Sin Free Investing
Choose a KiwiSaver Fund Based on Values
Most New Zealanders don’t want their KiwiSaver fund to make money from companies that cause harm and suffering. 84% want to avoid tobacco, 82% gambling, 75% pornography and 63% alcohol. Yet over $700 million of KiwiSaver money is invested in companies making profits in these areas.
Values-driven investing isn’t new. The Quakers and other religious groups have avoided investments in immoral sectors and companies for hundreds of years. In the 1980s, the movement broadened as ethically-minded investors started excluding ‘sin stocks’ or goods from countries with questionable political regimes (e.g. during South Africa’s apartheid period).
Now you can choose a KiwiSaver fund that avoids companies making profits from tobacco, gambling, pornography and alcohol.