Responsible Investment News

Ethical KiwiSaver fund standard called for

A promoter of sustainable business and former Oxfam NZ CEO, Barry Coates, who also helped set up ethical investments in Britain, said the definition of what was ethical or sustainable was decided by fund managers, which was confusing for consumers.

He said there was a need for an industry-wide standard, like the Fairtrade brand.

“That would enable social marketing and promotion to really build the confidence that the public can put their money into investments that won’t destroy the planet or harm people,” he said.
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