Sustainability

Overview

Creating a Sustainable and Inclusive Future

PNB recognises that the future is shaped by the actions taken today and is deeply committed to creating a sustainable and inclusive future that benefits not only its stakeholders but also the communities it serves.

PNB's Sustainability Policy

Towards a Net Zero Future

At PNB our approach to sustainability is predicated on five core principles

ESG driving long-term values

Responsible leadership

Collective action and partnership

Walk the Talk

Progress over perfection

ESG driving long-term values

Responsible leadership

Collective action and partnership

Walk the Talk

Progress over perfection

ESG driving long-term values

Responsible leadership

Collective action and partnership

Walk the Talk

Progress over perfection

PNB’s Participation in ESG-related Affiliations and Industry Initiatives

Partnership for Carbon Accounting Financials

  • As a net-zero aligned organisation, we are committed to measuring and mitigating our financed emissions from our investing activities.
  • Through our participation with the PCAF, we hope to leverage on this collaborative platform to deepen our institutional knowledge to enable us to accurately measure our financed emissions.
  • At the same time, we support PCAF's broader initiatives in driving convergence in GHG accounting methodologies, which provide an important foundation for us to transition towards a low-carbon economy.

Principles for Responsible Investment

  • As we aspire to become a responsible steward of capital, PNB is fully focused on integrating Environment, Social and Governance (ESG) considerations within our investment practices.
  • By joining this network, we hope to gain access to PRI's vast network of ESG-motivated investors and experts as well as valuable resources that can help us fast track our ESG integration journey.
  • Further, we also aim to contribute towards PRI's collective efforts towards standardisation of sustainable investing practices among institutional investors and wider ecosystem development to advance the climate and sustainability agenda.

ESG Data Convergence Initiative

  • In 2023, PNB became a member of the EDCI, a collaborative effort among private equity stakeholders to drive transparency and standardisation of ESG disclosures.
  • The EDCI brings together General Partners, Limited Partners and Investment Managers to develop a database of ESG-related information and disclosures from private companies. Access to this information aids PNB in improving the accuracy of our financed emissions calculation while encouraging a more robust ESG reporting standard within the industry.
10 ESG Commitments

Our Sustainability Framework will help us enhance and protect the value we create for our stakeholders while fulfilling our own sustainability aspirations. Our 10 commitments under the three pillars of Environment, Social, and Governance are aligned with global endeavours for peace and prosperity by 2030 under the United Nations Sustainable Development Goals (UN-SDG).