We uphold rigorous standards of transparency and accountability, guided by a framework that establishes a clear responsibility, authority and governance structure.
Framework of Integrity, Governance and Risk Management (FIGR)
Our Framework of Integrity, Governance and Risk Management (FIGR) serves as a guide for the effective management of risks, and to inculcate and embed risk management culture throughout Khazanah. We operate within the framework of a clearly defined mandate that is aligned with the national development objectives.
Commitment to Institutional Good Governance
Khazanah is a signatory of the Malaysian Code for Institutional Investors and a member of the Institutional Investors Council Malaysia. We fully support the six principles of the Code and our full Statement of Compliance is publicly available through our website. In our ongoing efforts to further enhance our governance and accountability framework, we also support and contribute to initiatives and best practices that promote good governance, strong risk management, and long-term sustainability, at both domestic and international levels.
Such initiatives include:
Member of the International Forum of Sovereign Wealth Funds (IFSWF), where we voluntarily endorse the Santiago Principles promoting transparency, good governance, accountability and prudent investment practices whilst encouraging a more open dialogue and deeper understanding of SWF activities.
Signatory of the United Nations-supported Principles for Responsible Investment (UNPRI), where we subscribe to the six principles that provide options for incorporating Environmental, Social and Governance (ESG) elements into our investment practice.
Signatory of the Malaysian Anti-Corruption Commission’s (MACC) Corporate Integrity Pledge, which underlines our firm commitment to integrity and good governance.
Commitment to Responsible Investment
Khazanah is a signatory of the United Nations-Supported Principles for Responsible Investment. As Malaysia’s sovereign wealth fund and guardian of Malaysia’s intergenerational wealth, we have a duty to act in the best long-term interests of our beneficiaries.
We believe that environmental, social and corporate governance issues affect the performance of investment portfolios to varying degrees across companies, sectors, regions, asset classes and through time. We also recognise that applying these Principles may better align investors, including ourselves, with broader objective of society.
The Responsible Investment (RI) Policy outlines Khazanah’s principles and commitments in relation to responsible investment, taking into account environmental, social and governance (ESG) factors to aid management of risk and generate long-term, sustainable returns.
In line with Khazanah's mandate to deliver sustainable value for Malaysians, the Investment Policy Statement outlines our investment mandate, objectives and principles.
Sustainable Investment Policy
Sustainable Investment Policy outlines Khazanah's principles and commitments in relation to responsible investment, taking into account environmental, social and governance (ESG) factors to aid management of risk and generate long-term, sustainable returns.
Shareholder Expectations and Investment Stewardship
The Shareholder Expectations and Investment Stewardship document outlines Khazanah’s expectations towards our investee companies and our investment stewardship principles. It also includes our newly revised Voting Guidelines that govern Khazanah’s voting at general meetings of listed companies.
Code of Business Ethics
As a commitment to integrity, we expect our Business Associates to adhere to the guidelines set out in the Code of Business Ethics (Code). This Code provides guidance to both Khazanah officers and Business Associates on what Khazanah believes to be sustainable business relationships based on the key principles of integrity, honesty, accountability and compliance with applicable laws and regulations.
The Code of Conduct
Khazanah is fully committed to be the standard bearer of good corporate behaviour, and it is every employee’s duty to ensure adherence to the highest ethical standards. As such, the staff Code of Conduct provides guidance on the standards of behaviour expected of all Khazanah’s employees in our business activities.