A Japanese public pension fund that manages its portfolio in line with the world’s largest pension manager has boosted investments in ESG-related stocks by more than sixfold in its $62 billion (¥6.5 trillion) domestic equity portfolio.

The Pension Fund Association for Local Government Officials, known as Chikyoren, has increased its exposure to environment, social and governance themes to about ¥820 billion ($7.8 billion), representing 13% of its Japanese equities portfolio, said Shigemune Sato, director-general of the fund management department of the public fund. That compares with about ¥130 billion in March last year.

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