Greens’ KiwiSaver win reflects urgency of climate crisis

The Greens in Government have won a significant change to KiwiSaver funds that will bring an end to investments in fossil fuels, Green Party Co-leader James Shaw said today.

“People setting aside money for the future want to know their savings are being put to good use, helping to create a better future for their kids and grandkids,” James Shaw said.

The changes announced today mean that investments in fossil fuel production will be excluded from future KiwiSaver funds that are default providers.

“Rules set down by previous governments allowed people’s hard-earned money to be used to support the fossil fuels companies that are the leading cause of the climate crisis. Moving money away from dirty energy is important if we are to create cleaner, greener and safer communities in every part of the country.

“But this Government has put people and planet first by ensuring default KiwiSaver funds will soon be fossil fuel free. We are making KiwiSaver better for our future, better for our kids and better for our climate. This is another example of the Greens in Government at work.

“It is in these sorts of changes the Greens have won that you will find our better future. But we know this is just the start.

“For us to create the clean, green communities most New Zealanders want, we need to go further and faster. We need more bold actions like the one we announced today, and we need others that are holding large purse strings to follow KiwiSaver and end their investments in fossil fuels,” James Shaw said.

Latest Climate Change Announcements

Story

New Zealand first in the world to require climate risk reporting

New Zealand will be the first country in the world to require the financial sector to report on climate risks, the Minister for Climate Change Jame...
Read More

Story

Greens unveil $297m fund to support sustainable food and farming

The Green Party has released its Farming for the Future Plan, including a $297m fund to support farmers and growers to transition to climate-friend...
Read More

Farming For The Future

Here in Aotearoa, we can have a thriving and sustainable farming sector that is good for farmers, good for people, and good for the planet. By maki...
Read More

Petition

Supporting farmers to be part of the solution

Our farmers are already leading the way toward climate-friendly agriculture - but governments must support them to go further, faster.   The Green ...
SIGN ON

Story

Labour’s energy policy shows progress, but more action needed to protect the planet

The Green Party says Labour’s energy policy is a step in the right direction, but the Greens would go further and faster to meaningfully tackle the...
Read More

Story

Low-emissions options for heavy transport a step closer

Getting low-emission trucks on the road is a step closer with investment in infrastructure to support hydrogen vehicles, the Energy and Resources M...
Read More