Development and Aid

Briefing Paper “The Truth of GPIF’s Investment in Coal Companies” was published

Contribution day:June 05, 2017

On June 5, 2017, Japan Center for a Sustainable Environment and Society (JACSES) published a report on investment in coal companies by GPIF, which is the world’s largest public pension fund owned by the Japanese government.

As a result of our study, GPIF’s investment amount in coal companies is JPY 883 – 1,796 Billion (USD 8 -16 Billion), as of March 2016. The study was based on lists of shares and bonds held by GPIF, and “coal companies” are defined by the following three methods:

Although the GPIF adopted the UN-PRI in 2015, no investment policy on climate change has made yet. JACSES has been urging the GPIF to start a divestment from coal related companies.

The full report (PDF)

This survey is supported by the Patagonia environmental grants, which is coordinated by Tides Foundation.

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Japan Center for a Sustainable Environment and Society(JACSES)
Japan Center for a Sustainable Environment and Society (JACSES)
401, Sanshin Bldg., 2-3-2 Iidabashi, Chiyoda-ku, Tokyo 102-0072 Japan
Phone: +81-3-3556-7323 
Fax: +81-3-3556-7328 
Email: A mail address of JACSES.
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