GPIF and ADB To Promote Green Bonds

Government Pension Investment Fund (GPIF) and Asian Development Bank (ADB) have started a partnership that aims to strengthen capital market cooperation to promote ESG integration into fixed income investment.

Asian Development Bank (ADB) issues green bonds that align with the International Capital Market Association (ICMA), which helps its developing member countries mitigate greenhouse gas emissions and adapt to the consequences of climate change. Investment opportunities into these bonds will be provided to GPIF’s asset managers.

<Comment by Hiro Mizuno, Executive MD and CIO of GPIF>
GPIF requires all asset managers to integrate ESG into their investment analysis and decision-making. We regard purchase of Green, Social and Sustainability Bonds as one of the direct methods of ESG integration in the fixed income investment. GPIF is committed to promote ESG integration through our investment chain in order to ensure the sustainable performance of the pension reserve fund for all the generations.

<Comment by Takehiko Nakao, President of ADB>
We are pleased to collaborate with GPIF on this important initiative that promotes environment-related investments in Asia and the Pacific and is closely aligned with ADB’s development mandate.

<Comment by Ingrid van Wees, Vice-President for Finance and Risk Management of ADB>
Driven by continuous economic growth, accelerating urbanization, and expanding middle classes, Asia accounts for the majority of rising energy needs worldwide. It is, therefore, essential that the region plays a pro-active part in global efforts to reduce emissions from houses and offices, industry, and transport.

Source: GPIF

Related articles

  1. MarketAxess Expands in Asia

    Phase 5 of the uncleared margin rules (UMR) took effect from September 2021.

  2. The unit is part of the exchange's new LSEG Labs network.

  3. The Central Bank Digital Currency challenge had over 300 submissions from more than 50 countries.

  4. From The Markets

    Coinbase launches in Japan

    Coinbase has partnered with MUFG to help millions of people in Japan access the platform quickly.

  5. The exchange aims to build an offshore Mainland China equities derivatives suite in Hong Kong.