The hypocrisy of 'ethical' investing

Investors want to ensure their investments, particularly their Kiwisaver funds, are ethical. (Image: Getty)

Sat, 05 Aug 2023

I was watching the news on TV on Sunday night, and I realised the hypocrisy of sustainable investing. The sports section was sponsored by BP (a nasty fossil fuel company, some say), the lead story on the sports section was a story about the SkyCity New Zealand Breakers (SkyCity being a gambling company), and the political section included arguments between the Act, Labour and National parties about what would be the fastest way to increase NZ defence spending to 2% of gross domestic product (armaments). This was all happening on a g...

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