Malaysia's state fund targets $3.7B to channel into green energy 2030
<p>Kuala Lumpur: Malaysia’s state-owned investment firm Permodalan Nasional Berhad (PNB) plans to direct 15 billion ringgit (around $3.68 billion) into green and climate transition assets by 2030, alongside 500 million ringgit targeted for social impact initiatives.</p> <p>The targets were outlined in PNB's newly unveiled Sustainability Framework 2026, which sets out the fund's approach to…
Kuala Lumpur: Malaysia's state-owned investment firm, Permodalan Nasional Berhad (PNB), intends to invest 15 billion ringgit (approximately $3.68 billion) in green and climate transition assets by 2030, alongside allocating 500 million ringgit to social impact initiatives, according to its newly unveiled Sustainability Framework 2026.
The framework emphasizes the importance of sustainability in protecting long-term value in the face of geopolitical uncertainty, economic shifts, and climate-related risks, which could impact businesses, investments, and the financial future of Malaysians.
PNB's commitments are part of a broader strategy for capital allocation, aiming to generate sustainable financial returns while supporting the transition to a more resilient economy, opening up new opportunities, and investing in society.
Written by urgent.news from The Peninsula Qatar's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
