MONEYWEB
app instead?
As ESG picks up pace.
By Shoko Oda, Emi Urabe and Chikafumi Hodo, Bloomberg
12 Apr 2021 07:59
Image: Kentaro Takahashi/Bloomberg
After taking over the helm of the worldâs biggest pension fund in 2015, Hiromichi Mizuno helped chart a course that not just made sustainable investing big in Japan, but also raised the strategyâs global profile.
The Government Pension Investment Fundâs former chief investment officer sidestepped public bemusement and criticism at home, as he sought to turn GPIF into a fund that as one Harvard Business Review article put it tried to âchange the worldâ through its approach to environmental, social and governance investing.
Apr 12, 2021
After taking over the helm of the world’s biggest pension fund in 2015, Hiromichi Mizuno helped chart a course that not only made sustainable investing big in Japan, but also raised the strategy’s global profile.
The Government Pension Investment Fund’s former chief investment officer sidestepped public bemusement and criticism at home, as he sought to turn GPIF into a fund that as one Harvard Business Review article put it tried to “change the world” through its approach to environmental, social and governance investing.
But at a time when the pandemic has accelerated the global push toward ESG themes, the ¥178 trillion fund seems to be mostly treading water.
GPIF treads water as ESG picks up pace
GPIF treads water as ESG picks up pace
Bloomberg
Bloomberg
Columbia University professor Takatoshi Ito said it’s difficult to balance ESG investing with the GPIF’s fiduciary duty.
The world s largest pension fund had charted a course for sustainable investing, but the Government Pension Investment Fund, Tokyo, is now treading water.
After taking the helm of the world s biggest pension fund as CIO in 2015, Hiromichi Mizuno sought to turn GPIF into a fund that as one Harvard Business Review article put it tried to change the world through its approach to environmental, social and governance investing.
Global Britain must push for a lucrative trade deal with India
To make a powerful economic ally of the developing nation, Boris Johnson must succeed where his predecessors have failed
Britain’s latest foray to India follows a decade of false starts.
David Cameron made a two-day trip shortly after coming to power in 2010, saying he hoped to lay down the foundations for an “enhanced relationship” between the countries.
He returned with gusto in 2013, bringing with him more than 100 representatives including business leaders, university chiefs and ministers – the largest trade delegation ever taken by a British PM.
But a fundamental question was going unanswered. Was the UK prepared to offer India what the rapidly developing country wanted: access to visas so its students and workers could come to Britain?
How Investors Should Interpret Coinbaseâs Wildly Profitable First Quarter
Share to Facebook
Jamel Toppin/The Forbes Collection
On the back of bitcoinâs record-setting start to the year, Coinbase posted an estimated profit between $730-800 million in Q12021. It also broke records for assets under management, revenue, verified users, and active users. This stellar performance places Coinbase in an ideal position for its upcoming direct listing. That said, investors still need to make several important decisions regarding how much of their portfolio to allocate to the stock, as well as the timing of their purchase.
Here are Forbesâ takeaways from its earnings call on Tuesday, April 6: