KiwiSaver and fossil fuels: Why we invest

Prudhoe Bay: Much fossil fuel investment relates to infrastructure. (Image: Getty)

Thu, 15 May 2025

Part 2 of BusinessDesk’s look into the business decisions behind some KiwiSaver funds’ exposure to fossil fuel investments.Mindful Money launched a new campaign against investment into fossil fuels this year. It has identified five KiwiSaver fund managers as the biggest fossil fuel investors as a percentage of their portfolios.From one to five they are Milford Asset Management, QuayStreet Asset Management, Kernel Wealth, JMI Wealth/Select and Summer.BusinessDesk caught up with them to find out their reasoning.#1 Milford: Caution nee...

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