Responsible Investment News

Govt tells KiwiSaver providers to act quickly on weapons’ investments

The report comes five months after the Herald and RNZ first revealed the controversial investments stoking a public concern from consumers and worries that the investments may be in breach of New Zealand’s law.

Green Party co-leader James Shaw said the government’s weak approach was letting too many KiwiSaver providers off the hook for behaviour that was unethical and possibly illegal.

“Parliament’s intention was clear when it passed a law banning investment in companies producing cluster bombs in 2009.”

“The government must set a clear deadline for when all KiwiSaver funds should dump their investments in companies involved in the manufacture of these horrific weapons,” said Green Party co-leader James Shaw.

Read full article here.