Co-operative Insurance supports bus workers

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Co-operative Insurance supports bus workers

Co-operative Insurance has come out in support for shareholder action by First Group bus workers.

The First Group workers are calling for the company to adopt a workplace human rights policy based on the Labour Organisation conventions.

Workers will debate the resolution, with the backing of Co-operative Insurance, at a First Group meeting in Aberdeen next month.

Ian Jones, head of responsible investment with the Cooperative Insurance Society, said: "As a long-term shareowner, we are concerned to see that companies adopt best practice human resource policies which respect employee rights, and encourage constructive resolution of conflicts."

In June 2005 Co-operative Insurance launched a customer-led ethical policy to guide aspects of its investments.

Co-operative Insurance is concerned that its corporate reputation could be a "decisive factor" in the company's long term performance.

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