‘Unlawful’: Court Rules Super Fund Ethical Investing Policy Inadequate

‘Unlawful’: Court rules Super Fund ethical investing policy inadequate

Activists urging the New Zealand Superannuation Fund to divest from companies linked to Israeli settlement-building in the West Bank have secured a court win...

$86 billion Super Fund failed to properly address human rights, court rules

The court granted an application by the Palestine Solidarity Network Aotearoa (PSNA) for judicial review of Guardians of New Zealand Superannuation's policies relating to ethical investment.

Human rights not properly addressed in Super Fund, court rules

The managers of the country's $86 billion Super Fund failed to properly address human rights issues when considering whether to exclude companies from its investments, the High Court has found.

Court rules NZ Super Fund policy unlawful — but stops short of ordering divestment

A New Zealand High Court ruling on the country’s sovereign wealth fund has found its ethical investment framework unlawful, but stopped short of requiring divestment from companies linked to Israeli settlement activity. The case challenged decisions by the New Zealand Superannuation Fund to retain investments in four companies — Airbnb, Booking.com, Expedia and Motorola Solutions […] The post Court rules NZ Super Fund policy unlawful — but stops…

Court ruling forces Super Fund policy rethink

New Zealand’s $86 billion Super Fund has been ordered to review its investment policies after the High Court found its approach to human rights considerations was unlawful and inconsistent. Justice Simon Mount ruled that the Guardians of New Zealand Superannuation failed to apply clear, coherent standards when deciding whether to exclude companies linked to alleged human rights abuses, particularly in relation to firms operating in Israeli settl…

NZ’s $86 billion Super Fund failed to properly address human rights, court rules in Palestine case

By Keiller MacDuff, RNZ News senior reporter The managers of the New Zealand’s $86 billion Super Fund failed to properly address human rights issues when considering whether to exclude companies from its investments, the High Court has found Justice Simon Mount granted an application by the Palestine Solidarity Network Aotearoa (PSNA) for judicial review of Guardians of New Zealand Superannuation’s policies relating to ethical investment. In a d…