Malaysia’s KWAP to extend ESG mandate to alternative investments

Kuala Lumpur, Malaysia. Photo: Alex Block/Unsplash

The Malaysian pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is looking to extend its current environmental, social and governance (ESG) mandate to alternative investments, including real estate and private equity asset classes.

“We have made a lot of engagement with the industry on our ESG mandate. We have built ESG guidelines on the corporate level, investment and policy, fixed income and equity side. We will apply this to our alternative assets, property and private equity side soon,” said KWAP chief investment officer Nik Amlizan Mohamed.

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