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
1. General ESG – MSCI ACWI ESG Universal Index
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.

Official name: MSCI ACWI ex Japan ex China A ESG Universal with Special Taxes Index

Official name: Morningstar Developed Markets (ex-Japan) Gender Diversity Index

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