Investment avoidance not good enough says Pathfinder
In what is understood to be a first for KiwiSaver management firms, Pathfinder KiwiSaver has released a detailed Sustainability Report that shows investors how and why it makes sure its investments hit ESG (Environmental, Social and Governance) targets and is encouraging other managers to step up disclosure around how they invest ethically or responsibly.
"Promises of no fossil fuels, renewable energy investment and emission reductions need to be matched with easy-to-understand reporting," says Pathfinder chief executive John Berry.
“KiwiSaver managers disclose financial returns from their investments. Now KiwiSaver managers, especially those claiming ethical or responsible credentials, need to also disclose non-financial metrics.”
Berry says good ethics are critical to financial success and investors and investment companies all have a role to play to "...help fund the lasting transformation to a more ethical world".
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