How ethical and sustainable is Ecclesiastical?
The Good Shopping Guide’s Ethical Insurance Ratings Table includes Ecclesiastical; we have researched and rated this insurance company for its business ethics. The insurance provider has yet to fulfil our ethical requirements, but we believe that Ecclesiastical will make the necessary changes in the future to function as a more ethical insurance company and brand.
More information on the value of ethical insurance can be found in The Good Shopping Guide to Ethical Insurance Companies. Then, you can contrast Ecclesiastical with other insurance providers using our Ethical Insurance Ratings Table.
What does Ecclesiastical do?
Ecclesiastical Insurance was founded in 1887 as a building fire office to protect Anglican churches and church buildings against the risk of fire. The brand now offers a range of insurance, including faith-specific services across Ireland, Canada and the UK. Ecclesiastical is owned by Allchurches Trust Ltd.
For which criteria does Ecclesiastical perform poorly?
Ecclesiastical’s Environmental Report was given a poor grade in our research. Despite the additional ethical information on its CSR page, the brand’s annual report only contains a brief summary of its environmental accomplishments; this is unacceptable from a firm of this scale, and it earns a bottom rating. The company receives a middle rating for its responsible investment policy as well; according to the Ecclesiastical CSR page and Allchurches annual report, the company strives to avoid investing in things like tobacco, alcohol, gambling, and weapons, however, there is no mention of fossil fuel investments, earning the brand a middle rating.
Past Criticisms of Ecclesiastical’s ethical record
Ecclesiastical was criticised after failing to provide evidence during the Independent Inquiry into Child Sexual Abuse’s investigation into Anglican Church abuse. Read more on this story from the Insurance Post here (please be aware that this report contains details that some readers may find upsetting).
In what areas does Ecclesiastical score well for its ethics?
Ecclesiastical scores highly within the categories of Environmental Destruction, Irresponsible Lending and Political Donations with no known links or affiliations with any of these issues.
How can Ecclesiastical improve its Ethical Rating?
Ecclesiastical may apply for Ethical Accreditation from The Good Shopping Guide for more specific advice on how to develop and grow to be one of the best insurance companies, and improve its brand ethics. By improving its Environmental Report and including more specific targets Ecclesiastical could improve its Ethical Rating.
The Good Shopping Guide divides a brand’s Ethical Rating into three categories: the Environment, People, and Animals. Find more on how we rate and research Insurance brands here.
If you work for or with an insurance company that prioritises ethics, or if you’re searching for ways to strengthen your sustainability and CSR initiatives, why not take a look at The Good Shopping Guide’s Ethical Accreditation? This certification of ethics and sustainability has been profitable for big insurance companies like ETA and Aviva. Contact us or begin your Ethical Accreditation process by completing our brief initial ethical assessment form to learn more.
Ethical performance in category
GSG category benchmark
Carbon Disclosure & Reduction Targets
Responsible Investment Policy
= GSG Top Rating = GSG Middle Rating = GSG Bottom Rating