Nations team up for pensions

UK-Japan News March 2020

Three global pension funds are taking a $2tn stand in favour of sustain­ability investing. Online business journal Karma Impact reported on 13 March that Japan’s Government Pension Investment Fund (GPIF), the California State Teachers’ Retirement System (CalSTRS) and the UK’s USS Investment Management Ltd. say that they should be investing with sustainability and social impact in mind, as retirement funds are invest­ments in the future.

The firms said they are not interested in investing in “companies that seek to maximise corporate revenue without considering their impacts on other stakeholders—including the environment, workers and communities”.