The Christian KiwiSaver Scheme, a fund established in 2007 aligning investments with Christian values, has demonstrated that ethical investments can produce positive returns. Formerly known as Koinonia, reflecting a biblical sense of fellowship, the scheme rebranded in 2018 and has cemented its distinct position in the market. Managed by The New Zealand Anglican Church Pension Read more
This year’s stock market downturn has made people squint a little closer at how to invest their money. One key question: If I try to invest ethically, am I shortchanging myself when a crunch comes? Believe it or not, investing for profit can be considered a Catholic virtue. The U.S. Conference of Catholic Bishops makes Read more
Just because investors are promised “ethical investments” doesn’t mean they’ll have them. It seems many are being misled by fund managers who are doing just the opposite, Mindful Money research has found. The not-for-profit group researches investment providers and helps consumers understand where their money is being invested. It has just completed a study of Read more
Investors should remove their support from companies not committed to the environment, says Pope Francis. On Saturday he added his voice to calls from a number of world leaders for an more environmentally sustainable economic model. Speaking in a video message for an online event called “Countdown Global Launch, A Call to Action on Climate Read more
Although there is an improving trend in ethical investment, $4.1 billion of KiwiSaver funds is still invested in companies that the public wants to avoid and $2.3 billion of retail investment funds. This is one of the findings revealed in the most recent annual surveys undertaken jointly by Mindful Money and the Responsible Investment Association Read more
Investments in companies involved with nuclear weapons still feature in dozens of KiwiSaver funds, research by ethical investment group Mindful Money says The KiwiSaver schemes of ANZ, ASB, AMP, BNZ, Kiwi Wealth and Westpac were among those with funds still tainted with exposure to nuclear weapons despite a public outcry in 2016 following. Continue reading
Mindful Money, a new charitable social enterprise helping people to invest ethically, was launched last week in New Zealand. The launch took place at a Go Live event in Auckland. Mindful Money, a free service, provides members of the public with a platform to check what is in their current KiwiSaver investments and to easily Read more
Despite Pope Francis’s call for urgent action on climate change, many US Catholic dioceses and organisations retain major investments in energy companies. A Reuters’ investigation has shown some of the largest American Catholic organisations have millions of dollars invested in the energy sector. Investments range from hydraulic fracturing firms to oil sands producers. Dioceses with Read more
Poor coal. It seems like everyone is running for the door these days when it comes to investing in this dirty fossil fuel. The country of Norway and the city of Seattle are moving to divest their funds from coal. Religious organizations like the United Church of Christ, the Church of England, and universities like Read more
On Thursday last week, the Anglican Church of Aotearoa, New Zealand and Polynesia unanimously passed a resolution to take all reasonable steps to divest shares in fossil fuel companies by mid-2016. Rod Oram, who moved the proposal, told synod that it “gives us the opportunity to offer leadership on, and to make a practical response Read more