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【JACSES’s Briefing Paper】GPIF’s investment amount in coal companies reach to JPY 882.6 – 1,795.5 billion

On June 5, 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 this 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.


In this study, based on GPIF’s data of shareholding and bond holding, we specified coal related companies with following three methods.

  • Method 1: Conducted search GPIF’s investment (shareholding and bond holding) in coal related companies defined by the Government Pension Fund of Norway.
  • Method 2: Conducted search GPIF’s investment (shareholding and bond holding) in 100 coal related companies listed by the Carbon Underground 200 Index.
  • Method 3: Mix of method 1 and 2 (duplicated companies are combined)
    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.

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 English report is available as PDF.

Contact

Yuki Tanabe
Japan Center for a Sustainable Environment and Society (JACSES)
401 Sanshin Bldg. 2-3-2 Iidabashi Chiyoda-ku Tokyo 102-0072 Japan
Tel: +81-3-3556-7325 Fax: +81-3-3556-7328
Email: tanabe@jacses.org URL: http://www.jacses.org/en/