Skip to main content
National Social Security Fund Integrated Report 2026
04 Our Governance 10 Governance Disclosures and Conclusion
94 / 99

Our governance

Responsible investments

As a prudent institutional investor, we align with responsible investment standards in our decision-making. This approach promotes good governance, supports sustainable value creation and encourages responsible business practices in the companies and assets in which we invest.

Investment approval process

IA

Investing member funds is a thorough process that requires Board approval, in consultation with the Minister of Finance, Planning and Economic Development, as provided under Section 31 of the NSSF Act. We focus on mature markets and investment opportunities that offer sustainable risk-adjusted returns while supporting our long-term investment objectives.

Growth and asset allocation

GA

We manage our growth through a Strategic Asset Allocation Policy established under our comprehensive investment strategy, balancing prudent decision-making with the goal of delivering consistent returns for our members. The policy guides investment decisions across asset classes and supports the long-term sustainability of the Fund.

Investment oversight

IO

The Investments and Project Monitoring Committee (IPMC) leads oversight of our investment activities, ensuring that investment policies and strategies are properly implemented. The Committee, together with the Board, monitors portfolio performance, investment risks and opportunities, and supports the continued integration of responsible investment practices across the Fund.

Up nextResponsible investment approach
RI

Responsible investment approach

Environmental, Social and Governance (ESG) considerations have long been embedded in the Fund’s investment framework and are a key criterion in evaluating investment opportunities. Governance standards and social impact criteria, particularly contribution to employment creation and national development, have always been central to how the Fund invests.

Environmental factors, assessed where relevant, have gained greater prominence more recently as global standards have evolved.

The Fund therefore believes that companies which take ESG principles into account carry lower risk and generate more durable long-term value than those with weaker practices. Underpinning this philosophy is effective research, analysis and evaluation of ESG issues as fundamental to assessing an investment's value and performance over the long term.

DD

Due diligence and investment assessment

Our investment teams conduct comprehensive due diligence on prospective investments. In addition to financial considerations, relevant ESG risks and opportunities are considered as part of the investment evaluation process to support informed decision-making and responsible stewardship of members’ funds.

For listed equities, this includes a quality screen that avoids the most environmentally or socially damaging industries and businesses with weak governance, on the basis that such business models are unsustainable and unlikely to deliver high returns over the long term.

For initial public offerings, the assessment also weighs the strength of the issuer's corporate governance, its adherence to equal-opportunity practices, its compliance with statutory NSSF remittances, and its overall contribution to economic development.

Up nextResponsible investment policy

Responsible investment policy

RP

Our commitment to responsible investing is formalised in the Fund’s Investment policy and Investment Procedures Manual, which set out how ESG factors are assessed in the Fund’s investment decisions.

Monitoring and review

The Board actively oversees responsible investments through:

01

Thorough evaluation of investment proposals in consultation with the relevant Minister.

02

Quarterly reviews of the performance of real estate, equities and fixed income investments against approved targets.

03

Consideration of ESG-related risks and opportunities in investment discussions and oversight processes.

04

Regular reviews of strategic asset allocation to align with market developments and long-term investment objectives.

05

Ongoing enhancement of ESG-related reporting and monitoring practices to support responsible investment decision-making.

Up nextLooking ahead: strengthening our responsible investment framework

Responsible investments

Looking ahead: strengthening our responsible investment framework

ESG considerations are, and will remain, a key criterion in how the Fund evaluates its investments. As global standards and disclosure practices continue to evolve, environmental factors in particular, the Fund will keep refining how it assesses, monitors and reports on these factors. This will ensure that its investment decisions continue to manage risk, support sustainable value creation and contribute positively to economic, social and environmental outcomes.

Up nextInternal controls and assurance: closing the loop

NSSF Integrated Report 2026

Ways to navigate

Choose how you would like to explore the digital publication.

Viewing on a laptop

For the best experience on a laptop, view the report in full screen.

In Chrome, open the three-dot menu at the top right, then select the full-screen icon beside Zoom.

To exit, move your pointer to the top of the screen and select the exit full-screen button.

Move through the report in the way that works best for you.

Contents Overview

Quick access

NSSF Integrated Report 2026

Search the Report

Start typing to search the Integrated Report.

Downloads

Download the full report, complete chapters or selected report sections.

01

Report Overview

02

Our Business

03

Our Strategy

04

Our Governance

05

Our Sustainability

06

Our Performance

No sections selected

Share This Page