Pathfinder Asset Management focuses on responsible investment in global assets. Its investment approach revolves around people, planet, principles and profit. It looks to provide great returns that have a responsible, positive and sustainable impact.
With a goal of becoming New Zealand’s most ethical KiwiSaver provider it launched CareSaver in July 2019. It donates 20% of the income it earns from CareSaver management fees to a group of 17 charities working on social and environmental issues. This provides a passive, long term and sustainable annual income that supports those charities to increase the impact of their work.
In March 2020 Pathfinder donated $20,000 to the group of charities. It’s aiming to increase that to $100,000 in 2021. Ultimately it plans to secure 2% of the KiwiSaver market which would mean an annual donation of more than $2 million.