The responsible investment sector in New Zealand has seen a massive influx of funds in 2016, with negatively screened funds growing by over 2500% and reaching a total of NZ$42.7 billion, according to the Responsible Investment Association Australasia (RIAA).
RIAA has published the New Zealand Responsible Investment Benchmark Report 2017, which has found that responsible investment constituted NZ$131.3 billion in assets under management (AUM) as at 31 December 2016, up 67% from NZ$78.7 billion AUM in 2015. Broad responsible investment – those assets managed by primarily undertaking an environmental, social and governance (ESG) integration approach – grew by 15% to reach NZ$88.6 billion, while core responsible investment assets as a proportion of New Zealand’s total professionally managed assets increased to 61% in 2016, up from 2.5% in 2015, and sustainability themed investments increased by 34%.
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