KUALA LUMPUR (Reuters) -Malaysian public sector pension fund Kumpulan Wang Persaraan (KWAP) said on Thursday it had launched the country’s first climate-focused investment fund, with a target deployment of 2 billion ringgit ($475 million).
It said the “Dana Iklim +” fund will seek climate-focused investments across infrastructure, private equity, real estate and nature-based solutions, and aims to support Malaysia’s transition “to a low-carbon, climate-resilient economy.”Malaysia has pledged to cut its greenhouse gas emissions, and is targeting net-zero emissions by 2050.
($1 = 4.2250 ringgit)
(Reporting by Rozanna Latiff; Editing by John Mair)
