Riyadh - Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) placed joint second globally and first in the Middle East for Governance, Sustainability, and Resilience (GSR) in a ranking of the world’s top 100 sovereign wealth funds by Global SWF, a recent statement revealed.

Since last year, the Saudi fund has jumped five places and scored 96%, up from 92%, retaining its financial sustainability progress.

This achievement underpins PIF’s leading role as an impactful and responsible investor, with top-rated practices focused on sustainability, transparency, ethics and good governance.

Hawazen Nassief, Acting Head of Sustainability and Stewardship at PIF, stated that PIF’s results in the GSR ratings showcase the fund’s commitment to continued improvement and best-in-class practices in sustainability.

“PIF strongly believes in leading by example when it comes to transparency, sustainability, ethics, and good governance, as they play a crucial role in meeting our mandate for sustainable growth,” Nassief added.

Moreover, Global SWF’s GSR Scorecard highlighted the PIF’s leading role in tackling climate change as the fund committed to net zero by 2050, aligning with Vision 2030’s sustainability goals.