Investing responsibly can benefit communities and the environment. It may lead to sustainable returns, supporting the long-term interests of investors.
BNZ Investment Services Limited (BNZISL) manages the investment products available through BNZ, including:
BNZ works with BNZISL to make sure these products help our customers achieve their investment goals. BNZISL considers environmental, social, and governance (ESG) factors in its management approach.
BNZISL decides how to invest the assets of the investment products available through BNZ. It does this by appointing underlying investment managers that select the investments for each asset class. These include shares, bonds, property, and cash.
When BNZISL appoints or reviews its investment managers, it considers how they incorporate ESG factors into their investment process.
The BNZISL Responsible Investment Policy describes the guiding principles for how BNZISL invests responsibly. It covers:
BNZISL expects its investment managers to engage on ESG matters with companies they invest in.
BNZISL doesn’t invest in companies involved in or profiting from certain harmful activities. This is a summary of what activities are excluded from investment. Full details are outlined in the BNZISL Responsible Investment Policy (PDF 82KB).
Companies are excluded if they:
Companies are excluded if they generate more than 10% of their revenue from:
Companies are excluded if they:
Companies are excluded if they generate more than 10% of their revenue from the production or distribution of adult entertainment material, products, and services.
Companies are excluded if they’re involved in:
Companies are excluded if they’re actively involved in hunting whales for commercial purposes or the processing of whale meat.
BNZISL’s climate action plan can be found in its responsible investment policy (82KB). As a climate-reporting entity, it produces climate statements for its investment products.
BNZ Investment Services Limited, a wholly owned subsidiary of Harbour Asset Management Limited, is the issuer and manager of the BNZ KiwiSaver Scheme, YouWealth and Private Wealth Series. Download a copy of the Product Disclosure Statements below:
- BNZ KiwiSaver Scheme Product Disclosure Statement (PDF 1.1MB)
- YouWealth Product Disclosure Statement (PDF 933KB)
- Private Wealth Series Disclosure Statement (PDF 1MB)
Investments in the BNZ KiwiSaver Scheme, YouWealth and Private Wealth Series are not bank deposits or other liabilities of Bank of New Zealand (BNZ) or any other member of the National Australia Bank Limited group. They are subject to investment risk, including possible delays in repayment. You could get back less than the total contributed. No person (including the New Zealand Government) guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme, YouWealth or Private Wealth Series, or the repayment of amounts contributed. National Australia Bank Limited, the ultimate owner of BNZ, is not a registered bank in New Zealand but a licensed bank in Australia and is not authorised to offer the products and services mentioned on this webpage to customers in New Zealand.
BNZ Investment Services Limited (BNZISL) uses the BNZ brand under licence from Bank of New Zealand, whose ultimate parent company is National Australia Bank Limited. No member of the FirstCape group (including BNZISL) is a member of the NAB group of companies (NAB Group). No member of the NAB Group (including Bank of New Zealand) guarantees, or supports, the performance of any member of FirstCape group’s obligations to any party.