KUALA LUMPUR: Khazanah Nasional Berhad is looking at impact investing in a bid to create social and environmental benefits in its projects.
Impact investing is investment made in companies, organisations and funds with the intention to generate measurable social and environmental impacts alongside financial returns.
Khazanah managing director Tan Sri Azman Mokhtar said yesterday it is scaling up its Trust School programme, which has seen 10 national schools selected for a pioneer project to help improve teaching and learning.
"Perhaps we can mobilise affordable housing as part of our impact investing," Azman said during a session entitled "Beyond Profits: Responsible, Sustainable and Inclusive Business" at the World Capital Markets Symposium yesterday.
The Trust School programme comes under Yayasan Amir, a foundation under Khazanah.
"We have got some good results and are looking to scale up the Trust School programme and could be issuing sukuk to raise funds for this purpose," Azman said.
He also touched on economic growth as a means of advancing social goals.
"As a stakeholder economy, we are facing a situation where corporations are cashed up, while the government is fiscally-challenged and the household debt is rising.
"There is, therefore, increasing pressure on businesses owing to this inequality," he said, adding that businesses will need to adopt a more holistic approach in their operations.