At the launch of the Sustainable Investment Platform (SIP) by Capital Markets Malaysia (CMM) and the Institutional Investors Council Malaysia (IIC), three of Malaysia’s institutional investors, the Employees Provident Fund (EPF), Khazanah Nasional and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) have supported the Principles of Responsible Investment (PRI) by being a signatory in various stages over the past few years.
37 institutional investors have also become signatories to the Malaysian Code for Institutional investors (MCII) to reflect their commitment in observing the six principles of effective stewardship as espoused in the MCII.
The PRI, a proponent of responsible investment, will be Knowledge Partner for the SIP, providing select resources and expert speakers on sustainable investment to the platform.
The PRI was also launched in New York in 2006, and has grown to more than 3,800 signatories, managing over US$103 trillion in assets under management (AUM).
The SIP’s mission to support institutional investors in considering ESG factors in their investment and ownership decisions is one that is also central to PRI’s mission.
In becoming a Knowledge Partner, we look forward to sharing some of our learning, expertise, and tools with the market in Malaysia, and to a dialogue with investors on the opportunities and challenges they face in sustainable investing.” Chief Executive Officer (CEO) of the PRI, Fiona Reynolds.
She also added that the PRI is very pleased to build on PRI’s previous collaborations with both the IIC and CMM which have jointly launched the SIP.
The SIP is to support institutional investors and fund managers build depth in sustainable and responsible investment (SRI) strategies, and will carry out capacity building for data collection, tools and methodologies that will support innovation in sustainable investment strategies.
There are several ongoing initiatives to mainstream sustainable finance in the Malaysian Capital Market, which will enable the country’s transition to a low carbon future.
These include the introduction of the Malaysian Code on Corporate Governance, Guidelines on Sustainable and Responsible Investment Funds, the Sustainable and Responsible Investment Roadmap for the Malaysian Capital Market by the Securities Commission Malaysia.