AmBank Group is a leading Malaysian financial services group serving approximately three million customers. We are the sixth-largest banking group, with a market capitalisation of more than RM12 billion as at 31 March 2023.
We recognise that individual and corporate responsibility constitute the foundation of a sustainable society and is an important part of how we conduct our business. As a financial institution, we impact the environment directly through our activities and operations and indirectly through the services we provide to our clients.
This Policy sets out the key principles that the Group has adopted to operate in a manner that is environmentally conscious and socially responsible:
Principle 1
We are committed to meet all our environmental compliance obligations such as
relevant environmental legislation, regulations, and standards to which the Group
subscribes.
Principle 2
We are committed to the protection of the environment including the prevention of pollution. To this end, we will strive to minimise our operational impact by reducing our carbon footprint from energy consumption and business travel and promoting the sustainable use of natural resources. We will implement programmes to use energy and water more efficiently while adopting good energy and water management
practices. We will endeavour to eliminate and minimise waste and ensure the
management of materials and disposal of waste is done in an environmentally
responsible manner.
Principle 3
We aspire to continuously improve our environmental performance in ways that are commercially viable and valued by our Stakeholders. We shall achieve this by setting environmental objectives and targets at relevant functions and levels, considering significant environmental matters and associated compliance obligations, and implement actions to achieve these objectives. Performance will be monitored,
evaluated, and publicly reported with associated indicators.
Principle 4
We will practise responsible and green procurement and reduce any adverse impacts to the land and biodiversity. We expect our suppliers to comply with our Supplier Code of Conduct by ensuring that our supplies are sustainably sourced as well as promoting the use of recycled materials and products that can be recycled in our procurement. We expect that our suppliers comply to the local environmental laws and regulations as well as ensure protection of the environment.
Principle 5
As part of our sustainable financing aspiration, we shall strive to reduce any adverse environmental impact resulting from our lending, financing and investment activities. We shall achieve this by ceasing to provide new or additional loans/ financing to customers who knowingly engage in activities, investments or transactions that are detailed in our Exclusion List. These include activities that would adversely affect:
- The natural habitat and wetlands of any endangered plant or animal species that is in violation of PERHILITAN or relevant guidelines; and
- National/ UNESCO World Heritage Sites, or areas occupied by indigenous/ local
communities.
Principle 6
Environmental protection is the responsibility of all our employees. We are committed to raising awareness among our employees and educating wider stakeholders about the importance of environmental protection.
The Board of Directors oversees direction of the Group’s environmental strategy and policy. This policy has been approved by the Board of Directors.
The Board of Directors
December 7, 2023