リアルタイムオッズ

skip FAQ Contact Site map For All Generations Font Size S M L   Japanese Background color A A A A About GPIF Our Performance Our Investment Other Information FAQ Contact Site map LANGUAGE JP EN Background color A A A A PRINT SHARE BACK TO TOP TOP Our Investment esg GPIF Publishes the FY2019 ESG Report GPIF Publishes the FY2019 ESG Report September 29th, 2020 We at Government Pension Investment Fund (GPIF) are responsible for providing stable income to multiple generations of retirees, and thus our investment horizon spans several decades. Within such a long timeframe, the latent risks associated with negative externalities generated by individual companies - that is, environmental, social, and governance (ESG) issues - will very likely materialize. This has the potential to significantly impair the value of the assets we invest in. Similarly, since our portfolio includes virtually all investable assets, the sustainability and stable expansion of the market as a whole is critical in protecting and growing the pension reserves entrusted to us by beneficiaries. We work to limit these externalities and promote the holistic growth of the market through ESG investment. Every year, we provide pension beneficiaries with a summary of the variety of different ESG initiatives we engage in through our ESG Report. We've just published the report for fiscal year 2019, which for the first time quantifies the physical and transition risks and opportunities of climate change inherent in our portfolio in terms of the potential change in the value of these securities. Through the report, we hope to assess whether or not our ESG activities are resulting in more sustainable financial markets and improving long-term risk-adjusted returns as intended, and that it will therefore serve as evidence of the long-term benefits of these initiatives. 〈Contents〉Chapter 1: GPIF's ESG InitiativesESG Index Selection and ESG Index-Based Asset ManagementESG in External Equity and Fixed Income ManagementStewardship Activities and ESG PromotionEngagement with Index Providers and ESG ratings agenciesESG in Alternative Asset ManagementCollaboration with Overseas Public Pension Funds and Other InstitutionsSupport for TCFD and Climate-Related Financial DisclosureReview of ESG Activities and Future Outlook Chapter 2: Measuring the Impacts of ESG ActivitiesESG Index PerformancePortfolio ESG RatingESG Rating Ranking by CountryESG Rating CorrelationWomen Advancement at Japanese CompaniesPortfolio Climate-Related RiskAnalysis of Risks and Opportunities Using Climate Value-at-Risk 〈Comment from MIYAZONO Masataka, President of GPIF〉We at GPIF believe that the consideration of ESG factors in the investment process is critical to enhancing the sustainability of pension reserves, and have thus actively promoted a variety of different ESG initiatives since becoming a signatory to the Principles of Responsible Investment (PRI) in 2015. In this our third report, we expand on last year's TCFD-aligned disclosures by examining physical risks and opportunities related to climate change for the first time. We also use an innovative analysis methodology that enables us to reflect climate change risks and opportunities in the value of both equities and bonds - two asset classes completely different in nature - in a consistent way. We hope that this report acts as a valuable reference tool for other asset owners and asset managers in their own reports. ESG REPORT 2019 [PDF:6.8MB] Our Investment Stewardship Activities ESG Manager Registration System（Equities and Bonds） Manager Registration System（Alternative Assets） Index Posting System（Equities and Bonds） Research BACK TO TOP In order to view PDF files, you must have the Adobe&＃174; Reader&＃8482; plug-in offered free of charge from Adobe Systems, Inc. About GPIF Principles Profile Executives Governance Organization Access Our Performance Fiscal 2023 Fiscal 2022 Past Performances Our Investment Stewardship Activities ESG Manager Registration System（Equities and Bonds） Manager Registration System（Alternative Assets） Index Posting System（Equities and Bonds） Research Other Information Procurement Legislation and Regulations FAQ Terms of Use Privacy Policy Copyright © Government Pension Investment Fund All rights reserved.