Profile

Product Name	Mercer KiwiSaver Cash Fund
Issuer	Mercer (N.Z.) Limited
Category	KiwiSaver
Type	KiwiSaver
Target	Retail
Certified Since	2018

Asset Classes	Diversified / Multi-asset
Markets	New Zealand
Investment Approaches	ESG Integration, Negative Screening
It Includes:	Green property Renewable energy and climate change solutions Sustainable land and agricultural management
It fully excludes:	Armaments Tobacco
Broker	Responsible Returns
URL	https://www.responsiblereturns.com.au/investment-options/mercer-kiwisaver-cash-fund-1/profile

Overview

Responsible investment, including environmental, social, and governance considerations, are taken into account in the investment policies and procedures of the scheme as at the date of this product disclosure statement. You can obtain an explanation of the extent to which responsible investment is taken into account in those policies and procedures at the issuer’s Internet site at www.mercerfinancialservices.co.nz The responsible Investment Policy can be found on the above webpage, or by following this link: https://secure.superfacts.com/web/IWfiles/attachments/Form/Mercer_Funds_Responsible_Investment_Policy.pdf

Description

The Mercer KiwiSaver Cash Fund is governed by the Mercer New Zealand Responsible Investment Policy. As stated above, we believe environmental, social and governance (ESG) factors can have a material impact on long term risk and return outcomes and should be integrated into the investment process. For this reason:

the investment managers appointed are encouraged to consider ESG factors in assessing investment risk and opportunities, as relevant to the type of investment.
the principals of active ownership and investment stewardship are incorporated throughout our investment decision making and ownership practices, as documented in the Mercer Responsible Investment Policy.

Current Exclusions

As at the date of this policy, Mercer (NZ) Ltd has determined that the following products should be excluded on this basis:

Companies involved with the production or manufacturing of controversial weapons. Further detail below.
Companies manufacturing tobacco products who derive 50% or more of revenue from tobacco-related business activities
All companies involved in the production and retailing of automatic and semi-automatic civilian firearms

The specific exclusions are currently as follows: Companies that manufacture whole weapons systems, components, or delivery platforms, or components that were developed or are significantly modified for exclusive use in cluster munitions, anti-personnel landmines, biological and chemical weapons or nuclear weapons. Nuclear weapons companies include companies: i) with contracts to operate/manage government-owned facilities that manufacture nuclear warheads and missiles or components for nuclear warheads and missiles, such as fissile materials, non-nuclear components, explosives, triggers and detonators, etc. ii) that assemble and integrate warheads and missile bodies; iii) that provide auxiliary services related to nuclear weapons, such as repairing and maintaining nuclear weapons, providing overhaul and upgrade services (including engineering), stockpiling and stewardship, R&D work, testing and simulations, etc. iv) with contracts to operate/manage government-owned facilities that conduct R&D, testing, simulations, and other essential sciences on nuclear weapons

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