KiwiSaver ditched most tobacco companies in 2017, but there's still a lot of 'sin stocks' in KiwiSaver funds. Since then KiwiSaver providers have accepted they must invest to reflect the moral consensus of their 3 million investors. A proliferation of socially-responsible funds, and the launch of the first KiwiSaver "impact" funds by ASB, has now laid to rest the long-held belief that demand is weak for clean, green KiwiSaver funds. SUPPLIED Animal welfare and factory farming threatens to be the next big "exclusion" the public demands of KiwiSaver providers. "There had been successive attempts to set up niche socially responsible investment funds, but they languished," said Coates.

Source: Stuff October 08, 2019 22:07 UTC