Kenanga the first Malaysian investment bank to join UN Global Compact

Kenanga group managing director Datuk Chay Wai Leong

KUALA LUMPUR: Kenanga Investment Bank Bhd has joined 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.

“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," Kenanga group managing director Datuk Chay Wai Leong said in a statemnent.

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," Chay said.

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