Research identified investments in companies of concern and positive outcome companies inside this fund
Companies of concern
Low compared to other KiwiSaver growth funds
6.66% of this fund is invested in 19 companies of concern in these categories
Positive outcome companies
Very high compared to other KiwiSaver growth funds
11.42% of this fund is invested in 19 positive outcome companies in these categories
Companies of Concern
19 companies within 5 concerns
6.66% of this fund is invested in these 19 companies of concern whose activities cause serious harm to people or the planet, as per the criteria in Mindful Money's methodology.
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Animal Cruelty
1.76% of fund
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Nutrien Ltd.0.65%
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Kimberly-Clark Corp.0.54%
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Symrise AG0.42%
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Environmental Harm
1.52% of fund
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Fonterra0.70%
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Nutrien Ltd.0.65%
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Mowi Asa0.16%
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Fossil Fuels
3.20% of fund
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Nextera Energy, Inc.1.05%
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Quanta Services0.54%
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Bilfinger0.37%
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Human Rights Violations
0.21% of fund
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Meta Platforms, Inc.0.21%
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Social Harm
0.62% of fund
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Diageo0.34%
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Heineken0.28%
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Fund provider response
At Aurora Capital (AC), the focus of our responsible investment approach is to prioritise the climate and environment and to support the change that's needed to create a healthier climate and environment. We actively exclude companies that do more social and environmental harm than good, however, we accept that we can’t be all things to all people. While exclusions are important in avoiding the most harmful activities, using the climate and environment as an example, exclusions can’t create the change that’s needed to reduce carbon emissions, which is central to improving the climate crisis. We need to do more than simply exclude high carbon emitting companies; we also need to fund innovations that are needed to replace legacy carbon emitting processes. We may invest in companies that currently have high carbon emissions provided they are on a path to a renewable future. Please see our website for more information about our Responsible Investing Policy and exclusions: https://www.aurora.co.nz/assets/Fund-Documents/Aurora_Responsible_Investment_Feb24.pdf
About this information
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register for 31st March 2026 and Mindful Money analysis of funds within those portfolios.
The categories of concern and positive outcomes are based on definitions used in Mindful Money’s Methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.
Lists of companies of concern and positive outcome companies have been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of concern or bring about more than one positive outcome.
Mindful Money uses the term Mindful Fund as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.