Responsible Investment News

Climate groups to rally NZ banks

The events across Aotearoa will include a series of challenges for participants to be part of, to represent the steps each bank needs to take to cut all corporate ties with the fossil fuel industry. For example, on Friday 10th May in Auckland, attendees will join teams to represent three New Zealand banks in a race to go ‘Fossil Free’: TSB, The Co-operative Bank, and Kiwibank. Each bank team will participate in challenges including a coal and spoon race, and a race to fill up a ‘carbon sink’, representing keeping coal, oil, and gas in the ground. Similar challenges are happening on Saturday 11th May in Nelson and Christchurch, where attendees will be challenged to throw ‘coal back in the hole’. Each action is taking part to engage the public in the link between banks in Aotearoa and the fossil fuel industry, and to call on TSB, Kiwibank and the Co-operative Bank to show a commitment to action on climate change by implementing ethical lending and investment policies.

Read full release here.