kwap-ar-2022

Towards a Better Tomorrow

Expanding our value delivery spectrum, Kumpulan Wang Persaraan (Diperbadankan) [KWAP] is paving the way forward to higher returns for all stakeholders through a three-year TERAS 5 programme.

This year’s annual report theme reflects this constant impetus of KWAP to continuously improve value delivery through a colourful depiction of pensioners living fulfilling lives. This symbolises KWAP’s commitment to realising our key stakeholders’ aspirations and life goals towards the better tomorrow captured within the theme.

The painter’s art canvas highlights the central role TERAS 5 is playing in upskilling KWAP’s capabilities and service delivery. TERAS 5 is based on elevating five enablers: structure, governance, people, process and digital. This strengthens our ability to facilitate more catalytic investments that directly benefit the Malaysian economy and continue to grow its fund size while elevating service levels for pensioners.

MESSAGE FROM THE CHAIRMAN

chairman-kwap

TRANSFORMING FOR THE BETTER

Dear Valued Stakeholders,

Marking our constant desire to grow better every year, Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has made strides in service and value delivery in 2022, anchored on the TERAS 5 operating model transformation programme. I am pleased to present the Annual Report for KWAP for the financial year ended 31 December 2022.
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MESSAGE FROM THE
CHIEF EXECUTIVE OFFICER

ceo-kwap
Dear Valued Stakeholders,

In a year characterised by a challenging market performance, Kumpulan Wang Persaraan (Diperbadankan) [KWAP] worked hard towards a better tomorrow for our pensioners or stakeholders. I am proud to report that our team sustained pension returns and performance on all fronts, while laying the groundwork for stronger future performance with the establishment of the three-year TERAS 5 programme and successful completion of 44% of the set initiatives to date.
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TOWARDS MORE SUSTAINABLE TOMORROWS

Why is ESG important to KWAP?

Reduce risk and enhance risk-adjusted returns

Investing in companies with good Environmental, Social and Governance (ESG) practices can contribute to delivering sustainable risk-adjusted returns.

Reputational risk

Companies that practise poor ESG practices pose reputational risk to KWAP.

Financial risk

For pension funds with long-term investment horizon, ESG factors can have direct impact on returns.

Large presence in the domestic market

Opportunity to play stewardship role by promoting good sustainability practices in the Malaysian capital market.

Fiduciary duty

As a pension fund, KWAP has a responsibility towards its stakeholders to generate sustainable risk-adjusted long-term returns. There is an added responsibility for KWAP to ensure that both KWAP and its investee companies are sustainable in their business practices.

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Annual Report 2022

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Annual Report 2022

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Annual Report 2022

Bahasa Malaysia Version

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You can find previous Annual Reports and other publications in our Archive

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