KUALA LUMPUR: Khazanah Nasional Bhd today launched its sustainability framework and medium-term targets to guide Khazanah and its key investee companies to deliver sustainable value by integrating environmental, social and governance (ESG) considerations into their core business.
At the launch, Khazanah presented its views on the need for businesses to focus on a just and responsible transition.
Managing director Datuk Amirul Feisal Wan Zahir said that as part of its framework, Khazanah had identified sustainable investing and enterprise sustainability as two key action points to help achieve its sustainability targets.
Through sustainable investing, Khazanah will embed ESG considerations into its investment decision making and stewardship of all its investee companies.
"For investments with a significant stake, we have a role to be more active in stewardship and advocacy as a shareholder.
"For smaller stake investments, we will ensure investee companies are committed to ESG transition plans.
"All of our investment actions are geared to manage risk around the material ESG issues at the portfolio, asset class, and company level," he said during his speech at the launching ceremony here today.
Additionally, through Dana Impak, Khazanah will actively invest in catalytic sectors that will help build national resilience and deliver socio-economic benefits to the nation. This includes themes around building climate resilience, providing decent and dignified work, and social mobility for the rakyat.
Concurrently, via its Enterprise Sustainability approach, Khazanah will embed sustainability into its day-to-day operations through better management of its energy usage, material consumption patterns, and travel practices.
Khazanah also aims to create a more significant impact through contributions to society and the community.
This includes continuing its efforts to empower communities, protect the environment, promote the arts, and preserve heritage. This is carried out through its foundations, Yayasan Hasanah and Yayasan Khazanah, and other affiliated entities such as Taman Tugu, Think City and Khazanah Research Institute.