AXA KiwiSaver Scheme and Superannuation Master Trust Responsible Investment Policy

Responsible investment, including environmental, social and governance considerations, is taken into account in the investment policies and procedures of the Scheme as at the date of this Investment Statement to a limited extent as follows.

Currently, the Scheme invests into a superannuation scheme known as Superannuation Master Trust, which then invests into a range of unit trusts under a master trust known as Client Unit Trust. Where possible a policy of excluding investment in selected companies involved in the production or sale of whale meat or landmines is applied to the investments of Client Unit Trust.

Further, delegated fund managers are required to have an active policy on voting shares, which means that those delegated fund managers must always consider exercising any voting rights they hold.