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Our Annual Reports describe how the Fund has performed relative to its benchmarks and break down how our active investments have added value over the year.



Matt Whineray, Chief Executive Officer


Kia ora koutou,

During this challenging year we have remained firmly focused on the long term, introducing a new strategic plan with a refreshed organisational purpose and vision:

Our Purpose: Sustainable investment delivering strong returns for all New Zealanders


Our purpose, Sustainable investment delivering strong returns for all New Zealanders


And Our Vision: An inclusive team creating a better future through investment excellence


Our vision, An inclusive team creating a better future through investment excellence


Embedding sustainable investment into our purpose is an important shift for us.

To be clear, our focus on maximising returns without undue risk remains.

Our new purpose sends a clear message to our staff and stakeholders about the importance of achieving those financial returns in a sustainable way.

2022 was also notable for the steps we have taken towards adopting a sustainable finance approach, including our commitment to ensuring the NZ Super Fund is net zero by 2050.

We have hit our interim carbon reduction targets and remain on track to meet this goal, and commercially attractive opportunities to support the climate transition are being prioritised both domestically and abroad.

We’re also very excited to continue our focus on diversity, equity and inclusion within the team, as highlighted in our new vision.

We have more work to do on this and it will remain a priority over the next few years.

Other ongoing priorities include ensuring we have the technology expertise and systems we need to efficiently run a Fund of the scale and complexity of the NZ Super Fund.

Technology is becoming ever-more important to our organisation and investment activities.

One of the most pleasing aspects of this year has been the way the team has continued to pull together despite all the professional and personal challenges the COVID-19 pandemic has thrown at us.

Staff rate our workplace culture even better now than the good results we had before the pandemic.

I’d like to thank the team for their efforts and camaraderie, and look forward to another challenging but ultimately rewarding year ahead.

Ngā mihi nui, Kia ora rawa atu,

Ka kite anō


Logo of NZ Super Fund, Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa


Annual Report 2021/22 

Cover of the FY2021/22 Annual Report

Annual Report 2021/22

GRI Index 2021/22


Previous years

Annual Report 2020/21

GRI Index 2020/21

Annual Report 2019/20

GRI Index 2019/20

Annual Report 2018/19

GRI Index 2018/19

Annual Report 2017/18

GRI Index 2017/18

Annual Report 2016/17

GRI Index 2016/17

Annual Report 2015/16

GRI Index 2015/16

Annual Report 2014/15

GRI Index 2014/15

Annual Report 2013/14

GRI Index 2013/14

Annual Report 2012/13

GRI Index 2012/13

Annual Report 2011/12

GRI Index 2011/12

Annual Report 2010/11

Annual Report 2009/10

Annual Report 2008/09

Annual Report 2007/08

Annual Report 2006/07

Annual Report 2005/06

Annual Report 2004/05

Annual Report 2003/04

Annual Report 2002/03


Annual Reports include a Statement of Performance, which sets out how we performed against the strategic objectives set out in our Statement of Intent and annual Statement of Performance Expectations.

They also include a detailed overview of our governance and risk management processes, a dedicated responsible investment report, and a list of the external managers and custodians we used during the year. Annual Reports cover the year ended 30 June and are usually published the following October.

As part of our commitment to best practice disclosure we index our reports against the Global Reporting Initiative (GRI) criteria.

Global Reporting Initiative

We welcome feedback on our reports, send it to [email protected]