Harvard Business School professors Rebecca Henderson and George Serafeim discuss the impact investing efforts of Hiro Mizuno, CIO of GPIF, Japan’s government pension fund. He says that improving corporate governance, increasing inclusion and gender diversity, and addressing climate change would expand Japan’s economy. But, should a pension fund try to change the world?
Japan's ¥159.2 trillion ($1.48 trillion) Government Pension Investment Fund is putting in place an "index posting system" where index providers can offer up indexes that "may potentially be selected as new benchmarks on an ongoing basis," according to a statement posted Wednesday on the Tokyo-based pension fund's website.
The system plans to start in October with requests for: