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
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:
- Booster Socially Responsible Investment Balanced Fund
- Booster Socially Responsible Investment High Growth Fund
- Booster Socially Responsible Investment Moderate Fund
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
- AMP Capital Ethical Investment Leaders Global Shares Fund
- AMP Capital Ethical Investment Leaders NZ Shares Fund
- AMP Capital Ethical Investment Leaders Balanced Fund
- AMP Capital Ethical Investment Leaders Conservative Fund
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:
- Booster Socially Responsible Investment Balanced Fund
- Booster Socially Responsible Investment High Growth Fund
- Booster Socially Responsible Investment Moderate Fund
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:
- Simplicity Balanced Investment Fund
- Simplicity Conservative Investment Fund
- Simplicity Growth Investment Fund
- Simplicity NZ Bond Fund
- Simplicity NZ Share Fund
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.
