How to make sure your investments aren't harming people, animals, or the planet with Mindful Money's guidance
We have done the research so you don't have to. Twice a year we analyse all funds available in New Zealand for investments in the following areas.
Do you know where your money is currently being invested? It’s important to know which companies you are funding, and what those companies do.
It’s easy to find out, all you will need to know is:
Try it – you’ll be surprised!
We have created a simple checker that can be used to find out what you are currently investing in.
There are five Mindful Money Badges available: Climate Friendly, Animal Cruelty Free, Weapons Free, Social Harm Free, Human Rights Violations Free.
The criteria for the badges aim to ensure that badges provide a positive choice for the public, to avoid companies of concern. In order to qualify for a badge, a fund must have less than 0.01% invested in companies of concern for that issue of concern, and its investment universe must include potential investment in companies of concern. For example, no badges are issued for New Zealand or Australian investments in weapons because there are no weapons producers in the NZX50 or ASX200. Weapons badges are only available for global funds.
In order to qualify for the Climate Friendly badge, a fund must have less than 0.01% invested in any company producing coal, oil or gas, or the company must be making the transition to renewable energy on a 1.5 degree pathway.
There are a series of checks to ensure that a fund’s investment orientation enables the fund to invest in companies of concern in the category for a badge. Firstly, at least 35% of the fund must be invested in equities or corporate bonds. Secondly, investment orientation may be defined by geography, NZ/AUS exchange or sector. For example:
Thirdly, if we have been unable to source at least 95% of the portfolio holdings for a fund, due to investments in third party funds not being made available by the fund provider, it will not be eligible for any badges.
Fund providers choose whether they will take a badge that is offered. Mindful Money is a charity and those taking badges make a contribution towards Mindful Money’s marketing, research and website costs.