PNB, EPF, Kwap, Felda named top investors of ‘forest-risk’ firms

Annabelle Lee

Modified 12 Jun 2021, 12:05 am

EEditor's note: An earlier mistake about the value of Maybank's loans to forest-risk companies has been corrected from US$7.504 million to US$7.504 billion. The error is regretted.

Permodalan Nasional Bhd (PNB) and Employees Provident Fund (EPF) have topped a list ranking global investors into a selection of firms that threaten forests with deforestation.

Fellow government-linked agencies Retirement Fund Incorporated (Kwap) and the Federal Land Development Authority (Felda) also made it into the top 10...

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