News & Updates
Judging of the Mindful Money Awards
Fri June 10th 2022
Simply the best
The aim of the Mindful Money’s Ethical Investment Awards was to select the best funds or practitioners in each of the seven categories. This is important, not only as a way to celebrate and reward the leaders, but also to highlight best practice in funds management, financial advice and media reporting. Best practice standards are particularly valuable in a sector where there are too many unsubstantiated claims and confusion over what is really ethical, responsible and sustainable.
These awards have generated excitement and significance because of the integrity of the awards and the experienced judges involved. This has been built on two strong foundations – a robust judging process and excellent judges.
There were 53 entries into the eight categories for the awards. The entries were screened for completeness and provided to judges, together with the supporting documentation. The judges also received background materials including the entry criteria, best practice guidelines and relevant research.
The decision was taken early on to include a mix of quantitative data and descriptive materials, recognising that many of the most important aspects of ethical practice are not able to be reduced to a single number. Standards questions were asked of all entrants, with an invitation to submit supporting evidence.
The judges were drawn from across New Zealand, and so they met online. A facilitator in each category provided a framework for discussing the strengths and weaknesses of all the applications and then ranking them according to their achievement of best practice against to the criteria.
In the meetings there was an emphasis on using the judges’ experience and judgement, not just their initial scores, with active listening and engagement to reach a common position. After robust discussion and debate, consensus was achieved in all judging categories.
Mindful Money’s CEO, Barry Coates, consulted widely across the finance sector to find judges who met the criteria of experience and skills; independence and avoidance of any conflict of interest in the category; and willingness to donate their time and expertise on a voluntary basis. With very few exceptions, all of those who were approached generously agreed to participate as judges.
Mindful Money is hugely grateful to the following judges. It is their integrity, insights and experience that have made these awards so robust.