Malaysia. KWAP sets aside RM800m for global ESG investment
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 (picture) said a total of RM3.8 billion has been set aside for the pension fund’s ESG investment, for both of its local and international portfolios, of which RM520 million has been materialised globally.
“Out of the RM3.8 billion, we allocate RM2 billion to our external fund managers for ESG initiatives, of which RM520 million has been utilised,” he said at the KWAP Inspire: Environmental Conference 2018 in Kuala Lumpur yesterday.
Read More: The Malaysian Reserve
