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Today's Climate Change Commission release

The key changes from the draft report to the Government are:

  • Historic emissions have been revised up – we are at a tougher starting point
  • Lower uptake of electric vehicles forecasted
  • Revisions lower the estimates of primary sector herd reductions
  • Increased ambitions on waste
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Jorge Waayman | Posted on Jun 9, 2021
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It’s not easy being green

  • The Climate Change Commission’s final advice to the Government is due to be released next Wednesday. This follows a review of interested party submissions and feedback from the initial draft report.  
  • We do not see the key draft recommendations changing, but at the margin we might see some alterations to the Commission’s recommendations.  
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Craig Stent | Posted on Jun 4, 2021
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Social Spotlight I: Video

In relation to our first Social Spotlight research installment, Manager, ESG Research, Jorge Waayman sits down with Executive Director, Ainsley McLaren to discuss some of the initial findings. 

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Jorge Waayman, Ainsley McLaren | Posted on Mar 26, 2021
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Social Spotlight I: Employee Engagement

  • Employee engagement, among larger NZX-listed corporates, was assessed through company reports and a survey.
  • We found a low level of disclosure on employee engagement scores, turnover and absenteeism with comparability between companies difficult.
  • The majority of companies that did disclose showed improvements in their employee engagement scores and turnover, but not absenteeism.
  • Sector dispersion is evident with the IT, Communication and Consumer Staples companies showing the greatest improvement in employee engagement survey
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Jorge Waayman | Posted on Mar 16, 2021
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ESG themes from company reporting season

  • Health and safety are being prioritised in response to COVID-19
  • Companies are broadly improving gender diversity and pay gap disclosure
  • There is a rising alignment with climate change reporting framework
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Jorge Waayman
Jorge Waayman | Posted on Sep 10, 2020
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Lifting the bonnet: Electric vehicle adoption, or a lack thereof?

Key Points

  • Electric vehicle (EV) adoption, among larger NZX-listed corporates, was assessed through a quantitative and behavioural survey
  • There is low EV penetration in company fleets, on average, with significant dispersion between industry sectors
  • Reputation benefits are ranked as the most important driver of EV transition
  • A lack of suitable EV models is rated as the largest barrier to adoption, even above cost
  • A majority of the companies surveyed had immediate plans to invest in more EVs, however this has likely changed in light of COVID-19
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Jorge Waayman
Jorge Waayman | Posted on Jul 1, 2020
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Ethical investing: walking the talk

In recent times, perhaps more visibly prior to COVID-19, it has been satisfying to see growing interest in, and demand for, ethical investment products.  Ethical is the term most often used by New Zealand investors[1], whereas fund managers like Harbour use terminology such as “ESG” (Environmental, Social and Governance) and others might refer to “Responsible Investing”.

Taxonomy issues aside, what one investor considers ethi...

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Ainsley McLaren | Posted on Apr 24, 2020
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Findings from Harbour's carbon emissions research project

Key points
  • 26 companies of the 55 studied disclosed emissions data (47%)
  • There was wide variation in the quality of disclosure from companies
  • Of the companies that disclosed, 52% had emissions on a decreasing trend
  • Most companies record their emissions themselves and have no third-party verification
  • Technological advancement is key with innovation in electrification, carbon capture and storage, and software solutions
  • The Zero Carbon Bill, the Paris Agreement and the Emissions Trading Scheme are all important policy settings aimed to help decrease carbon emissions
  • The Task Force on Climate-related Financial Disclosures (TCFD) recommendations are an increasingly popular framework for companies worldwide to report against, to ensure their climate change disclosure is meeting the needs of their investors.
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Jorge Waayman
Jorge Waayman | Posted on Nov 14, 2019
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4 sustainability trends from the latest company reporting season

Key points:

  • Sustainability disclosure has improved
  • Key focuses include climate change, diversity and waste
  • Real world impact alignment on the rise
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Jorge Waayman | Posted on Sep 13, 2019
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Sustainability is Good for Returns

Harbour has been a signatory to the UN Principles of Responsible Investing since 2010 and is also a member of the Responsible Investing Association of Australasia.

Harbour is adding sustainability as an investment mega trend in our equities process
We continue to find integration of ESG factors is a positive factor for returns
An additional overlay of sustainability as a mega trend influence may provide better interaction an...

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Shane Solly | Posted on Jun 27, 2019