Since replacing former CIO and ESG torchbearer Hiro Mizuno in March, the Government Pension Investment Fund (GPIF) has continued to make progress on sustainable finance.
Under Goldman veteran Eiji Ueda, GPIF has launched the full version of its Index Posting System (IPS), a new mechanism for continuously collecting index information and analysing alignment with the pension giant’s ESG mission.
The pilot phase of the IPS was launched last year with the fund soliciting ideas for foreign equity ESG indices, foreign equity diversity indices, and domestic and foreign green bond indices. Now GPIF is accepting a wider variety of indices.
The streamlined system, which asks index providers to directly input index information, plays into GPIF’s ongoing efforts to refine its approach to passive management through directly engaging with index providers. The vast majority of GPIF’s assets are passively managed.
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