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Best Practice Just Got Far Better: Winners At The Mindful Money Ethical And Impact Investment Awards
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Business Scoop » Best Practice Just Got Far Better: Winners At The Mindful Money Ethical And Impact Investment Awards
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Investing for good - the new moves to take the nasties out of your KiwiSaver
30 Apr, 2021 05:32 AM
15 minutes to read
Fossil fuel investments must be excluded under the new default KiwiSaver provider appointments. Photo / File
Five years ago, KiwiSaver investors were shocked to find their retirement savings were propping up companies involved in cluster bombs, landmines and tobacco. Fund managers pulled out of the investments, black-listing a range of companies in those sectors and building exclusion lists to make sure they kept onside with members.
Now a new group of exclusions are set to be added to the list of companies that KiwiSaver providers will either have to avoid, or make an active decision to include or exclude.