Investment

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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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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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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Open Letter On The Ethics Of Investment

The letter is available as a PDF here. Monday, 4 October 2021, 3:13 pmArticle: Wise Response Rt Hon Jacinda Ardern ParliamentWellington, 6160 Email: j.ardern@ministers.govt.nz Dear Prime Minister, Thank you for all you and your team are doing to confront the climate emergency. You may not be aware that investment funds, contrary to their claims, don’t …

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AMP Wealth Management New Zealand : Banks and Fossil Fuels

Dr Robert Howell September 2021   Introduction and Summary AMP has two separate entities. AMP Capital, based in Australia, is run separately from AMP Wealth Management New Zealand (AMPWMNZ) which operates the Kiwisaver Funds. Discussion of AMP Capital is not included in this analysis. This article describes and evaluates AMPWMNZ’s approach to ethical investing (which they …

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AMP Capital: Is it Responsible?

AMP Capital: Is it Responsible? Dr Robert Howell September 2021 Introduction and Summary AMP Capital’s approach to responsible investment is described, with its ESG Approach, its exclusions based on the concepts of harm or denial of humanity, and how it engages.  A brief description is given of the AMP Capital Ethical Leaders Global Shares Fund. …

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