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

RISK MANAGEMENt INtEGRItY AND GOVERNANCE ACKNOWLEDGEMENtS
The Principles on good governance In our relentless effort towards I would like to extend my heartfelt
for government-Linked Investment creating a culture of integrity in gratitude to my fellow Board members
Companies (Pgg) was launched by KWAP, I want to emphasise that the and KWAP Investment Panel members
the Ministry of Finance on 15 April fight against corruption is everyone’s for their unwavering dedication
2022, with the primary goal to enhance responsibility and paramount in and insightful contributions. Your
the governance and sustainability upholding KWAP’s “zero tolerance to commitment has been instrumental
standards and practices across all corruption” principle. in guiding KWAP towards continued
gLICs, including KWAP. Everyone’s commitment to act against success.
corruption through whistleblowing I am also delighted to welcome
good governance is fundamental to
shape the culture of an institution as channels as well as participation our new board members, Datuk Dr
well as the behaviour of individuals. and support in the implementation Shahrazat Haji Ahmad, Datuk Ahmad
It is also essential that the leadership of other anti-corruption controls and Terrirudin Mohd Salleh, Puan Nor
of institutions promote integrity, measures, plays a vital role in our Yati Ahmad and Dato’ Maznah Abdul
accountability, respect for the rule of ongoing efforts to safeguard KWAP’s Jalil. We are excited to have you on
law and transparency in order to build business and our reputation as a board and look forward to the fresh
confidence and trust of stakeholders. trustworthy organisation that is built perspectives and innovative ideas
on the values of good governance, you will bring to the table.
To conform with the Pgg transparency and accountability. In
requirements, we had initiated a line with this, I am happy to share I would also like to acknowledge the
project to identify gaps and develop that the Malaysian Anti-Corruption meaningful contributions of Dato’
action plans to address them. As Commission (MACC) has reclassified Sri Sharifah Sofianny Syed Hussain,
at 31 December 2023, KWAP had KWAP as a Low-Risk organisation in Datuk Siti Zainab Omar, Datuk Dr.
completed 97% of the identified terms of our exposure to corruption, Yacob Mustafa, Dato’ Anis Rizana
action plans and aims to fully conform which is the best rating for such Mohd Zainudin @ Mohd Zainuddin
by the end of 2024, well ahead of the assessment. and Dato’ Mohd Shaiful Ibrahim who
15 April 2025 deadline. have respectively retired and resigned
KWAP had also successfully as Board members during the year.
To address emerging sustainability conducted its second-year ISO I offer my deepest appreciation for
risks, the Enterprise Sustainability 37001 Anti-Bribery Management your service and leadership. Your
governance Framework and System (ABMS) surveillance audit efforts have significantly shaped
Sustainability Risk Policy were on all four audited sites, with no KWAP’s direction and achievements.
the latest additions to our arsenal non-conformance report for two
of risk management tools. These consecutive years. Lastly, I would like to extend a special
frameworks are crucial for embedding thank you to our Chief Executive
sustainability risk into our Enterprise Accountability is the bedrock upon Officer. Your exceptional leadership
Risk Management (ERM) process, which good governance stands. As and vision have been pivotal in
enabling a systematic approach to stewards of pension funds, we bear making KWAP future-proof, and we
identifying, assessing, and responding the responsibility of managing assets are immensely grateful for your hard
to sustainability risks in investments with diligence and integrity. Every work and dedication.
and business operations, ensuring decision we make, every investment
our sustainability objectives are met. we undertake, must be held to the
highest standards of accountability
and integrity. This commitment is not DAtuK JOHAN MAHMOOD
just a duty – it is our pledge to those MERICAN
who have entrusted us with their Chairman
financial future.

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