Surge in KiwiSaver investments linked to deforestation

Aerial view of deforestation in the Amazon caused by the expansion of agricultural areas. (Image: Getty)

Wed, 10 May 2023

New Zealand investment in companies linked with deforestation has grown 79% in one year, with most coming from KiwiSaver funds, according to a new report.The research carried out by ethical investment charity Mindful Money identified 24 international companies involved in deforestation, either directly or through their supply chains. Over one year, NZ investment in those companies had increased substantially, from $38 million in September 2021 to $68m in September 2022. “Notably, almost $40m of the total for September 2022 is i...

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