PIF ranks 7th globally, 1st in Middle East by GSR rating

01/07/2023 Argaam

PIF ranks 7th globally, 1st in Middle East by GSR rating

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) ranked seventh globally and first in the Middle East among 100 sovereign wealth funds according to Global SWFs Governance, Sustainability and Resilience (GSR) rating.

 

The rating is a testament to the fund’s commitment to strong governance and sustainability.

 

Commenting on the PIF’s ranking, Chad Richard, the fund’s Head of Strategy Development and Innovation said that PIF has led the way in supporting the clean energy transition globally.

 

The Kingdom’s sovereign wealth fund held the largest every voluntary carbon credit auctions globally with 3.6 million credits sold to international companies.

 

The PIF was also the first sovereign wealth fund to issue green bonds, including the first-ever century green bond, with a combined value of $8.5 billion. It is also the first fund in the region to commit to targeting net zero by 2050, Richard added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read