GLOBAL SWF: 5 INSTITUTIONS ACHIEVE PERFECT SCORE IN GSR PRACTICES, EFFORTS

KUALA LUMPUR, July 1 (Bernama) -- Global SWF published its fifth edition of its governance, sustainability, and resilience (GSR) scoreboard, which has become the measuring stick of best practices among state-owned investors.

In a statement, the firm said the report will be officially presented at an in-person event in New York City, on July 11.

“The GSR scoreboard is the only objective, quantitative, and independent evaluation of best practices among sovereign investors, and we are fully committed to contributing to the advancement of the industry.

“These institutions are very heterogeneous by nature, but there is a reduced number of them that are leading the way when it comes to best practices and positive change,” said Global SWF Founder and Managing Director, Diego López.

This year’s results saw sustainability scores continue to improve globally, when compared to 2023, and yet, the average score in governance (77 per cent) is still much higher than that in sustainability (51 per cent) and in resilience (50 per cent).

Five entities with different mandates got full marks, namely two Canadian pension managers (CDPQ, BCI), a European strategic fund (ISIF), and two Asia Pacific state-owned investors (Temasek, NZ Super).

Meanwhile, the Middle East as a region continues to improve, and the average score has gone up by 16 per cent since 2020 with progress led by Saudi Arabia’s PIF (96 per cent in 2024) and Abu Dhabi’s Mubadala (92 per cent).

Furthermore, there continues to be a positive and strong correlation between best practices, as measured by Global SWF’s GSR scores, and the financial performance of sovereign investors in the long run.

The annual exercise analyses the world’s 200 largest sovereign wealth funds and public pension funds, which manage US$27.5 trillion on behalf of 80 countries, and is based on 25 different elements that are answered binarily using only public information. (US$1=RM4.71)

-- BERNAMA