Good things happen when good people come together.

We want to make things happen. Whether it is connecting individuals and organisations; helping to shape a new product, service or entity; informing Government policy or promoting best practice we are committed to converting talking into action.

BRINGING THE GLOBAL ETHICAL FINANCE FORUM TO EDINBURGH

Our round tables are constituent part of a unique ethical finance ecosystem that has helped put Scotland on the international map. Our heritage in ethical finance, robust financial services sector, responsible business culture, world renowned learning institutes and supportive Government all contrive to make Edinburgh the ideal location to convene and host the ethical finance narrative.

  • UKIFC brought the conference to Edinburgh in 2015 and 2017.
  • Positioned Scotland as the leading destination to host the ethical finance narrative.
  • Themes were ‘Growing the Global Ethical Finance Industry through Collaboration and Convergence’ (2015) and ‘Merging Profit and Purpose’ (2017).
  • Aimed to unlock new opportunities for growth, provide unique solutions for key issues and chart new directions for the industry.
  • Conferences attracted over 400 distinguished leaders from 30 countries ranging from Ministers and Central Bank Governors to CEOs of multibillion asset managers, world’s largest ethical banks, multilateral institutions, and leaders in research, amongst others.
  • Marketing Edinburgh estimated the economic benefit of attracting the conferences to Edinburgh was around £480,000.
  • Following GEFF 2015 Al Rayan Bank opened its offices in Scotland creating employment and committing an immediate short-term investment of £20 million.

INITIATING THE ETHICAL FINANCE HUB

As we only host 3 round tables a year our stakeholders wanted a more permanent, centralised platform to facilitate connectivity, collaboration and promote the agenda. We put this idea to Scottish Government and, with strong industry backing, were happy to support the establishment of the Ethical Finance Hub.

  • Scottish-based, industry-led not-for-profit organisation backed by Scottish Government.
  • Concept emerged during the EEFRT series.
  • Participants recognised the benefits in creating links between stakeholders to help innovate and grow the market for ethical finance.
  • Will provide a platform to promote collaboration, research, innovation and growth in ethical finance market.
  • Vision is to create a financial system where integration of environmental, social, governance and faith based values become  the norm and not the niche.
  • EFH will help to raise awareness, develop new ethical finance products and services and increase access to finance for individuals and organisations.

WINNING THE PRESTIGIOUS ETHICAL FINANCE INNOVATION AND CHALLENGE AWARDS 2015 (EFICA)

We recognised that the financial services sector is awash with silos. Our agenda is bigger so, over a number of years, we have tried to systematically break down barriers and bring people and organisations together with a common objective: to make finance work better for everyone and the environment. This approach has not been taken anywhere else in the world and we have been recognised for our innovation.

  • Organised by Abu Dhabi Islamic Bank and Thomson Reuters.
  • Aims to inspire and recognise fresh ways of thinking and promote the most dynamic actionable solutions that advance ethics in the world’s financial services.
  • UKIFC fought off competition from over 200 organisations from across the globe to win the $100,000 Industry Development Award in Dubai.
  • Prize presented by keynote speaker and Nobel Peace Prize Laureate Dr Muhammed Yunus.
  • Recognition of the UKIFC’s work in establishing the EEFRT.

FACILITATING THE WORLD’S FIRST INTERFAITH ETHICAL FINANCE JOINT VENTURE

Round table regulars UKIFC and Church of Scotland both agreed that the current financial system has systemic problems, creating serious inequality and the potential destruction of our shared natural resources. They decided to do something about it. Their subsequent collaboration has created a shared values framework and they are now exploring how this can be captured and embedded into financial innovation that is socially conscious and of value to all in society.

  •  Church of Scotland and UKIFC launched this unique and innovative initiative in March 2016.
  • Plan is to identify, research, test and promote a new ethical finance model which will be based on the shared values and traditions of faith communities.
  • Series of workshops, including one in the House of Lords, has brought together faith leaders, parliamentarians and finance  practitioners to develop and agree a shared values framework upon which a financial solution, open to all in society, will be developed.
  • Initiative has been featured in the FT, Radio 5 Live and BBC Radio Scotland as well as being shared to over 50,000 people through social media.