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KiwiSaver investments in harmful companies reach record high 

Author
Newstalk ZB,
Publish Date
Thu, 31 Aug 2023, 8:48am
Photo / NZ Herald
Photo / NZ Herald

KiwiSaver investments in harmful companies reach record high 

Author
Newstalk ZB,
Publish Date
Thu, 31 Aug 2023, 8:48am

KiwiSaver investments in companies that cause social and environmental harm have reached a record high. 

Charity Mindful Money has found 8.9 percent of KiwiSaver funds go into companies the public generally want to avoid. 

Mindful Money Chief Executive, Barry Coates, told Kate Hawkesby climate change is a major concern, but investment in fossil fuels by KiwiSaver is at a record high. 

He says they're worried about climate change, animal cruelty, and human rights. 

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