Environmentally and socially sustainable strategies for our only one planet.
The Sustainability Governance
Alliance Bank Sustainability Governance Organisation Chart
Group Sustainability Committee
The Group Sustainability Committee as the dedicated Board-level committee provides oversight on sustainability and climate-risk related matters, and promotes sustainability through appropriate environmental, social and governance (ESG) considerations in the Group’s business strategies.
The Group Sustainability Committee is chaired by Ms Susan Yuen Su Min (Independent Director of Alliance Bank Berhad), and its members are Ms Cheryl Khor Hui Peng (Independent Director of Alliance Bank Berhad) and Dato’ Ahmad Hisham bin Kamaruddin (Independent Director of Alliance Islamic Bank Berhad).
The Group Sustainability Committee’s primary responsibilities are:
To review and recommend to the Board for approval of sustainability strategies, priorities targets proposed by Management, taking into account environmental risks and opportunities including but not limited to risks and opportunities arising from climate change.
To provide oversight on integration of sustainability and climate-related risks with existing risk management infrastructure, to safeguard the Bank’s resilience against the adverse impacts of climate change.
To provide oversight and input to management to ensure that the Group’s strategies, goals and principles pertaining to sustainability are aligned with, promote and encourage the Group’s commitment towards sustainability.
To review issues relating to sustainability arising from independent audits, assurance reports, and any matters on sustainability that are highlighted by regulators or consultants.
Sustainability Steering Committee
The Sustainability Steering Committee advises the management to ensure that business strategy takes sustainability into consideration, in particular the risks and opportunities arising from climate change. The Committee is led by the Group Chief Executive Officer. The Alternate Chairperson is the Chief Executive Officer of Alliance Islamic Bank. The committee members include:
Group Chief Executive Officer – Chairman
Chief Executive Officer, Alliance Islamic Bank – Alternate Chairman
Group Chief Risk Officer
Group Chief Strategy, Marketing & Business Development Officer
Group Chief Financial Officer
Group Chief Credit Officer
Group Company Secretary
Group Chief Operating Officer
Group Chief Consumer Banking Officer
Group Chief SME and Commercial Banking Officer
Group Chief Corporate Transaction Banking Officer
Group Chief Financial Markets Officer
Group Chief Human Resource Officer
Group Chief Compliance Officer
Group Chief Internal Auditor
Head of Sustainability
Head Group Climate & Sustainability Risk
The Sustainability Steering Committee’s primary responsibilities are to:
Advise the management to ensure that business strategy takes sustainability into consideration, in particular the risks and opportunities arising from climate change
Develop and recommend to the management on sustainability strategies - related policies and statement for approval, adoption and revision
Review material sustainability issues for the Bank to manage
Ensure that the sustainability strategies address key sustainability matters related to environment, economy and social (“EES”)
Monitor and oversee the implementation of the sustainability strategies as approved by the management
Formalise responsibilities and reporting structures for sustainability initiatives and disclosures (reporting)
Recommend to the management:
Appropriate metrics and targets for sustainability goal setting;
Feasible strategies, initiatives and projects to support the Bank’s sustainability goals and agenda; and
Relevant criteria for the evaluation of project / initiative feasibility
Oversee departments in ensuring robustness of sustainability management
Oversee the preparation of sustainability disclosures (reporting) as required bylaws and / or regulations and recommending it for the management’s approval
The Sustainability Steering Committee reports the progress of the Group’s sustainability initiatives to the Group Sustainability Committee.
Governance of Sustainability and Climate-related Risk
The Group Risk Management Committee (GRMC) chaired by Mr Lee Boon Huat (Senior Independent Director of Alliance Bank Berhad), is a Board-level risk committee that oversees management of enterprise risks which include sustainability. The GRMC deliberates sustainability and climate-related risks as and when required and includes considerations of the broader sustainability strategy.
As part of the Board’s responsibility to oversee the Bank’s overall risk strategy, including climate-related risks of the Bank, all board members receive a risk induction and on-going risk training. For the list of trainings related to risks attended by the Board, please refer to pages 20 and 78-81 of our 2023 Corporate Governance Report.