How To Find a Fossil Free Fund

Free your funds from fossil fuels

Mindful Money's calculations show that $1.52 billion of KiwiSaver money and $1.28 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 funds below all have a fossil free policy. Note: Our research has found that not all of these funds are entirely free from fossil fuels yet - some have a few companies in their indirect holdings and are working to divest completely.

KiwiSaver Funds with a Fossil Fuel Free Policy

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

BNZ:

  • BNZ KiwiSaver Balanced Fund
  • BNZ KiwiSaver Cash Fund
  • BNZ KiwiSaver Conservative Fund
  • BNZ KiwiSaver First Home Buyer Fund
  • BNZ KiwiSaver Growth Fund
  • BNZ KiwiSaver Moderate Fund

Booster:

InvestNow:

  • AMP Capital Ethical Leaders Balanced Fund
  • Hunter Global Fixed Interest Fund
  • Mint Australasian Equity fund
  • Mint Diversified Growth Fund
  • Diversified Income Fund

Medical Assurance Society:

  • MAS Aggressive Fund
  • MAS Balanced Fund
  • MAS Cash Fund
  • MAS Conservative Fund
  • MAS Global Equities Fund
  • MAS Growth Fund
  • MAS Moderate Fund

NZ Funds:

  • NZ Funds Growth Strategy
  • NZ Funds Income Strategy
  • NZ Funds Inflation Strategy
  • NZ Funds Lifecycle Process - Age 0-54
  • NZ Funds Lifecycle Process - Age 65
  • NZ Funds Lifecycle Process - Age 75

Pathfinder:

QuayStreet:

Simplicity:

SuperLife:

Westpac:

  • Westpac Balanced Fund
  • Westpac Cash Fund
  • Westpac Conservative Fund
  • Westpac Default Fund
  • Westpac Growth Fund
  • Westpac Moderate Fund

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 a Fossil Fuel Free Policy

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

AMP Capital:

    BNZ:

    • BNZ Private Wealth Series Cash Fund
    • BNZ Private Wealth Series New Zealand Fixed Interest Fund
    • BNZ Private Wealth Series International Fixed Interest Fund
    • BNZ Private Wealth Series Australasian Equity Fund
    • BNZ Private Wealth Series International Equity Fund
    • BNZ YouWealth Moderate Fund
    • BNZ YouWealth Income Fund
    • BNZ YouWealth Balanced Fund
    • BNZ YouWealth Balanced Growth Fund
    • BNZ YouWealth Growth Fund

    Booster:

    Devon:

    Hunter:

    • Hunter Balanced Fund
    • Hunter Global Fixed Interest Fund
    • Hunter Growth Fund

    Medical Assurance Society:

    • MAS Aggressive Fund
    • MAS Balanced Fund
    • MAS Cash Fund
    • MAS Conservative Fund
    • MAS Global Equities Fund
    • MAS Growth Fund
    • MAS Moderate Fund

    Mint:

    NZ Funds:

    • NZ Funds Core Cash Portfolio
    • NZ Funds Core Income Portfolio
    • NZ Funds Global Income Portfolio
    • 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 - Income Strategy
    • NZ Funds Wealthbuilder - Inflation Strategy
    • NZ Funds Wealthbuilder - Growth Strategy
    • NZ Funds Wealthbuilder Lifecycle - Age 0-54
    • NZ Funds Wealthbuilder Lifecycle - Age 65
    • NZ Funds Wealthbuilder Lifecycle - Age 75

    Pathfinder:

    QuayStreet:

    Simplicity:

    SuperLife:

    Westpac:

    • Westpac Enhanced Cash Fund
    • Westpac Corporate Bond Fund
    • Westpac International Diversified Bond Fund
    • Westpac Australasian Diversified Share Fund
    • Westpac International Diversified Share Fund
    • Westpac Property Fund
    • Westpac Conservative Trust
    • Westpac Moderate Trust
    • Westpac Balanced Trust
    • Westpac Growth Trust

    Whai Rawa:

    • Whai Rawa Balanced Fund
    • Whai Rawa Conservative Fund
    • Whai Rawa Growth Fund

    Invest in 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 April 2020, $14 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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