Permodalan Nasional Bhd (PNB) has been named Malaysia’s leading sovereign investor and ranked 17th globally in the 2025 Governance, Sustainability and Resilience (GSR) Scoreboard released by United States-based research firm Global SWF.
The GSR Scoreboard is widely regarded as a benchmark for best practices among state-owned investors worldwide, assessing over 200 sovereign wealth funds (SWF) and public pension funds on governance standards, sustainability commitments and institutional resilience.
In its statement today, PNB reported an overall score of 84 per cent, achieving a perfect 10 out of 10 in the sustainability category. This accolade reflects recognition for its climate targets, environmental, social and governance (ESG) integration, and transparency in reporting.
“This ranking highlights the significant progress PNB has made in strengthening governance, embedding sustainability throughout its investment processes and enhancing long-term institutional resilience,” the fund said.
PNB Deputy President and Group Chief Executive Datuk Rick Ramli noted the achievement underscores the organisation’s efforts to embed responsible and sustainable practices across its operations and investment activities.
“It is also a strong encouragement for us to continue driving long-term value creation for our unit holders and the broader Malaysian economy, consistent with PNB’s purpose of uplifting the financial lives of Malaysians across generations,” he said.
PNB reported notable progress towards its climate goals, including a 98 per cent reduction in Scope 1 and 2 emissions from its 2022 baseline, supporting its ambition to achieve net zero operations by 2025.
At the portfolio level, the fund aims to reach a net-zero investment portfolio by 2050 and has already channelled RM5.5 billion into green and transition assets, representing 55 per cent of its RM10 billion target by 2030.
Since 2023, PNB has implemented a living wage policy for its employees and is actively encouraging its investee companies to adopt similar practices under the government’s GEARuP initiative.
-Bernama
