Responsible investing

Managing your wealth with a focus on long-term sustainable investments.

Working together to invest responsibly

Harbour Asset Management Limited (Harbour)^ manages the investment products available through BNZ, including:

  • the BNZ KiwiSaver Scheme
  • YouWealth
  • Private Wealth Series. 

BNZ works with Harbour to make sure these products help customers to achieve their investment goals. Harbour integrates environmental, social, and governance (ESG) factors into investment decisions with the goal of driving sustainable, long-term returns.

Responsible investing leadership

Harbour was recognised as a Responsible Investment Leader 2026 by the Responsible Investment Association Australasia (RIAA).

Harbour is also a founding signatory to the Aotearoa New Zealand Stewardship Code and has been a signatory to the Principles for Responsible Investment (PRI) since 2010, reflecting a long-standing commitment to responsible investing.

How Harbour invests

The Harbour ESG Policy describes the guiding principles for how Harbour invests responsibly. It covers: 

  • ESG factors in investment decision making
  • investment exclusions
  • other sustainability considerations.

Harbour engages on ESG matters with companies they invest in and expects any underlying investment managers they appoint to do the same. Supporting companies to manage ESG factors can create positive change and promote sustainable business outcomes.

Visit Harbour’s website to view the Harbour ESG Policy

Harbour’s approach to harmful activities

Harbour doesn’t invest in companies involved in or profiting from certain harmful activities.^ This is a summary of what activities are excluded from investment. For detailed exclusion criteria for each category, please refer to Harbour’s website for the Harbour ESG Policy.

Fossil fuels

Companies are excluded if they:

  • mine, process, or market thermal coal as their primary business
  • are engaged in the exploration and production of oil and gas as their primary business
  • own proved or probable reserves in coal, oil, or gas and derive at least 15% of their revenue from exploration and extraction of coal, oil, or gas.

Gambling

Companies are excluded if they generate more than 10% of their revenue from:

  • owning or operating gambling establishments, including online gambling
  • manufacturing or importing specialised equipment used exclusively for gambling, or supporting gambling products and services.

Tobacco

Companies are excluded if they:

  • are involved in the manufacture of tobacco, tobacco products, or vaping products
  • generate more than 10% of their revenue from specialised tobacco or vaping products wholesaling and retailing.   
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