Retirement Fund Inc (KWAP) has provisioned some RM800 million to be invested in the environmental, social and governance (ESG) aspect globally through two international fund managers. KWAP CEO Datuk Wan Kamaruzaman Wan Ahmad has said that a total of RM3.8 billion has been set aside for the pension fund’s ESG investment, for both its local and international portfolios, of which RM520 million has been materialised globally. Currently, KWAP has six fund managers overseeing its ESG portfolio, two of which are investing internationally. “We have not fully disbursed the amount to these firms, who are doing international investments for us. We are planning to give US$100 million (RM404 million) each to the two firms, which is around RM800 million,” Wan Kamaruzaman said. He added that the remaining RM1.8 billion for the pension fund’s ESG portfolio is being managed internally for domestic investment. The fund has also signed on to the UN Principles for Responsible Investment (PRI) to commit to the sustainability and ethically impacted investments.

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The Malaysian Reserve