After topping ‘forest-risk’ investor list, PNB says it only funds sustainable palm oil

After being ranked as the number one investor in firms identified as being drivers of deforestation, Permodalan Nasional Berhad (PNB) has responded saying it only invests in sustainable palm oil companies.

“In relation to PNB’s exposure in the plantation sector, it is important to highlight that its investee companies follow the principles of sustainability standards including Roundtable on Sustainable Palm Oil (RSPO), the Malaysian Sustainable Palm Oil (MSPO) and the Indonesian Sustainable Palm Oil (Ispo).