Is The Co-operative Banking Group Really That Good with Money?

Date: 24th October 2011 Have you been misled by The Co-operative? The following investments contradict the Co-operative banks Ethical policyi, which states the Co-operative will not finance: any organisation that advocates discrimination and incitement to hatred the manufacture or transfer of indiscriminate weapons organisations that fail to implement basic labour rights as set out in the Fundamental ILO Conventions organisations that take an irresponsible approach to the payment of tax in the least developed countries organisations that impede access to basic human necessities any business whose core activity contributes to global climate change

The Co-operative investments CIS European Growth Trusts holdings include: Nestle Sa 3.51% of trust total (Aug, 2011) see wiki on Nestl boycottii alleged to have promoted its baby formula products over breastfeeding unethical marketing of infant formulaiii Nestl misinterprets the International Codeiv

Roche Holding Ag 4.56% of trust total (Aug, 2011) vitamin price-fixing 1970s 1990sv allegedly sought to control the price of Tamiflu in 2005vi

BNP Paribas 3.48% of trust total (Aug, 2011) accused & fined in 2010 for charging an unjustified 0.043 fee on 80% of the checks exchanged in France between 2002-2007vii invested 13.5 billion euros in the nuclear sectorviii

The Co-operative investments CIS Sustainable World Trusts holdings include: Wells Fargo & Co 2.55% of trust total (Aug, 2011) accused of steering Blacks and Latinos into high-cost subprime loans (2009)ix multiyear campaign to boost revenue from overdraft fees that amounted to "gouging and profiteering."x

Johnson & Johnson 3.33% of trust total (Aug, 2011) paid kickbacks to the nations largest nursing home pharmacy to increase the number of elderly patients taking the anti-psychotic Risperdalxi

The Co-operative investments CIS Sustainable Diversified Trusts holdings include: SABmiller 1.59% of trust total (Aug, 2011) ActionAid estimates that it is ripping off poor countries in Africa to the tune of 20 million a yearxii

The Co-operative investments CIS US Growth Trusts holdings include: Boeing Co 3.00% of trust total (Aug, 2011) illegal hiring of government officials and improper use of proprietary informationxiii received billions of dollars in illegal government subsidiesxiv involved in the construction of a US/Mexico border fence that would divide tribal landxv, ignore environmental lawsxvi alleged involvement with CIA extraordinary rendition flights via Jeppesen subsidiaryxvii allegedly punishing union workers by shifting a proposed new plant to another statexviii

Exxon Mobil 3.79% of trust total (Aug, 2011) supports organisations that have been, according to a 2006 Royal Society letter, misinforming the public about the science of climate changexix in 2009, the Guardian newspaper revealed Exxon was still funding global warming scepticsxx accusations of Exxon Mobil human rights violations in Indonesia.xxi On July 8, 2011, the Court of Appeals for the District of Columbia Circuit ruled that the lawsuit against ExxonMobil for human rights abuses can go forward.xxii Exxon Mobil Pipeline Spills Oil Into Yellowstone River (July, 2011)xxiii

You can see the available Co-operative investments Pdf Fact Sheets at: http://www.cooperativeinvestments.co.uk/servlet/Satellite/1204529929121,CFSweb/Page/Investmen ts-UnitTrustsAndISAs?WT.svl=copy Please review the numbered sources below. All information in this document is freely available on the World Wide Web.

http://www.goodwithmoney.co.uk/ethical-banking/ https://secure.wikimedia.org/wikipedia/en/wiki/Nestl%C3%A9_boycott iii http://info.babymilkaction.org/sites/info.babymilkaction.org/files/Aid%20Agencies%20in%20Laos% 20refuse%20to%20apply%20for%20Nestle%20cash_30%20May%202011.pdf iv http://www.ibfan.org/art/icdcnestleinstructions.pdf v http://www.guardian.co.uk/business/2001/nov/25/businessofresearch.research vi http://www.guardian.co.uk/business/2005/oct/23/birdflu.medicineandhealth vii http://www.autoritedelaconcurrence.fr/user/standard.php?id_rub=368&id_article=1472 viii http://www.nuclearbanks.org/#/nuclear%20banks/bnp%20paribas ix http://www.reuters.com/article/2009/07/31/us-wellsfargo-illinois-lawsuit-idUSTRE56U6Q920090731 x http://agonist.org/numerian/20100812/the_checking_account_scam_how_wells_fargo_gouged_its_customers xi https://www.nytimes.com/2010/01/16/business/16drug.html xii http://www.actionaid.org.uk/102031/SAB_guide.html xiii http://www.contractormisconduct.org/index.cfm/1,73,222,html?CaseID=300 xiv http://archive.chicagobreakingbusiness.com/2010/09/wto-report-cites-illinois-tax-breaks-to-boeing.html xv http://news.newamericamedia.org/news/view_article.html?article_id=c17899ed7975f1ada871e1da0c8b52f2 xvi http://web.archive.org/web/20080414005257/http://www.latimes.com/news/nationworld/nation/la-nafence2apr02,0,5819252.story xvii https://secure.wikimedia.org/wikipedia/en/wiki/Jeppesen#Alleged_involvement_with_CIA_extraordinary_rendition_ flights xviii http://www.alaskadispatch.com/article/boeing-sued-feds-over-allegedly-punishing-labor-unions xix http://image.guardian.co.uk/sys-files/Guardian/documents/2006/09/19/LettertoNick.pdf xx http://www.guardian.co.uk/environment/2009/jul/01/exxon-mobil-climate-change-sceptics-funding xxi https://secure.wikimedia.org/wikipedia/en/wiki/Accusations_of_ExxonMobil_human_rights_violatio ns_in_Indonesia xxii http://www.cohenmilstein.com/cases.php?CaseID=110 xxiii https://www.nytimes.com/2011/07/03/us/03oilspill.html?_r=1
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