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 Responsible investment scheme launchedWednesday 21 July 2004 Royal Bank of Scotland back BTC pipelineFriday 06 February 2004 FTSE4Good raises human rights criteria.Monday 14 April 2003 Brown set to raise green taxes.Thursday 24 October 2002 Climate change to cost $150bn a year – UN.Wednesday 09 October 2002  |
Monday 28 February 2005 The ethical performance of finance companies is now becoming an increasingly important consumer issue. Within the insurance industry, ‘ethical performance’ generally refers to issues such as investigating where money is invested etc. However the more general view of ‘ethical performance’ relates to the relationship between the industry and sustainable development. More insurance companies are now looking at a more comprehensive approach to ethics. The increase in extreme weather conditions around the world has prompted insurance companies to look at the causes and effects of climate change, in order to re-evaluate calculations which were traditionally based on past findings. Dealing with the problem at source makes more sense than simply increasing rates every year. Therefore both the environment and consumers benefit from the ethical practices of insurance companies. Personal Finance Monday 28 February 2005 Like all ethical oriented finance schemes, ethical insurance companies are not involved in amoral practices such as environmentally-damaging acts, humanity crimes, animal abuse, arms trading, neither do they deal with other companies with such involvements. Some ethical insurers fund environmental and animal protection charities, ensuring their ethical stance is upheld. The market for ethical investment and banking grew from £6.3bn in 1999 to £7.7bn in 2000. |
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