Japan’s $566 Billion Pension Funds Sign ESG Investment Pledge

Since June, three funds including those holding police and public school retirement money became signatories of the UN-backed Principles for Responsible Investment.
Photographer: Noriko Hayashi/Bloomberg

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By Satoshi Shizume

July 12, 2024 at 5:18 AM UTC

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Japan’s huge public pension funds holding about ¥90 trillion ($566 billion) in assets are set to get more active in making ESG investments after signing the United Nations-backed Principles for Responsible Investment.

So far this year, six funds have signed the non-binding statement, including the National Pension Fund Association, which oversees about ¥4.6 trillion in assets.