Latest news with #KWAP
The Sun
2 days ago
- Business
- The Sun
KWAP and Malaysia Forest Fund ink MoU
KUALA LUMPUR: Kumpulan Wang Persaraan (KWAP) recently signed a memorandum of understanding (MoU) with the Malaysia Forest Fund (MFF) aimed at advancing Malaysia's sustainability agenda through forest-based solutions. This partnership marks a significant step towards supporting Malaysia's transition to a net-zero economy and reinforces KWAP's commitment to achieve Net Zero Portfolio by 2050, a key element of its broader Environmental, Social, and Governance (ESG) strategy. The signing ceremony, held in conjunction with the KWAP Inspire Satellite 2025 event and witnessed by Datuk Johan Mahmood Merican, the Secretary General of Treasury, Ministry of Finance and KWAP's chairman, marks the beginning of a collaboration to advance forest conservation and nature-based solutions (NBS). This MoU also supports the development of credible and scalable national carbon credits to help KWAP's investee companies meet their decarbonisation goals. KWAP CEO Datuk Nik Amlizan Mohamed said: 'The collaboration with MFF will be a game-changer for both KWAP and Malaysia's broader sustainability efforts. As a responsible institutional investor, KWAP is committed to driving stewardship through impactful actions and pursuing purpose beyond returns. By contributing to the development of a credible, nationally anchored carbon ecosystem, we aim to empower our investee companies with the tools they need to meet their net-zero commitment while also making significant contributions to Malaysia's climate and biodiversity goals.' The MoU features the Forest Conservation Certificate (FCC) to support domestic conservation initiatives, focusing on preserving Malaysia's vital biodiversity and ecosystems. In addition, MFF will oversee the development of the Forest Carbon Offset (FCO), a market-based mechanism that allows companies to offset their emissions through investments in forest conservation projects that reduce, remove, and avoid carbon emissions. Through this MoU, KWAP has become a participant in the National Forest Carbon Offset (FCO) Technical Working Group (TWG), established by MFF. The TWG aims to ensure the needs of institutional investors – including the nuances of ESG investing, are integrated into the framework, where relevant. This participation will also help align FCO standards with international carbon market requirements and best practices. These initiatives, aligned with Malaysia's National Climate Change Policy 2.0, aim to drive knowledge-sharing and capacity-building efforts to enhance participants' skills in forest management and carbon offsetting. This includes supporting the achievement of targets such as a 45% reduction in carbon intensity by 2030 and Net Zero GHG Emissions by 2050, as well as Malaysia's commitment to maintaining at least 50% forest and tree cover. MFF CEO Datuk Shah Redza Hussein said: 'This collaboration with KWAP is a pivotal step in our mission to strengthen Malaysia's carbon market, achieving the nation's sustainability targets and accelerate meaningful climate action. By leveraging nature-based solutions, particularly through the Forest Conservation Certificate and the upcoming Forest Carbon Offset, we are creating a pathway for businesses towards achieving net-zero goals while supporting forest conservation, aligning with national climate commitments. 'Our work with KWAP and other stakeholders will drive long-term environmental and economic benefits, not only for Malaysia but for the global community as we strive towards a greener and more resilient future.' The collaboration positions KWAP as a thought leader in sustainability, enhancing its reputation in the financial sector while contributing valuable insights to both domestic and international markets. By exploring potential integration of nature-based solutions into its ESG investment and non-investment strategies, KWAP reinforces its role in advancing Malaysia's decarbonisation agenda and setting a strong example for other institutional investors. Looking ahead, KWAP and MFF will continue to explore opportunities to enhance the Forest Carbon Offset system and other potential nature-based solutions initiatives, ensuring they become key drivers for sustainable development in Malaysia. The partnership will also support ongoing efforts to build local capacity for biodiversity and forestry management, ensuring that the benefits of the projects reach the communities directly involved. Additionally, KWAP will seek to build upon its collaboration with MFF by engaging interested parties in driving collective action, with the hopes of exploring potential collaborations with fellow GLICs and relevant organisations, in line with the Ministry of Finance's Government-linked Enterprise Activation and Reform Programme (GEAR-uP) initiative, aimed at synergising efforts across Government-linked Entities for national impact. This collaboration represents a critical next step in KWAP's broader commitment to empowering partnerships that drive collective action for sustainability, as outlined in its Sustainability Pledge 2, 'Empower Partnerships for Collective Action.' By joining forces with MFF and other stakeholders, KWAP is helping to preserve Malaysia's forests and the communities that depend on them for future generations.
The Star
3 days ago
- Business
- The Star
KWAP finalises 12 general partners under Dana Pemacu's RM6bil fund allocation
KUALA LUMPUR: The Retirement Fund Inc (KWAP) today announced the shortlisted 12 global general partners (GPs) with an allocation of RM6 billion across both conventional and Shariah-compliant funds under the Dana Pemacu initiative. In a statement, KWAP said the funds will be channelled into three key asset classes, namely private equity, infrastructure, and real estate, targeting key economic sectors including food security, education, silver economy and healthcare, energy transition, digital economy, financial inclusion and other critical priorities under the MADANI Economy framework. It said Dana Pemacu, launched in May 2024, plays a pivotal role in advancing Malaysia's economic transformation by strategically deploying diversified and commercially viable investments to enhance the value and impact of government-linked investment company investments. "By adopting a co-general partner (Co-GP) model, which pairs global investment managers with local talent, Dana Pemacu strengthens Malaysia's private market ecosystem, driving sustainable growth, enhancing domestic capacity, and bringing global expertise to the local market while fostering economic resilience across key sectors,' said KWAP. It said that for private equity, Investcorp, Navis Capital Partners, Nexus Point, and The Vistria Group are the selected GPs, and as for infrastructure, the mandate is allocated to Climate Fund Managers, DigitalBridge, I Squared Capital, and Seraya Partners. "Under the real estate mandate, the GPs are Castleforge Partners Limited, Lendlease Investment Management Pte Ltd, Savills Investment Management, and TrustCapital Advisors Investment Management Pte Ltd. "As part of the Co-GP model under Dana Pemacu, all global GPs have also finalised the selection of local partners pursuant to their thorough assessment process and are currently undergoing the necessary regulatory approvals,' it said. Chief executive officer Datuk Nik Amlizan Mohamed said KWAP received positive interest from global GPs since the launch of Dana Pemacu, with more than 40 submissions obtained for consideration. "Following rigorous evaluation and due diligence processes, KWAP has shortlisted these 12 global GPs that would further contribute meaningfully to Malaysia's private market ecosystem. "KWAP recognises the strengths of the selected global GPs as they have proven track records and experience in managing investments and driving performance,' she said. Aligned with KWAP's objective to support the domestic economy, the majority of KWAP's total investment under Dana Pemacu will be deployed in Malaysia, and in Shariah-compliant opportunities. - Bernama
The Sun
3 days ago
- Business
- The Sun
KWAP selects 12 global partners for RM6b Dana Pemacu fund
KUALA LUMPUR: The Retirement Fund Inc (KWAP) has finalised 12 global general partners (GPs) for its Dana Pemacu initiative, allocating RM6 billion across conventional and Shariah-compliant funds. The fund will focus on private equity, infrastructure, and real estate, supporting key sectors like food security, healthcare, and digital economy under the MADANI Economy framework. Launched in May 2024, Dana Pemacu aims to drive Malaysia's economic transformation through strategic investments. The co-general partner (Co-GP) model pairs global investment managers with local talent, enhancing Malaysia's private market ecosystem. Selected GPs for private equity include Investcorp, Navis Capital Partners, Nexus Point, and The Vistria Group. Infrastructure mandates go to Climate Fund Managers, DigitalBridge, I Squared Capital, and Seraya Partners. Real estate partners are Castleforge Partners Limited, Lendlease Investment Management, Savills Investment Management, and TrustCapital Advisors. KWAP CEO Datuk Nik Amlizan Mohamed noted strong interest from global GPs, with over 40 submissions reviewed. The final 12 were chosen for their proven track records in investment management. Most of KWAP's investments under Dana Pemacu will be deployed domestically, with a focus on Shariah-compliant opportunities.
New Straits Times
3 days ago
- Business
- New Straits Times
KWAP shortlists 12 global partners under RM6bil Dana Pemacu initiative
KUALA LUMPUR: Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has shortlisted 12 global general partners (GPs) with an allocation of RM6 billion across both conventional and Syariah-compliant funds under the Dana Pemacu initiative. The funds will be channelled into three key asset classes, which are private equity, infrastructure and real estate. KWAP said in a statement that this initiative focuses on key economic sectors such as food security, education, the silver economy and healthcare, energy transition, the digital economy, financial inclusion, and other critical priorities aligned with the Ekonomi Madani framework. Launched in May 2024, Dana Pemacu by KWAP plays a pivotal role in advancing Malaysia's economic transformation through the strategic deployment of diversified and commercially viable investments to enhance the value and impact of government-linked investment company (GLIC) investments. By prioritising efficiency in resource allocation, this initiative focuses on driving carefully tailored investments that align with national priorities into high-growth Malaysian companies and critical sectors. This will also support the government's reforms under the GEAR-uP initiative to "Raise the Ceiling", as part of the broader Ekonomi Madani framework. By adopting a co-general partner (co-GP) model, which pairs global investment managers with local talent, Dana Pemacu strengthens Malaysia's private market ecosystem, driving sustainable growth, enhances domestic capacity and brings global expertise to the local market while fostering economic resilience across key sectors. For private equity, the selected GPs are Investcorp, Navis Capital Partners, Nexus Point and The Vistria Group. For infrastructure, the mandate is allocated to Climate Fund Managers, DigitalBridge, I Squared Capital and Seraya Partners. Under the real estate mandate, the GPs are Castleforge Partners Limited, Lendlease Investment Management Pte Ltd, Savills Investment Management, and TrustCapital Advisors Investment Management Pte Ltd. As part of the Co-GP model under Dana Pemacu, all global GPs have also finalised the selection of local partners pursuant to their thorough assessment process and are currently undergoing the necessary regulatory approvals. KWAP chief executive officer Datuk Nik Amlizan Mohamed said the agency received positive interest from global GPs since the launch of Dana Pemacu, with more than 40 submissions obtained. "Following rigorous evaluation and due diligence processes, we have shortlisted these 12 global GPs that would further contribute meaningfully to Malaysia's private market ecosystem. "KWAP recognises the strengths of the selected global GPs, as they have a proven track record and experience in managing investments and driving performance," she said. Aligned with KWAP's objective to support the domestic economy, the majority of KWAP's total investment under Dana Pemacu will be deployed in Malaysia and in Syariah-compliant opportunities. As part of the diversification strategy, the remainder will be invested across international markets to generate sustainable, long-term, risk-adjusted returns.
The Star
13-06-2025
- Business
- The Star
KWAP, MFF INK MOU TO ACCELERATE BIODIVERSITY, NET ZERO GOALS
KUALA LUMPUR: The Retirement Fund Inc (KWAP) signed a memorandum of understanding (MoU) yesterday with the Malaysia Forest Fund (MFF) aimed at advancing Malaysia's sustainability agenda through forest-based solutions. The partnership is a step in supporting Malaysia's transition to a net-zero economy and reinforces KWAP's commitment to achieve Net Zero Portfolio by 2050, a key element of its broader environmental, social and governance (ESG) strategy. The signing ceremony, held in conjunction with the KWAP Inspire Satellite 2025 event and witnessed by Secretary General of the Treasury and KWAP's chairman Datuk Johan Mahmood Merican, marks the beginning of a collaboration to advance forest conservation and nature-based solutions (NBS). This MoU also supports the development of credible and scalable national carbon credits to help KWAP's investee companies meet their decarbonisation goals. KWAP chief executive officer (CEO) Datuk Nik Amlizan Mohamed said, 'The collaboration with MFF will be a game-changer for both KWAP and Malaysia's broader sustainability efforts. 'As a responsible institutional investor, KWAP is committed to driving stewardship through impactful actions and pursuing purpose beyond returns. 'By contributing to the development of a credible, nationally anchored carbon ecosystem, we aim to empower our investee companies with the tools they need to meet their net-zero commitment while also making significant contributions to Malaysia's climate and biodiversity goals.' The MoU features the Forest Conservation Certificate (FCC) to support domestic conservation initiatives, focusing on preserving Malaysia's vital biodiversity and ecosystems. MFF will also oversee development of the Forest Carbon Offset (FCO), a market-based mechanism that allows companies to offset their emissions through investments in forest conservation projects that reduce, remove and avoid carbon emissions. Through this MoU, KWAP has become a participant in the National Forest Carbon Offset (FCO) technical working group (TWG), established by MFF. The group aims to ensure the needs of institutional investors – including the nuances of ESG investing, are integrated into the framework, where relevant. This participation will also help align FCO standards with international carbon market requirements and best practices. These initiatives, aligned with Malaysia's National Climate Change Policy 2.0, aim to drive knowledge-sharing and capacity-building efforts to enhance participants' skills in forest management and carbon offsetting. This includes supporting the achievement of targets such as a 45% reduction in carbon intensity by 2030 and Net Zero GHG Emissions by 2050, as well as Malaysia's commitment to maintaining at least 50% forest and tree cover. MFF CEO Datuk Shah Redza Hussein said, 'This collaboration with KWAP is a pivotal step in our mission to strengthen Malaysia's carbon market, achieving the nation's sustainability targets and accelerating meaningful climate action. 'By leveraging nature-based solutions, particularly through the Forest Conservation Certificate and the upcoming Forest Carbon Offset, we are creating a pathway for businesses towards achieving net-zero goals while supporting forest conservation, aligning with national climate commitments. 'Our work with KWAP and other stakeholders will drive long-term environmental and economic benefits, not only for Malaysia but for the global community as we strive towards a greener and more resilient future.' The collaboration puts KWAP as a sustainability thought leader, enhancing its reputation in the financial sector while contributing valuable insights to both domestic and international markets. By exploring potential integration of nature-based solutions into its ESG investment and non-investment strategies, KWAP reinforces its role in advancing Malaysia's decarbonisation agenda and setting a strong example for other institutional investors. KWAP and MFF will continue to explore opportunities to enhance the Forest Carbon Offset system and other potential nature-based solutions initiatives, ensuring they become key drivers for sustainable development in Malaysia. The partnership will also support ongoing efforts to build local capacity for biodiversity and forestry management, ensuring that the benefits of the projects reach the communities directly involved. KWAP also build on its MFF collaboration by engaging with interested parties to drive collective action, with the hopes of exploring potential collaborations with fellow GLICs and relevant organisations, in line with the Ministry of Finance's Government-linked Enterprise Activation and Reform Programme (GEAR-uP) initiative, aimed at synergising efforts across Government-linked Entities for national impact. This collaboration represents a critical next step in KWAP's broader commitment to empowering partnerships that drive collective action for sustainability, as outlined in its Sustainability Pledge 2, 'Empower Partnerships for Collective Action.' By joining forces with MFF and other stakeholders, KWAP helps preserve Malaysia's forests and the communities that depend on them for future generations.
