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WINTER 2018 David Yarrow Photographer and Philanthropist Money Personal finance / FIRE up your retirement Greater good Climate change / how the insurance industry is responding A life well lived Good living Car sharing / the future of transportation The magazine for MAS Members on mas / In this issue winter 2018 The information contained in OnMAS is of a general nature and should not be used or On the cover relied upon as a substitute for detailed advice or as a basis for formulating business decisions. The opinions of contributors are their own and not necessarily those of the publisher or editor. ©2018. All rights reserved. No part of this magazine may be reproduced in whole or part without the prior permission of the publisher. From MAS PUBLISHER MAILING ADDRESS Welcome to the new-look MAS OnMAS OnMAS magazine for 19 – 21 Broderick Rd PO Box 13042 winter 2018. We’ve themed Johnsonville Johnsonville this season’s edition Wellington 6037 Wellington 6440 around sustainability, to reflect the direction PHONE HEAD OFFICE that we’re taking MAS. 0800 800 627 +64 4 478 8863 Last year we introduced socially responsible WEBSITE EMAIL Wildlife photographer and ex-trader David Yarrow investing principles to mas.co.nz [email protected] talks capitalism and the environment all our managed funds 04 and reserves. EDITOR DESIGN Sophie Speer eightyone.co.nz This year we’re putting professional life 17 money a proposal to the AGM in August that MAS should THE CONTENT HUB 02 News briefs / Sustainability 17 Personal finance / FIRE establish a charitable For more stories, videos, and to share your views, 08 Profile / Breast up your retirement trust to make a lasting visit the MAS Hub at hub.mas.co.nz. The hub is the cancer imaging expert contribution to the health go-to site for features from OnMAS magazines, as well Dr Monica Saini and wellbeing of as helpful information and useful tips on all the things 12 Work / How to be mindful New Zealanders. that matter to us – and to you. You can easily share at work 32 stories from the hub with friends and family, see videos 26 Student news / Updates This month we’re also that delve deeper, and have your say on issues affecting from association presidents launching an online you and your community. 28 MAS in the wild / MAS version of OnMAS that Talks with David Yarrow features video stories, what offering a different take on SUSTAINABLE PRODUCTION some of our main articles – matters Every effort has been made to guarantee the pages greater good good living you’ll find these stories at most. of OnMAS are sustainably sourced and produced hub.mas.co.nz using paper that meets the environmental standards 04 Cover story / Wildlife 10 Technology / The future We’ve started our journey toward a more shown below. photographer and ex-trader of solar Enjoy our new-look sustainable future, and now our investments David Yarrow 23 Travel / Saving tigers in magazine – as always, reflect this commitment. We no longer invest 14 Climate change / How India we’re looking forward in the manufacture and sale of armaments, the insurance industry is 30 Motoring / Car sharing to your feedback. tobacco, or the exploration, extraction, responding 32 Food & drink / The growth refining and processing of fossil fuels. 20 Member story / of natural wines Mike Davy Are we dying from 36 Entertainment / What to MAS, General Manager Visit mas.co.nz or call us on embarrassment? read, watch and download Marketing 0800 800 627 for more information. ISBN 2230-5823 12 Photograph: David Yarrow on mas the magazine for mas members 1 P professional life / news briefs What’s on Fast facts Go FINDING MATARIKI / We created an infographic to help tell our SRI story. JUNE – JULY 2018 View the full-size graphic at hub.mas.co.nz carbon Matariki rising marks the start of the Māori News briefs New Year celebration this month (June). neutral The cluster of stars, also known as the On sustainability Pleiades, rises in midwinter, heralding the A Golden Bay-based start of a new year. This year the Matariki international non-profit cluster will be visible just above the horizon Socially $1.6bn Fashion Guide Responsible the amount MAS invests in an SRI manner. 1,099 is helping people go before the sun comes up from 6–9 July. individual companies zero carbon by selling Aotearoaethical New Zealand 2018 Investing owned by MAS in the global Jun 17 Aug 17 equities portfolio. MAS becomes MAS funds In brief carbon credits produced a UNPRI1 accredited signatory. by RIAA2. by community-based indigenous forest projects in New Zealand and the Pacific Islands. Ekos, founded by growth in the value of NZ funds managed using a SRI approach for the year 2016. Dr Sean Weaver, is looking iSav Kiw er P AS la M n to revolutionise the carbon 1 of 8 KiwiSaver market by making it easier providers 2,500% iwiSaver S K Pl signed up to A an to achieve zero carbon M UNPRI5. 1 of 7 345 KiwiSaver status for both individuals providers global companies signed up excluded from the and businesses while to RIAA4. United Nations MAS SRI equities NO Principles for $68tn mandate. Responsible assets under management. maintaining high standards. tobacco, Investment armaments represents: or fossil fuels. The Responsible Ethical Matariki events are being held across the Investment 200 Association 350+ members asset owners The first of its kind in New Zealand, country throughout June and early July. Australasia has: $5tn assets under UNPRI the Ekos 'Zero Carbon Now' threads Auckland’s festival will offer more than management. programme aims to link local 100 events across the region from Water bottles for good carbon offset buyers with local The fifth annual Ethical 30 June–22 July including dawn karakia, carbon projects that look after the Fashion report has been captivating kapa haka performances, Sep 17 RIAA 1,700 A Kiwi-based social enterprise is tackling one of the land and waterways. For example, released, seeing more waiata with some well-known wāhine toa, Blackrock3 starts UNPRI signatories in 2017, managing MAS up 14% from 2016. environment’s greatest threats – single-use plastic Ekos has teamed up with Golden than 400 brands which and kite-flying. In Wellington, Te Papa is SRI global equities. Mar 18 UN Secretary General bottles. For the Better Good is creating water bottles Bay's Rameka Forest Carbon are sold in New Zealand hosting its second annual Matariki Ritual, Under the calls climate change: 90 spotlight “the most companies are from renewable plant crops like corn, sugarcane and Project to sell the credits from its and Australia, assessed for which celebrates the new year as a moment Jan 18 responsible for Blackrock3 CEO, systemic threat potatoes. The new "Better Bottles" have a carbon 91ha carbon farm to offset buyers their labour rights by Baptist of renewal, on 15 June. Dunedin also has Larry Fink sends to humankind.” warning to major 2/3 corporates saying footprint 78% smaller than traditional plastic bottles. in the Nelson Tasman area. To get World Aid and Tearfund. a range of Matariki events from 16–22 July. of man-made they need to serve global warming a social purpose. emissions. The company is also taking responsibility for the entire started, head to ekos.org.nz and The report was first the temperature above pre-industrial levels UNITED life-cycle of the bottles they produce, arranging for use the calculator to find out the published in the wake of the CENTENNIAL CELEBRATIONS / +2 that we can’t exceed this century6. NATIONS composting of any bottles returned to them. size of your carbon footprint and fashion industry’s worst-ever JULY 2019 pay to offset it. A return flight from disaster where more than The Medical Women’s International Central Otago-based creator of Better Bottles, Jayden Auckland to Wellington would cost 1,000 garment workers died Association is turning 100 and is holding 1 United Nations Principles for Responsible Investment 4 responsibleinvestment.org Klinac, was travelling from Auckland to Wellington as little as $4.24 to offset, while after the Rana Plaza factory a Centennial Congress in July 2019 in 2 Responsible Investment Association Australasia 5 unpri.org 100m people live less than three feet above sea level. 3 World’s largest fund manager, based on funds under management 6 Paris Accord when he discovered he hadn’t brought his own reusable offsetting the emissions from collapse in Bangladesh. New York. The association (established bottle and became frustrated there wasn’t an option to driving a medium-sized car the Higher grades correspond in 1919 – making it one of the oldest buy a bottle that wasn’t made from oil. “They don’t have same distance would cost $8.57. to systems which reduce professional international bodies) represents refilling options at petrol stations, and I’m not exactly the risk of modern slavery, women doctors from all six continents. MAS AGM / going to stick my head under the sink,” says Klinac. child labour and exploitation. The centennial event will see women The Annual General This year 56 brands were academics, specialists, GPs and some Meeting for 2018 will Better Bottles are available at cafés and yoga studios given an A grade, including students from over 50 countries in be held on 29 August around the country, and almost 5,000 were used at last Kowtow, lululemon and attendance, with partners welcome too. in Auckland. Further year’s Tuki Festival in Wanaka. Klinac says they were Icebreaker, while 27 failed details will be sent blown away to see festival-goers refilling them all day the report with an F grade Enquiries for more information on the to Members.