SOCIALLY RESPONSIBLE INVESTMENT

Motion Text

That this House commends the approach taken by the Co-operative Insurance Society in applying the principles of socially responsible investment across its entire ú26 billion portfolio; recognises the success of taking socially responsible investments to the widest public audience by ensuring all the 365,000 ISAs the society has sold since their launch are invested in a socially responsible way but also all the other investments made on behalf of its 4.5 million customers; further notes the potential that this investment strategy has in promoting best practice in corporate governance and business practice both in the UK and worldwide; and calls upon the Government to repeat the principled stand it took on trust-based pensions by ensuring that people who take out stakeholder pensions are aware of the ethical stance taken by the funds they invest in.