Managers have abdicated responsibility: Kiwi Invest

Kiwi Invest’s quantitative and responsible investment strategist Steffan Berridge believes that “until recently there has been an abdication of responsibility” in fund managers representing the values of their clients.

The waters have become muddied by high demands for RI leading to a misuse of jargon in the industry. Berridge points to loose terms such as “green bonds” not always amounting to any real change on the ground.

Berridge believes that transparency between investors and fund managers is vital, “Investors deserve to know precisely how a responsible investing strategy is being implemented on their behalf, which companies their money is invested in and how ESG criteria are being applied”.

This position adopted by Kiwi Invest has earned them an A+ rating for Strategy and Governance in its first assessment from the PRI (Principles for Responsible Investment).