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ENRICHING PERFORMANCE AND COMMITMENTS ENRICHING ACCOUNTABILITY AND INTEGRITY ENRICHING RESILIENCE AND SUSTAINABLE GROWTH OTHER INFORMATION

Continuous Risk Management Awareness Engagement and Talks

ii. Gearing up for 2024: Moody’s Sectoral Trends, Risks and Rewards
An informative session to empower employee with the opportunities and challenges in the financial
markets and business landscape for year 2024 and beyond.
2. A talk on Know Your Counterparty (KYC) Session: Sanctions Awareness and Adverse Media was conducted
on 6 December 2023 to deepen the understanding of compliance matters amongst KWAP employees and
provide update on the latest development in the field.

3. KWAP has published four public articles via KWAP’s Website, LinkedIn and Instagram in 2023 covering topics
as follows:

i. Navigating the Future of Pension Sustainability Vol 1.

ii. Navigating the Future of Pension Sustainability Vol 2.
iii. ESg in Focus: Unpacking Risks and Opportunities in Sustainable Business Practices.

iv. Investing in a Sustainable Future: How green Bonds are Making a Difference.
4. KWAP has also improved our public engagement profile on risk management and governance by joining the
Securities Industry Development Corporation (SIDC) Compliance Roundtable 2023 on 21 November 2023 and
Karnival MyPesara on 26 November 2023. Both sought to send the message of KWAP as an integrity-first and
strong compliance culture organisation.

Risk and Compliance Visits to KWAP Properties / Associate Companies / Potential Investment
We conducted visits to our properties and external fund managers offices (both public and private markets) to
ensure an independent risk assessment and risk oversight of the properties and the external fund managers. In
2023, we also visited private equity fund managers, and both current as well as potential properties acquisition,
to better understand the market and specific assets. These engagement visits with the asset manager, investment
advisors and our fund managers were to ensure effective investment management, risk and compliance matters and
to ensure implementation of relevant risks identification, controls and mitigations are in place.

ENtERPRISE RISK MANAGEMENt (ERM)
The fundamental principles for managing risk in KWAP risks. KWAP has revised and streamlined the previous
are anchored on the ERM principles and key components ERM framework to be in sync with the ISO standards. The
described in both the ERM Framework and ERM Policy to revised document also elaborates on the principles, key
support a sound and holistic risk management within KWAP. components and processes that make for effective risk
management. These documents, which are accessible
KWAP adopts the International Organisation for to all KWAP employees and enhanced by a structure
Standardisation (ISO) 31000:2018 ERM Standard (ISO risk awareness and socialisation strategy, are in line with
Standard), as a framework to guide us in managing our KWAP’s initiative to foster a healthy risk culture within the
organisation.

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