Social harm free funds

Did you know that nearly $1 billion of our investments support companies that cause Social Harm?

The tobacco, gambling, adult entertainment, pornography, and alcohol industries have long been recognised for the harm they can inflict on individuals and society. Tobacco, with its undeniable links to many health issues; gambling, which can lead to addiction and financial hardships; pornography, often criticised for its exploitative nature; and alcohol, associated with health risks and societal issues.

But did you know your KiwiSaver and Investment funds could be directly funding these companies?

A staggering $523 million is currently invested in these industries through KiwiSaver alone, complemented by an additional $422 million from other investment funds (analysis of March 2025 data). This accumulates to a total of $945 million - a figure that starkly contrasts with the values many New Zealanders hold.

Our recent survey showed that a significant majority of Kiwis wish to ensure their investments avoid industries that can contribute to social harm:

• 75% of Kiwis prefer their investments to steer clear of companies engaged in adult entertainment or pornography.
• Equally, 75% wish to avoid companies involved in the tobacco industry.
• 74% of New Zealanders wish their funds to stay away from gambling companies.
• 59% would rather not see their hard-earned money supporting the alcohol industry.

What does Social Harm Free mean?

Social harm free investing means no investments in the following: 

Tobacco - Where companies are involved in the production or retail of tobacco, or tobacco-related products and services. 

Gambling – Where companies are involved in the manufacture or retail of gambling specialised equipment, gambling supporting products and services, or gambling operations.

Adult Entertainment/Pornography - Where companies are involved in the production or distribution of adult entertainment.

Alcohol - Where companies are involved in the production or retail of alcoholic beverages, or alcohol-related products and services.

Read more about our methodology for identifying companies causing social harm here.

KiwiSaver & Investment Funds free from Social Harm

Look for our Social Harm badges on funds. These have met Mindful Money's robust criteria, and are proven to have less than 0.01% (one hundredth of one percent) invested in companies that cause Social Harm. 

KiwiSaver Funds free from Social Harm (based on March 2025 data)

• AE KiwiSaver Plan
• Aurora KiwiSaver Balanced Strategy
• Aurora KiwiSaver Growth Fund
• Aurora KiwiSaver RetirementPlus Age 50
• Aurora KiwiSaver RetirementPlus Age 65
• Booster KiwiSaver Socially Responsible Balanced Fund
• Booster KiwiSaver Socially Responsible Geared Growth Fund
• Booster KiwiSaver Socially Responsible Growth Fund
• Booster KiwiSaver Socially Responsible High Growth Fund
• Booster KiwiSaver Socially Responsible Moderate Fund
• Goalsgetter KiwiSaver Generate Thematic Fund
• Goalsgetter KiwiSaver Harbour Active Growth Fund
• Goalsgetter KiwiSaver Harbour Sustainable Impact Fund
• GoalsGetter KiwiSaver Nikko AM Global Shares Fund
• GoalsGetter KiwiSaver Nikko AM SRI Equity Fund
• Goalsgetter KiwiSaver Pathfinder Ethical Growth Fund
• Goalsgetter KiwiSaver Salt Sustainable Growth Fund
• InvestNow KiwiSaver Castle Point Trans-Tasman Fund
• InvestNow KiwiSaver Harbour Active Growth Fund
• InvestNow KiwiSaver Harbour Australasian Equity Focus Fund
• InvestNow KiwiSaver Harbour T. Rowe Price Global Equity Fund
• InvestNow KiwiSaver Mint Australasian Equity Fund
• InvestNow KiwiSaver Mint Diversified Growth Fund
• InvestNow KiwiSaver Pathfinder Ethical Growth Fund
• InvestNow KiwiSaver Salt NZ Dividend Appreciation Fund
• Investnow KiwiSaver Salt Sustainable Growth Fund
• Kernel KiwiSaver NZ 50 ESG Tilted Fund
• Kernel KiwiSaver NZ Small & Mid Cap Opportunities Fund
• Kernel KiwiSaver S&P Kensho Moonshots Innovation Fund
• Kōura KiwiSaver Strategic High Growth Fund
• Kōura KiwiSaver US Equities Fund
• NZ Funds KiwiSaver Balanced Fund
• NZ Funds KiwiSaver Growth Strategy
• NZ Funds KiwiSaver Inflation Strategy
• NZ Funds KiwiSaver Life Cycle - Age 0-54
• NZ Funds KiwiSaver Life Cycle - Age 65
• NZ Funds KiwiSaver Life Cycle - Age 75
• Pathfinder KiwiSaver Balanced Fund
• Pathfinder KiwiSaver Growth Fund
• QuayStreet KiwiSaver Socially Responsible Investment Fund
• Sharesies KiwiSaver Pathfinder Ethical Growth Fund
• Sharesies KiwiSaver PIE Global Growth 2 Fund
• Simplicity KiwiSaver Balanced Fund
• Simplicity KiwiSaver Default Fund
• Simplicity KiwiSaver Growth Fund
• Simplicity KiwiSaver High Growth Fund
• SuperLife KiwiSaver NZ Dividend Fund

Investment Funds free from Social Harm (based on March 2025 data)

• Accordia A200
• Accordia A300
• AE Investor
• Betashares Australian Sustainability Leaders Fund
• Betashares Global Sustainability Leaders Fund
• Betashares Global Sustainability Leaders Fund (NZD Hedged)
• Betashares NZ Sustainability Leaders Fund
• BNZ Private Wealth Series Australasian Equity Active Fund
• BNZ Private Wealth Series Australasian Equity Fund
• BNZ Private Wealth Series NZ Equity Passive Fund
• Booster Income 99 Fund
• Booster Socially Responsible Balanced Fund
• Booster Socially Responsible Growth Fund
• Booster Socially Responsible High Growth Fund
• Booster Socially Responsible Moderate Fund
• Booster Wealth Balanced Fund
• Booster Wealth Geared Growth Fund
• Booster Wealth Growth Fund
• Booster Wealth High Growth Fund
• Booster Wealth Moderate Fund
• Castle Point Ranger Fund
• Castle Point Trans-Tasman Fund
• Clarity Dividend Yield Fund
• Clarity New Zealand Equity Fund
• Clarity Trans-Tasman Value Fund
• Devon Alpha Fund
• Dimensional Australian Sustainability PIE Fund
• Epoch Global Quality Select Equity (Hedged) Fund
• Epoch Global Quality Select Equity Fund
• Fisher Funds Australian Growth Fund
• Fisher Funds International Growth Fund
• Fisher Funds Premium Australian Fund
• Fisher Funds Premium International Fund
• Forsyth Barr Climate Change Fund
• Forsyth Barr Global Growth Fund
• Forsyth Barr Global Sustainability Fund
• Generate Thematic Managed Fund
• Harbour Active Growth Fund
• Harbour Australasian Equity Focus Fund
• Harbour Australasian Equity Fund
• Harbour Australasian Equity Income Fund
• Harbour Income Fund
• Harbour Sustainable Impact Fund
• Harbour Sustainable NZ Shares Fund
• Harbour T. Rowe Price Global Equity Fund
• Harbour T. Rowe Price Global Equity Fund (Hedged)
• Hyperion Australian Growth Companies Fund
• Hyperion Global Growth Companies PIE Fund
• Integral Master Trust Focused Growth Fund
• Kernel NZ 50 ESG Tilted Fund
• Kernel NZ Small & Mid Cap Opportunities Fund
• Kernel S&P Kensho Moonshots Innovation Fund
• Lighthouse Global Equity Fund
• Mercer Responsible Global Shares Fund
• Mercer Responsible Trans-Tasman Shares Fund
• Milford Diversified Income Fund
• Milford Global Equity Fund
• Mint Australasian Equity Fund
• Mint Diversified Growth Fund
• Mint New Zealand SRI Equity Fund
• Nikko AM Global Shares Fund
• Nikko AM Global Shares Hedged Fund
• Nikko AM SRI Equity Fund
• NZ Funds Global Shares
• NZ Funds Income Generator
• NZ Funds Life Cycle - Age 0-54
• NZ Funds Life Cycle - Age 65
• NZ Funds Life Cycle - Age 75
• NZ Funds New Zealand and Australian Shares
• NZ Funds Wealth Builder - Growth Strategy
• NZ Funds Wealth Builder - Inflation Strategy
• OneAnswer SAC Equity Selection Fund
• OneAnswer SAC New Zealand Share Fund
• Pathfinder Ethical Growth Fund
• Pathfinder Ethical Trans-Tasman Fund
• Pathfinder Global Responsibility Fund
• Pie Australasian Dividend Growth Fund
• Pie Australasian Growth 2 Fund
• Pie Global Growth 2 Fund
• Pie Growth UK & Europe Fund
• QuayStreet Smartshares CIP NZ Core Equity Fund
• QuayStreet Smartshares CIP NZ Yield Equity Fund
• QuayStreet Socially Responsible Investment Fund
• Salt Core NZ Shares Fund
• Salt NZ Dividend Appreciation Fund
• Salt Sustainable Global Shares Fund
• Salt Sustainable Growth Fund
• Salt Sustainable Income Fund
• SBS Wealth Australasian Equity Portfolio
• Schroder Sustainable Global Core PIE Fund
• Schroder Sustainable Global Core PIE Fund (Hedged)
• Simplicity Balanced Investment Fund
• Simplicity Growth Investment Fund
• Simplicity Hedged Global Share Fund
• Simplicity High Growth Investment Fund
• Simplicity NZ Share Fund
• Simplicity Unhedged Global Share Fund
• Smart Australian Resources ETF
• Smart Automation and Robotics ETF
• Smart Global ESG ETF
• Smart Healthcare Innovation ETF
• Smart NZ Core Equity Trust
• Smart NZ Dividend ETF
• Smart NZ Property ETF
• Smart NZ Top 10 ETF
• Smart US Technology (NZD Hedged) ETF
• Stewart Investors Worldwide Leaders Sustainability Fund
• SuperLife NZ Dividend Fund
• TAHITO Te Tai O Rehua Fund
• Trust Management - ESG Australasian Share Fund
• Trust Management - ESG Balanced Fund
• Trust Management - ESG International Share Fund

Want to know more?

The discussion in the seminar below examines the case for divesting from alcohol and the arguments for a more selective approach.

There has been a strong campaign for stronger health warnings on alcohol labeling and annual surveys show that most Kiwis want to avoid alcohol in their investments. Or is there a way to use responsible investing for responsible drinking?