GPIF partners with KfW to boost green bonds
In an official statement, GPIF stated that KfW would offer a new opportunity to invest in green bonds, which will channel the investment raised to fund environmental projects to a management firm under GPIF.
GPIF, one of the world’s largest pension funds, has also launched an initiative with the World Bank Group in April this year, providing investment opportunities in green bonds to managers entrusted by the fund.
Norihiro Takahashi, President, GPIF, said that investments in green bonds are one of the methods of integrating ESG into bond management. “GPIF promotes ESG-conscious investments in order to reduce the negative impact of environmental and social issues and improve the long-term returns of its assets under management, and GPIF also promotes ESG initiatives in its bond investments,” he added.
As signatories of the Principles for Responsible Investment (PRI), Takahashi emphasised that ESG integration of environment, social and governance issues in investment analysis and decision-making processes is followed by the fund and its managers.