Responsible investment funds in New Zealand have overtaken traditional funds for the first time, reaching a record $183 billion in 2022, while traditional investments dropped 9% to $169 billion, a new report by the Responsible Investment Association Australasia (RIAA) has revealed.
The Responsible Investment Benchmark Report Aotearoa New Zealand 2023, researched in collaboration with EY, shows the responsible investment market now makes up more than half (52%) of the total managed funds market in New Zealand.
Dean Hegarty, Executive Manager at RIAA said, “It’s only a few years since responsible investment was seen as a niche market. But the landscape has now turned on its head – today, funds not actively engaged in responsible investment are not just lagging; they’re stranded at the starting line of a race that’s already in full swing.”