CORPORATE GOVERNANCE
REPORT

Several projects are currently in progress under the aegis of the Human Resources (“HR”) department. With the COVID pandemic impacting our operations and day to day work, our main concerns were job retention and on-going training of our staff.

Overview of HR projects:

Snapshot of key performance indicators for workplace responsibility throughout the last 4 years

We strive to create a safe, inclusive and discrimination-free environment for all our staff through the various projects under the HR department and through the Health & Safety Committee.

As a Bank, one of our major impact is through our financing. We have been steadily developing this pillar to provide our clients with sustainable financial products across the different business lines.

Overview of Sustainable Financing:

The financial year 2020-2021 has been critical for the development of sustainable financing at ABL. With the Bank joining the SUNREF program and the ongoing implementation of Environmental and Social Management System (“ESMS”), we are looking to transform our entire credit portfolio. The treasury team has also started offering structured deposits based on sustainable criteria.

Snapshot of Green Car Loan Performance from July 2020 to June 2021:

As part of our Marketplace Responsibility Strategy, we also strictly adhere to all legal and statutory requirements (including in regards to prevention of money laundering and financing of terrorism activities) and protect our client’s data through stringent measures in place to prevent any breaches.

Aside from our credit portfolio, we are also looking into the management of our direct impact. With relocation of our premises scheduled for Q3 2022 to the AfrAsia Tower in the Tribeca Central Smart City, the Bank is aiming to provide an innovative future workspace as well as a greater operational to its employees. The AfrAsia Tower will be an environmentally-advanced, energyefficient and sustainable workplace, with a LEED certification based on international sustainability standards. Until then, we will continue to monitor our electricity consumption and paper usage.

Overview of HR projects:

Snapshot of key performance indicators for workplace responsibility throughout the last 4 years

Overview of Social Responsibility at AfrAsia Bank:

ABL’s social strategy is mainly managed through the AfrAsia Foundation, which is governed by a council, who is responsible for management of the funds. The accounts of the Foundation are also audited annually by an external auditor.