Japan pension adopts gender diversity index

Japan’s Government Pension Investment Fund has selected the gender diversity index recently launched by Morningstar in partnership with Equileap.

The Morningstar Developed Markets ex-Japan Gender Diversity Index uses data and a scoring methodology provided by Equileap and weights constituents based on 19 gender equality criteria. Japan’s Government Pension Investment Fund is the world’s largest pension fund with approximately $1.5 trillion in assets under management as of June 2020 and will now track the Morningstar index which provides exposure to developed market companies exhibiting strong gender diversity policy and practices.