Community benefit society Broadband for the Rural North (B4RN) has now raised £2m on the Triodos crowdfunding platform, with investment coming from both institutional investors and retail investors.
20/05/2019
BP’s St James Square headquarters has been blockaded with a series of containers, forcing the company to advise workers to stay home.
20/05/2019
Tesco has retained its top spot in the Global Governance RE 100 Index, the ranking based on compliance and conformance with the UK Modern Slavery Act (MSA) (2015) and good practice in human rights of London’s largest commercial landlords by square foot.
20/05/2019
The UN Secretary-General António Guterres’ drew attention to the imminent dangers of climate change, bluntly stating that conflict was a likely and increasingly probable outcome if climate change was not tackled, saying, “military strategists see clearly the possibility of climate impacts increasing tensions over resources and mass movements of people everywhere in the world.”
17/05/2019
CFA UK, the membership body for investment professionals, is to launch a qualification in ESG.
17/05/2019
The International Energy Agency (IEA) has released its World Energy Investment 2019 report, highlighting several shifts in energy production, use and investment.
16/05/2019
A report from PwC has revealed that the overall rate of forced departures of CEOs is generally steady, but that recent trends, but more CEOs are being dismissed for ethical lapses than for financial performance or board struggles.
16/05/2019
Dr Rhian-Mari Thomas, the former Global Head of Green Banking, Founder and Chair of the Green Banking Council at Barclays, has been appointed as the first CEO for the Green Finance Institute.
16/05/2019
A new study suggests that more than a third of companies have no whistleblowing system in place. The Whistleblowing Report 2019, which was conducted by the University of Applied Sciences HTW Chur in Switzerland and published by EQS Group sought the views of 1,392 companies across the UK, France, Germany and Switzerland.
15/05/2019
Following the announcement of Starbucks $1bn Sustainability Bond, Starbucks has joined the World Wildlife Fund (WWF) and the Ellen MacArthur Foundation as a principal member in the new ReSource Plastic programme.
15/05/2019
Off-grid energy companies are turning to the crowd to raise debt finance with over $31m raised last year from the crowd to provide energy to sub-Saharan Africa and South Asia – an increase of $20m from 2017 – with research by Energy 4 Impact revealing that over 90 per cent of crowd-sourced funds for energy access in 2018 was raised on peer-to-peer (P2P) lending platforms.
15/05/2019
Extinction Rebellion disrupted a speech by the Minister for Local Government, Rishi Sunak, at the Pensions and Lifetime Savings Association's (PLSA) Local Authority Conference.
15/05/2019
Transport for London (TfL) is to introduce the world's first hydrogen double decker buses next year, helping tackle the capital's air quality crisis.
14/05/2019
Nestlé, Tesco, Sainsbury’s, and Waitrose have signed up to help halve food waste by 2030 in line with UN Sustainable Development Goals.
14/05/2019
A report that looks at the health impact of plastic pollution and rubbish on the world’s poorest people has found that each year between 400,000 and a million people (at the upper end one person every 30 seconds) are dying in developing countries from illnesses and diseases like diarrhoea, malaria and cancers caused by living near uncollected waste and plastic pollution.
14/05/2019
His Royal Highness the Prince of Wales has made an address to investment professionals at the CFA Institute Annual Conference urging the sector to show leadership in helping keep climate change to the Paris Agreement.
14/05/2019
Starbucks has completed the issuance of a $1bn sustainability bond, the largest of the three the company has issued to date.
14/05/2019
VW and Daimler are due their respective annual general meetings amid the continuing issues surrounding the emissions scandal, public distrust in diesel power and attempts to switch rapidly to electric vehicles as the public and governments look to zero-emission options.
14/05/2019
UK employees spend £13.6bn on takeaway lunches and Hubbub has discovered that this habit is generating 10.7bn items of packaging waste much of which isn’t recycled or recyclable.
14/05/2019
Now in the third year of supporting mental health and working alongside charity partner, Mental Health UK, Lloyds Banking Group has committed to training 2.500 colleagues as Mental Health Advocates by 2021.
13/05/2019
OVO Foundation (OVO Energy's charity arm) has announced it has increased its investment in Project Jua, an electrification project that will reach 300,000 people across 300 sites in Kenya in three years.
13/05/2019
CDP has released a list of the 43 global cities that can be regarded as possessing climate leadership.
13/05/2019
The growth of onshore wind energy is collapsing in Germany, jeopardising both German and EU renewables targets.
10/05/2019
Coca-Cola European Partners (CCEP) and UK Youth have announced a national programme to equip young people with confidence, skills and experience following research revealing that over half of 16-25 year-olds cite anxiety as the key barrier to gaining employment.
10/05/2019
The last time the UK lasted a week without coal-powered electricity was in 1882, but the National Grid Electricity System Operator (ESO) has confirmed the milestone in decarbonisation – with 13.24 on Wednesday 8th May marking the moment that the last coal-powered generator came off the grid, making it exactly a week of coal-free production.
09/05/2019
NGO Carbon Tracker has announced a new project, funded by a $1.7m grant from Google.org, to use satellite imagery to measure carbon emissions from large power plants globally.
09/05/2019
International Development Committee, a select committee of the House of Commons, has called for a major shift in emphasis and increased funding for policies to reduce climate change, saying that in order to have a meaningful impact on the threats facing developing nations more will need to be done.
09/05/2019
The Government has awarded more than £4m to Fareshare, Company Shop Group, The Felix Project and Food Works Sheffield as the first tranche of a £15m scheme launched in January by Environment Secretary Michael Gove to help overcome barriers to getting food currently going to waste onto people’s plates.
08/05/2019
Polestar, the Volvo Cars electric performance brand, has significantly expanded its research and development capacity with the establishment of a new centre in the UK. Situated in Coventry, England, the new facility will allow Polestar to increase its ability to engineer future electric performance vehicles.
08/05/2019
Metro Bank is to join forces with Teenage Cancer Trust as the bank’s chosen charity partner for the next 12 months.
08/05/2019
Charity Movement to Work (MtW) has announced that one of the UK’s largest producers of fish and seafood, has taken on all the young people to whom it offered work-placement opportunities in the last 12 months.
07/05/2019
The UK new car market declined by 4.1 percent in April, according to the Society of Motor Manufacturers and Traders (SMMT) with 161,064 units registered, the second lowest April volume since 2012.
07/05/2019
Centrica and Carers UK have written to employers to encourage support for carers, with the aim of helping one million carers stay in or return to work by 2020. The two organisations are also calling on the Government to introduce 5 to 10 days of mandatory paid carers leave for all employers.
07/05/2019
The Earth’s resources will face failure without radical action, and nearly one million species risk extinction within decades, UN biodiversity report has predicted.
07/05/2019
A poll of the public that indicates a general unwillingness to reduce the amount they drive, fly and eat meat despite the growing awareness of climate change.
03/05/2019
Natixis and subsidiary Groupama Gan Vie are launching a unit-linked insurance product that supports energy transition. The green structured note makes it possible to directly finance renewable energy projects in wind, solar, hydraulic and biomass schemes. The funds will be audited by an external auditor and green debt securities will be evaluated by an extra-financial environmental rating agency.
03/05/2019
The CBI has commented on the independent Committee on Climate Change’s proposal that the Government commits to a net-zero reduction in greenhouse gas emissions in the UK by 2050.
03/05/2019
The John Lewis Partnership’s employees have donated over 24,500 hours in the last year through its Golden Jubilee Trust long-term volunteering programme, creating a new record since the launch of the programme 19 years ago
02/05/2019
A recent survey reveals that 35 per cent of PR and communications agencies have declined or refused to engage in greenwashing and astroturfing campaigns for clients. Astroturfing is the practice of making a message appear as if it originates from grassroots participants.
02/05/2019
A national climate emergency has been declared by Parliament, with MPs calling on the government to set a zero emission target by 2050 – currently, the pledge is to reduce carbon emissions by 80 per cent compared to 1990 levels by that date.
1/05/2019
The UK Sustainable Investment and Finance Association (UKSIF) has called on the Government not to delay the Green Finance Strategy, which was due to be published in Spring 2019 and to use it to set out a plan to achieve net zero.
02/05/2019
The Committee on Climate Change (CCC) wants the UK to lead the fight against climate change and asks other countries to follow suit to give an even chance of staying below 1.5C temperature rises by 2100.
02/05/2019
Currently, the Government intends to stop the sale of diesel and petrol cars by 2040, but the Committee on Climate Change members are advising that this is too late and should be closer to 2030.
01/05/2019
A Sky News report states that Greg Clark, the business secretary, will facilitate a loan of £100m to the country’s second-biggest steelmaker to pay the EU carbon credits.
01/05/2019
Social and Sustainable Capital (SASC), a social enterprise and fund manager has invested £250,000 in Futures, another social enterprise which provides jobs and skills advice, training and apprenticeships in Nottinghamshire, via a loan.
01/05/2019
Public drinking fountains in London are reducing plastic bottle use, and over the last year the equivalent of more than 155,000 bottles of single-use plastic bottles (500ml) have been dispensed by the free-to-use fountains.
30/04/2019
In the UK, 60m tonnes of material which is ordered for use in building projects has to be sent to landfill sites each year. Focus Logistics wants to help reduce construction waste, working with major developers such as Berkerly, RedRow and Barratt.
30/04/2019
Staff at the NHS Business Services Authority have chosen two charities to partner with this coming year, following their success in fundraising for the British Heart Foundation during last year. This time around the organisation is partnering with both the Trussell Trust and the Samaritans with fundraising and volunteering for the charities.
30/04/2019
Cocoa Life, the Mondelēz International programme that sources sustainable cocoa, has published its Annual Report with a commitment that by 2025 all Mondelēz chocolate brands will source their cocoa sustainably through the programme.
30/04/2019
Triodos has been granted a UK banking licence to operate as a subsidiary company, wholly owned by Triodos Bank NV, which will become effective immediately after midnight on 1 May 2019.
29/04/2019
The second Global Governance FTSE 100 Index ranking Britain’s largest publicly listed organisations’ compliance and conformance with the UK Modern Slavery Act (MSA) (2015) and good practice in human rights has been released placing Marks & Spencer Group top, Tesco second and British American Tobacco third.
29/04/2019
BP has reported that it is making progress on reducing emissions, recording 2.5m tonnes of sustainable reductions since the beginning of 2016, towards its target of 3.5m tonnes by 2025 and reducing overall emissions despite increases in oil and gas production of 3 per cent.
29/04/2019
An overwhelming number of fund managers believe that oil companies will not remain attractive investments unless they adopt business models that support the Paris climate targets.
29/04/2019
Independent trust Power to Change has launched a campaign entitled Community Business Matters with a series of films to mark the countdown to this year’s Community Business Weekend and give an insight into how community businesses across the country are helping to tackle some of society’s biggest problems including loneliness, lack of training and employment opportunities and poor mental health.
26/04/2019
H&M has vowed to reveal full supplier transparency for all garments on its hm.com, the majority of H&M Home interior products sold online, and customers will also be able to access the information when shopping in stores by using an app to scan the price tag on a product to see its details.
26/04/2019
Big Society Capital’s is asking the Government to consider expanding the eligibility for schemes under its Social Investment Tax Relief (SITR) number stating that criteria are currently too limiting and have been inhibiting take-up.
26/04/2019
The new Step Forward campaign from Royal Voluntary Service (RVS) to raise awareness of volunteering in the local community has enlisted the support and partnership of Legal & General.
26/04/2019
Royal Bank of Scotland (RBS) and Landsec have announced their commitment to three initiatives of the Climate Group, these initiatives are focused on electric vehicles (EV100), energy productivity (EP100), and renewable power (RE100).
25/04/2019
HSBC and Walmart are partnering in a scheme to offer suppliers improved financing in return for demonstrating progress under either the retailer's Sustainability Index Program or Project Gigaton.
25/04/2019
Electric vehicles (EVs) have dominated the visions of clean transport, but they are not without problems (the scarcity and rights issues of lithium and transmission to recharging points). Now Hyundai is promoting hydrogen as a viable alternative.
25/04/2019
The hot and sunny Bank holiday weather has helped the UK break another energy milestone as supply went 90 hours without any input from coal-generated electricity according to the National Grid.
25/04/2019
Energy minister, Claire Perry said the UK should be proud of its climate efforts, and that the country is a world leader in tackling the issues around climate change. Responding to the recent demonstrations in London, Perry said protesters might in future consider expressing their views "without undermining the consensus" needed for progress.
25/04/2019
Ecclesiastical Insurance is attempting to identify the good causes the public like, and will then £1m donated to these charitable causes this summer.
25/04/2019
Insurer Hannover Re has announced that it will terminate the reinsurance of newly planned coal-fired power plants or mines - one of the core demands in the campaign of German campaigning organisation urgewald and the international NGO network Unfriend Coal.
18/04/2019
SEB and a group of 23 companies led by Finnish energy company Fortum have initiated a project to create a market-place for trading in certificates for the removal of carbon dioxide.
18/04/2019
KFC, Taco Bell and Pizza Hut owner Yum! Brands has committed to pursuing a science-based target to reduce greenhouse gas emissions from its operations, franchises and supply chain and to explore purchasing renewable energy.
18/04/2019
The European Parliament today voted to cut carbon dioxide emissions from new trucks by 30 per cent by 2030 and reward manufacturers whose electric, hybrid and hydrogen vehicles make up at least 2 per cent of new truck sales with a less stringent target.
18/04/2019
The Competition and Markets Authority has called for a shake-up in the UK audit market to address “serious competition problems” in the industry. It says the legislation is needed to address both the vulnerability of the industry to the loss of one of the Big Four, and current inadequate choice and competition.
18/04/2019
Europe has invested €27bn in new wind farms during 2018 according to WindEurope’s annual Financing and Investment Trends report published today.
18/04/2019
Legal & General has announced it has invested £44.6m in an innovative partnership with Croydon Council to provide 167 homes for families on the housing waiting list.
17/04/2019
The financial sector must address climate-related risks, Governor of the Bank of England Mark Carney has stated in an article penned with French central bank governor Francois Villeroy de Galhau and Network for Greening the Financial System (NGFS) chair Frank Elderson in The Guardian.
17/04/2019
Moody’s Corporation has acquired a majority stake in Paris-based Vigeo Eiris, an ESG research, data and assessments company. The acquisition will strengthen Moody’s ambition to be a standards provider for ESG.
17/04/2019
Former VW chief executive Martin Winterkorn has been charged with fraud in Germany, over three years after the emissions scandal broke and a year after charges were brought in the US.
16/04/2019
The pension funds JØP and DIP in Denmark have decided to exclude eight companies based on insufficient actions taken concerning their negative impact on the climate.
16/04/2019
Typhoo is the sixth and final major tea brand to publish its list of tea suppliers. The new transparency is a response to the 'Who picked my tea?' a campaign led by Traidcraft Exchange and supported by anti-slavery organisation Freedom United.
16/04/2019
The fund management division of Legal and General (L&G), Legal and General Investment Management (LGIM), is to continue to vote against boards where concerns remain around environmental-based issues.
16/04/2019
Extinction Rebellion, a campaigning group, has closed several London roads creating traffic congestion across the capital. Staring at 11 am, the ‘International Rebellion’ has caused blockages at Oxford Circus and Marble Arch, as well as targeting the headquarters of Shell.
15/04/2019
Diageo brands Guinness, Harp, Rockshore and Smithwick's will no longer have plastic packaging in their packs as part of a £16m initiative that will instead use biodegradable cardboard. Diageo's Northern Irish plant will be the first to use the new packs.
15/04/2019
BNP Paribas has released its latest survey of institutional investor attitudes to ESG considerations, attempting to explore how institutional investors are embedding ESG principles and practices into their day-to-day activity.
15/04/2019
A programme from Hubbub and funded by the Starbucks 5p cup has been launched to aid communities in the collection of paper cup waste.
15/04/2019
Australian retail chain Woolworths Group is aiming to further reduce its environmental impact by becoming the first supermarket to issue green bonds certified by the Climate Bonds Initiative (CBI).
15/04/2019
The UK’s biggest automotive analysis by the Society of Motor Manufacturers and Traders (SMMT) reveals that plug-in car fleet ownership has risen 76.6 per cent in 2018, with 195,000 vehicles now on the roads.
15/04/2019
The European Union carbon price hit a ten-year this week with news that Prime Minister May has secured a delay in Brexit until 31 October, keeping the UK within the system for another 6 months.
11/04/2019
Shell has announced a $300m programme to invest in natural ecosystems over the next three years. The programme is part of a wider strategy to mitigate emissions generated by the company’s customers when using its products.
11/04/2019
Zambian villagers can sue mining company Vedanta Resources over alleged pollution in the UK, the Supreme Court has ruled.
11/04/2019
Another way to save fuel and emissions is to share, so it is good news that there is a newly signed contract between paper producer SCA and refuse to fuel company Geminor, using the former’s ferries to transport 100 tonnes of baled RDF (refuse derived fuel) on the return trip from transporting paper on ferries that would otherwise be empty.
11/04/2019
IKEA Greenwich store has become the first retail unit to achieve a BREEAM UK New Construction Post Construction rating of over 90 per cent for its sustainability.
11/04/2019
After the £100m fine by the FCA, the bank now facing a total of $1.1bn in fines for breaking US sanctions against Iran after the US Department of Justice, New York Department of Financial Services, Manhattan district attorney, Department of Treasury, Federal Reserve have joined with the FCA in an additional settlement.
10/04/2019
Saxo Bank and Brown Advisory have announced a cooperation to launch a new digital investment portfolio called Ethical Selection.
09/04/2019
Bank of America announces it will mobilise an additional $300bn in capital through its Environmental Business Initiative by 2030. This third commitment increases the company’s investment in low-carbon business to more than $445bn since 2007, when the company issued its first Environmental Business Initiative.
09/04/2019
S&P Dow Jones Indices has announced an S&P 500 ESG Index, a new index aligned with ESG selection guidelines and designed to replicate the risk and return profile of the main S&P benchmark.
09/04/2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank over £100m for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA.
09/04/2019
The City of London Corporation has committed to supporting London’s only charity supporting male survivors of sexual abuse with a grant of £120,000.
09/04/2019
In theory, the latest EU legislation will help reduce pollution by forcing carmakers to produce low emissions vehicles into their fleets and give the public greater options to purchase them.
08/04/2019
The Swedish Pensions Agency is launching several tools and opportunities in the premium pension market to make it easier to choose sustainable options.
08/04/2019
A coalition of activist groups, charities and the public is bringing a case against Shell. Friends of the Earth Netherlands, leading the campaign, sent a notice of liability last year urging Shell to issue a planned reduction in its oil and gas activity, to help prevent climate change and start acting in line with the goal of the Paris agreement.
08/04/2019
London’s Ultra Low Emission Zone (ULEZ) has come into force, leaving penalty-free access to the centre of London the preserve of petrol cars with minimum Euro 4 standard, diesels with the Euro 6 standard and historic motor vehicles.
08/04/2019
Following the reaffirmation of ties with the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have announced they have agreed two memoranda of understanding to ensure there is continuity once the UK leaves the EU. The MoUs cover trade repositories and alternative investment funds (AIFs).
08/04/2019
Four projects under the Prospering from the Energy Revolution Challenge have been announced that could help develop local systems delivering cleaner, cheaper and more resilient energy.
05/04/2019
A major new UN-led report, involving more than 60 international organisations, warns that a comprehensive overhaul of the world’s financial system is necessary if governments are to honour commitments to tackle critical issues, such as combatting climate change and eradicating poverty by 2030.
05/04/2019
BlackRock believes that Investors are underpricing the impact of climate-related risks, including more frequent and intense extreme weather events.
04/04/2019
Baillie Gifford is launching the first responsible fund as defined by the Investment Association’s Global Income sector, using the exclusion model and the UN Global Compact principles as parameters.
04/04/2019
To help accelerate the adoption of zero-emissions and low-emissions vehicles Toyota Motor Corporation (Toyota) has announced that it will grant royalty-free licenses on nearly 24,000 patents it holds (including some pending applications) for vehicle electrification-related technologies.
04/04/2019
ALDI has joined the retailers committed to reducing the global plastics crisis, pledging that by 2025 100 per cent of packaging, including plastic packaging, will be reusable, recyclable or compostable.
04/04/2019
Chair of the International Accounting Standards Board (IASB) Hans Hoogervorst has warned of exaggerated expectations for sustainability reporting as a catalyst for change in the absence of policy and political intervention.
03/04/2019
The draft National Energy and Climate Plans will fail to deliver the EU’s 32 per cent renewables target for 2030, according to analysis by WindEurope.
03/04/2019
The global impact investing market is estimated to be worth $502bn, according to an analysis of the market size and composition by the Global Impact Investing Network (GIIN).
02/04/2019
Over half of new car sales in Norway are now electric. According to figures from the Norwegian Road Federation (NRF) nearly 60 per cent of sales in March went to electric in a country that has vowed to end new petrol and diesel vehicles by 2025.
02/04/2019
Ryanair is now one of the top 10 highest carbon emitters within Europe, demonstrating the impact of global travel as well as the issues surrounding effective legislation.
02/04/2019
The Global Sustainable Investment Alliance (GSIA) has released its biennial investment report, showing that globally sustainable investment assets reached $30.7tr at the start of 2018, a 34 per cent increase from 2016.
01/04/2019
One of China's largest e-commerce companies has launched a range of sustainable initiatives in recycling and green packaging across its business and renewed its partnership with the World Wide Fund for Nature (WWF).
01/04/2019
The UK Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC) have today reaffirmed their commitment to continue close cooperation and information sharing in the event of the UK’s withdrawal from the European Union (EU).
01/04/2019
Transparency is usually a good thing, but ShareAction has found that if you ask too often people are reluctant to answer.
01/04/2019
Australia’s largest insurer, QBE, has announced a coal exclusion policy – the first non-European insurer to restrict coal underwriting.
01/04/2019
The European Parliament has now agreed on the measures proposed by the EC to tackle marine litter coming from single-use plastic products.
01/04/2019
The European Parliament has voted on a classification for sustainable assets, excluding nuclear power as a green asset. Less controversially fossil fuels were also removed from the EU’s proposed Green Finance Taxonomy, with the goal of discouraging investments in polluting industries and boosting green investment.
29/03/2019
Royal Mail is conducting a trial of zero-emission e-Trikes for letter and parcel deliveries as part of the company’s ongoing attempts to reduce CO2 emissions associated with its operations.
29/03/2019
In the US, ExxonMobil has agreed to report on plastics spills and plastics handling, and a resolution asking Starbucks to manage packaging has the support of half of the shareholders, according to shareholder advocacy group As You Sow.
29/03/2019
In the paper 'Boom and Bust 2019' the coal-fired power plants under development worldwide are reported to have dropped steeply in 2018. According to the report released by Global Energy Monitor, Greenpeace India, and the Sierra Club, this is the third year in succession that coal-fired energy has declined, and the latest 20 per cent drop in newly completed coal plants heads a 39 per cent drop in new construction starts (creating a total of 84 per cent drop in the past three years).
29/03/2019
A 12-seater punt made from recycled plastic will take its maiden voyage next month in Manchester’s Salford Quays, then tour the UK, taking the public out on ‘plastic fishing’ trips to raise awareness of the growing levels of plastic pollution in UK’s rivers and canals.
29/03/2019
A 12-seater punt made from recycled plastic will take its maiden voyage next month in Manchester’s Salford Quays, then tour the UK, taking the public out on ‘plastic fishing’ trips to raise awareness of the growing levels of plastic pollution in UK’s rivers and canals.
29/03/2019
The impact of climate change is accelerating, according to a new report from the World Meteorological Organization (WMO). The report details climate-related risks and impacts on human health and welfare, migration and displacement, food security, the environment and ocean and land-based ecosystems. It also catalogues extreme weather around the world.
29/03/2019
IFC has launched its updated Corporate Governance Methodology in response to the growing trend for investors to pay closer attention to the way companies manage ESG matters.
28/03/2019
The third edition of the Global Green Finance Index (GGFI 3) has been released, based on a worldwide survey of finance professionals’ assessments on the quality and depth of green finance across 110 international financial centres, combined with measurable factors provided by third parties, including Corporate Knights, the Climate Bonds Initiative, the World Health Organisation, and the World Bank.
28/03/2019
ASOS has co-hosted an event at the House of Lords with Baroness Lola Young, co-chair All Party Parliamentary Group on Ethics and Sustainability in Fashion, to challenge attendees to sign a pledge on meaningful practices to tackle modern slavery.
27/03/2019
2020 will mark three decades since the first IPCC report, and three decades until the deadline for EU states to decarbonise. This halfway point represents a point of progress, and the good news is that the 2050 target might be met.
27/03/2019
Michael Bloomberg has announced plans for a new Decarbonisation Tracker that will track the progress made by utility companies transitioning away from fossil fuels.
27/03/2019
BP today announced that it has established a $100m fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations.
26/03/2019
Lloyd’s of London plans to address concerns over workplace culture at the insurance market following reports of sexual harassment and bullying. Claims by 18 women featured in a Bloomberg Businessweek article last week included descriptions of an atmosphere of “near-persistent harassment”.
26/03/2019
The 2020 New York Declaration on Forests deadline is only a year away, but not one of the companies and financial institutions assessed in the Forest 500 ranking is set to meet this goal.
26/03/2019
The Sackler Trust, that made more than £60m worth of donations to UK institutions since 2010, is suspending all donations over alleged connections to the US opioid crisis.
26/03/2019
In releasing its 2018 Sustainable Packaging and Paper by Design report Mondi, the global company has revealed positive progress on reducing climate change through the introduction of biomass and recovery boilers in Mondi’s mills leading to 100 per cent electricity self-sufficiency, with 64 per cent of fuel from renewable sources.
26/03/2019
Imperial College’s Centre for Climate Finance and Investment has created a smart carbon portfolio model for institutional investors to assess and manage energy transition risks.
26/03/2019
The Business, Energy and Industrial Strategy (BEIS) Committee has published its report on executive pay, seeking to address the gap between some pay levels with companies and between remuneration and performance.
26/03/2019
Some of the world’s biggest banks are routinely hiding behind client confidentiality to conceal investments in companies and projects that infringe human and environmental rights.
26/03/2019
Shell has rebranded First Utility as Shell Energy and switched all of its British residential customers to 100 per cent renewable electricity.
25/03/2019
The World Economic Forum casts a very mixed picture of energy transaction, noting that overall they have become less affordable and are no more environmentally sustainable than they were five years ago.
25/03/2019
NN Investment Partners (NN IP) has published research that suggests a surprisingly high proportion of listed companies globally are making a positive impact, as defined by the UN Sustainable Development Goals (SDGs).
25/03/2019
The PRA, next month, will ask UK insurers, as part of a market-wide insurance stress test, to consider how their businesses would be affected in different physical and transition risks scenarios.
22/03/2019
The Department for Transport (DfT) has published its Future of Mobility paper, outlining how it will plans utilise green technology in progressing its strategy, including a £90m investment to help make journeys ‘greener’.
22/03/2019
Lithium-ion batteries, which power electric cars and electronics, might herald emission free transport, but Amnesty International is highlighting the links they have to human rights abuses including child labour in the Democratic Republic of Congo (DRC), and environmental risks which could undermine their green potential.
22/03/2019
The state of California could require insurers to disclose all fossil fuel underwriting and investments, Consumer Watchdog, a partner of the Unfriend Coal campaign has said.
22/03/2019
In the summer the EU High-Level Expert Group on Sustainable Finance’s Technical Expert Group will publish a package of recommendations that will inform sustainable finance practices.
21/03/2019
Every generation should harness the passion the young activists and campaigners have shown towards climate change, First Minister Mark Drakeford, said ahead of the publication of Wales’ plan to reduce carbon emissions.
21/03/2019
The EC is releasing €750 million of funding for key European energy infrastructure projects that will help improve energy security and aid renewable energy growth.
21/03/2019
Global motor manufacturer Ford is investing $900m in its Michigan manufacturing plant, with a majority ($850m) going to next-generation fully electric vehicles.
21/03/2019
A new £2m joint UK-China offshore wind research centre has opened in Yantai City. The TUS-ORE Catapult Research Centre (TORC) will act as a leading renewable energy technology research and development centre with unique links into both the UK and China to support the growth of their respective offshore wind industries.
21/03/2019
Heineken has announced its 2030 water vision in support of UN Sustainable Development Goal 6, dedicated to water protection.
21/03/2019
Deloitte has reported that the composition of boards it has surveyed in the US is changing, with more true diversity of backgrounds, experiences and perspectives.
21/03/2019
John Lewis & Partners and Waitrose & Partners shops, head offices, distribution centres and all other UK sites will have a net zero carbon footprint by 2050 at the latest, and its entire transport fleet by 2045.
21/03/2019
An global total of 1.5 million school students ‘went on strike’ last week in a wave of climate protests inspired by Swedish student Greta Thunberg, who announced she would strike every Friday until the Swedish government took steps to counter climate change.
20/03/2019
The Australian Renewable Energy Agency (ARENA) has announced funding for Toyota Motor Corporation Australia to start transforming its decommissioned car manufacturing plant in Altona Victoria into a renewable energy hub to produce hydrogen for transport.
20/03/2019
The German government is to set up a ‘climate cabinet’ as an emergency measure to try and achieve its climate pledges, with Environment Minister Svenja Schulze chairing the committee.
20/03/2019
Eni, the Italian energy company has said that it will embark on a major tree planting programme as part of its efforts to become net zero by 2030.
19/03/2018
Rio Tinto has rejected the idea of setting emission reduction targets for its customers, citing the lack of real control that the company can have over its clients, especially when considering Scope 3 emissions that are indirect.
19/03/2018
In a Paris forum, 23 developing countries representing 26 per cent of global GDP and 43 per cent of global carbon emissions are creating a new model for advancing clean energy investment.
19/03/2018
British Swimwear brand MARU has announced a partnership with the charity Level Water and will provide equipment and instructors, as well as having dedicated ‘donation weeks’, to help the charity provide specialist one-to-one swimming lessons for children with physical and/or sensory disabilities.
19/03/2018
Greene King has partnered Too Good to Go, an app designed to help businesses reduce food waste across the country, by offering customers surplus carveries at a discount at the end of the day.
19/03/2018
Software group Sage has announced the completion of its US$1 million fundraising effort, and a new intention to double this target.
18/03/2019
BREEAM, the sustainability assessment method for projects, infrastructure and buildings, has introduced a pre-approval process for its schemes. The new process enables a general specification that is applicable to multiple projects to be evaluated by BRE Global up-front and at a single point in time.
18/03/2019
The Dutch government is to tax companies on their carbon emissions in an attempt to kerb outputs that are allowing the country to fall short of its targets.
18/03/2019
Shell is planning to reduce carbon emissions from its operations and sales by 2 per cent to 3 per cent by 2021 relative to 2016.
18/03/2019
At a recent event at the House of Commons, Microsoft presented research on the impact of its apprenticeship programme. The study, which was comprised of interviews and online surveys, found that as well as providing valuable skills and experience to those enrolled in apprenticeships there were also substantial benefits for businesses, too.
18/03/2019
Britain’s onshore and offshore wind farms generated more electricity than any other source, providing 35.6 per cent, compared to 31.2 per cent by gas, 21.3 per cent by nuclear, 6.7 per cent by biomass, 2.6 per cent by coal, 1.8 per cent by hydro and 0.8 per cent from other sources, between 8 and 14 March 2019, according to data supplied by independent analysts Aurora Energy Research.
18/03/2019
The European Commission has finally delivered a verdict on biofuel produced from palm oil, concluding that the cultivation of palm oil, mostly undertaken in Indonesia and Malaysia, results in excessive deforestation and should not be eligible to count toward EU renewable transport targets.
15/03/2019
The PRA and FCA have hosted the first meeting of the Climate Financial Risk Forum (CFRF) with the objective of sharing best practice in responses to the financial risks from climate change.
15/03/2019
Ellen MacArthur Foundation’s First Global Commitment report reveals details of industry and government efforts to tackle plastic waste and pollution and includes for the first time data from some major companies including Carrefour, Colgate Palmolive, MARS, Incorporated, Nestlé, SC Johnson, The Coca-Cola Company, and Unilever.
15/03/2019
The Government has announced that there are now over 800,000 employees in the UK are now covered by the Women in Finance Charter, with 30 new companies signing up to the plan.
15/03/2019
Insurers Mapfre and Uniqa have announced that they are adopting policies to stop or limit insuring coal. With the addition of these two, the total number of insurers now taking action against coal has reached ten.
15/03/2019
BNP Paribas Asset Management has announced it will implement an enhanced coal-exclusion policy, accelerating its commitment to tackling climate change by divesting from the single largest source of carbon emissions.
14/03/2019
In an interview with the Financial Times, Shell has stated that it aims to become a major electricity company.
14/03/2019
Oil major BP and non-profit Environmental Defense Fund (EDF) have announced a three-year strategic commitment to advance technologies and practices to reduce methane emissions from the global oil and gas supply chain.
13/03/2019
Palletways, the palletised freight network, has announced it will be partnering with the road safety charity Brake to deliver education sessions in schools across the UK.
13/03/2019
New pension rules requiring providers to disclose environmental, social and governance (ESG) considerations “is not enough” to protect savers from the risks posed by climate change, according to UKSIF chief executive, Simon Howard.
13/03/2019
IKEA Transport and Logistics Services, CMA CGM, the GoodShipping Program and the Port of Rotterdam have announced they are cooperating in testing sustainable marine bio-fuel oil.
13/03/2019
The UN is sounding the alarm over the levels of chemical pollution across the globe. Seeking to alert policymakers and other stakeholders to the critical role of the management of chemicals and waste in sustainable development it has released the Global Chemicals Outlook II report.
13/03/2019
The Financial Conduct Authority (FCA) has fined The Carphone Warehouse £29m for its Geek Squad, a mobile phone insurance and technical support product. This follows an FCA investigation which stemmed from whistleblowing reports.
13/03/2019
This year’s award shortlist has been announced, with a mix of major companies, community-focused organisations, partnering charities and innovative ideas.
12/03/2019
The Australian Council of Superannuation Investors (ACSI) is partnering with Hermes EOS to provide engagement services to its clients and members.
12/03/2019
IKEA’s SolarVille project has used a model town to evaluate how solar energy systems linked by microgrids and blockchain can open new opportunities, potentially allowing people ‘leapfrog’ the traditional electricity grid.
12/03/2019
The Department for Digital, Culture, Media & Sport has issued a proclamation that businesses wanting to secure government contracts will need to show that they can also improve society, such as helping address modern slavery or climate change.
11/03/2019
Chancellor Phillip Hammond is expected to use the Spring Statement to unveil a set of green measures.
11/03/2019
BlackRock has launched a sustainable ETF range with six new ESG funds that also target a 30 per cent carbon reduction.
11/03/2019
UK insurers hold over £1.8tr in invested assets, and there are also trillions more managed by investment firms and banks. At the moment, only around 1.2 per cent of all these assets under management in the UK are invested in ESG assets.
11/03/2019
The Norwegian Sovereign Wealth Fund, with over $1tr in assets, is set to dump oil and gas stocks, despite the very foundation of the fund being created from North Sea oil.
08/03/2019
According to IFC, private equity and venture capital funds that have greater gender-balance in their senior investment teams managed to generate10 per cent to 20 per cent higher returns compared with funds that have a majority of male or female leaders.
08/03/2019
Jaguar Land Rover is the first cart maker to independently rate its product’s on-road emissions, using testing and rating for inclusion by the AIR (Allow Independent Road-testing) Index.
07/03/2019
According to a report by the World Wildlife Foundation (WWF) and compiles by Dalberg Advisors, the world has produced as much plastic since 2000 as all preceding years combined and if business continues as usual, by 2030 the plastic system is expected to double the amount plastic pollution on the planet.
06/03/2019
A research paper from Gunther Glenk and Stefan Reichelstein published in Nature compares the costs of renewable energies and notes that the sharp decline in the cost of renewable energy suggests that the production of hydrogen from renewable power through a power-to-gas process might be becoming more economical and inline, if not cheaper, than alternatives. As hydrogen has potential as an efficient energy storage medium – most prominently as a fuel for vehicles – the shift in economics could have considerable impact.
06/03/2019
The UK’s carbon emissions have dropped for the sixth year in a row, making this the longest series of continuous reductions on record.
06/03/2019
In an analysis of 33 countries across the globe, PwC Women in Work Index found the UK is making progress, ranking second out of the G7 countries and performing above the OECD average.
06/03/2019
The new Offshore Wind Sector should triple the number of highly-skilled jobs in the green sector by 2030 and place the UK as a global leader in renewables.
06/03/2019
Hubbub’s Community Fridge Network will double in size by the end of 2020 thanks to National Lottery funding. The 50 community fridges already in existence will be joined by a further 50 sites over the next 22 months.
06/03/2019
The UK car market made a slight recovery last month with 81,969 new vehicles registered in February, up 1.4 per cent from a year earlier according to figures from the Society of Motor Manufacturers and Traders (SMMT).
05/03/2019
ClientEarth is warning Lloyd’s of London of legal and financial risks associated with the Carmichael coal mine in a letter, prompted by the group’s failure to rule out underwriting the controversial project.
05/03/2019
The airline sector makes a significant contribution to climate change, it currently accounts for 2 per cent of global CO2 emissions, yet many are utilising carbon offsetting rather than creating plans that reduce their own flight emissions, and research shows that the industry needs to reduce its own emissions significantly in order to limit warming to below 2C and not to rely on offsets.
05/03/2019
IFC is to attempt to accelerate the growth of the $33bn global green-loan market by offering a green loan product for businesses in developing countries to obtain green financing.
05/03/2019
A report from financial services group Sanlam UK, the Generation Game, has found that 5.1 million people are likely to receive an inheritance over £50,000, but those under-45s are embracing ethically based financial options such as socially responsible investing (26 per cent), impact investing (15 per cent) and venture philanthropy (10 per cent) to manage the assets. The corresponding figures for the over-55s surveyed are 20 per cent, 5 per cent and 6 per cent respectively.
05/03/2019
Global confectionery, food, and beverage company Mondelēz International is increasing its efforts to fight deforestation.
05/03/2019
The Church Investors Group (CIG) has informed FTSE 350 companies, ahead of this year’s AGM season, that it will be taking a tougher voting line where it believes reform on key issues is deemed to be too slow.
04/03/2019
The European Commission has announced an investment programme worth over €10 billion for low-carbon technologies in several sectors to boost its global competitiveness.
04/03/2019
3M has announced that it is committing to 100 per cent renewable electricity in all its facilities globally, including the immediate switch to renewables for its headquarters.
04/03/2019
Consumer expert Richard Lloyd has been appointed as a non-executive director to the board of the Financial Conduct Authority (FCA).
04/03/2019
The total average of CO2 emissions has increased by 2.4 g/km to 120.5 g/km in 2018, making last year the highest average following four years of lowering emissions.
04/03/2019
Direct effects of CO2 emission could be aggravated by indirect factors, with temperatures in the Arctic rising twice as fast as in the rest of the world, permafrost soils thaw potentially releasing vast amounts of carbon dioxide (CO2) and methane (CH4) to the atmosphere.
01/02/2019
The FT has reported that Poland is issuing a third green bond, making it the most frequent sovereign issuer of debt in green finance.
01/03/2019
Social enterprise B4RN (Broadband for the Rural North) is aiming to raise £3m through crowdfunding. Supported by Triodos Bank, the bond will pay 4.5 per cent gross interest per year for its seven-year term.
01/03/2019
The European Fund and Asset Management Association (EFAMA) has welcomed the agreement to extend the existing transitional period for critical and third country benchmarks on carbon until the end of 2021.
28/02/2019
Institute for Energy Economics and Financial Analysis (IEEFA) has revealed over 100 major global financial institutions have introduced policies restricting coal funding.
28/02/2019
WRAP and OPRL (On-Pack Recycling Label) have announced a strategic partnership which sets out how the two organisations will work together towards meeting the UK’s recycling targets.
28/02/2019
The Financial Conduct Authority (FCA) has today published the key findings of supervisory work to assess the effectiveness of disclosure by asset managers and intermediaries, such as wealth managers, to their retail customers. This work was prompted by new disclosure requirements on costs and charges introduced by MiFID II and The Package Retail and Insurance-based Investment Products (PRIIPs), which came into effect in January 2018.
28/02/2019
Two British companies are in the 12 selected from over 500 submissions from 50 countries to gain investment from the NextGen Consortium Loop Partners to scale their ideas, get mentoring from the industry or facilitate rapid testing to bring the solutions to life.
28/02/2019
The John Lewis Partnership has received Disability Confident Leader status from the Department for Work and Pensions’ scheme which recognises and supports employers who recruit and retain people with disabilities
27/02/2019
ScottishPower has announced it will spend £2bn in the UK in 2019 in its updated its investment plans following the sale of its thermal generation business and transition to 100 per cent renewable energy in 2018.
27/02/2019
US-based shareholder advocates As You Sow has released its listing of the most ‘overpaid’ heads of US business.
27/02/2019
VW subsidiary SEAT has teamed up with IBM to develop Mobility Advisor, a system that uses IBM Watson AI to help created better-informed decisions about transportation options: from cars, to scooters, to bikes and public transport.
27/02/2019
JP Morgan Asset Management has hired Jennifer Wu as its global head of Sustainable, luring her away from BlackRock where she was a member of its Sustainable Investing team.
26/02/2019
Mining and resource company Glencore is making a conversion to enabling a low carbon economy, saying that “this transition is a key part of the global response to the increasing risks posed by climate change”.
26/02/2019
A new campaign has been launched by the City of London Corporation encouraging more City financial and professional services firms to pay the London Living Wage.
26/02/2019
Amazon has announced plans to create over 1,000 full-time apprenticeship roles in the UK over the next two years. The new apprentices will add to over 27,500 permanent employees currently in the UK.
26/02/2019
Nestlé, Coca Cola, P&G and other consumer firms are now in a race to adapt to rapidly changing consumer trends, including a rise in veganism and concern over plastic packaging, but some are more fleet of foot than others
26/02/2019
Are we nearly there yet? A new research report from PwC shows that the private equity (PE) industry believes that there is a clear business case for responsible investment – embedding the effective management of ESG issues in portfolio companies and believing in the value derived.
25/02/2019
A new report from S&P Global Ratings reveals that corporate green bonds have been slow to catch on in the US, despite issuer willingness to consider sustainable financing in the capital mix.
25/02/2019
Ahead of the 2019 AGM season, the Investment Association (IA) has announced it will highlight companies who are lagging behind on diversity or pay pension contributions to executive directors at rates above the majority of the workforce.
25/02/2019
Austrian insurer Vienna Insurance Group (VIG) recently acquired subsidiaries that had interests in the Polish coal sector, but has now decided to distance itself from this, and is now the eight insurer announcing a reduction of its coal business.
25/02/2019
Trade credit insurer Atradius has put in place a team of mental health first aiders. The 13-strong team at the firm’s headquarters have each received specialist training in mental health and employee wellbeing so they can spot the signs and symptoms of mental ill health issues.
2019-02-22
Signatories to the UN Principles for Responsible Investment (PRI), including investment managers and service providers, will be obliged to report on their management of climate-related risks from 2020.
22/02/2019
Despite President Trump’s claims that North Korea will become an “economic powerhouse”, Kim Jong-un’s authoritarian regime has been classified as the world’s most perilous investment destination for business, according to a study carried out by risk analysts at Verisk Maplecroft.
2019-02-21
Wind energy produced 14% of electricity generated in the EU during 2018, up from 12% in 2017, according to new figures from WindEurope. Wind power accounted for just under half of new power generation capacity brought online in the EU during 2018, although the amount of new wind capacity was noticeably lower than in 2017, the industry’s record year.
21/02/2019
The EU has made a provisional commitment to reduce CO2 emissions from new trucks and buses by 30 per cent compared to current levels before 2030, as part of its overall commitment to reduce greenhouse gas emissions. It has set an interim target of a 15 per cent reduction by 2025 and will seek to create new incentives for manufacturers to build low and zero emission trucks.
20/02/2019
More than half (53 per cent) of 859 major companies disclosing environmental performance data to the Carbon Disclosure Project (CDP) still have no overall carbon emissions reduction target. Almost half (47 per cent) do now reward senior management for managing climate-related risks; and one in four link management incentives to climate-related targets.
19/02/2019
The UK Government has published proposals for changes in waste management, including making businesses pay for the full cost of recycling or disposing of packaging waste, introduction of a consistent kerbside recycling scheme across England, a deposit return scheme for cans and bottles; and a tax on plastic packaging that contains less than 30 per cent of recyclable material content, to be introduced from 2022.
18/02/2019
US and European equities rated as controversial underperform their benchmarks according to research conducted by Ossiam into the behaviour of stocks connected with environmental, social and governance (ESG) issues.
15/02/2019
A report written by E4tech and Imperial College London and published by Drax Group outlines energy use and sources globally and ranks 25 major world economies on their efforts to transition to clean energy.
15/02/2019
Zouk Capital has been announced as the preferred bidder for the Government’s Charging Infrastructure Investment Fund (CIIF) and is entering into exclusive negotiations to manage the fund.
15/02/2019
BP’s annual Energy Outlook has been published, setting out the global energy markets to 2040. The report predicts the need for more whilst also undertaking a rapid transition to a lower-carbon future. The report also considers greater regulation of plastics.
14/02/2019
OVO has announced a strategic investment from Mitsubishi Corporation for a 20 per cent stake in the business and will use the proceeds to expand into new markets across Europe and Asia Pacific and accelerate the development of its intelligent energy technologies unit, Kaluza.
14/02/2019
The share of energy from renewable sources in the EU reached 17.5 per cent in 2017, rising 0.5 per cent from 2016 and more than double that of 2004, the first year for which data is available.
13/02/2019
Over 140 asset managers, asset owners, wealth managers and service providers from across the globe representing $6.8trin investor funds have come together to demand Index providers to remove controversial weapons from mainstream indices.
13/02/2019
IFC has committed an investment of $75m in the first-ever listed green bond issued by AC Energy Finance International, anchoring a $300m green bond. This is the first infrastructure-focused green bond to be publicly listed in Southeast Asia and helps open up more financing for renewable energy projects in the Asia Pacific region.
13/02/2019
Hermes Investment Management has surveyed investors across Europe and found that there is a growing risk of these investors ignoring their responsibilities as stewards.
12/02/2019
Human impact on the environment has reached a critical stage, potentially eroding the conditions upon which socioeconomic stability is possible and the window of opportunity to avoid catastrophic outcomes in societies around the world is rapidly closing.
12/02/2019
National Grid has confirmed that wind energy generation hit a new high of 15.32GW on 8 February beating the previous record of 15.04GW set on 18 December 2018. The result comes as the Hornsea One windfarm on the Yorkshire coast will start supplying power to the UK grid.
12/02/2019
The successful transition towards a low-carbon economy, as defined by the Paris Climate Agreement, is projected to result in a 1.1 per cent growth in GDP, and a 0.5 per cent growth in employment in the EU between now and 2030 according to EU Agency Eurofound.
12/02/2019
A seven-year programme will include three universities working with steelmakers to make steel manufacturing carbon neutral.
12/02/2019
Oil major Chevron has published an update describing the company’s approach to managing climate change risks and will follow BP in linking results to executive pay.
11/02/2019
A £67.4 million tidal flood barrier in Ipswich has been officially opened offering protection for 1,600 homes and 400 businesses.
11/02/2019
Norges Bank Investment Manager (NBIM), which manages the world's largest sovereign wealth fund, has revealed that it held 1,500 company meetings last year on the ESG issues with companies as it seeks to increase the pressure on companies to protect the environment.
08/02/2019
Finding an agreed measure for impact from investment has long been an issue, but the Investment Leaders Group (ILG) has now developed a framework that could enable a revolution in consumer choice in financial services.
06/02/2019
Ceres has published a report with insight into how companies can better capitalise on the opportunities to credibly present sustainability as a driver of business value and communicate with investors.
08/02/2019
The first carbon dioxide capture has been made at Drax Power Station in its bioenergy carbon capture and storage (BECCS) pilot, with the project potentially enabling the first negative emissions power station.
08/02/2019
US telecommunications company Verizon has announced a $1bn green bond to support sustainability initiatives.
07/02/2019
The new European Technology and Innovation Platform on Batteries has been launched bringing together private and public sectors to help accelerate battery technology and adoption. By enhancing support for research and innovation on all types of battery technologies, the new platform will consolidate the industrial basis for this sector in Europe, creating new growth opportunities and new jobs.
07/02/2019
The Investec UK Sustainable Equity Fund has been launched, focussed on positive impact. The fund will invest primarily in the shares issued by UK companies deemed to be making a positive contribution to society and/or the environment through sustainable and socially responsible practices, products and/or services.
07/02/2019
With an international team based in the UK, India, Hong Kong, and the UAE, Worrld We Want (WWW) has been launched in response to the UN Secretary General Antonio Guterres’ warning at the World Economic Forum Annual Meeting in Davos 2019 that the world’s problems are becoming more ‘integrated’ but its responses more ‘fragmented’ and ‘dysfunctional’.
07/02/2019
Europe installed 2.6 GW of new offshore wind energy capacity in 2018, according to statistics released today by WindEurope - an 18 per cent increase in Europe’s offshore wind capacity.
07/02/2019
Figures from the Department for Business, Energy & Industrial Strategy show that the UK’s emissions again fell in 2017 and ended 2.7 per cent lower than in the previous year. Whilst globally the level of greenhouse gases has risen, the UK target of cutting CO2 emissions 80 per cent by 2050 means that the country is on track to meet the goals.
06/02/2019
Bank Aldermore has chosen Mind as its charity of the year after the charity won a company-wide employee vote.
06/02/2019
Sleeping Giants – are bond investors ready to act on climate change? is a new report from ShareAction based on 22 in-depth interviews with asset managers, asset owners and other corporate bond market professionals.
06/02/2019
ShareAction’s Workforce Disclosure Initiative (WDI) has reported that it has now had exchanges with over 240 companies headquartered in 23 countries regarding the measuring, monitoring and caring for their workforce.
06/02/2019
BT, Nestle, Honda and Alphabet are among over 120 companies recognised by environmental disclosure platform CDP for their work to reduce emissions and environmental risks in their supply chain.
06/02/2019
A report by The Co-operative Bank into the importance of purpose amongst the UK’s 5.7 million small and medium-sized businesses reveals 70 per cent are purpose-driven businesses with a strong desire to make a difference in the lives of their customers and local communities.
05/02/2019
Delivery firm Hermes and union GMB have agreed on a deal that will improve the working conditions for its couriers, giving them paid holiday and guaranteed wage rates.
04/02/2019
CPR AM, a subsidiary of Amundi, has launched a new fund with CDP that is ‘dedicated’ to the fight against global warming.
04/02/2019
Iceland Foods Charitable Foundation is to donate £1m to dementia research, as Alzheimer's Research UK is announced as its new charity partner for 2019.
04/02/2019
The Office of National Statistics has released its fourth Low Carbon and Renewable Energy (LCRE) Economy Survey and reported that the UK low carbon and renewable energy (LCRE) economy grew by 6.8 per cent to £44.5 billion in 2017, from £41.7 billion in 2016, and additionally, exports grew to £5.0 billion.
01/02/2019
RAF Marham is set to become the first military airbase to be powered by green electricity.
01/02/2019
BP will support a call from a group of institutional investors for the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement.
01/02/2019
Signatories to the Principles for Responsible Investment (PRI) reached 2,232 in 2018, a 21 per cent increase on the previous year.
01/02/2019
Ratings agency S&P Global Ratings expects to incorporate ESG sections in approximately 2,000 credits through the course of the year – representing around 40 per cent of S&P Global Ratings’ rated corporate universe.
01/02/2019
The PRI has released its third part of its report into ESG, credit risk and ratings recommending credit rating agencies flag up ESG risks and opportunities in reports.
01/02/2019
In autumn 2018 the Environmental Audit Committee (EAC) wrote to sixteen leading UK fashion retailers asking what they are doing to reduce the environmental and social impact of their products.
31/01/2019
Despite slowing global issuance and a likely shift in the credit cycle, the green bond market is expected to remain resilient according to the latest report by S&P Global Ratings.
31/01/2019
The Financial Reporting Council (FRC) is consulting on a new Stewardship Code that sets expectations for investor stewardship policy and practice. The Code will focus on how effective stewardship delivers sustainable value for beneficiaries, the economy and society.
31/01/2019
The National Lottery funder has committed to more than £1bn over the next five years, it was announced today.
31/01/2019
Germany’s reliance on coal power might be coming to an end. The largest energy carbon emitter in Europe, producing twice the greenhouse gases of the UK) has endorsed welcomed an official proposal to phase out coal-fired power stations.
31/01/2019
Investors representing over $6.5tr are calling on six of the largest companies in the $570bn global fast-food sector to act on the climate and water risks in their supply chains.
29/01/2019
Two-thirds (67 per cent) of UK corporates will be disclosing climate-related risks and opportunities in their 2019 annual reporting, according to figures released by the Carbon Trust.
29/01/2019
European companies have now signed nearly 5 GW of power purchase agreements (PPAs) with wind farms. This is almost equivalent to Denmark’s total wind energy capacity.
29/01/2019
Bristol Wood Recycling Project (BWRP) raising £430,000 through a new bond offer on Triodos Bank's crowdfunding platform. The enterprise collects, repurposes and sells wood that would otherwise go to waste.
28/01/2019
Chemicals company Solvay has agreed new terms in an existing €2Bn revolving credit facility, linking the cost of credit to a reduction in greenhouse gases.
28/01/2019
Waitrose & Partners has launched a new initiative, called Plan Plastic - The Million Pound Challenge it will award money, over one year, to projects that can demonstrate an impact on plastic pollution now and in the future.
28/01/2019
Aldi has made good on its promise to be carbon neutral this year. Operations in UK and Ireland, which account for more than 900 stores and 11 distribution centres, will cut the equivalent of 160,000 tonnes of emissions through carbon reduction and carbon offsetting.
25/01/2019
BP Ventures has invested in PowerShare, an integrated hardware and software solutions provider for electric vehicle (EV) charging in China. The investment is part of PowerShare’s Series A round, which was led by BP Ventures and draws support from DETONG Capital Partners, a leading private equity firm in China.
25/01/2019
A coalition global consumer goods companies are to trial reusable, refillable packaging as part of a new scheme that aims to change the world’s reliance on single-use packaging and disposable waste.
24/01/2019
A report from the Ellen MacArthur Foundation, published in collaboration with Google and with analytical support from McKinsey & Company, estimates that artificial intelligence (AI) could accelerate the transition towards a circular economy, offering substantial improvements in three main areas: product design, operations, and infrastructure optimisation.
24/01/2019
The Global 100 list that ranks corporations on their performance in reducing carbon and waste, their gender diversity among leadership, revenues derived from clean products, and overall sustainability has been published to coincide with the Davos summit.
24/01/2019
BlackRock, the world’s largest fund manager, has informed the Securities and Exchange Commission in the US that it intends to launch a fund that will invest in environmentally friendly companies and socially responsible investments.
24/01/2019
First Direct has been placed at the top of a new customer satisfaction list, but M&S Bank is the top performing brand in ‘emotional connection’ dimension, which measures the extent to which an organisation engenders feelings of trust and reassurance in customers.
23/01/2019
The retail sector is experiencing its annual ‘new year hangover’ of returns and to help prevent over half of these going straight to landfill or incineration reuse marketplace Globechain is attempting to connect corporates to charities, businesses and people in order to redistribute unwanted items in the B2B sector.
23/01/2019
Kimberley Lewis has been appointed as engagement director for Hermes EOS, focusing on enhancing the activities of the group in North America. Based in London, she reports to Bruce Duguid, head of stewardship.
23/01/2019
FM Global has become the first US insurer to take action to limit coal insurance. Together with other international insurance companies, FM Global pledged not to support the Adani Group’s proposed Carmichael coal mine in Western Australia. The list includes Allianz, AXA, Generali and Zurich, reinsurers Munich Re, Swiss Re, SCOR, QBE and Suncorp.
23/01/2019
Corporate Citizenship, the specialist consultancy, has made the prediction that this year could see the rise of ethics accountability in major technology companies.
23/01/2019
Investment manager Ossiam has launched the first European ESG ETF to use machine learning techniques. The Ossiam World ESG Machine Learning UCITS ETF aims to deliver the net total return of a selection of equities in global developed markets using a machine learning algorithm that ranks companies according to their ESG and financial potential based on the analysis of data. The selection of companies is fine-tuned over time as the algorithm learns from the data.
23/01/2019
Companies forming the “Alliance to End Plastic Waste” are often investing billions of dollars in the production of plastics. Many of the 28 members forming the Alliance, including major companies like BASF, Shell, ExxonMobil and Dow, have scheduled future billion dollar investments in the expansion of plastic production according to research by the Dutch-Belgian environmental NGO Recycling Netwerk.
22/01/2019
CDP, the non-profit environmental disclosure platform, has released its annual assessment of the world’s companies.
22/01/2019
An industry guide to help heritage sites using risk management, insurance and investment activities will be created in 2019 with leading insurers. The main aim of the guide is to provide practical guidance to insurers on how to prevent or reduce the risk of insuring and investing in companies or projects whose activities could damage World Heritage Sites.
21/01/2019
A Berkshire-based charity that provides grants in the local area, the Greenham Trust, has announced that it has raised £25m through a 25-year secured private placement with Aberdeen Standard (ASI). JCRA, the independent financial risk advisory firm, arranged the deal on behalf of the Trust.
21/01/2019
New onshore wind installations are at the lowest level since 2011 with 598MW created made up of 263 turbines at 54 sites, down from a record 2,666MW installed in 2017.
21/01/2019
The Electric vehicle market grew 19 per cent in 2018 with almost 60,000 new plug-in electric cars registered in the UK with the total number of new electric and plug-in hybrid cars registered standing at 59,911, making it the most successful year for electric cars to date.
21/01/2019
The Merseyside Pension Fund (MPF) has confirmed that it has invested £400m in a new All World Equity Climate Balanced Multi-Factor Index Sub-Fund. In November 2018, MPF announced that it had selected a Smart-Sustainability Index from FTSE Russell, to support the implementation of its Climate Risk Strategy within the Fund’s listed equity portfolio. The fund is being managed on behalf of MPF by State Street Global Advisors (SSGA).
17/01/2019
Hitachi’s decision to suspend work on the Wylfa nuclear power project could lead to a major revision of the Government’s carbon targets.
17/01/2019
UK Power Networks has launched a new £300,000 fund for community organisations offering energy efficiency and advice to 900,000 households.
17/01/2019
Eurosif has announced a strategic review of its mandate assisted by Thierry Philipponnat, the former chairman of the French Sustainable Investment Forum (FIR) and former head of Finance Watch.
17/01/2019
Allianz, AXA and Swiss Re are among the brands to have received most praise from NGOs in 2018, on account of their efforts on climate change.
17/01/2019
The new head of Goldman Sachs has apologised over the role the company played in a Malaysian 1MDB wealth fund scandal.
17/01/2019
Somewhat self-promoting, but our awards are open for entries and you need to get your organisation’s or partnership submission in soon.
17/01/2019
Alliance for Board Diversity (ABD) and Deloitte have published a study showing that the number of Fortune 500 companies with their boards having over 40 per cent women or minorities is at a high, doubling from 69 to 145 since 2012. The Missing Pieces Report: The 2018 Board Diversity Census of Women and Minorities on Fortune 500 Boards shows that women and minorities comprise an average of 34 per cent of board seats among Fortune 500 companies, up from 30.8 per cent in 2016.
16/01/2018
Hubbub’s #LeedsByExample campaign helped bring together 26 major companies to co-invest in a high street recycling campaign in Leeds, and now the charity wants to replicate this model to tackle Londoner’s exposure to poor air quality.
16/01/2018
UK Power Networks Services is partnering with UPS, High Speed 1 and WMG to assess the feasibility of using wireless charging to support the use of EVs in commercial fleets on London’s roads.
16/01/2018
IKEA UK is partnering with the Greenwich Cooperative Development Agency (GCDA) ahead of the new IKEA Greenwich opening in February. Through the collaboration, IKEA Greenwich and GCDA will work to promote healthy and sustainable living across local Greenwich communities.
15/01/2019
Coca-Cola, Tesco and Sky have signed a statement urging Scotland to adopt a policy of zero net emissions.
15/01/2019
The new Barclays Energy and Climate Change Statement describes climate change as one of the greatest challenges faced by the world today and highlights the role banks have to play in limiting the threat that climate change poses to people and to the natural environment.
15/01/2019
Research from Amundi suggests that ESG screening will have a positive outcome for portfolio performance
14/01/2019
A group of investors and shareholder advocacy groups have united to write an open letter to Blackrock CEO and chairman Larry Fink calling on the company to improve its climate engagements, in anticipation of its CEO’s yearly letter to companies reminding them of their need to address global strategic challenges and deliver long-term value for shareholders and society.
14/01/2019
The Chinese National Energy Administration of the National Development and Reform Commission has announced that development of wind power and photovoltaic power generation are now, in some regions, acquiring on-grid parity of coal-fired benchmarks.
11/01/2019
The West Africa Regional Stock Exchange, Bourse Régionale des Valeurs Mobilières (BRVM), and the IFC have signed an agreement for improving corporate governance practices of listed companies. Under the agreement, IFC will help BRVM design, develop, draft and implement a corporate governance code.
11/01/2019
The OVO Foundation is providing additional funding to tackle youth homelessness through supporting West Midlands based charity St Basils’ Live and Work Scheme.
11/01/2019
Nordea Asset Management (NAM) has added a new member to its STARS equity family, a suite of ESG solutions. The Nordea 1 – North American Stars Equity Fund leverages the successful track record of the Nordea 1 – Global Stars Equity Fund.
09/01/2019
Based on preliminary power generation, natural gas and oil consumption data, Rhodium Group has estimated that US carbon dioxide (CO2) emissions increased by 3.4 per cent in 2018.
09/01/2019
New brand Elli (Electric life) will see VW enter the power supply market – following the likes of Tesla and Shell as EVs start to gain a share of the transport sector and traditional manufactures and supplier vie to create complete energy ecosystems.
09/01/2019
The World Wildlife Fund (WWF) has valued goods and services from the ocean economy at around $2.5 trillion each year, with SE Asia set to produce a quarter of the world’s seafood by 2030, a core sector of the blue economy.
08/01/2019
The Big Issue and Konica Minolta are partnering to offer readers augmented reality via an app, genARate.
08/01/2019
Kwik Fit has selected Children with Cancer UK as its first Charity of the Year, following a vote open to 5,000 Kwik Fit employees. The partnership will run throughout 2019 and has a fundraising target of £1m with the objective of helping to fund a new family accommodation at Royal Manchester Children’s Hospital.
07/01/2019
UK new car registrations fell by 6.8 per cent in 2018 to 2.37m units, but plug-in cars reached a record according to the Society of Motor Manufacturers and Traders (SMMT).
07/01/2019
Sustainable infrastructure company NTR has attracted commitments of €229m for its Renewable Energy Income Fund II, of which €145m has been secured for the fund’s first close. The fund is targeting €500m and will invest in both pre-construction and operational onshore wind and solar projects across a number of European markets, together with energy storage that is associated with the wind and solar projects owned by the fund.
04/01/2019
The Latest Chartered Institute of Personnel and Development (CIPD)/High Pay Centre analysis finds that the average FTSE 100 CEO is paid £1,020 per hour and £3.926m a year, an increase of 11 per cent on the previous year.
04/01/2019
A from Norwegian recycling company Geminor carrying Refuse-Derived Fuel (RDF) from Italy has reached port in Sjelland, Denmark. The test shipment, consisting of 2,369 tonnes of sorted household waste RDF from Naples, is the first waste fuels export from Italy to the Scandinavian market.
03/01/2019
The amount of electricity generated in the UK last year fell to its lowest level in a quarter-century, according to a Carbon Brief analysis.
03/01/2019
The Royal Statistical Society (RSS) holds an annual award for statistics (of course). This year’s Statistics of the Year (SOTY) related to plastic waste and the use of solar energy – the winners of this year’s International and UK categories respectively.
02/01/2019
The Government has appointed Ben Elliot as its first Food Surplus and Waste Champion to promote awareness of the issue of food waste
02/01/2019
A new wind energy generation record achieved this week as the National Grid confirmed that on 18 December onshore and offshore wind generated 15 GW for the first time between 11.15am and 12.15pm, supplying 34.7 per cent of Britain’s electricity needs. This beats the previous records of 14.9GW set last month and 13.8GW in March when the Beast from the East was at its height.
21/12/2018
Groupe Renault and Chinese EV maker JMCG have announced an agreement whereby Renault will take a significant part of JMEV, a subsidiary of JMCG and one of the main EV players in China.
21/12/2018
EDF Renewables North America and Shell New Energies have announced that their joint venture, Atlantic Shores Offshore Wind will be developing a lease of 183,353 acres in the New Jersey Wind Energy Area (WEA).
21/12/2018
Bank of England (BoE) Governor Mark Carney has suggested that an assessment of the level of climate risk in finance could be brought forward next year, and added to the stress tests for banks.
19/12/2018
Coming ahead sports cars, city cars and midsize executive segments, electric cars are the UK’s fourth most researched areas online, with only compact, supermini and SUVs segments of the car market rating higher.
19/12/2018
AB InBev, the owner of the Budweiser brand, has announced that it will use 100 per cent renewable energy in is UK Budweiser operations in a 15 year deal with BP’s Lightsource solar energy company.
19/12/2018
The Government has published its strategy for future resources and waste, setting out an intention to double resource productivity and eliminate avoidable waste (including plastic waste) by 2050.
18/12/2018
IKEA’s new Greenwich store, due to open will open 7 February 2019, is intended to be a beacon of sustainability and accessibility.
18/12/2018
Tesco will be donating over a quarter of a million meals of surplus food to charities and community groups this Christmas, having already given 36m meals to good causes through its Community Food Connection scheme, which distributes surplus food from its stores at the end of the day in conjunction with charity FareShare.
18/12/2018
More than 2GW of offshore wind was brought into operation in UK waters during 2018 with eight new wind farms officially opened, nearly double the previous annual record of in 2012. This near-doubling of capacity was achieved with just 18 per cent more turbines than were installed in 2012 underlining the impressive growth in turbine power in the last 6 years.
17/12/2018
A Microsoft director has said that companies must refuse to create artificial intelligence that is unethical and could harm humanity, even if it affects their profits.
17/12/2018
You might have wondered why there has been near radio silence on the goings on at Cop24. In part, it is because despite a two-week extended meeting, with 30 000 participants, the political outcomes are complex, technical and slow. And there weren’t many.
17/12/2018
The World Economic Forum has published work by the Women Political Leaders Global Forum, that has, in cooperation with Kantar, created the ‘Reykjavik Index for Leadership’ to help understand global attitudes to gender equality in leadership roles.
14/12/2018
The UN climate talks in Poland are nearing the end, with a number of issues still unresolved. As nations grapple with the huge number of decisions and potential consequences of those, the stumbling blocks seem to remain as countries most vulnerable seek faster action.
14/12/2018
Customers can sign up to help at dementia research kiosks inside Virgin Money Lounges, where people can register their interest to take part in research studies close to them.
13/12/2018
The annual 'Building a More Just Marketplace: The 2018 Rankings of America’s Most JUST Companies' have been published, listing the companies that Americans most respect – and also the issues that they believe are the most important components to asses them on. Both are revealing.
13/12/2018
Neil Young has criticised the promoters of his Hyde Park concert with Bob Dylan in London for including Barclays as a sponsor, citing its funding of fossil fuel extraction, forcing the promoter to remove Barclays from the event.
13/12/2018
The European Bank for Reconstruction and Development (EBRD) urban greening programme, Green Cities, is quadrupling in size and has also won €87m from the Green Climate Fund (GCF) Board.
12/12/2018
Mercedes-Benz maker Daimler will purchase battery cells worth more than €20 billion over the next decade as part of its continuing investment in the expansion of its electric fleet and related technologies such as the global battery production network.
12/12/2018
Following the announcement by Shell that it will link executive pay to carbon-reduction, logistics company Maersk and US electric power company Xcel Energy have pledged to cut their carbon emissions to zero by 2050.
12/12/2018
Sky has announced that 2019 will be the final year of its involvement in cycling, after over a decade of support. Team Sky will compete for the last time throughout the 2019 road racing season following its very successful, but at times controversial, history.
12/12/2018
Barclays has launched a new feature for customers within its mobile banking app giving them the ability to ‘turn off’ spending with certain types of transaction.
11/12/2018
Most Chinese deals in energy and transportation from 2014 to 2017 were tied to carbon-intensive sectors and did not show a strong alignment with the low-carbon priorities included Belt and Road Initiative (BRI) countries’ NDCs.
11/12/2018
Sub-Saharan Africa’s small to medium-scale renewable energy sector will benefit from the UK Government’s commitment to £100m of extra funding – announced at COP24.
11/12/2018
During the COP24 Poland has vowed to be the first country from Central Europe to join the United Nations Global Compact Government Group initiative – the forum of UN cooperation that brings together companies that want to work for responsible development, and it enables them to influence the direction of UN activities in this field.
11/12/2018
Investors with more than $32tr in assets under management have called for governments to step up efforts to avert climate change as COP 24 continues in Poland.
10/12/2018
A group of 15 large institutional investors, coordinated by ShareAction, with assets totalling over £180bn are writing to FTSE companies to encourage them to accredit with the Living Wage Foundation.
10/12/2018
McVitie’s owner pladis UK & Ireland has announced a wide range of measures to reduce its environmental impact through plastic waste.
07/12/2018
Blockchain might help provide a solution to Africa’s energy deficit, where demand for electricity largely exceeds supply and thus the need for large-scale imports of polluting power generating sets.
07/12/2018
Panalpina, the Swiss logistics company with branches in more than 80 countries has a seasonal tradition of offering its air charter expertise to UNICEF. As with last year, it has assisted UNICEF by flying relief aid to Africa to help children in South Sudan.
07/12/2018
Just 10 per cent of the companies have implemented a carbon reduction target, and very few have committed to setting science-based targets, which reflect the action needed at a corporate level to keep global warming within 2°C.
06/12/2018
Global fossil CO2 emissions are projected to rise by 2.7 per cent in 2018 according to the Global Carbon Project (GCP). This is on top of 2017's rise of 1.6 per cent after being flat for the three years before.
06/12/2018
The UK’s main gambling companies have voluntarily agreed to a ban on television advertising during live sports broadcasts. The Remote Gambling Association (RGA), including firms such as Bet365 and Ladbrokes has responded to criticism from anti-gambling groups and MPS and introduced the ban to all sports events except horseracing.
06/12/2018
A new fuel – called NextFuel –- might be the first practical fuel that actually captures more carbon than it creates whilst producing energy.
06/12/2018
The UK is second only to Denmark when it comes to implementing measures to mitigate climate change, according to a new global energy revolution league table.
05/12/2018
Thames Water has signed a £1.4bn 5-year revolving credit facility (RCF), with the interest rate linked to annual performance against ESG metrics.
05/12/2018
Wates Construction is rolling out of a pilot employment scheme to help tackle homelessness following the launch of Wates and property developer MEPC’s joint employment initiative at Wellington Place development in Leeds. This has seen the two organisations collaborate with Engage Leeds to provide employment for some of society’s most vulnerable and at-risk individuals.
04/12/2018
A cross-party group of 200 former and current MPs has called on the MPs’ Pension Fund to phase out its investment in fossil fuel.
04/12/2018
The World Bank Group has announced a new set of climate targets for 2021-2025, doubling its current 5-year investments to $200bn in support for countries to take ambitious climate action.
03/12/2018
Unfriend Coal’s newly released report, 2018 Scorecard on Insurance, Coal and Climate Change, reveals that Europe’s four biggest primary insurers have now restricted insurance for coal, one-third of the reinsurance market has done the same, and 19 major insurers with more than $6tr in assets have divested from coal.
03/12/2018
Oil major Shell has declared that in future its executive pay will be linked to performance in meeting carbon reduction targets.
03/12/2018
For the last two years, the Weston Charity Awards Small Charity Leaders survey has provided a barometer of the confidence and concerns of small charities.
03/12/2018
Marston’s Inns and Taverns, in a partnership with Engenie, is to become the UK’s first pub company to roll out rapid chargers across sites nationwide
30/11/2018
VW and Tesco are developing the largest UK retail electric vehicle (EV) charging network, with more than 2,400 EV charging bays across 600 Tesco stores within the next three years.
30/11/2018
The UK leads Europe for sustainable and responsible investment (SRI) according to data from Eurosif, Europe’s sustainable and responsible investment membership organisation.
29/11/2018
A scheme that would pipe carbon to storage sites under the North Sea could be working by the mid-2020s. Although the technology required has yet to be fully developed, research funding has been announced and Energy and Clean Growth Minister Claire Perry has endorsed the project.
29/11/2018
Corona has become the first global beer brand to trial 100 per cent plastic-free six-pack rings. Piloted in Mexico at the beginning of the year, the company plans to test in the United Kingdom next year.
29/11/2018
Over one thousand Greene King pubs taking part in a Christmas anti-drink drive campaign with Coca-Cola, offering nominated drivers free soft drinks.
29/11/2018
Members of The Prince of Wales's Corporate Leaders Group (CLG), including Anglian Water, Coca-Cola European Partners, IAG and Unilever, have penned an open letter Theresa May calling on the Government to fulfil the promises made in the Paris Climate Agreement and aim for net zero emissions by 2050 at the latest.
28/11/2018
The European Commission has outlined its vision for a climate neutral Europe, in line with the Paris Agreement and the UN Sustainable Development Goals.
28/11/2018
PensionsEurope, the body that represents national associations of pension funds, has welcomed the EU’s initiatives in sustainable finance that include establishing a unified EU classification system of sustainable economic activities and regulation on disclosure of sustainable investments and sustainability risks for pension funds.
27/11/2018
EDF Energy has created a new partnership with Powervault to offer solar PV owners home battery systems at a heavily discounted price when they sign up to EDF Energy grid services.
27/11/2018
The US SIF Foundation's 2018 biennial report on sustainable, responsible and impact (SRI) investing trends has revealed that SRI assets now account for $12tr, or one in four dollars, of the $47tr in total assets under professional management in the US. This represents a 38 per cent increase over 2016.
27/11/2018
The Waste to Wealth Commitment has gained several high profile signatories, to help collectively double the nation’s resource productivity and reduce avoidable waste by 2030.
27/11/2018
UN Environment Finance Initiative (UNEP FI) and 28 banks have launched the Principles for Responsible Banking for global public consultation at a meeting in Paris.
27/11/2018
Aviva has invested in the world’s biggest wind farm, putting £400m of funds into the Hornsea project 1 that includes 174 giant turbines in the North Sea off the coast of East Yorkshire.
27/11/2018
Sainsbury’s and Argos have launched a new Help to Brighten a Million Christmases campaign to encourage one million food and toy donations in stores across the UK. The initiative expands on Sainsbury’s year-round food bank scheme and will be run in partnership with thousands of charity partners across the UK, to distribute the items to local communities in time for Christmas.
26/11/2018
Attempting to link environmental change and its consequences for the economy is a difficult art, but the Natural Capital Finance Alliance (NCFA) has launched a new web-based tool, called ENCORE (Exploring Natural Capital Opportunities, Risks and Exposure) to aid global banks, investors and insurance firms assess the risks that environmental degradation, such as the pollution of oceans or destruction of forests, causes for financial institutions.
26/11/2018
ING Group is making a green bond issuance totalling €2.6bn, the largest green bond deal yet from a European bank and the largest transaction certified under the Climate Bonds Standard.
23/11/2018
Unfriend Coal has pointed to four European insurers that are continuing to support the expansion of Poland’s coal industry as the country prepares to host the UN Climate Summit next month.
23/11/2018
Iceland Foods Charitable Foundation (IFCF) and national marine conservation charity Surfers Against Sewage (SAS) have announced a new two-year partnership to grow the Plastic-Free Communities movement and take the fight against avoidable single-use plastic across the UK.
23/11/2018
The World Meteorological Organization (WMO) has published its Greenhouse Gas Bulletin, with damning conclusions that there is no evidence of any reduction or change to the rising trend. Indeed gases in the atmosphere that increase global temperatures reached a new high in 2017.
22/11/2018
Close Brothers Motor Finance employees have volunteered 818 hours of time for charity initiatives in October, the company’s volunteer month, outpacing the 2017 Gift of Time volunteering record of 563 hours.
22/11/2018
A new pilot scheme for Bond Street to reduce waste and freight vehicles emissions has been trialled by a partnership of Transport for London (TfL) and New West End Company – who represents the businesses on the street.
22/11/2018
The Insurance Industry Charitable Foundation (IICF) has announced that a total of 500 hours has been donated by its members to charitable projects during its annual Week of Giving.
21/11/2018
Energy and Clean Growth Minister Claire Perry has announced a £60m budget for next year’s Contracts for Difference auctions to be held in May for new renewable power, and has also confirmed that the Government and the offshore wind industry are close to reaching a sector deal.
21/11/2018
Online investment management service Nutmeg is joining in on the move to retail ESG investing with new socially responsible portfolios.
21/11/2018
BetterPoints is a behaviour change technology company that is encouraging people to leave their cars at home. The solution comprises a user-facing smartphone app, management system, API and support. Users track their activity through the app and earn reward points for it – which can be redeemed against vouchers for high-street shops or donated to charity.
20/11/2018
Aerospace and engineering giant Boeing has announced that its corporate giving will exceed $230m in 2018, driven by $55min new charitable grants, as well as increases in business and employee contributions.
20/11/2018
Carlos Ghosn, the long-time car executive has been accused of ‘significant acts of misconduct’ and removed from his position.
19/11/2018
Big Issue has entered into a partnership with several asset managers to create impact fund platform for retail investors. AllianceBernstein, Columbia Threadneedle and Standard Life Aberdeen, along with other investors including FNZ, have staked £1m to fund the venture.
19/11/2018
The CareTech Foundation is partnering with social mobility charity EY Foundation to promote careers within the care sector and help care leavers into further education and employment.
16/11/2018
Secretary of State for Business, Energy and Industrial Strategy, Greg Clark has responded to Dieter Helm’s Cost of Energy Review published last year and outlined a future where environmentally friendly energy production is normal, unsubsidised and cheaper.
16/11/2018
VW has said that the company intends to convert production at its Emden and Hanover factories to electric vehicles by 2022.
16/11/2018
The UK Plastics Pact Roadmap to 2025, published today by WRAP provides a framework for all businesses aligned with the targets of The UK Plastics Pact, the programme to tackle the issue of plastic waste through collaboration across the entire supply chain.
16/11/2018
HSBC Global Asset Management has added two sustainable funds to its range, chasing the growing market for ESG related investment. The HSBC Global Sustainable Multi-Asset Conservative Portfolio and HSBC Global Sustainable Multi-Asset Balanced Portfolio will seek to integrate ESG considerations and lower carbon intensity into assessment, measuring and following seven methods set out by the Global Sustainable Investment Alliance.
14/11/2018
As the European Parliament approves its Renewable Energy Directive, the Spanish government has outlined a plan to take the country to a 100 per cent renewable energy electricity system by 2050, making it far in advance of EU policy.
14/11/2018
A study by risk management technology firm Datamaran points to a tougher stance being taken by regulators on ESG-related disclosure.
14/11/2018
The issuance of green bonds reached a milestone at the end of October, racking up $131bn, matching the value of bonds issued last year over the same period, and cumulative issuance now stands at $525 billion in the year to date.
13/11/2018
Gresham House is launching an Energy Storage Fund to invest in energy storage systems (ESS) in the UK and is targeting a net asset value total return of 8.0 per cent per annum. The Fund will be managed by Gresham House Asset Management under the leadership of Ben Guest, the head of the Gresham House New Energy division, and listed on the London Stock Exchange (Specialist Fund Segment). Shares commenced trading on 13 November 2018. The Gresham House New Energy team has already developed 70MW of Energy Storage Systems.
13/11/2018
Mondelez’s supply chain for palm oil has destroyed 70,000 hectares of rainforest, an area that includes 25,000 hectares of orangutan habitat in Indonesia, in two years, according to Greenpeace International.
13/11/2018
At the launch of the 2018 Corporate Human Right Benchmark (results reported earlier) Steve Waygood, the chief responsible investment officer at Aviva, made a remark about the audience. It was, he said, now a third composed of representatives of the financial sector – a significantly higher than a year ago. Waygood pondered why the financial sector had suddenly taken such an interest, and pointed to the results of human rights violations upon Bell Pottinger and VW (failure, fines and share price drop).
13/11/2018
As governments and the public become increasingly aware of the issues around recycling, the corporate world has been slower to respond with 80 per cent of businesses still not having a green policy.
12/11/2018
Good companies with positive characteristics tend to outperform their lower-ranked peers according to new research from the Global Equities team at Hermes Investment Management.
12/11/2018
The European oil and gas sector is increasing spending on low carbon options, but the spending is still lower than seven per cent of their total spending. BP, Eni, Equinor, Total and Shell are all investing in low carbon, but represent the highest spenders, whilst the industry’s spend as a whole is only 1.3 per cent of total capital expenditure (CAPEX) in 2018.
12/11/2018
Out of 101 major extractive, agricultural and clothing or footwear companies ranked by the 2018 Corporate Human Rights Benchmark (CHRB) 40 are failing to demonstrate respect for human rights on paper or in practice.
12/11/2018
Italian insurer Generali has announced that it will stop insuring the construction of new coal mines and plants, and will no longer accept coal companies as new clients. The announcement means that Europe’s four biggest primary insurers have now limited cover for an industry that is undermining the fight against climate change.
12/11/2018
Aberdeen Standard Investments has launched an investment trust for unquoted investments meeting its ESG targets. The Global Sustainability Trust advertises itself as providing “access the private market investments creating a better world” and hopes to offer a diversified global portfolio of investments that investors are not typically able to access.
09/11/2018
PACE, the programme to make the carmaker ready for future challenges has received a positive update from Vauxhall/Opel CEO Michael Lohscheller: “PACE! works! Vauxhall/Opel will be sustainably profitable, electric and global. This is something every employee can be proud of.”
09/11/2018
Orbis, a non-profit alliance between the medical and aviation industries, operates the world’s only ophthalmic teaching hospital on board a customised MD-10 aircraft. The Flying Eye Hospital, a converted McDonnell Douglas DC-10-30CF, travels across Africa, Asia and Latin America equipping local eye care teams with the skills to treat eye conditions, such as cataract, and training others to do the same.
08/11/2018
The latest EY Renewable Energy Country Attractiveness Index (RECAI) lists the countries where renewable energy is most encouraged (politically and financially). China and the US remain at first and second positions respectively, while the UK continues to shift, having at one point fallen out of the top ten, then rising higher, and now falling one place to the eighth position – attributed by EY to concerns over Brexit.
08/11/2018
Thomas Cook is launching a campaign called “noplaceforplastic” to eliminate single-use plastic throughout the organisation’s supply chain. The campaign will also involve a programme to substitute existing plastic items for sustainable alternatives and recycle plastic that would otherwise be thrown away.
08/11/2018
The Sustainability Summit returns for its second year after its success in 2018. This one-day free to attend conference offers delegates the opportunity to learn and network alongside their peers at such a key time for the sustainable investment industry.
07/11/2018
Unthinkable just a few years ago, but the installed capacity of renewables has overtaken that of all fossil-fuelled technologies combined.
07/11/2018
New research from the City of London Corporation highlights the need for integrity in rebuilding trust in financial and professional services businesses, with almost half of people (46 per cent) saying that a focus on integrity is most important principle business should focus on in order to build public trust.
07/11/2018
Six out of ten people in the UK believe that single-use plastic will be completely socially unacceptable in just three years, and 70 per cent think that most single-use plastics should carry cigarette packet-style warning labels.
07/11/2018
Germany will auction an additional onshore wind capacity of 1 GW (in 2019), 1.4 GW (in 2020) and 1.6 GW (in 2021) over and above the 2.8 GW increase per year which is already planned for each of those years.
06/11/2018
The Bill and Melinda Gates Foundation, with the China Council for the Promotion of International Trade (CCPIT) and the China Chamber of International Commerce (CCOIC) have committed to accelerate the adoption of off-grid sanitation products and systems that could dramatically reduce the global human and economic toll of unsafe sanitation.
06/11/2018
Andrew Bailey, chief executive of the FCA, has again highlighted the issue of trust in the finance sector in a speech at the Investment Association Culture Conference.
06/11/2018
The UK new car market declined again with deliveries falling by 2.9 per cent in October 20918 compared to October 2017, but the market for alternatively fuelled vehicles (AFVs) grew an impressive 30.8 per cent in the same timeframe, supported by new models.
05/11/2018
RenewableUK has launched a database showing a surge in UK battery storage capacity is imminent, with planning applications soaring from just 2 MW of battery storage capacity in 2012 to a new cumulative total of 6 GW in 2018.
05/11/2018
Hot on the heels of Google topping the rankings in the Reputation Institutes’ survey of Millennials, the company has experienced a walk out of staff over sexual harassment claims.
01/11/2018
The Netherlands is joining the ever-growing number of countries issuing sovereign green bonds, with an expected launch in 2019. So far, 2018 has seen $116.9bn of certified climate bonds issued, against an all-time record of $162.0bn in 2017- according to figures from the Climate Bonds Initiative (CBI).
01/11/2018
A new report argues that investment in artificial intelligence needs to be matched by a focus on emotional intelligence. Although focused on public policy, the report does highlight the need for all operations to be designed to be open, fair and safe, but also respond to emotions and human connection.
01/11/2018
AccountGuard has been released in the UK, part of Microsoft ‘s Defending Democracy Programme that company modestly describes as an “important step forward in protecting democracy”.
31/10/2018
Google has topped the reputation rankings among Millennials, closely followed by Rolex and Walt Disney, in the Reputation Institute’s 2018 Millennial RepTrak report. Nintendo, LEGO, Sony, BMW, Canon, Adidas and Microsoft then complete the top ten.
31/10/2018
Research of corporate social investment in the US has found that total corporate giving has increased more than 15 per cent over three years to a new high of $23.8bn, with top quartile companies investing nearly 2 per cent of pre-tax income in community programmes.
31/10/2018
Saker Nusseibeh, CEO of Hermes Investment Management, has voiced the opinion that the public mood shift towards protection of the environment is the most underrated populist movement – and the most significant.
30/10/2018
The Financial Conduct Authority (FCA) has published its complaints figures for the first half of 2018, showing that complaints have continued to increase for the fourth successive half year, reaching a new record level of 4.13m complaints made to 3,161 firms.
30/10/2018
Chancellor Philip Hammond has announced a tax on the manufacture and import of plastic packaging that contains less than 30 per cent recycled plastic. Although details are not being released, and the Chancellor says that he will seek ‘consultation’ before implementation, it is a move that at least starts a journey to reducing usage.
29/10/2018
The Church of England Pensions Board and Sweden’s AP7 are leading a $2tr group of investors in challenging 55 large European companies on their approach to climate lobbying.
29/10/2018
The Ellen MacArthur Foundation has launched its Global Commitment to eliminate plastic pollution at source with 290 major organisations now pledged to eradicate plastic waste by 2025, including Coca Cola, H&M, PepsiCo, the Coca-Cola Company and Unilever.
29/10/2018
Electrified transport has powered its way up the agenda and onto the roads, with dramatic increases in sales and legislation threatening to kill the internal combustion engine. However electric is not the only way
29/10/2018
The World Economic Forum (WEF) is promoting the role of impact investing to institutional investors. Although growing rapidly, with the impact market is expanding fivefold between 2013 and 2017 to reach $228 billion, currently, development financial institutions and specialist fund managers account for three-quarters of the impact investing market. Asset managers make up the rest.
26/10/2018
West Sussex County Council has powered up Westhampnett solar farm near Chichester. Built on a closed landfill next to the A27, Westhampnett forms part of the county council’s long-term energy strategy to increase the amount of renewable energy generated and consumed in the county along with the Tangmere solar farm, the first site completed by the county council in 2015.
26/10/2018
A pilot open-source toolkit for renewable energy and carbon markets has been created, that will assess the potential benefits of blockchain technology to improve the security, transparency, and costs.
26/10/2018
Allianz Capital Partners has acquired the 46 MW Ourika project in Portugal, approximately 170km south-east of Lisbon. The project will be one of the first large solar power plants in operation that has no guaranteed tariff supported by taxpayers, but rather relies on a corporate power purchase agreements (PPAs), the long-term contract under which a business agrees to purchase electricity directly from an energy generator.
25/10/2018
The Office for National Statistics (ONS) has revealed the latest figures for the percentage difference between men's and women’s median hourly earnings.
25/10/2018

Mark Evans 17/07/2017
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