Page 29 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
MESSAGE FROM LEADERSHIP

A comprehensive
Climate Risk
Management
Framework has been
developed in line with
BNM Climate Change
and Principle-Based
Taxonomy Guidance,

outlining the Bank’s
approach to managing
climate risks across
business activities and
operations.

Our Enterprise Risk Management (ERM) Framework has also been aligned with CREATING GROWTH
our sustainability goals. By integrating ERM with the Bank’s strategy and activities, OPPORTUNITIES
we ensured that sustainability considerations are embedded into our
With business transformation in place,
decision-making processes. This holistic approach allows us to proactively manage
a culture transformation roadmap was
risks and seize opportunities related to sustainability.
developed during the year to guide
our team towards high performance.
CONTRIBUTING TO CLIMATE RESILIENCE GOALS
This focuses on embedding values
Climate change is also a growing concern. To this end, the Bank become a member of integrity, employee development,
of the Joint Committee on Climate Change (JC3) during the year. This is a and teamwork into every aspect
collaborative platform dedicated to building climate resilience within the Malaysian of our operations from strategic
financial sector. Through JC3, we engage in collective actions aimed at mitigating decision-making to daily interactions.
climate risks and promoting sustainable finance. By embedding our values, we
create a thriving environment
In addition, a comprehensive Climate Risk Management Framework has been where our employees can excel and
developed in line with Bank Negara Malaysia’s (BNM) Climate Change and our stakeholders can trust in our
Principle-Based Taxonomy Guidance, outlining the Bank’s approach to managing commitment to excellence. More
climate risks across business activities and operations. By integrating climate than just a set of values, we intend to
considerations into our risk management processes, we enhance our resilience embed this culture as a way of life
and ability to contribute to a sustainable future by ensuring that we are at the Bank in how we conduct
well-equipped to navigate the challenges posed by climate change. business, interact with clients, and
support our communities.

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