Malaysian pension fund Kumpulan Wang Persaraan (KWAP) has launched its first climate-focused investment fund to help advance the country’s goal to achieve net zero greenhouse gas emissions by 2050.
The 2 billion ringgit (US$472.5 million) climate fund, called Dana Iklim+, will invest in a wide range of asset classes including infrastructure, private equity, real estate and nature-based solutions, and aims to deliver sustainable financial returns and measurable environmental impact, KWAP says in a statement on October 17.
The fund’s creation reflects KWAP’s commitment to align its investment strategy with Malaysia’s climate goals, according to Hazman Hilmi Sallahuddin, chief investment officer of the pension fund.
“Dana Iklim+ demonstrates how institutional capital can drive both environmental impact and sustainable economic growth. Through this fund, we aim to invest in solutions that create lasting value for Malaysia’s future,” he says.
KWAP, Malaysia’s second largest pension fund, manages the retirement savings of civil servants, with 185.6 billion ringgit of assets under management as of end-2024.
