Archive News

The State of Massachusetts noted as a leader on climate change has been urged to adopt a net-zero carbon policy by investors and companies with a target date of 2050.
Posted: 20/09/2019
Insurance giant Lloyd's of London's is still reeling from a Bloomberg report of sexual harassment in the market place.
Posted: 20/09/2019
OVO is announcing a new strategic direction for the next ten years, outlined in its Plan Zero. Plan Zero sets out how OVO will transform its business, operations and impact to reducing greenhouse gas emissions.
Posted: 19/09/2019
UK Finance will be pledging its support for the UN Environment Programme Finance Initiative’s Principles for Responsible Banking at the UN General Assembly in New York.
Posted: 19/09/2019
SAP has announced that it will be creating a new market place for the trading of recycled plastics and plastic alternatives. Using the SAP Ariba solution, this is the next phase of SAP’s ‘Plastics Cloud Programme’ for the reduction of plastic waste.
Posted: 19/09/2019
Facebook has announced plans to create an Independent Oversight Board to deal with content and privacy concerns.
Posted: 18/09/2019
Contracts for Difference results are expected to include new offshore and onshore wind projects.
Posted: 18/09/2019
A report has investigated large investing firms' efforts to hold energy and utility companies accountable for climate change, revealing fossil-friendly voting trends in some.
Posted: 18/09/2019
New blockchain technology could be used to access supply chain sustainability information.
Posted: 18/09/2019
A report has analysed 135 companies' awareness and action on climate change.
Posted: 18/09/2019
Germany is considering increasing taxes on domestic flights.
Posted: 17/09/2019
Greenhouse gas emissions in the UK have increased despite better efficiency and more demand for electric vehicles.
Posted: 17/09/2019
A report has accused Unilever of failing to meet nutrition commitments for Maizena products in Mexico.
Posted: 17/09/2019
A new report has claimed that sustainable food and land use could create significant business opportunities by 2030.
Posted: 16/09/2019
Australian unions, NGOs, and public health groups have joined to oppose the potential reversal of a ban on nuclear energy.
Posted: 16/09/2019
A number of Japanese companies have complied with the Task Force on Climate-related Financial Disclosures, though the country continues to invest in domestic and foreign coal.
Posted: 16/09/2019
New climate protection measures will be announced on 20 September.
Posted: 16/09/2019
The Environment Agency Pension Fund has been included in this year’s PRI Leaders’ Group, along with a number of European Pension Funds.
Posted: 13/09/2019
New research has shown the effects of rising temperature on emissions.
Posted: 13/09/2019
Controversial brand Nestlé has announced a new net zero emissions goal.
Posted: 13/09/2019
A research project has managed to turn CO2 into liquid fuel.
Posted: 13/09/2019
The National Grid had begun cutting senior staff in the months before the August power outage.
Posted: 12/09/2019
A new report has predicted that a rapid energy transition will not be enough to bring temperature increases below 2°C.
Posted: 12/09/2019
Scottish police vehicles will switch to electric and hybrid vehicles in an effort to reduce carbon emissions.
Posted: 12/09/2019
Consumer brands have joined a campaign to push the cleaning product industry toward sustainability, though some members have yet to implement targets.
Posted: 11/09/2019
California has passed a bill ensuring minimum wage and other benefits to gig economy workers, opposed by gig platform firms.
Posted: 11/09/2019
The farmer’s union has announced a carbon reduction plan, though some groups think it is not enough.
Posted: 11/09/2019
Protesters have blocked the entrance to the Lancashire fracking site.
Posted: 11/09/2019
The CPT has decided to only purchase ultra-low or zero emission buses starting in 2025.
Posted: 10/09/2019
$11tn have been divested from the fossil fuel industry.
Posted: 10/09/2019
A report has predicted growth in the geothermal energy market.
Posted: 10/09/2019
New research estimates that global environmental investment could see quadruple returns.
Posted: 10/09/2019
Drax Group, Equinor and National Grid are exploring the potential for carbon capture and hydrogen production sites in Humber.
Posted: 09/09/2019
Hyundai will join joint venture IONITY to promote electric vehicle infrastructure.
Posted: 09/09/2019
The UK’s retail sourcing practices rank among the worst in terms of sustainability.
Posted: 09/09/2019
Northern Ireland has surpassed its 2020 renewable energy generation goal a year ahead of schedule.
Posted: 06/09/2019
Global renewable energy investment is on track to hit $2.6trn.
Posted: 06/09/2019
Recent major oil investments are not compatible with the Paris Agreement targets according to economic analysis.
Posted: 06/09/2019
Electric car registrations show record growth in August while the new car market continues to decline.
Posted: 06/09/2019
Climate activists have been left dissatisfied with Chancellor Javid’s new spending plan.
Posted: 05/09/2019
Porsche has unveiled a new fully-electric car, hoping to rival Tesla’s market dominance.
Posted: 05/09/2019
Hormel has unveiled a new meat substitute, in the midst of accusations of meat and dairy industry unsustainability.
Posted: 05/09/2019
Germany’s onshore wind market is slowing down, putting the country’s renewable energy targets at risk.
Posted: 03/09/2019
Australia is set to reach its renewable energy goals by 2020.
Posted: 04/09/2019
The UK’s oil and gas industry’s new blueprint to net-zero carbon emissions has been met with accusations of lobbying.
Posted: 04/09/2019
Singapore could use reserves and borrowing to fund its climate change measures.
Posted: 04/09/2019
New research implicates the meat, dairy and fish industries in sustainability shortcomings.
Posted: 04/09/2019
Eighteen civil society organisations have signed a letter to the new Chancellor, requesting increased environment spending.
Posted: 03/09/2019
Rolls-Royce and Widerøe have partnered in a joint research programme to create zero-emission aviation.
Posted: 03/09/2019
A new base for Ørsted’s Hornsea Two project is officially set to open in Lincolnshire.
Posted: 03/09/2019
Eight climate activists glued themselves to Barclays Bank headquarters in Manchester during Extinction Rebellion's protest.
Posted: 03/09/2019
A scaled-down Frankfurt Auto Show will advocate for automobile sustainability, while anti-protest security is tightened.
Posted: 03/09/2019
A report on BlackRock’s investment portfolio has revealed relationships with deforesting industries.
Posted: 02/09/2019
Cuadrilla has apologised following a record-breaking tremor.
Posted: 02/09/2019
Muirhall Energy will begin construction of Scotland’s first subsidy-free onshore wind project.
Posted: 02/09/2019
Vattenfall and Shell NewMotion have entered an electric vehicle charging station deal, while the Government looks to steer the industry toward co-operation.
Posted: 02/09/2019
A southern Cumbrian wind farm has caused local debate.
Posted: 30/08/2019
BloombergNEF has investigated hydrogen's potential for steel production.
Posted: 30/08/2019
Volkswagen has developed a new treatment system to decrease nitrogen oxide emissions.
Posted: 29/08/2019
A new study links climate change to European flooding.
Posted: 29/08/2019
Hydrogen power could be used to produce gin.
Posted: 29/08/2019
Extinction Rebellion will take to the streets of Manchester in another environmental protest.
Posted: 29/08/2019
The UK will double support to developing countries in fight against GHGs.
Posted: 29/08/2019
The Crown Estate has awarded extension rights to seven offshore wind farms.
Posted: 29/08/2019
A Ceres webinar builds on the findings of the IPCC's report.
Posted: 28/08/2019
BP has agreed to sell its Alaskan business to local firm Hilcorp.
Posted: 28/08/2019
BBOXX has received a significant investment from Mitsubishi.
Posted: 28/08/2019
Macquarie is beginning to shift focus toward renewables and community investment.
Posted: 28/08/2019
Aldershot is the home to the world’s first solar powered railway line.
Posted: 27/08/2019
Fires rage in Brazil as public attention increases
Posted: 27/08/2019
Bay State Wind and Vineyard Wind compete to begin offshore construction of a new wind project in Massachusetts.
Posted: 27/08/2019
Seismic tremors over the bank holiday are believed to be the UK’s largest fracking-related tremors to date.
Posted: 27/08/2019
Australia’s coal exports could see short term growth but long term decline.
Posted: 27/08/2019
Cuadrilla’s fracking has been shut down once again following another seismic tremor.
Posted: 23/08/2019
Prices drop and demand rises for hydrogen gas. The west may begin outsourcing production-side labour to match China’s low costs.
Posted: 23/08/2019
A number of energy providers, environmental activism groups and universities are urging the Government to incorporate AI into efforts against climate change.
Posted: 23/08/2019
A new report sheds light on Japanese energy industry double standards.
Posted: 21/08/2019
A new study claims that gas from UK fracking may be in short supply.
Posted: 21/08/2019
Enchant Energy Corporation has signed an agreement with the City of Farmington to keep a coal-fired power plant open with carbon capture tech.
Posted: 21/08/2019
The University of Liverpool will divest from all fossil fuel companies following student action.
Posted: 20/08/2019
Australia emits the 12th most sulphur dioxide of any country. Greenpeace blames coal.
Posted: 20/08/2019
UKCI will spend £14m on clean energy project funding in South Africa, as studies show the country’s coal industry beginning to struggle.
Posted: 20/08/2019
Bureau Veritas is pointing businesses toward supply chain sustainability.
Posted: 19/08/2019
Chinese financiers provided over USD $1bn in bonds meant for sustainable investment to coal and fossil fuel projects.
Posted: 19/08/2019
Over 3,000 churches across the UK are switching to zero-carbon energy.
Posted: 19/08/2019
Small clean energy suppliers face pressure from Ofgem to meet renewable energy obligations, or risk having licences revoked.
Posted: 19/08/2019
Australia finds itself at odds with Pacific Island leaders following a “watered down” Pacific Island Forum statement.
Posted: 19/08/2019
The Department for Business, Energy and Industrial Strategy has set out new positions on fracking, causing concern from environmental groups.
Posted: 16/08/2019
The Banks Group has launched a legal challenge against the current Contracts for Difference auction.
Posted: 16/08/2019
Cuadrilla will resume Lancashire fracking activities until November.
Posted: 16/08/2019
China has pledged to cap greenhouse gas emissions following analysis from NCSC.
Posted: 15/08/2019
Three environmental energy companies have teamed up with a new deal to convert waste to hydrogen.
Posted: 15/08/2019
With atmospheric methane levels rising, fracking could be to blame.
Posted: 15/08/2019
A number of MPs have signed a letter addressed to the prime minister requesting an amendment to allow the development of onshore wind farms, while studies indicate their vast potential.
Posted: 15/08/2019
More flexible capacity is necessary to avoid events like the power outage on Friday, according to Aurora.
Posted: 14/08/2019
The EPA faces a lawsuit over plans to replace Obama-era environmental legislation.
Posted: 14/08/2019
A study has identified market opportunities for local solar energy production in China, as the country prepares to remove government subsidies in the industry.
Posted: 14/08/2019
Ørsted has decided to phase out fossil-fuelled vehicles, making its car fleet 100 per cent electric, though the company has yet to clarify the logistics of the phase-out process.
Posted: 14/08/2019
Macquarie’s Green Investment Group will acquire the East Anglia ONE offshore wind farm from ScottishPower Renewables.
Posted: 13/08/2019
The City of Helsinki is preparing to release a new app with the aim of promoting environmentally friendly local businesses.
Posted: 13/08/2019
A report from BloombergNEF predicts continued and accelerated growth in the world renewable energy market, with two-thirds of the world’s energy coming from renewable sources by 2050.
Posted: 13/08/2019
Shortly after the brief disconnection of Hornsea One, wind energy producer Ørsted has opened a formal consultation phase in Yorkshire to discuss plans for Hornsea Four.
Posted: 13/08/2019
A report by Moody’s shows substantial growth in green bond issuance for the second financial quarter of 2019.
Posted: 12/08/2019
£2.5m of government funding will go to new electric vehicle charging stations across the UK, despite market uncertainties.
Posted: 12/08/2019
Good Energy takes aim at “greenwashing” energy suppliers and a REGO loophole.
Posted: 12/08/2019
Questions remain surrounding the UK’s power failure on Friday.
Posted: 12/08/2019
A report from the IPCC identifies land as a critical resource for the reduction of carbon emissions, and encourages early action to support the climates of at-risk developing countries.
Posted: 12/08/2019
Porsche has partnered with South Pole in pursuit of sustainability goals, but questions of “greenwashing” remain.
Posted: 09/08/2019
1MDB’s scandals continue to escalate as the Malaysian government files criminal charges against former and current Goldman Sachs heads.
Posted: 09/08/2019
Research indicates that re-purposing North Sea oil rigs could help reduce emissions and expenses.
Posted: 09/08/2019
A document from COAL21 has raised concerns about the group’s allocation of funds and its ties to lobbyists.
Posted: 08/08/2019
Data released by the SMMT indicates a declining UK market for new cars in general, while pure electric vehicles show substantial growth.
Posted: 06/08/2019
Burberry has partnered with Aquafil to use its sustainable ECONYL fabrics to continue its drive toward environmental sustainability.
Posted: 06/08/2019
Google has released a new list of sustainability commitments, outlining goals for the coming years.
Posted: 06/08/2019
Cuadrilla is seeking more time to complete its Lancashire fracking operation despite past seismic and environmental backlash.
Posted: 06/08/2019
Smart DCC has unveiled a new plan to expand and develop its smart meter business and clientele under pressure from the UK government’s sustainability targets.
Posted: 05/08/2019
Diageo is investing in sustainable energy for their production in Africa, setting new targets after missing its 2015 sustainability goals.
Posted: 05/08/2019
Russia’s new floating nuclear power plant is set to begin its Arctic voyage, despite concerns of a “Chernobyl on ice”.
Posted: 05/08/2019
The new Energy Minister is under pressure to support the development of onshore wind farms in the UK.
Posted: 05/08/2019
While Ecotricity plans its new energy mill, Dale Vince claims that the UK has enough grass to power every home.
Posted: 05/08/2019
The IISD reports that a reallocation of fossil fuel subsidy money would be sufficient for a transition to clean energy.
Posted: 02/08/2019
Amazon has revealed plans to continue to invest in renewable energy, announcing two new wind farm projects, one in the EU and one in the US. But sceptics remain concerned about environmental consequences of fast-fulfilment shipping.
Posted: 02/08/2019
Good Energy has been provided with a permanent exemption from the Default Tariff Cap, allowing it to charge above the cap, due to its ability to source 100 per cent of its energy from renewable sources.
Posted: 02/08/2019
Wind farm developer Ørsted has signed a contract with Tekmar Energy, to produce the world’s largest offshore wind farm Hornsea Two, continuing the rapid expansion of Ørsted's business.
Posted: 02/08/2019
Only four coal power plants will remain in Britain following RWE’s announcement of plans to close its last coal fired power station in the UK.
Posted: 02/08/2019
The IPPR proposed a Sustainable Economy Act with new targets that cover a wider range of sustainability goals, in light of post-Brexit environmental concerns.
Posted: 01/08/2019
Moody’s indicates a positive long-term credit rating for Shell following the energy producer’s move toward low-carbon energy.
Posted: 01/08/2019
BP continues its expansion into emerging new energy markets, from solar panels in Brazil to electric car charging stations in China.
Posted: 01/08/2019
A recent report from the IEEFA found that BlackRock, the world’s biggest investment firm with an investment fund larger than the economy of Japan, made significant losses over the past decade, likely due to fossil fuel investments.
Posted: 01/08/2019
Financial forecasters predict significant growth in the stationary energy storage market over the next 20 years, as lithium-ion battery costs drop and demand for renewable energy rises.
Posted: 01/08/2019
Volkswagen is set to enter a new partnership with an electric car charging software manufacturer, amid German prosecutions of the ex-Audi boss over the emissions cheating scandal of 2015.
Posted: 01/08/2019
Statistics released by the UK government show a 90 per cent decrease in plastic bag sales by the seven biggest grocery retailers since 2015, after the imposition of the mandatory 5p charge. But sceptics remain concerned about “lightweight” loopholes.
Posted: 31/07/2019
The UK Sustainable Investment and Finance Association (UKSIF) has welcomed three new partners to their network.
Posted: 31/07/2019
Moody’s Investors Service announced its acquisition of Four Twenty Seven, after purchasing a majority share in the climate change risk assessment and economic analysis firm. Through this acquisition, Moody’s will expand its research and assessment capabilities and potentially increase or decrease the credit ratings of numerous businesses and countries, leading investors to reconsider their lending.
Posted: 31/07/2019
Asset manager Schroders announced its purchase of a majority share in BlueOrchard, a frontier and emerging market-focused impact investing firm, reflecting a shift in investor’s interests and demands.
Posted: 31/07/2019
BP has outlined its continued expansion in its alternative energy portfolio with a significant growth for its Lightsource BP programme in Brazil, a $30m investment in Calysta, a multinational biotech firm who uses microorganisms to convert methane into protein for livestock feed as well as fuel and plastic and its recent investment in the agriculture developer and food producer Bunge, a story reported on earlier.
Posted: 30/07/19
Unilever sent a strong warning to its sub-brands this week, urging them to embrace environmental sustainability or risk being sold.
Posted: 30/07/19
Centrica will deliver a dedicated home charging installation service and electrified vehicle tariffs from British Gas and Bord Gáis Energy under the new partnership with Ford.
Posted: 30/07/2019
Protesters have closed part of Moorgate, demonstrating outside the offices of Drax Power.
Posted: 30/07/2019
In a recent draft of an energy industry proposed lending policy, the European Investment Bank (EIB) laid out a plan to take steps toward the achievement of the environmental sustainability goals set in the Paris Climate Accord. This creates conflict with their previous investments in the non-renewable fossil fuel industry.
Posted: 29/07/2019
Virgin Media recently has announced its commitment to the use of 100 per cent renewable electricity. The telecommunications giant joins Apple, BT, Coca-Cola and numerous others in the RE100 initiative.
Posted: 29/07/2019
The annual Digest of UK Energy Statistics, published by the Department for Business, Energy and Industrial Strategy, provides definitive figures for 2018 for the first time showing that low carbon electricity generation (renewables and nuclear) hit a record 52.6 per cent and coal dropped to a record annual low of 5.1 per cent.
Posted: 26/07/2019
The annual Digest of UK Energy Statistics, published by the Department for Business, Energy and Industrial Strategy, provides definitive figures for 2018 for the first time showing that low carbon electricity generation (renewables and nuclear) hit a record 52.6 per cent and coal dropped to a record annual low of 5.1 per cent.
Posted: 26/07/2019
The annual Digest of UK Energy Statistics, published by the Department for Business, Energy and Industrial Strategy, provides definitive figures for 2018 for the first time showing that low carbon electricity generation (renewables and nuclear) hit a record 52.6 per cent and coal dropped to a record annual low of 5.1 per cent.
Posted: 26/07/2019
Zara owner Inditex has announced that the Zara brand will switch to fully sustainable fabrics in the next six years, with other brands in the portfolio to follow.
Posted: 26/07/2019
The communications agency Hotwire is to engage in a pro bono communications programme with WaterAid, the international development organisation. The global partnership will use Hotwire’s expertise to help increase awareness of the charity and the issues faced by those who live without access to clean water, toilets and good hygiene and as a result, drive donations, volunteering and advocacy.
Posted: 26/07/2019
Ahead of the UN Climate Action Summit, 27 companies with a combined market capitalisation of $1.2tr have committed to set 1.5C climate targets aligned with a net-zero future, challenging governments to match their ambition.
Posted: 26/07/2019
Working in conjunction with BASF, Jaguar Land Rover (JLR) is part of a pilot project called ChemCycling that upcycles domestic waste plastic, otherwise destined for landfill or incinerators, into new high-quality materials.
Posted: 26/07/2019
Ove 200 prominent CEOS from across Europe have joined a message to Ursula von der Leyen, Charles Michel, and David Maria Sassoli, the newly elected Presidents of the European Commission, Council of the European Union, and European Parliament, calls for an overarching strategy for sustainability by 2030. President von der Leyen has expressed her desire to make Europe the first climate-neutral continent in the world by 2050.
Posted: 26/07/2019
BP has agreed to form a joint venture with American agribusiness and food company Bunge to create a bioenergy company.
Posted: 26/07/2019
Data security, data privacy and climate change are the top three issues that consumers in the UK expect companies to take a stand on, according to new research.
Posted: 17/07/2019
Asda is to stop providing single-use plastic carrier bags with its online grocery orders removing 85 million plastic bags from production each year.
Posted: 17/07/2019
As the offshore wind sector expands and prices fall, asset owners and investors are becoming increasingly exposed to technical and supply chain risks, alongside natural catastrophe and extreme weather.
Posted: 17/07/2019
Uber has attempted to move beyond having a ‘box to check or a target to hit’ on its diversity and inclusion, making a commitment to D&I in a wider sense, considering the ‘cumulative impact of various and simultaneous identities’.
Posted: 17/07/2019
AstraZeneca has announced that the pharmaceutical giant is to switch its fleet of 16,000 vehicles to electric to limit the health impacts of air pollution across the globe.
Posted: 17/07/2019
Shell Ventures and Sumitomo Corporation have invested in US-based LO3 Energy to further develop blockchain-based community energy platform, allowing distributed renewable energy resources (DERs) into local energy networks.
Posted: 16/07/2019
The Access Bank UK used its annual Access Bank Polo Day to record a pledge of $970,000 to build and equip 70 new classrooms, for children's education in Northern Nigeria. Since the UNICEF/Access Bank initiative was started in 2005 it has built schools in Kaduna and, kept more than 8,000 students in continuous education.
Posted: 16/07/2019
The National Grid Electricity System Operator (ESO) has announced it is joining the global alliance of governments, businesses and organisations working to progress the transition away from coal power, the Powering Past Coal Alliance.
Posted: 16/07/2019
There is a failure of transparency from major corporations regarding their impact on global deforestation, according to a new report released today by environmental non-profit CDP.
Posted: 16/07/2019
The Department for Transport has put forward the idea for public consultation that all new-build homes need to be fitted with an electric car chargepoint. If this results in law, England will be the first country to introduce mandatory chargepoints in new housing.
Posted: 15/07/2019
Nordea Liv & Pension Sweden has swapped out €2.1bn of traditional investments and into low-carbon footprint investments in a major shift of investment strategy.
Posted: 15/07/2019
A Select Committee report, 21st Report - Energy efficiency: building towards net-zero warns that a major upgrade of the energy performance of the UK’s entire building stock will be a needed pillar of any credible strategy to reach net zero emissions.
Posted: 15/07/2019
Bristol, Cardiff, Glasgow, Leeds and London are all to see protests over climate change organised by Extinction Rebellion as the group attempts to sway public opinion behind a faster decarbonisation in the UK.
Posted: 15/07/2019
The Campaign to Protect Rural England (CPRE) is backing the ‘all-in’ deposit scheme, one of the two currently proposed by the Department for Food, Environment and Rural Affairs (Defra), estimating that it could create £2bn for the economy over ten years. This is compared to just £250m that would be generated by the alternative ‘on-the-go’ system.
Posted: 12/07/2019
Reaching net zero carbon emissions by 2050 is achievable, but not all scenarios can achieve it, according to the National Grid Electricity System Operator's Future Energy Scenarios report.
Posted: 12/07/2019
Swedish energy group Vattenfall and the Offshore Renewable Energy (ORE) Catapult, the UK innovation and research centre, is giving innovators in the offshore wind supply chain the opportunity to test and demonstrate technologies in real-world conditions at Vattenfall’s European Offshore Wind Deployment Centre (EOWDC), off Aberdeen in a new £1.5m joint programme.
Posted: 11/07/2019
Engenie is planning to double the current number of rapid charge points in the UK by 2024, funded by a £35m investment commitment from Cube Infrastructure Fund II.
Posted: 11/07/2019
There is a classic management line: ‘what gets measured gets done’, which is, of course, a wry way of saying be careful about what you want to measure. The latest appears to be that if you ask for boxes to be ticked, you will get boxes ticked – but you might not really achieve what was intended.
Posted: 11/07/2019
VW Group is to group its environmental measures under the banner goTOzero, with Oliver Blume, member of the group board of management responsible for environmental protection, saying: "Our efforts to improve environmental protection cover the entire product cycle, from development, production and operation to the subsequent recycling of our vehicles and administration. We also involve our suppliers. Only together can we achieve our goals".
Posted: 11/07/2019
Greene King, in partnership with The Prince’s Trust, has now recorded helping over 300 young people across the UK kick-start their careers, with the help of training, work experience and employment.
Posted: 10/07/2019
As the last VW Beetle rolls off the line in Mexico, another legend is entering a new phase the Mini, first produced in 1959, is meeting its sixtieth year by going all electric.
Posted: 10/07/2019
A new report assessing the climate performance of 274 of the world’s highest-emitting publicly-listed companies finds that almost half (46 per cent) do not adequately consider climate risk in operational decision-making and a quarter (25 per cent) do not report their own emissions at all, undermining a key recommendation of the Taskforce for Climate-related Financial Disclosure (TCFD).
Posted: 10/07/2019
The Committee on Climate Change (CCC) has stated that in order to fulfil its promise to reduce emissions to net-zero by 2050, the Government must act decisively within the next 18 months.
Posted: 10/07/2019
OPRL’s steering group are reviewing labelling rules to take account of sortation processes and the likelihood of reprocessing with the aim of creating labels to reflect the whole recycling process.
Posted: 09/07/2019
The first government bond index to adjust index weights based on each country’s preparedness and resilience to climate change risk has been launched by FTSE Russell.
Posted: 09/07/2019
The Government is to invest £37m into electric charging infrastructure, dividing the investment between twelve projects including wireless charging technologies - charging without the need to plug in a cable.
Posted: 09/07/2019
E.ON is to provide all of its residential customers across Britain with a 100 per cent renewable electricity supply at no extra cost.
Posted: 09/07/2019
Paul Polman, the ex-CEO of Unilever is heading up a new group to address poverty and climate change along with EY’s Valerie Keller and Jeff Seabright, Unilever’s chief sustainability officer. The Imagine foundation and corporation is to campaign for global goals for sustainable development, and is aligned to Polman’s (and Better Society’s) vision that business and the private sector had a critical role to play is creating meaningful change.
Posted: 08/07/2019
Centrica, Mitie and SSE have joined the Climate Group’s global EV100 initiative for electric vehicles (EVs).
Posted: 08/07/2019
Climate change lawsuits have been launched in at least 28 countries around the world, according to a new report published by the Grantham Research Institute at the London School of Economics and Political Science.
Posted: 08/07/2019
A new independent institute that will make it easier for people to invest their money to benefit communities has been launched. The Impact Investing Institute will encourage savers to choose ISAs, pensions and savings products that can produce an additional social or environmental benefit.
Posted: 08/07/2019
Happy belated birthday, just a year since GDPR came into force, the ICO has issued its biggest fine to British Airways (BA) for a data breach relating to 500,000 customers.
Posted: 08/07/2019
Rays of Sunshine, a charity supporting children with serious or life-limiting illnesses, has been partnered by mutual provider Foresters Friendly Society as their annual charity.
Posted: 08/07/2019
Jaguar Land Rover (JLR) will build its new range of electrified cars in the UK, safeguarding thousands of jobs, with the new fully electric XJ slated as the first product.
Posted: 05/07/2019
Street Elite, a scheme run by charity The Change Foundation and funded by the Berkeley Foundation, targets unemployed young women in the borough, giving them 12 weeks of personal training and mentoring, followed by group activities designed to build confidence and prepare them for the world of work.
Posted: 05/07/2019
This year’s energy auction, designed to encourage more renewable energy, may well see offshore wind at wholesale rates and a real shift to renewables making up the bulk of the UK’s energy supply.
Posted: 05/07/2019
The British public is more positive to brands taking a stance on ESG (86 per cent) and animal rights (77 per cent) than on gender equality (64 per cent) or LGBT+ issues (56 per cent), according to a YouGov survey. But more people think they should take a stance in all instances.
Posted: 04/07/2019
The UK new car market declined for the fourth consecutive month, with alternatively fuelled vehicles sales falling for the first time in 26 months.
Posted: 04/07/2019
The National Trust has tightened its stance on divestment, and whereas it had previously required that no investment be made directly in companies which derived more than 10 per cent of their turnover from the extraction of thermal coal or oil from oil sands.
Posted: 04/07/2019
Boutique environmental finance firm Sustainable Investment Management (SIM) plans to issue $1bn in green bonds over the next four years related to the sustainable production of soy and corn.
Posted: 04/07/2019
The London Stock Exchange (LSE) will now list coal, oil and gas companies under a non-renewable energy category. Index provider FTSE Russell has placed companies such as BP and Shell in the category, having previously categorised them as oil and gas producers, grouping them with coal producers that were placed under basic materials/mining.
Posted: 03/07/2019
Adidas UK is in trouble over its use of social media. The company somewhat failed to account for the contrary nature of humans when it asked Twitter users to send in their usernames so that it could virtually create Arsenal FC shirts and retweet them. Naturally, some used the opportunity to create offensive and racist slogans.
Posted: 02/05/2019
The Burbo Bank Extension offshore wind farm in Liverpool Bay is now into its second year of energy production, and the associated community fund has reached the 100th local project being awarded a grant, with total grants now just short of £1m.
Posted: 02/07/2019
The Government has published its Green Finance Strategy for the financial sector with the objectives of aligning private sector financial flows with clean, environmentally sustainable and resilient growth, supported by government action, and the strengthening of the competitiveness of the UK financial sector.
Posted: 02/07/2019
Chubb, the largest commercial insurance company in the US, has stated that it will no longer sell insurance for new coal-fired power plants, and to companies that derive more than 30 per cent of their revenues from thermal coal mining, making it the first US major insurer to do so.
Posted: 01/07/2019
Aviva has launched a workplace pension default investment strategy that considers ESG factors. The Stewardship Lifestyle Strategy takes account of ESG issues throughout the growth and consolidation phases.
Posted: 01/07/2019
G20 leaders at the summit in Osaka have agreed on a range of priorities including helping society adapt to the digital transformation of economies, empowering women, tackling inequalities, meeting the challenges of an ageing society, promoting quality infrastructure, addressing environmental degradation and strengthening the international tax system.
Posted: 01/07/2019
Countries that score highest on ESG issues benefit from tighter credit default swap (CDS) spreads, according to new research from the Credit and Responsibility teams at Hermes Investment Management and the Macroeconomic Research team at Beyond Ratings.
Posted: 01/07/2019
WRAP, the body overseeing The UK Plastics Pact, has published a list of eight problematic or unnecessary single-use plastics that Pact members will be expected to remove from the shelf by the end of 2020.
Posted: 28/06/2019
The PIMCO Foundation, the philanthropic arm of fixed income investment managers PIMCO, has awarded $2m to The Global FoodBanking Network (GFN).
Posted: 28/06/2019
A survey of US institutional investors’ use of proxy voting with public companies finds responsible investors use their proxy votes to signal approval or disapproval of the gender and racial diversity on corporate boards.
Posted: 28/06/2019
Co-op has committed to further steps to curb its emissions having already halved its emissions in the ten years from 2006.
Posted: 27/06/2019
Protesters gathered to lobby Westminster over climate change with the Time is Now group reporting 15,000 people from a broad coalition of organisations, charities, NGOs and individuals, including surfers and nuns attending the demonstration.
Posted: 27/06/2019
UK Power Networks is inviting charities and community groups to apply for grants under its £300,000 Power Partners fund which aims to support organisations that work to alleviate fuel poverty, support people in vulnerable circumstances and make community buildings warmer and cheaper to heat.
Posted: 27/06/2019
As investors, governments and regulators increasingly understand infrastructure as an asset class that should be benchmarked with the same level of insight as buildings, BRE Global has launched CEEQUAL Version 6.
Posted: 27/06/2019
The Department for Business, Energy & Industrial Strategy (BEIS) has awarded £26m to accelerate the rollout of carbon capture and storage.
Posted: 27/06/2019
Last year 53 per cent of all the palm oil imported into the EU was used to make biodiesel for cars and trucks and 12 per cent to generate electricity and heating.
Posted: 27/06/2019
BP’s latest Statistical Review of World Energy shows that primary energy consumption grew 2.9 per cent last year, almost double its 10-year average and the fastest since 2010.
Posted: 27/06/2019
The 1.4 GW, Hornsea Two will overtake its sister project Hornsea One as the biggest offshore wind farm in the world when operational in 2022, and 30 Transition Pieces (TPs) will be manufactured at EEW OSB, in Teesside.
Posted: 27/06/2019
The UK government has now confirmed its target to be net zero in carbon emissions by 2050, making it the first major, G7, economy to do so.
Posted: 27/06/2019
Ahead of the G20 Summit in Japan, research from think-tank ODI reveals that major economies are still maintaining subsidies to the fossil fuel industry.
Posted: 25/06/2019
“The British public wants to recycle but we can’t get away from the vast amounts of waste that poorly designed packaging creates”, quoted Daniel Zeichner, MP for Cambridge, from a petition, signed by almost 250,000 people urging the Government to ban all non-recyclable food packaging that was debated in Parliament.
Posted: 25/06/2019
Global recruitment company Robert Walters has written to the Minister of State at the Ministry of Justice to offer the company’s resources in a number of prisons following the publication of Unlocking a Better Life, a report into how to achieve employment revolution in UK prisons by think-tank Onward.
Posted: 25/06/2019
Zurich Insurance Group has updated its fossil fuel policy that details moves to wind down investments and insurance coverage for coal developers, utilities, mine operators, and companies heavily involved in tar sands and oil shale.
Posted: 25/06/2019
RenewableUK has released figures showing that offshore wind has grown by 16 per cent in the last year, with the US gaining the most capacity and accounting for half (48 per cent) of growth globally despite a less environmentally friendly political climate.
Posted: 25/06/2019
Boots is replacing its plastic bags with paper bags. The move follows negative coverage of its central pharmacy prescriptions moving to plastic packaging – and this will stay the case.
Posted: 24/06/2019
Shadow Chancellor John McDonnell is expected to attempt to harden Labour’s stance on the environment by announcing a review of the finance sector’s role in climate change in a speech in the City.
Posted: 24/06/2019
The Offshore Wind Industry Council (OWIC) is launching a £100m, 10-year programme today to support the growth of UK businesses looking to capitalise on the huge opportunities offered by the growth in offshore wind around the world.
Posted: 24/06/2019
At the Garzweiler lignite mine in Germany, hundreds of white dressed protesters blocked access and demanded the immediate ending of coal use.
Posted: 24/06/2019
Three EU countries are in danger of derailing the EU’s fraught climate change targets, with Hungary, Poland, and the Czech Republic unwilling to place the EU’s strategic programme for 2019-24 in writing.
Posted: 21/06/2019
As Britain moves towards a new era of clean energy, new research commissioned by National Grid has found that “climate anxiety” is exacerbated by a perceived lack of urgency around addressing the problem and the impact this will have on future generations.
Posted: 21/06/2019
Britain has achieved a historic electricity generation milestone, generating more electricity from zero-carbon sources than fossil fuels for the first time.
Posted: 21/06/2019
A series of ‘citizens’ assemblies’ will be set up in the autumn with the outcomes recorded in a report to help frame further Government actions on climate change.
Posted: 21/06/2019
The Financial Conduct Authority (FCA) has fined Bank of Scotland (BoS) £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Impaired Assets (IAR) team of Halifax Bank of Scotland.
Posted: 21/06/2019
The chief technology officers (CTOs) of seven of the world’s major aerospace manufacturers have released a joint statement to demonstrate how they are collaborating to help drive the sustainability of aviation
Posted: 20/06/2019
Alan Jope, the Unilever CEO, has warned that woke-washing is undermining the advertising industry’s credibility and trust.
Posted: 20/06/2019
Nokia has announced today a five-year multicurrency revolving credit facility (RCF) introducing a sustainability pricing mechanism linking the margin of the RCF to two of Nokia's key sustainability targets: the reduction of greenhouse gas emissions attributed to Nokia's operations and the reduction of greenhouse gas emissions attributed to Nokia's customers' use of Nokia's products.
Posted: 20/06/2019
Insurance company Mapre is launching the Mapre Inclusión Responsable – an investment fund which invests in European companies which actively seek to include disabled people within their workforces.
Posted: 20/06/2019
Law firm Fieldfisher has partnered long-term charity partner the National Deaf Children’s Society to take on the London Legal Walk, completing a 10km walk through the historic Royal Parks and raising funds for the charity’s work supporting deaf children.
Posted: 20/06/2019
Drastically reduced costs will mean that wind, solar and battery technology will account for half of the grid energy requirements worldwide by 2050.
Posted: 19/06/2019
HP has released its 2018 Sustainable Impact Report, which includes an industry-leading goal to increase recycled content plastics to 30 per cent by 2025.
Posted: 19/06/2019
New certification standards revealed at the second annual World Cannabis Congress will encourage and validate actions by members of the global cannabis industry to advance environmental stewardship, social responsibility and good governance.
Posted: 19/06/2019
Sky has reaffirmed its commitment to the Armed Forces, including its partnership with the Career Transition Partnership (CTP) to support the employment of veterans.
Posted: 19/06/2019
A potential limited tax on fast fashion has been rejected by the Government, despite the Environmental Audit Committee (EAC) accusing it of vacillating and failing to take to kerb waste and place responsibility on retailers for the waste they produce.
Posted: 19/06/2019
Costa Coffee has signed up to the Government’s pledge to help halve food waste by 2030.
Posted: 18/06/2019
Think tank REN21 has expressed fears over a coherent renewable energy programme, saying that polices are ‘erratic’ and holding the sector back from its potential contribution to cutting carbon pollution and meeting climate and development targets.
Posted: 18/06/2019
The European Commission’s expert group on sustainable finance has published a draft list of projects that can be deemed ‘green and climate-proof’.
Posted: 18/06/2019
Eleven major shipping banks, representing a bank loan portfolio to global shipping of approximately $100bn will integrate climate considerations into lending decisions to incentivise maritime shipping’s decarbonisation
Posted: 18/06/2019
Nest, the largest UK pension master trust, has confirmed it will be going tobacco-free across all of its investments.
Posted: 17/06/2019
Switzerland, Singapore and the US are the most sustainable investment markets in the world with companies listed in these countries delivering the most positive social and environmental benefits, research by Schroders claims.
Posted: 17/06/2019
The Insurance Industry Charitable Foundation (IICF) raised over £125,000 at its annual ball with proceeds going to aid local communities.
Posted: 17/06/2019
Despite the disparate energy policies of the EU and differing geopolitical reasons for them, the EU is attempting to follow the UK’s lead toward a net zero carbon policy by 2050.
Posted: 17/06/2019
A group of 88 major investors, with nearly $10tr in assets, is targeting companies that are not transparent enough about their environmental impact and pushing them to disclose this information through the CDP environmental disclosure platform.
Posted: 17/06/2019
Fifteen countries are responsible for more than two-thirds of global CO2 emissions, with China and the US responsible for more than 40 per cent, and China creating almost double the emissions of second-placed US, which is in turn responsible for more than twice the level of third-placed India.
Posted: 14/06/2019
SSE has announced plans to shut its Fiddler’s Ferry coal-fired plant near Warrington by March 2020, reducing the number of UK’s coal-fired power plants to five.
Posted: 14/06/2019
A new rule in the Advertising Codes, which will apply to broadcast and non-broadcast media (including online and social media), banning harmful gender stereotypes in adverts has come into force.
Posted: 14/06/2019
Unilever has reported that its Sustainable Living brands have managed to grow at a rate of 69 per cent faster than the rest of its business last year.
Posted: 13/06/2019
Volvo and Uber have jointly developed a production car capable of driving by itself. An XC90 base vehicle has been equipped with safety features that allow Uber to easily install its own self-driving system, enabling the possible future deployment of self-driving cars in Uber’s network as an autonomous ridesharing service.
Posted: 13/06/2019
Big Society Capital has released its latest annual review of 2018, underlining two trends for working with traditional lenders to fund social programmes and the developing requirements to measure impact successfully.
Posted: 13/06/2019
The world’s largest sovereign fund has continued to divest from climate-related activities and has now formally withdrawn investment in fossil fuels.
Posted: 13/06/2019
The EU governments’ plans to cut pollution from transport, Europe’s biggest emitter, will fail to meet their own 2030 emissions targets.
Posted: 13/06/2019
Volkswagen Group and Goldman Sachs are leading a $1bn investment in Northvolt, alongside BMW Group, AMF, Folksam Group and IMAS Foundation.
Posted: 12/06/2019
The world is a more peaceful place, but climate change presents a major and growing concern for stability.
Posted: 12/06/2019
ESG standards are many and varied, confusing public and professionals alike – a point that has been made by several commentators, including this one.
Posted: 12/06/2019
Danone, Tetra Pak, Nestlé and Veolia are leading a scheme to reduce plastic waste and recycle more plastic waste.
Posted: 12/06/2019
Legal & General Investment Management (LGIM) has today revealed the corporate leaders and laggards on climate change, following the first engagement period under its Climate Impact Pledge.
Posted: 12/06/2019
Legislation will now put the UK on the path to become the first major economy to set net zero emissions target in law.
Posted: 12/06/2019
Barclays has joined RE100 with a commitment to source all of its energy requirements from renewable electricity for its global operations by 2030, with an interim goal of being 90 per cent renewable by 2025.
Posted: 11/06/2019
The Environmental Audit Committee has published its report into UK Export Finance (UKEF) investigating the scale and impact of financing of fossil fuels in developing countries, revealing that most of UKEF’s investment undermines the UK’s climate commitments.
Posted: 11/06/2019
The John Lewis Partnership has called on the Government to make all occupational health services tax exempt, to encourage employer investment in the physical and mental health of workers.
Posted: 11/06/2019
An ESG low carbon multi-factor ETF has listed on the London Stock Exchange - the Ossiam US ESG Low Carbon Equity Factors UCITS ETF.
Posted: 11/06/2019
As part of Crédit Agricole’s latest published roadmap, the Group has committed to a common climate strategy, in line with the Paris Agreement, with its implementation certified by an independent body and published in 2020 based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Posted: 10/06/2019
The Financial Stability Board (FSB) has welcomed the publication of the 2019 Status Report by the industry-led Task Force on Climate-related Financial Disclosures (TCFD) providing an overview of the extent to which company reports from 2018 included information aligned with the core TCFD recommendations published in June 2017.
Posted: 10/06/2019
Michael Bloomberg has pledged $500m to a campaign to close every coal-fired power station in the US and stop the growing use of natural gas.
Posted: 10/06/2019
Project Proof, an Ellen MacArthur Foundation Pioneer Project led by Mondi, has developed a usable pouch prototype containing 20 per cent post-consumer waste bringing flexible packaging one step closer to a circular economy.
Posted: 10/06/2019
The majority of the UK public (83 per cent) are making efforts to cut the amount of plastic they use and throw away, however, a survey by the phone-recycling company Gazelle, also found that eight out of ten (81 per cent) say that although they want to do more to help the environment, they feel confused about what can and cannot be reused or recycled.
Posted: 10/06/2019
The first airport reusable cup trial has been launched by Starbucks and Hubbub with Gatwick Airport. The trial will offer drop off points for Starbucks reusable cups throughout the airport’s South Terminal to help cut paper cup waste and address throw-away culture.
Posted: 10/06/2019
Philip Hammond has acknowledged the need to move to a zero carbon economy, but highlighted the cost, and need to transition over time.
Posted: 07/06/2019
Unilever CEO Alan Jope has written an open letter to its trade associations and business groups, stating the need to accept the issues of climate change and requesting urgent action to shift economies onto a ‘zero carbon pathway’.
Posted: 07/06/2019
Greene King is partnering with the Innovation Gateway to accelerate its progress in reducing its carbon footprint, energy use and waste generation of its buildings, joining up with Tesco, the Royal Bank of Scotland and Heathrow Airport among others.
Posted: 07/06/2019
Jaguar Land Rover (JLR) and BMW Group have confirmed they are joining forces to develop next-generation Electric Drive Units (EDUs).
Posted: 06/06/2019
At the end of 2018 telecommunications giant BT pledged to become net zero of carbon emissions by 2045.
Posted: 06/06/2019
Carmaker SEAT has reduced the environmental impact of its Martorell factory by 34 per cent since 2010, including cutting 2.4m tonnes of CO2 emissions and installing pollution-killing pavements.
Posted: 06/06/2019
Budweiser Brewing Group UK&I has officially opened its new eco-friendly headquarters. Awarded with the Gold Standard award for Leadership in Energy and Environmental Design (LEED) it reinforces the group’s ambition to be the UK’s most sustainable brewer.
Posted: 06/06/2019
Over 900 Iceland Food is launching its Charity Week to raise £500,000 for Alzheimer's Research UK.
Posted: 05/06/2019
The Worldwide Harmonised Light Vehicle Test Procedure (WLTP) was meant to bring CO2 emissions in line with the real-world by more closely replicating actual vehicle use in laboratory tests, but while real-world diesel car CO2 emissions are now close to the latest laboratory results, tests of petrol cars and real emissions appear to vary widely.
Posted: 05/06/2019
UK and Dutch financial regulators have agreed to work more closely together to protect and enhance the integrity and stability of both countries financial systems
Posted: 05/06/2019
Carnival Corporation, the world’s largest luxury cruise operator, emitted nearly ten times more sulphur oxide (SOX) around European coasts than all of the 260 million European cars in 2017, a new analysis by sustainable transport group Transport & Environment reveals.
Posted: 05/06/2019
Vienna Insurance Group (VIG) has published an ‘anti-coal policy’ and will no longer insure new coal power plants and mines, stop its investments in coal power plants and mines and extend existing contracts only under certain conditions.
Posted: 05/06/2019
Finland is aiming to be the world’s first fossil fuel free society, becoming completely carbon neutral by 2035.
Posted: 05/06/2019
The Canadian government has launched a Climate Action Incentive Fund (CAIF) with up to Can$218m (£141m) in its first year (2019-2020), funded from the proceeds of the federal carbon pollution pricing system.
Posted: 05/06/2019
A dedicated refillable zone, the UK's first supermarket frozen ‘pick and mix’ and first borrow-a-box scheme are among a series of ideas being tested from Waitrose & Partners, with the potential to save thousands of tonnes of plastic and packaging.
Posted: 04/06/2019
Some of the world’s biggest companies representing nearly $17tr in market capitalisation have valued the climate risks to their businesses at almost US$1tr - with many likely to hit within the next five years.
Posted: 04/06/2019
Allia Impact Finance has undergone a rebrand, and will now be known as Allia C&C as part of the overall Allia group.
Posted: 04/06/2019
Volvo Cars is joining other car makers, service providers and national governments in a pan-European pilot project to share traffic safety data generated by cars and infrastructure, in the interest of safer roads.
Posted: 04/06/2019
The RSPB has used a new finance deal with Triodos Bank to install renewable energy projects across its nature reserves.
Posted: 04/06/2019
Kellogg Company unveiled its next-generation commitment to address global food security aligned with the UN SDGs with its eleventh annual corporate responsibility report.
Posted: 04/06/2019
Ørsted has officially commenced new operations on Hornsea One, located 120km off the Yorkshire Coast.
Posted: 03/06/2019
FX consulting firm Audere has launched a new service for internationally operating charities under its recently established social division known as ‘Charitytransfers.org’. As many iNGOs have a low level of foreign exchange knowledge, transfers can result in overcharging.
Posted: 03/06/2019
Pensions Minister Guy Opperman has stated that the financial risks of climate change are “too important to ignore” and that the pensions industry help tackle the issue.
Posted: 03/06/2019
A total of 41 new Marine Conservation Zones (MCZs) around the UK coast will be created as listed areas, bringing the total of protected areas up to 91 and forming a 'Blue Belt' of 220,000 square kilometres.
Posted: 31/05/2019
The National Grid Electricity System Operator (ESO) has confirmed that the UK has managed to go coal less in electricity generation for two weeks and also beaten the record for solar power this month.
Posted: 31/05/2019
A new fund to help develop innovative European companies and bring clean energy technologies to the market has been created, as the first of its kind to cater for the required capital intensity and long development horizons that these technologies require.
Posted: 31/05/2019
The Quilter Foundation has announced it is opening a fund designed to support charities which deliver programmes aimed at helping young adults build skills, experience and confidence to build a secure future through employment.
Posted: 31/05/2019
Global hotel group Hilton is celebrating celebrate its 100th anniversary with “random acts of hospitality” in its local communities and creation of the Hilton Effect Foundation, which will help create a better world by making positive impact investments.
Posted: 31/05/2019
The Association of Member Nominated Trustees (AMNT) review into fund managers' voting policies and practices found that few fund managers had what the AMNT considers best practice public voting policies and guidelines on climate change, gender and ethnic diversity.
Posted: 31/05/2019
The London Waste and Recycling Board (LWARB) and QSA Partners have announced that they are working with a number of fashion retailers to develop and pilot a range of new circular economy business models such as clothes hire, product resale, repair and rental services.
Posted: 30/05/2017
Waitrose & Partners will introduce an ‘invisible door’ that has the potential to save British retailers a combined £1.5bn per year by reducing their energy bills.
Posted: 30/05/2017
Only 10 million of the 43 million highly-polluting diesel cars and vans that were caught in the ‘Dieselgate’ emissions scandal have been recalled since 2015 according to EU data.
Posted: 30/05/2017
Dutch insurance and asset management company Nationale Nederlanden Group (NN Group) has pledged to phase out investments in the coal industry by 2030.
Posted: 29/05/2019
Recruitment software company Hireserve has created a guide to volunteering for business leaders, HR professionals and all those focused on enhancing their organisation’s CSR and internal communications.
Posted: 28/05/2019
Energy companies Drax Group, Equinor and National Grid Ventures have signed a memorandum of understanding (MoU) committing them to work together to explore how a large-scale carbon capture usage and storage (CCUS) network.
Posted: 28/05/2019
Norwegian pension provider KLP will dispose of all its shares in companies which produce alcohol, gambling and pornography.
Posted: 28/05/2019
Head of the Equality and Human Rights Commission (EHRC) has voiced a concern that the concept of ‘identify politics’ is divisive and undermines the coherence of society.
Posted: 28/05/2019
The Co-op has issued a Sustainability Bond raising £300m with the proceeds exclusively to be used on supporting and promoting Fairtrade, its producers and communities.
Posted: 28/05/2019
Ashley Andrew, the UK MD of Hyundai, has suggested that hydrogen could be the future for commercial transport, pointing out that 15 per cent of greenhouse gas emissions in the EU in 2015 came directly from shipping.
Posted: 24/05/2015
Ørsted has launched two new green gas products for commercial operators seeking to help decarbonise their energy needs.
Posted: 24/05/2015
Aberdeen Standard Investments, Deutsche Bank KPMG, The Berkeley Group, Deloitte, Warner Bros., ITV, Deutsche Bank and Capital One were all among the winners at the Better Society Awards 2019, celebrated with a packed ceremony in London last night.
Posted: 24/05/2015
Wealthy individuals and charities are being asked to donate more protect the environment and the climate, with a group of scientists writing a letter to the wealthiest hundred charitable bodies and families.
Posted: 23/05/2019
Shareholders have defeated proposals that would have made the company consider the societal impact of its facial recognition technology and its action on climate change.
Posted: 23/05/2019
Hong Kong has announced the successful issuance of a $1bn inaugural green bond under its Government Green Bond Programme.
Posted: 23/05/2019
A Kenyan company is using waste plastic to create roof tiles for homes with the support of FTSE 100 packaging company Mondi.
Posted: 23/05/2019
In Washington, over 75 businesses, including BP, eBay, Nike, Mars, Microsoft, Nestlé, PepsiCo, Shell, Tesla and Unilever are meeting with federal lawmakers to call on Congress to pass meaningful climate legislation in the US, including placing a price on carbon.
Posted: 23/05/2019
Amazon wants to sell its facial recognition technology to US police forces but is facing opposition at its forthcoming AGM.
Posted: 22/05/2019
A report from Chatham house warns that insufficient attention has been paid to the circular economy (CE) pathways in developing countries, despite considerable innovation and policy progress.
Posted: 22/05/2019
The Government should create a market for so-called ‘negative emissions’ that result from the removal of greenhouse gases from the atmosphere.
Posted: 22/05/2019
At an eventful BP AGM in Aberdeen, days after Greenpeace dropped one tonne inhabited cubes in front of its headquarters gates, shareholders have voted overwhelmingly for the company to make greater disclosure on how its business will align with climate goals.
Posted: 22/05/2019
New measures that cover plastic straws, plastic drinks stirrers and plastic cotton buds in England will come into force from April 2020.
Posted: 22/05/2019
The Bank of Italy is proposing a new scheme that will reward companies that meet ESG criteria.
Posted: 21/05/2019
Community benefit society Broadband for the Rural North (B4RN) has now raised £2m on the Triodos crowdfunding platform, with investment coming from both institutional investors and retail investors.
Posted: 20/05/2019
BP’s St James Square headquarters has been blockaded with a series of containers, forcing the company to advise workers to stay home.
Posted: 20/05/2019
Tesco has retained its top spot in the Global Governance RE 100 Index, the ranking based on compliance and conformance with the UK Modern Slavery Act (MSA) (2015) and good practice in human rights of London’s largest commercial landlords by square foot.
Posted: 20/05/2019
The UN Secretary-General António Guterres’ drew attention to the imminent dangers of climate change, bluntly stating that conflict was a likely and increasingly probable outcome if climate change was not tackled, saying, “military strategists see clearly the possibility of climate impacts increasing tensions over resources and mass movements of people everywhere in the world.”
Posted: 17/05/2019
CFA UK, the membership body for investment professionals, is to launch a qualification in ESG.
Posted: 17/05/2019
The International Energy Agency (IEA) has released its World Energy Investment 2019 report, highlighting several shifts in energy production, use and investment.
Posted: 16/05/2019
A report from PwC has revealed that the overall rate of forced departures of CEOs is generally steady, but that recent trends, but more CEOs are being dismissed for ethical lapses than for financial performance or board struggles.
Posted: 16/05/2019
Dr Rhian-Mari Thomas, the former Global Head of Green Banking, Founder and Chair of the Green Banking Council at Barclays, has been appointed as the first CEO for the Green Finance Institute.
Posted: 16/05/2019
A new study suggests that more than a third of companies have no whistleblowing system in place. The Whistleblowing Report 2019, which was conducted by the University of Applied Sciences HTW Chur in Switzerland and published by EQS Group sought the views of 1,392 companies across the UK, France, Germany and Switzerland.
Posted: 15/05/2019
Following the announcement of Starbucks $1bn Sustainability Bond, Starbucks has joined the World Wildlife Fund (WWF) and the Ellen MacArthur Foundation as a principal member in the new ReSource Plastic programme.
Posted: 15/05/2019
Off-grid energy companies are turning to the crowd to raise debt finance with over $31m raised last year from the crowd to provide energy to sub-Saharan Africa and South Asia – an increase of $20m from 2017 – with research by Energy 4 Impact revealing that over 90 per cent of crowd-sourced funds for energy access in 2018 was raised on peer-to-peer (P2P) lending platforms.
Posted: 15/05/2019
Extinction Rebellion disrupted a speech by the Minister for Local Government, Rishi Sunak, at the Pensions and Lifetime Savings Association's (PLSA) Local Authority Conference.
Posted: 15/05/2019
Transport for London (TfL) is to introduce the world's first hydrogen double decker buses next year, helping tackle the capital's air quality crisis.
Posted: 14/05/2019
Nestlé, Tesco, Sainsbury’s, and Waitrose have signed up to help halve food waste by 2030 in line with UN Sustainable Development Goals.
Posted: 14/05/2019
A report that looks at the health impact of plastic pollution and rubbish on the world’s poorest people has found that each year between 400,000 and a million people (at the upper end one person every 30 seconds) are dying in developing countries from illnesses and diseases like diarrhoea, malaria and cancers caused by living near uncollected waste and plastic pollution.
Posted: 14/05/2019
His Royal Highness the Prince of Wales has made an address to investment professionals at the CFA Institute Annual Conference urging the sector to show leadership in helping keep climate change to the Paris Agreement.
Posted: 14/05/2019
Starbucks has completed the issuance of a $1bn sustainability bond, the largest of the three the company has issued to date.
Posted: 14/05/2019
VW and Daimler are due their respective annual general meetings amid the continuing issues surrounding the emissions scandal, public distrust in diesel power and attempts to switch rapidly to electric vehicles as the public and governments look to zero-emission options.
Posted: 14/05/2019
UK employees spend £13.6bn on takeaway lunches and Hubbub has discovered that this habit is generating 10.7bn items of packaging waste much of which isn’t recycled or recyclable.
Posted: 14/05/2019
Now in the third year of supporting mental health and working alongside charity partner, Mental Health UK, Lloyds Banking Group has committed to training 2.500 colleagues as Mental Health Advocates by 2021.
Posted: 13/05/2019
OVO Foundation (OVO Energy's charity arm) has announced it has increased its investment in Project Jua, an electrification project that will reach 300,000 people across 300 sites in Kenya in three years.
Posted: 13/05/2019
CDP has released a list of the 43 global cities that can be regarded as possessing climate leadership.
Posted: 13/05/2019
The growth of onshore wind energy is collapsing in Germany, jeopardising both German and EU renewables targets.
Posted: 10/05/2019
Coca-Cola European Partners (CCEP) and UK Youth have announced a national programme to equip young people with confidence, skills and experience following research revealing that over half of 16-25 year-olds cite anxiety as the key barrier to gaining employment.
Posted: 10/05/2019
The last time the UK lasted a week without coal-powered electricity was in 1882, but the National Grid Electricity System Operator (ESO) has confirmed the milestone in decarbonisation – with 13.24 on Wednesday 8th May marking the moment that the last coal-powered generator came off the grid, making it exactly a week of coal-free production.
Posted: 09/05/2019
NGO Carbon Tracker has announced a new project, funded by a $1.7m grant from Google.org, to use satellite imagery to measure carbon emissions from large power plants globally.
Posted: 09/05/2019
International Development Committee, a select committee of the House of Commons, has called for a major shift in emphasis and increased funding for policies to reduce climate change, saying that in order to have a meaningful impact on the threats facing developing nations more will need to be done.
Posted: 09/05/2019
The Government has awarded more than £4m to Fareshare, Company Shop Group, The Felix Project and Food Works Sheffield as the first tranche of a £15m scheme launched in January by Environment Secretary Michael Gove to help overcome barriers to getting food currently going to waste onto people’s plates.
Posted: 08/05/2019
Polestar, the Volvo Cars electric performance brand, has significantly expanded its research and development capacity with the establishment of a new centre in the UK. Situated in Coventry, England, the new facility will allow Polestar to increase its ability to engineer future electric performance vehicles.
Posted: 08/05/2019
Metro Bank is to join forces with Teenage Cancer Trust as the bank’s chosen charity partner for the next 12 months.
Posted: 08/05/2019
Charity Movement to Work (MtW) has announced that one of the UK’s largest producers of fish and seafood, has taken on all the young people to whom it offered work-placement opportunities in the last 12 months.
Posted: 07/05/2019
The UK new car market declined by 4.1 percent in April, according to the Society of Motor Manufacturers and Traders (SMMT) with 161,064 units registered, the second lowest April volume since 2012.
Posted: 07/05/2019
Centrica and Carers UK have written to employers to encourage support for carers, with the aim of helping one million carers stay in or return to work by 2020. The two organisations are also calling on the Government to introduce 5 to 10 days of mandatory paid carers leave for all employers.
Posted: 07/05/2019
The Earth’s resources will face failure without radical action, and nearly one million species risk extinction within decades, UN biodiversity report has predicted.
Posted: 07/05/2019
A poll of the public that indicates a general unwillingness to reduce the amount they drive, fly and eat meat despite the growing awareness of climate change.
Posted: 03/05/2019
Natixis and subsidiary Groupama Gan Vie are launching a unit-linked insurance product that supports energy transition. The green structured note makes it possible to directly finance renewable energy projects in wind, solar, hydraulic and biomass schemes. The funds will be audited by an external auditor and green debt securities will be evaluated by an extra-financial environmental rating agency.
Posted: 03/05/2019
The CBI has commented on the independent Committee on Climate Change’s proposal that the Government commits to a net-zero reduction in greenhouse gas emissions in the UK by 2050.
Posted: 03/05/2019
The John Lewis Partnership’s employees have donated over 24,500 hours in the last year through its Golden Jubilee Trust long-term volunteering programme, creating a new record since the launch of the programme 19 years ago
Posted: 02/05/2019
A recent survey reveals that 35 per cent of PR and communications agencies have declined or refused to engage in greenwashing and astroturfing campaigns for clients. Astroturfing is the practice of making a message appear as if it originates from grassroots participants.
Posted: 02/05/2019
A national climate emergency has been declared by Parliament, with MPs calling on the government to set a zero emission target by 2050 – currently, the pledge is to reduce carbon emissions by 80 per cent compared to 1990 levels by that date.
Posted: 1/05/2019
The UK Sustainable Investment and Finance Association (UKSIF) has called on the Government not to delay the Green Finance Strategy, which was due to be published in Spring 2019 and to use it to set out a plan to achieve net zero.
Posted: 02/05/2019
The Committee on Climate Change (CCC) wants the UK to lead the fight against climate change and asks other countries to follow suit to give an even chance of staying below 1.5C temperature rises by 2100.
Posted: 02/05/2019
Currently, the Government intends to stop the sale of diesel and petrol cars by 2040, but the Committee on Climate Change members are advising that this is too late and should be closer to 2030.
Posted: 01/05/2019
A Sky News report states that Greg Clark, the business secretary, will facilitate a loan of £100m to the country’s second-biggest steelmaker to pay the EU carbon credits.
Posted: 01/05/2019
Social and Sustainable Capital (SASC), a social enterprise and fund manager has invested £250,000 in Futures, another social enterprise which provides jobs and skills advice, training and apprenticeships in Nottinghamshire, via a loan.
Posted: 01/05/2019
Public drinking fountains in London are reducing plastic bottle use, and over the last year the equivalent of more than 155,000 bottles of single-use plastic bottles (500ml) have been dispensed by the free-to-use fountains.
Posted: 30/04/2019
In the UK, 60m tonnes of material which is ordered for use in building projects has to be sent to landfill sites each year. Focus Logistics wants to help reduce construction waste, working with major developers such as Berkerly, RedRow and Barratt.
Posted: 30/04/2019
Staff at the NHS Business Services Authority have chosen two charities to partner with this coming year, following their success in fundraising for the British Heart Foundation during last year. This time around the organisation is partnering with both the Trussell Trust and the Samaritans with fundraising and volunteering for the charities.
Posted: 30/04/2019
Cocoa Life, the Mondelēz International programme that sources sustainable cocoa, has published its Annual Report with a commitment that by 2025 all Mondelēz chocolate brands will source their cocoa sustainably through the programme.
Posted: 30/04/2019
Triodos has been granted a UK banking licence to operate as a subsidiary company, wholly owned by Triodos Bank NV, which will become effective immediately after midnight on 1 May 2019.
Posted: 29/04/2019
The second Global Governance FTSE 100 Index ranking Britain’s largest publicly listed organisations’ compliance and conformance with the UK Modern Slavery Act (MSA) (2015) and good practice in human rights has been released placing Marks & Spencer Group top, Tesco second and British American Tobacco third.
Posted: 29/04/2019
BP has reported that it is making progress on reducing emissions, recording 2.5m tonnes of sustainable reductions since the beginning of 2016, towards its target of 3.5m tonnes by 2025 and reducing overall emissions despite increases in oil and gas production of 3 per cent.
Posted: 29/04/2019
An overwhelming number of fund managers believe that oil companies will not remain attractive investments unless they adopt business models that support the Paris climate targets.
Posted: 29/04/2019
Independent trust Power to Change has launched a campaign entitled Community Business Matters with a series of films to mark the countdown to this year’s Community Business Weekend and give an insight into how community businesses across the country are helping to tackle some of society’s biggest problems including loneliness, lack of training and employment opportunities and poor mental health.
Posted: 26/04/2019
H&M has vowed to reveal full supplier transparency for all garments on its hm.com, the majority of H&M Home interior products sold online, and customers will also be able to access the information when shopping in stores by using an app to scan the price tag on a product to see its details.
Posted: 26/04/2019
Big Society Capital’s is asking the Government to consider expanding the eligibility for schemes under its Social Investment Tax Relief (SITR) number stating that criteria are currently too limiting and have been inhibiting take-up.
Posted: 26/04/2019
The new Step Forward campaign from Royal Voluntary Service (RVS) to raise awareness of volunteering in the local community has enlisted the support and partnership of Legal & General.
Posted: 26/04/2019
Royal Bank of Scotland (RBS) and Landsec have announced their commitment to three initiatives of the Climate Group, these initiatives are focused on electric vehicles (EV100), energy productivity (EP100), and renewable power (RE100).
Posted: 25/04/2019
HSBC and Walmart are partnering in a scheme to offer suppliers improved financing in return for demonstrating progress under either the retailer's Sustainability Index Program or Project Gigaton.
Posted: 25/04/2019
Electric vehicles (EVs) have dominated the visions of clean transport, but they are not without problems (the scarcity and rights issues of lithium and transmission to recharging points). Now Hyundai is promoting hydrogen as a viable alternative.
Posted: 25/04/2019
The hot and sunny Bank holiday weather has helped the UK break another energy milestone as supply went 90 hours without any input from coal-generated electricity according to the National Grid.
Posted: 25/04/2019
Energy minister, Claire Perry said the UK should be proud of its climate efforts, and that the country is a world leader in tackling the issues around climate change. Responding to the recent demonstrations in London, Perry said protesters might in future consider expressing their views "without undermining the consensus" needed for progress.
Posted: 25/04/2019
Ecclesiastical Insurance is attempting to identify the good causes the public like, and will then £1m donated to these charitable causes this summer.
Posted: 25/04/2019
Insurer Hannover Re has announced that it will terminate the reinsurance of newly planned coal-fired power plants or mines - one of the core demands in the campaign of German campaigning organisation urgewald and the international NGO network Unfriend Coal.
Posted: 18/04/2019
SEB and a group of 23 companies led by Finnish energy company Fortum have initiated a project to create a market-place for trading in certificates for the removal of carbon dioxide.
Posted: 18/04/2019
KFC, Taco Bell and Pizza Hut owner Yum! Brands has committed to pursuing a science-based target to reduce greenhouse gas emissions from its operations, franchises and supply chain and to explore purchasing renewable energy.
Posted: 18/04/2019
The European Parliament today voted to cut carbon dioxide emissions from new trucks by 30 per cent by 2030 and reward manufacturers whose electric, hybrid and hydrogen vehicles make up at least 2 per cent of new truck sales with a less stringent target.
Posted: 18/04/2019
The Competition and Markets Authority has called for a shake-up in the UK audit market to address “serious competition problems” in the industry. It says the legislation is needed to address both the vulnerability of the industry to the loss of one of the Big Four, and current inadequate choice and competition.
Posted: 18/04/2019
Europe has invested €27bn in new wind farms during 2018 according to WindEurope’s annual Financing and Investment Trends report published today.
Posted: 18/04/2019
Legal & General has announced it has invested £44.6m in an innovative partnership with Croydon Council to provide 167 homes for families on the housing waiting list.
Posted: 17/04/2019
The financial sector must address climate-related risks, Governor of the Bank of England Mark Carney has stated in an article penned with French central bank governor Francois Villeroy de Galhau and Network for Greening the Financial System (NGFS) chair Frank Elderson in The Guardian.
Posted: 17/04/2019
Moody’s Corporation has acquired a majority stake in Paris-based Vigeo Eiris, an ESG research, data and assessments company. The acquisition will strengthen Moody’s ambition to be a standards provider for ESG.
Posted: 17/04/2019
Former VW chief executive Martin Winterkorn has been charged with fraud in Germany, over three years after the emissions scandal broke and a year after charges were brought in the US.
Posted: 16/04/2019
The pension funds JØP and DIP in Denmark have decided to exclude eight companies based on insufficient actions taken concerning their negative impact on the climate.
Posted: 16/04/2019
Typhoo is the sixth and final major tea brand to publish its list of tea suppliers. The new transparency is a response to the 'Who picked my tea?' a campaign led by Traidcraft Exchange and supported by anti-slavery organisation Freedom United.
Posted: 16/04/2019
The fund management division of Legal and General (L&G), Legal and General Investment Management (LGIM), is to continue to vote against boards where concerns remain around environmental-based issues.
Posted: 16/04/2019
Extinction Rebellion, a campaigning group, has closed several London roads creating traffic congestion across the capital. Staring at 11 am, the ‘International Rebellion’ has caused blockages at Oxford Circus and Marble Arch, as well as targeting the headquarters of Shell.
Posted: 15/04/2019
Diageo brands Guinness, Harp, Rockshore and Smithwick's will no longer have plastic packaging in their packs as part of a £16m initiative that will instead use biodegradable cardboard. Diageo's Northern Irish plant will be the first to use the new packs.
Posted: 15/04/2019
BNP Paribas has released its latest survey of institutional investor attitudes to ESG considerations, attempting to explore how institutional investors are embedding ESG principles and practices into their day-to-day activity.
Posted: 15/04/2019
A programme from Hubbub and funded by the Starbucks 5p cup has been launched to aid communities in the collection of paper cup waste.
Posted: 15/04/2019
Australian retail chain Woolworths Group is aiming to further reduce its environmental impact by becoming the first supermarket to issue green bonds certified by the Climate Bonds Initiative (CBI).
Posted: 15/04/2019
The UK’s biggest automotive analysis by the Society of Motor Manufacturers and Traders (SMMT) reveals that plug-in car fleet ownership has risen 76.6 per cent in 2018, with 195,000 vehicles now on the roads.
Posted: 15/04/2019
The European Union carbon price hit a ten-year this week with news that Prime Minister May has secured a delay in Brexit until 31 October, keeping the UK within the system for another 6 months.
Posted: 11/04/2019
Shell has announced a $300m programme to invest in natural ecosystems over the next three years. The programme is part of a wider strategy to mitigate emissions generated by the company’s customers when using its products.
Posted: 11/04/2019
Zambian villagers can sue mining company Vedanta Resources over alleged pollution in the UK, the Supreme Court has ruled.
Posted: 11/04/2019
Another way to save fuel and emissions is to share, so it is good news that there is a newly signed contract between paper producer SCA and refuse to fuel company Geminor, using the former’s ferries to transport 100 tonnes of baled RDF (refuse derived fuel) on the return trip from transporting paper on ferries that would otherwise be empty.
Posted: 11/04/2019
IKEA Greenwich store has become the first retail unit to achieve a BREEAM UK New Construction Post Construction rating of over 90 per cent for its sustainability.
Posted: 11/04/2019
After the £100m fine by the FCA, the bank now facing a total of $1.1bn in fines for breaking US sanctions against Iran after the US Department of Justice, New York Department of Financial Services, Manhattan district attorney, Department of Treasury, Federal Reserve have joined with the FCA in an additional settlement.
Posted: 10/04/2019
Saxo Bank and Brown Advisory have announced a cooperation to launch a new digital investment portfolio called Ethical Selection.
Posted: 09/04/2019
Bank of America announces it will mobilise an additional $300bn in capital through its Environmental Business Initiative by 2030. This third commitment increases the company’s investment in low-carbon business to more than $445bn since 2007, when the company issued its first Environmental Business Initiative.
Posted: 09/04/2019
S&P Dow Jones Indices has announced an S&P 500 ESG Index, a new index aligned with ESG selection guidelines and designed to replicate the risk and return profile of the main S&P benchmark.
Posted: 09/04/2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank over £100m for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA.
Posted: 09/04/2019
The City of London Corporation has committed to supporting London’s only charity supporting male survivors of sexual abuse with a grant of £120,000.
Posted: 09/04/2019
In theory, the latest EU legislation will help reduce pollution by forcing carmakers to produce low emissions vehicles into their fleets and give the public greater options to purchase them.
Posted: 08/04/2019
The Swedish Pensions Agency is launching several tools and opportunities in the premium pension market to make it easier to choose sustainable options.
Posted: 08/04/2019
A coalition of activist groups, charities and the public is bringing a case against Shell. Friends of the Earth Netherlands, leading the campaign, sent a notice of liability last year urging Shell to issue a planned reduction in its oil and gas activity, to help prevent climate change and start acting in line with the goal of the Paris agreement.
Posted: 08/04/2019
London’s Ultra Low Emission Zone (ULEZ) has come into force, leaving penalty-free access to the centre of London the preserve of petrol cars with minimum Euro 4 standard, diesels with the Euro 6 standard and historic motor vehicles.
Posted: 08/04/2019
Following the reaffirmation of ties with the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have announced they have agreed two memoranda of understanding to ensure there is continuity once the UK leaves the EU. The MoUs cover trade repositories and alternative investment funds (AIFs).
Posted: 08/04/2019
Four projects under the Prospering from the Energy Revolution Challenge have been announced that could help develop local systems delivering cleaner, cheaper and more resilient energy.
Posted: 05/04/2019
A major new UN-led report, involving more than 60 international organisations, warns that a comprehensive overhaul of the world’s financial system is necessary if governments are to honour commitments to tackle critical issues, such as combatting climate change and eradicating poverty by 2030.
Posted: 05/04/2019
BlackRock believes that Investors are underpricing the impact of climate-related risks, including more frequent and intense extreme weather events.
Posted: 04/04/2019
Baillie Gifford is launching the first responsible fund as defined by the Investment Association’s Global Income sector, using the exclusion model and the UN Global Compact principles as parameters.
Posted: 04/04/2019
To help accelerate the adoption of zero-emissions and low-emissions vehicles Toyota Motor Corporation (Toyota) has announced that it will grant royalty-free licenses on nearly 24,000 patents it holds (including some pending applications) for vehicle electrification-related technologies.
Posted: 04/04/2019
ALDI has joined the retailers committed to reducing the global plastics crisis, pledging that by 2025 100 per cent of packaging, including plastic packaging, will be reusable, recyclable or compostable.
Posted: 04/04/2019
Chair of the International Accounting Standards Board (IASB) Hans Hoogervorst has warned of exaggerated expectations for sustainability reporting as a catalyst for change in the absence of policy and political intervention.
Posted: 03/04/2019
The draft National Energy and Climate Plans will fail to deliver the EU’s 32 per cent renewables target for 2030, according to analysis by WindEurope.
Posted: 03/04/2019
The global impact investing market is estimated to be worth $502bn, according to an analysis of the market size and composition by the Global Impact Investing Network (GIIN).
Posted: 02/04/2019
Over half of new car sales in Norway are now electric. According to figures from the Norwegian Road Federation (NRF) nearly 60 per cent of sales in March went to electric in a country that has vowed to end new petrol and diesel vehicles by 2025.
Posted: 02/04/2019
Ryanair is now one of the top 10 highest carbon emitters within Europe, demonstrating the impact of global travel as well as the issues surrounding effective legislation.
Posted: 02/04/2019
The Global Sustainable Investment Alliance (GSIA) has released its biennial investment report, showing that globally sustainable investment assets reached $30.7tr at the start of 2018, a 34 per cent increase from 2016.
Posted: 01/04/2019
One of China's largest e-commerce companies has launched a range of sustainable initiatives in recycling and green packaging across its business and renewed its partnership with the World Wide Fund for Nature (WWF).
Posted: 01/04/2019
The UK Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC) have today reaffirmed their commitment to continue close cooperation and information sharing in the event of the UK’s withdrawal from the European Union (EU).
Posted: 01/04/2019
Transparency is usually a good thing, but ShareAction has found that if you ask too often people are reluctant to answer.
Posted: 01/04/2019
Australia’s largest insurer, QBE, has announced a coal exclusion policy – the first non-European insurer to restrict coal underwriting.
Posted: 01/04/2019
The European Parliament has now agreed on the measures proposed by the EC to tackle marine litter coming from single-use plastic products.
Posted: 01/04/2019
The European Parliament has voted on a classification for sustainable assets, excluding nuclear power as a green asset. Less controversially fossil fuels were also removed from the EU’s proposed Green Finance Taxonomy, with the goal of discouraging investments in polluting industries and boosting green investment.
Posted: 29/03/2019
Royal Mail is conducting a trial of zero-emission e-Trikes for letter and parcel deliveries as part of the company’s ongoing attempts to reduce CO2 emissions associated with its operations.
Posted: 29/03/2019
In the US, ExxonMobil has agreed to report on plastics spills and plastics handling, and a resolution asking Starbucks to manage packaging has the support of half of the shareholders, according to shareholder advocacy group As You Sow.
Posted: 29/03/2019
In the paper 'Boom and Bust 2019' the coal-fired power plants under development worldwide are reported to have dropped steeply in 2018. According to the report released by Global Energy Monitor, Greenpeace India, and the Sierra Club, this is the third year in succession that coal-fired energy has declined, and the latest 20 per cent drop in newly completed coal plants heads a 39 per cent drop in new construction starts (creating a total of 84 per cent drop in the past three years).
Posted: 29/03/2019
A 12-seater punt made from recycled plastic will take its maiden voyage next month in Manchester’s Salford Quays, then tour the UK, taking the public out on ‘plastic fishing’ trips to raise awareness of the growing levels of plastic pollution in UK’s rivers and canals.
Posted: 29/03/2019
A 12-seater punt made from recycled plastic will take its maiden voyage next month in Manchester’s Salford Quays, then tour the UK, taking the public out on ‘plastic fishing’ trips to raise awareness of the growing levels of plastic pollution in UK’s rivers and canals.
Posted: 29/03/2019
The impact of climate change is accelerating, according to a new report from the World Meteorological Organization (WMO). The report details climate-related risks and impacts on human health and welfare, migration and displacement, food security, the environment and ocean and land-based ecosystems. It also catalogues extreme weather around the world.
Posted: 29/03/2019
IFC has launched its updated Corporate Governance Methodology in response to the growing trend for investors to pay closer attention to the way companies manage ESG matters.
Posted: 28/03/2019
The third edition of the Global Green Finance Index (GGFI 3) has been released, based on a worldwide survey of finance professionals’ assessments on the quality and depth of green finance across 110 international financial centres, combined with measurable factors provided by third parties, including Corporate Knights, the Climate Bonds Initiative, the World Health Organisation, and the World Bank.
Posted: 28/03/2019
ASOS has co-hosted an event at the House of Lords with Baroness Lola Young, co-chair All Party Parliamentary Group on Ethics and Sustainability in Fashion, to challenge attendees to sign a pledge on meaningful practices to tackle modern slavery.
Posted: 27/03/2019
2020 will mark three decades since the first IPCC report, and three decades until the deadline for EU states to decarbonise. This halfway point represents a point of progress, and the good news is that the 2050 target might be met.
Posted: 27/03/2019
Michael Bloomberg has announced plans for a new Decarbonisation Tracker that will track the progress made by utility companies transitioning away from fossil fuels.
Posted: 27/03/2019
BP today announced that it has established a $100m fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations.
Posted: 26/03/2019
Lloyd’s of London plans to address concerns over workplace culture at the insurance market following reports of sexual harassment and bullying. Claims by 18 women featured in a Bloomberg Businessweek article last week included descriptions of an atmosphere of “near-persistent harassment”.
Posted: 26/03/2019
The 2020 New York Declaration on Forests deadline is only a year away, but not one of the companies and financial institutions assessed in the Forest 500 ranking is set to meet this goal.
Posted: 26/03/2019