TOKYO -- Japan's largest public pension fund will use environmental, social and governance considerations for investing in foreign equities, looking to support the sustainable growth of such companies.
The Government Pension Investment Fund began soliciting proposals for environmental indexes Wednesday, with plans to begin passive investment by tracking them as early as 2018. The pension fund already does ESG investing in Japanese stocks, with the balance of such assets reaching roughly 1 trillion yen ($8.81 billion) by the end of June.
