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ENRICHING NAtIoNAL PRoGRESS ENRICHING StAKEHoLDER VALUE ENRICHING SUStAINABLE IMPACt

MESSAGE FROM tHE

CHIEF EXECutIVE OFFICER (CONtINuED)

This commitment is driven by our We firmly believe that ESg integration improvement and sound governance
determination to mitigate the most is a mandatory and important part of has fortified our position as a
severe consequences of climate the journey to a sustainable future. renowned pension sovereign wealth
change, to safeguard the habitability Hence, integrating sustainability fund. As we advance into the future,
of our planet, and to advocate for practices across our investments and we remain dedicated to enhancing
responsible and fair practices for operations is of utmost importance. our value creation, addressing
responsible long-term value creation. emerging risks and fostering a culture
We have also strategically prioritised By driving investments in transition of excellence.
six UNSDgs as the guiding principles assets and harmonising both
of our Sustainability Roadmap, KWAP’s Enterprise and Investment Our achievements in financial returns,
namely UNSDg 3: good Health and Decarbonisation Strategy, we aim digital transformation, stakeholder
Well-Being, UNSDg 7: Affordable to support Malaysia’s Net Zero engagement and sustainability
and Clean Energy, UNSDG 8: Decent commitment and make a positive agendas are testaments to our
Work and Economic growth, UNSDg impact in safeguarding our planet’s resilience and forward-thinking
12: Responsible Consumption and future. Towards this end, we have approach. We are confident that
Production, UNSDg 13: Climate completed and reviewed our carbon these efforts will continue to drive
Action and UNSDg 17: Partnerships emissions baseline to chart transition sustainable growth and value for
for the goals. plans for decarbonisation. our stakeholders. Together, we
will navigate the complexities of
In October 2023, KWAP Board Positive sustainable impact also the evolving landscape and build a
approved KWAP’s Sustainability Risk enhances our reputation as a socially stronger, more resilient pension fund
Framework and Policy that aims to act responsible organisation, mindful for the years to come.
as a guardrail for KWAP Sustainability of creating long-term value for our
Roadmap, supporting KWAP’s stakeholders. Through responsible Before ending my statement, I
sustainability commitments to deliver investing, we are not only ensuring would like to extend my gratitude
five Sustainability Pledges and seven long-term financial security for our and appreciation to the Chairman,
Target Outcomes. The seven Target beneficiaries but also playing a Board members and the Investment
Outcomes are as follows: pivotal role in shaping a better future Panel members for their unwavering
for Malaysia and the world at large. support during another yet
• Increase Investment in Transition Venturing beyond traditional ESg- challenging year. I would also like to
Assets to 10% of Fund Size by related compliance measures, we express my gratitude to our dedicated
2030 have made our inaugural investment employees for their commitment and
• Net Zero Portfolio by 2050 into the impact investing space by hard work throughout the year 2023.
• Impact Investing up to RM1.5 investing in companies that use Your efforts to deliver value to our
billion by 2025 market-based solutions to address stakeholders at every touchpoint are
• Enterprise Living Wage Policy by social and environmental challenges. deeply appreciated.
2025 This is driven and guided by several KWAP remains steadfast to be true
• 30% Women in Senior Management UNSDgs with a specific focus on to all our stakeholders and uphold
domestic markets.
by 2023 our slogan as Your Retirement
• Enterprise Sustainability Governance IN CONCLuSION Companion.
Framework by 2023
In conclusion, 2023 has been a
• ESG KPIs for Board and Senior year of significant progress and
Management and reporting transformation for KWAP. Our
compliance guided by ISSB by 2025 DAtuK HAJAH NIK AMLIZAN
steadfast commitment to continuous MOHAMED
Chief Executive Officer

14 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INtEGRAtED REPoRt 2023