Japanese ICMIF member Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives) and The Norinchukin Bank (Central Cooperative Bank for Agriculture, Forestry and Fisheries), both of which belong to the JA (Japan Agricultural Cooperatives) Group, have announced that they have invested JPY 10 billion (USD 95 million) each i.e. JPY 20 billion (USD 190 million) in total into an Exchange Traded Fund (ETF) focused on dealing with the environmental and social issues caused by climate change. The ETF, which is managed by Norinchukin Zenkyoren Asset Management Co., Ltd.(NZAM), is aimed for tracking the S&P/JPX Carbon Efficient Index . The investment is structured to selectively invest in companies with low greenhouse gas emissions and encourages a wide range of companies to improve greenhouse gas emissions and information disclosure. The aim of the investment is to collaboratively contribute as the JA Group towards solving climate change issues as they have huge, negative impacts on the agricultural industry