Source: PSA statement follows:
Mindful Investing: Unique New Zealand initiative starts up in Australia
Strewth! Australians are surprised to find out where their super is invested: New research shows a large gap between public expectations and investment patterns.
The New Zealand charity, Mindful Money today released a new report in Australia revealing that billions of dollars of Australians’ superannuation is invested in industries linked to issues of public concern. This report, under the brand of Mindful Investing, summarises data from a pilot project, analysing the portfolios of 15 large super funds with Funds under Management of A$2.1trillion.
Barry Coates, Mindful Money Founder and Co-CEO explained: “This move into Australia comes after years of Australians asking us to provide transparency along the same lines as we do in New Zealand. We are particularly proud to be offering this information for free to the Australian public. Everyone should be informed about where their investment money goes.”
The report also draws on new research conducted by Lonergan Research on Australians’ attitudes to superannuation which found that 84% of respondents expect their super fund provider to invest ethically/responsibly. In a similar pattern to New Zealand, Australians want to avoid investing in issues such as fossil fuels (69%), human rights violations (87%), and environmental damage (85%).
Yet Mindful Investing’s analysis found that super fund managers have significant investments in the issues that Australians want to avoid. The listed equity and fixed income portfolio holdings of 31 MySuper and sustainable investment options from 15 major super fund providers have over 10% of their portfolio in those issues.
Mindful Money Co-CEO Barry Coates commented: “There is a significant gap between the expectations of everyday Australians and the reality of where their super fund is invested. We have seen this gap diminish in New Zealand, at least partly as a result of portfolio transparency. We hope that this analysis will inform and empower Australian investors and persuade fund managers in Australia to raise their ethical standards.”
The stakes are high. When scaled across the entire superannuation system, the findings suggest up to $450 billion could be invested in companies found to be linked to issues of concern, including human rights violations, animal cruelty, environmental damage, weapons, social harm and fossil fuels. These flows of capital are globally significant. The Australian superannuation sector is projected to soon be the second largest in the world behind only the US.
Mindful Money’s Co-CEO, Kate Vennell concluded: “The Australian super funds are foundations for the public’s wealth and retirement income, important for the local and national economy, and influential across global capital markets. A switch of their investment choices away from companies that contribute to harm towards climate solutions, sustainability and social inclusion could make a huge difference.”
Notes:
Mindful Investing’s report Inside Australia’s Superfunds: An ethical review of investment can be accessed atwww.mindfulinvesting.au.
Mindful Investing is a programme of the New Zealand charity, Mindful Money, which provides portfolio disclosure on more than 400 KiwiSaver funds, the superannuation equivalent and around 600 managed investment funds, updated in December and June each year.
The methodology used in Australia draws from seven years ofMIndful Money’s methodology development in New Zealand.
Mindful Investing is a small Kiwi charity that has made a big step into Australia with this pilot project. We aim to extend the range of super funds analysed, undertake two updates per year, build a large base of informed investors and work constructively with super funds to raise ethical standards.
Climate Policies – Governments falling 90 percent short of climate adaptation finance needs, Oxfam warns ahead of Bonn climate talks
Source: Oxfam Aotearoa
- Slash the emissions of the super-rich and make the richest polluters pay, through taxation on extreme wealth, excess profits taxes on fossil fuel corporations, and a carbon capital levy on investments in polluting sectors.
- Remove the financial barriers blocking a Just Transition by cancelling debt, phasing out fossil fuel subsidies and overhauling a financial architecture systemically skewed against Global South countries.
- Substantially increase climate finance to support communities on the frontlines of the climate crisis. This means fulfilling the $300 billion annual target agreed at COP29, including tripling funding flows specifically for adaptation, and substantially increasing resources to address loss and damage.
Take precautions for sunstrike, Transporting New Zealand warns
Consumer NZ says no energy retailer deserves People’s Choice accolade
For the first time in over a decade, Consumer NZ has decided not to award an annual People’s Choice accolade to any energy retailer.
The People’s Choice award recognises businesses that do right by their customers and earn high customer satisfaction scores in Consumer’s surveys.
“This year, no retailer met the threshold of having both highly satisfied customers and our backing that they are doing a stellar job of looking after their customer base,” says Jessica Walker, campaigns manager.
Consumer NZ says that the number of energy customers who class themselves as very satisfied has been on a steady decline for the last three years – which is at odds with the other sectors it tracks.
“Customer satisfaction is rising across other sectors – including KiwiSaver, internet service providers and even insurance.”
The price of power is a problem
The cost of energy is a key concern for more than half of New Zealand households.
“We have seen a rise in the number of people saying they are very concerned about the cost of energy. That’s now climbed to 34% of New Zealanders”, says Walker.
Consumer’s surveying has found that the majority of New Zealanders see energy profits as excessive, their bills as unfair and the recently announced half-year profits for gentailers (companies that both generate and sell electricity) as unjustifiable.
“The areas people are most dissatisfied with are value for money from their energy retailer, and a lack of competitive pricing,” says Walker.
Mercury satisfaction scores were significantly below average in four categories tracked by Consumer’s annual energy retailer survey – value for money, competitive pricing, helping you save energy and helping you select an appropriate plan.
“This is particularly concerning given Mercury has the highest market share.”
Switch to save – Over the past two years, power prices have gone up for all households. However, the price increases vary by region, plan type and retail brand too.
Almost 40% of New Zealanders think all energy providers charge about the same – but this is not true, Consumer says.
“There are savings available to people who shop around for power.
“People who use our free Powerswitch website save an average of $450 a year. We recommend people check to see what they could save by switching power plans or providers before the big winter bills hit.
“With satisfaction falling and power bills rising, there has never been a better time to test the market. Vote with your feet, shop around and see what you could save.”
About Consumer
Consumer NZ is an independent, non-profit organisation dedicated to championing and empowering consumers in Aotearoa. Consumer NZ has a reputation for being fair, impartial and providing comprehensive consumer information and advice.
Property Market – Fuel pressure eases but construction costs keep building – QV
Residential construction costs have continued to edge upward, despite lower diesel prices.
QV CostBuilder’s latest update captures more than 11,400 material price movements across six main centres, including Auckland, Hamilton, Palmerston North, Wellington, Christchurch and Dunedin.
It shows that diesel prices fell by 18.9% between the end of April and May, easing pressure on fuel-intensive areas of construction.
However, costs have still risen overall, with the average building cost per square metre for residential buildings increasing by 1.6% in the three months to the end of May 2026 and by 2.4% annually.
QV CostBuilder spokesperson and quantity surveyor Martin Bisset said diesel prices had not fallen enough to offset price rises elsewhere.
“The reduction in diesel prices has provided some much-needed relief for fuel-intensive areas of work, but it hasn’t been enough to stop residential construction costs from rising overall,” he said.
“The steep price of fuel has obviously been the most pressing issue in recent months. We’ve seen some of that pressure ease now, but diesel is still significantly higher than it was earlier this year and so it remains highly relevant and highly volatile.”
As a result, the excavation and piling trades recorded falls last month – down 5.1% and 0.9% respectively, largely due to the reduction in diesel prices.
At the same time, a range of commonly used building materials moved in the opposite direction, including garage doors (2.5%), framing timber (3%), ready mix concrete (4.1%), fibre cement cladding (4.8%), cedar cladding (21%), PVC pressure pipework (18.8%), PVC drain, waste and vent pipework (21.6%), and polyethylene pipework (25%).
“The broader picture is still one of modest cost growth overall. Some costs have come back, but materials such as concrete, timber, cladding and pipework are still moving higher,” Mr Bisset said.
“Construction cost inflation is not running away right now, but it is still present. Anyone planning a build should allow for some movement in costs. Even modest increases can make a difference over the life of a project.”
Meanwhile, the average building cost per square metre for non-residential buildings – excluding educational buildings – has increased by 1% this quarter and by 1.8% annually.
QV CostBuilder is an online building cost platform that covers everything from building costs per square metre for warehouses, schools and office buildings, to the retail supply cost of more than 8,000 items, labour rates, labour constants, and more.
Visit QV CostBuilder at costbuilder.qv.co.nz.
Law Issues – Police double standard on Palestine – PSNA
Source: Palestine Solidarity Network Aotearoa (PSNA)
PSNA is demanding police charge a pro-Israel tyre slasher, after he slashed two tyres on a Palestine supporter’s car in Raglan during a pro-Palestine protest in mid April.
Palestine Solidarity Network Aotearoa says Police told the victim they will not charge the Auckland businessman saying he has admitted he did it, apologised and has agreed to pay for the damage.
PSNA Campaign Co-ordinator John Minto says the Police say the tyre slasher has no criminal record and the victim has never been a victim before so it doesn’t reach the threshold for prosecution.
“Police have told the complainant they can’t prosecute because it doesn’t meet the Solicitor General’s guidelines for doing so.”
“We are flabbergasted at the double standard. Five of our supporters in Christchurch were charged with wilful damage last year after placing small stickers onto the window of a central city business”.
“One of these people appears in court tomorrow in Christchurch to face police charges of wilful damage”
“Since when is slashing tyres given a free pass but putting stickers on a window demands prosecution?” says Minto.
“A large PSNA delegation met with senior police in Wellington earlier this year to discuss what we have seen as an obvious police bias in going softly on pro-Israel physical violence and property damage while taking heavy-handed action at the mildest protests against the genocide in Gaza.
“The police denied any bias in their policing, but this tyre-slasher case underlines the shocking prejudice at some police levels.”
“They are taking their blatantly prejudiced approach from similar outrageous police responses to protests in Australia and the UK.”
“Letting off this tyre slasher just adds to the litany of complaints of systemic police prejudice against Palestinians and Palestine supporters in New Zealand.”
“If the situation were reversed and a pro-Israel supporter had their tyres slashed the police, media and politicians would be in a frenzy claiming it as a violent, anti-semitic attack which endangered Jewish lives”
“We have written to the Police Commissioner Richard Chambers to demand prosecution of the tyre slasher.”
John Minto
National Campaign Co-ordinator
PSNA
Background
The well-known Auckland businessman had approached two women who had arrived in Raglan carrying Palestinian flags for a protest and offered money to them to fly an Israeli flag instead. They declined and joined the protest. Returning to their car an hour later they found one of the tyres was flat and had been slashed. The following day a second tyre was found flat – both tyres had to be replaced.
If the second tyre had blown out during the drive back from Raglan to Hamilton the situation could have been much worse.
The victim lodged a complaint with police and then using CCTV footage from the local supermarket was able to identify the person responsible from the company name on the car of the offender. The victim’s husband contacted the man through social media and after initial denials he phoned the victim’s husband and admitted responsibility and offered to pay for the damage once he was sent images from the CCTV cameras.
All this information was passed to police who last week contacted the complainant to say they would not be prosecuting the man.
Animal Welfare – Another greyhound dead as industry prioritises racing until the bitter end – SAFE
Source: SAFE For Animals
Advocacy – Palestine Forum of New Zealand Calls for Withdrawal of Israeli Knesset-Linked Speaker from LIMMUD NZ
The Palestine Forum of New Zealand is calling on LIMMUD NZ to withdraw the invitation extended to Noa Lavi, a speaker with direct ties to the Israeli Knesset, from its upcoming event in Wellington on June 13–14.
The Palestine Forum of New Zealand wishes to be unequivocal: this call has nothing to do with Jewish identity, culture, or learning. We fully respect and support spaces dedicated to Jewish community engagement and education. Our objection is specific and principled in the inclusion of a speaker affiliated with an active political institution of a state currently subject to international legal scrutiny and widespread condemnation for its actions in Gaza.
LIMMUD promotes itself as a cultural and educational platform. Hosting a speaker with direct Knesset connections contradicts that purpose and risks making the event a platform for political representation and state-affiliated advocacy whether intended or not.
At a moment when Palestinian lives and rights are at the centre of global conscience, the Palestine Forum of New Zealand calls on LIMMUD NZ to:
- Remove Noa Lavi from the programme, given her political affiliations.
- Issue a public statement clarifying its policy on speakers connected to foreign political institutions.
- Demonstrate genuine commitment to inclusivity by ensuring its events do not provide platforms for representatives of a state engaged in internationally condemned actions.
Silence or inaction will itself be a statement.
The Palestine Forum of New Zealand remains open to dialogue with LIMMUD NZ organisers.
Palestine Forum of New Zealand
Insurance – Insurers call for Community Protection Levy to fund resilience before disaster strikes
Source: Insurance Council of NZ
- The $4 million Taradale stopbank helped protect communities during Cyclone Gabrielle.
- The $15 million Awanui Flood Protection Scheme in Kaitaia is estimated to have already avoided around $50 million in damage.
