04-07-2025
Japan's $1.7 Trillion Fund Boosts ESG Holdings as Others Flee
Japan's $1.7 trillion Government Pension Investment Fund has added to its ESG investments, rejecting the shift away from green strategies by many global asset managers.
GPIF held about ¥18.2 trillion ($126 billion) of assets tracking environmental, social and governance indexes at the end of March — or 14.7% of the fund's equity investments — up from ¥17.8 trillion a year earlier, according to documents published Friday. The fund posted a quarterly loss on a declining dollar and weaker domestic assets.
