supported by posters on recycling, has
In April 2021, BNM issued a document on Climate Change
also been established at the cafeteria to encourage Bank
and Principle Based Taxonomy (“CCPT”) to encourage the
employees to adopt a more sustainable lifestyle and
financial institutions to play a more vital role to support climate
reduce waste. The project was completed on March 2021
and environmental objectives through their green financing,
and the weight of recycled items is being monitored to better
investment and advisory activities. The Bank fully supports
gauge the impact delivered through this initiative.
and embraces this new development, and has started to
identify customers to gauge their exposure on climate change.
By leading the change and slowly making these alternatives the
The purpose of the identification is to gauge how far the Bank
norm, we hope to bring improvement to the level of awareness,
has progressed in monitoring customers' journey towards
understanding and appreciation of sustainability practices into
embracing climate related objectives.
the Bank.
In addition to that, the Bank plans to review its risk
This mindfulness has led Bank Muamalat a step forward in
management framework to include climate related risks by the
engaging with vendors that adopt environmental initiatives
fourth quarter of FY2022. This is to fully embed climate related
and sustainable practices. We believe that just by making
objectives in the overall banking process and operations.
a different choice whilst keeping sustainability in mind, the
final aim of VBI can be realised. In 2021, for Raya packets,