Responsible Investment News

240 Auckland University staff join fossil fuel divestment push

Pressure has mounted on foundations linked to the University of Auckland to pull their money from fossil fuel companies, with 240 university staff signing an open letter backing the shift.

The letter - signed by prominent faculty members including Dame Anne Salmond, Professor Jane Kelsey, Dr Niki Harre and Professor Peter Adams - comes two weeks after 13 students staged a 12-hour sit-in at Vice-Chancellor Stuart McCutcheon's wing in the university's historic clock tower.

Church Leaders join those galvanizing for Climate action

Church Leaders and Churches Climate Network joins those galvanizing for Climate action and laments US withdrawal from the Paris Agreement

5th June 2017 F.
The Churches Climate Network in New Zealand profoundly laments the withdrawal of the US from the Paris Agreement for climate stabilization.
The US decision shows the forces of economic self interest clashing with tide of long term transitions to an economy aligned with the planet. ‘The Paris Agreement brought about global recognition of human interdependence with the biosphere and churches are taking action for the transition’ says Rev. Dr Betsan Martin, Convenor of the Churches Climate Network.

Fatih-based investing: doing good and doing well

NEW YORK (RNS) Sister Patricia Daly is a Dominican nun who has been lobbying corporations to be socially responsible for so long that she has a rich trove of stories about battling recalcitrant execs and pushing faith-based resolutions at shareholder meetings.

Looking behind the screens of ESG investing

Interest in environmental, social and governance principles (ESG) has been growing among investors in recent years. However, in pursuing these preferences, they can severely risk compromising their investment goals. As the popularity of investing sustainably gains momentum globally, how do fiduciaries ensure sound investment outcomes are not compromised in pursuing ESG goals?

The Economist - The Earth Circle: making environmentalism pay its way (Video - 14 mins)

A hopeful video about the promise and challenges of the circular economy.

ANZ’s responsible investment fund, what about fossil fuels?

4 May 2017 - Press Release – 350 Aotearoa
ANZ today announced a new international equities fund which excludes investments in companies involved in weapons and tobacco, following pressure from consumers.

The fund recognises changing views on responsible investing, with ANZ saying that they will be able to invest or divest quickly depending on investor attitudes.

350 Aotearoa is calling on ANZ to show the same responsiveness when it comes to divestment from the fossil fuel industry.

New fund to meet changing views on responsible investing

5 May 2017 - Press Release – ANZ Bank
ANZ Investments today announced details of a new international equities fund that can be tailored to meet the changing views of New Zealanders on responsible investing.

ANZ Wealth managing director Craig Mulholland said today the new fund tracks an index of international equities that excludes investments in companies involved in controversial weapons and tobacco.

The end of the cult of car ownership?

RNZ - Nine to Noon. 5 May 2017
If responsible investment includes investing in our means of transport (and I suggest that it does), then you will want to hear this interview.

Kathryn Ryan talks with Stanford University lecturer Tony Seba who has co-authored a report predicting the impact of driver-less cars. He says within 10 years of regulatory approval, 95% of passenger miles traveled in the United States will be in autonomous electric vehicles.

Antibiotics the next ethical investment battleground

(Australian) Financial Review - Adele Ferguson
Weeks after declaring war on tobacco by confirming it would sell $600 million worth of tobacco-related stocks and biological weapon investments, AMP Capital has released a landmark report flagging the regulatory and earnings dangers of businesses using antibiotics in the food chain.


How ethical are New Zealand clothing brands?

Stuff - JULIE ILES
New Zealand fashion brands are getting better at ensuring workers are not being exploited to make their clothes, according to the latest Ethical Fashion Report.

The report grades 330 major global and domestic fashion brands and 106 apparel companies from A to F on their policies, supplier traceability and transparency, auditing practices and worker empowerment.

The New Zealand brands scored a median grade of B-, beating the international average of C+.