Nippon Life has decided to invest US$20m in TPG Rise Climate, L.P., a dedicated climate investing fund managed by TPG.
The fund seeks to deliver competitive private equity returns while generating positive environmental and social impact, and is focused on making investments that can achieve measurable reduction in CO2e and contribute to the realisation of a decarbonised society.
Going forward, Nippon Life will continue to engage in ESG investment and financing with the aim of contributing to the realisation of a sustainable society and to better serve the interests of policyholders.