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...