Responsible Investment News

Climate change views irrelevant to investment - it's already priced in

Stuff, John Berry, 4 February 2018
OPINION: As an investor, it's not relevant whether you believe the science of climate change stacks up.

The weight of evidence is compelling, but set that aside. The world has changed, your investments are already starting to price in climate change.

Carbon credits are now currency in today's economy and therefore a company's carbon footprint is starting to become as important as its profits, for assessing a share's value.

High carbon companies will be forced to reorganise their activities, or they will be sold down by investors.

Those positioning their investment portfolios to recognise this should win, whether global warming actually happens or not.

Should we invest in countries that don't share NZ's view on human rights?

Stuff, Rob Stock, 28 Jan 2018
Last year at the United Nations, New Zealand urged The Philippines to "appropriately investigate deaths which have occurred in the course of police operations associated with the war on drugs".

Tough-talking Philippines president Rodrigo Duterte's war on drugs resulted in what Human Rights Watch called "an unprecedented level of killing by law enforcement" since Duterte took office in June 2016.

But even as New Zealand was signalling its dismay at extrajudicial killings in the country, the New Zealand Super Fund, our sovereign wealth fund designed to help pay tomorrow's pensions, had $2.9 million invested with The Philippines government.

Socially responsible investing gets a Trump bump

NZ Herald - 26 Jan 2018
NEW YORK (AP) — Decades after she began investing, Diana Casey for the first time put money in mutual funds that favor companies with women in corner offices and otherwise aim to invest in a socially responsible way. Her inspiration? President Donald Trump.

Dynamic duo: how investors, Millennials are fighting modern slavery By Lucy Dean, 18 Jan 2018
Who made your T-shirt, and what were they paid for it? It’s a question that Millennial consumers care about, and so investors do too.

According to a recent AMP Capital insight, young Australians’ spending power and habits could end modern slavery in the clothing industry as they shift away from cheap but dubiously sourced garments.

AMP Capital’s responsible investment leaders’ Kristen Le Mesurier explained that investors are being influenced by Millennial concerns to push companies for change in order to meet Millennials’ moral standards.

Apple, Facebook and the dawning of a new age in capitalism

Financial Review - 14 Jan 2018
Apple is the subject of a different activist campaign, one that could elevate the responsible investment movement beyond those concerned about climate change to those fearful about the mental wellbeing of their children.

John Berry: KiwiSaver firms weak on responsible investment (The Herald - 21 Dec 2017)

KiwiSaver investors care if their savings cause environmental or social harm. And many more would care if major fund managers backed up their commitments to responsible investment with action.

NZ Super Fund won't buy recreational cannabis shares

The $37 billion NZ Super Fund said it won't invest in companies involved in the recreational cannabis industry.

The move, announced on Monday evening, came on the eve of Parliament debating a bill to legalise medicinal use of cannabis.

The NZ Super Fund, which is New Zealand's giant sovereign wealth fund designed to help pay for NZ Super for tomorrow's pensioners, started the moves to exclude recreational cannabis in September before the Labour-led government assumed power.

First do no harm: How to be a responsible investor

There is a rising global movement towards responsible investing, but how can new KiwiSavers know how to invest without causing harm? Rebecca Stevenson caught up with Kiwi Wealth’s Steffan Berridge to discuss the ins and outs of ethical investing.

Millennials take up ethical investing (and it's rubbing off on their parents)

Millennials are increasingly interested in sustainable investing and in many cases are instilling their social and environmental values in their parents.

Mass starvation is humanity’s fate if we keep flogging the land to death

While directly not concerning responsible investment, this issue clearly has implications for what we invest in (Jonathan Neal).

Brexit; the crushing of democracy by billionaires; the next financial crash; a rogue US president: none of them keeps me awake at night. This is not because I don’t care – I care very much. It’s only because I have a bigger question on my mind. Where is all the food going to come from?

By the middle of this century there will be two or three billion more people on Earth. Any one of the issues I am about to list could help precipitate mass starvation. And this is before you consider how they might interact.

A copy of Jonathan Neal's Primary Disclosure Statement is available here.