Page 30 - KWAP_Integrated-Report_2023
P. 30

ENRICHING tHE FUtURE  ENRICHING NAtIoNAL PRoGRESS  ENRICHING STAKEHOLDER VALUE   ENRICHING SUStAINABLE IMPACt


          OuR StAKEHOLDERS




          StAKEHOLDER ENGAGEMENt
          Stakeholder engagement is a cornerstone of our commitment to transparency, accountability and responsible business
          practices at KWAP. We recognise that our actions as an institutional investor can have far-reaching implications for a wide
          range of stakeholders, including our pensioners, contributors, employees, partners, communities and the environment.
          In this section, we will provide a brief overview of our approach to stakeholder engagement, outlining our commitment to
          fostering open and meaningful dialogues with all those who have a vested interest in our operations. We will discuss the
          channels and mechanisms through which we engage with our stakeholders, our dedication to actively listening to their
          feedback, and how we incorporate their perspectives into our decision-making processes.
          Our stakeholder engagement efforts reflect our core values and our mission to secure the retirement income of public
          service employees whilst promoting sustainable practices and ethical conduct. We view our stakeholders as essential
          partners on our journey towards a more sustainable and prosperous future.
          OuR StAKEHOLDERS, tHEIR NEEDS AND EXPECtAtIONS


           S1         Government of Malaysia


              Provides strategic direction, develop   Area of concern/interest:  Method of Engagement:
              and   review  pension  policies,  •   Financial   performance   and   •   Dialogues
              sets  regulatory  requirements  and   stability of the Fund including   •   Meetings
              monitors the Fund’s performance to   funding ratio
              ensure alignment with government   •   Alignment   with   government
              objectives.                          policies and objectives
                                               •   Governance  and  well-being  of
              Oversees pension benefits of public
              service employees, ensures the       the Fund
              timely and accurate disbursement of   •   Transparency and accountability
              pension payments, and collaborate    in fund management
              with the Fund on matters related to   •   Contribution to national economic
              pension administration.              stability and development
                                               •   Social impact and welfare of the
                                                   Rakyat
                                               •   Timely    and      accurate
                                                   administration  of  pension
                                                   payments
                                               •   Communication and support for
                                                   pension recipients


           S2         Contributors

              As the employer of public service   Area of concern/interest:     Method of Engagement:
              employees, contributes to the Fund   •   Ease of Contribution Process   •   Website and social media
              based on pre-determined rates    •   Employee   Engagement   and   •   Surveys
              pursuant to the Statutory and Local   Communication               •   Forums
              Authorities  Pension  Act  1980  (Act   •   Regulatory Compliance  •   Visits
              239).





          28  KUMPULAN WANG PERSARAAN (DIPERBADANKAN)  i  INtEGRAtED REPoRt 2023
   25   26   27   28   29   30   31   32   33   34   35