Insurance Overview
Insurance companies supply services to a wide variety of customers, from everyday consumers to large corporations.
But do they have guidelines or policies as to who they will and won't insure? Do green and ethical considerations feature in insurance companies' risk assessments?
Might they, for example, offer coverage to munitions factories or companies with significant operations in countries with oppressive regimes? Or might they insure others with poor labour or environmental records?
Green and ethical insurance products
Green and ethical insurance products
For home, motor, travel, life and health insurance, there is a small but growing number of green and ethical insurance products available. A selection is below:
- Co-operative Insurance
Insurance type: home, motor, life and health
This provider has a comprehensive ethical engagement policy in place that governs all its insurance decisions. The Co-op's 'ecoinsurance' scheme offers cash incentives as well as environmental pledges. It offsets the equivalent of 20 per cent of the CO2 from every vehicle insured and also offers premium discounts for greener cars. - Climate Sure
Insurance type: travel
Climate Sure calculates the CO2 produced by flying overseas and pays for it to be 'offset' by funding sustainable energy projects. - Green Insurance Company
Insurance type: motor
This provider aims to offset your car's carbon emissions and offers discounts on greener cars/lower mileage. - Naturesave
Insurance types: home, travel, personal accident and illness
This company puts 10% of its personal insurance premiums in a fund (Naturesave Trust) to benefit environmental and conservation projects. It also offers a free environmental performance review for commercial clients and aims to use suppliers that support sustainable business practices. - Ansvar Insurance Co Ltd
Insurance types: home, motor, travel
Insurance is sold to individuals and organisations with a not-for-profit remit.
Your next steps
What do you do now? Check out our guide Next Steps - Insurance for suggestions on how to give your insurance policies a green and ethical makeover as well as the questions you should be asking your current or prospective insurance provider.
Insurance Search
Insurance Provider
Coventry Building Society
Green/Ethical Products
No evidence of specifically green or ethical products found.
Ethical Lending or Insurance
Not applicable. As a mutual building society, Coventry Building Society's business is with private individuals. It does not offer lending or insurance to businesses.
Human Rights
Not applicable. As a mutual building society, Coventry Building Society's business is with private individuals. It does not offer lending or insurance to businesses.
Financial Exclusion
- Fitted automatic or power-assisted doors.
- Removed steps and replaced them with ramps.
- Improved the layout within the branches to allow space for manoeuvring wheelchairs.
- Wherever possible our cash machines have wheelchair access and audible keyboards.
- Large print.
- Braille.
- Audio Tape
No evidence that the company provides direct financial support to or engages in partnerships with Credit Unions and CDFIs (Community Development Finance Institutions).
No evidence found of Conventry Building Society’s involvement in any microfinance (or microinsurance) projects.
No evidence found that the company invests in or lends at lower rates to financially excluded communities.
Environment
Coventry Building Society’s environmental policy covers the key areas of climate change, energy efficiency and waste management but not water use.
Committed to improving its environmental performance with polices such as the installation of smart meters across the societies offices.
Carbon Neutral
No commitment to become fully carbon neutral was found.
Equal Opportunities
No information found on the company’s diversity policy.
Women on the Board
UK Company:
2/11 women hold top level board positions (18%).
Voluntary Standards & Initiatives
No membership of any relevant charters or initiatives found.
Charitable Giving
275 organisations supported by Society staff volunteers and fundraising in 2012, with total community investment rising to £2.3 million.
Coventry Building Society supports small charities, local Age UK branches, schools and small community groups, mainly through employee volunteer activities. It also runs a programme focused on financial literacy.
Coventry Building Society
- Current Accounts
- Savings
- Mortgages
- Pensions
- Insurance (Home, Contents, Landlord, Mortgage and Income, Travel)
Coventry Building Society
Coventry Building Society.
Registered Office:
Economic House,
PO Box 9,
High Street,
Coventry,
CV1 5QN.
