Barry Coates: Mindful Money founder on the Government scrapping climate-related disclosures for KiwiSaver funds
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
A fund manager says Kiwis deserve to know the impact of their investments.
The Government plans to scrap annual climate disclosures for KiwiSaver funds, and raise the reporting threshold for listed companies from $60 million dollars to $1 billion.
Mindful Money founder Barry Coates says these rule changes will reduce transparency.
"We're stepping backwards on what should be information that should be disclosed by companies. If you're investing in a KiwiSaver fund, do you want to know whether that KiwiSaver fund is bearing a high climate risk? I would want to know."
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