Ethical Finance Worth £9bn
Latest ethical consumerism figures from the Co-op show ethical investment and finance rising strongly
29th December 2004
Investment in ethical banks, credit unions and other ethical vehicles has increased by 18% according to new figures from the Co-operative Bank Ethical Purchasing Index (EPI), and is now worth a total of £9bn.
The report shows all aspects of ethical consumerism performing strongly, and the total worth of the ethical market is now £25bn, a rise of 40% over the last 5 years.
Of particular interest to the corporate world is the cost of ethical boycotts - consumers avoiding a specific company for ethical reasons - which has risen by 25% to £3.2bn.
Melanie Howard, Director of the Future Foundation, says:
"The results of this year's research should act as a warning to business to take their environmental and social responsibilities seriously. Consumers are sending a strong signal that they are increasingly prepared to reward good corporate citizenship"
Read More: Co-op Press Office
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Products from Co-op Bank : Co-Op Travel Card, Co-op Advantage Platinum, Co-op Clear Card, Co-op Unsecured Loans, Co-operative Bank Car Loans |
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More on Ethical Finance : Smile Launches Discount Tracker Mortgage (News, 25/05/2006), Ethical Savings and Investment Worth £10bn (News, 04/08/2005), Co-op Launches New Ethical Engagement Policy (News, 28/06/2005), CIS Launches First 'Ethical' CTF (News, 01/03/2005), Ethical Boycotts Cost Business £2.6bn a Year (News, 09/12/2003) |
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