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“Ethically unsound” insurance companies attacked

UK insurance companies are failing to take environmental and social issues seriously, according to a new report by Friends of the Earth.


The report contains a league table of insurance companies and their environmental policies.


FoE is urging insurance companies to pressurise the companies they invest in to clean up their acts.


FoE policy and campaigns director Tony Juniper says: “The vast majority of investment decisions are made with only one thing in mind- a search for fast returns, but the search for a quick buck no longer makes social or even financial sense.”

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