PNB targets RM15bil green investments under enhanced framework
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is targeting RM15 billion in green and transition asset investments by 2030, building on the RM8.1 billion already invested as it strengthens its sustainability agenda.
Permodalan Nasional Bhd (PNB) is aiming to invest RM15 billion in green and transition assets by 2030, expanding on the RM8.1 billion already committed. The country's largest fund manager is also planning to allocate RM500 million to social investments under its enhanced Sustainability Framework 2026 (SF 2026). SF 2026 sets 16 quantifiable environmental, social and governance (ESG) objectives across PNB's investments, operations and stewardship activities.
Building on the 2022 sustainability framework, SF 2026 seeks to enhance long-term resilience while ensuring Malaysians' savings benefit future generations. PNB has identified three strategic anchors: advancing organisational sustainability, responsible stewardship and strengthening the nation-building agenda. For organisational sustainability, PNB will strive for net-zero Scope 1 and Scope 2 emissions, reduce indirect emissions from business travel, enhance sustainable procurement, and improve accessibility and inclusivity.
Responsible stewardship will focus on portfolio decarbonisation, climate resilience, nature and biodiversity, and fair employment practices. Strengthening the nation-building agenda will involve social and financial inclusion, talent development, scholarships, community investment, financial literacy, and heritage preservation. PNB's president and group chief executive, Datuk Rizal Rickman Ramli, stated that SF 2026 represents a progression of PNB's sustainability efforts since 2022 and emphasizes responsible investment, long-term stewardship, social impact, and nation-building.
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