More and
more people are becoming unhappy with the way money is looked after
across the world. With the global economy teetering on the brink of a
deep and prolonged period of recession, it is only natural for
consumers to feel a certain degree of disenfranchisement towards those
entrusted with looking after their money and possessions. But, there is
a light at the end of the tunnel. There are some financial
organisations that actively pursue ethical policies, like the
Co-operative Bank. These ethical companies try to make money by only
investing in companies not involved in negative practices such as arms
dealing or destruction of the environment. So there are banks and
investment companies that have sound ethical policies. What about
insurance companies?
Insurance companies are a little behind. There are a few with green policies but many are not as green as they make out. There are some genuine companies however, such as Naturesave Policies Ltd, who offer home, car and travel insurance. Not surprisingly though, Co-operative Insurance leads the field in ethical insurance- in June 2005, they became the worlds’ first insurance company to release an ethical engagement policy. Their engagement policy is something created with direct input from their customers on what they feel is ethically and morally responsible for a company to invest in. As a massive corporate investor, the co-operative can put pressure on companies in their very own board rooms.
The Co-operative Insurance company also proves that ethical insurance needn’t be a less financially rewarding prospect- it was voted the best online car insurance provider for 2008 by the Your Money Awards. It also has a variety of benefits, including 30 days of EU cover free, which is perfect for driving holidays, and entitles you to exactly the same level of cover you would expect in the UK anywhere in the EU. For the ecologically minded, Co-operative will offset 20% of your car’s CO2 emissions as well. You’re also guaranteed a cheaper premium if you apply online, which could be as much as 10%. For car insurance UK drivers are saturated with providers and it’s worth rooting around to find the best.
Insurance companies are a little behind. There are a few with green policies but many are not as green as they make out. There are some genuine companies however, such as Naturesave Policies Ltd, who offer home, car and travel insurance. Not surprisingly though, Co-operative Insurance leads the field in ethical insurance- in June 2005, they became the worlds’ first insurance company to release an ethical engagement policy. Their engagement policy is something created with direct input from their customers on what they feel is ethically and morally responsible for a company to invest in. As a massive corporate investor, the co-operative can put pressure on companies in their very own board rooms.
The Co-operative Insurance company also proves that ethical insurance needn’t be a less financially rewarding prospect- it was voted the best online car insurance provider for 2008 by the Your Money Awards. It also has a variety of benefits, including 30 days of EU cover free, which is perfect for driving holidays, and entitles you to exactly the same level of cover you would expect in the UK anywhere in the EU. For the ecologically minded, Co-operative will offset 20% of your car’s CO2 emissions as well. You’re also guaranteed a cheaper premium if you apply online, which could be as much as 10%. For car insurance UK drivers are saturated with providers and it’s worth rooting around to find the best.
