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Catalyse Economic Advancement
Building a Prosperous Nation
Progressing with Our Sustainability Commitments
Continued Strength In Governance
News & Reports
In the pursuit of the nation's prosperity
Connections and Partnerships
Investing Responsibly,
Empowering Generations
The refreshed sustainability commitments serve as a guiding framework to drive meaningful change and create lasting value for people and the planet.
Investing Responsibly recognises that investment decisions carry environmental and social implications that are closely interconnected with the broader ecosystem. Through this pillar, PNB adopts responsible investment practices that protect the environment and support a sustainable future for the nation. Key priorities include achieving Net Zero Emissions by 2050, delivering on social sustainability goals, and strengthening transparency, governance, and active ownership.
Empowering Generations reflects PNB’s commitment to empowering its people, nurturing future talent, and advancing an inclusive and resilient nation. This includes advancing purpose-driven social investments that contribute to community wellbeing and national progress while enabling inclusive and financial empowerment for all Malaysians.
Towards a Net Zero Future
Guiding Beliefs
PNB Sustainability Framework 2.0
Memberships and Association
Sustainability Disclosure
Investing Responsibly,
Empowering Generations
Anchors
Advancing Organisational Sustainability
›
Responsible Stewardship
›
Strengthen Nation Building Agenda
›
Advancing Organisational Sustainability (OS)
1
Net Zero Emissions 2050
Net Zero Enterprise
OS 1.
Maintain Net Zero Enterprise Scope 1 & 2 starting 2025.
OS 2.
Net Zero Scope 3 (Cat. 1-14) by 2050
i. 20% emissions reduction in business travel and employee commuting by 2030.
ii. 50% emissions reduction by 2040 through:
- Sustainable Procurement by 2040
- Greening Business Travel and Employee Commuting by 2040
- Zero Waste by 2040
OS 3.
Investment in Carbon Projects.
2
Delivering on our social sustainability goals
OS 4.
Minimum 40% Women in Leadership Roles.
OS 5.
Inclusive and Accessible Organization for Persons with Disabilities (PWD)
3
Transparency, governance and active ownership
Enhancing value through clarity, principled action, and purposeful involvement
4
Cultivate sustainability in talent and culture
Increasing internal ESG adaption
Responsible Stewardship (RS)
1
Net Zero Emissions 2050
Net Zero Portfolio
RS 1.
Ensure 70% of portfolio emissions are covered by credible net zero targets by 2030.
RS 2.
RM 15 billion into green & transition assets by 2030.
RS 3.
Reduce portfolio emissions intensity by 35% by 2030 against FY2022 baseline.
RS 4.
Phase out direct investments in coal in developed markets by 2030 and developing markets by 2040.
RS 5.
100% of priority direct infrastructure assets to have climate adaptation strategies by 2030.
RS 6.
100% of priority companies highly exposed to nature to comply with PNB’s Nature and Biodiversity Policy by 2030
2
Delivering on our social sustainability goals
RS 7.
100% of priority companies aligned with PNB’s People Policy and Living Wage by 2030
3
Transparency, governance and active ownership
Enhancing value through clarity, principled action, and purposeful involvement
Strengthen Nation Building Agenda (NB)
5
Purpose-driven social investments
NB 1.
Contribute RM500 million to impactful social investment activities from 2026 to 2030 guided by the Social Investments Framework (SIF).
NB 2.
Achieve 60,00 volunteering hours towards creating meaningful impact for communities by 2030.
6
Inclusive financial empowerment for all Malaysians
NB 3.
Explore SRI alignment for existing and future funds.
NB 4.
Elevating financial literacy for all Malaysians.
Our Sustainability Policies and Guideline
PNB’s Sustainability Policy, endorsed by the Board of Directors, establishes a comprehensive framework for integrating ESG considerations across the organisation’s operations and investment activities. Guided by its 10 ESG Commitments, the policy outlines governance structures, stewardship principles, and key targets, including achieving NZE by 2025 and NZP by 2050. It reflects PNB’s commitment to responsible leadership and collaborative action, and aligns with global frameworks such as the UN PRI and TCFD. The policy is reviewed periodically to support effective implementation and ongoing improvement.
Read MoreIntroduced in 2023, PNB’s Living Wage Framework aims to ensure employees receive compensation that adequately supports basic living standards. Benchmarking against national living wage standards helps ensure fairness and transparency, while reinforcing PNB’s commitment to promoting social equity and encouraging broader adoption of living wage practices.
The Social Investments Framework (“SIF”) provides a structured approach to delivering sustainable social impact. Anchored on four key pillars – Education, Health, Community Development and Environment – the framework focuses on addressing community needs while supporting Malaysia’s socio-economic development.
Read MorePNB’s Voting Guidelines set out the principles that guide the exercise of voting rights in Malaysian investee companies, reflecting PNB’s role as a responsible institutional investor and fiduciary to its unitholders. The guidelines are designed to promote strong corporate governance, effective and accountable boards, protection of shareholder rights and long‑term sustainable value creation for unitholders.
PNB’s Nature and Biodiversity Policy reflects the organisation’s commitment to protecting natural ecosystems and integrating sustainable environmental practices across its operations and investments. The policy focuses on addressing nature-related risks, including deforestation and pollution, while promoting biodiversity conservation to strengthen long-term environmental resilience.
Read MorePNB’s Labour Rights Policy sets out the organisation’s expectations for fair labour practices, including equitable wages, safe working environments, and inclusive workplaces. Aligned with international standards, the policy provides guidance to investee companies on adopting responsible labour practices that contribute to sustainable value creation and reinforce PNB’s commitment to social responsibility.
Read MorePNB introduced the Employee Volunteerism Framework in 2025 to support the implementation of its SIF by encouraging employees to contribute their time and skills to community initiatives aligned with its four pillars. The framework establishes clear participation guidelines, provides pathways for employee-led initiatives, and includes mechanisms to track volunteer hours and participation. Through this initiative, PNB aims to cultivate a stronger culture of volunteerism while working towards an initial target of 10,000 volunteer hours in 2025, enhancing employee engagement and amplifying the organisation’s overall social impact.
Investing Responsibly,
Empowering Generations
Anchors
Advancing Organisational Sustainability
1
Net Zero Emissions 2050
Net Zero Enterprise
OS 1.
Maintain Net Zero Enterprise Scope 1 & 2 starting 2025.
OS 2.
Net Zero Scope 3 (Cat. 1-14) by 2050
i. 20% emissions reduction in business travel and employee commuting by 2030.
ii. 50% emissions reduction by 2040 through:
- Sustainable Procurement by 2040
- Greening Business Travel and Employee Commuting by 2040
- Zero Waste by 2040
OS 3.
Investment in Carbon Projects.
2
Delivering on our social sustainability goals
OS 4.
Minimum 40% Women in Leadership Roles.
OS 5.
Inclusive and Accessible Organization for Persons with Disabilities (PWD)
3
Transparency, governance and active ownership
Enhancing value through clarity, principled action, and purposeful involvement
4
Cultivate sustainability in talent and culture
Increasing internal ESG adaption
Responsible Stewardship
1
Net Zero Emissions 2050
Net Zero Portfolio
RS 1.
Ensure 70% of portfolio emissions are covered by credible net zero targets by 2030.
RS 2.
RM 15 billion into green & transition assets by 2030.
RS 3.
Reduce portfolio emissions intensity by 35% by 2030 against FY2022 baseline.
RS 4.
Phase out direct investments in coal in developed markets by 2030 and developing markets by 2040.
RS 5.
100% of priority direct infrastructure assets to have climate adaptation strategies by 2030.
RS 6.
100% of priority companies highly exposed to nature to comply with PNB’s Nature and Biodiversity Policy by 2030
2
Delivering on our social sustainability goals
RS 7.
100% of priority companies aligned with PNB’s People Policy and Living Wage by 2030
3
Transparency, governance and active ownership
Enhancing value through clarity, principled action, and purposeful involvement
Strengthen Nation
Building Agenda
Building Agenda
5
Purpose-driven social investments
NB 1.
Contribute RM500 million to impactful social investment activities from 2026 to 2030 guided by the Social Investments Framework (SIF).
NB 2.
Achieve 60,00 volunteering hours towards creating meaningful impact for communities by 2030.
6
Inclusive financial empowerment for all Malaysians
NB 3.
Explore SRI alignment for existing and future funds.
NB 4.
Elevating financial literacy for all Malaysians.
Our Sustainability Policies and Guideline
PNB’s Sustainability Policy, endorsed by the Board of Directors, establishes a comprehensive framework for integrating ESG considerations across the organisation’s operations and investment activities. Guided by its 10 ESG Commitments, the policy outlines governance structures, stewardship principles, and key targets, including achieving NZE by 2025 and NZP by 2050. It reflects PNB’s commitment to responsible leadership and collaborative action, and aligns with global frameworks such as the UN PRI and TCFD. The policy is reviewed periodically to support effective implementation and ongoing improvement.
Read MoreIntroduced in 2023, PNB’s Living Wage Framework aims to ensure employees receive compensation that adequately supports basic living standards. Benchmarking against national living wage standards helps ensure fairness and transparency, while reinforcing PNB’s commitment to promoting social equity and encouraging broader adoption of living wage practices.
The Social Investments Framework (“SIF”) provides a structured approach to delivering sustainable social impact. Anchored on four key pillars – Education, Health, Community Development and Environment – the framework focuses on addressing community needs while supporting Malaysia’s socio-economic development.
Read MorePNB’s Voting Guidelines set out the principles that guide the exercise of voting rights in Malaysian investee companies, reflecting PNB’s role as a responsible institutional investor and fiduciary to its unitholders. The guidelines are designed to promote strong corporate governance, effective and accountable boards, protection of shareholder rights and long‑term sustainable value creation for unitholders.
PNB’s Nature and Biodiversity Policy reflects the organisation’s commitment to protecting natural ecosystems and integrating sustainable environmental practices across its operations and investments. The policy focuses on addressing nature-related risks, including deforestation and pollution, while promoting biodiversity conservation to strengthen long-term environmental resilience.
Read MorePNB’s Labour Rights Policy sets out the organisation’s expectations for fair labour practices, including equitable wages, safe working environments, and inclusive workplaces. Aligned with international standards, the policy provides guidance to investee companies on adopting responsible labour practices that contribute to sustainable value creation and reinforce PNB’s commitment to social responsibility.
Read MorePNB introduced the Employee Volunteerism Framework in 2025 to support the implementation of its SIF by encouraging employees to contribute their time and skills to community initiatives aligned with its four pillars. The framework establishes clear participation guidelines, provides pathways for employee-led initiatives, and includes mechanisms to track volunteer hours and participation. Through this initiative, PNB aims to cultivate a stronger culture of volunteerism while working towards an initial target of 10,000 volunteer hours in 2025, enhancing employee engagement and amplifying the organisation’s overall social impact.
PNB is a signatory and active participant in leading global sustainability initiatives, reinforcing our commitment to responsible investment, climate action and long-term value creation. Through these partnerships, we align our practices with internationally recognised principles and contribute to the advancement of sustainable finance.
The UN Global Compact is a global initiative that encourages companies to align their operations and strategies with ten universal principles covering human rights, labour, environment and anti-corruption. As a participant, we are committed to embedding these principles into our business practices and supporting broader sustainable development goals.
The PRI is a global network of investors working to integrate environmental, social and governance (ESG) factors into investment decision-making. As a signatory, we incorporate ESG considerations into our investment processes and ownership practices, in line with internationally recognised responsible investment principles.
PCAF is a global initiative that enables financial institutions to measure and disclose the greenhouse gas emissions associated with their financing and investment activities. Through PCAF, we strengthen our approach to financed emissions measurement, supporting transparency and alignment with climate-related goals.
AIGCC is a not-for-profit investor network that brings together asset owners and asset managers to address the risks and opportunities associated with climate change. It provides a collaborative platform for investors to share best practices, strengthen capabilities and advocate for policies that support the transition to a low-carbon and climate-resilient economy across Asia.
ICGN is a global investor-led organisation that promotes high standards of corporate governance and investor stewardship worldwide. Through policy advocacy, research and collaboration, it aims to enhance accountability, transparency and long-term value creation, contributing to more efficient and sustainable capital markets.
IICM is a Malaysian industry body representing the collective interests of institutional investors to strengthen corporate governance and stewardship practices. It provides a platform for collaboration, knowledge sharing and policy engagement to support the development of a robust and resilient capital market in Malaysia.
Our Approach to Sustainability Disclosure
At PNB, we adopt a structured and progressive approach to sustainability disclosure, guided by leading global frameworks and local regulatory developments. Our disclosures are designed to provide clear, consistent and decision-useful insights into our environmental, social and governance (ESG) performance.
We continuously enhance our reporting practices by strengthening data quality, governance processes and independent assurance, ensuring our disclosures remain credible, transparent and aligned with stakeholder expectations.
Our sustainability disclosures are guided by:
The IR framework sets out principles for communicating how our strategy, governance, performance and outlook contribute to value creation over time. It promotes integrated thinking by linking financial and non-financial information across multiple capitals, enabling a more holistic view of our long-term value.
GRI provides globally recognised standards for reporting our economic, environmental and social impacts. It enables us to disclose our most material sustainability topics transparently and consistently, supporting stakeholder understanding of how our activities affect the wider economy, environment and society.
The IFRS Sustainability Disclosure Standards establish a global baseline for reporting sustainability-related and climate-related information. They focus on disclosing material risks and opportunities that may affect our financial performance and long-term value, providing investors with consistent, comparable and decision-useful information.
Following the launch of Malaysia’s National Sustainability Reporting Framework (NSRF) in 2024, sustainability reporting in Malaysia is aligned with the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB).
Our Sustainability Disclosure
Integrated Annual Report
Stewardship Report
