At the JUNO KiwiSaver Scheme, it’s important to us to consider environmental, social and governance (‘ESG’) issues when we invest. For us, that includes not investing in companies making firearms.

It’s not a new policy. JUNO has excluded companies involved in making firearms – and other controversial weapons such as cluster munitions - since we launched in August 2018.

The exclusion is part of our ESG policy, our public statement about how we include ESG issues in our process for investing your hard-earned money.

Our firearms exclusion is particularly focused on companies making assault weapons for civilian use. It also excludes companies making components designed to increase a firearm’s rate of fire.

Our decision to exclude firearms was made by our ESG committee. While most of our exclusions are based on New Zealand law and other policy positions taken by the New Zealand Government on behalf of all Kiwis, we excluded companies making firearms simply because we’ve decided we don’t want to invest in them.

You can read our full list of exclusions and the reason for each here.

There are many names for this type of investing. Some call it socially responsible, some call it ethical. At JUNO, we don’t give that label to what we do. We believe ethics are personal and we can’t suit everyone’s view of right and wrong. 

But we do make sure we clearly explain the decisions we have made on environmental, social, and governance grounds. That way, potential and existing members can check our decision against what they think is the right thing to do.

You can read our full ESG policy here.

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Published 25 March 2019

Pie Funds Management Limited is the issuer of the JUNO KiwiSaver Scheme. You can read our Product Disclosure Statement here. This article is general in nature only and has not taken into account any particular person’s objectives or circumstances. We recommend you speak with a financial adviser. All content is correct at time of publication date.