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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 57Kb excludes companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products.

We incorporate Environmental, Social and Governance (ESG) factors into how we develop and manage our investment options. BNZ’s 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 involved in:

  • the production and development of cluster munitions and anti-personnel mines
  • the manufacture or testing of nuclear weapons
  • the management of facilities used to assemble or refurbish nuclear weapons and the manufacture of delivery systems for nuclear weapons
  • the manufacture of tobacco or tobacco products.

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 classInvestment 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

International equities

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

Fund updates