WHO'S THE MOST CHARITABLE?

How Hong Leong Financial Group Berhad Gives Back To Society?

Hong Leong Financial Group Berhad

Hong Leong Financial Group Berhad offers an integrated suite of conventional and Islamic financial products and services which enables us to reach out and connect with customers not only in Malaysia, but throughout the region. Hong Leong Financial Group Berhad is an investment holding company and has three core businesses in the group; Commercial and Islamic banking under Hong Leong Bank Berhad (“HLB”), Insurance and Family Takaful, housed under our insurance holding company HLA Holdings Sdn Bhd (“HLAH”) and Investment banking and asset management under Hong Leong Capital Berhad (“HLCB”).

Fiscal Year-End: 30 June 2023

Industry: Financial Services

Net Profit: RM2.79 billion

The net profit of Hong Leong Financial Group increased in FY2023 to RM2.79 billion from RM2.45 billion during the previous financial year.

Profit Growth (YoY): 13.82%

The year on year net profit growth at HLFG is at 13.82%.

Dividend Payout Ratio: 32%

HLFG’s dividend payout is through Hong Leong Bank Berhad which is at a ratio of 32%.

Zakat Fund: N/A

The Group did not specify the total amount of contribution made towards Zakat during FY2023.

Cash Giving: N/A

Total cash contributions made by Hong Leong Financial Group during FY2023 could not be computed as it was not disclosed in their annual and sustainability reports.

In-kind Giving: N/A

Total in-kind contributions made by HLFG are not defined during FY2023 because the amount was not specified in their annual and sustainability report.

Employee Volunteer Hours: N/A

There were no employee volunteer hours reported by HLFG in their annual and sustainability report during FY2023.

Hong Leong Financial Group Berhad:
Cash, In-Kind and Employee Volunteer Hours

No.	Contribution	Based on Previous Yr	Cash Giving	In-kind Giving	Employee Volunteer Hours	Beneficiaries
1	Providing a Brighter Future to "Orang Asli" (indigenous) Children		N/A	Back to school packs	N/A	1,100 children	In March 2023, HLFG, along with HLB Cameron Highlands branch, collaborated with Kechara Soup Kitchen's Society School Mission 2023, a volunteering programme aimed at supporting education in underprivileged communities, to distribute Back-to-School packs to children of the Semai Tribe, whose families face financial difficulties in supporting their children's education. Through collective efforts, they were able to provide 1,100 children at Orang Asli settlements with essential school supplies.
2	Waterfall Cleaning Initiative		N/A	N/A	N/A	Environment	In collaboration with Persatuan Sahabat Alam Tampik Janda Baik, HLFG initiated a waterfall cleaning initiative, aiming to preserve nature and engage the community simultaneously. 7 volunteers have participated in hiking the hill and cleaning the waterfall.

Shows an increase monetarily or the number of beneficiaries from 2022 report.

Shows a decrease monetarily or the number of beneficiaries from 2022 report

1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.

2. The information above is derived from Hong Leong Financial Group Berhad’s 2023 Annual and Sustainability Report. Email correspondence was made between 12 June – 30 July 2024 to seek further clarification, however, no reply was received.

This independent report is produced without sponsorship from any organisation. The objective of the Bursa Top 20 is to promote philanthropy and encourage charitable giving among for-profit organisations.

Highlights From Hong Leong Financial Group Berhad's Giving

Focus Areas and Beneficiaries of Hong Leong Financial Group Berhad

Hong Leong Financial Group Berhad’s cash and in-kind contributions could not be computed as it was no specified in their annual and sustainability report. However, the in-kind contributions made by HLFG during FY2023 were made towards an educational initiative by providing back-to-school packs to Orang Asli children and another environment-related contribution, a waterfall cleaning initiative.