Andrew Bascand, managing director of investment management company Harbour Asset Management says new figures show $183.4 billion was channeled into companies with sound environmental and social practices in the year to the end of August.

"This is 40 per cent above the 2016 figure and is more than the $170 billion in all term deposits in New Zealand – and compares to the $50 billion invested in KiwiSaver," he says.

"You can see the tide is coming in and it will increasingly be the case that those companies who don't incorporate sustainable and responsible practices in the future won't attract capital."

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