Contribution to Society
Thank you to all of our members for playing their part in supporting people and businesses during this difficult and uncertain time. Our resilience as an industry, and intrinsic links to the economy allow us to help, and we are. On this page, you can find out what our members are doing to support customers, colleagues and communities during this difficult time.
- Aviva has made a £10 million donation to enable the Red Cross to accelerate their response to the coronavirus outbreak by reaching more people – and quickly – to ensure the most vulnerable can get the right support. The donation is on top of the support Aviva has given to the Red Cross since 2016. The additional funds will help expand the Community Reserve Volunteer programme in the UK and support people coming out of hospital. Click here to find out more. Aviva has also increased cover for customers who work for the NHS as a thank you. Read more here.
Barclays announced a £100m Community Aid Package to support charities that are helping people and communities most impacted by COVID-19. Alongside a colleague-matched fundraising initiative and the £10m pledged through their 100x100 Programme, Barclays is donating funds to charity partners to ensure help reaches those who need it most. These partners include those who are meeting the immediate needs of low-income families, those facing financial hardship, isolated elderly people, NHS staff and key workers. In Scotland, Barclays has deployed over £2m to support charities working to help the most vulnerable through the pandemic and has provided a further £250k to NHS Greater Glasgow and Clyde to provide R&R hubs for front line staff.
- CBS Consulting has donated over £25,000 to FareShare, Crisis UK, CHAS and Age UK during the Covid-19 crisis, as well as providing CBS staff time to help deliver food to the most vulnerable in this time of need. These charities work hard to support those communities most affected by the virus and its impact on society, which CBS Consulting is proud to work with and support.
- Citi is supporting Social Bite in Edinburgh with a £10,000 donation and is matching staff donations to the charity. In addition, Citi employees are able to donate an hour of monthly salary for the NHS Charities Together appeal to support NHS workers and volunteers caring for COVID-19 patients. Globally, the Citi Foundation will provide $15 million to support COVID-19 related relief activities. More information is available here.
- Experian has made its Affordability Passport free to banks, lenders and debt charities who are running initiatives to assist customers who are impacted by the current crisis. The real-time view of income and expenditure is vital in being able to assess the level to which the customer’s affordability has been impacted by loss of income. The Affordably Passport is free for 3 months and can be set up as a standalone portal without the need for integration. Please click here to find out more and contact Phil Grady Philip.Grady@experian.com if you’re interested.
- Fujitsu is working with the Home office to support domestic abuse charities, which you can learn more about here. It has also partnered with SSAFA, the Armed Forces charity, to run the VE Day 75 Art Competition to celebrate Victory in Europe Day. You can enter here. Fujitsu is also supporting Autistica’s initiative to help autistic people cope during the pandemic through webinars with experts from across the UK. Find out more here.
- As part of its global response, Morgan Stanley has announced a series of grants totalling over £850,000 to support a pan-European relief programme, including a £150,000 donation to NHS Charities Together. It has also made a number of direct contributions to help local health authorities and their staff, including the donation of face masks to hospitals in the UK, and the provision of other in-kind services for the staff at the new Nightingale Hospital in London. Morgan Stanley Glasgow and its employees continue to support charity partner Scottish Association for Mental Health (SAMH).
- Phoenix has made a £1 million donation to charities helping the most vulnerable through this difficult time. Age UK, which includes Age Scotland, has received £500,000 with the remainder going to existing charities Phoenix works with across its locations, including Edinburgh. The full press release can be found here. Find out more about Age UK and to donate directly please click here.
- Phoenix has also donated to the ABI’s Covid-19 Support Fund, which was established in May 2020 by the insurance and long-term savings industry to help those hardest hit by the Covid-19 crisis. The Fund has raised £100m for charity, making it the biggest sector fund in the UK. The Fund will be supporting six areas of social need from supporting unpaid carers, to those with dementia, with over £7m recently donated to Age UK, Alzheimer’s Society and Royal Voluntary Service to support with this area of need.
Royal Bank of Scotland
- Royal Bank of Scotland has turned part of its headquarters at Gogarburn into a distribution centre to supply food and hygiene products to the Trussell Trust food banks and Social Bite charity. The temporary drop-off and distribution centre is now ready to accept donations. To find out how your business can help please read The Scotsman article here.
- Royal Bank of Scotland is donating £25,000 from its 300 Fund to provide Rainbow Boxes for all coronavirus patients entering hospitals across Edinburgh and the Lothians. The boxes contain essentials including toiletries, nightwear and phone chargers. Read more here.
Scottish Financial Risk Academy projects
- The Scottish Financial Risk Academy has several coronavirus-related projects underway that would benefit from further assistance from SFE members. Find out more information on the academic projects here.
Standard Life Aberdeen
- Standard Life Abderdeen released £500,000 from its charitable giving budget to be directed to communities most in need, to relieve hardship with those most vulnerable, across its global operations (here)
- TSB has donated £250,000 to Citizens Advice England and Wales and Citizens Advice Scotland, to ensure both organisations can do all they can to support people facing financial hardship as a result of COVID-19. The bank is donating the money to the charities to help meet rising demand from the public. The charities are facing unprecedented levels of demand – with more visits to their websites and increased calls to their advice lines. For more information please click here.
We would like to share what members are doing to support colleagues, customers and communities in this crisis. Please send to Bronwyn Torrie, email@example.com