That constitutes change. We need only remember that as recently as 2016 several default KiwiSaver schemes were, embarrassingly, found to be investing in companies in the business of both mines and cluster bombs.

It seems those revelations shook up the investment industry. According to the latest report from the Responsible Investment Association of New Zealand and Australia (RIAA) "a responsible approach to investing ... is now the expected minimum standard of good investment practice in New Zealand".

Numbers appear to bear that out.

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