Beware of ESG bubble, says ex-chair of world’s biggest pension fund


Eiji Hirano, former chairman of the board of governors of Eiji Hirano, who was chairman of the board of governors of Japan’s Government Pension Investment Fund (GPIF) from 2017 until earlier this year, presided over a tumultuous period for the fund as it became a world leader in ESG investments. The fund now needs to reassess its approach to ESG, he said.

TOKYO: The former head of the board of governors at the world’s largest pension fund said he sees signs of a “bubble” in environmental, social and governance (ESG) investing, and said the Japanese fund needs to consider how much ESG assets contribute to returns.

Eiji Hirano, who was chairman of the board of governors of Japan’s Government Pension Investment Fund (GPIF) from 2017 until earlier this year, presided over a tumultuous period for the fund as it became a world leader in ESG investments.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Eiji Hirano , Japan , investment fund , ESG bubble ,

   

Next In Business News

HR challenges in strata property
It looks terrific for terraced houses
Beware the tax
Ringgit to see tight trading amid cautious mode next week
PM Anwar: RM1.24bil potential export to Peru generated
Strained by lack of positive catalysts
Bank Negara allows MDBs and DFIs to issue ringgit bonds
Robust economy to boost banking
Schooling kids on money use
Don’t delay merger control, empower MyCC as the sole regulator

Others Also Read