NPS looks to timberland for diversification, ESG benefits
The Korean pension fund giant is venturing into timberland investment, and more asset owners are expected to follow suit as they seek diversification and sustainable investments.
Korea’s National Pension Service (NPS) is making its first-ever investment into timberland to diversify its portfolio as part of its broader efforts to diversify its large portfolio into overseas and alternative assets and underscore its rising credentials in environmental, social and governance (ESG) considerations.
The world’s third largest pension fund, which had W834 trillion ($752 billion) of assets under management as of December last year, announced in mid-February that it …
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