NZ investors will move their money if funds prove non-ethical
As New Zealand prepares to release its sustainable finance roadmap, new research shows that more than three-quarters (78%) of New Zealanders with KiwiSaver or other investments believe that ethical or responsible investments perform better in the long term.
The new study, conducted by Dynata for Mindful Money and the Responsible Investment Association Australasia (RIAA), highlights the significant consumer demand for responsible and ethical investment, as the industry continues to grow in its size and influence.
RIAA CEO Simon O’Connor told Good Returns that he was not surprised by the findings. “We have seen now for a number of years that [for the] vast majority of New Zealanders their investments and savings are aligned with their values. What has fundamentally changed is that we now see that the vast majority of New Zealanders, almost 80%, now also believe that responsible investment performs better in the long term.”
“It is really encouraging to see that the myth that ethical and responsible investments underperform is rapidly being put to bed.”
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