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
Royal London
Green/Ethical Products
- Ethical Bond Fund
- Scottish Life UK Ethical Pension Fund
Ethical Lending or Insurance
The company has no ethical policy with regard to who it will or will no insure.
Responsible Lending
Royal London does not lend to its customers.
Financial Exclusion
The company states that it offers information in the following accessible formats: large print, Braille and recorded translations. It does not offer any products or other services to financially excluded customers or groups.
Environment
No clear commitment to continued improvement of environmental performance was found, neither are the key issues of energy efficiency and waste management addressed in available literature.
However, the company has stated that an environmental policy is in development.
Carbon Neutral
The company states that it aims to make its business operations carbon neutral but has not set a date on it.
Equal Opportunities
The company’s policy addresses the key areas of gender, race, disability and sexuality.
Women on the Board
20% (Group Executive Committee)
Voluntary Standards & Initiatives
Royal London is not a signatory of any relevant charter or initiatives.
Charitable Giving
Royal London donated 0.04% of its pre-tax profits in 2007.
Royal London
- Investments
- Insurance (Home, Motor, Pet)
Royal London
Royal London
Customer Relations
Royal London House
Alderley Road
Wilmslow
SK9 1PF
