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

NAtuRAL CAPItAL (CONtINuED)

c. governance
Number of engagements
generally, Board members for all companies have
oversight on ESg matters. Additionally, most
of the companies linked their executive annual
compensation plan in line with their company’s
ESg performance. 244 329
3. Capacity Building

• Speaking Engagement
Domestic
KWAP Senior Management has also participated International
as guest speaker in ESg-related events such as:

i. Securities Industry Development Corporation’s INVEStING IN tRANSItION ASSEtS
Sustainable and Responsible Investment
(SRI) 2022 Virtual Conference: Preserving the KWAP’s investment into Vantage Solar UK Limited (VSUK)
Climate through Sustainable Business and in 2017, together with Tenaga Nasional Berhad, marks our
Living. initial venture into the sustainable and renewable energy
ii. Asian Investor - Investing for The Future: ESg generation sector. VSUK owns and operates 24 solar
Opportunities and Implementations photovoltaic (PV) with a total capacity of 365 MW, spanning
across the United Kingdom. This investment underscores
• Knowledge Sharing Session on ESG our commitment towards environmental sustainability in
our investments and our endeavour in combating climate
i. In November 2023, KWAP organized KWAP- change.
Invesco LEAP Programme 2023 on Sustainable
Investing Trends and Opportunities. The ESg VSUK’s generated 342.63 GWh from its large scale solar
topics that were covered during the session PV power generating projects in 2023. This marks a slight
include ESg Outlook, Climate Investing, decrease of 6.4% year-on-year, owing to lower solar
Circular Economy, and Nature Investing. irradiation. This is equivalent to the energy needed to
The event was attended by a total of 106 power approximately 92,602 households annually.
employees from all divisions.
We firmly believe that addressing sustainability challenges
4. Analyst Engagement and the transition to cleaner energy sources is crucial to
limiting global warming to below 1.5°C. Building on this,
Our internal research analysts conducted a total of we plan to increase our investments in transition assets to
573 engagements, consisting of 329 domestic and RM20 billion by 2030.
244 international interactions. These engagements
encompassed analyst briefings, internal meetings, and
discussions with investee companies, with a particular
emphasis on evaluating their ESg practices where
relevant.

86 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INtEGRAtED REPoRt 2023