Monthly Archive August 2019

ByQuantum Communications

Archbishop of Canterbury – investors must help avert climate crisis

The Archbishop of Canterbury, the Most Reverend Justin Welby, has recorded a video for our client, the Global Ethical Finance Initiative (GEFI), ahead of this autumn’s world summit on ethical finance in Edinburgh.

We secured fantastic media coverage in The Guardian, Press Association, The Herald, The Ecologist, The National, Sunday Post, Yahoo News, The Yorkshire Post and many other titles.

More information on the summit, including details on tickets and speakers, is available here: https://www.globalethicalfinance.org/ethical-finance-week-2019/

PRESS RELEASE FROM THE GLOBAL ETHICAL FINANCE INITIATIVE

ARCHBISHOP OF CANTERBURY – INVESTORS MUST HELP AVERT CLIMATE CRISIS

The Archbishop of Canterbury, the Most Reverend Justin Welby, has urged investors to help avert the climate crisis ahead of a global summit on ethical finance.

Archbishop Welby said the investment community has ‘not sufficiently stepped up to the plate’, and said it is in ‘investors’ power to help avert the disastrous consequences’ of failing to achieve the Paris climate change goals.

He has recorded a video for the Global Ethical Finance Initiative (GEFI) ahead of this autumn’s world summit on ethical finance in Edinburgh, Scotland, which will bring together global leaders in business, politics, banking and investment to shape a fairer finance system.

The summit on October 8 and 9 is supported by the Scottish Government, and bodies represented will include the United Nations, the Bank of England, the Financial Conduct Authority, RBS, Baillie Gifford and HSBC, with over 500 senior representatives from more than 200 companies and organisations in attendance.

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

GEFI aims to make Scotland the global headquarters of ethical finance.

The Archbishop of Canterbury, the Most Reverend Justin Welby, said:

“Money is not morally neutral – it can do harm and it can do good.

“At the very least it is the responsibility of investors to take account of environmental, social and governance factors in their investment decisions and in their stewardship of their assets.

“At its best, ethical finance can drive positive change in the world, while still being responsible for its investors.

“It can ensure that while meeting investors’ risk return requirements, investments benefit people and planet.”

Addressing climate change, the Archbishop said ‘the investment community has not sufficiently stepped up to the plate’.

He said: “The situation we find ourselves in has rightly been called a climate emergency.

“We know it’s unquestionable that investors acting together can influence outcomes on everything, including climate change.

“It is in investors’ power to help avert the disastrous consequences – ethical and financial – of failing to achieve the Paris goals.

“Passive investment, with investment decisions controlled and influenced by the algorithms and index calculations, may be the right investment solution for many, but passive stewardship is the answer for no one.

“All investors can make a difference by engaging and voting determinably in support of the Paris Agreement.”

Omar Shaikh, managing director of GEFI, said:

“We need a fairer system of financial management that delivers more than just profit.

“Trust in banks is diminishing following the global crash and today’s generation of consumers – particularly millennials – believe that investment decisions should reflect the issues they care about, such as tackling climate change.

“Green finance solutions are needed in the face of a climate emergency.

“This global summit will explore how to create a better system of financial management that works for people and the planet.”

ByQuantum Communications

Used cars are most common issue for Scotland’s new consumer service

Complaints and queries about used cars are the most common issue handled by Scotland’s new national consumer service.

New figures for July show that an average of 12 people contacted consumeradvice.scot about a used car sale every day.

Buyers raised problems after purchasing vehicles relating to lights, oil leaks or engine failure.

There were also complaints about incorrect sales descriptions, enquiries about warranties, and discoveries that finance agreements remain in place from a previous owner.

Many customers were exasperated after multiple attempts to solve the problem with car dealers and sellers.

There were 364 queries related to used cars last month, with 4,946 contacts in total.

consumeradvice.scot, which was launched in April this year with Scottish Government funding following the devolution of further powers to Holyrood, provides free and impartial advice to people on any consumer issues.

Experts advise people of their legal rights, such as the Consumer Rights Act 2015 which includes a short-term right to reject goods of unsatisfactory quality within 30 days.

consumeradvice.scot can also refer complaints to Trading Standards Scotland for investigation, but cannot carry out legal action on a consumer’s behalf.

consumeradvice.scot team leader Lorna Yelland said:
“The new consumeradvice.scot service is handling tens of thousands of calls and online queries from consumers across Scotland, ranging from questions about building work to parking fines to furniture sales.
“But used cars have proved to be the most common issue raised this summer, with buyers not sure what to do if something goes wrong after buying a second-hand vehicle.
“The new consumeradvice.scot service is free for everyone in Scotland, regardless of circumstances, and experts are available to offer impartial advice.
“Consumers shouldn’t be left in the dark about their rights.”



NOTES TO EDITORS
consumeradvice.scot is operated by the charity Advice Direct Scotland. Consumers can seek help in a number of different ways: freephone 0808 164 6000; online and web chat at www.consumeradvice.scot; and email via advice@consumeradvice.scot

Consumer advisors can provide practical and impartial advice on how to resolve consumer problems, inform people of consumer laws which may apply to their situation, provide template letters which consumers can use to contact the trader or service provider they are having issues with, and pass relevant information onto Trading Standards for further investigation. They cannot make a complaint on an individual’s behalf or carry out any legal action on an individual’s behalf.

ByQuantum Communications

Making Scotland the global HQ of ethical finance

Our client, the Global Ethical Finance Initiative, was published in the Scotland on Sunday newspaper.

Read the article from managing director Omar Shaikh here.

The Global Ethical Finance Initiative (GEFI) oversees, organises and coordinates a series of programmes to promote finance for positive change. It brings together the world’s business, political, and social leaders to build a fairer finance system for people and the planet.

Do you want to increase the media profile of your organisation? We specialise in media affairs. Get in touch by emailing alan@quantumcommunications.co.uk