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FINANCIAL SERVICES

Booster

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OUR PLEDGE

 

By mid-2019, we are committed to becoming an accredited Living Wage employer.

 

OUR IMPACT

 
  Carbon Conscious   Meridian continues to calculate and audit our carbon footprint, and we set targets for year on year reductions. We’ve adopted Cisco Jabber video conferencing to cut down on air travel and are changing our vehicle fleet to EVs.

Responsible Investment

Each year we offer seven responsible investment funds

Booster’s commitment to socially responsible investing ensures we help contribute to positive changes on a global scale, ensuring the ongoing protection of our natural resources and environment.

 
  Supporting Communities   Across our KidsCan, Kākāpō Recovery Programme and Community Funds Meridian gives an estimated $1.5m a year to supporting NZ communities. In addition, our campaigns are specifically created to raise awareness for those we support with strong call to actions to encourage others to donate and support.

Supporting Communities

Each year we donate $20,000 to help our communities

Booster supports a number of charities and initiatives. Through our partnership with Building Financial Capability Charitable Trust, we help Booster members facing hardship with free access to their services and support.

 
  Diversity Reporting   Meridian reports on gender balance across the business and specifically leadership roles. We support “Girls with High Vis” to actively encourage and support women into technical fields.

NZ Made

Each year we offer 48 NZ made funds

Booster is 100% Kiwi-owned and operated. All our KiwiSaver and Investment funds are managed in-house, and we offer specialist investment opportunities that support growing Kiwi businesses.

 
  Supporting Ecosystems   Our impacts on biodiversity are mostly managed through projects funded by Meridian, designed in collaboration with local stakeholders when our consents were originally granted. We also fund additional projects over and above what is described in our resource consents.

Recycling

Each year we divert 3300 kgs of recyclables from landfill

Booster has an ongoing commitment to reduce our impact on the environment. We are implementing robust recycling initiatives to help reduce office-generated landfill waste.

 

OUR SUSTAINABILITY JOURNEY

 

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“Kiwi investors are increasingly wanting to know that their investments are not doing any harm to the world and Booster is proud to be able to offer funds which reflect New Zealand’s strong value choices.”

— David Beattie, Chief Investment Officer

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“At Booster we are on a mission to increase the financial resilience of all New Zealanders.  That’s not just about having more money in your pocket. It’s also about being part of a community that fosters resilience.  That’s why we invest into local businesses and support community groups – because working together we can achieve a lot more.”

— Diana Papadopoulos, Marketing Strategist

 

Booster’s philosophy has always been centered around responsible investing – something we’ve been doing for over 20 years. But it’s not enough to tell our investors about our responsible investing ethos – we need to live it as well.

Seven of our socially responsible Investment (SRI) funds have been certified as ethical investment funds by RIAA – the industry body representing responsible and ethical investors across Australia and New Zealand.With specific exclusions in place, Booster's SRI funds give people the opportunity to align their investments even more closely with their personal values. 

We apply this SRI lens to our KiwiSaver Default Saver fund too – any member who is in our default fund can rest assured that their money is not being invested in controversial activities or industries.

We’re also currently assessing what is required to have all of our other investment funds certified by RIAA under our broader Responsible Investment philosophy.

We want to ensure there is synergy between our fund management policy and our internal operations; and we care about giving back to our local community. Recently, we helped the Nikau Foundation reach their $20,000 PledgeMe campaign for the Wellington Resilience Fund; and we’ve also invested in Auckland Council’s issue of a certified Green bond to finance the development of Auckland’s electric train network.  

We’ve also set up a specialist investment fund, Tahi. Through Tahi, we’re partners with privately-owned NZ businesses – working together, sharing advice and experience to help grow Kiwi companies. This keeps jobs and profits right here in NZ.

Our focus on socially responsible investing ensures we help to contribute to positive changes on a global scale, ensuring the ongoing protection of our natural resources and environment. We’re thrilled that this commitment has resulted in us being the first business to receive Conscious Consumers’ new Responsible Investment badge.

 
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