Responsible Investment News

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

A Westpac survey released last week portrayed KiwiSaver investors as an indifferent bunch, alleging nearly 60 per cent were unmoved by whether their investments made a positive difference.

That finding runs contrary to earlier surveys by the Responsible Investment Association of Australasia (RIAA) and Kiwi Wealth, each of which found environmental, social and governance (ESG) factors were of “at least some importance” to over 90 per cent of respondents when selecting a KiwiSaver.

It’s impressive that in each survey over 80 per cent rated ESG’s importance as 5 out of 10 or higher.

The findings of the Westpac survey also run contrary to the conversations we have on responsible investing up and down the country. We find that people either can’t find the information they want on responsible investment or they are sceptical about the responsible investment claims made by the major providers.

Read full article here.