Noritz pension fund CIO sceptical about ESG

Japanese Noritz Corporate Pension Fund has reservations about environmental, social, and governance (ESG) standards and their ability to create returns for investors. Kiyoshi Iwashina Noritz Corporate Pension Fund While Kiyoshi Iwashina, chief executive officer and chief investment officer at the fund, is all for ESG as a concept and a social movement, he has his doubts about ESG as a factor in asset management. “To begin with, ESG, from any perspective, is a cost-in…