Jul
13
Biggest Pension Fund Craves More After Foray Into ESG Assets
By-
ESG assets should have an impact on fund performance: Mizuno
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Current ESG allocation of 3% of Japan stocks too low, he says
The world’s largest pension fund aims to boost and broaden its socially responsible assets after buying them for the first time this year.
Hiromichi Mizuno, who helps manage $1.3 trillion in assets for Japan’s Government Pension Investment Fund as chief investment officer, said the fund wants to increase allocation to the point where it impacts results. For that to happen, GPIF President Norihiro Takahashi has said ESG assets should reach around 10 percent of its Japanese equity holdings, Mizuno said. GPIF announced last week that 3 percent of its domestic stock portfolio of 35 trillion yen ($310 billion) is in three environmental, social and governance (ESG) indices…
Biggest Pension Fund Craves More After Foray Into ESG Assets
