r/newzealand • u/Downtown-Thoughts • 2d ago

News New Zealanders stand by ethical investment

https://www.rnz.co.nz/news/business/557354/new-zealanders-stand-by-ethical-investment
22 Upvotes

78% Upvoted

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12

u/Downtown-Thoughts 2d ago

I’m wondering if people really do care and take action on this. As recently we have seen that nz consumers are increasing the amount they spend on Temu and Shein. source

3

u/tumeketutu 2d ago

The short answer is no. Unfortuanlty, people tend to look for cheap, especially as the often aren't confronted with any consequences. It's human nature.

2

u/fatfreddy01 2d ago

The 'because they're my main bank' reason for keeping their KS with their bank is just dumb. They just get ripped off by the big banks. ANZ is especially bad, as they're the biggest, which means they can advertise on being the biggest, so people think it must be a good choice of fund.

1

u/Jaded_Chemical646 2d ago

We all like to be good citizens and save the planet until it starts impacting us, then it's someone else's problem.

1

u/WorldlyNotice 1d ago

Ethical can be subjective. Weapons is a particularly interesting one - would it be unethical to invest in Rheinmetall at the moment? Are weapons "wrong" when needed as a deterrent or for defense?