Latest news with #andResilience
New Straits Times
16-07-2025
- Business
- New Straits Times
PNB named top Malaysian sovereign investor, 17th globally in global SWF rankings
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has been recognised as the top Malaysian sovereign investor and ranked 17th globally in the 2025 GSR (Governance, Sustainability, and Resilience) Scoreboard published by United States-based research firm Global SWF. The GSR Scoreboard has become the measuring stick of best practices among state-owned investors around the world. It evaluates more than 200 sovereign wealth funds (SWF) and public pension funds worldwide on governance practices, sustainability commitments and institutional resilience. In a statement today, PNB said it received an overall score of 84 per cent, including a perfect 10 out of 10 for sustainability, in recognition of its climate targets, environmental, social and governance (ESG) integration, and transparency in reporting. "The ranking reflects the significant progress PNB has made in strengthening governance, embedding sustainability across its investment processes, and enhancing its long-term institutional resilience," it said. PNB deputy president and group chief executive Datuk Rick Ramli said the ranking reflects the fund's ongoing efforts to incorporate responsible and sustainable practices in its operations and investment activities. "It is also a strong encouragement for us to continue pushing for long-term value creation for our unit holders and the wider Malaysian economy, in line with PNB's purpose of uplifting the financial lives of Malaysians across generations," he said. PNB said that notable progress includes a 98 per cent reduction in Scope 1 and 2 emissions from its 2022 baseline, in line with its target to achieve net zero operations by 2025. On portfolio-level targets, PNB has pledged to achieve a net-zero investment portfolio by 2050 and has so far channelled RM5.5 billion into green and transition assets, representing 55 per cent of its RM10 billion target by 2030. PNB has also implemented a living wage policy for its employees since 2023 and is now encouraging its investee companies to adopt similar practices under the government's GEAR-uP initiative. -- BERNAMA
Barnama
16-07-2025
- Business
- Barnama
PNB Named Top Malaysian Sovereign Investor, 17th Globally In Global SWF Rankings
BUSINESS KUALA LUMPUR, July 16 (Bernama) -- Permodalan Nasional Bhd (PNB) has been recognised as the top Malaysian sovereign investor and ranked 17th globally in the 2025 GSR (Governance, Sustainability, and Resilience) Scoreboard published by United States-based research firm Global SWF. The GSR Scoreboard has become the measuring stick of best practices among state-owned investors around the world. It evaluates more than 200 sovereign wealth funds (SWF) and public pension funds worldwide on governance practices, sustainability commitments and institutional resilience. In a statement today, PNB said it received an overall score of 84 per cent, including a perfect 10 out of 10 for sustainability, in recognition of its climate targets, environmental, social and governance (ESG) integration, and transparency in reporting. 'The ranking reflects the significant progress PNB has made in strengthening governance, embedding sustainability across its investment processes, and enhancing its long-term institutional resilience,' it said. PNB deputy president and group chief executive Datuk Rick Ramli said the ranking reflects the fund's ongoing efforts to incorporate responsible and sustainable practices in its operations and investment activities. 'It is also a strong encouragement for us to continue pushing for long-term value creation for our unit holders and the wider Malaysian economy, in line with PNB's purpose of uplifting the financial lives of Malaysians across generations,' he said. PNB said that notable progress includes a 98 per cent reduction in Scope 1 and 2 emissions from its 2022 baseline, in line with its target to achieve net zero operations by 2025. On portfolio-level targets, PNB has pledged to achieve a net-zero investment portfolio by 2050 and has so far channelled RM5.5 billion into green and transition assets, representing 55 per cent of its RM10 billion target by 2030. PNB has also implemented a living wage policy for its employees since 2023 and is now encouraging its investee companies to adopt similar practices under the government's GEAR-uP initiative.
Libya Review
02-07-2025
- Business
- Libya Review
Libya Achieves World's Highest Growth Rate Among Sovereign Funds
The Libyan Investment Authority (LIA) has recorded the highest growth rate globally among sovereign wealth funds in 2025, according to a recent report released by Global SWF, an organization that monitors governance, sustainability, and resilience efforts of leading state-owned investors worldwide. In a statement published on its official Facebook page, the LIA announced its notable progress in this year's Governance, Sustainability, and Resilience (GSR) scoreboard, a global benchmark that evaluates state-owned investment funds based on strategic clarity, governance standards, financial transparency, investment policies, sustainability practices, and risk management. According to the report, the Libyan Investment Authority achieved an overall score of 84%, marking a 32% increase compared to the previous year—the highest growth rate among sovereign wealth funds worldwide for 2025. The LIA noted that this result reinforces its growing prominence at both the regional and continental levels, ranking third in the Arab world and second in Africa on the GSR index. The authority attributed this success to a series of ongoing reforms and best practices implemented in recent years, including enhanced governance, greater financial disclosure, and improved adaptability to the rapidly evolving global investment environment. Over a six-year period, the LIA's GSR score has surged from just 4% to 84%, reflecting the effectiveness of its long-term institutional reforms. The LIA emphasized that this achievement aligns with the execution of its 2025–2027 strategy, which places a strong focus on transparency, corporate governance, and adherence to international best practices. Tags: Global SWFGSR indexLIAlibya
Business Wire
30-06-2025
- Business
- Business Wire
Global SWF Reevaluates Best Practices of Sovereign Investors; Nine Funds Demonstrate Excellence.
NEW YORK & SINGAPORE--(BUSINESS WIRE)--Today, Global SWF has published the sixth edition of its GSR (Governance, Sustainability, and Resilience) Scoreboard, which has become the measuring stick of best practices among State-Owned Investors around the world. The report is available on The annual exercise analyzes the world's 200 largest Sovereign Wealth Funds and Public Pension Funds, which manage US$ 29.4 trillion on behalf of 80 countries. The assessment is based on 25 different elements that are answered binarily based on public information only, and that this year led to the following results: The average GSR score of all funds stayed flat at 61%. Sustainability scores continue to rise, but the average Governance score slightly dropped due to transparency issues. Geopolitics and trade tensions are taking over from sustainability as key concerns of the C-suite at Sovereign Investors, some of which are turning more domestic, isolated, and opaque. Seven new institutions committed to net zero goals by certain timeline in the past 12 months – however, only 35% of the 200 Sovereign Investors are pursuing such targets. Regions showing best practices (North America, Europe and Oceania) continued to do better, while regions failing the GSR test (Latam, Middle East, Africa, and Asia) scored worse than last year. Dilhan Pillay Sandrasegara, Executive Director and CEO of Temasek Holdings, commented: ' We are honoured to receive this recognition as one of the top-scoring investors for the third year running. Global SWF's independent assessment to address key areas such as transparency and accountability, impact and responsible investing, and long-term survival is aligned to Temasek's focus on governance, sustainability and resilience. As stewards of our assets, Temasek will continue to focus on good governance practices and strengthen the resilience of our portfolio amidst the tumultuous uncertainties, geopolitics and trade tensions. We are encouraged by the consistent efforts of the Global SWF to encourage the sharing of best practices amongst our global peers, as we endeavour to contribute towards a more sustainable and resilient world for this and future generations.' Gordon J. Fyfe, CEO and CIO of BCI, stated: 'For 25 years, strong governance and responsible investing practices have underpinned BCI's approach – enabling us to deliver for our clients and create enduring value in British Columbia and beyond. Earning this recognition for a second consecutive year reflects our continued commitment to excellence and accountability, and we're proud to stand alongside a growing list of industry leaders.' Jo Townsend, CEO of the Guardians of New Zealand Superannuation, added: ' The GSR scoreboard is based on a rigorous and comprehensive evaluation of factors that we believe are crucial to our long-term success. We regard it as an important benchmark, and I am very pleased to see the team's hard work recognized by Global SWF. ' Aminu Umar‑Sadiq, Managing Director & CEO of NSIA, said: ' NSIA has consistently navigated several cycles of global economic uncertainties, volatile markets, and geopolitical complexities. The Authority has embraced a proactive approach to resilience by diversifying its asset allocation, incorporating a systemic risk mitigation strategy, and rolling out a successful domestic program cutting across a plethora of sectors. ' Diego López, Founder and Managing Director of Global SWF, concluded: ' We are strongly committed to contributing to the advancement of the industry with our GSR Scoreboard, which is the only annual and independent evaluation of best practices among State-Owned Investors. The nine perfect scorers of 2025 demonstrate that SOIs can excel and drive positive change in a variety of regions and frameworks.' The report will be officially presented in an in-person event in Singapore, on Tuesday, July 8. Parties interested in attending can contact the representatives of Global SWF for further details. About Global SWF Global SWF LLC, which turns seven years old today, is an industry specialist that promotes a better understanding of and connectivity into State-Owned Investors through its data platform and monthly reports. The firm also provides consulting services and runs exclusive events and an executive education program, the SWF Academy, for delegates of Sovereign Investors. For more details, please visit
Scottish Sun
11-06-2025
- Business
- Scottish Sun
New £1billion cost of living voucher scheme revealed in Chancellors Spending Review – how to get help NOW
THOUSANDS of households will be able to access cost of living help through a new government scheme, the Chancellor has confirmed. As part of her spending review today, Rachel Reeves announced that thousands of households will be able to apply for financial help through the Crisis and Resilience Fund. 1 Thousands of households will be able to get help with the cost of living The fund will be given £1billion a year and will replace the existing Household Support Fund, which is designed to help anyone who is vulnerable or cannot pay for essentials. It will provide funding to councils to help some of the poorest households so that children do not go hungry outside of term time. The cash is aimed at helping people who have been faced with a financial crisis and aims to reduce the need for families to use emergency food parcels. The fund will also incorporate Discretionary Housing Payments, which provide financial support to help with rent or housing costs. Anti-poverty charity The Trussell Trust has praised the move and said that the cost of living continues to be a challenge. Last year the charity provided almost three million parcels to people facing hunger and hardship across the UK. Helen Barnard, director of policy at the charity, said: 'We warmly welcome the replacement of the Household Support Fund with a new multi-year Crisis and Resilience fund, which Trussell has been calling for. 'We know this helps prevent people facing short-term crisis from being pushed to having to turn to a food bank.' But she warned that looming cuts to benefits for disabled people and carers will push many people into financial hardship. The Spending Review also includes: A pledge to end the use of migrant hotels by the next election Confirmation that nine million pensioners will get the winter fuel allowance this year Free school meals for half a million more children An extra £39billion over the next decade for social housing A £15billion boost to transport to "properly connect" Britain's towns and cities £22billion investment in research and development and £2billion in Artificial Intelligence A £30billion injection in clean energy including £14billion for nuclear energy A rise in departmental budgets by 2.3% a year totalling £190billion more than the Tories The Defence budget hiked to 2.6% of GDP by 2027 She said: 'Disabled people and carers still face the looming threat of planned record cuts to social security support which will push 440,000 people into severe hardship and at risk of needing a food bank. Families can get FREE washing machines, fridges and kids' beds or £200 payments this summer – and you can apply now 'Unless the government changes course, disabled people on the lowest incomes will certainly not feel this government is 'on their side'.' In March the Government announced that over one million Brits will have their disability benefits cut in a £5billion cost-cutting reform. Elsewhere, the Chancellor also announced that half a million more children will be eligible for free school meals. Every child who lives in a Universal Credit household will now be eligible for state-sponsored lunches. Previously, Universal Credit households needed to earn less than £7,400 a year to qualify. The chancellor also vowed to pump £29billion into building more social and affordable housing across the UK. What help is available now? Household Support Fund If you are struggling to pay your bills then you may be able to get help through the Household Support Fund. Councils have been given a share of £742million from the Government to help their struggling residents. Eligibility criteria varies depending on where you live but help is usually offered to those on benefits or a low income. You need to apply to your council directly to get the help. Several councils are currently offering support through the scheme. Among them is North Somerset, where residents can apply for £100 worth of cash to help with the cost of living. The fund will see more than £2.3million handed out to struggling families, pensioners and vulnerable residents across the region. Hull residents can also apply for £200 worth of cash this summer. The fund will be used to give eligible pensioners £200 to help them cover their costs after the Government slashed the Winter Fuel Payment last year. Meanwhile, low income families will be eligible for a £40 school uniform grant, as well as food vouchers in school holidays for those with children who are eligible for free school meals. Families in Richmond, London, can also apply for payments of up to £600 to help cover the cost of food, energy bills, clothes or other household essentials. The exact amount you will get depends on the number of people in your household and if you have any children. Free electricity and gadgets Several energy suppliers are giving customers free gadgets to help them cut their energy bills. Octopus Energy is handing out freebies including electric blankets to customers as part of its Octo Assist Fund. The blankets could save customers up to £150 over winter. Octopus customers can also borrow a thermal imaging camera to help them find places in their home where heat is escaping. Once they have identified these draughts, they can look into ways to get them fixed, which can help to reduce their energy usage. Meanwhile, EDF customers can get their hands on free energy-saving gadgets including air fryers, kettles and slow cookers. EDF has also said it will replace poorly-working or broken appliances with energy-efficient ones. Water bill hardship fund Some water suppliers offer a hardship fund you can access if you fall behind on your water bill and owe more than a certain amount. At Thames Water you can apply for the customer Assistance Fund if you owe it more than £120 and receive certain means-tested benefits. The supplier will work with you to agree on an affordable monthly payment. This will be based on your income and spending and the plan will stay in place for two years. The payment will cover your current charges and paying towards your debt. It does not impact your credit score. Meanwhile, at United Utilities you can apply online for help if you are unable to pay your bill. You can get help with water and/ or sewer charges and in certain situations you may be able to get white goods and beds. Do you have a money problem that needs sorting? 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