Media

Financial regulator’s ‘frightening’ failure to define ethical investments

Breach of the State Services Commissioner’s Code for Standards of Integrity and Conduct Wise Response made two formal complaints about the breach of the State Services Commissioner’s code for Standards of Integrity and Conduct. The first deals with the Financial Markets Authority (FMA) unwillingness to amend their Disclosure framework for Integrated Financial Products. (In that …

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New Zealand lawyers to sue Climate Change Commission

Press release: 14 February, 2022 New Zealand has employed “accounting tricks” to create a target for greenhouse gas emissions cuts that looks far more ambitious than it really is.The Climate Action Tracker (CAT) has given the country a “highly insufficient” rating. The net-zero emissions by 2050 target is enshrined in law, but the government’s policies …

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WR Press Release – NZ’s Emissions Reduction Plan falls well short

Press release: 29 November 2021 EMISSIONS REDUCTION PLAN FALLS WELL SHORT ‘The overall emissions budget proposed by the Ministry for the Environment is not nearly ambitious enough,’ says Chair of the Wise Response Society, Prof. Liz Slooten. ‘The IPCC requirement to keep global warming to 1.5ºC by 2030 means a median reduction of 45%. New …

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Wise Response on Pathfinder’s Sustainability Report 2021

13 November 2021 Anya Satyanand Independent Director of Pathfinder Asset Management Chair of Pathfinder’s Ethics Committee Dear Anya, Wise Response on Pathfinder’s Sustainability Report 2021 Thank you for drawing our attention to Pathfinder’s Sustainability Report 2021. One of the points we made in our earlier review 1 was the lack of reporting about your activity, …

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Open letter – The Most Important Mesage for NZ to Deliver at COP-26

Wise Response has sent an open letter to the Rt Hon Prime Minister Ardern and the Hon James Shaw, Minister of Climate Change. The letter is available as a PDF here and is reproduced below. 10 October 2021 Rt Hon Prime Minister Ardern and the Hon James Shaw, Minister of Climate Change ParliamentWellington, 6160 Dear …

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B Corporation, Transparency and Validity

B Corporation, Transparency and Validity Dr Robert Howell [1] Certified B Corporations state that they are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose   Certified B Corporations achieve a minimum verified score on the B Impact Assessment—a rigorous assessment of a …

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