Japan's Government Pension Investment Fund joins GRESB
Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, has joined GRESB as an Investor Member.
The goal of the collaboration is to enhance environmental, social and governance (ESG) management practices in the real asset sector.
GRESB is excited to partner with GPIF, holder of the largest pool of retirement savings in the world,” says Sander Paul van Tongeren, Co-founder and Managing Director at GRESB. “GRESB is led globally by our institutional Investor Members and we are excited by GPIF’s commitment to encourage the disclosure of ESG information and promote a constructive dialogue with investment managers.”
Leading asset owners such as GPIF now require their managers to create long-term value by considering environmental and social impacts in their strategy and day-to-day operations. As a result of this weight of institutional capital, we are seeing increased disclosure and action on material ESG issues in the Asian real asset sector,” adds Ruben Langbroek, Head of Asia Pacific at GRESB.
GPIF is the largest public fund investor in Japan and a major proponent of responsible investment and stewardship principles. Their commitment also explains why Japan has the highest GRESB participation rate in any Asian country. ESG benchmarking tools allow asset owners to more effectively engage with their investments and drive positive outcomes where they are mostly needed,” Langbroek concludes.