Malaysia’s KWAP aims to have 70% of AUM be ESG-compliant
Kumpulan Wang Persaraan (KWAP), Malaysia’s second largest pension fund, hopes to have 70% of its assets under management (AUM) be environmental, social and governance (ESG)-compliant.
KWAP, a pension fund for civil servants, had AUM of 137 billion ringgit (US$32.1 billion) as at end-September 2017.
Wan Kamaruzaman Wan Ahmad, the fund’s chief executive officer, says currently, about 50%-60% of the AUM comply with ESG principles.
Read More: Asia Asset
