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Investment Insights

Turning ethics into action – the ‘Kiwi’ way

Kiwi Invest

Written by Kiwi Invest

Keeping you up-to-date with all the latest updates at Kiwi Invest.

Monday 29 June, 2020

paintbrush-riAt Kiwi Invest, we believe that truly ‘Responsible’ investing goes beyond ‘easy’ gestures – to consider the full impact of every investment decision, across every fund.

And as part of that approach, we also champion active engagement – using our influence and voting rights as shareholders to directly engage with company boards and management to drive real, specific change on a range of environmental and social issues.

In recent months, we have:

  • Voted for Amazon.com to prevent the sale of facial recognition tech to government agencies – and report on diverse topics including products promoting hate speech, sexual harassment, climate change impacts and managing food waste;
  • Pressured PayPal’s board to define their human rights responsibilities in governance – and Australian supermarket chain Coles to improve human rights management in their fresh food supply chains;
  • Voted for the companies that own KFC, Taco Bell, Burger King and Pizza Hut to report how they are reducing deforestation impacts in their global supply chains;
  • Voted for Coca-Cola, Pepsi and McDonald's to report on the health impacts of sugar in their products;
  • Pressured leading oil giants Shell, Chevron and Mobil to disclose a range of information, from setting and publishing emissions targets, to reporting on the risks of their products to environments and communities; and
  • Withheld votes or voted against directors who are up for re-election to Facebook, Twitter, and Alphabet – who have failed to carry out their responsibilities appropriately as they specifically relate to the livestreaming and dissemination of content, such as the Christchurch shootings.

Keen to know more?

You can find our proxy voting record – and the full detail of our Responsible Investing approach – at kiwiinvest.co.nz/responsibility

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