Responsible Investment Policy

AMP Responsible Investment Policy:

The AMP KiwiSaver Scheme and New Zealand Retirement Trust will not hold direct investments in cluster munition, anti-personnel mine, chemical weapon, or nuclear explosive device stocks (“Excluded Securities”). AMP Wealth Management will prohibit any related party fund managers and managers of external funds (ANZ, ASB, Fisher & Nikko) from direct investment in Excluded Securities.

AFSNZ will utilise the NZ Superannuation Exclusion List as the minimum standard for identifying Excluded Securities.

Where an underlying fund manager, appointed by a related party fund manager or an external fund manager, cannot invest consistently with this policy, the AFSNZ selection process will consider the ability for that fund to invest in Excluded Securities and it will seek to influence the investment policy of fund managers where possible.

AMP Capital Investors (New Zealand) Limited Responsible Investment Policy

AMP Capital have an investment process which takes ESG and ethical considerations into account to better manage risk and generate sustainable, long-term returns.

AMP Capital has restrictions in place to exclude companies that are directly involved with the manufacture of controversial weapons, the manufacture and testing of nuclear explosive weapons and the manufacture of tobacco.

Also offered in the AMP KiwiSaver Scheme and NZRT is AMP Capital’s AMP Ethical Balanced Fund which has a policy which goes further than the above and it has been certified by the Responsible Investment Association Australasia (RIAA). The policy for this fund can be found here.

ANZ New Zealand Investments Limited Responsible Investment Policy

ANZ integrates ESG factors into their investment management process as they believe that these factors are some of the drivers of long-term investment risks and returns.

When assessing an investment, ANZ look at a range of financial (balance sheet strength, valuation, future earnings) and non-financial (management strength, industry composition, ESG factors) criteria.

ANZ have restrictions in place to exclude companies that are directly involved with the manufacture of controversial weapons, the manufacture and testing of nuclear explosive weapons and the manufacture of tobacco.

ASB Group Investments Limited Responsible Investment Policy

ASB incorporates ESG considerations into investment decisions to better manage risk and generate sustainable long-term returns.

ASB has restrictions in place to exclude investments where required by law, and will not invest, either directly or indirectly, in companies that are involved in the development or production of cluster munitions; the use, acquisition, possession or transfer of anti-personnel mines; and the manufacture, acquisition or possession of, or control over, any nuclear explosive devices. 

Mercer (NZ) Limited Responsible Investment Policy

Mercer believe that taking an investment view that goes beyond traditional financial analysis and considers a wide range of risks and opportunities is more likely to create and preserve long-term investment capital. 

The three components of the policy are:

  1. Sustainable Investment
  2. Ethical Exclusions (current exclusions include companies manufacturing tobacco products and companies manufacturing cluster munitions, landmines, chemical or biological weapons, or nuclear weapons)
  3. Corporate Governance and Proxy Voting

Mercer believes that ESG factors should be integrated into the investment process. For this reason:

  • The underlying investment managers appointed are encouraged to consider ESG factors in assessing investment risk and opportunities, as relevant to the type of investment.
  • The principals of active ownership and investment stewardship are incorporated throughout our investment decision making and ownership practices

Nikko Asset Management New Zealand Limited Responsible Investment Policy

Nikko believes that ESG factors are inherent to long-term value creation. Nikko has an ESG policy which is based on the following six principles:

  • They incorporate ESG issues in investment analysis and decision-making.
  • They be an active owner and incorporate ESG issues into its ownership policies and practices.
  • They seek appropriate disclosure on ESG issues by the entities in which it invests.
  • They promote the acceptance and implementation of these principles within the investment industry.
  • They collaborate to enhance effectiveness in implementing the principles.
  • They report their activities and progress towards implementing the principles.