Finance minister Katy Gallagher has confirmed that she held informal talks with the sovereign wealth fund’s Board of Guardians amidst speculation its mandate could be changed to align it with the transition to net zero.
New Zealand’s sovereign wealth has set its future 20-year rolling returns forecast well above the risk-free rate but below the annualised 10 per cent it achieved in its first two decades of operation.
Two out of three on ESG
Melbourne: ESG (Environmental, Social and Governance) is one of the fastest growing trends in
investing globally.
It has become part of the funds management zeitgeist, aided, in part, by research pointing to better
performance by fund managers that favour companies with good ESG policies and practices.
The recent decision by the Trump administration to restrict the ability of US pension funds to invest
in companies espousing ESG principles has thrown a spotlight on the issue once again.
Read the full Media Release: here.
