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Understanding BNZ’s responsible investing

Investing our customers’ money responsibly is one of our core commitments to you. We believe that investing responsibly is in the best long-term interests of our investors.

BNZ’s responsible investment policy pdf 78Kb incorporates Environmental, Social and Governance (ESG) factors into how we develop and manage our investment options. Our responsible investment policy helps ensure the investment decisions we make reflect the changing attitudes of our investors and society.

What we don’t invest in ^

Our policy currently excludes investments in companies that:

Oil and gas

  •  generate more than 20% of their revenue from oil and gas projects within the Arctic or Antarctic or from tar sands oil extraction.

Thermal coal

  • generate more than 20% of their revenue from the extraction or burning of thermal coal.

Tobacco

  • manufacture tobacco or tobacco products.

Whaling

  • hunt whales for commercial purposes, or process whale meat.

Controversial weapons

  • produce or develop cluster munitions and anti-personnel mines
  • manufacture or test nuclear weapons
  • manage facilities used to assemble or refurbish nuclear weapons and manufacture delivery systems for nuclear weapons
  • manufacture assault weapons for civilian use.

We expect our investment managers to engage with companies on ESG matters.

Our managers

We use the expertise of experienced global and domestic investment managers to manage our investments solutions. BNZ Investment Services Limited is a signatory to the Principles for Responsible Investment, as are all of our managers. When we are appointing or reviewing managers we consider whether they have incorporated ESG considerations into their investment process.

Asset class Investment managers
Cash and cash equivalents Nikko Asset Management
New Zealand fixed interest

AMP Investment Management
Harbour Asset Management

International fixed interest

Vanguard Investments (BNZ KiwiSaver Scheme, YouWealth)
Russell Investments (Private Wealth Series)

Australasian equities

Mint Asset Management
Nikko Asset Management
Castle Point Funds Management

International equities

Vanguard Investments (BNZ KiwiSaver Scheme, YouWealth)
MLC Investments (Private Wealth Series)

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