Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

The Proof You Needed That Investing Ethically Pays

In just two years the leading ethical KiwiSaver, Pathfinder, has reached $100 million under management. And it has reached this delivering market leading returns, proving ‘profit’ is not a dirty word.

Can you invest ethically and at the same time make great returns? The answer is a resounding “yes”. We call this ‘conscious capitalism’ or ‘stakeholder capitalism’ but the proof is there. You can avoid harm and do well with your investments.

Each of Pathfinder’s KiwiSaver funds are in the top 4 for their category over the 12 months to 30 June 2021*, and its flagship Growth Fund is a massive 7.8% ahead of the growth KiwiSaver category average for the period.* Over the last two years it has achieved 18.60% per annum.** Pathfinder’s Conservative Fund is number 1 in its category over the last 12 months.*

Co-founder and CEO John Berry says “We’re ecstatic to reach the $100 million milestone, and even more excited that we have reached it with fantastic return outcomes for our investors. We are delivering on our mission for our ethical investing to grow individual wealth and collective well-being. Ethical investing does not come at a cost, in fact we believe the opposite is true – accounting for environmental and social considerations should add to long-term financial returns.”

Pathfinder KiwiSaver has a unique social enterprise business model where they want to achieve social good as a business. They do this not only through their commitment to ethical investing, but also by donating 20% of their KiwiSaver management fees to charities as selected by their members.

They have just added the New Zealand Anti-Vivisection Society (NZAVS) as their 18th charity. NZAVS’s mission is to end animal experimentation and the harmful use of animals for research, testing and teaching in Aotearoa - for animals, humans and science. This aligns well with Pathfinder KiwiSaver and its focus on avoiding animal exploitation. Pathfinder’s KiwiSaver does not invest in companies that engage in animal testing or factory farming.

Pathfinder, NZ’s first dedicated ethical fund manager and certified B Corp, is a leader when it comes to environmental, social and governance (ESG) investing. Its KiwiSaver investments include unique and impactful private investments like Sir John Kirwan’s technology driven mental health app (Mentemia), large scale solar in New Zealand (Lodestone), biodegradable bandages (Wool+Aid), microfinance for women in South-East Asia (Women’s Livelihood Bond) and the tech-based democratisation of investing (Sharesies). Pathfinder KiwiSaver has also provided capital for several social housing projects in New Zealand.

Last month Pathfinder was awarded “Best Ethical KiwiSaver Provider” by MindfulMoney.

 

*Source: Morningstar for the 12 months ending 30 June 2021

** Return for the 24 months ending 30 June 2021 provided by Pathfinder (after fees, before tax)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>



Environment: Preliminary Environmental Data On New Zealand’s Air Quality Released Today

The Ministry for the Environment and Stats NZ have published the Our air 2021: preliminary data release today. We are currently working to revise the Our air 2021 report to incorporate analysis of the World Health Organization (WHO) 2021 air quality guidelines that were released on 23 September 2021... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>


Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>