KUALA LUMPUR: Khazanah Nasional Bhd has launched its sustainability framework and medium-term targets to information the nation’s sovereign wealth fund and its key investee corporations to ship sustainable worth by integrating Environmental, Social and Governance (ESG) issues into their core companies.
Managing director Datuk Amirul Feisal Wan Zahir mentioned sustainability is a core half of its Advancing Malaysia technique launched earlier this 12 months, underneath the pillar of Creating a Sustainable Future.
“To execute a coherent response to sustainability, we’ll undertake an all-of-Khazanah strategy – overlaying all facets of the way it behaves as a accountable investor, as a sustainable organisation, and as a superb company citizen.
“This signifies that sustainability is embedded into the whole lot that we do, from how we handle our investments, to how we function as a agency, and the way we help and contribute to the societal improvement goals of the nation,” he mentioned in his speech on the launch of the Khazanah Sustainability Framework and Targets: Investing in a Sustainable Transition 2022 right here, right now.
The Sustainability Framework launched by Khazanah is designed to be holistic, anchored on the three essential pillars of ESG and focuses on points which most affect the organisation and its portfolio from a business materiality level of view.
Amirul Feisal mentioned Khazanah’s aspiration is to play a number one function in shaping an equitable and accountable transition in direction of a sustainable future for Malaysia.
As the nation’s sovereign wealth fund, he mentioned it’s pivotal for Khazanah to make sure that its actions help and encourage a accountable transition in direction of a more resilient and inclusive economic system.
He additionally identified that as a result of complicated and numerous nature of corporations in its portfolio, Khazanah will take a collaborative strategy to work with its investee corporations to shift in direction of a more sustainable business model, making certain that these corporations stay aggressive and resilient amid challenges, in addition to enabling them to take benefit of sectors and themes benefitting from ESG tailwinds. – Bernama
