Japan’s $1.7 Trillion Pension Fund Offers New Backing to ESG

Japan’s $1.7 trillion Government Pension Investment Fund issued new guidelines backing sustainability-related investments as crucial to long-term returns.

The fund, one of the world’s largest pensions, sees managing environmental and social issues as fundamental to its strategy, GPIF said Monday in a new policy document — rejecting the shift by other asset managers to downgrade or remove green commitments.

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