Japan’s GPIF Selects Two ESG-Themed Foreign Equity Indexes
Posted on 12/18/2020
Japan Government Pension Investment Fund selected two additional ESG-themed benchmarks based on information submitted through its Index Posting System, which the fund uses to collect information on a variety of new indexes.
After closely evaluating the qualities of each general ESG-and diversity-themed foreign equity index and conducting thorough due diligence on respective providers, GPIF selected and began passive management based on the following two benchmarks:
Theme – Index Name
2. Diversity – Morningstar Gender Diversity Index (“GenDi”)
GPIF have allocated and begun passively investing a combined total of ¥1.3 trillion (approximately US$ 12.5 billion) in assets against these two benchmarks.