Responsible Investment News

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No police action on KiwiSaver cluster munitions, weak law blamed

The police investigation into whether KiwiSaver providers broke the Cluster Munitions Prohibition Act is over, and nobody has been charged.

The investigation followed a complaint from Amnesty International following media coverage of large KiwiSaver schemes which held shares in US companies involved in the arms industry.

"The Police, in consultation with the Financial Markets Authority, have completed an assessment into whether the Cluster Munitions Act is likely to have been breached by New Zealand KiwiSaver fund managers," it said in a statement.

But, it said: "There are significant threshold issues with regard to establishing breaches of the Act, and at this stage there is no evidence to indicate offending."

Declustering KiwiSaver: Vanguard looks for tidy trans-Tasman solution

Vanguard’s mooted ‘cluster-free’ product could appeal to both Australian and New Zealand investors, according to the fund manager’s head of market strategy and communications in Australia, Robin Bowerman.

Bowerman said Vanguard is working with its NZ KiwiSaver clients to develop an “acceptable” passive global shares solution that excluded companies associated with cluster bomb and nuclear weapons manufacturing.

BNZ latest to review KiwiSaver weapons investments

BNZ and ASB are the latest banks to announce they will either review or ditch KiwiSaver investments in companies that make cluster bombs, anti-personnel mines or nuclear weapons.

Fisher Funds: 'Sin industries' cause investment contradiction

There have been two enormous trends in share market investing over the last decade and their popularity has led to some interesting and unintended consequences.

Passive or index investing is one. It stands well apart from the other one - ethical investing or putting one's money into what one believes in.

KiwiSavers invest in cluster bomb, land mine manufacturers

Hundreds of thousands of KiwiSaver members in government-appointed default schemes may be unknowingly investing in companies making cluster bombs and anti-personnel mines.

At least five of the nine default KiwiSaver providers invested in these types of companies, despite them being banned by government agencies such as the New Zealand Superannuation Fund and ACC.

The Green Party and Amnesty International say the government must review default providers that have investments in these weapons.

MORE MONEY GOING TO, AND BEING EARNED FROM, RESPONSIBLE INVESTING

27 July 2016
A significant sum of New Zealand’s capital is now being invested responsibly – totalling $NZ 78.7 billion – with early signs showing consumer demand is increasingly following this rise that has resulted in billions shifting from mainstream to responsible funds.

The new report launched today by the Responsible Investment Association Australasia (RIAA), shows this strong up take of responsible investment, from the largest institutions through to boutique funds and KiwiSaver products, is not only benefiting New Zealanders by underpinning strong investment strategies that deliver strong returns, but also contributing to a better environmental and social outlook for New Zealand.

Government agencies' fast-food investments shock

More than $260 million of taxpayers' money is invested in fast-food brands and soft drink giants.

Obesity campaigners say they're appalled at the investments by bodies such as the Super Fund and ACC and are calling for junk food investments to be banned.

Figures obtained by RNZ News show as of 31 May, New Zealand Superannuation Fund and ACC had $110 million invested in The Coca-Cola Company and its global subsidiaries and $70m in its main rival Pepsico.

"Godfather of Coral"

While strictly speaking this is not Responsible Investment news, it is the kind of information that motivates me to invest responsibly - Jonathan Neal.


Call for university to ditch fuel companies

Students are pushing for University of Auckland to commit to divesting itself from fossil fuel companies.

VIDEO: The Investment Series – Think like an investor

Featuring Chief Investment Officer at Australian Ethical, David Macri.
(two of Australian Ethical's funds are used within Rise Portfolios)


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