Japan’s GPIF joins GRESB as infrastructure investor member
Japan’s Government Pension Investment Fund joined GRESB, the standardized benchmark and data provider for the ESG performance of real asset segments, including real estate and infrastructure, as the its first Japanese infrastructure investor member.
The ¥193 trillion ($1.41 trillion), Tokyo-based retirement fund, in a news release Thursday, said it joined GRESB “in order to encourage the disclosure of ESG information and promote constructive dialogue with investment managers.”
GPIF said it advises managers to use GRESB assessment in their infrastructure investment and management processes.
As of the March 31 close of GPIF’s latest fiscal year, the fund reported a combined ¥1.08 trillion, or $7.75 billion, invested in infrastructure, with the bulk of that total in fund of funds strategies managed by Pantheon, Stepstone Infrastructure and Real Assets, and Nissay Asset Management.
In GPIF’s latest annual report, it also listed Tokyo-based DBJ Asset Management as an infrastructure manager.
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