How To Find a Fossil Fuel Free Fund

The transition to zero emissions will require a massive shift from fossil fuels to clean energy. Investors can avoid fossil fuel companies and instead choose to invest in fossil free KiwiSaver and investment funds.

Free your funds from fossil fuels

Mindful Money's calculations show that $1.15 billion of KiwiSaver money and $1.3 billion of other NZ retail investment funds is invested in companies that are involved in fossil fuel extraction and production (analysis of March 2021 data). If you don’t want your money to be part of it, switch to one of the funds listed below and join the global divestment movement.

Climate change stems from a serious economic failure to live within our ecological boundaries, and economic solutions are needed to regain a stable climate. Finance is central to those changes. Money fuels the economy, so the challenge is to direct the flows of funds to businesses that will reduce emissions and invest in adapting to a far more volatile climate.

It’s not only a sound moral decision to help stop greenhouse gas emissions to avoid climate catastrophe, but a sound financial decision – up to 80% of fossil fuel reserves are at risk from becoming stranded assets, with little value as fossil fuels are phased out.  Authoritative research shows that divestment from fossil fuels in recent decades has not resulted in lower returns and we have recently shown the evidence of a huge financial loss experienced by investors in the coal, oil and gas sectors. 

Going fossil free is good for your returns and good for the future of our planet. And it's easy!

The following is a list of those funds that have a policy to avoid investing in fossil fuel producers, and have fully excluded them from their portfolio (Mindful Money measures the level of investment down to 0.01% of the portfolio).

Funds that can show they have no investment in fossil fuels can now use our new fossil fuel free badge. Look for the badge above to be certain of who is putting their money where their mouth is.

  • Mindful Funds are the ones with This is a Mindful fund

Fund with Fossil Fuel Free Badges

KiwiSaver funds:

Investment funds:


KiwiSaver Funds with Fossil Free policy and portfolio

AMP:

  • AMP Australasian Shares Fund
  • AMP International Shares Fund
  • AMP International Shares Fund No. 2

Booster:

Mint via InvestNow:

  • InvestNow Mint Australasian Equity fund
  • InvestNow Mint Diversified Growth Fund

NZ Funds:

  • NZ Funds Growth Strategy
  • NZ Funds Balanced Fund
  • NZ Funds Inflation Strategy

Switch to one of the funds listed above or use the Fund Finder to find a KiwiSaver fund that matches your criteria.

Investment Funds with Fossil Free policy and portfolio

AMP:

    • AMP International Shares Fund
    • AMP Australasian Shares Fund

    Booster:

    Mint:

    NZ Funds:

    • NZ Funds Core Inflation Portfolio
    • NZ Funds Equity Inflation Portfolio
    • NZ Funds Property Inflation Portfolio
    • NZ Funds Core Growth Portfolio
    • NZ Funds Global Equity Growth Portfolio
    • NZ Funds Dividend And Growth Portfolio
    • NZ Funds Wealthbuilder - Inflation Strategy
    • NZ Funds Wealthbuilder - Growth Strategy
    • NZ Funds Income Generator

    Pathfinder:

    Simplicity:

    Trust Management:

    • Trust Management ESG Sustainable Australasian Share fund

    Switch to one of the funds listed above or use the Fund Finder to find an investment fund that matches your criteria.

    The Global Divestment Campaign

    The global divestment campaign has seen institutions (such as Auckland and Dunedin Councils; Otago, Victoria and Auckland Universities; the Anglican Church), countries (like Ireland) and investment funds go “fossil free”. As at end 2021, $40 trillion of investment funds had been divested worldwide. The campaign is not only de-legitimising the fossil fuel industry, it is speeding up the phase out of coal and oil and gas. You can join the NZ campaign for institutions to divest through our partner organisation, 350 Aotearoa.

    For more background, visit the our blogs Myths about Divestment, Who caused Climate Change and Financing Zero.

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