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Social harm free funds

Did you know that $1.4 billion of our investments support companies that cause Social Harm?

Did you know that $1.4 billion of our investments support companies that cause Social Harm?

The tobacco, gambling, adult entertainment, pornography, and alcohol industries have long been recognised for the harm they can inflict on individuals and society. Tobacco, with its undeniable links to many health issues; gambling, which can lead to addiction and financial hardships; pornography, often criticised for its exploitative nature; and alcohol, associated with health risks and societal issues.

But did you know your KiwiSaver and Investment funds could be directly funding these companies?

A staggering $802 million is currently invested in these industries through KiwiSaver alone, complemented by an additional $599 million from other investment funds (analysis of September 2023 data). This accumulates to a total of $1.4 billion - a figure that starkly contrasts with the values many New Zealanders hold.

Our recent survey showed that a significant majority of Kiwis wish to ensure their investments avoid industries that can contribute to social harm:

  • 74% of Kiwis prefer their investments to steer clear of companies engaged in adult entertainment or pornography.
  • Equally, 74% wish to avoid companies involved in the tobacco industry.
  • 73% of New Zealanders wish their funds to stay away from gambling companies.
  • 69% would rather not see their hard-earned money supporting the alcohol industry.

What does Social Harm Free mean?

Social harm free investing means no investments in the following: 

Tobacco - Where companies are involved in the production or retail of tobacco, or tobacco-related products and services. 

Gambling – Where companies are involved in the manufacture or retail of gambling specialised equipment, gambling supporting products and services, or gambling operations.

Adult Entertainment/Pornography - Where companies are involved in the production or distribution of adult entertainment.

Alcohol - Where companies are involved in the production or retail of alcoholic beverages, or alcohol-related products and services.

Read more about our methodology for identifying companies causing social harm here.

KiwiSaver & Investment Funds free from Social Harm

Look for our Social Harm badges on funds. These have met Mindful Money's robust criteria, and are proven to have less than 0.01% (one hundredth of one percent) invested in companies that cause Social Harm. 

KiwiSaver Funds free from Social Harm (based on September 2023 data)

  • AE KiwiSaver Plan
  • ASB Positive Impact Fund
  • Aurora Balanced Strategy
  • Aurora RetirementPlus Age 65
  • Booster Socially Responsible Balanced Fund
  • Booster Socially Responsible Geared Growth Fund
  • Booster Socially Responsible Growth Fund
  • Booster Socially Responsible High Growth Fund
  • InvestNow Harbour Australasian Equity Focus Fund
  • InvestNow Mint Australasian Equity Fund
  • InvestNow Pathfinder Ethical Growth Fund
  • InvestNow Salt NZ Dividend Appreciation Fund
  • Juno Balanced Fund
  • Juno Growth Fund
  • Kernel KiwiSaver Nz 50 ESG Tilted Fund
  • Koura KiwiSaver Rest of World Equities Fund
  • Lifetages Auto Option Age 55 - 59
  • Lifestages Auto Option Age 60 - 64
  • Nikko AM Global Shares Fund
  • Nikko AM SRI Equity Fund
  • NZ Funds Balanced Fund
  • NZ Funds Growth Strategy
  • NZ Funds Inflation Strategy
  • NZ Funds Life Cycle - Age 0-54
  • NZ Funds Life Cycle - Age 65
  • NZ Funds Life Cycle - Age 75
  • Pathfinder KiwiSaver Balanced Fund
  • Pathfinder KiwiSaver Growth Fund
  • QuayStreet Socially Responsible Investment Fund
  • Sharesies Pie Global Growth 2 Fund
  • Sharesies Pathfinder Ethical Growth Fund
  • Superlife NZ Dividend Fund

Investment Funds free from Social Harm (based on September 2023 data)

  • ACI Balanced Strategy
  • AE Investor
  • ASB Positive Impact Fund
  • BetaShares Australian Sustainability Leaders Fund
  • BetaShares Global Sustainability Leaders Fund
  • Booster Socially Responsible Balanced Fund
  • Booster Socially Responsible Growth Fund
  • Booster Socially Responsible High Growth Fund
  • Clarity Dividend Yield Fund
  • Clarity New Zealand Equity Fund
  • Clarity Trans-Tasman Value Fund
  • Devon Sustainability Fund
  • Fisher Funds Australian Growth Fund
  • Fisher Funds International Growth Fund
  • Fisher Funds Premium Australian Fund
  • Fisher Funds Premium International Fund
  • Generate Australasian Managed Fund
  • Harbour Australasian Equity Focus Fund
  • Harbour Australasian Equity Fund
  • Harbour Australasian Equity Income Fund
  • Harbour Sustainable Impact Fund
  • Harbour Sustainable NZ Shares Fund
  • Hobson Wealth International Growth Fund
  • Hobson Wealth NZ Equity Fund
  • Hyperion Global Growth Companies Pie Fund
  • Kernel Nz 50 ESG Tilted Fund
  • Lighthouse Global Equity Fund
  • Mercer Ethical Leaders Global Shares Fund
  • Mercer Ethical Leaders NZ Shares Fund
  • Mint Australasian Equity Fund
  • Mint Diversified Alternatives Fund
  • Mint New Zealand SRI Equity Fund
  • Nikko AM Global Shares Fund
  • Nikko AM Global Shares Hedged Fund
  • Nikko AM SRI Equity Fund
  • NZ Funds Global Infrastructure
  • NZ Funds Global Macro
  • NZ Funds Global Shares
  • NZ Funds Global Utilities
  • NZ Funds Income Generator
  • Nz Funds Life Cycle - Age 0-54
  • NZ Funds Life Cycle - Age 65
  • NZ Funds Life Cycle - Age 75
  • NZ Funds New Zealand and Australian Shares
  • NZ Funds New Zealand Infrastructure
  • NZ Funds New Zealand Utilities
  • NZ Funds Wealth Builder - Growth Strategy
  • NZ Funds Wealth Builder - Inflation Strategy
  • Pathfinder Ethical Growth Fund
  • Pathfinder Ethical Trans-Tasman Fund
  • Pathfinder Global Responsibility Fund
  • Pie Australasian Dividend Growth Fund
  • Pie Australasian Growth 2 Fund
  • Pie Global Growth 2 Fund
  • QuayStreet Socially Responsible Investment Fund
  • Salt Core Nz Shares Fund
  • Salt Nz Dividend Appreciation Fund
  • Salt Sustainable Global Shares Fund
  • Salt Sustainable Growth Fund
  • Salt Sustainable Income Fund
  • Simplicity NZ Share Fund
  • Smartshares Global Bond ETF
  • Smartshares Global Equities ESG ETF
  • Smartshares NZ Core Equity Trust
  • Smartshares NZ Dividend ETF
  • Stewart Investors Worldwide Leaders Sustainability Fund
  • Superlife NZ Dividend Fund
  • Tahito Te Tai O Rehua Fund
  • Tempo Clean Energy Fund
  • Tempo Future Cities Fund
  • Tempo Global Variety Fund
  • Trust Management - ESG Australasian Share Fund
  • Trust Management - ESG Balanced Fund
  • Trust Management - ESG International Share Fund

Want to know more?

The discussion in the seminar below examines the case for divesting from alcohol and the arguments for a more selective approach.

There has been a strong campaign for stronger health warnings on alcohol labeling and annual surveys show that most Kiwis want to avoid alcohol in their investments. Or is there a way to use responsible investing for responsible drinking?