Japan's ¥129.7 trillion ($1.24 trillion) Government Pension Investment Fund said Friday it has joined organizations in the U.K. and the U.S. dedicated to boosting the proportion of women on corporate boards in those countries.
An announcement on the pension fund's website said it had joined the U.K. 30% Club, launched in 2010, and the U.S. Thirty Percent Coalition, launched in 2011, to expand its knowledge regarding gender diversity and better fulfill its fiduciary duties related to environmental, social and governance factors.
The fund's announcement reiterated its belief that integrating ESG factors into its investment process mitigates risk.
