The Co-operative Bank and Insurance companies have a responsibility to their clients and the communities they serve to engage in ethical investment and insurance practices. Unfortunately, these institutions are currently investing in and insuring global corporations, Israeli products and companies, including those linked to the arms industry.

 

This petition calls for the Co-operative Bank and Insurance to divest from these harmful investments.

 

Co-operative Bank and Insurance must follow the lead taken by the Co-op which has officially joined a number of global brands boycotting Israel, following a vote by its members calling for the supermarket to demonstrate “moral courage and leadership” by removing Israeli goods from its shelves.

 

Source: https://palestinecampaign.org/press-release-co-op-moves-to-boycott-israeli-goods-in-major-bds-victory/

The ongoing conflict involving Israel has resulted in significant human rights concerns, as identified in a recent UN report by Francesca Albanese. This report calls attention to the need for heightened scrutiny and accountability within investment and insurance practices. By continuing to support these industries and entities, the Co-operative Bank and Insurance are complicit in funding and perpetuating human suffering and conflict.

 

A/HRC/59/23: From economy of occupation to economy of genocide - Report of the Special Rapporteur on the situation of human rights in the Palestinian territories occupied since 1967: https://www.ohchr.org/sites/default/files/documents/hrbodies/hrcouncil/sessions-regular/session59/advance-version/a-hrc-59-23-aev.pdf

 

Furthermore, investing in arms companies contributes to global violence, instability, and a climate of fear. Divestment from these industries is not only a moral imperative but aligns with a growing movement towards ethical finance.  

 

Reference: https://thegoodshoppingguide.com/brand-directory/the-co-operative-insurance/

 

Divestment is a tangible step towards a more peaceful and just world. The Co-operative Bank and Insurance can lead by example by withdrawing their investments from global corporate entities, arms companies and Israeli entities linked to the conflict and commit to reinvest in industries that promote sustainability, innovation, and the well-being of all people.

 

Sign this petition to urge the Co-operative Bank and Insurance companies to divest from Israeli and arms-related investments. Encourage them to align their investment strategies with ethical and peaceful practices for a better future for all.