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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.