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ENRICHING PERFORMANCE AND COMMITMENTS ENRICHING ACCOUNTABILITY AND INTEGRITY ENRICHING RESILIENCE AND SUSTAINABLE GROWTH OTHER INFORMATION
KEY REGuLAtORY AND REPORtING FRAMEWORKS Recognising the interconnectedness of sustainability, we
have integrated our sustainability framework, principles,
Our reporting is guided by international and local regulation, practices and outcomes throughout this report, with more
reporting frameworks, guidelines and standards, where details provided in our 2023 Sustainability Report that is
possible. Efforts have been taken to report in accordance available online.
with the best industry practices and standards, thus
providing stakeholders with meaningful disclosures. The FORWARD-LOOKING StAtEMENtS
referenced frameworks and guidelines include: This report contains certain forward-looking statements
• International Integrated Reporting Framework 2021; about KWAP’s outlook, targets, strategies and operations.
• Retirement Fund Act 2007 (Act 662); These statements involve risks, uncertainties and
• Malaysian Financial Reporting Standards (MFRS); assumptions, as they relate to events and depend on
• International Financial Reporting Standards (IFRS); circumstances that may occur in the future, and actual
• Global Reporting Initiative (GRI) Standards; results may differ materially from those anticipated in these
• Bursa Malaysia’s Main Market Listing Requirements on statements due to various factors.
Sustainability Reporting;
• Malaysian Code for Institutional Investor 2022 (MCII); KWAP assumes no obligation to update any forward-
• Principles for Responsible Investment (PRI); looking statements to reflect events or circumstances
• Partnership for Carbon Accounting Financials (PCAF); after the date of this report or to reflect the occurrence of
• Sustainable Investing Standards (SIS); and unanticipated events.
• United Nations Sustainable Development Goals APPROVAL BY tHE BOARD
(UNSDgs).
The Board acknowledges its responsibility of ensuring the
ASSuRANCE
integrity of this integrated report. In the Board’s opinion, this
Our 2023 Annual Financial Statements were audited by report addresses all the issues that are material to KWAP’s
the Auditor general of Malaysia. The audit was conducted ability to create value and fairly presents the performance
in accordance with the Audit Act 1957 and the International of KWAP across its value chain.
Standards of Supreme Audit Institutions. The Certification of This report was approved by KWAP’s Board.
the Auditor general on our financial statements is provided on
page 133 to 136.
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CAPItALS MAtERIAL MAttERS
Financial Manufactured Social & Sustainable Future-Ready People
FC Capital MC Capital SRC Relationship M1 Pension Fund M4 Operating Model M7 Development and
Capital Well-being
Intellectual Human
IC HC Customer Sustainability
Capital Capital NC Natural Capital M2 Experience M5 Pledges Anti-Bribery and
M8 Corruption
RISKS Corporate Industry
M3 M6
Macro-economic Business Cyber Security governance Presence Cyber Security
R1 R4 R7 M9 and Data Privacy
and geopolitical Continuity Risk Risk
Risks 6 uNSDG GOALS
Risk
R2 Investment R5 Sustainability R8 Compliance Risk
Risk
R9 Reputational Risk
R3 Operational R6 Climate Risk
Risk R10 People Risk
StAKEHOLDERS
government of Pension Local
S1 Malaysia S3 Community S5 Community
S2 Contributors S4 Investment S6 Employees
Community
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