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36 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) foR BEttER vALUE DELIvERy

TOWARDS MORE
SUSTAINABLE TOMORROWS

iii. Voting Rights collaborative actions for building climate resilience
within the Malaysian financial sector. The three JC3
In 2022, KWAP exercised its voting rights at AGMs/ committees include:
EGMs.
KWAP submitted 116 companies’ AGMs/EGMs a. JC3 Climate Change
resolutions to all its investee companies and exercised Sub-Committee 1 and Principal-based
its voting rights based on KWAP’s published Voting Taxonomy working group
Guidelines.
b. JC3 Governance and
iv. Other ESG-related Engagements Sub-Committee 2 Disclosure
Apart from the engagements listed above, as an active c. JC3 Bridging Data Gaps
shareholder who continuously seek to promote good Sub-Committee 5
ESG practices, KWAP continued its engagements with
its investee companies to raise and address pressing ii. Input for Surveys and questionnaires
ESG matters (where necessary) due to its investee
companies’ publicly reported ESG practices during the KWAP has provided input in surveys and questionnaires
produced by the Regulators and ESG-Related
year. These visits are led by the management team and Associations as follows:
KWAP officers through one-on-one meetings to further
improve the ESG practices of its investee companies. a. Feedback on Bursa Book 1 – Purpose &
Performance Driven PLCs
In 2022, KWAP engaged with one investee company, b. Draft Task Force on Climate-Related Financial
namely: Disclosures (TCFD) Application Guide
c. Feedback on Draft Book 2 On Sustainable, Socially
Purpose of Responsible and Ethical Public Listed Companies
No. Company Date
Meeting (PLCs) Issued by Bursa Malaysia
d. Consultation Paper (CP) No. 1 of 2022 on the
1 Sime Darby 21 March Update on proposed amendments
Plantation 2022 US CBP e. Proposed Amendments to Bursa’s Business Rules
Berhad WRO and Listing Requirements to Facilitate Operations
on Public Holidays
Engagement with Regulators/Government-linked
Investment Companies (GLICs) f. Consultation Paper from Bursa on Proposed
Amendments to the Main Listing Requirements In
As part of KWAP initiatives in supporting ESG practices, Relation to the Structured Warrants Framework
KWAP has participated in multiple engagements with g. Bursa Consultation Paper on the Proposed
regulators such as Securities Commission, Bursa Malaysia, Amendments to the Ace Market Listing
Bank Negara Malaysia and Malaysia Anti-Corruption Requirements in Relation to the Transfer of Listing
Commission (MACC). Framework from Leap Market and Recognised
Approved Adviser Framework
Moreover, KWAP has also participated in sustainability- h. Public Consultation on Draft Revisions to the
related working groups as per below:
G20/Organisation for Economic Co-operation
i. JC3 Committee and Development (OECD) Principles of Corporate
Governance
Three of KWAP officers are members of the Joint i. Bursa Malaysia CP 3/2022 - Proposed
Committee on Climate Change (JC3). On 27 Amendments to Main Market Listing Requirements
September 2019, Bank Negara Malaysia and Securities in Relation to Listed Real Estate Investment Trusts
Commission Malaysia had established JC3 to pursue (REITs) and Exchange-Traded Funds (ETFs) with
Waqf Feature