BT Funds Management Limited (BTNZ) is member of the Westpac Group of companies and a licensed investment scheme manager based in New Zealand. BTNZ manages all of Westpac’s New Zealand based investment funds, including the Westpac KiwiSaver Scheme and Active Series and has more than NZD15 billion in funds under management. BTNZ use a multi-manager approach to deliver strong risk-adjusted returns, by including a wide variety of investment processes and strategies in all funds. At BTNZ we believe we have a duty, and a responsibility, to drive positive outcomes for our investments, our planet, our communities, and our customers. BTNZ’s purpose is to help our people, our communities and our customers financially, to grow a better New Zealand. We are committed to achieving net-zero Greenhouse gas (GHG) emissions by 2050 or sooner and aligning our investments to a 1.5°C temperature above pre-industrial levels pathway. Our approach to investing sustainably has four key pillars. We seek to use these pillars in our investment decisions, either directly or through our third-party investment managers. All these activities aim to protect or enhance value. We believe climate change, ecosystem destruction, biodiversity loss and water stewardship are some of the most significant issues impacting our planet – and our economy. We know that actions taken in the short-term are critical to the long-term success of our assets. Therefore, we are prioritising our actions in these areas. We are seeking to align our investments with the social and environmental objectives outlined in the European Union’s (EU) Regulation on the establishment of a framework to facilitate sustainable investment (EU 2020/852).