Nippon Life to allocate $280m for impact investments, back TPG fund

Nippon Life to allocate $280m for impact investments, back TPG fund

A man walks past a logo of Japanese life insurer Nippon Life at the company's headquarters in Tokyo April 21, 2011. REUTERS/Yuriko Nakao

Nippon Life Insurance plans to invest 30 billion yen ($280 million) in companies that provide solutions to social and environmental issues three years from now, Nikkei has learned.

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