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ESG

Malaysia’s EPF signs on to U.N.-backed Principles for Responsible Investment

Malaysia's Employees Provident Fund has signed the United Nations-supported Principles for Responsible Investment, the 833.8 billion ringgit ($204.1 billion) national pension fund announced Monday.

CEO Alizakri Alias said in a news release that reinforcing the fund's commitment toward ESG and sustainable investment principals has the potential to boost returns, while better balancing the fund's "measurable impact toward society and the environment for the benefit of future generations."

The PRI website showed the Kuala Lumpur-based EPF signing on to the six principles on April 1. The Malaysian pension fund joins more than 2,000 signatories representing more than $70 trillion in assets, the EPF news release said.