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
Spanish insurer MAPFRE is launching a range of ESG products, a new mutual fund Capital Responsable (Responsible Capital), which follows on from the existing Good Governance Fund and this will be complemented by a pension scheme and a mutual society (EPSV).
25/10/2018
The annual OUTstanding LGBT+ Role Models 2018 lists have been released to celebrate the work being done across the globe to promote diversity and inclusivity. Dow Chemical Company’s CEO, Jim Fitterling leads the 2018 FT & OUTstanding LGBT+ Executives list, and Bank of America’s chief operations and technology officer, Catherine Bessant the Ally Executives list. Leading the 30 LBGT+ Public Sector Executives list is Antonio Zappulla, COO of Thompson Reuters Foundation.
25/10/2018
Terrafame has announced the construction of a battery chemicals plant Sotkamo, Finland. The intention is to process the nickel-cobalt sulphide into nickel sulphate and cobalt sulphate, used in the manufacturing of lithium-ion batteries.
25/10/2018
Australian listed company Sky and Space Global has completed the critical design review of the Pearls satellite, which now allows the company to immediately proceed with assembly and integration of the nano satellite network - a constellation of 200 nano-satellites over the Equatorial Belt.
25/10/2018
Entries are now open for the fifth annual Better Society Awards, celebrating the efforts that commercial organisations and social enterprises are making to create a better society.
25/10/2018
Entries are now open for the fifth annual Better Society Awards, celebrating the efforts that commercial organisations and social enterprises are making to create a better society.
25/10/2018
Entries are now open for the fifth annual Better Society Awards, celebrating the efforts that commercial organisations and social enterprises are making to create a better society.
25/10/2018
The State of New York is taking Exxon to court alleging it has carried out a longstanding fraudulent scheme to deceive investors and the investment community, regarding the company’s management of the risks posed to its business by climate change regulation.
25/10/2018
The Government has asked GC100, GC100, the association of general counsel and company secretaries working in UK FTSE 100 companies, to produce guidance for company directors as part of its corporate governance reforms. As a result, it has produced guidance for company directors on the practical interpretation of section 172 of the Companies Act 2006.
24/10/2018
Uber is proposing a surcharge on fares to help fund the change to electric cars for its drivers. Uber estimates that a full working week of trips could help fund £1,500 to aid the personal purchase of an electric car, and offset the reduction in Government subsidy.
24/10/2018
Volvo Cars Tech Fund has acquired a stake in electric car charging company FreeWire Technologies, a San Francisco-based fast-charging pioneer.
24/10/2018
Jerry Brown, the governor of California announced that California will move to 100 per cent renewable sources by 2045, setting a ‘new gold standard for renewable proliferation in the US’. But such a move will have knock-on effects for ESG risks and for green bond issuance among California’s energy companies according to S&P Global Ratings.
24/10/2018
Nearly one in five people worry about pollution on a daily basis, with 74 per cent of the UK population believing they could and should do more to lead an environmentally friendly lifestyle.
23/10/2018
Schiphol wants to become the most sustainable airport in the world and to underline the idea is proposing to raise financing through green bonds – funding the building of green buildings and clean transportation in accordance with Royal Schiphol Group’s Green Bond Framework.
23/10/2018
Larry Fink, chairman and chief executive of BlackRock believes that exchange traded funds (ETFs) with ESG factors be worth more than $400bn in the next decade.
23/10/2018
The European Commission has approved, under its State Aid Rules, support for electricity production from renewable sources for self-consumption in France until 2020.
23/10/2018
Oil major Shell has joined the Global Wind Energy Council (GWEC), in a move that follows the company’s progress from oil to wider energy supply and build-up of
its New Energies portfolio.
22/10/2018
cottages.com and Hoseasons have raised £1 million for Dogs Trust via bookings made at dogstrustholidays.co.uk, with the charity receiving a donation equal to 10 per cent of each accommodation booking value.
22/10/2018
IKEA has joined the NextWave initiative, the aim of which is to make use of plastic waste before it enters the ocean and become part of the first global network of ocean-bound plastics supply chains. The ambition is for the first product prototypes to be ready by the end of 2019.
22/10/2018
Changes to the permitting procedures have left the latest German onshore wind auction undersubscribed.
22/10/2018
new heating technology, backed by boiler manufacturer BAXI, has released the results of an independent scrutiny report that demonstrates its advantages over traditional waste processing in terms of environmental impact.
22/10/2018
MPS have proposed that the forthcoming ban on sales of new petrol and diesel cars should be brought forward by eight years. Currently, the Government plans to ensure all new cars are zero emission by 2040, but a report by Parliament's Business Select Committee wants this cut to 2032.
19/10/2018
The recently released report and accounts from Fairtrade reveal that the organisation has now hit a high of €8.49bn of retail sales, and has increased the strength of its balance sheet. The organisation has managed to achieve this despite some high profile retailers and manufactures leaving the scheme in recent years such a Cadbury and Sainsbury's products.
19/10/2018
Not everyone has welcomed the Government’s Green GB Week. Although a raft of finance announcements and corporates pledges have ensued, Dale Vince, the founder of Ecotricity is not convinced and has spoken out against the initiative. Vince even went so far as to say that Green GB Week and should be called “Greenwash Week”.
18/10/2018
An Initiative to improve transparency and accountability in the responsible finance industry using blockchain technology has been announced by the Responsible Finance & Investment Foundation (RFI). The initiative aims to bring together financial institutions and civil society to rebuild trust in the financial industry
18/10/2018
Hyundai has unveiled its hydrogen fuel cell electric vehicle, the NEXO that takes polluted air and emits cleaned air, heat and water vapour.
18/10/2018
Delivery company DPD has opened an all-electric parcel depot in Westminster and announced plans for a further seven all-electric sites in the capital.
18/10/2018
A group of local government pension funds managing £18bn have declared their commitment to ensuring their investment strategy meets the goals of the Paris Climate agreement. They are joined by Brunel Pension Partnership, one of the new pools of the Local Government Pension Scheme.
17/10/2018
Andrew Bailey, chief executive of the FCA has reiterated the need for greater trust and ethics in financial services in a recent speech.
17/10/2018
S&P Global Ratings has released research into how multilateral lending institutions (MLIs) are playing a major role in meeting the UN’s Sustainable Development Goals, and why the further involvement of private capital is necessary.
17/10/2018
Microsoft is signing the Made by Dyslexia pledge, making the technology firm the first global company to promise to help tackle a lack of resources and training in schools and homes that can hold back children who find it difficult to read, write and do maths.
17/10/2018
Charity My Life My Say has launched a social inclusion unit (SIU) to advise business, government, and the third sector on delivering socially inclusive products and services. Supported by Mayor of London, Sadiq Khan and partnered by Plexal, an innovation hub based on the site of the former 2012 Olympic Park, its launch project will be a study into how businesses in the technology sector can deliver greater social inclusion through their phases of growth and product creation.
17/10/2018
HSBC has announced that it is planning to invest £250m from its pension scheme into UK renewable energy infrastructure, as another major commitment to the Government’s Green GB Week.
16/10/2018
Amazon is to install up to 20MW of solar and storage systems on fulfilment centre rooftops across the UK over the coming 18 months, along with signing a deal for 100 per cent renewable electricity for its buildings in the UK.
16/10/2018
The Financial Conduct Authority (FCA) has published a discussion paper on climate change and green finance. The paper sets out how climate change could have an impact upon the FCA’s statutory objectives of protecting consumers, protecting market integrity and promoting competition.
15/10/2018
Energy and Clean Growth Minister Claire Perry has written to the Committee on Climate Change (CCC) asking for advice on setting a date and methods for achieving net zero greenhouse gas emissions from across the economy, including from transport, industry and agriculture.
15/10/2018
The two brands receiving the highest praise from NGOs in the last quarter are Allianz and Swiss Re, gaining their positions due to their efforts to tackle climate change. This is the second quarter in a row that they have topped the ranking from global research and strategy consultancy Sigwatch, based on its monitoring of more than 9,000 NGOs in July through September.
15/10/2018
Nissan and EDF Energy have signed a new agreement to explore the business case for recycling retired batteries from Nissan LEAF vehicles into commercial battery storage. The system would see electricity stored in the batteries and released back to the grid using EDF Energy’s PowerShift to react quickly to demand side response (DSR) initiatives.
12/10/2018
An analysis of the UK’s power needs suggests an investment opportunity in the region of £6 billion between now and 2030 for the development of around 13GW of distributed and flexible power generation and storage assets.
12/10/2018
A survey from the Department for Business, Energy & Industrial Strategy (BEIS) has assessed the views on the green economy of young people.
12/10/2018
The Natural Capital Finance Alliance (NCFA), together with the Natural Capital Coalition and VBDO have launched a new guide to help financial institutions understand and assess their reliance on ‘natural capital’ – an umbrella term that encompasses the clean air, oceans, ecosystems and minerals that most of our goods and services depend on.
12/10/2018
Arguing against divestment in a keynote speech at the Oil & Money Conference, BP chief executive Bob Dudley has made the case for continued investment in the oil and gas as essential in meeting the challenge of providing more energy while lowering carbon emissions.
12/10/2018
The Government is considering making the reporting of ethnic pay mandatory, following the decision to make firms reveal their gender pay make up.
11/10/2018
The World Bank Group (WBG) has launched its Human Capital Index, as a measure of wealth that is more encompassing that gross domestic product (GDP) and potentially more suitable top s plant that is under environmental threat.
11/10/2018
Nationwide Building Society is launching a partnership with homelessness charity St Mungo’s to provide a consistent and compassionate response to people rough sleeping on the high street and is urging other businesses to follow suit.
10/10/2018
Liberty Specialty Markets is extending its partnership with WaterAid having concluded its three-year project in Madagascar. A part of Liberty Mutual Insurance Group, Liberty is now embarking on a second three-year project in Rwanda with the charity.
10/10/2018
The Danish government has been discussing on legislation that would oblige supermarkets and food producers to label products according to their impact on the environment and climate.
10/10/2018
Ireland has mandated six major banks as joint lead managers for a forthcoming inaugural long 12-year green bond, maturing 18 March 2031. The proceeds will be used in accordance with the Irish Sovereign Green Bond (ISGB) Framework and is expected to be launched and priced in the near future. The target market for the bond is eligible counterparties, professional clients and retail clients.
10/10/2018
The Insurance Industry Charitable Foundation has appointed new members and a new chair to the board, bringing the total number to 18. These appointments come in advance of the IICF’s Week of Giving, where thousands of industry employees come together to make a difference. Running across the UK and US, the Week of Giving returns on 13 October, empowering the insurance industry to take a leadership role in through a dedicated week of volunteer projects.
09/10/2018
A judgement in the Appeal of the State has upheld a legal order to accelerate carbon emissions cuts in the Netherlands. Judges have ordered a reduction of 25 per cent by 2020 (relative to 1990). The Dutch government now faces the delicate decision of whether to appeal to a higher court or comply, with the current administration having settled for a 17 per cent reduction.
09/10/2018
Angel investor group the Green Angel Syndicate has announced that its members are supporting Piclo (formerly Open Utility) in its latest round to finance the expansion of its energy trading software system, Piclo Flex.
09/10/2018
Multiple retailers and companies including PepsiCo, McDonald’s and Shell have joined forces to back the #LeedsByExample campaign, the UK’s biggest push to trial innovative ways to improve rates of recycling on the go. Bubble-blowing bins, recycling reward machines, art installation and recycling collection bikes will appear across Leeds to help encourage recycling.
09/10/2018
The reputation of RBS could take another decade to recover its chief executive has said. Ross McEwan has told the Press Association that whilst the bank has financially recovered from the financial crisis of 2008 (and scandals) customers are still wary of the brand. RBS is still 62 per cent owned by the taxpayer, and it is likely that repairing the image of the organisation is a pre-requisite for any attempt to sell the state-owned shares.
08/10/2018
BP is helping to turn household waste into low carbon jet fuel using chemical processes using ‘clever baked beans cans’ to transform the idea into a commercial reality.
08/10/2018
The just-released Intergovernmental Panel on Climate Change (IPCC) study has warned that global temperatures may rise by more than 1.5C with catastrophic consequences as early as 2030, and that urgent action is required to avert this.
08/10/2018
Worshipful Company of Information Technologists (WCIT) has awarded a grant of £300,000 to two charities, CALM (Campaign Against Living Miserably) and Missing People. The WCIT award panel found it impossible to separate the two charities, and as a result, the judges led by Sir Kenneth Olisa, recommended that the £600,000 grant would be split.
05/10/2018
The Green Investment Group (GIG) has published its first Progress Report following its privatisation, transfer to the Macquarie Group, and name change from the UK Green Investment Bank in 2017.
05/10/2018
Employee benefits provider MetLife UK is investing in supporting staff to manage their mental health as part of its continued commitment to employee wellbeing. MetLife, which is signing up to Time to Change’s Employer Pledge to demonstrate its commitment as an organisation, is marking World Mental Health Day with a range of activities including webinars and training and fundraising as well as wearing green ribbons supplied by the Mental Health Foundation.
04/10/2018
Langley House Trust, Autistica and Capoeira4Refugees were among the big winners at the Charity Times Awards 2018, celebrated with a packed ceremony in London last night.
04/10/2018
NGOs have released a new list of the world’s top 120 coal plant developers, and whilst renewable energy is gaining year on year, coal power is also still growing in many parts of the world. Currently, 1,380 new coal plants or units are planned or under development in 59 countries, and if built, these plants would add 672 GW to the global coal plant fleet – an increase of 33 per cent.
04/10/2018
Every UK Britvic manufacturing area (from offices to warehouses and factories) will now be powered by 100 per cent renewable electricity under a new four-year deal with provider E.ON.
04/10/2018
Rob Hattrell, VP of eBay UK, has announced a year-long partnership with the Prince’s Trust to help young entrepreneurs. With nearly half (44 per cent) of young people thinking that there will be fewer job opportunities for their generation, the partnership will attempt to help young people create their own careers.
03/10/2018
Cocoa Life, the sustainability programme of Mondelēz International has added plans to accelerate women’s empowerment across four cocoa origin countries. The company launched specific women’s empowerment action plans in Ghana and Côte d’Ivoire in 2014 and is now expanding to include two additional origin countries, Indonesia and the Dominican Republic.
03/10/2018
Robo-adviser Wealthify has conducted research indicating that over half of the UK population would prefer to use ethical financial products and 64 per cent of those said they were prepared to pay extra for socially conscious services.
03/10/2018
Uber has launched its Fund for Sustainable Mobility, committing $10m over the next three years using the Shared Mobility Principles for Livable Cities, developed by international NGOs in sustainable transportation, as a guiding principle in determining how to allocate funding.
03/10/2018
The John Lewis Partnership has announced that following a competitive pitch day for JLAB – the retail innovation programme - it has selected four businesses who can help reduce plastic waste by reusing and reducing food, liquid and postal packaging.
03/10/2018
Specialised investor EQ Positive Impact Portfolios are attempting to show that investors can make a positive impact through their investments, and for a second time has created a report in which the company shares with its latest findings.
02/10/2018
Amazon has announced that it is increasing its minimum wage to £10.50 for the London area and £9.50 for the rest of the UK for all full-time, part-time, temporary and seasonal employees, with an estimated 17,000 Amazon employees benefitting, as well as over 20,000 seasonal employees who will be hired at Amazon sites across the country over the festive season.
02/10/2018
Palladium is getting a new head as current CEO Kim Bredhauer steps aside after 18 years building the company into global programme managers and consultancies in international development. Incoming CEO Christopher Hirst, currently head of strategy and corporate development, will focus on driving efficiencies in operations and delivery of ‘positive impact’ – sustainable business solutions with both social and economic value – in over 90 countries.
02/10/2018
The Carbon Neutrality Coalition (CNC) has been formed with a group of 19 countries (including 12 EU member states) pledging to meet the Paris Agreement’s goal of achieving carbon neutrality. Canada, Denmark, Spain and the UK have now joined the initial 15 members.
28/09/2018
The World Economic Forum Sustainable Development Summit 2018 in New York had several highlights, in particular, it recognised a hundred coalitions on climate change and sustainable development, including partnerships, focused on closing the skills and gender gap, fighting disease, broadening the benefits of trade, and protecting the planet’s dwindling biodiversity.
28/09/2018
Brazilian oil company Petrobras is to pay $853m to end a corruption investigation into a bribery scheme.
28/09/2018
The World Bank Group (WBG) has instigated a £1bn programme to fast-track investments in battery storage, with the intention of helping the technology reach middle-income and developing countries.
27/09/2018
A survey of 90 per cent of the UK banking sector, representing over £11trn in assets, found that 70 per cent of banks recognise that climate change poses financial risks – meaning nearly a third are failing to either recognise the issues or act.
27/09/2018
Following an invitation from Tobacco Free Portfolios to join the Tobacco-Free Finance Pledge, the Pledge has now been officially launched with over 120 founding signatories and supporters, including financial institutions from around the world with collectively assets under management of over $6.4tr, corporate loan books of over $1.8tr, and insurance premiums of over $179bn.
27/09/2018
The Wesleyan Foundation has announced that it has now awarded more than £1m to good causes since its inception year ago. The Foundation, launched by mutual Wesleyan, has awarded the money in the form of more than 200 separate grants to charities, community groups and social enterprises across the UK.
26/09/2018
The CoalSwarm network of researchers on fossil fuels has released a report Tsunami Warning, from authors Christine Shearer, Aiqun Yu, and Ted Nace. It highlights the building of hundreds of new coal-fired power plants in China with 259 Gigawatts (GW) of new capacity under development, comparable in size the report says, to the entire US coal fleet.
26/09/2018
Palladium, which manages large-scale programmes for the Department for International Development, has purchased financial advisory firm Enclude from Triodos.
26/09/2018
Having recently signed up Exxon and Chevron, the Oil and Gas Climate Initiative (OGCI) has agreed to a target to reduce collective methane emissions from their upstream operations. The announcement was made in New York during the 10th annual Climate Week.
26/09/2018
The Lord Mayor’s Dragon Awards has held its annual Mansion House ceremony, with an array of projects that have helped London place itself as a centre of social impact. This year, in particular, the Alderman Charles Bowman, the Lord Mayor, expressed the desire that businesses should engage in rebuilding public trust following the financial crisis and introduced a new category based on a ‘citizen panel’ to define the core concepts of trust.
26/09/2018
Co-op has announced that it will end use of single-use plastic, saving around 60 million plastic carrier bags and replacing them with an environmentally-friendly alternative as part of a new ethical strategy which will tackle plastic pollution as well as food waste, healthy eating, saving energy and trading fairly.
25/09/2018
Standard Chartered has announced that as part of its efforts to combat climate change, it will cease providing financing for new coal-fired power plants anywhere in the world, following detailed consultation with a range of stakeholders.
25/09/2018
A new report ‘Breaking new ground’ predicts that a renewables-based electrification of Europe’s industrial processes, buildings and transport would allow Europe to reduce energy-related CO2 emissions by 90 per cent by 2050.
25/09/2018
Retailers, food producers, manufacturers, and hospitality and food service companies have all committed to the new industry Food Waste Reduction Roadmap; developed with IGD and WRAP.
25/09/2018
The Hidden Revolution is a new analysis of the scale of the social enterprise sector in the UK, reporting that together it makes a £60bn contribution to UK GDP, demonstrating the effectiveness of social enterprises and the lessons they can hold for the future.
24/09/2018
The IPG is a membership group for plumbing, heating and bathroom specialists with a network of 200 locations across the country and fleets of vehicles, and have now linked up with charity Missing People to help find missing children.
24/09/2018
Trustees Unlimited has appointed Sophie Livingstone as its new managing director to help drive the organisation and its Step on Board volunteering programme run in partnership with National Council for Voluntary Organisations (NCVO).
24/09/2018
VW brand Porsche has declared that it will stop making diesel and concentrate on hybrids and fully electric cars, following the emissions scandal caused by its parent company.
24/09/2018
Insurer Aviva, Index Initiative and the United Nations Foundation have announced the launch of the World Benchmarking Alliance (WBA), to develop free, publicly available benchmarks ranking companies on their contributions to achieving the SDGs.
24/09/2018
A recent study by UN Environment, The State of Knowledge of Crimes that have Serious Impacts on the Environment, lists the five most prevalent environmental crimes and calls for closer work with the private sector on the role and implications of environmental crimes for sustainable development.
21/09/2018
Lego is the most reputable company in Europe according to the Reputation Institute’s 2018 EU5 RepTrak report, based on more than ratings from 87,000 individuals across Germany, France, Spain, Italy, and the UK.
21/09/2018
Oil majors ExxonMobil and Chevron will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change.
21/09/2018
Europe’s green bond market has seen a growth of 20 per cent, even the wider debt-issuance market has dried. The green bond sales have now topped € 40bn, contrasting to a 10 per cent slowdown seen in the overall market, according to data compiled by Bloomberg. With green bonds notching up $100bn globally, assets under management at green funds in Europe have doubled since 2013.
20/09/2018
The City of London Corporation’s charitable funder, City Bridge Trust, and UBS have awarded a total of £429,240 to 12 London organisations through their fifth round of the social investment programme Stepping Stones. This brings the total awards given to £3,231,340 to 77 organisations since the launch of the fund in 2015.
20/09/2018
Willis Towers Watson has appointed Hermes Investment Management’s stewardship and engagement team, Hermes EOS, to provide voting and engagement services on the £3bn actively managed assets in the Global Equity Focus Fund.
20/09/2018
The latest edition of the UBS Investor Watch report, 'Return on Values', the largest recurring global study of high net worth (HNWIs) in the world, presents a diverse picture of attitudes and approaches on sustainable investment.
20/09/2018
The VW emissions scandal continues to send reverberations throughout the industry. Recently the company was sued by shareholders for the way in which it responded to US-led information that it was cheating test devices. Now the European Commission has said it is to investigate whether VW and other German carmakers BMW and Mercedes Benz colluded in stalling development of emissions reduction technology.
20/09/2018
This year, for the third year in a row, and with an increased share of the vote, the 2018 Barometer has placed GSK and Save the Children as the most admired partnership, with second place going to the Boots UK and Macmillan Cancer Support partnership and entering the top three for the first time was a consortium collaboration between Tesco, British Heart Foundation, Cancer Research UK and Diabetes UK.
20/09/2018
SAP has announced plans to work with partners on a ‘plastics cloud’, to collect existing and live data from across the plastics supply chain in order to help create solutions for waste reduction. Using machine learning to compile information the systems can be used to forecast trends in plastics purchasing and recycling, enabling services to meet demand. Data could also be shared with consumers to help them understand their own plastics impact.
18/07/2018
Charity Bank has been doing its bit to raise the profile of ethical banking and encouraging charities and social enterprises (who are estimated to hold over £100bn of collective investment assets) to switch to providers such as themselves with the launch of the tenth annual Follow the Money campaign.
18/09/2018
Investors managing over $5.6tr in assets have now joined a coalition of large food companies in signing a statement in support halting forest conversion in the Cerrado ecoregion of Brazil. Signed at the Global Climate Action Summit, the statement calls for companies in the soy and meat value chain to adopt effective policies to stop further deforestation of the region.
18/09/2018
For the second time in a row, Allianz has headed up the Dow Jones Sustainability Index (DJSI) as most sustainable insurer with a rating with 85 out of 100 points. In addition it has claimed the position as the best organisation in its sector for climate strategy, human capital development, information security, tax strategy and financial inclusion.
18/09/2018
A new European environmental directive that treats wood harvested directly for bioenergy use as a carbon-free fuel could ironically lead to greatly increase carbon in the air, and set a dangerous global example.
13/09/2018
Lehman Brothers, at the time the fourth largest investment bank in the US, admitted bankruptcy on 15 September 2008, becoming the defining moment that financial crisis tipped into chaos. Few will need reminding of either the event itself or the consequences.
13/09/2018
Wind energy in Europe is on track for solid growth over the next five years, growing at an average 17 GW a year up to 2022 to reach 258 GW of installed capacity. Most of the new installations will be onshore wind, accounting for 70.4 GW compared to 16.5 GW of new offshore wind.
13/09/2018
The Investor Agenda has been launched at the Global Climate Action Summit in San Francisco bringing together 392 investors with $32tr in assets collectively under management.
13/09/2018
The removal of greenhouse gases could render the UK carbon neutral by 2050, according to a joint report by the Royal Academy of Engineering and Royal Society.
12/09/2018
A key recommendation of the Green Finance Taskforce, the new Green Finance Institute was announced by the Chancellor in June 2018 as part of the vision for the future of the UK’s world-leading financial services sector.
12/09/2018
Financial think-tank Carbon Tracker has carried out an analysis on energy transition and its impact on the financial markets, concluding that the peak in fossil fuel demand will have a dramatic impact in the 2020s.
11/09/2018
Sony, RBS, WeWork and McKinsey have joined global initiative RE100. The initiative, by the Climate Group in partnership with CDP, now has more than 100 businesses committed to 100 per cent renewable electricity.
11/09/2018
The Government has published changes to how pension trustees should consider environmental, social and governance (ESG) factors in investment decisions. Under the new rules, the majority of trustees will be required to explain their approach to ESG factors, stewardship of investments, and ethical issues. Many will also have to report to scheme members on the implementation of the policies.
11/09/2018
A report from US-based Arabella Advisors reveals that nearly 1,000 institutional investors, with $6.24tr in assets, have committed to divest from fossil fuels, a rise from $52bn only four years ago.
11/09/2018
Theresa May is unveiling plans for the UK to become a world leader in low emission tech with an announcement of £106 million for research and development in green vehicles, new batteries and low carbon technology.
11/09/2018
A number of reinsurers’ policy loopholes are “keeping the coal industry afloat”, despite having the power to end coal support and support global climate action, Unfriend Coal has argued.
11/09/2018
Volkswagen has become the first carmaker to face trial over the emissions scandal; with investors seeking €9.2bn in damages over the company’s falsifying emissions data.
11/09/2018
Over 60 per cent of the world’s largest public pension funds are in danger of beaching their legal climate change duties, a new study from Asset Owners Disclosure Project (AODP) has found.
10/09/2018
Bill de Blasio, mayor of New York City and Sadiq Khan, mayor of London has issued a joint statement calling for a change in attitudes to the fossil fuel industry. Ahead of the Global Climate Action Summit in California, both mayors are calling for other cities globally to join them in divesting their assets from fossil fuel companies.
10/09/2018
The EIB has issued its first Sustainability Awareness Bond, with an initial launch of €500m. The funds raised through the bonds will be used to finance social, green and sustainable projects around the globe.
10/09/2018
Early stage venture fund Working Capital invests solutions to create ethical supply chains and combat the systemic risk of labour abuse, and has now raised an additional $2.5m from the Children's Investment Fund Foundation (CIFF) and Zalando online fashion retailer Zalando, to bring the total capital raised to $25.5m.
10/09/2018
The Evening Standard and Independent newspapers are working in partnership with War Child to raise awareness of education and mental health provisions for children affected by conflict.
10/09/2018
Luxury goods retailer Burberry suffered criticism for the practice of destroying unsold stock when it was revealed that it incinerated a total of £28.6m worth of goods last year in order to protect its brand. Despite the company’s pleas that the energy from the fires is harnessed, the ongoing row has resulted in the company making a statement that in future it will reuse, repair, donate or recycle the goods.
06/09/2018
Octopus Energy, with around 350,000 customers and acquired Affect Energy, adding another has 22,000 customers. Octopus has been growing steadily, following the partnership with M&S and adsorbing Iresa's 95,000 customers.
06/09/2018
The Walney Extension off the coast of Cumbria has opened, making it the world’s biggest operational offshore wind farm. Owned by Ørsted and its partners PKA and PFA, the farm uses technology from Vestas and Siemens with turbine blades manufactured in Hull and on the Isle of Wight.
06/09/2018
The use of personal data and widespread technology is making renewable energy a prime target for cybercrime.
06/09/2018
Social and Sustainable Capital (SASC), the fund manager and social enterprise, has appointed Mark Bickford as its director of investments. Bickford was formerly head of social investment at The FSE Group, where he ran the company’s Social Impact Accelerator Fund, providing expansion loans to social enterprises and charities.
06/09/2018
A report released today by the Chartered Quality Institute (CQI) has listed allegations against some of the world’s largest technology companies with evidence of systemic governance failures.
05/09/2018
The Society of Motor Manufacturers & Traders (SMMT) has released figures for new car registrations, with demand for hybrid and plug-in cars surging 88.7 per cent with record one in 12 buyers going electric.
05/09/2018
The Business & Human Rights Resource Centre has investigated 59 major solar, bioenergy and geothermal companies and concluded that just five meet its four basic criteria to protect communities and workers. Additionally, almost half appear to have no basic protections in place. This echoes previous analysis on the wind and hydropower sectors.
05/09/2018
Trustees Unlimited and NCVO have announced the placement of the 200th charity trustee through their board-level volunteering programme Step on Board with Hina Patel, a strategic project manager from investment firm BlackRock joining the board of children’s charity Starlight.
04/09/2018
Nisa’s Making a Difference Locally (MADL) has now raised over £10m for local communities. Since the charity’s formation in 2008, and enhanced by a new funding model whereby all branded products featured on the Nisa consumer leaflet would contribute to MADL, the total raised has reached £10.3m.
04/09/2018
Following news that Dyson is about to enter the electric car market, and with questions over the production and price point, Tesla is about to face the inevitable onslaught from traditional manufacturers.
04/09/2018
The John Lewis Partnership has added ‘& Partners’ to the John Lewis and Waitrose divisions in a change to highlight their partnership business model and culture which differentiates them from their main competitors – drawing a direct line to its impact on society and contrasting it to non-UK based and tax-avoiding competitors (also see the CBI story).
04/09/2018
According to a study carried out by the Confederation of British Industry (CBI) the British public want businesses to be more outspoken on societal issues, including digital privacy to diversity.
04/09/2018
Mirabaud Asset Management has announced that Hamid Amoura is joining as the head of ESG to help ensure the firm continues to integrate ESG principles in its investment processes, driving best practice and making it a cornerstone across all the investment teams.
03/09/2018
The World Bank has priced a SEK (Swedish Krona) 1bn 7-year bond, the first in a series of sustainable development bonds issued to raise awareness for the critical role of water and ocean resources.
03/09/2018
Welsh local government pension funds could be acting unlawfully by investing in fracking companies. With over £600m investment in overseas fracking operations, protestors believe that such investments are contrary to the Wellbeing of Future Generations Act.
03/09/2018
The UK SRI market is on a tipping point of growth and set to increase by 173 per cent to be worth £48bn by 2027.
31/08/2108
A report published by City, University of London has analysed data from almost 52,000 employees across 38 different European countries and concluded that too much work and too little relaxation can damage your career prospects and damage your health. In short, hard work will not always yield rewards.
31/08/2108
Tobacco Free Portfolios is inviting organisations to join the Tobacco-Free Finance Pledge to accelerate progress toward a tobacco-free future. Developed in collaboration with UN Environment’s Finance Initiative (UNEP FI), UN Environment’s Principles for Sustainable Insurance Initiative (PSI), the UN-supported Principles for Responsible Investment (PRI), AXA, BNP Paribas, and Natixis, the launch event is also being co-sponsored by the French and Australian Governments and will take place at the United Nations Headquarters.
31/08/2018
Hubbub has literally launched a PET project – a boat made from plastic waste. The concept, funded equally by the Starbucks’ 5p paper cup charge and super sewer builders Tideway, the boat utilises an advanced recycled material called Plaswood.
31/08/2018
Dyson is readying itself for the launch of an electric car with a planned 10-mile test track in Wiltshire. The company is building the track and other related facilities at former RAF base at Hullavington in the build-up to producing a new electric car from 2021.
30/08/2018
Following its inaugural Green Bond in 2017, energy company SSE has issued its second green bond, a nine-year €650m bond maturing September 2025, maintaining SSE as the largest issuer of green bonds from the UK corporate sector.
30/08/2018
Uber has been busy diversifying its transport offerings pointing to a potentially greener network of mobility options. Uber now plans to focus more on electric scooter and bikes and less on cars in an attempt to capture a slice of the future.
29/08/2018
The UK’s spending is to be openly linked to benefits for the UK, in a move that shifts such aid from charitable giving and ‘soft power’ to a more immediate alignment of interests and mutual benefit.
29/08/2018
Analysis of voting trends over the 2018 AGM season revealed that shareholder rebellions have risen by over a quarter. The analysis, undertaken by the Investment Association, shows that 120 FTSE All-Share companies were added to the Public Register, which tracks significant shareholder dissent (over 20 per cent), compared to 110 companies in 2017.
29/08/2018
A £1 million Digital Skills Innovation Fund is being launched by the Government to help underrepresented groups gain digital skills and an additional £400,000 will be offered to help older and disabled people.
28/08/2018
Swedish data provider EV-volumes.com believes that the European plug-in vehicle fleet is now over 1 million and is estimating that 2018 will see a total 430 000 plug-ins delivered in Europe, bringing the total to for all EU and EFTA countries 1.4 million by the year end.
28/08/2018
A fourth biomass generating unit has been switched on by Drax Group– taking its Selby power station in North Yorkshire a step closer to achieving coal-free ambitions. This conversion was instigated as part of a planned maintenance programme and follows the upgrading of three coal units to use biomass.
24/08/2018
The SR2000 floating turbine has generated more electricity in its first year than Scotland’s wave and tidal sector did together in the previous twelve years. At 63m long the massive machine uses submerged rotors to convert tidal energy off Orkney into electricity.
23/08/2018
Sadiq Khan, the Mayor of London, is asking the Government to maintain subsidies for household solar power following its decision to let the incentives expire next March, and has written to Claire Perry, the energy minister, to reconsider the stance on the end of feed-in tariffs (FITs). Khan has been a long-time supporter of solar energy and placed it at the centre of his energy policy.
23/08/2018

Mark Evans 17/07/2017
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