Keeping genetic modification in the spotlight

Keeping genetic modification under the microscope

At the time of our last customer vote, genetic modification was a relatively new issue that had attracted a good deal of media and consumer interest. During our consultation with customers on the issue, the overwhelming majority expressed their unease about the development of GM organisms.

Customers remain unconvinced by the scientific arguments for genetic modification.

It's a complex area, but the majority of our customers remain concerned about the potential long-term impacts of genetic modification on health and the environment. They feel the technology's development should be influenced by the public's concerns, and not be driven exclusively by corporate interests.

Also, genetic modification shouldn't be presented as the universal solution to global problems such as food shortages. These problems need an approach that draws on a wide range of potential solutions.

Our policy on genetic modification

We will not invest in businesses involved in the development of genetically modified organisms (GMOs), where, in particular, the following issues are evident:

  • uncontrolled release of GMOs into the environment.
  • any negative impacts on developing countries; in particular, the imposition of 'Terminator' technologies.
  • patenting; in particular, of indigenous knowledge.
  • cloning; in particular, of animals for non-medical purposes.

Want to know more?

download pdf

What is genetic modification? What are ‘terminator' technologies?

Our policy on genetic modification (open as PDF - 587Kb)

The Co-operative Bank has turned away over £900 millions of loans to businesses not in keeping with its Ethical policy