Rhb Bank Bhd. · MYX:RHBBANK
Rhb Bank Bhd — ESG Presentation (April 2024)
32 slides from Rhb Bank Bhd's sustainability presentation, Apr 18, 2024
Slide 1: RHB's Net Zero Commitment and Strategy
RHB BANK BERHAD Sustainability Media Day RHB’s Net Zero Commitment and Strategy 18 April 2024
Slide 2: Agenda
1. RHB’s Sustainability Overview 2. RHB’s Commitment to Climate Action 3. Closing Remarks 4. Awards and Recognition
Slide 3: RHB's Sustainability Overview
RHB’s Sustainability Overview
Slide 4: Our sustainability journey started in 2016
Our sustainability journey started in 2016. We’ve achieved several milestones since then 4 Phase 1: 2016 to 2021 Phase 2: 2022 onwards Building Foundations, Embedding Sustainability Driving Change, Creating Positive Impact 2018 – Conducted 1st materiality assessment; Developed RHB Group’s Strategy &
Slide 5: RM50 billion in Sustainable Financial Services; driving green financial services to achieve Net Zero
RM50 billion in Sustainable Financial Services; driving green financial services to achieve Net Zero 5 by 2050 In FY2023, we revised our Sustainable Financial Services Commitment from RM20 billion to RM50 billion by 2026. RHB’s Net Zero by 2050 commitment also embedded as part of RHB Sustainability
Slide 6: RHB's Commitment to Climate Action
RHB’s Commitment to Climate Action
Slide 7: Committed to Achieving Net Zero Emissions by 2050
RHB Banking Group is Committed to Achieving Net Zero Emissions by 2050 Addressing both operational GHGs and financed emissions
Slide 8: In FY2023, we established our Financed emissions baseline
In FY2023, we established our Financed emissions baseline 8 #01 #02 #03 #04 #05 #06 Computed Identified key Determined the Developed the Developed Established RHB’s financed high impact climate projected RHB’s transition sector-specific emissions sectors scenarios emissions pathway decarbonisation b
Slide 9: RHB's Financed Emission Baseline
RHB’s Financed Emission Baseline 9 RHB’s total Financed Emissions baseline Financed emissions baseline for 5 High-Impact as at 31 Dec 2022 Sectors as at 31 Dec 2022 9.26 MTCO2e 7.63 MTCO2e • Covers all 7 PCAF asset classes: • RHB’s 5 High-Impact Sectors are: Asset Class 1 (“AC1”): Listed equity an
Slide 10: Three strategic objectives to achieve Net Zero by 2050
To achieve Net Zero by 2050, we are driving our journey through three strategic objectives that 10 10 complement each other RHB’s Commitment to Net Zero Emissions: Strategic Objectives Strategic Objective 1 Strategic Objective 2 Strategic Objective 3 Reduction of financed emissions Driving growth in
Slide 11: Strategic Objective 1 – Reduction of financed emissions in 5 high-impact sectors
11 Strategic Objective 1 – Reduction of financed emissions in 5 high-impact sectors within our business 11 RHB’s Commitment to Net Zero Emissions: Strategic Objectives Strategic Objective 1 Strategic Objective 2 Strategic Objective 3 Reduction of financed emissions Driving growth in Green Financial
Slide 12: RHB's Aggregated Emissions Trajectory
Strategic Objective 1 – Reduction of financed emissions in 5 high-impact sectors within our business 1212 RHB’s Aggregated Emissions Trajectory (FY2022 – FY2050, MTCO2e) RHB’s financed emissions baseline and emissions trajectory to Net Zero by 2050 is dependent on: • Latest available Financed Emissi
Slide 13: Decarbonisation Approach for 5 High-Impact Sectors
Strategic Objective 1 – Reduction of financed emissions in 5 high-impact sectors within our business 13 Decarbonisation Approach for 5 High-Impact Sectors: Energy Supply, Palm Oil, Oil & Gas, Property & Construction, and Transport Accelerating clients’ Mobilising transition Employing asset decarboni
Slide 14: Strategic Objective 2 – Driving growth in Green Financial Services
Strategic Objective 2 – Driving growth in Green Financial Services (“GFS”) & supporting companies 14 14 committed to carbon neutrality RHB’s Commitment to Net Zero Emissions: Strategic Objectives Strategic Objective 1 Strategic Objective 2 Strategic Objective 3 Reduction of financed emissions Drivin
Slide 15: RHB's Target Portfolio Composition Towards Net Zero by 2050
Strategic Objective 2 – Driving growth in GFS & supporting companies committed to carbon neutrality 1515 RHB’s Target Portfolio Composition Towards Net Zero by 2050 Comparison against Aggregated Emissions Trajectory (FY2022 – FY2050, MTCO2e) 8 By 2030, 40% of our portfolio will be in 7 40%* Green Fi
Slide 16: Target: 40% of portfolio in Green Financial Services by 2030, 90% by 2050
Strategic Objective 2 – Driving growth in GFS & supporting companies committed to carbon neutrality 1616 Target: 40% of RHB’s portfolio in Green Financial Services and companies committed to carbon neutrality by 2030, and 90% by 2050 Conduct targeted client Leverage government Support clients in har
Slide 17: Conduct targeted client engagements
Strategic Objective 2 – Driving growth in GFS & supporting companies committed to carbon neutrality 1717 Tier 1 (Advance) • Mostly Corporate, Commercial and Support and align with Overseas/Regional clients clients’ decarbonisation Conduct targeted client journey • Engagements will focus on: Identi
Slide 18: Cumulative Sustainable Financial Services Achievement
Strategic Objective 2 – Driving growth in GFS & supporting companies committed to carbon neutrality 1818 Cumulative Sustainable Financial Services Achievement July 2021 – December 2023 (RM million) Driving just and responsible low-carbon transition Supporting the national agenda, e.g. National Energ
Slide 19: RHB is committed to transitioning our customers towards sustainable practices
Strategic Objective 2 – Driving growth in GFS & supporting companies committed to carbon neutrality 1919 RHB is committed to transitioning our customers towards sustainable practices “Advancing SMEs Towards Sustainable Business Practices” is one of the focus areas under the Sustainable and Responsib
Slide 20: Collaboration, Capacity Building and SME-specific Sustainable Financial Services
Strategic Objective 2 – Driving growth in GFS & supporting companies committed to carbon neutrality 2020 Collaboration with Strategic Partners and Providing SME-specific Sustainable Capacity Building and Advocacy for SMEs Solution Providers Financial Services • Focus: Enabling SMEs to access • Focus
Slide 21: SME Sustainable Financing Programme and Green Financing Schemes
Strategic Objective 2 – Driving growth in GFS & supporting companies committed to carbon neutrality 2121 SME Sustainable Financing Programme, Cumulative Achievement, September 2021 (since launch) – December RHB’s SME Green Financing Schemes 2023 (RM million) Supporting SMEs’ transition towards green
Slide 22: Strategic Objective 3 – Sustainable and low-carbon practices in own operations
22 Strategic Objective 3 – Integration of sustainable and low-carbon practices into our own operations 22 RHB’s Commitment to Net Zero Emissions: Strategic Objectives Strategic Objective 1 Strategic Objective 2 Strategic Objective 3 Reduction of financed emissions Driving growth in Green Financial I
Slide 23: Towards Carbon Neutral Operations by 2030
Strategic Objective 3 – Integration of sustainable and low-carbon practices into our own operations 23 Projected Operational GHG Emissions Trajectory (FY2016 – FY2030, tCO2e) Towards Carbon Neutral Operations by 2030 Actual and targeted reduction in operational GHG emissions Targeted reduction in re
Slide 24: Renewable energy, efficient buildings, culture change, carbon offsets
Strategic Objective 3 – Integration of sustainable and low-carbon practices into our own operations 24 1 2 3 4 RENEWABLE ENERGY EFFICIENT CULTURE CARBON ENERGY BUILDINGS CHANGE OFFSETS Install solar panels across Initiatives include: Continue with energy- Offsets planned from 2026 our locations: • T
Slide 25: Critical enablers for our Net Zero journey
To drive our Net Zero journey, we have also put in place critical enablers… 25 Frameworks, Policies & Guidelines Governance & Structure Establishing clear direction towards our Net Zero Ensuring robust oversight of our journey towards Strategy Net Zero by 2050 Includes the Group Climate Risk Managem
Slide 26: Closing Remarks
Closing Remarks
Slide 27: Closing Remarks
Closing Remarks 27 Increase our Sustainable Financial Services commitment to RM50 billion by 2026, including driving green financial services to achieve Net Zero by 2050 Embed our Net Zero commitment as part of RHB Sustainability Strategy and Roadmap’s core pillars In FY2023, we established ou
Slide 28: RHB will achieve Net Zero by 2050 through:
RHB will achieve Net Zero by 2050 through: 28 Strategic Objective 1 Strategic Objective 2 Strategic Objective 3 Reduction of financed emissions in 5 Driving growth in Green Financial Integration of sustainable and low-carbon high-impact sectors within our business Services & Supporting Companies pra
Slide 29: RHB Group is committed to achieving Net Zero by 2050
RHB Group is committed to achieving Net Zero by 2050 But, our journey to achieve Net Zero cannot be achieved alone RHB invites our clients, business partners, employees, and the broader community to embark on our Net Zero Journey together
Slide 30: Awards and Recognition
Awards and Recognition
Slide 31: Awards and Recognition for RHB's Sustainability efforts
Awards and Recognition for RHB’s Sustainability efforts 31 RHB’s Sustainability Awards (2023) RHB’s ESG Ratings (2023) The Edge ESG Awards 2023 (Silver) – Financial The Asset Triple A Islamic Finance Awards 2023 Institutions – Best in Sustainable Finance FTSE4Good: Rated as Top RHB Bank Berhad RHB I
Slide 32: Thank You
THANK YOU www.rhbgroup.com For further details on RHB’s commitment to Net Zero by 2050, please refer to our Sustainability Report 2023 This material is prepared for general circulation. Any recommendation or view contained in this document does not have regard to the specific investment objectives,