Institutional investors can and must assist the government in mainstreaming the sustainability agenda across as many sectors and industries as soon as possible, Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz
He said that MOF has already begun budget-tagging specific measures to ensure that various ministries spend in accordance with our sustainability expectations.
“To maintain the momentum of this mainstreaming process, institutional investors must share key data on how each industry in their ecosystem has ‘shaped up’ in terms of sustainability.
This will enable future policies to be tweaked accordingly to improve Malaysia’s climate adaptation and crisis mitigation strategies as quickly as possible,” he said in a speech at the launch of the “EPF Sustainable Policy in Kuala Lumpur yesterday.
To that end, Zafrul said that it fully supports the EPF, Malaysia’s largest institutional investor and pension fund, for completely embracing sustainable investing and reinforcing its commitment to ESG.
Zafrul said that driven by its commitment to two overarching sustainable investment goals of ESG compliance by 2030 and a climate-neutral portfolio by 2050, the EPF’s Sustainable Investment Policy, Priority Issues Policies, and Priority Sector Policies, are all steps in the right direction towards achieving its sustainable investment ambitions.
This, he said is in addition to laying the foundations for more climate-resilient and socially responsible practices, as well as sound corporate governance, among its investee companies.
