By RNZ
The market share for ethical investments is unlikely to increase unless consumers start voting with their feet, according to an ethical investment group.
A report by Mindful Money showed KiwiSaver investments in what it called harmful companies have hit a record $8.6 billion.
Funds invested in oil, gas and coal increased to $3.2 billion, with a doubling in exploration and new field development.
Mindful Money founder Barry Coates said almost 9 per cent of total KiwiSaver funding is aligned with companies invested in fossil fuels, gambling, alcohol, animal cruelty and areas of digital harm.