Green Money and Greenwashing

Tue Sept. 20th 2022

Originally posted on Newsroom, written by Nikki MandowSustainable finance: it's crazy important, and sometimes seriously flawed. In the fourth of our Net Zero: The Road …

KiwiSaver Funds Are Investing Billions Of Dollars In Companies That Most Of The Public Want To Avoid

Mon Aug. 29th 2022

Most KiwiSaver funds and other investment funds claim to be investing ethically. However, as the FMA pointed out in its report on 27 July, very …

'Empty promises' as firms move away from ethical investments - Study

Thu Aug. 18th 2022

Originally pushed on RNZLocal investors wanting ethical investment are being misled by fund managers who have increased their stakes in companies involved in undesirable businesses. …

KiwiSaver providers failing to back sustainability claims

Sun July 31st 2022

Originally posted on One News New Zealanders aiming to put KiwiSaver funds towards green investments are being kept in the dark according to authorities, with …

KiwiSaver funds touting themselves as ethical are falling short of their claims, FMA says

Sat July 30th 2022

This article was originally published by Daniel Smith on Stuff. Every KiwiSaver and investment fund that labels itself green, climate friendly or ethical is falling short …

Mindful Money Ethical and Impact Investment Awards 2022

Wed June 29th 2022

There was a packed room of 200 people at the Mindful Money Ethical and Impact Investment awards yesterday afternoon, coming together to celebrate leaders in the transition towards ethical investment.

Finalists Announced for Mindful Money Ethical and Impact Investment Awards

Thu May 26th 2022

There were 53 entries in 8 different award categories, judged by 32 independent experts. The judging process has been rigorous and achieved consensus in each category, selecting a strong field of finalists.

Mindful Money Awards

Wed May 11th 2022

Hon. David Clark will be the keynote speaker at the Mindful Money Awards and Ethical Investment conference to be held in Auckland at 3.30 – 7.30pm on Tuesday 28th June.

Ethical Investing comes of age: Innovative new Mindful Funds announced

Wed April 6th 2022

We are excited to announce the designation of 17 additional funds in the category of "Mindful Funds".

KiwiSaver crawls towards its nuclear-free moment

Mon March 28th 2022

Prime minister David Lange famously told a questioner at a debate at Oxford University on nuclear weapons: “I can smell the uranium on (your breath) as you lean towards me.” Well, there’s still a whiff of uranium on the breath of some KiwiSaver funds, new research from ethical research charity Mindful Money suggests, but not for much longer.

Divestment from Russia: List of Articles

Thu March 17th 2022

Mindful Money kicked off an important public discussion over KiwiSaver and investment fund investments in Putin’s regime. Here's a summary of the articles generated.

Did your KiwiSaver help finance Putin’s invasion?

Mon March 14th 2022

The global financial backlash to Russia’s war in Ukraine demonstrates the power of every investor to use their money as a force for good, writes …

Press Release: Which funds are walking the talk?

Fri March 11th 2022

Ethical investment is on the rise in New Zealand. Most funds claim to be responsible, but billions of dollars are still invested in companies that …

NZ Govt-backed investment funds to exclude some Russian investments

Thu March 3rd 2022

Originally published by Tamsyn Parker on The NZ Herald: Four New Zealand government-backed investment funds are to exclude Russian Federation sovereign debt and the securities of majority Russian state-owned enterprises.

Media Release: Russian Investment

Tue March 1st 2022

Media Release For immediate release 28 February 2022 In response to Russia’s invasion of Ukraine, the US and its allies have adopted sanctions aimed at …

NZ investment funds had more than $100 million invested in Russia

Mon Feb. 28th 2022

Originally published on Stuff, written by Rob Stock. CHECK TO SEE IF YOUR KIWISAVER IS INVESTED IN RUSSIA KiwiSaver research charity Mindful Money says New …

Ramping up Impact Investment in Aotearoa

Wed Dec. 8th 2021

Ramping up Impact Investment in Aotearoa Impact investment is an exciting category of investment that allows investors to earn returns as well as contributing to …

The fossil fuel era won’t end until we stop investing in it

Tue Nov. 23rd 2021

Oil companies are so large and remote it can seem there’s nothing individual New Zealanders can do to make their voices heard. But all of us have the choice not to invest in fossil fuels. Cop26, the international climate summit in Glasgow, didn’t provide the much-needed pathway for avoiding climate chaos, but it clearly signalled the end of an era for economies historically powered by cheap fossil fuels. The Cop26 final declaration was bitterly opposed by oil-producing companies and governments, and was watered down in the final hours, but it was agreed that governments will phase down coal power and phase out most forms of fossil fuel subsidies. This is the first time that governments have collectively made these commitments or even talked about reducing fossil fuels in a climate agreement.

Beyond COP26: It’s up to citizens and markets to kiss fossil fuels goodbye

Wed Nov. 17th 2021

Governments made some progress during COP26, but not enough. Now the mantle passes to citizens and markets to decarbonise our economy.

Good Policy and Policy for Good: Public Investment Funds Are Going Net Zero

Thu Oct. 28th 2021

Mindful Money welcomes the announcement today by the Government and the Crown Financial Institutions (CFIs) to reflect the goal of a carbon neutral New Zealand by 2050. Mindful Money founder and CEO, Barry Coates commented: “This decision to align public investment with the government’s net zero commitments sends an important signal to the financial sector. This is not just good climate policy, in an era of severe climate risk this is also sound financial policy.”

New climate-focused KiwiSaver scheme allows Kiwis to invest money where it makes a difference

Thu Oct. 28th 2021

Original article was written by Priscilla Dickinson, and can be found here on NewsHub A new KiwiSaver scheme aims to give Kiwis the option to avoid …

Rod Oram: The hot debate over responsible investing

Tue Sept. 14th 2021

One of the hottest investment pitches around the world– you can earn superior returns while doing good for the planet and society – is becoming one of the most controversial. That promise by fund managers is attracting record sums into the category of ‘responsible investment’ which adds environmental, societal and governance (ESG) criteria to conventional investment analysis.

KiwiSaver funds dump $331 million of fossil fuel investments

Tue Aug. 24th 2021

KiwiSaver funds have sold out of $331 million​ of their fossil fuel company investments in just six months, data from Mindful Money show. Barry Coates, the founder of the Mindful Money ethical investing website, said KiwiSaver funds’ combined investments in oil and gas companies fell from $1.85 billion to $1.54b in the six months ended on March 31. That took the proportion of KiwiSaver money invested in fossil fuels from 2.45 per cent to 1.8 per cent, Coates said. “The sharp fall in fossil fuel investment by KiwiSaver funds is good news,” he said.

Investor 'horrified' to discover surprise lurking in KiwiSaver

Mon Aug. 16th 2021

When Andrew Jenkins​ decided it was time to check where his KiwiSaver money was invested, he was horrified at what he discovered. The 24-year-old​ university student found his ANZ KiwiSaver fund contained “a significant amount of money” invested in a company he felt strongly against. “The name Nestle stood out to me immediately. Their name comes up a lot when you are discussing human rights abuses. So when I saw I was invested with them, I was not happy,” Jenkins​ said.

Pathfinder joins the $100 million club

Tue Aug. 10th 2021

Pathfinder may be one of New Zealand's newest and smallest KiwiSaver providers but is growing rapidly and has hit its first major milestone with over $100 million of assets under management.

Your biggest climate impact might be your Kiwisaver

Mon Aug. 9th 2021

Most New Zealanders are taking actions to reduce their carbon impact. This is important. While individual actions alone will not solve the climate crisis, they are vital in influencing business practices. We need to align our economic choices with our values by supporting climate solutions rather than contributing to the problem. However, many supporters of climate action have a blind spot when it comes to their savings and investment. The number of people with a more ethical and lower-carbon KiwiSaver or investment fund is growing but is still a small proportion of the population.

Reserve Bank urges investors to green up their portfolios

Thu July 8th 2021

Examine your investments and see how you can incorporate climate risk, says the Reserve Bank Governor. Adrian Orr has drawn on his time running the NZ Super Fund to issue a resounding call to mum-and-dad investors to consider the climate when they decide where to put their money.

Mindful Money Awards Winners 2021

Thu July 1st 2021

Best practice just got far better: Winners at the Mindful Money Ethical and Impact Investment awards The inaugural Ethical and Impact Investment awards were held on 29th June at Generator in Wynyard Quarter in an event with over 200 participants. COVID restrictions meant the participants from Wellington and Australia joined online. Mindful Money Founder and CEO, Barry Coates congratulated entrants, finalists and winners on huge step up in practice on all aspects of ethical investment. The awards show that standards are rising. As several of the judging panels commented, the standard of entries is far higher than it would have been even two years ago. The bar for good practice is being raised, and quickly.

New Ethical Funds on Mindful Money

Fri June 18th 2021

Mindful Money is pleased to welcome five more investment funds onto the Mindful Money platform, including three new providers - Devon Funds, Harbour Asset Management and Mint Asset Management. The new funds also include two further investment funds from Pathfinder Asset Management.

Finalists Announced for Mindful Money Awards

Sat May 29th 2021

Ethical Investment is set to become the new normal in New Zealand, but there has been widespread confusion over uneven standards. Mindful Money has launched the inaugural awards for ethical and impact investment awards to celebrate those setting best practice standards.

Barry Coates and Good Returns Talking Ethical Investment

Tue May 4th 2021

There's a massive change starting to happen in investment. At last, investors are starting to see credible options. Listen to our founder Barry Coates on the latest Good Returns TV talking to the demand shifts towards ethical investment.

Investing for good - the new moves to take the nasties out of your KiwiSaver

Tue May 4th 2021

Originally published on The Herald. This is an excerpt, the full original article can be found here. Five years ago, KiwiSaver investors were shocked to find …

Orr and Shaw headline Mindful Money awards and conference

Tue May 4th 2021

RBNZ chief Adrian Orr will be the keynote speaker at the inaugural Mindful Money Awards and Ethical Investment conference to be held in Auckland late next month. The awards themselves will be hosted by popular comedian Te Radar at Generator@GridAKL on June 29 with awards and conference organisers Mindful Money releasing the line-up of speakers a week before entries to the awards close at 5pm on Monday, May 10.

NZX-owned KiwiSaver provider is the biggest nuclear investor

Fri March 19th 2021

Originally published on Stuff. The original article can be found here. A KiwiSaver fund owned by the New Zealand stock exchange operator was the biggest …

Nukes in your KiwiSaver fund?

Fri March 19th 2021

Nukes in your KiwiSaver fund? Kiwis don’t want weapons in their KiwiSaver funds. That message has come through loud and clear since it was revealed …

KiwiSaver: 88 providers investing in making of nuclear weapons - Mindful Money

Thu March 18th 2021

Originally published on RNZ. The original article can be found here.Many savers may be invested in nuclear weapons, against their wishes, but be completely unaware …

PM Jacinda Ardern’s KiwiSaver investments show we've passed the point of peak greenwashing

Mon Feb. 22nd 2021

Originally published on Stuff, by John Berry. The original article can be found here.Last week Jacinda Ardern’s bank KiwiSaver was found to invest in weapons …

Jacinda Ardern 'not aware' her KiwiSaver scheme profited from Saudi military deals

Mon Feb. 22nd 2021

Originally published on Stuff, by Rob Stock. The original article can be found here.Prime Minister Jacinda Ardern said she was not aware her KiwiSaver scheme …

How to go weapons-free in KiwiSaver

Fri Feb. 19th 2021

There are now more than a dozen weapons-free KiwiSaver schemes and funds meaning anybody who wishes to keep their retirement savings clear of the arms industry can easily do so.

FMA sets expectations for issuers of ‘green’ and ‘responsible’ funds

Tue Dec. 15th 2020

The “Disclosure framework for integrated financial products” guidance shows the FMA is ready to take into account a wider scope of investor outcomes than just financial returns.

Highlights from the IoD breakfast event on climate-related disclosures

Mon Dec. 14th 2020

Published by the Institute of Directors. The original article can be found here. Reporting requirements, impacts, and opportunities In January 2020, when the IoD published …

Ethical funds perform well through Covid economic crisis

Sat Oct. 24th 2020

When oil shares tanked during the Covid-19 pandemic cut, ethical fund managers who had excluded fossil fuels from their funds could have been forgiven for saying, “I told you so”. Around the world lockdowns cut household petrol consumption, and depressed economic activity combined with a near collapse in air travel resulted in less fossil fuel being burnt by industry. Oil company Chevron’s share price was US$120​ at the end of December. At the end of the following September, it was just US72​. BP shares went from £472​ to £226​.

Inside the Black Box of New Zealand Investment Funds

Sun Sept. 27th 2020

A recent report by Mindful Money, Inside the Black Box of New Zealand Investment Funds, shows there is $1.6 billion of KiwiSaver and retail investment funds invested in fossil fuel companies. At a time when the transition to a clean energy future is well underway, why would managers of KiwiSaver funds and retail investment funds still be heavily invested in fossil fuels? It is clearly not for financial reasons.

Seminar Series: Managing Climate Risk, Enhancing Climate Action

Tue Sept. 15th 2020

Mindful Money welcomes today’s announcement by the Minister for Climate Change requiring mandatory reporting on climate risks. This provides the basis for transparency and accountability for climate risks, impacts and action.

If you want a future, vote climate.

Sun Sept. 6th 2020

Despite the ongoing challenge of Covid-19, it is climate change that should be at the forefront of New Zealanders' minds when they go to vote, says Rod Oram

Behind the ball on the Environmental Social and Governance (ESG) front

Tue Sept. 1st 2020

The revolution sweeping the world of finance and investment stems primarily from the realisation that Environmental Social and Governance (ESG) factors affect the financial performance of companies.

Responsible Investing: Explained

Mon Aug. 31st 2020

Article written by InvestNow What is ‘Responsible Investing’? From a Fund Manager perspective, Responsible Investing is essentially a values-based approach to selecting the underlying investments within a managed fund; And from an Investor perspective, Responsible Investing is identifying and selecting managed funds that employ a responsible investing strategy; or selecting companies/shares that meet a responsible investing standard.

Why are billions still being invested in places Kiwis want to avoid?

Tue Aug. 25th 2020

Radio New Zealand's Kathryn Ryan talks to Barry Coates of Mindful Money, which has conducted new research into New Zealand's investment funds.

Fossil fuel share of KiwiSaver money drops as oil company shares tank

Wed Aug. 19th 2020

A drop of 23 per cent in the amount of KiwiSaver money invested in fossil fuel companies like BHP, Exxon Mobil, and Chevron in the 12 months (to end March) has been driven by a decimation of oil company share prices via the Covid-19 pandemic.

The Budget - Does It Deliver A Better Future?

Tue May 12th 2020

An early analysis of whether the Budget will put us on track towards a just and sustainable economy.

Mindful Money funds outperform the average

Thu April 9th 2020

Ethical investing shows better performance during COVID-19. Funds on the Mindful Money platform have outperformed the average.

What you need to know about the share market

Thu March 26th 2020

This will be a time to remember. We will recall suffering, loss and hardship but hopefully we will also have memories about how we came together to overcome this pandemic – caring for others and building community.

Is there greenwashing in your KiwiSaver?

Tue March 10th 2020

There has been huge growth in the number of people who want their KiwiSaver to be ‘green’ or ‘ethical’. Most fund providers claim to be responsible investors, but sadly, greenwashing is common. Mindful Money has the antidote. Transparency is the way to shine light on what’s really in your portfolio. You can see what companies you are invested in, across issues that you may be concerned about. Be prepared for some surprises when you type in the name of your fund in the Fund Checker on Mindful Money’s website!

NZ bans fossil fuels from default funds

Tue March 3rd 2020

Money Management Australia: The New Zealand government has decided fossil fuels will be banned from KiwiSaver funds in line with the desires of its citizens.

Default funds to go fossil free

Mon March 2nd 2020

The government has today taken the decision to require ethical standards for default KiwiSaver funds, including exclusion of fossil fuels. This protects the interests of those who do not make a specific choice of funds when they sign up to KiwiSaver. The government has a responsibility to ensure their money is not invested in fossil fuels and other companies that cause social and environmental harm.

Default KiwiSaver fossil fuel ban

Mon March 2nd 2020

Barry discusses the government announcement with Hayley Holt on TVNZ Breakfast

Govt tweaks KiwiSaver settings to put more money in investor accounts and excludes fossil fuels

Sun March 1st 2020

By Susan Edmonds, 1 March, 2020 The government has made KiwiSaver default funds required to be balance funds and not conservatively invested, this means more money invested in growth assets such as shares. While there may be more volatility for balances as a result, customers who do nothing should end up better off over the long term because growth assets outperform over time. It has also required default funds to exclude investment in fossil fuels.

How to tell an ethical KiwiSaver from a greenwashed one

Fri Feb. 7th 2020

83% of us expect our KiwiSaver to be invested responsibly. But if you've ever tried to find a good ethical fund, you'll know it's not as simple as it sounds. For one thing, everyone has different ethics. For another, companies report on different things in different ways, because there's no legal standard on how to report ethical issues.

Retirement commissioner rejects raising superannuation age

Tue Feb. 4th 2020

The Retirement Review has called for the government to increase resources at the office of the Retirement Commissioner, the Commission for Financial Capability (CFFC), and fund the financial research charity Mindful Money.

When will the business elite walk the talk?

Tue Feb. 4th 2020

The elite attendees at the Davos forum can talk a good talk on sustainability but, with other business leaders and investors, many are happy to leave actual change to others.

Is KiwiSaver still important in the age of lifelong renters

Tue Dec. 31st 2019

KiwiSaver can also be an easy way to stage a small-scale protest write Alice Webb-Liddall for the Spinoff, who found it surprising to learn that many KiwiSaver funds invest in areas like fossil fuels, weaponry and human rights abuses.

'One and done' attitude stalling women's advance in the boardroom

Tue Nov. 19th 2019

The New Zealand Census of Women on Boards, by Dr Judy McGregor, barrister Cat MacLennan and Sam Stubbs from the Simplicity KiwiSaver scheme, shows that the boards of the top 100 publicly listed companies are still overwhelmingly male and Pākehā.

Growing popularity of ethical and responsible investing

Wed Oct. 30th 2019

The growing popularity of ethical and responsible investing appears to be being felt in investment fund decisions and company behaviour.

Survey finds New Zealanders demanding ethical Kiwisaver investments

Wed Oct. 30th 2019

New Zealanders are prepared to switch KiwiFund providers if they find their investments don't match their values, a new survey has revealed.

Global investment funds driving increased fossil fuel investment

Tue Oct. 29th 2019

From Nine to Noon, Radio NZ 29 October 2019 Climate change awareness and action is on the rise, but to what extent are New Zealanders investing in one of the main drivers of climate change - the fossil fuel industry?

The KiwiSaver scheme 'controversy-rating' all its investments

Mon Oct. 28th 2019

By Rob Stock in Stuff 28 October 2019 CareSaver uses Sustainalytics to help it avoid companies investing in industries its investors wish to avoid, such as tobacco, factory farming, controversial as well as civilian weapons, fossil fuels, gambling, and animal-testing. But it’s also using the Dutch company to give companies a controversy rating.

Eight in 10 KiwiSavers expect no human rights abusers or tax-dodgers in their funds

Mon Oct. 28th 2019

The latest survey by Responsible Investment Association Australasia (RIAA) and Mindful Money shows 83 per cent of investors expect their KiwiSaver or other investments to be invested responsibly and ethically as a matter of course, and for the first time that included avoiding companies that didn't pay their fair share of tax.

Is your KiwiSaver fund fueling climate change?

Fri Oct. 25th 2019

By Tamsyn Parker in NZ Herald 25 October 2019 KiwiSaver funds have more than $500 million invested in the 20 biggest fossil fuel producers which have been linked to a third of all carbon emissions in the modern era, research has found.

KiwiSaver funds still have exposure to nuclear weapons industry

Thu Oct. 24th 2019

Investments in companies involved with nuclear weapons still feature in dozens of KiwiSaver funds. ANZ, ASB, AMP, BNZ, Kiwi Wealth and Westpac were among those with funds still tainted with exposure to the nuclear arms industry, despite a growing number of New Zealanders saying they don’t want their superannuation funds invested unethically.

KiwiSaver is changing to match Kiwis' moral values, but needs to go further

Wed Oct. 9th 2019

KiwiSaver fund providers still lag the government-run NZ Super Fund's ethical lead, and there's growing pressure on KiwiSaver providers to go further in cleaning up their funds.

Funds label system needed to avoid KiwiSaver 'greenwashing'

Mon Sept. 30th 2019

The taxpayer-funded Commission for Financial Capability finds KiwiSaver funds’ claims to be socially and environmentally responsible are not clearly matched by their documentation.

Women are more likely to invest responsibly

Sun Sept. 29th 2019

Rob Stock looks at research by the Responsible Investment Association Australasia (RIAA) finding more women than men expect their KiwiSaver funds to be invested responsibly and ethically regardless of whether they were in a fund that was badged as socially responsible.

Mary Holm's Q&A NZ Herald Column

Sat Sept. 21st 2019

Finance guru Mary Holm tells a reader how Mindful Money can help find out what’s in their current KiwiSaver fund as well as how to find one that fits their values.

Baby Boomers just as interested in ethical investing as Millennials

Fri Sept. 20th 2019

An article in Stuff looks at how older New Zealanders (aged over 50) are more likely than average to expect their investments to be made responsibly and ethically by fund and KiwiSaver managers. They also say they’re more likely to choose the KiwiSaver provider they perceive is best on sustainability.

Taking a more ethical stand with your Kiwisaver

Tue Sept. 17th 2019

Alice Webb-Liddell in the Spinoff looks at how increasing the transparency in our investment funds will make ethical investing easier. And not only is it increasingly possible to invest ethically, it is likely to be more profitable.

RNZ Radio 5 Sept 2019 | Mary Holm

Thu Sept. 5th 2019

Finance guru Mary Holm talks to Jesse Mulligan about Mindful Money's conference and website, and how to make sure your KiwiSaver is invested responsibly.

RNZ Radio 27 June 2019 | Mary Holm

Thu June 27th 2019

Finance guru Mary Holm talks to Jesse Mulligan about new developments in ethical investing, including Mindful Money's new website.

Kiwisaver: Are you investing in guns?

Mon March 25th 2019

Following the terror attack in Christchurch, people have focused on the role of weapons in our society. An article in Stuff today looks at Kiwisaver investment funds and states that out of the 254 funds on the market, just 16 are weapons free.

How to go weapons-free in your KiwiSaver portfolio

Sun March 24th 2019

An article in Stuff today looks at the prevalence of weapons in KiwiSaver funds. The large majority of KiwiSavers wanted gun-free KiwiSaver schemes even before the shootings in Christchurch, but providers have not responded.

Use your Money for Good: news round-up

Sun Dec. 16th 2018

An update on some of the latest news on responsible investment: Climate talks in Poland, the government's Green Investment Fund, and Pure Advantage's roadmap for impact investing.

A return to values

Mon Oct. 22nd 2018

Investors are looking to align their investments with their values, writes Tom McKinlay in the Otago Daily Times.

Ethical (or responsible) investings

Thu Sept. 20th 2018

Finance guru Mary Holm talks about ethical investment and Mindful Money's survey.

New KiwiSaver tool to help investors avoid animal cruelty, gambling and porn

Tue Sept. 18th 2018

Investors who want to avoid having their money in gambling, pornography or companies involved in animal cruelty or human rights abuse will be able to match their values to a KIwiSaver fund under a new online tool, writes Tamsyn Parker in the Herald.