Govt green fund knocked back BlackRock involvement

BlackRock sought NZ Green Investment Finance involvement in a $2b sustainability fund. (Image: Getty)

Wed, 05 Mar 2025

Global investor BlackRock failed to convince New Zealand’s government-backed green investment fund to participate in a proposed $2 billion sustainability fund.The knockback, which occurred at a board meeting of NZ Green Investment Finance (NZGIF) on June 26 last year, was revealed in response to an Official Information Act request from BusinessDesk.BlackRock announced its intention to create the fund before the 2023 general election, giving then Prime Minister Chris Hipkins one of the few good news stories for the Labour-led government ah...

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