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Super Fund gets RI rating

The NZ Super Fund has received strong ratings across several categories in the latest United Nations Principles for Responsible Investment (UNPRI) Report.

Monday, September 2nd 2019, 12:48PM

It received an A+ rating for its approach to strategy and governance, the fifth year it has achieved the top grade. Other key results included A+ marks for the manager selection, appointment and monitoring module for infrastructure, private equity and property investments, the first time the fund has been judged on these categories.

“We were particularly pleased at the infrastructure category result, given this is an area of increasing focus for the Fund, both in renewable energy infrastructure and low-carbon transport with our bid for the Auckland Light Rail project a prime example,” said NZ Super Fund head of responsible investment Anne-Maree O’Connor.

“The fund takes a strong and purposeful approach to responsible investment. We believe that environmental, social and governance (ESG) factors are material to long-term returns.”

The UNPRI is the leading global proponent of responsible investment. It seeks to understand the investment implications of ESG factors and to support signatories to incorporate them into investment and ownership decisions.

The Super Fund was among the founding 25 signatories to the principles in 2006. 

The fund received A+ or A ratings for all categories it was assessed against, including direct listed equity and active ownership. Improvements in the past year included in the listed equity category where heightened disclosure of all voting decisions saw it regain an A+ grade.

“ESG considerations are integrated into our due diligence processes, opportunity and access point selections, as well as ownership activities such as exercising our voting rights and engaging with companies to improve their policies and practices,” O'Connor said.

“The fund remains committed to continuous improvement of our activities, so that we meet the expectations of New Zealanders who want us to invest in a responsible manner. We’re very happy to have maintained a top-tier placing among UNPRI peers globally.”

Tags: ESG NZ Super Fund responsible investing UNPRI

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AIA - Back My Build 5.94 - - -
AIA - Go Home Loans 8.49 ▼6.19 ▼5.69 ▼5.69
ANZ ▼7.89 ▼6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▼5.99 5.69 5.69
ASB Bank ▼7.89 ▼6.19 ▼5.69 ▼5.69
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.90 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - ▼5.99 ▼5.69 ▼5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One ▼7.94 - - -
BNZ - Rapid Repay ▼7.94 - - -
BNZ - Std ▼7.94 ▼5.99 ▼5.69 ▼5.69
BNZ - TotalMoney ▼7.94 - - -
CFML 321 Loans 6.70 - - -
CFML Home Loans 6.95 - - -
CFML Prime Loans 8.75 - - -
CFML Standard Loans 9.70 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.99 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ ▼7.65 6.19 5.75 5.69
Co-operative Bank - Standard ▼7.65 6.69 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - ▼6.40 6.10 -
First Credit Union Standard 8.50 ▼7.00 6.70 -
Heartland Bank - Online ▼7.49 ▼5.99 ▼5.59 ▼5.69
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 6.15 5.69 5.69
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank ▼7.75 ▼7.09 ▼6.59 ▼6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 ▼6.19 ▼5.69 ▼5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.75 6.69 6.19 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 8.49 6.95 6.29 6.29
SBS Bank Special - 6.35 5.69 5.69
SBS Construction lending for FHB - - - -
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SBS FirstHome Combo 5.94 5.45 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
TSB Bank ▼8.69 ▼6.79 ▼6.49 ▼6.49
TSB Special ▼7.89 ▼5.99 ▼5.69 ▼5.69
Unity 8.64 6.29 5.79 -
Unity First Home Buyer special - 6.20 - -
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Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
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Westpac Special - 6.29 5.79 5.79
Median 8.29 6.32 5.89 5.69

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