Two of Britain’s largest companies have apologised for their role in the slave trade. Insurance giant Lloyd’s of London and pub chain Greene King said they will devote large sums to projects assisting minorities, after they were named in a database of companies connected to slavery compiled by University College London. Greene King was founded in 1799 by Benjamin Greene, who became one of 47,000 people who benefited from compensation paid to slave owners when slavery was abolished in the British Empire in 1833.

Greene surrendered rights to three plantations in the West Indies in return for what amounts to £500,000 in today’s money.

Business

Greene King pub chain and Lloyd's of London apologise for slavery links

MARK SHAPLAND

5 hours ago

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Lloyds of London has apologised for its role ( Glenn Copus )

Two of Britain’s largest companies have apologised for their role in the slave trade. Insurance giant Lloyd’s of London and pub chain Greene King said they will devote large sums to projects assisting minorities, after they were named in a database of companies connected to slavery compiled by University College London. The list is a sign of how Britain’s past involvement with the slave trade - which has led to the tearing down of statues - has begun to impact on the corporate sector.

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Broadcast on:

18 Jun 2020

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