Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Cullen buckles on ethical investment guidelines

Cullen buckles on ethical investment guidelines

Green Media Release 17th May 2007

The Government has finally buckled to Green pressure to make KiwiSaver providers disclose their approach to ethical investing, although it has not stopped the New Zealand Super Fund from investing in nuclear weapons manufacture.

“The Greens have been instrumental in putting ethical investment on the agenda and hence we were gratified that Finance Minister Michael Cullen has finally buckled to our pressure for KiwiSaver providers to disclose their approach to ethical investing, as announced in his budget speech today.

“However we remain concerned that people will not have the investment guidelines by the time they have to choose their providers and so will choose them without knowing their ethical investment criteria. It’s a case of better late than never but I urge the Government to get the statements ready as fast as possible.

“Most of all I am disappointed that Michael Cullen has left the New Zealand Super Fund free to invest our taxes in nuclear weapons manufacture. In February I revealed that the Super Fund had been investing our taxes in companies involved in the manufacture of nuclear weapons and this is still occurring.

“I am currently collecting a petition to stop the Super Fund investing in nukes and will be presenting it in the next couple of weeks.

“The first victory for ethical investment is getting the KiwiSaver providers to disclose their investment approach. The next step is to get the NZ Super Fund investing our taxes ethically.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>


Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels