“The changes to default Kiwisaver standards reflect the power of citizens coming together to demand climate action. New Zealanders do not want their savings associated with the fossil fuel industry that is most responsible for emissions causing the climate crisis,” said Erica Finnie, Executive Director of 350 Aotearoa.
350 Aotearoa support changing the default KiwiSaver settings to require mandatory exclusions of certain industries, in particular the exclusion of the fossil fuel industry. We urge the government to implement a robust criteria for ‘responsible investment’, which utilises negative-screening through sector exclusion policies.
We’re excited to share with you that one of our board members, Barry Coates, is launching Mindful Money. Mindful Money is a new ethical investment platform that empowers anyone with a KiwiSaver account to divest their savings from fossil fuels. It’s free, quick and easy to switch your KiwiSaver to a fossil free fund.