Retirement Fund
Retirement Fund (Incorporated), commonly known as KWAP, is a prominent player in the Malaysian financial services industry, headquartered in Kuala Lumpur, Malaysia. Established in 2007, KWAP has made significant strides in managing retirement savings for public sector employees, focusing on sustainable investment strategies and long-term financial security. The fund primarily offers pension fund management and investment services, distinguishing itself through its commitment to transparency and responsible investing. With a diverse portfolio that spans various asset classes, KWAP aims to optimise returns while ensuring the stability of its members' retirement funds. Recognised for its robust governance and innovative investment approaches, KWAP has solidified its position as a leading retirement fund in Malaysia, contributing to the financial well-being of thousands of public sector workers across the nation.
DitchCarbon Score
How does Retirement Fund's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Retirement Fund's score of 22 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Retirement Fund's reported carbon emissions
In 2022, Retirement Fund, headquartered in Malaysia, reported total carbon emissions of approximately 6,365,134,510 kg CO2e. This figure includes emissions across all scopes: Scope 1 emissions were about 38,570 kg CO2e, while Scope 2 emissions totalled approximately 550,820 kg CO2e. The most significant contributor to their carbon footprint was Scope 3 emissions, which accounted for around 3,508,190 kg CO2e. Notably, the majority of these Scope 3 emissions stemmed from investments, amounting to approximately 5,806,753,670 kg CO2e, alongside other categories such as purchased goods and services (about 2,024,420 kg CO2e) and employee commute (approximately 1,034,790 kg CO2e). Despite the substantial emissions reported, there are currently no specific reduction targets or climate pledges disclosed by Retirement Fund. This absence of formal commitments highlights a potential area for improvement in their climate strategy. As the industry increasingly prioritises sustainability, Retirement Fund may benefit from establishing clear reduction initiatives to align with global climate goals.
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Add to project| 2022 | |
|---|---|
| Scope 1 | 38,570 |
| Scope 2 | 550,820 |
| Scope 3 | 3,508,190 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Retirement Fund is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
