BT Funds Management (NZ) Limited measures the carbon intensity, as well as the fossil fuel, stranded assets, and carbon solutions exposure within the domestic and international equity portfolios across all funds, including the Westpac NZ KiwiSaver Scheme, on a six-monthly basis. The weighted average carbon emissions intensity of the portfolios has steadily decreased by 29% and 24% respectively over the past 12 months.*
BT Funds Management (NZ) Limited (BTNZ), the funds management arm of Westpac NZ responsible for the investment of the Westpac NZ KiwiSaver Scheme, was recognised for its strong ESG performance. BTNZ received the highest rating of A+ for its approach to strategy and governance in the annual reporting and assessment of signatories to the Principles of Responsible Investment (PRI).** This was an improvement from the A rating received in 2019. For full details of BTNZ’s transparency and assessment reports please see the links below.
* Sustainalytics as the source of data and research provider.
**PRI assessment methodology: https://www.unpri.org/reporting-and-assessment-resources/about-pri-assessment/3066.article
BTNZ’s transparency report: link will be added to this website - https://www.westpac.co.nz/investment-kiwisaver/investment-solutions/responsible-investment/
BTNZ’s assessment report: link will be added to this website - https://www.westpac.co.nz/investment-kiwisaver/investment-solutions/responsible-investment/