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

Notably, we have embarked on the successfully installed 50 biometric percentage is assessed to be at
journey of producing an integrated devices at selected dialysis centres 2.5%, much lower than industry
report. We believe that integrated across Klang Valley which saw its average of 10%. This is attributed
reporting will improve the quality of immediate benefit by processing over to our extensive training sessions
information available to our valued 17,000 verifications by the pensioners that emphasise on cyber security
stakeholders and that the cycle of and eligible pension derivatives since awareness.
integrated reporting and thinking its deployment in November 2023.
will enhance our value creation and I am also happy to share that
sustainability commitments. tERAS 5 KWAP digital team had received the
Information Technology Recognition
FINANCIAL PERFORMANCE I am also pleased to share that Award during the year, at the 40th
TERAS 5 - KWAP Transformation ASEAN Social Security Association
As at 31 December 2023, KWAP fund Plan is progressing smoothly (ASSA) Seminar and Board Meeting.
size grew to approximately RM169.82 enterprise-wide, currently at 85% This prestigious recognition is
billion from RM158.10 billion in 2022. completion. With our collective effort awarded to them for their project
If we include the RM20.50 billion and teamwork, I am confident that we submission titled Implementation
government withdrawal between will achieve full implementation by the of KWAP’s Robotic Processing
2018 and 2023, KWAP’s accumulated end of 2024. Automation (RPA) named TESSA in
adjusted fund size would be RM190.32 its daily operations.
billion, which is 95% of the 2025 PEOPLE
target of RM200 billion accumulated SuStAINABILItY
adjusted fund size. Human capital remains one of the
key enablers of our success. We Sustainability has always been at
In 2023, KWAP recorded total return consistently emphasise the value of the core of our purpose. KWAP
represented by Time-Weighted Rate lifelong learning and remain committed acknowledges that our investee
of Return (TWRR) of 8.2%. On the to talent development, demonstrating companies may be at different stages
same note, KWAP achieved a Net our dedication. KWAP employees are in the journey towards embracing ESg
Income of RM9.65 billion and a Total strongly encouraged to further their and sustainability. Our stewardship
Comprehensive Income of RM12.03 studies through enrolment in KWAP’s activities are therefore primarily
billion in 2023. This commendable Education Assistance Scheme (EAS). aimed at sustainable long-term value
performance was primarily driven We believe that having a highly skilled creation and this also extends to our
by the resilient performance from talent pool is crucial for taking KWAP investee companies.
international equity asset class to new heights.
that proves the success of our
diversification strategy as evidenced In 2023, a total of 23 employees In January 2023, we have made
in KWAP’s Strategic Asset Allocation. completed their studies successfully, five sustainability pledges as
and another 13 employees are currently follows:
PENSION OPERAtIONS actively pursuing professional and
tertiary-level programmes ranging • PLEDGE 1
KWAP currently serves 790,772 from CFA, PKMC, ACCA, BSC Advocate of Social Agenda
pension recipients throughout and MSC provided under the EAS
Malaysia, 2.8% higher or 21,825 more programme. • PLEDGE 2
pension recipients as compared to the Empower Partnerships for
previous year. In 2023, our pension DIGItAL Collective Action
services achieved a stellar weighted • PLEDGE 3
average SLA score of 99.4% and KWAP is also committed to Net Zero Portfolio by 2050
has continuously outperformed the maintaining cutting-edge information
Performance Threshold of 95% as technology systems to better enable • PLEDGE 4
required by the agency agreement our team in creating value. To this, we Increase Investment in
signed between goverment of had also progressed significantly from Transition Assets to RM20
Malaysia and KWAP. our Digital Transformation Roadmap. Billion by 2030
In 2023, we established KWAP Cloud
To further embrace digitalisation, we governance Framework and Policy as • PLEDGE 5
have introduced a pilot project to install well as data governance framework Enhance Sustainability
biometric devices at dialysis centres. and enhanced cyber security governance
As at 31 December 2023, we have measures. Our average phish-prone

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