NZ Super Fund scores 100 percent
POSTED ON: 3 July 2023
The New Zealand Super Fund has been awarded a perfect score in the latest GSR (governance, sustainability, resilience) scoreboard published by international sovereign wealth fund experts GlobalSWF.
The Super Fund shares the top spot in this year’s list with Singapore’s Temasek, Canadian pension fund Caisse de dépôt et placement du Québec, and Nigerian sovereign wealth fund NSIA.
It is the second successive year the Super Fund has topped the GSR scoreboard.
Introduced in 2020, Global SWF’s GSR scoreboard ranks sovereign wealth funds and public pension funds against 25 criteria including transparency and accountability, governance structure and processes, ethical standards and policies, and alignment with sustainable development goals.
The Super Fund’s latest success comes a month after Global SWF named it the past decade’s best financial performer of 50 leading sovereign wealth funds, with an annualised return of 12.1 percent between FY13 and FY22.
Anne Maree O’Connor, Head of Sustainable Investment at the NZ Super Fund, said the twin successes supported the Guardians’ decision to integrate a sustainable finance approach into its investing.
“These results demonstrate that we can advance sustainability outcomes while at the same time fulfilling our financial purpose and delivering strong returns for all New Zealanders.”