Monthly Archive July 2019

ByQuantum Communications

Edinburgh to host world summit on ethical finance

Edinburgh is to host the world summit on ethical finance, bringing together global leaders in business, politics and banking to shape a fairer finance system.

Ethical Finance 2019 will be hosted by the Scotland-based Global Ethical Finance Initiative (GEFI), which oversees, organises and coordinates a series of programmes to promote finance for positive change.

Ethical finance is a fairer system of financial management that combines profit with better outcomes for people and the planet.

The summit on October 8 and 9 is supported by the Scottish Government, and bodies represented will include the United Nations, Bank of England, the Financial Conduct Authority, RBS, Baillie Gifford and HSBC.

It is the fourth time the summit has been staged in Edinburgh, and it will be attended by over 400 senior representatives from more than 200 companies and organisations from across the globe, including asset owners and managers, banks, regulators, multi-lateral agencies and academics.

Finance Secretary Derek Mackay said:
“Finance is essential to meet the challenges facing our society – from achieving more inclusive economic growth to tackling the global climate emergency. Real change will require a shift in mindset for businesses and governments.
“Edinburgh has long been a centre of financial expertise, and I am pleased that it is now leading the global conversation on the role of finance in society.”

Omar Shaikh, managing director of GEFI, said:
“This is a major global summit that brings together the world’s business, political, and social leaders to build a fairer finance system for people, prosperity and the planet.
“We need a fairer system of financial management that delivers more than just profit.
“Ethical finance matters for people because, over the years, trust in banks has diminished and today’s generation of consumers believes that investment decisions should reflect the issues they care about.
“It matters for prosperity because the ethical investment market is worth $25trillion and can create jobs and investment – particularly in Edinburgh – and it matters for the planet because green finance solutions are needed in the face of a climate emergency.
“Now successfully in its fourth year, the summit has established itself as the premier gathering for discussions on finance for positive change, making Edinburgh the HQ of the ethical finance world.”

Kirsty Britz, director of sustainable banking with RBS, said:
“We are delighted to be hosting this summit once again this year. Doing the right thing for our customers is at the heart of everything we do. In bringing together leaders from across the world we want to work across sectors and industries to embed sustainability in finance.”


More information on the summit, including details on tickets and speakers, is available here:

ByQuantum Communications

New consumer service to challenge unfair and hidden delivery charges

Scotland’s new consumer service has joined forces with Highland Council Trading Standards to challenge unfair and hidden delivery charges.

The new service, launched in April, is now providing free advice to consumers on delivery law and encouraging shoppers to report misleading advertising and sales tactics.

Consumers in Scotland’s remote and rural areas often discover hidden delivery charges added after purchase, or small-print delivery information that can be missed at the point of purchase.
According to the Office for National Statistics, rural areas accounted for one-in-six online purchases in the UK in 2017. However, people residing in these areas pay an average of approximately 30 per cent more for delivery than those elsewhere in the UK. is working with Highland Council Trading Standards to challenge these hidden and unfair charges, with the support of the Scottish Government.

Consumers can receive free advice and report incidents by contacting the new service, and is then able to pass on incidents to Trading Standards for investigation. has received Scottish Government funding and provides advice to people on a range of issues, including buying products both online and in shops, changing mobile phone and internet providers, and dealing with rogue tradespeople.

To make the service more accessible, support can be accessed online through web chat, email or social media, as well as by calling a freephone number 0808 164 6000.

The Service is being run by the Glasgow and Stornoway-based charity Advice Direct Scotland.

Chris Cowles, adviser with in Stornoway, said:
“As someone who lives on Lewis, I know that too many people living in remote and rural areas find online bargains have hidden charges or small-print delivery information that can be missed at the point of purchase.
“Changes to operational and organisational structures to address this problem will take time and considerable capital investment, but one immediate way forward is using consumer rights legislation to challenge misleading advertising and sales tactics.
“The new service provides free, impartial and practical advice on shoppers’ rights and how to challenge these additional costs, and we encourage consumers to report instances to us where they believe they have been unfairly treated.”

Scottish Government Business Minister Jamie Hepburn said:
“I fully understand the frustration unfair delivery charges can cause. That’s why I launched the “Fairer Deliveries for All” action plan, which sets out practical steps the Scottish Government will take to tackle the issue – even though we do not have the powers to regulate in this area.
“ is funded by the Scottish Government to support consumers on a wide range of issues. It has been a valuable supporter of our work on parcel deliveries and I am glad to see it building partnerships with other organisations to ensure as many consumers as possible can get help when they need it.”

David MacKenzie, Trading Standards Manager with Highland Council Trading Standards Service, said:
“We have been fighting for fair delivery charges for rural Scots for several years now and are firm supporters of the Scottish Government’s Fairer Deliveries For All strategy. The new Scottish advice service has a key role in advising consumers of their rights when buying online and passing cases to Trading Standards to investigate. This complements the role of the UK-wide website which provides a one-stop shop for consumers, businesses and practitioners on delivery law and is operated by the team at Highland Council Trading Standards.”


Consumers can seek help in a number of different ways.
Freephone: 0808 164 6000
Online and web chat:
Email: is operated by the charity Advice Direct Scotland and works in close partnership with Trading Standards staff in local authorities to improve the services that consumers receive.

Consumer advisors can:
• Provide practical and impartial advice on how to resolve your consumer problem
• Inform you of the consumer laws which may apply to your situation
• Provide template letters which consumers can use to contact the trader or service provider they are having issues with
• Pass relevant information onto Trading Standards for further investigation
Advisors cannot:
• Make a complaint on an individual’s behalf
• Carry out any legal action on an individual’s behalf