Our policy is to avoid, where practicable, investment in companies whose activities are contrary to the intent of New Zealand legislation or various international agreements to which New Zealand is a signatory (for example, cluster munitions and tobacco products). However, as we invest via Mercer Investment Trusts New Zealand (MITNZ), we have no direct influence on individual securities held. Nonetheless, we will regularly question Mercer (N.Z.) Limited (Mercer), who implements our investment in MITNZ, and expect Mercer to be a signatory to the United Nations Principles for Responsible Investment and incorporate responsible investment considerations into its investment process.
For more information, read Mercer's Responsible Investment Policy.