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Our approach to responsible investing

We're committed to responsible investing. Environmental,
social and governance (ESG) issues are considered by our
in-house investment management team when making
decisions about investments.

We’re part of the United Nations Principles for Responsible Investment framework.

In 2020 Kiwi Wealth became a signatory to the United Nations-backed Principles for Responsible Investment framework to demonstrate our commitment to responsible investing. Find out why that’s important and what that means.

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Our commitment to responsible investment

Globe with leaf

Applies to everything
we do 

We identify opportunities and vote for positive change on ESG issues in organisations we invest in. And, none of our funds have direct or indirect holdings in companies producing tobacco or controversial weapons. We not only exclude companies based on what they produce, we also exclude based on their behaviour and impact on people and the environment.

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Performance is always
a priority

The investment approach we've taken provides greater opportunity to generate better market returns. Our responsible investment decisions reflect good long-term business sense. Investors can feel good about doing the “right thing” without compromising potential returns.

World location

We’re in control of
where we invest

Our New Zealand-based global investment management team has control over which industries and companies our funds are invested in. Decisions about what is or isn't invested in is in our control, guided by our Responsible Investment Policy.

How we apply our Investment Policy

Our Responsible Investment Policy sets out how we will incorporate responsible investing principles and practices into our investment decisions. This includes decisions to invest in securities and decisions to appoint investment managers.

We do our research

We subscribe to MSCI ESG Research and ISS Governance who provide us with in-depth research, ratings and analysis of the impact on the environment, social issues (like work conditions for employees) and governance-related business practices of thousands of companies worldwide. Their research provides us with critical insights that help us identify ESG risks and opportunities that traditional investment research may overlook.

Influencing positive change where we invest

Using the collective power of our investors we can use proxy voting to influence positive change on ESG issues in organisations we invest in. Through world class research provided by ISS we identify opportunities and, where relevant vote for change as a Socially Responsible Investor. Longer term, these votes make good business sense.

 

For exclusions we focus on:

See our exclusions

1. Zero tolerance exclusions

Companies which are involved in any of the following product areas will be excluded for both direct and indirect investment:

Tobacco - We exclude any company involved with tobacco production or where tobacco is the primary industry.

Controversial and nuclear weapons – This category covers weapons such as cluster bombs, landmines, depleted uranium weapons, chemical and biological weapons, nuclear weapons. We exclude any company involved in the manufacture and production of controversial and nuclear weapons.

Whaling and whale meat processing – We exclude any company involved in the hunting of whales and the processing of whale meat.

2. ESG exclusions

Companies which fall into this category exhibit highly objectionable behaviour, particularly in the context of:

  • Abuse of the environment
  • Human rights abuses
  • Endemic illegal activities, whether by New Zealand or local law.

These companies will be excluded from directly managed investments only, including where such investments may be made by another investment manager under an Investment Management Agreement.

3. Areas of sensitivity

The following industries are considered areas of sensitivity, due to their greater propensity to victimise people and/or the environment. Companies in these areas that are identified as performing poorly in key areas most likely to cause such victimisation will be excluded for direct investment only:

  • Defence equipment - Companies producing and supplying defence equipment should have sufficient control against bribery and corruption, including improperly supplying such equipment to sanctioned countries.
  • Gambling services - Companies providing gambling services should mitigate the social impact of gambling addiction by implementing a suitable responsible gaming policy.
  • Thermal coal - Companies using thermal coal to generate electricity should demonstrate sufficient commitment to transition to renewable generation.
  • Nuclear power - Companies using nuclear reactors to generate electricity should demonstrate sufficient commitment to transition to renewable generation.
  • Palm oil - Companies producing or distributing palm oil should demonstrate sufficient commitment to preventing deforestation through observing RSPO and source tracing standards.

We also use the New Zealand Superannuation Fund exclusions list to help us identify companies for our exclusion list.

See our exclusions.

RIAA-website

All our funds in our KiwiSaver Scheme and Managed Funds are all responsibly invested

All of the funds in the Kiwi Wealth KiwiSaver Scheme and Kiwi Wealth Managed Funds are certified by the Responsible Investment Association Australasia (RIAA)*. We’ve chosen RIAA to certify our KiwiSaver Scheme and Managed Funds as RIAA’s Responsible Investment Certification Program is the leading initiative for distinguishing quality, responsible investment products and services in Australia and New Zealand.


Being certified by RIAA means that investors have confidence that Kiwi Wealth has implemented an investment style and processes that systematically consider environmental, social, governance or ethical considerations and that Kiwi Wealth has met the strict operational and disclosure practices required by the Responsible Investment Standard.

You can find out more about RIAA and the responsible investment certification process here.

 

Who we invest in

Transparency is a core value of Kiwi Wealth, here is what we invest in for each of the funds available in the Kiwi Wealth KiwiSaver Scheme and Kiwi Wealth Managed Funds :

Kiwi Wealth KiwiSaver Scheme Full Portfolio Holdings

Cash Fund

Full portfolio holdings - Cash - 30 June 2021 (PDF, 127KB)
Full portfolio holdings - Cash - 31 March 2021 (PDF, 132KB)
Full portfolio holdings - Cash - 31 December 2020 (PDF, 127KB)
Full portfolio holdings - Cash - 30 September 2020 (PDF, 127KB)
Full portfolio holdings - Cash - 30 June 2020 (PDF, 128KB)
Full portfolio holdings - Cash - 31 March 2020 (PDF, 126KB)
Full portfolio holdings - Cash - 31 December 2019 (PDF, 447KB)
Full portfolio holdings - Cash - 30 September 2019 (PDF, 438KB)
Full portfolio holdings - Cash - 30 June 2019 (PDF, 432KB)
Full portfolio holdings - Cash - 31 March 2019 (PDF, 436KB)

CashPlus Fund

Full portfolio holdings - CashPlus - 30 June 2021 (PDF, 196KB)
Full portfolio holdings - CashPlus - 31 March 2021 (PDF, 202 KB)
Full portfolio holdings - CashPlus - 31 December 2020 (PDF, 198KB)
Full portfolio holdings - CashPlus - 30 September 2020 (PDF, 194KB)
Full portfolio holdings - CashPlus - 30 June 2020 (PDF, 194KB)

Full portfolio holdings - CashPlus - 31 March 2020 (PDF, 193KB)
Full portfolio holdings - CashPlus - 31 December 2019 (PDF, 508KB)
Full portfolio holdings - CashPlus - 30 September 2019 (PDF, 496KB)
Full portfolio holdings - CashPlus - 30 June 2019 (PDF, 432KB)
Full portfolio holdings - CashPlus - 31 March 2019 (PDF, 549KB)

Balanced Fund

Full portfolio holdings - Balanced - 30 June 2021 (PDF, 648KB)
Full portfolio holdings - Balanced - 31 March 2021 (PDF, 617KB) 
Full portfolio holdings - Balanced - 31 December 2020 (PDF 623KB)

Full portfolio holdings - Balanced - 30 September 2020 (PDF 622KB)
Full portfolio holdings - Balanced - 30 June 2020 (PDF, 603KB)

Full portfolio holdings - Balanced - 31 March 2020 (PDF, 584KB)
Full portfolio holdings - Balanced - 31 December 2019 (PDF, 827KB)
Full portfolio holdings - Balanced - 30 September 2019 (PDF, 817KB)
Full portfolio holdings - Balanced - 30 June 2019 (PDF, 432KB)
Full portfolio holdings - Balanced - 31 March 2019 (PDF, 895KB)

Default Fund

Full portfolio holdings - Default - 30 June 2021 (PDF, 578KB)
Full portfolio holdings - Default - 31 March 2021 (PDF, 563KB)
Full portfolio holdings - Default - 31 December 2020 (PDF, 564KB)

Full portfolio holdings - Default - 30 September 2020 (PDF, 567KB)
Full portfolio holdings - Default - 30 June 2020 (PDF, 565KB)
Full portfolio holdings - Default - 31 March 2020 (PDF, 533KB)
Full portfolio holdings - Default - 31 December 2019 (PDF, 829KB)
Full portfolio holdings - Default - 30 September 2019 (PDF, 806KB)
Full portfolio holdings - Default- 30 June 2019 (PDF, 432KB)
Full portfolio holdings - Default - 31 March 2019 (PDF, 640KB)

Conservative Fund

Full portfolio holdings - Conservative - 30 June 2021 (PDF, 647KB)
Full portfolio holdings - Conservative - 31 March 2021 (PDF, 615KB)
Full portfolio holdings - Conservative - 31 December 2020 (PDF 622KB)

Full portfolio holdings - Conservative - 30 September 2020 (PDF 621KB)
Full portfolio holdings - Conservative - 30 June 2020 (PDF, 604KB)
Full portfolio holdings - Conservative - 31 March 2020 (PDF, 583KB)
Full portfolio holdings - Conservative - 31 December 2019 (PDF, 829KB)
Full portfolio holdings - Conservative - 30 September 2019 (PDF, 816KB)
Full portfolio holdings - Conservative - 30 June 2019 (PDF, 432KB)
Full portfolio holdings - Conservative - 31 March 2019 (PDF, 897KB)

Growth Fund

Full portfolio holdings - Growth - 30 June 2021 (PDF, 644KB)
Full portfolio holdings - Growth - 31 March 2021 (PDF, 616KB)
Full portfolio holdings - Growth - 31 December 2020 (PDF, 623KB)

Full portfolio holdings - Growth - 30 September 2020 (PDF, 619KB)
Full portfolio holdings - Growth - 30 June 2020 (PDF, 623KB)
Full portfolio holdings - Growth - 31 March 2020 (PDF, 584KB)
Full portfolio holdings - Growth - 31 December 2019 (PDF, 830KB)
Full portfolio holdings - Growth - 30 September 2019 (PDF, 831KB)
Full portfolio holdings - Growth - 30 June 2019 (PDF, 432KB)
Full portfolio holdings - Growth - 31 March 2019 (PDF, 652KB)

Kiwi Wealth Managed Funds Full Portfolio Holdings

Here's what our members think about responsible investing

75%

of respondents would be more likely to choose an investment provider that is certified by an independent body as a ‘Responsible Investor’.

86%

of respondents expect their KiwiSaver money and other investments to be responsibly invested.

77%

of respondents said it was more important for Kiwi Wealth to make responsible investment decisions, rather than focus solely on maximising returns.

72%

of respondents would consider moving their KiwiSaver account to another provider if their provider was not investing consistently with their values.

Source: Kiwi Wealth Responsible Investment Member Survey, March 2021

*RIAA’s Certification Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations. The Symbol also signifies that the funds available in the Kiwi Wealth KiwiSaver Scheme and Kiwi Wealth Managed Funds adhere to the strict operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product. The Certification Symbol is a Registered Trademark of the Responsible Investment Association Australasia (RIAA). Detailed information about RIAA, the Symbol and the Kiwi Wealth KiwiSaver Scheme and Kiwi Wealth Managed Funds’ methodology can be found at www.responsiblereturns.com.au, together with details about other responsible investment products certified by RIAA. The certification by RIAA expires on 16 March 2023. Kiwi Wealth currently intends to reapply for certification prior to the expiry date.

The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.

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