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Pathfinder gets B Corp status

Pathfinder Asset Management has become the first fund manager in New Zealand declared a Certified B Corporation.

Monday, August 31st 2020, 5:00AM

John Berry

Pathfinder manages CareSaver KiwiSaver and also a suite of managed funds outside of KiwiSaver including its Global Water Fund and Ethical Trans-Tasman Fund.

It is the 34th company in New Zealand to achieve the status. Others include Allbirds, Kathmandu and Sharesies.

Companies obtaining B Corp status have a desire to reduce inequality, promote a sustainable economy, create a healthier environment, and build stronger communities.

John Berry, chief executive and co-founder of Pathfinder, said the B Corp certification was a fantastic achievement for Pathfinder’s team.

“We want to make great returns for our investors and at the same time generate these great returns in a way that is good for our planet and communities. Our team is committed to this mission.

“Obtaining B Corp certification is not easy. It requires a high level of transparency as well as social and environmental performance. It is not simply about what we do and don’t invest in as a fund manager. It is about our purpose and touches every part of our business. This is immensely important to us.”

Pathfinder also announces it has achieved an A+ rating from the United Nations Principles of Responsible Investing (UNPRI) for governance and strategy. Pathfinder shares the highest A+ rating with the NZ Super Fund.

Certified B Corporations achieve a minimum verified score on the B Impact Assessment – an assessment of a company’s impact on its workers, customers, community, and environment – and make their B Impact Report transparent on bcorporation.net. Certified B Corporations also amend their legal governing documents to require their board of directors to balance profit and purpose.

Tags: ESG ethics Pathfinder Asset Management Sustainability UNPRI

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Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 3.85 3.95 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 ▼2.45 2.65 2.79
Kainga Ora 4.43 2.93 3.07 3.24
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 3.05 3.19 3.25
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.55 2.69 2.75
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 3.29
TSB Bank 5.34 3.29 3.45 3.59
TSB Special 4.54 2.49 2.65 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.15 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.00 3.13 3.02

Last updated: 21 September 2020 10:48am

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