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foR betteR vAlue deliveRy Annual Report 2022 37

Engagement with Corporate Governance Bodies Becoming a signatory to the PRI is part of KWAP’s
efforts to expand our responsible investment initiatives
i. Institutional Investors Council (IIC)/Malaysian Code at a globally recognised platform. As a signatory,
for Institutional Investors (the Code) KWAP is committed to:
KWAP has been a member and founding member i. Adopt and implement the six principles for
of IIC since its formation in July 2015 and KWAP’s responsible investment, where consistent with our
former Chief Executive Officer (CEO), Dato’ Wan fiduciary responsibilities.
Kamaruzaman Wan Ahmad was appointed as the first ii. To evaluate the effectiveness and improve the
chairman of the IIC Council Board Members from July content of the principles over time.
2015 to June 2019. This is believed to improve KWAP’s ability to meet
commitments to beneficiaries as well as better align
On 15 December 2021, KWAP’s current CEO, Datuk our investment activities with the broader interests of
Hajah Nik Amlizan Mohamed was appointed as IIC’s of society. We also encourage other investors to adopt
Vice Chairman of the IIC Council Board Members the principles.
during IIC’s 3 Annual General Meeting (AGM).
rd
KWAP has engaged closely with the representatives
As a member of IIC, KWAP endorsed its commitment from PRI to further improve ESG initiatives in the region.
in upholding good corporate governance standards by KWAP’s Speaking Engagements in 2022
being a signatory to the Code. The Code comprises
a set of principles which assists institutional investors KWAP has participated as a guest speaker in numerous
to fulfil their stewardship responsibilities through ESG-related events such as:
influencing and promoting good corporate governance i. MIDF Green Conference 2022: Does being ESG
culture in their investee companies. compliant help with raising capital?;

In addition to the IIC formation, a special working ii. SIDC’s Sustainable and Responsible Investment
committee was formed to focus on issues and topics (SRI) 2022 Virtual Conference: Preserving the Climate
of strategic importance which are of common interest through Sustainable Business and Living;
to institutional investors and in line with the objectives iii. 4 Islamic Sustainable Finance & Investment Forum
th
of the IIC namely Market and Industry and Governance 2022: Positioning ESG and Sustainable Finance and
and Policies. Investment - Policy, Regulation and Action;
iv. Climate Governance - A Standing Item in Board Agendas;
To date, there are 38 signatories under the Code which
includes Institutional Investors, asset managers and v. Institutional Investors Council Malaysia and Asia
asset owners. Finally, KWAP has actively participated Research & Engagement (ARE) - Investor Roundtable
in IIC-related events which includes speaking on Net Zero in Malaysia;
engagements, council and working group meetings. vi. Aberdeen Sustainability Summit APAC;
vii. Sustainable Global Capital Conference;
ii. United Nations-supported Principles of Responsible
Investment (PRI) viii. PwC & Bursa Malaysia, PLCs Transformation Programme
- Strengthening Stakeholder Management & Investor
KWAP became a signatory to PRI on 7 February 2018, an Relations Guidebook 3 Highlights;
independent non-profit organisation that is supported ix. RHB Investment Bank Berhad & Bursa Malaysia
by the United Nations (UN) to encourage investors to Seminar - Invest Shariah Corporate Conversation -
adopt responsible investment to enhance returns and (When Shariah Meets ESG: The Next Level);
better manage risks. PRI promotes awareness on the x. IIC – SIDC Corporate Governance Conference 2022:
investment implications of ESG factors and supports Investment Stewardship in Times of Heightened
its international network of investor signatories by Sustainability Demands; and
incorporating the six principles of PRI into practice for
investments and ownership decisions. xi. SMART Leadership Talk Series 2022 - Embracing
Sustainability via Diversity.