Green Party welcomes KiwiSaver fossil fuel and illegal weapons exclusion

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.”

ENDS

Latest Finance Announcements

Story

Bold solutions needed to ease inflation pressures

Action is needed to address the inequality crisis and support New Zealanders on the lowest incomes, the Green Party says.
Read More

Story

Inquiry into COVID-19 economic response necessary

The Green Party is again calling on the Government to review the economic response to COVID-19, as the Reserve Bank of New Zealand puts up the Offi...
Read More

Story

Budget 2022: James Shaw Budget Speech

Mr Speaker, It has taken four-and-a-half years to even start to turn the legacy of inaction and neglect from the last time they were in Government ...
Read More

Story

Rising household costs hurting low-income people

The Green Party says the Government needs to do more for those on the lowest incomes as inflation outpaces wage and benefit increases.
Read More

Story

Greens call for urgent action to fix tax system

The Green Party is urging the Government to take urgent action to create a fairer tax system that works for all New Zealanders.
Read More

Story

Urgent action needed to soften inflation blow for low income NZers

The Green Party says urgent action is needed to soften the blow of inflation for New Zealanders on the lowest incomes.
Read More