The Co-operative says it is becoming the first ever "ethical" insurer. It's part of a wider plan to boost the ethical standing of the group.
The actual operations of the insurance policies won't change. Instead the move affects the underlying assets of the company: a total of £18 billion worth of investments, of which £1 billion specifically funds its insurance activities.
As part of the changes it will now no longer invest this money in businesses involved in range of activities such as the fur trade, tobacco production, extracting fossil fuels and selling weapons to countries with oppressive governments. The company says it was already sold off £80 million of existing assets in such businesses.
The asset changes are part of a wider plan that will include increasing sales of Fairtrade products and acting in a more environmentally responsible way. According to the Co-operative it has remained the most ethical major retailer, but is concerned that the gap between it and rival has been perceived as narrowing.