KUALA LUMPUR (Sept 25): Permodalan Nasional Bhd (PNB) is targeting RM15 billion in green and transition asset investments and RM500 million in impactful social investments by 2030 under its newly unveiled Sustainability Framework 2026 (SF 2026).
Anchored by the statement “Investing Responsibly, Empowering Generations”, SF 2026 strengthens PNB’s approach to sustainability by embedding environmental, social and governance (ESG) considerations across its investments, operations and stewardship activities.
According to the statement issued on Friday, the framework is built around three strategic anchors — advancing organisational sustainability, responsible stewardship, and strengthening the nation-building agenda — with 16 measurable targets through 2030 and beyond.
PNB president and group chief executive Datuk Rizal Rickman Ramli said sustainability has always been integral to how PNB fulfils its mandate.
“When we introduced our Sustainability Framework in 2022, we made a deliberate commitment to turn our sustainability ambitions into measurable action. Now, we have progressively achieved eight of the 10 targets we set and made meaningful progress across our broader sustainability agenda,” he said.
This includes achieving its Net Zero Enterprise 2025 target, ensuring 100% of its electricity use is supported by renewable energy certificates for PNB Enterprise, and investing RM8.1 billion in green and transition assets.
“We have made good strides in strengthening workplace practices and responsible investment across our portfolio. These tangible outcomes demonstrate how sustainability has become embedded in the way we invest, operate and fulfil our role as a responsible institutional investor,” Rizal said.
He added that SF 2026 is therefore not a reset, but a progression, building on the foundations established over the past four years and setting a higher bar for PNB, with greater emphasis on responsible investment, long-term stewardship, social impact and nation building.
“As an institution entrusted with the savings of millions of Malaysians, we must ensure that the value we create endures across generations, while contributing to a more resilient, inclusive and sustainable Malaysia,” he said.
Under Advancing Organisational Sustainability, PNB will continue strengthening sustainability within its own operations. This includes maintaining net zero scope 1 and scope 2 emissions, supporting its longer-term aspiration of achieving net zero emissions by 2050, reducing indirect emissions from business travel and strengthening sustainable procurement.
Under Responsible Stewardship, PNB will use its position as a significant institutional investor to encourage stronger and more sustainable businesses.
The framework introduces targets related to portfolio decarbonisation, climate resilience, nature and biodiversity considerations, as well as fair and equitable employment practices, including labour and living wage principles.
“These efforts are ultimately aimed at strengthening the resilience and long term competitiveness of the companies in which Malaysians’ savings are invested,” PNB noted.
The third anchor, Strengthening the Nation-Building Agenda, focuses on bringing the impact of PNB’s investments directly back to Malaysians through social and financial inclusion and impactful social investments.
This includes initiatives spanning talent development, scholarships, community investment, financial literacy, heritage preservation and broader social impact.
PNB said the commitments reflect a broader view of how capital can create impact — not only through generating sustainable financial returns, but also by supporting the transition towards a more resilient economy, expanding opportunities and investing back into society.
“At its core, SF 2026 closes the loop between investing for Malaysians and investing in Malaysians, ensuring that the value created today can continue empowering generations to come,” it added.