What's important about the policy
This policy is part of our commitment to making Kiwi better off. We will not enter business relationships with entities that are directly involved in or that earn most of their business revenue from an excluded sector. People who work for these businesses can still bank with us.
We want to support businesses operating in sensitive sectors to mitigate the relevant risks in their sector. We will work with businesses in these sectors to assess how they’re mitigating the risks before we proceed.
Excluded & sensitive sectors
Gambling |
Excluded sectors Casino operation – businesses with a casino. Sensitive sectors Class 3 and 4 gambling venues and operators (gaming machine operators and higher stakes lotteries and sweepstakes). |
Fossil fuel |
Excluded sectors Production, manufacturing and extraction of coal, oil and natural gas. Sensitive sectors Wholesalers, distributors and retailers of petrol and diesel. |
Defence |
Excluded sectors Manufacturers, distributors and retailers of:
Sensitive sectors Designing, building, testing and servicing infrastructure or equipment for any Defence Excluded Sectors. |
Non-medicinal & recreational drugs |
Excluded sectors Manufacturers and producers of synthetic drugs including:
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Predatory lending |
Excluded sectors Lenders offering high-interest rate loans of more than 50% p.a. |
Tobacco |
Excluded sectors
Sensitive sectors
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Private prisons |
Sensitive sectors
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Adult entertainment |
Sensitive sectors
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Alcohol |
Sensitive sectors Wholesalers, distributors, or retailers who generate their revenue from the sale of alcohol through an ‘off-licence’. |
Mining |
Sensitive sectors
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Horticulture (including viticulture) Recognised Seasonal Employer (RSE) Employers |
Sensitive sectors Fruit orchards and grapevine cultivation operations that engage workers under the Recognised Seasonal Employer (RSE) scheme. |
Recognising the complexity and evolving nature of banking, we aim to avoid unintended negative consequences from our decisions. Therefore, we regularly review our Responsible Business Policy to align with the environment that we operate in. We have discretion to make exceptions to this policy and processes for handling uncertainty and case-by-case decision making
Download the Responsible Business Policy.