Latest news with #GlobalSWF
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
Malay Mail
16-07-2025
- Business
- Malay Mail
PNB named top Malaysian sovereign investor, 17th internationally in Global SWF rankings
KUALA LUMPUR, July 16 — 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
Malay Mail
16-07-2025
- Business
- Malay Mail
PNB named top Malaysian sovereign investor, 17th globally in Global SWF rankings
KUALA LUMPUR, July 16 — 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
Independent Singapore
14-07-2025
- Business
- Independent Singapore
Temasek plans $25B investment push in Europe
SINGAPORE: Temasek Holdings is significantly ramping up its investment efforts in Europe, having invested over S$10 billion (US$7.8 billion) in the region during the financial year ended March 2025, executives told Reuters on Thursday. This accounts for 40% of the S$25 billion that Temasek committed in 2024 for Europe over five years. The investment fund plans to invest between $20 billion and $25 billion in the Europe, Middle East, and Africa (EMEA) region by 2030. This shows the confidence of the state-owned investor in Europe's economic potential, even in a tough global environment. With a record net portfolio value of S$434 billion, up 11.6% from the previous year, Temasek aims to take advantage of opportunities in Europe's changing markets. According to research firm GlobalSWF, Temasek is the 11th largest fund globally among sovereign wealth funds. The state investment fund plans to leverage Europe's resilient markets and valuation differences to build wealth while managing economic uncertainties. Nagi Hamiyeh, who leads Temasek's operations in Europe, the Middle East, and Africa, pointed out that the macroeconomic climate fuels the firm's aggressive expansion. In a media statement, he said: 'Sometimes the macro helps us go into companies that we have liked, that were not within our reach from a valuation perspective.' Hamiyeh also pointed out that firms in Europe are lower in value than US firms, due to global trade tensions and tariffs. This makes European companies more attractive to invest in. He explained this will enable Temasek to focus on high-potential businesses that were previously too expensive to invest in. Temasek's recent European investments include French renewable energy company Neoen and Keywords Studios, a video game technology services provider based in Ireland. These align with its main investment themes: Digitalisation, Sustainable Living, Future of Consumption, and Longer Lifespans. Temasek is seeking out global companies and family-owned businesses with strong positions in industrials, renewable energy, financial services, and consumer goods. Hamiyeh says Temasek is focused on growth markets like France, Italy, Germany, and Scandinavia, where there are untapped opportunities in digital payments, Software as a Service (SaaS), and sustainable solutions. Currently, Temasek has offices in London, Brussels, and Paris. These allow it to connect with various chief executives, senior management, and advisors Europe-wide. In addition to these offices, it has partnered with companies like LeapFrog Investments, Brookfield, and Global Infrastructure Partners to expand its reach. The partnerships have also enabled it to invest in projects like luxury cruises, premium retail, and eco-friendly packaging. For instance, its 2016 investment in the luxury brand Moncler shows the potential of Europe's consumer market.
CNBC
14-07-2025
- Business
- CNBC
Global sovereign wealth funds' assets nearing $14 trillion, one third from GCC: Global SWF
Diego Lopez, Founder & Managing Director at Global SWF, talks about the continued growth in the global sovereign wealth funds' assets. In its mid-year report, Global SWF said Middle Eastern SWFs accounted for 36% of investments.
