Mixed sustainability report card for NZ
New Zealand has received mixed scores in the latest Morningstar Sustainability Atlas.
Monday, April 23rd 2018, 9:30AM
Released ahead of Earth Day, it shows while the Nordic and eurozone markets were leaders in company-level sustainability, emerging markets such as Colombia, Taiwan, Hungary, and Turkey are standouts.
The examines the sustainability profiles of 46 equity markets based on the constituents of their Morningstar country indexes.
New Zealand lacked consistency in its scores, with both strong and weak points around the range of sustainability factors.
New Zealand received a positive score in the area of controversy, which indicates a low level likelihood of an incident that could impact on the environment or society and pose a risk to the company involved.
It scored poorly in environmental factors - sitting alongside other developed markets such as Singapore, Hong Kong, Canada and Ireland - and was particularly weak around Social criteria. The score for governance sat in the middle of the pack, meaning there was room for improvement around issues such as corruption, board independence and business ethics.
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