Green-washing Will Not Help Civil Service Pensions.

The article discusses the challenges faced by Kumpulan Wang Persaraan (KWAP), Malaysia’s civil service pension fund, in managing its pension obligations. Despite KWAP’s efforts to shift towards green and Islamic investments, the author argues that these strategies may not yield the necessary long-term returns. The article highlights that KWAP has consistently underperformed, covering only a small fraction of the pension costs, with the majority being funded by taxpayers. The author suggests that while the focus on ESG (Environmental, Social, and Governance) and Islamic investments is well-intentioned, it may not be sufficient to address the growing pension burden