The Green Party is welcoming the changes to KiwiSaver implemented today by the Government that require default providers
to exclude investments in fossil fuel production and illegal weapons.
“New Zealanders can now be sure their savings are being put to good use and helping to create a better future for the
climate and their children,” says Green Party MP Chlöe Swarbrick.
“The Green Party negotiated for KiwiSaver funds to be fossil free in the last term, showing how important it is to have
the Greens in Government.
“It’s also positive to see default providers must exclude investments in illegal weapons. That said, we can move away
from all unethical investments that are contributing to war industries, illegal or not.
“For us to create the clean, green and safer communities New Zealanders want, we need to go further and faster. We need
other large funds that are to follow KiwiSaver providers and end investment in the climate crisis.
“World-leading legislation currently before Parliament that requires financial institutions to report their
climate-related risks is an important step towards exposing those unethical investments and giving people the power to
choose not to invest in fossil fuels.
“I have a Member’s Bill in the ballot to end investment of all public funds in the mining and production of fossil
fuels, and we will continue to work across the Parliament to achieve tangible climate action. Our future isn’t in
betting on climate collapse.”