Bank of New Zealand selects FTSE Russell ESG index

FTSE Russell ESG

11 September 2019
| By Chris Dastoor |
image
image
expand image

Bank of New Zealand (BNZ) has licenced a custom index based on the FTSE Global Choice Index Series from global index provider FTSE Russell.

Launched last year, the index used a transparent, rules-based framework to apply values-based exclusions to broad FTSE Russell indexes, which applied screens to filter companies based on Environmental, social and governance (ESG) impact.

The custom index licenced by BNZ used a screening methodology to exclude companies involved in manufacturing weapons banned under international treaties, including cluster munitions and land mines, and tobacco firms.

Peter Forster, BNZ welath general manager, said: “A huge focus for the BNZ Wealth team in the past year has been refreshing our Managed Investment Scheme offerings, including the BNZ KiwiSaver Scheme.”

“We know how important investing responsibly is for our customers, so we have built a KiwiSaver scheme with that in mind.”

Tony Campos, ESG product management at FTSE Russell, said: “Our FTSE Global Choice Index Series helps meet the growing demand for integrating ESG preferences into investments and draws on our extensive experience in designing indexes that account for social and environmental impacts.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 2 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 3 hours ago