Get our KiwiSavers out of fossil fuels

While most New Zealanders expect their KiwiSaver funds are being invested responsibly, most KiwiSaver members are unknowingly putting their hard-earned savings towards the biggest polluters in the world. Our KiwiSaver funds are currently acting as a direct link between us and those most responsible for climate change: the fossil fuel industry. Over $1.15 billion of KiwiSaver money is invested in companies involved in fossil fuel extraction and production.

In early 2020 the Minister for Commerce, Hon. Kris Faafoi and Minister for Finance, Hon Grant Robertson will make a decision on how our KiwiSaver funds are invested. We’re calling on the Ministers to implement mandatory responsible investment, with a category exclusion of the fossil fuel industry, for all default KiwiSaver funds. This would mean when you sign up to join Kiwisaver, New Zealanders would be guaranteed that the default option for their savings will not be fueling the climate crisis.

This decision only comes around every 7 years, so it’s crucial the Government delivers a forward-thinking investment plan, consistent with intergovernmental climate agreements, scientific consensus, and rapidly shifting political and economic landscapes.

Dear Hon Kris Faafoi and Hon Grant Robertson,

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