Archive News

Rolls-Royce Plc and Daimler Truck AG have announced plans to develop stationary fuel-cell generators as CO2-neutral emergency power generators for safety-critical facilities, such as datacentres. The collaboration promises emission-free alternatives to diesel engines.
Posted: 26/05/20
CDP has revealed a 24 per cent jump in the number of companies working with CDP and asking their suppliers to report environmental data.
Posted: 22/05/2020
Battery maker AMTE Power and startup Britishvolt have signed a MoU for a battery ‘Giga Factory’, the UK’s first full cycle battery cell ‘GigaPlant’, servicing the automotive and energy storage markets. The successful outcome of the collaboration would enable scalable production of a diverse product portfolio of lithium ion batteries, and could involve up to £4bn of investment.
Posted: 22/05/2020
HSBC Global Asset Management and IFC have announced the third closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), which has raised $474m of new financing to support climate mitigation investments across emerging markets in spite of prevailing market turmoil.
Posted: 22/05/2020
Reuters has reported that it has seen a draft of the EU’s plan for a green economic recovery, targeting building renovation, renewable energy and clean hydrogen fuel.
Posted: 21/05/2020
The Danish Finance Ministry has released plans an artificial ‘energy islands’ in the North Sea as a part of its Climate Action Plan.
Posted: 21/04/2020
Renewable hydrogen has a key role to play in the UK’s successful transition from fossil fuels to renewables, alongside a huge expansion of wind energy and other clean power sources, according to a new report published today by RenewableUK.
Posted: 21/05/2020
Dixons Carphone is working in partnership with Age UK to prevent vulnerable older people feeling lonely and isolated during the pandemic.
Posted: 21/05/2020
As a result of a number of potential concerns that had been identified by internal colleagues, Tesco has discovered several breaches of the anti-slavery policy within its supply chain.
Posted: 21/05/2020
Vattenfall has signed an agreement with Brent Cross South developer Argent Related to provide low carbon heating to homes, shops, and other businesses in the redevelopment scheme in Barnet, north London.
Posted: 20/05/2020
Microplastics, very small pieces of plastic that pollute the oceans, may be many times more prevalent than previously thought, according to a study, led by Plymouth Marine Laboratory.
Posted: 20/05/2020
JPMorgan Chase CEO Jamie Dimon has acknowledged that the impact of COVID-19 will herald significant change to the economy and society, calling it a “wake-up call” for governments and business to build a fairer economy.
Posted: 20/05/2020
EY’s Renewable Energy Country Attractiveness Index (RECAI) has placed the UK in the sixth spot for renewable energy, a rise of one place since the last biannual report.
Posted: 19/05/2020
The John Lewis Partnership has today announced that it will donate a further £1.4m to around 3,000 local charities who are helping those most in need during the pandemic. This brings the total amount of support given by the Partnership to local communities such as food banks, those supporting the elderly, homeless and those most at risk from coronavirus , to over £2.7m
Posted: 18/05/2020
The European Parliament today called for a €2tr recovery fund for the EU, financed by recovery bonds and invested giving priority to the EU Green Deal.
Posted: 18/05/2020
Legal & General has been selected by UK Research and Innovation (UKRI) to deploy £6m of grant funding to early stage companies that are making a difference in the healthy ageing market.
Posted: 18/05/2020
The Government has revealed its vision for a rapid charge network for EVs to meet future en route charging needs along motorways and major A roads.
Posted: 18/05/2020
The newly launched Flexibility in Great Britain project will conduct in-depth analysis based on modelling, research and stakeholder interviews to investigate how different sources of flexibility across the heat, transport and power sectors can reduce overall system costs to consumers and lead to net-zero.
Posted: 15/05/2020
The world’s largest asset managers are paying “lip service” to preventing human rights abuses according to Share Action.
Posted: 15/05/2020
BankTrack has published its annual report, with director Johan Frijns describing 2019 as “a string of missed chances for the global banking sector”.
Posted: 15/05/2020
The Financial Times reports that BP CFO Brian Gilvary has called for countries to act rapidly to prevent global temperature rises despite the financial problems of the coronavirus pandemic.
Posted: 15/05/2020
Deutsche Bank has for the first time published quantifiable ESG targets. By the end of 2025, the bank will increase its volume of ESG financing plus its portfolio of sustainable investments under management to over €200bn.
Posted: 14/05/2020
Over one million people and 100 environmental NGOs across Europe are calling on the EU to restart its economy by launching a truly green investment plan. On 5 May, MEPs will decide what they want in the EU’s Recovery Fund and seven-year budget ahead of the EC’s proposal next week.
Posted: 14/05/2020
Storage and information management company Iron Mountain has published its seventh annual CSR report, showing that it has managed to cut greenhouse gas (GHG) emissions by 52 per cent (since 2016 baseline), surpassing original science-based target of 25 per cent reduction by 2025.
Posted: 15/05/2020
Mondi, the global packaging and paper group with €846m in turnover, has entered into a collaboration with the Danish Institute for Human Rights (DIHR) to review and advise on Mondi’s due dilligence process on human rights.
Posted: 14/05/2020
BNP Paribas will phase-out coal-fired power sector from its investments, with Reclaim Finance, BankTrack and Friends of the Earth France praising the new policy whilst also pointing to a missed opportunity to commit to a full coal phase-out and to adopt measures to push all companies in its portfolios to close their coal infrastructure.
Posted: 13/05/2020
Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have today announced plans to build a new operations and maintenance (O&M) base at the Port of Tyne.
Posted: 13/05/2020
Alternative Investment Partners Private Markets (AIP Private Markets), part of Morgan Stanley Investment Management, will build upon its $800m impact investing platform by closing on a fund which will focus on climate solutions.
Posted: 13/05/2020
Carmaker Škoda, part of the VW Group, has recycled all waste produced during manufacturing and usually disposed of in landfills, either materially or thermally since the beginning of the year.
Posted: 13/05/2020
The ambitions of European oil and gas majors have gained much praise, with Total, Shell, BP, Repsol and Eni all stating they will significantly reduce the carbon intensity of the energy they supply. However not all ambitions are equal, and some will fall short in their approaches unless action is taken.
Posted: 12/05/2020
A new report by Mondelēz International highlights Cocoa Life’s 2019 progress towards achieving its 2025 goals.
Posted: 12/05/2020
Trans Mountain is pressing ahead with plans to expand its pipeline connecting tar sands in Alberta to the Pacific coast outside Vancouver, adding an extra 590,000 barrels a day of capacity and increasing daily flow to nearly one million barrels.
Posted: 12/05/2020
Extending the period of coal-free energy, Britain has managed a whole month without coal.
Posted: 12/05/2020
The Rockefeller fortune may be founded on oil, but is heirs have decided to eradicate the black gold from its investments.
Posted: 12/05/2020
Alan Jope, CEO of Unilever, underlined the company’s commitment to making sustainable living commonplace for 8 billion people, whilst marking a decade of the Unilever Sustainable Living Plan (USLP), and called for collective action to ensure that the crises of social inequality and climate are not neglected in the wake of Covid-19.
Posted: 11/05/2020
Areas of the planet that are currently home to one-third of humans will become as hot as the hottest parts of the Sahara within 50 years unless greenhouse gas emissions fall.
Posted: 11/05/2020
The CEOs of major businesses, environmental organisations and youth organisations are urging the Government to ensure a green recovery for healthy communities and a resilient economy.
Posted: 11/05/2020
Total is set to achieve net-zero emissions by 2050 as the outcome of collaborative investor engagement with the company through Climate Action 100+, an investor initiative launched in 2017 to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.
Posted: 06/05/2020
The Green Recovery. Reboot and Reboost Our Economies for a Sustainable Future alliance, promoted by the chair of the European Parliament Committee on the Environment, Pascal Canfin, has now reached 50 chairmen or CEOs of large European multinational companies with the addition of Grupo Español de Crecimiento Verde (Spanish Group for Green Growth), of which Spainsh bank BBVA is a member.
Posted: 06/05/2020
In a first, renewables generated more electricity than coal on every day in April in the US, new data from the US Energy Information Administration (EIA) reveals.
Posted: 06/05/2020
Sky Media, the advertising sales arm of Sky has launched a scheme, SME100 to help the UK’s SMEs during the current crisis by donating £1m worth of TV advertising campaigns to 100 businesses.
Posted: 06/05/2020
The Australian Government has established funding to support hydrogen-powered projects. The Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC).
Posted: 06/05/2020
The decision by EU regulators to exclude oil and gas from its definition of fossil fuels in draft legislation has met with some disbelief and criticism.
Posted: 05/05/2020
The Spanish government has submitted its 2030 National Energy and Climate Plan (NECP), raising its ambitions for emission reductions of 23 per cent compared to 1990 level.
Posted: 05/05/2020
Australian bank Westpac Banking Corporation has released its Climate Change Action Plan Update, committing the bank to removing thermal coal mining by 2030 and an emissions-intensity target set for the bank’s power generation lending that would likely exclude new coal while making it almost impossible to finance new gas power plants.
Posted: 05/05/2020
Tesla is tentatively considering the UK energy market, lodging an application with Ofgem for an electricity generation licence and allowing the company to “supply to any premises or enabling a supply to be so given” within Great Britain, the territorial sea adjacent to Great Britain or in a Renewable Energy Zone.
Posted: 05/05/2020
Two major UK institutions have confirmed they will support two shareholder proposals calling on Barclays to align its provision of finance with the goals of the Paris Agreement.
Posted: 04/05/2020
Allianz has updated its coal insurance restrictions with a new policy. In addition to the previous exclusion of insurance for coal projects (specifically new coal-fired power plants and mines), Allianz will now no longer offer property and casualty insurance for companies whose business model is largely based on coal and which do not have a clear coal exit path from 2023.
Posted: 04/05/2020
Mutual insurer Royal London Group has joined the International Corporate Governance Network (ICGN) as part of its commitment to promote and support high standards of corporate governance.
Posted: 04/05/2020
A range of international NGOs supporting Unfriend Coal have asked global insurers to champion a green and fair recovery from the COVID-19 crisis, stating that as professional risk managers they should have a unique understanding of global threats.
Posted: 01/05/2020
Vattenfall has secured the right to capture heat from the Cory Riverside Energy’s waste facility at Belvedere, and develop a heat network that could supply 10,500 local homes in London, rather than heat them with conventional gas or electric energy.
Posted: 01/05/2020
In order to help end the spread of the coronavirus Canon has joined the COVID-19 Countermeasure Declaration as a founding member. According to this declaration, members pledge not to enforce intellectual property rights against development, manufacturing and other activities whose purpose is stopping the spread of COVID-19.
Posted: 01/05/2020
The International Energy Agency (IEA) has predicted that the current pandemic represents the biggest shock to the global energy system since the Second World War, and will result in a record annual decline in carbon emissions of almost 8 per cent.
Posted: 30/04/2020
As well as divesting its endowment from fossil fuel companies, Oxford University has also asked its endowment office, Oxford University Endowment Management (OUem) to engage with fund managers to request evidence of net-zero carbon business plans across their portfolios.
Posted: 30/04/2020
Airlines are currently seeking €26bn in bailouts according to tracking from by Greenpeace, Carbon Market Watch and Transport and Environment (T&E). Governments have so far agreed €11.5bn in financial aid and a further €14.6bn is under discussion, but none of this aid comes with binding environmental conditions.
Posted: 30/04/2020
Camden Town Brewery has rebranded one of its best-selling drinks to help UK’s healthcare heroes.
Posted: 30/04/2020
The majority of European banks’ strategies are either misaligned with the goals of the Paris Agreement, or non-existent according to ShareAction.
Posted: 29/04/2020
Nestlé UK has signed a 15-year corporate power purchase agreement (PPA) to buy the output from Ørsted's Race Bank Offshore Wind Farm.
Posted: 29/04/2020
Coal has not contributed to the UK’s energy mix for the last 18 consecutive days, representing the longest non-coal period since 1882.
Posted: 28/04/2020
New York City Comptroller Scott Stringer has called on AIG, Berkshire Hathaway and Liberty Mutual to divest and cease underwriting coal related businesses.
Posted: 28/04/2020
Vattenfall has entered a partnership with Greencoat UK Wind, who will acquire the wind farm following its completion. Located 5km to the east of Dalmellington and between East Ayrshire and Dumfries and Galloway, South Kyle will be Vattenfall’s largest onshore wind farm in the UK.
Posted: 27/04/2020
Some of EU’s biggest environmental groups are calling on governments and the EU to prepare an unprecedented ‘green and just’ economic recovery plan financed by the bloc’s budget, the European Stability Mechanism and possibly even Eurobonds
Posted: 23/04/2020
Oxford City Council has taken delivery of the first EVs that form a part of Pivot Power’s battery energy storage system with 8km of private wire network directly linked to the transmission network, delivering up to 25MW of power across Oxford for mass-scale, electric vehicle charging.
Posted: 23/04/2020
Refinitiv is set to take a series of sustainability steps to help combat climate change in addition to its previous commitment to three core pledges on environment, social impact and sustainable solutions that support the UNSDGs.
Posted: 23/04/2020
Cobalt, copper, lithium, cadmium, and other rare earth elements needed for solar photovoltaics, batteries, electric vehicle (EV) motors, wind turbines, fuel cells, and nuclear reactors will see demand grow at a rapid pace in the upcoming years.
Posted: 23/04/2020
Evian, the Danone brand of spring water, has been globally certified as carbon neutral by the Carbon Trust.
Posted: 22/04/2020
Zouk Capital, manager of the UK Treasury’s Charging Infrastructure Investment Fund (CIIF), today announced the fund’s £80m second close. The second close was anchored from the private sector by Church Commissioners for England (which manages £8.3bn), with funding matched by HM Treasury. The fund now has a total of £150m deployable capital (£275m in signed commitments against a target of £400m), following the first close announced at launch in September 2019.
Posted: 22/04/2020
The Gas Goes Green programme has been announced by the Energy Networks Association (ENA), the new collaboration between the UK’s five gas network operators has been created to meet the challenges and opportunities of climate change, delivering net-zero in the most cost effective and least disruptive way possible.
Posted: 22/04/2020
Blackrock has launched a fund that will invest at least 80 per cent of its total assets in equity securities and equity-related securities of companies globally whose goods and services address the world’s social and environmental problems.
Posted: 22/04/2020
The International Renewable Energy Agency (IRENA) has released its first vision of how a more sustainable future can be engineered, showing that decarbonisation of the energy system supports short-term recovery while creating resilient and inclusive economies and societies.
Posted: 22/04/2020
The Fashion Transparency Index 2020 has been revealed, showing that across the 250 brands and retailers measured the world’s biggest brands have a long way to go towards transparency.
Posted: 22/04/2020
S&P Dow Jones Indices has launched its Eurozone LargeMidCap Paris- Aligned Climate Index and S&P Eurozone LargeMidCap Climate Transition Index.
Posted: 22/04/2020
O2 has announced it has become a partner of The Big Night In Appeal, a joint initiative and event which will see the BBC’s biggest charitable partners, BBC Children in Need and Comic Relief, come together for the first time to help raise money to provide essential support to local charities, projects and programmes across the UK to help those most in need.
Posted: 22/04/2020
Primark has announced that it will commit to pay for £370m of additional orders for product over and above the £1.5bn of stock in stores, depots and in transit. This means it will now take all products that was both in production and finished, and planned for handover by 17 April.
Posted: 21/04/2020
Consumers can now give to their chosen charity by converting their loyalty points and rewards into a digital monetary donation. Following a successful pilot, technology company For Good Causes has released the scheme with additional brands.
Posted: 21/04/2020
Asset managers, pension funds and insurers have formed a group calling for international co-operation within the pharmaceutical industry to combat coronavirus.
Posted: 21/04/2020
Daimler Truck AG and the Volvo Group have signed an agreement to establish a new joint venture to develop and produce fuel cell systems.
Posted: 21/04/2020
Triodos Bank UK has received the Queen’s Award for Enterprise in the Sustainable Development category.
Posted: 21/04/2020
VentilatorChallengeUK (VCUK) the consortium building medical ventilators for the UK; including companies such as Unilever, Rolls Royce, Mercedes F1, McLaren, BAE Systems, Airbus and Accenture; has confirmed that its has secured MHRA approval for the Penlon Prima ESO2 device which has been undergoing testing and clinical trials.
Posted: 20/04/2020
Transport and Environment (T&E) has developed a tool that compares CO2 emissions linked to the use of an electric, diesel or petrol car, and takes a holistic account of all possible criteria such as the amount of CO2 emitted when electricity is produced or fuel is burnt, as well as the carbon impact of resource extraction for batteries or of building a power plant.
Posted: 20/04/2020
BP has joined universities, technology companies and the US government by providing access to its supercomputer to help researchers halt the spread of COVID-19.
Posted: 17/04/2020
Shell has announced that it plans to be a net-zero emissions energy business by 2050 (covering scope one, two and three emissions).
Posted: 17/04/2020
Committee on Climate Change (CCC) chief executive, Chris Stark, has announced that the organisation will refocus its annual Progress Report to Parliament in June to include advice on supporting a resilient recovery following the pandemic, alongside the statutory assessment of the UK’s progress in reducing emissions.
Posted: 16/04/2020
Honda Motor Europe is expanding its battery recycling partnership with SNAM (Société Nouvelle d’Affinage des Métaux) to advance the usability of its end-of-life traction batteries.
Posted: 16/04/2020
The new generation of offshore wind projects could have a far wider set of suppliers if procurement procedures are change, Swedish provider Vattenfall has said.
Posted: 16/04/2020
A new initiative from Lloyds Banking Group and We Are Digital will provide a specialist phone line to help up to 20,000 customers access the internet during the pandemic.
Posted: 15/04/2020
Swiss Re Group, via its non-profit Swiss Re Foundation, is donating $5m to pandemic relief efforts, with the funds distributed to organisations tackling the crisis, particularly in developing countries.
Posted: 15/04/2020
AXA UK is donating £1m to Business in the Community (BITC) marking the start of the partnership between the insurer and Business in the Community.
Posted: 14/04/2020
BlackRock has been selected by the EC for the Development of Tools and Mechanisms for the Integration of ESG Factors into the EU Banking Prudential Framework and into Banks' Business Strategies and Investment Policies contract.
Posted: 14/04/2020
Co-op CEO Steve Murrells is directing his own personal income to kick-start a Co-op Members Fund, which will be channelled into foodbanks, a funeral hardship fund and front-line community causes.
Posted: 14/04/2020
Aviva has pledged £5m to NHS Charities Together, the national umbrella organisation for hundreds of NHS charities across the country, and a donation of £10m to the British Red Cross as part of a package of measures aimed at supporting customers and their communities during the Covid-19 crisis.
Posted: 14/04/2020
Community Platform Neighbourly and retailers including M&S, Lidl and Aldi are leveraging their existing local grass roots charity networks to get more support to redistribute food to people in need as quickly as possible.
Posted: 14/04/2020
Paribas’ UK arm has today pledged £500,000 in philanthropic support to the London-based NHS Imperial Health Charity’s COVID-19 Relief Fund. The money will help London hospitals handle the extraordinary pressures triggered by the coronavirus pandemic.
Posted: 14/04/2020
easyStorage, the mobile storage business created by Sir Stelios Haji-Ioannou, has teamed up with Fresh Food for the Frontline and St Barnabas Church Charity to deliver fresh food boxes to critical care NHS staff as well as vulnerable individuals to support their fresh food supply throughout the coronavirus crisis.
Posted: 14/04/2020
The European Fund and Asset Management Association (EFAMA) has called for a balanced transition from the 2018 Sustainable Finance Action Plan at the launch of the consultation of the EU’s Renewed Sustainable Finance Strategy.
Posted: 09/04/2020
Ben van Beurden, CEO of Shell, has outlined his vision for Shell in the introduction to its annual sustainability report, placing the term ‘responsibility’ at its heart.
Posted: 09/04/2020
Macquarie Group today announced that it has allocated $12m ($A20m) to the Macquarie Group Foundation so it can make donations to organisations working to combat COVID-19 and provide relief. The fund will focus on recipients addressing areas of immediate and medium-term need in Australia and across the regions in which Macquarie operates.
Posted: 09/04/2020
Bernard Looney, the CEO of BP, has declared the coronavirus crisis as showing that it is no longer acceptable for companies to focus solely on maximising profits.
Posted: 08/04/2020
Bic, Cargill, and deSter, have joined the CE100 Network’s pre-competitive space where they will contribute towards the transition to a circular economy through this unique multi-stakeholder platform.
Posted: 08/04/2020
Ten major tech companies have pledged to donate $1.4bn to help contain the Coronavirus. An analysis from Learnbonds.com places Google at the top of the list with about $800m that will be used to support businesses, organisations and healthcare workers as part of its coronavirus response that also includes free advertising on its various platforms.
Posted: 08/04/2020
The Investment Association (IA), on behalf of the UK’s investment management industry, has written to chairs of all FTSE 350 companies, expressing the industry’s commitment to supporting British business during the COVID-19 pandemic.
Posted: 08/04/2020
As the world contemplates strategies after reopening, China and other nations might be trapped into uneconomic and climate unfriendly coal power for decades as the attempt to rapidly build capacity to stimulate their economies, Carbon Tracker warns in a new report today.
Posted: 08/04/2020
Based on preliminary like-for-like EC data examined by Refinitiv, Reuters has reported that greenhouse gas emissions in Europe’s carbon market fell by 8.7 per cent last year.
Posted: 07/04/2020
The Hymans Robertson Foundation has launched a fund to help charities during the COVID-19 crisis. Open to applications from the 50 charities which are already funded and supported by the Foundation, charities will be encouraged to complete a short application for individual grants between £500 and £5,000 and the Foundation will meet weekly to make funding decisions.
Posted: 07/04/2020
The International Energy Agency (IEA) has published a commentary on the how the energy sector has not only directly contributed to climate change but also helped create a potential future water shortage.
Posted: 06/04/2020
Schroders has written an open letter to UK companies showing our support during this unprecedented period, when the very raison d’etre of the stock market will be tested.
Posted: 03/04/2020
Velocys has been planning to build a large-scale low-carbon jet fuel plant at Immingham on the Humber Estuary, but has met with resistance Natural England after the governmental organisation filed an objection to the development.
Posted: 03/04/2020
Penguin Random House UK is distributing free books to communities most affected by the coronavirus crisis, helping provide mental stimulation, company and comfort during the current COVID-19 crisis.
Posted: 03/04/2020
How leading businesses respond to the coronavirus challenge through their partnerships with NGOs, represents a moment of truth for stakeholder capitalism – according to senior professionals from diverse parts of the business and NGO sectors.
Posted: 03/04/2020
Five innovations have been chosen for funding from H&M’s 2020 Global Change Award, with the ideas spanning lab-grown cotton to tracking sustainable fibres by using blockchain technology.
Posted: 02/04/2020
According to research undertaken by HSBC the shares of companies focused on climate change or ESG issues have continued to outperform ‘traditional’ stocks, even during the current pandemic. However, despite the shares in ESG-aware companies outperforming there are some big regional differences.
Posted: 02/04/2020
The Government, representatives of the COP Bureau of the UNFCCC (United Nations Framework Convention on Climate Change) and Italian partners have taken the decision to postpone COP26. The event should now take place in 2021, still hosted in Glasgow.
Posted: 02/04/2020
A New report points a finger at Coca-Cola, Nestlé, PepsiCo and Unilever as being jointly responsible for half a million tonnes of plastic pollution burnt or dumped per year in six developing countries.
Posted: 01/04/2020
Fiddler’s Ferry Power Station in Warrington, Cheshire has closed following nearly 50 years of generation. The closure of the coal-fired power station, which became fully operational in 1973, was announced by SSE in June 2019.
Posted: 01/04/2020
Several major UK banks will stop dividends in order to shore up their balances during the crisis with NatWest, Santander and Barclays, amongst others, following advice from the Bank of England to suspend dividend payments.
Posted: 01/04/2020
Businesses around the UK including Konica Minolta Business Solutions, BP, Everton Football Club, National Grid, DLA Piper, Severn Trent Water, Emerald Group and Experian have joined a scheme to aid the most vulnerable citizens during the coronavirus crisis.
Posted: 31/03/2020
The EU’s outline plans for economic recovery following the COVID-19 outbreak will take into account green policies.
Posted: 31/03/2020
BloombergNEF is predicting that hydrogen could be cost-competitive fossil fuels by 2050 if governments proceed with escalating cost of carbon pollution.
Posted: 31/03/2020
Barclays has stated its ambition to become a net-zero bank, covering its scope 1, 2 and 3 emissions by 2050. The announcement follows pressure from investors, including co-filers of a shareholder resolution organised by ShareAction.
Posted: 30/03/2020
Supermarket chains Co-op and Morrisons are distributing food to food banks during the coronavirus outbreak. Morrisons owns its own food production and supply chain, and as the UK’s largest fresh food manufacturer is in a prime position to help food banks that have been struggling to meet demand.
Posted: 30/03/2020
Much has been made of the future of transport being electric, either with battery electric vehicles (BEVs) or from hydrogen fuel cells. However Mazda has been pursuing a slight different route and is currently involved in joint research projects and studies to promote the widespread adoption of biofuels from microalgae growth.
Posted: 30/03/2020
The Better Society Awards have been moved to 2 December. The organisers need to be mindful of the fast changing situation in the UK and globally, and after consideration of the various options, the decision has been made to hold the Awards in person but later in the year with the same level of excitement and sense of anticipation. So please make a date in your diary and join the celebrations of all that is good on 2 December.
Posted: 30/03/2020
The newly launched Water Resilience Coalition is bringing together major global companies to help preserve freshwater resources. Led by the CEO Water Mandate, an initiative of the UN’s Global Compact, members commit to making a positive impact in water stressed basins, to develop and implement resilient practices across their industry, and to provide leadership and advocacy in the field of water resilience.
Posted: 27/03/2020
New annual figures, published by the Department for Business, Energy and Industrial Strategy (BEIS) in its quarterly Energy Trends report, show that renewables generated 36.9 per cent of the UK’s electricity in 2019, a new record for the energy mix.
Posted: 26/03/2020
In the US, the SEC (Securities and Exchange Commission) has granted requests by oil supermajors Chevron and Exxon Mobil to reject a shareholder proposals demanding a report on how the companies are aligning to climate change goals. In a separate ruling, the SEC also allowed Chevron to avoid the question of whether it intends to align with the Paris goal at all.
Posted: 26/03/2020
A report from the Grantham Research Institute at the LSE shows that actions that insurers can take to support their clients in a low-carbon transition. Although the sector faces challenges, the transition to a low-carbon economy offers significant opportunities for insurers to help manage new risks and support investment in expanding low-carbon sectors.
Posted: 25/03/2020
Water availability is under threat globally, as the report from the National Audit Office makes clear, and the sustainability non-profit organisation Ceres has responded by launching a major effort to catalyse influential capital market leaders to address the financial risks of the water crisis, and call on companies to take action.
Posted: 25/03/2020
A three-year deal worth up to £50m has been signed between Ørsted and Good Energy for offshore wind power. The renewed a deal with the Danish offshore wind energy company will see 12 per cent of the output of Ørsted’s Westermost Rough Wind Farm, located five miles off the Yorkshire coast, supplying Good Energy.
Posted: 25/03/2020
The National Audit Office (NAO) has released a report that warns that the UK could be facing water shortages within two decades.
Posted: 25/03/2020
UK-based Penso Power has secured land rights, planning permission and a grid connection offer to extend its 100MW Minety project by a further 50MW.
Posted: 25/03/2020
Despite the need to generate electricity from a still mixed set of sources, electric cars seldom increase carbon emissions and usually help reduce them, a new research report claims.
Posted: 24/03/2020
Pensions Age is reporting that the £733m Parliamentary Contributory Pension Fund (PCPF) is attempting to ramp up its renewable investments and reduce more fossil fuel exposure.
Posted: 24/03/2020
The City of London Corporation is calling on City firms to donate funding in response to the COVID-19 pandemic through the London Communities Response Fund, which it is supporting through its charitable funder, City Bridge Trust.
Posted: 23/03/2020
The European market for energy storage is slowing, and this was before COVID-19. The figures were revealed in the European Association for Storage of Energy (EASE) and consultants Delta-EE in their fourth edition of the European Market Monitor on Energy Storage (EMMES).
Posted: 23/03/2020
Aviva Investors, Nordea, New York State Common Retirement Fund, Vermont Pension Investment Committee, APG Asset Management and Swedish National Pension Funds have signed a letter from 176 international investors representing over $4.5tr in assets under management demanding action on human rights from major companies by June 2020
Posted: 23/03/2020
The Transition Pathway Initiative (TPI) annual review has found little evidence of corporate climate progress with more than 80 per cent of the highest-emitting listed companies remaining off track for to deliver a lower than 2C temperature increase.
Posted: 20/03/2020
M&S, Lidl, Aldi, Danone and Coca-Cola European Partners have committed a combined total of £500,000 in a partnership with Neighbourly to create the Neighbourly Community Fund, funnelling vital funds directly to community organisations helping those most at risk during coronavirus crisis.
Posted: 20/03/2020
BBC News has reported that there have been “significant drops” in levels of air pollution and CO2 where the coronavirus pandemic response has affected work and travel.
Posted: 19/03/2020
A new pipeline and supply network will begin to provide hydrogen to industrial companies in Lower Saxony and North Rhine-Westphalia from late 2022 onwards.
Posted: 19/03/2020
Volvo Cars has significantly cut its logistics emissions by switching transport between its manufacturing plants and new car depots from road to rail.
Posted: 16/03/2020
The Motorway service area operator has broken its fundraising target with a total of £2.5m from two years of fundraising and a projected total of £4m within three years through an extended charity partnership with Cancer Research UK.
Posted: 16/03/2020
Business Secretary and COP26 President Alok Sharma has announced a £36.7m investment to design, test and manufacture electric machines.
Posted: 16/03/2020
The Chancellor of the Exchequer, Rishi Sunak, has announced an increase in the UK Export Finance's (UKEF) capacity for direct lending to £8bn, with £2bn allocated to support green projects.
Posted: 16/03/2020
Legal & General Investment Management (LGIM) has announced the launch of the UK’s first major ‘fossil fuel free’ fund, in partnership with PensionBee.
Posted: 16/03/2020
O2 suppliers and partners can now buy renewable energy direct from SSE Business Energy at a reduced rate as part of O2’s commitment to cut carbon emissions from its entire business and supply chain by 2025.
Posted: 16/03/2020
The EC’s Technical Expert Group (TEG) on sustainable finance has issued a final version of its report on the EU’s classification of green economic activities, or taxonomy, and a report on the EU Green Bond Standard.
Posted: 13/03/2020
The BEIS Energy Trends report has revealed that renewable electricity generation in the third quarter of 2019 was 28.8 TWh, an increase of 16 per cent on the 24.7 TWh in 2018 third quarter, with share of total electricity generation from renewables standing at 38.9 per cent, the highest recorded, and exceeding the share of generation from gas for the first time.
Posted: 13/03/2020
Coal developers risk wasting more than $600bn because it is already cheaper to generate electricity from new renewables than from new coal plants in all major markets, Carbon Tracker has warned.
Posted: 13/03/2020
The Transition Pathway Initiative (TPI) has welcomed Australian superannuation fund HESTA, with 860,000 and $55bn in assets, to organisation for assessing preparedness for the transition to a low carbon economy.
Posted: 13/03/2020
A new report from the REA has found that jobs in renewable energy and clean technology could increase by 85 per cent in 10 years.
Posted: 12/03/2020
The EC has presented its new Industrial Strategy that aims to aid the transition towards making the EU climate-neutral by 2050 and digital leadership.
Posted: 12/03/2020
The Budget allowed Chancellor Rishi Sunak to make several commitments to the environment, once the immediate issues of Coronavirus had been addressed.
Posted: 11/03/2020
Europe installed 15.4GW of new wind energy in 2019, the majority of this was onshore wind, and now has 205GW of wind energy accounting for 15 per cent of all electricity consumption.
Posted: 11/03/2020
Opus Energy is offering its business customers a fully renewable electricity tariff, targeting small and medium sized (SME) businesses.
Posted: 11/03/2020
Some of the world’s largest asset managers, together worth $36tr are neglecting the ecological and social harms of their investments, according to ShareAction.
Posted: 10/03/2020
Cadent, the gas distribution network, has agreed to issue the UK’s first transition bond, a 12-year €500m bond that will invest in the retrofit of gas distribution networks to facilitate the future use of hydrogen and other low-carbon gases and reduce methane leakage.
Posted: 10/03/2020
One in eight (13per cent) of new car registrations in Europe were EVs, with diesel and petrol car demand decreasing by 17 per cent and 12 per cent respectively.
Posted: 10/03/2020
The Church Investors Group (CIG), representing 70 members and £21bn in assets, has this week written to the leaders of FTSE 350 companies to inform them that it will be enhancing its scrutiny of corporates ESG aspects this AGM season.
Posted: 10/03/2020
Three charities are set to receive a share of £375,000 to roll out prevention programmes across London, following calls to prevent violence affecting young people by providing more support for children at risk of school exclusion.
Posted: 10/03/2020
A new report by Energy Systems Catapult (ESC) has found it is possible to reach net-zero by 2050 if the UK supports innovation and scale-up across three essential areas of low carbon technology, land use and lifestyle.
Posted: 10/03/2020
The UK public is now significantly more concerned by climate change that it was only a few years ago, according to UK Research and Innovation (UKRI) funded research, led by Cardiff University.
Posted: 09/03/2020
Water company Severn Trent (SVT)has announced several long-term commitments to a sustainable future for the business, investing £1.2bn to achieve this.
Posted: 06/03/2020
O2 has announced a target to cut carbon emissions from its business and network by 2025 and working with its supply chain to reduce their emissions by 30 per cent in the next five years.
Posted: 06/03/2020
The Financial Conduct Authority (FCA) has published proposals outlining new climate-related disclosure requirements for listed companies.
Posted: 06/03/2020
Tokio Marine has announced the acquisition of GCube with an expected completion during the first quarter of 2020.
Posted: 05/03/2020
MEV Automobiles, a Manchester-based company, is attempting to accelerate he growth of EVs by reducing one of the biggest barriers to adoption – the price.
Posted: 05/03/2020
Centrica and Volkswagen Group have agreed a three-year partnership to provide home charging hardware solutions for new EV owners.
Posted: 05/03/2020
Paris-based investment manager Ossiam has announced that the company’s four ESG exchange-traded funds (ETFs) now carry an official French socially responsible investment label following an audit by EY France.
Posted: 05/03/2020
Springfield Meadows, considered to be the UK’s most sustainable residential property development project, is to receive funding from Triodos Bank.
Posted: 05/03/2020
The Investment Association (IA) has outlined its expectations of companies on issues including climate change, executive pay, audit quality and diversity ahead of the ‘AGM season’.
Posted: 05/03/2020
Moody's Investors Service has released a paper that makes the case for insurers to remove coal from their activities, saying that such action reduces their exposure to potential climate change liability risk, and reduces the risk of their investment assets becoming stranded.
Posted: 04/03/2020
The Government is consulting on the introduction of E10, a lower carbon fuel mix that could see emissions reductions of CO2 from transport of 750,000 tonnes per year.
Posted: 04/03/2020
Africa’s largest green bond and South Africa’s first offshore green bond has been issued, with IFC investing $200m in the Standard Bank of South Africa’s bond placed on the London Stock Exchange.
Posted: 03/03/2020
The UK’s CO2 emissions fell by 2.9 per cent in 2019, according to Carbon Brief analysis, meaning that the the total reduction over the past decade was 29 per cent, even as the economy grew by a fifth.
Posted: 03/01/2020
The Government has announced that onshore wind projects will be allowed to compete for contracts to generate clean power as a solution to meeting the net-zero emissions target at the lowest cost for consumers.
Posted: 03/03/2020
Branches of Barclays Bank in the high street have been shut down by Greenpeace activists in protest against the bank’s continued support for fossil fuels.
Posted: 02/03/2020
M&S plans to extend the Fill Your Own trial to a second store in Manchester City Centre in March following the trial in mid-December at its Hedge End Retail Park store in Southampton – offering packaging-free essentials including popular cereals, pasta, rice, lentils, confectionery, coffee, dried fruits and nuts.
Posted: 02/03/2020
A new research programme will investigate the financial risks of climate and environmental change in mainstream financial decision making.
Posted: 02/03/2020
Sadiq Khan and Bill de Blasio issued a joint call for cities to divest their pension funds from fossil fuel assets.
Posted: 02/03/2020
National Express Group said that it will not buy another diesel bus for our UK operations and will now transition to zero emission coaches, with a target for the first electric coaches to be in service next year.
Posted: 28/02/2020
A half century of coal-fired electricity generation is expected to come to an end in March 2021, with Drax announcing that its power station in North Yorkshire will stop burning coal by the end next year, three years in advance of the UK’s deadline.
Posted: 28/02/2020
More than 80 stock exchanges in the global Ring the Bell for Gender Equality initiative will celebrate International Women’s Day 2020 (8 March) by hosting a bell ringing ceremony to raise awareness of the pivotal role the private sector can play in advancing the United Nations Sustainable Development Goal 5 on gender equality and women’s empowerment.
Posted: 28/02/2020
In a post for the LSE’s Grantham Research Institute, Alberto De Paoli, the chief financial officer of the energy company Enel Group has revealed that over the next three years the Enel Group will increase the percentage of sustainable financing sources to overall debt from 22 per cent to 43 per cent by the end of 2022 and 77 per cent by 2030.
Posted: 27/02/2020
Global packaging and paper manufacturer Mondi has announced new science-based targets as part of its commitment to support the global transition to a low-carbon economy.
Posted: 27/02/2020
The proposed third runway at Heathrow Airport now faces more time in the courts as the Court of Appeal has ruled that the previous Government's Heathrow's expansion decision was unlawful because it did not adequately take into account climate change commitments.
Posted: 27/02/2020
BP has announced that it will leave three US-based organisations – American Fuel and Petrochemical Manufacturers (AFPM), the Western States Petroleum Association (WSPA) and the Western Energy Alliance (WEA).
Posted: 26/02/2020
Pivot Power, a part of EDF Renewables, has placed an order with Finnish technology group Wärtsilä to deliver 100 MW of energy storage in the UK.
Posted: 26/02/2020
British Airways has a new target to remove more than 700 tonnes of single-use plastic on board its flights in 2020, amounting to more than a quarter of a billion individual items of plastic and equivalent to more than 30,000 suitcases full of single-use plastic – leaving the company’s PR department the opportunity of creating a giant plastic suitcase to illustrate the point.
Posted: 26/02/2020
The second largest mining operator in the world has released its annual results – and stated that it will spend $1bn over the next five years as it attempts to reach net-zero emissions by 2050.
Posted: 26/02/2020
A thousand delegates from more than 140 countries have started negotiations in Rome on the “zero” draft of a post-2020 global biodiversity framework and targets for nature to 2030. The new framework will be considered by the 196 Parties to the Convention on Biological Diversity (CBD) at the 2020 UN Biodiversity Conference (CBD COP15), Kunming, China, 15-28 October 2020.
Posted: 25/02/2020
UKSIF has announced that Simon Howard will be stepping down as the CEO of the organisation. Howard has held the position for the last seven years, and UKSIF’s nomination committee will now be initiating a search for a successor. Howard will remain CEO until the autumn, when the search process should be complete.
Posted: 25/02/2020
Nearly a thousand (882) European companies have report a total of €124bn in new low carbon capital investment and R&D in 2019, with current company investments expected to deliver at least 2.4Gt of lifetime emissions savings.
Posted: 25/02/2020
Jeff Bezos, founder of Amazon, has announced that he will be donating $10bn to a new non-profit organisation called, somewhat modesty, the Jeff Bezos Earth Fund to help protect the environment from climate change.
Posted: 24/02/2020
None of the current top ten largest public US companies have made it to the top 40 list of the most sustainable companies ranked by Calvert Research and Management.
Posted: 24/02/2020
Luxury goods maker Burberry has created a Regeneration Fund to support future carbon insetting projects in its global supply chain, starting with wool producers in Australia.
Posted: 24/02/2020
Nearly half of the world’s GDP is now generated in places where authorities and regulators have set or are proposing to set a target for net-zero emissions in or before 2050.
Posted: 24/02/2020
Alison Rose, the new CEO of the Royal Bank of Scotland, has announced that awareness of climate change will now inform the bank’s decisions.
Posted: 24/02/2020
A total of £21m has been awarded awarded to ten smart energy projects across UK to trial new technology which could become a blueprint for greener localised energy generation.
Posted: 24/02/2020
Shell has entered an agreement with a Chinese-backed energy battery in Wiltshire. Claiming to the largest such device in Europe, the 100MW battery near the village of Minety will provide back-up electricity to the National Grid, smoothing flow by storing energy at low demand and adding at peak.
Posted: 24/02/2020
The off-grid solar industry is now a $1.75bn annual market a new World Bank Group and GOGLA, the global association for the off-grid solar energy industry, report shows.
Posted: 24/02/2020
A quarter of the FTSE All Share companies faced shareholder wrath in 2019, with executive pay and director re-election continuing topping the list of concerns.
Posted: 24/02/2020
NHS Property Services has entered into a green energy contract with Inspired Energy whereby British Gas Business will provide 100 per cent renewable electricity to all its properties across England by this April, and in so doing reducing CO2 by over 40,000 tonnes a year.
Posted: 21/02/2020
BAE Systems is offering 16 to 18 year olds the opportunity to get real-world experience as an engineer and first-hand experience of their cutting-edge aerospace and defence projects.
Posted: 20/02/2020
Unilever and JD Logistics have joined forces to drive a number of sustainable business initiatives in the supply chain. As part of the agreement, Unilever will be working closely with the Chinese retailer and its supply chain and logistics arm, JD Logistics, to explore opportunities to digitise and modernise the 'Unilever-JD ecosystem' -- from plastic recycling and collection to 5G delivery solutions and less carbon-intense transportation.
Posted: 17/02/2020
A new study from Cambridge University explores the steps banks may be able to take to address the “challenge of our time”, or the transition to a low carbon economy. This extensive study highlights the need for banks to develop an "active mindset" to help accelerate the shift.
Posted: 18/02/2020
BlackRock has made a charitable contribution of 15.6 million shares of PennyMac Financial Services, with a market value of $589m, to fund the firm’s social impact efforts to advance a more inclusive and sustainable economy.
Posted: 14/02/2020
The Task Force on Climate-related Financial Disclosures (TCFD) has announced that it has officially reached more than 1,000 supporters globally.
Posted: 14/02/2020
EDF have acquired a majority stake in Pod Point, as part of a newly formed joint venture with Legal & General Capital who will take a 23 per cent stake in the venture.
Posted: 14/02/2020
New Secretary of State for Business, Energy and Industrial Strategy Alok Sharma will now chair COP26 in November.
Posted: 14/02/2020
RenewableUK has appointed the former MP for Great Grimsby Melanie Onn as the organisation’s new deputy chief executive.
Posted: 13/02/2020
Epworth are to launch a new sustainable fund in May, aimed at UK registered charities.
Posted: 12/02/2020
BP, under its new CEO Bernard Looney has announce that it will become net-zero by 2050 or ‘sooner’.
Posted: 12/02/2020
The UK’s first post-subsidy community solar farm, Creacombe Solar Farm near Yealmpton, South Devon, has now been connected to the National Grid
Posted: 11/02/2020
Despite widespread expectations of an increase, energy-related carbon dioxide emissions stopped growing in 2019, according to IEA data.
Posted: 11/02/2020
BloombergNEF (BNEF) has monitored investment across Africa in 2018, reporting that $2.8n was spent on renewables projects in sub-Saharan Africa (excluding South Africa) a new regional record and $600m more than the previous year.
Posted: 10/02/2020
LEGO has announced that it will be stopping the use of virgin plastics in the production of its blocks by 2030, and instead use plant-based materials.
Posted: 10/02/2020
Great Portland Estates (GPE) has signed an innovative £450m ESG-linked unsecured revolving credit facility.
Posted: 07/02/2020
In January, as reported here, Lloyds Banking Group announced that it would aim to reduce carbon emissions and would announce products and services in 2020 to support its own footprint reduction and that of its customers.
Posted: 07/02/2020
Research carried out by ING considers the circular economy from the consumer’s perspective, a companion piece of research to earlier surveys of US firms, and reveals a movement against unsustainable brands.
Posted: 07/02/2020
ING has seen 60 sustainability improvement loans and green loans supported in 2019, on top of 62 social sustainability bonds, a total increase of 119 per cent from 2018.
Posted: 07/02/2020
Konica Minolta has been declared one of the Global 100 Most Sustainable Corporations by Canada-based Corporate Knights.
Posted: 07/02/2020
Sandbag and Agora Energiewende, self-described ‘think tanks’ have launched a sixth annual report on European energy trends, showing the rapid decarbonisation of the energy sector.
Posted: 06/02/2020
IRN-BRU maker AG Barr is to use fossil-free electricity to power its operations across the UK following a deal with Vattenfall.
Posted: 06/02/2020
Pension scheme trustees are currently failing in their duty according to the UK Sustainable Investment and Finance Association (UKSIF) following the 2019 change whereby trustees must publish their approach to protecting people’s pension savings from the financial risks of climate change and ESG issues.
Posted: 06/02/2020
The country’s largest housebuilder, Barratt Developments, has today become the first housebuilder to announce new science-based targets for reducing carbon emissions.
Posted: 05/02/2020
TalkTalk has partnered with charity Ambitious about Autism to launch Employ Autism in the North West.
Posted: 05/02/2020
Carlsberg Group has signed an agreement to purchase 20 D Wide Z.E. electric vehicles from Renault Trucks. The fully electric 26-tonne trucks, which will be delivered in 2020, will be operated by the Feldschlösschen brewery, the Group's Swiss subsidiary.
Posted: 05/02/2020
North London Waste Authority (NLWA), in partnership with the seven north London boroughs, is launching a Low Plastic Zone.
Posted: 05/02/2020
The Equator Principles Association (EPA) and the International Finance Corporation (IFC) have announced they are officially joining efforts to help strengthen the capacity of financial institutions to manage environmental and social risk under the IFC’s Performance Standards - a comprehensive and practical approach to managing risks in emerging markets.
Posted: 05/02/2020
The UK Advertising Standards Authority has ruled Ryanair’s claims to be green as misleading.
Posted: 05/02/2020
EY has announced plans to be carbon neutral by the end of 2020, by both reducing and offsetting its carbon emissions.
Posted: 04/01/2020
The UK Sustainable Aviation (SA) coalition has committed to achieve net-zero carbon emissions by 2050, officially revealing the pledge at an event with Transport Secretary Grant Shapps.
Posted: 04/01/2020
Petrol and diesel cars will no longer be sold in the UK after 2035, bringing forward the proposed ban by five years.
Posted: 04/01/2020
Cliff Prior, the chief executive of Big Society Capital, has announced his departure after four years at the helm of the social impact investment institution. Prior is leaving to join the Global Steering Group for Impact Investment (GSG) as its new chief executive.
Posted: 04/01/2020
Sky has announced plans to go net zero carbon by 2030 by cutting the emissions created from the use of its products, its suppliers across the world and by its business
Posted: 04/01/2020
Konica Minolta has received the Top Employers Institute Certification for its employee engagement for the third year in a row.
Posted: 03/02/2020
Ofgem’s new chief executive Jonathan Brearley has launched Ofgem’s Decarbonisation Action Plan that sets a target of ten million electric vehicles by 2030, will support the development of an offshore grid with a four-fold increase in offshore wind generation by 2030 and create an innovation fund for tackling climate change.
Posted: 03/02/2020
The Plastics Pact Network has expanded with the inclusion of the South African Plastics Pact. led by the World Wide Fund for Nature (WWF-SA) with the support of the South African Plastics Recycling Organisation (SAPRO) and WRAP, alongside national government support from the Department of Environment, Forestry and Fisheries (DEFF).
Posted: 31/01/2020
A new index, developed by the Church of England Pensions Board in collaboration with FTSE Russell and the Transition Pathway Initiative (TPI), will enable passive funds to invest in companies aligned to the Paris Climate Agreement.
Posted: 31/01/2020
UPS Ventures is investing in Arrival, following similar investment from Hyundai and Kia.
Posted: 31/01/2020
According to Bloomberg NEF (BNEF), corporations have been buying record amounts of clean energy through power purchase agreements (PPAs) in 2019, growing the market by 44 per cent over 2018.
Posted: 30/01/2020
ClientEarth has launched a High Court challenge against the Government for its decision to approve plans for Europe’s largest gas plant.
Posted: 30/01/2020
The total value of the global carbon markets grew by 34 per cent in 2019 to €194bn according to a report by Refinitiv, the third consecutive year of global growth, and the value has grown almost fivefold since 2017.
Posted: 29/01/2020
Refinitiv has announced the launch of the Future of Sustainable Data Alliance with the objective of accelerating capital inflows into sustainable finance, providing investors and governments with the data needed to meet the requirements of both regulators and customers for sustainable investments and products.
Posted: 29/01/2020
Sainsbury’s has committed to investing £1bn over the next twenty years to become a net-zero business across its own operations by 2040.
Posted: 29/01/2020
More that 400,000 people will need to be recruited into the energy sector if the UK is to meet its target of net-zero emissions by 2050 the National Grid has claimed.
Posted: 29/01/2020
The John Lewis Partnership’s volunteering programme, the Golden Jubilee Trust (GJT), has chosen two charities for partnership in 2020.
Posted: 29/01/2020
More than half (52 per cent) of taxi and Uber customers in seven European countries are willing to pay extra for a zero-emission ride, according to a new online YouGov poll published by the NGO campaign #TrueCostOfUber.
Posted: 29/01/2020
New rules governing OPRL’s recycling labels will give greater transparency on the final fate of packaging, highlighting which pack designs are likely to be landfilled or incinerated. The move is expected to drive more rapid switching into sustainable packaging ahead of Extended Producer Responsibility (EPR) reforms as new labels are applied over the next three years.
Posted: 29/01/2020
The OVO Foundation has pledged over £900,000 to tackle youth poverty and homelessness across England and Scotland over the next three years.
Posted: 29/01/2020
The United Nations Global Compact today launched SDG Ambition, a global impact initiative aimed at challenging and supporting companies to integrate the Sustainable Development Goals into their core businesses.
Posted: 27/01/2020
The UK Research and Innovation's (UKRI), the NGO for collaborative research, has appointed Professor Mercedes Maroto-Valer, of Heriot-Watt University, as its champion for industrial decarbonisation.
Posted: 27/01/2020
The Brunel Pension Partnership has announced a new climate policy, threatening to remove asset managers that do not adhere to climate protection policies.
Posted: 27/01/2020
The UN-convened Net-Zero Asset Owner Alliance has added the Church of England’s three national investment bodies and Italian insurance group Generali to the fold, bringing the total assets managed by Alliance members to over $4.3tr.
Posted: 24/01/2020
Rolls-Royce has been developing the technology to enable small modular reactors (SMRs) to be economically viable – and help reduce carbon globally.
Posted: 24/01/2020
AstraZeneca has brought forward its decarbonisation plans by more than a decade, unveiling a target for zero carbon emissions from its global operations by 2025 and carbon negative value chain is by 2030.
Posted: 23/01/2020
A coalition of public and private sector organisations has launched an initiative to galvanise investors to tackle the issue of antimicrobial resistance (AMR). The ‘Investor Year of Action on AMR’ is backed by the UN-Supported Principles for Responsible Investment (PRI), FAIRR, the Access to Medicine Foundation and the UK Department of Health and Social Care.
Posted: 23/01/2020
Style Analytics is expanding its ESG factor analysis tool with the launch of carbon risk ratings and emission data from Sustainalytics, allowing clients to analyse their portfolios’ exposure to carbon production, implement low-carbon mandates and manage carbon-related risks.
Posted: 23/01/2020
Hyundai Motor Group executive vice chairman (EVC) and Hydrogen Council co-chair Euisun Chung opened the Hydrogen Council’s third annual CEO Meeting in Paris, recommending three key action actions: reduce cost through technological innovation, create a comprehensive safety management system and foster broad acceptance of hydrogen.
Posted: 23/01/2020
Ursula von der Leyen has signalled to China and other countries using fossil fuels that carbon taxes are needed to curb use, and that the EU will consider a carbon tax on imports.
Posted: 23/01/2020
Climate change related threats to business polled higher than concerns over populism, terrorism and access to captial in the latest PwC global CEO survey.
Posted: 22/01/2020
Lloyds Banking Group announced its new ambition to accelerate working with customers, government and the market to help reduce the carbon emissions we finance by more than 50 percent by 2030.
Posted: 22/01/2020
Coalition of private and public sector have launched SDG500, a $500m investment platform to accelerate progress towards the SDGs.
Posted: 22/01/2020
Chief executive officers of many of the world’s largest companies have expressed support for aligning on a core set of metrics and disclosures in their annual reports on the non-financial aspects of business performance such as greenhouse gas emissions and strategies, diversity, employee health and well-being and other factors that are generally framed as ESG topics.
Posted: 22/01/2020
Quilter has announced it has partnered with three charities which will all be supported by its £450,000 Secure Futures Fund, opened last year.
Posted: 22/01/2020
SAP has announced that it has joined the World Economic Forum’s Global Plastic Action Partnership community determined to create a cleaner ocean by 2030.
Posted: 22/01/2020
The Thunderbird School of Global Management has released a new report projecting that the world can realise $tr to $3tr in market opportunities and $3tr to $5tr in broader economic, social and environmental benefits per year by 2030 through carbon capture.
Posted: 22/01/2020
Starbucks aims to store more carbon than it emits, eliminate waste and provide more clean freshwater than it uses in a new initiative.
Posted: 22/01/2020
A new record for green bond issuance of $255bn was set last year, according to figures from the Climate Bond Initiative.
Posted: 21/01/2020
Octopus Energy has announced plans to take over supply of Engie's 70,000 customers.
Posted: 21/01/2020
Renewable energy company Ørsted ranks as the most sustainable company in the Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world, having completed a fundamental business transformation from fossil fuels to renewables over the past decade.
Posted: 21/01/2020
Aviva has unveiled a new stage in its Aviva Community Fund 2020 and is calling on small charities and community interest groups with innovative ideas to submit their projects for funding.
Posted: 21/01/2020
A group of accounting bodies including the Association of Chartered Certified Accountants (ACCA), Chartered Accountants ANZ, the Institute of Chartered Accountants of Scotland (ICAS) the International Federation of Accountants (IFAC), the International Integrated Reporting Council (IIRC) and the World Benchmarking Alliance (WBA) have called for an overhaul of the reporting standards and methodology of the UN Sustainable Development Goals (SDGs).
Posted: 20/01/2020
Uneven implementation of energy performance certificates (EPCs) across EU Member States could undermine efforts to implement the Green Deal.
Posted: 20/01/2020
Brands BT Group, Danone, Microsoft and Sony are among 179 companies on CDP’s A-list for leadership on corporate transparency and action on climate change.
Posted: 20/01/2020
Nestlé has announced that it will invest up to £1.6bn to shift from the use of virgin plastics to food-grade recycled plastics and to accelerate the development of innovative sustainable packaging solutions.
Posted: 17/01/2020
Microsoft has pledged to be carbon negative by 2039, and by 2050 the company aims to remove all the carbon the company has emitted either directly or by electrical consumption since it was founded in 1975.
Posted: 17/01/2020
Hyundai Motor Company and Kia Motors Corporation have announced a strategic investment of €100m in a new partnership with Arrival, a UK-based electric vehicle startup.
Posted: 16/01/2020
The finance sector has the top performing brands most praised by activist groups.
Posted: 16/01/2020
UK100, in partnership with ShareAction, is establishing the All Party Parliamentary Group on Sustainable Finance group to increase the understanding and awareness of parliamentarians of how sustainable finance can be unlocked to deliver a net-zero economy in the UK , and the role the finance sector has in achieving this.
Posted: 16/01/2020
The newly launched FTSE Climate Risk-Adjusted European Monetary Union (EMU) Government Bond Index (‘Climate EGBI’) expands FTSE Russell’s range of climate risk-adjusted government bond indexes and follows the launch of the ‘Climate WGBI’ in July 2019.
Posted: 16/01/2020
Aegon, the Dutch life insurer, has announced that it will further reduce its investments in coal, putting into place a new responsible investment policy to ensure that all new investments contribute to the acceleration of the transition towards a low-carbon economy.
Posted: 16/01/2020
Italian regulators have fined Italy’s Eni over advertisements on that falsely claimed Eni Diesel+ was ‘green’.
Posted: 15/01/2020
MEPs have approved the ‘Green Deal’ with 482 votes in favour, 136 against and 95 abstentions. The Green Deal aims to achieve climate-neutrality by 2050.
Posted: 15/01/2020
A ‘pollution pavilion’ revealing invisible air pollution has been erected in Covent Garden by environmental charity Hubbub and property businesses Grosvenor Britain & Ireland.
Posted: 15/01/2020
The Ellen MacArthur Foundation has launched a digital measuring tool which gives companies a comprehensive picture of their circularity across all operations.
Posted: 15/01/2020
National Grid has placed its first green bond raising €500m the bond’s proceeds will finance UK electricity transmission projects with environmental benefits.
Posted: 15/01/2020
The Mayor of London, Sadiq Khan, has launched a socially-orientated green energy company for Londoners. London Power promises to deliver fair energy pricing, with electricity generated from 100 per cent renewable sources and profits reinvested into London’s communities
Posted: 14/01/2020
The Abu Dhabi National Oil Company (ADNOC) has announced a set of comprehensive sustainability goals, indicating its desire to continue as an energy provider in a renewable age.
Posted: 14/01/2020
The hybrid airship Airlander 10 has now reached its full production design, offering up to 75 per cent fewer emissions than comparable aircraft – and the promise of zero-carbon aviation with the ongoing development of electric propulsion, in partnership with Collins Aerospace and the University of Nottingham.
Posted: 14/01/2020
In Larry Fink’s annual letter to CEOs, BlackRock’s boss has highlighted the climate emergency and how it must change the way that investments are made.
Posted: 14/01/2020
The UK’s first citizens’ assembly on climate change is preparing to meet for the first time, with over one hundred assembly members tasked with making recommendations to government, businesses and public. Working with academic and advisory panels, it will consider how the UK can reach the goal of being carbon net-zero by 2050.
Posted: 13/01/2020
New diesel cars’ pollution is peaking at more than 1,000 times their normal levels, tests of two top-selling vehicles show, with these spikes in particles resulting from of the cars cleaning their filters, which may occur in urban areas, and lasting for up to 15km.
Posted: 13/01/2020
BMW has joined IRMA (the Initiative for Responsible Mining Assurance), becoming the first major car manufacturer to do so.
Posted: 10/01/2020
The Swedish energy group has announced that its wind farm proposals for Clashindarroch II are to go into planning, with 14 of the company’s most powerful onshore turbines in the UK to date.
Posted: 10/01/2020
The National Grid UK Pension Scheme (NGUKPS) has agreed a pension mandate with Octopus Renewables that will see it invest £185m in solar and onshore wind assets.
Posted: 10/01/2020
BlackRock, the world’s largest asset manager with more than $6.8tr in assets under management, has signed up as a member of Climate Action 100+, the investor engagement initiative to ensure corporate greenhouse gas emitters take necessary action on climate change.
Posted: 10/01/2020
Last year the volume of sustainable debt issued globally hit a new record at $465bn, an increase of nearly 80 per cent from 2018.
Posted: 09/01/2020
Shell Aviation has announced a collaboration with World Energy to develop sustainable aviation fuel (SAF), including the supply of SAF to Lufthansa Group at San Francisco International Airport (SFO). The supply will reduce Lufthansa’s carbon emissions on intercontinental flights on three routes operated by Deutsche Lufthansa and Swiss International Air Lines from SFO to Frankfurt, Munich and Zurich.
Posted: 09/01/2020
BP Ventures has invested in energy management specialist R&B, BP’s first venture into artificial intelligence (AI) technology in China.
Posted: 09/01/2020
Prince Charles will use the World Economic Forum Annual Meeting on 22 January to make a plea to business leaders to help lead the transition to a more sustainable economy.
Posted: 09/01/2020
Tesla is now worth more than Ford has ever been, with the company’s stock hitting another record.
Posted: 08/01/2020
ShareAction has filed the first ever climate-related shareholder resolution at a European bank, supported by over 100 Barclays’ individual investors.
Posted: 08/01/2020
Some three million public charging points will be needed for 44 million electric vehicles in 2030 if the EU is to become climate neutral by 2050, new research by research group Transport & Environment (T&E) shows. This would mean providing 15 times the current 185,000 public chargers available in the EU – which are enough for the current electric fleet but not to keep pace with the growing market beyond 2020.
Posted: 08/01/2020
Business software provider the Access Group has announced its new charity partner as the National Deaf Children’s Society.
Posted: 08/01/2020
Environmental charity Hubbub wants to double the uptake of reusable cups for hot drinks under an initiative built using funds collected from Starbucks’ 5p charge on paper cups across its stores nationwide.
Posted: 08/01/2020
Convenience store and wholesaler group Nisa donated almost £850,000 to charities and other good causes across the UK and Ireland through its Making a Difference Locally (MADL) charity last year.
Posted: 08/01/2020
The deVere Group, an independent financial consultancy, has carried out research showing that 77 per cent of millennials cite ESG investing as their top priority when considering investment opportunities.
Posted: 07/01/2020
The Co-op’s unique Ethical Consumerism Report, which has tracked ethical expenditure year by year over the past two decades, reveals the extent to which UK consumers now ethically.
Posted: 07/01/2020
UK new registrations of electric cars surged to record levels, increasing by 144 per cent, even as overall new car registrations fell by 2.4 per cent in 2019 to 2.3 million units.
Posted: 06/01/2020
The Society of Pension Professionals (SPP) has published research based on a recent survey the SPP membership around ESG issues.
Posted: 06/01/2020
Chartered Institute of Personnel and Development (CIPD) has released figures for its High Pay Day, based on data and analysis compiled with the High Pay Centre, showing that FTSE 100 CEOs only need to work until just before 17.00 on Monday 6 January 2020 in order to make the same amount of money that the typical full-time employee does in the entire year.
Posted: 06/01/2020
According to figures provided by the National Grid, 2019 was the cleanest year on record, and for the first time more zero-carbon power was produced than from fossil fuels for a full twelve months.
Posted: 03/01/2020
One of the problems that has confronted the adoption of hydrogen as a fuel is the need for high pressure (and heavy) containers. That, and the related issue of its tendency to explore in spectacular fashion. Now both issues might have a resolution.
Posted: 03/01/2020
The Duke and Duchess of Cambridge have launched a competition to help combat climate change.
Posted: 02/01/2020
The Audi E-Tron is the UK’s most popular EV, closely followed by Jaguar’s iPace.
Posted: 02/01/2020
If Hydrogen could be mixed with natural gas, the resulting new fuel could help reduce emissions considerably, and a live pilot by Keele University is currently testing the technology.
Posted: 02/01/2020
The Volkswagen brand has delivered the 250,000th electric car since the introduction of the e-up! in 2013 and has stated that it sees significantly raised electric car production.
Posted: 02/01/2020
With the end of the year, and this record signing off until 2020, we have decided to look back at some of the news that we think could be evidence for optimism. Like opening a Christmas present, you can’t be sure what will be inside, but you can see the basic shape.
Posted: 23/12/2019
Waitrose has seen sales of refillables at its four Waitrose Unpacked shops outselling their packaged equivalents by 68 per cent.
Posted: 20/12/2019
The Department for Business, Energy & Industrial Strategy (BEIS) has released its Energy Trends report for the third quarter, showing that renewables again rose, this time overtaking gas.
Posted: 20/12/2019
VW has been given a £66m (A$125m) fine by Australia's consumer watchdog to settle lawsuits resulting from the 2015 ‘Dieselgate’ scandal.
Posted: 20/12/2019
The Chancellor of the Exchequer, Sajid Javid, has announced that Andrew Bailey is to replace Mark Carney as the Governor of the Bank of England from 16 March 2020.
Posted: 20/12/2019
Patricia Espinosa, executive secretary of UN Climate Change, has asked for an “honest and realistic assessment of what happened” at COP25 in Madrid.
Posted: 20/12/2019
Standard Chartered has announced that it will now only support clients who actively transition their business to generate less than 10 per cent of earnings from thermal coal by 2030. Recognising that transitioning to clean technology can take time it has phased the decision, using milestones, from January 2021.
Posted: 19/12/2019
Bank of England (BoE) has published a discussion paper which sets out its proposed framework for the 2021 Biennial Exploratory Scenario (BES) exercise to test the resilience of banks and insurers to the physical and transition risks associated with different possible climate scenarios, and the financial system’s exposure more broadly to climate-related risk.
Posted: 19/12/2019
A new cross-industry consortium has been created to make enhanced recycling of polyester plastics a commercial reality.
Posted: 19/12/2019
After the longest climate negotiations on record, and few solid results, it might be easy to dismiss COP25 as a lost chance. And many have. However, S&P Global Ratings is determined to see some positives.
Posted: 19/12/2019
2019 was the strongest year for growth in solar energy for Europe since 2010, with more new solar capacity added than any other power generation technology.
Posted: 19/12/2019
Distribution company CitySprint will be donating its 90th van to Crisis, the national charity for homeless people.
Posted: 19/12/2019
The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping.
Posted: 18/12/2019
Patagonia, the outdoor apparel company, has helped raise $10m in donations for 1,043 grassroots environmental organisations in 17 days.
Posted: 18/12/2019
Nest, UK’s largest auto enrolment pensions scheme, is boosting efforts to tackle the risks posed by climate change.
Posted: 18/12/2019
Geminor delivers services within waste-to-energy and material recycling and has been steadily growing from its original base in Norway. Since its formation in 2004 it has expended across Europe to have offices in the UK, Finland, Denmark, Sweden, Germany and Poland, in addition to Norway of course.
Posted: 18/12/2019
IFC has announced a R600m ($41m) investment in Business Partners to strengthen women-owned businesses in South Africa and help create employment.
Posted: 18/12/2019
Companies are missing out on cutting carbon in their deliveries by 58 per cent by not using consolidation.
Posted: 18/12/2019
Shell has signed a $10bn revolving credit facility with the interest and fees paid on the facility linked to Shell’s progress towards reaching its short-term net carbon footprint intensity target, as published in its Sustainability Report.
Posted: 17/12/2019
Apple shareholders are debating whether Apple should make a commitment to respect freedom of expression.
Posted: 17/12/2019
Germany is to raise its carbon dioxide levy on emissions from transport and heating buildings to €25 per tonne from 2021.
Posted: 17/12/2019
At the UNHCR Global Refugee Forum in Geneva, businesses made a $250m pledge, with major commitments coming from IKEA, Vodafone and LEGO.
Posted: 17/12/2019
Goldman Sachs has announced fossil finance restrictions that appear to be more stringent that those of any other major US bank, ruling out direct finance for new or expanding thermal coal mines and coal-fired power plant projects worldwide, as well as direct finance for new Arctic oil exploration and production.
Posted: 17/12/2019
Madrid wrapped up with a bit of a whimper – a comprise deal in which countries will put their new climate pledges for 2030 in the open before Glasgow next year. The higher ambitions that were generally welcomed by an alliance of small island states, European, African and Latin American countries, and were passed despite opposition from some developing nations, China and the US. However, the difficult issues, such as carbon markets, were delayed.
Posted: 17/12/2019
If you live in the UK, you might have missed the General Election. If so, then as a quick recap we can say that the Conservative Party created a majority. The impact for climate and the environment is therefore likely to follow the manifesto.
Posted: 13/12/2019
The greater the reach of technology into our lives, the more the companies themselves face scrutiny – both internal and external.
Posted: 13/12/2019
Fewer than one in ten UK CEOs have any form of remuneration link to sustainable goals according to research from Vlerick Business School in the Netherlands.
Posted: 12/12/2019
OVO Energy has had approval from the Competition and Markets Authority (CMA) for its acquisition of SSE Energy Services, with OVO expecting the transaction to complete in January 2020.
Posted: 12/12/2019
The environmental impact of popular foods will be measured and, for the first time, tracked following the launch of the Tesco and WWF Sustainable Basket Metric, with the target of halving the impact of the average UK shopping basket by 2030.
Posted: 12/12/2019
Denmark is considering the construction of an artificial island for offshore wind that could produce 10GW of capacity.
Posted: 12/12/2019
The Global Sustainable Investment Alliance (GSIA) has released its Sustainable Investor Poll on TCFD Implementation, with an overwhelming majority of respondents (87 per cent) saying they do not believe that markets are consistently and correctly pricing climate risks into company and sector valuations.
Posted: 12/12/2019
Climate change was the most cited issues facing the world, in a survey of more than 10,000 young people.
Posted: 11/12/2019
Drax aims to be the first company in the world to become carbon negative. Using bioenergy with carbon capture and storage (BECCS) Drax hopes to achieve the goal by 2030, creating a negative carbon footprint for the company.
Posted: 11/12/2019
The Business Ambition for 1.5C campaign has recruited several new high-profile names, including Ambev, Carlsberg Group, Europcar Mobility Group, Iberia, International Airlines Group (IAG), Siemens Gamesa Renewable Energy and Tesco.
Posted: 11/12/2019
Newly elected EC President Ursula von der Leyen has presented the European Green Deal, the promised comprehensive climate and nature package of measures to make Europe climate neutral by 2050.
Posted: 12/12/2019
Oil major Exxon Mobil has won its legal battle in New York, having been accused of misleading investors about the costs of climate change.
Posted: 11/12/2019
A blockchain database, linking issuers and investors of green bonds is to be launched. Created a consortium of capital market actors, green finance experts and technology innovators, the Green Assets Wallet platform aims to unlock greater volumes of credible investment opportunities that deliver green impact.
Posted: 11/12/2019
Not-for-profit OPRL (the On-Pack Recycling Label) has appointed Professor Margaret Bates as its first full-time executive director. Professor Bates will lead the team charged with making the voluntary recycling labelling scheme ‘match fit for mandatory’, the ongoing development a suite of services to support members in preparing for Extended Producer Responsibility Reforms and continuing both to grow and expand the breadth of OPRL membership.
Posted: 10/12/2019
Nestlé, Nando’s, BaxterStorey, WWF, the Food Ethics Council have joined the UK Stakeholders for Sustainable Development (UKSSD) Food System Programme to drive progress on the SDGs in the UK.
Posted: 10/12/2019
A renewable energy record was set on Sunday 8 December, with wind generating more than 16GW of electricity in Britain for the first time, providing nearly 44 per cent of the total energy mix.
Posted: 09/12/2019
Ørsted’ Walney Extension Skills Fund has awarded £40,000 to STEM Learning to develop two ENTHUSE Partnership projects in Cumbria and Lancaster. Each Partnership project will bring together eight schools and colleges from within the eligible funding area, to develop a two-year intensive improvement programme to raise achievement and aspiration in STEM subjects.
Posted: 09/12/2019
The Co-operative Bank is urging its customers to take part in Amnesty International’s Write for Rights human rights campaign this December. The Bank is calling for the public to join Amnesty International’s global Write for Rights project, a letter writing campaign that encourages people to write letters in support of 12 young people faced with human rights abuses, or bravely standing up for the rights of others.
Posted: 09/12/2019
Over a billion metric tons of emissions would be saved if suppliers to just 125 multinationals increased their renewable electricity by 20 percentage points. This is according to new research released today by global non-profit CDP, during the UN’s COP25 climate conference in Madrid.
Posted: 09/12/2019
Ford and McDonald’s are trialling using coffee beans to help create vehicle parts such as headlamp housing.
Posted: 06/12/2019
Investors from the Institutional Investors Group on Climate Change (IIGCC) have written to all EU heads of state and government, urging them to pass a net zero emissions target into European law as a matter of urgency.
Posted: 06/12/2019
Tesco has become one of the first companies to lend its support to a new initiative designed to help end soy-associated deforestation in one of Brazil’s most important areas of biodiversity.
Posted: 06/12/2019
ScottishPower has announced a new ‘hybrid strategy’ which will see the company construct solar projects for the first time.
Posted: 06/12/2019
EU negotiators are agreeing a compromise on its ‘green finance’ regulation – the rules for which financial investments can be labelled environmentally sustainable.
Posted: 06/12/2019
A lack of investment in low-carbon vehicles is putting the automotive sector in danger of missing the Paris climate targets, a new study from the World Benchmarking Alliance (WBA) and CDP reveals.
Posted: 06/12/2019
Companies which make employee engagement a strategic priority may be more likely to perform better financially, according to research from Sideways 6.
Posted: 05/12/2019
BP has agreed the first in a series of innovative power deals with Amazon Web Services (AWS) to supply renewable energy to the European data centres that drive the AWS cloud platform.
Posted: 05/12/2019
Companies, including Nike and Thyssenkrupp, with more than the combined annual emissions of France and Spain have now set greenhouse gas emissions reduction targets in line with what science says is required to avert dangerous climate change and meet the goals of the Paris Agreement.
Posted: 05/12/2019
New investment in renewable energy projects in developing nations has declined over 2018, in main because of a slowdown in China.
Posted: 04/12/2019
French insurers and reinsurers held €61bn in green investments by the end of 2018, an increase of €12bn over 2017.
Posted: 04/12/2019
Over half (52 per cent) of all UK adults¹ say they’re happy to volunteer their time. However, in the last three months, only 7 per cent of UK adults have actually volunteered for a charity and more than one in four (26 per cent) haven’t undertaken any charitable activities at all. These figures, from YouGov profiles, show that there is a disconnect between the idea of helping and actually finding an opportunity.
Posted: 04/12/2019
ClientEarth’s #TheWholeTruth campaign is intended to change the law in the UK so that ‘fossil fuel companies’ must place ‘health warnings’ next to advertising – even if the advertising is promoting renewable products.
Posted: 04/12/2019
Australian engineering company Worley has announced its partnership with Silicon Valley start-up Plug and Play Energy, to help transition the energy sector to more digitally-focused operations as well as address challenges and opportunities in new energy.
Posted: 03/12/2019
This decade has been one of exceptional global heat, retreating ice and record sea levels driven by greenhouse gases (GHG) from human activities with average temperatures for the five-year (2015-2019) and ten-year (2010-2019) periods are almost certain to be the highest on record according to the World Meteorological Organization (WMO).
Posted: 03/12/2019
Volkswagen announced last year it had partnered with Tesco and Pod Point to install around 2,400 charging points for electric cars, and now the rollout is under way with 100 Tesco stores across the UK.
Posted: 03/12/2019
Lloyds Bank is the first UK organisation to offer British Sign Language (BSL) website translation for deaf customers. The new feature launched on International Day for People with Disabilities and is part of the organisation’s drive to remove barriers for customers who request support.
Posted: 03/12/2019
Biomass makes up the second largest contributor to UK renewable energy, second only to wind and ahead of both solar and tidal. This is according to a report from JPIMedia Data.
Posted: 03/12/2019
321 funds have been awarded the SRI label, representing a total volume of over €121bn managed by 59 investment companies.
Posted: 02/12/2019
Giving Tuesday, the annual day that encourages people support a good cause, takes place on 3 December with 3,200 businesses involved including eBay, PayPal and Salesforce.
Posted: 02/12/2019
The biggest class action in the UK has been launched, representing over 90,000 motorists who are accusing Volkswagen over its emissions defeat device.
Posted: 02/12/2019
The number of insurers withdrawing cover for coal-based projects has doubled in 2019, the Unfriend Coal campaign has claimed as it revealed its third annual scorecard on insurance, coal and climate change.
Posted: 02/12/2019
Rice is a food table, but its production can be very damaging, with climate change causing rice agriculture to release potent greenhouse gas methane (CH4) on top of the existing carbon footprint. In short rice is estimated by the Environmental Defense Fund to have a similar short-term impact as 1,200 coal power stations – as is second only to cattle farming for methane production.
Posted: 02/12/2019
Finnish dairy producer Valio has set itself the goal of creating carbon neutral dairy by 2035 with a sustainable production chain.
Posted: 02/12/2019
COP25 has opened, the UN climate change conference that brings together leaders in climate issues together for two weeks in Madrid.
Posted: 02/12/2019
Construction of the Neart na Gaoithe (NnG) offshore wind farm is now underway following confirmation from EDF Renewables that financial close for the project has been achieved.
Posted: 29/11/2019
The British Academy has published a second report, considering the role of business, capitalism, the future of humanity and the future of our planet.
Posted: 29/11/2019
Hotels are failing to protect employees, agency workers, and workers in supply chains from forced labour and sexual exploitation.
Posted: 28/11/2019
An alliance of brands and retailers, including Nestlé, Unilever, REWE Group and AB InBev has called on the new European Commission to set sales targets for zero-emissions trucks and vans.
Posted: 28/11/2019
AXA has announced a new phase in its climate strategy, which aims to accelerate its contribution to the transition towards a more sustainable and less carbon-intensive economy by 2050, in line with the objectives of the Paris Agreement.
Posted: 28/11/2019
A report from InfluenceMap has pointed to the divergence between climate goals and the current state of the asset management sector.
Posted: 27/11/2019
The IKEA Group has announced that it will invest €200 million to speed up its transformation to become a ‘climate positive’ business.
Posted: 27/11/2019
Estée Lauder has signed a virtual power purchase agreement (VPPA), describing itself as the first prestige beauty company to do so.
Posted: 26/11/2019
The World Bank and Credit Suisse have formed a partnership to focus attention on sustainable use of oceans and coastal areas, otherwise known as the Blue Economy.
Posted: 26/11/2019
A consortium led by Mitsubishi Corporation has purchased Dutch energy company Eneco, in a deal that was expected to have gone to Shell, helping it shore up its sustainable energy division.
Posted: 26/11/2019
BNP Paribas has decided to cease all its financing related to the thermal coal sector by 2030 in the European Union, and worldwide by 2040.
Posted: 26/11/2019
Lloyds Banking Group, Bank of America and Société Générale are among the poorest performers in human rights considerations according to a new report.
Posted: 26/11/2019
Transport for London (TfL) has said it will not grant a renewal of licence to Uber as the company has suffered repeated safety failures in its assessment.
Posted: 25/11/2019
The Women In Safe Homes (WISH) Fund is believed to be the first gender-lens property fund, created to provide affordable, safe and secure homes for women who are experiencing homelessness, are ex-offenders, survivors of domestic abuse or have other complex needs.
Posted: 25/11/2019
Greenhouse gases (GHG) in the atmosphere have reached a new record high, according to the World Meteorological Organization (WMO).
Posted: 25/11/2019
As the new EC prepares the European Green Deal, the 2019 Europe Sustainable Development Report comes at a crucial time, finding that whilst European countries lead globally on the SDGs, none are on track to achieve the goals by 2030.
Posted: 25/11/2019
RobecoSAM is transferring its ESG Ratings and ESG Benchmarking Businesses to S&P Global.
Posted: 25/11/2019
Volvo Car UK will aid ex-British Armed Forces personnel find new careers in the automotive sector in partnership with charity Mission Motorsport.
Posted: 25/11/2010
Government and business must work together after the General Election to restore trust in how British companies are run, according to the Institute of Directors (IoD).
Posted: 22/11/2019
With its clunky looks reminiscent of a Tonka toy and appeal to the large pickup truck segment of the market, the new Tesla Cybertruck is claimed to have the “utility of a truck and the performance of a sports car”.
Posted: 22/11/2019
Volkswagen Group Logistics is using two car freighters powered by liquefied natural gas (LNG) in overseas traffic. The two charter ships of Siem Car Carriers were launched in Xiamen, China.
Posted: 22/11/2019
Sustainable debt issuance has now surpassed $1tr, according to new data compiled by BloombergNEF (BNEF).
Posted: 22/11/2019
Ofgem’s Targeted Charging Review has been revealed as part of an attempt to modernise network charges across the grid, but has been criticised as failing to adress the needs of carbon transistion.
Posted: 22/11/2019
The UK’s social investment market is now worth over £3.5bn according to the latest research by Big Society Capital, and since the end of 2015, there has been market growth of at least 30 per cent per annum.
Posted: 22/11/2019
The UK leads the G20 in having the most rapid decarbonisation rate since 2000, at 3.7 per cent, however, the rate of progress has slowed and the gap to meet climate targets is widening.
Posted: 19/11/2019
The investment management industry has long struggled with forming a common language and clear product categorisation for responsible investment, however the Investment Association (IA) has now published a common seyt of definitions to provide clarity and consistency for savers, based on consultation with over 40 investment management firms representing £5 trillion of assets.
Posted: 19/11/2019
easyJet has declared that it will be the first major airline to offset the carbon emissions from the fuel used for all of its flights and render then net-zero.
Posted: 19/11/2019
Under Indonesia’s recently announced Sharia Economy Masterplan and Indonesia Halal Economy and Strategy Roadmap 2018/19, the RFI Foundation and Indonesia Halal Lifestyle Center (IHLC) have signed a memorandum of understanding that will pave the way for the development of Islamic finance in Indonesia and incorporation of responsible finance principles through environmental, social and governance (ESG) integration.
Posted: 19/11/2019
Lloyd’s of London has launched a campaign to encourage more people to speak up against unacceptable behaviour as part of a programme of measures put in place after recent the damaging report into culture at the organisation.
Posted: 19/11/2019
The new Corporate Human Rights Benchmark, published last week, makes for some depressing reading.
Posted: 18/11/2019
A report published today by RenewableUK shows that UK-based onshore and offshore wind, wave and tidal energy companies are now exporting products and services to 37 countries.
Posted: 18/11/2019
Global consumer goods companies, including Kraft and Mondelez, cannot meet their commitments to net-zero deforestation by next year according to new research by CDP.
Posted: 18/11/2019
The European Investment Bank (EIB) has issued a new energy lending policy, confirming its enhanced action on climate and environmental sustainability.
Posted: 15/11/2019
Groupe Renault, Les Filatures du Parc and Adient Fabrics have created a new fabric made from recycled safety belts, textile scraps and plastic bottles for the Renault Zoe, reducing the carbon footprint by 60 per cent compared to the standard process.
Posted: 15/11/2019
Norway's sovereign wealth fund, one of the largest in the world, is to exclude all holdings in G4S because of the company’s links to potential human rights violations.
Posted: 14/11/2019
Research from ING predicts that global data flows will be more than 20 times those of 2018 and data-driven electricity use will double, accounting for 5 per cent of the world’s electricity consumption, by 2030.
Posted: 14/11/2019
During a visit to the London Electric Vehicle company, Prime Minister Boris Johnson pledged that should the Conservatives win the forthcoming election, he would ensure large-scale investments in green technologies, create more charging points for EVs and build capacity of offshore wind power generation.
Posted: 14/11/2019
The Zurich Group has reiterated its ambition to be one of most responsible and impactful businesses. This ambition saw Zurich become the first insurance company to commit to the UN Global Compact’s Business Ambition for 1.5C Pledge. The Group is already helping avoid five million tons of CO2 emissions annually through dedicated impact investments and it aims to use 100 per cent renewable power in all global operations by 2022.
Posted: 14/11/2019
The Fawcett Society is calling for wages to openly known in companies to prevent illegal discrimination.
Posted: 14/11/2019
Close Brothers Motor Finance employees have volunteered 824 hours of their time for charity initiatives in October, the company’s volunteer month.
Posted: 14/11/2019
Nisa’s registered charity, Making a Difference Locally (MADL), raises money for local communities and of the first week of November it has declared that it has now raised more than £11m over its 11 year existence, boosted by changes made earlier this year to the way the charity is funded.
Posted: 14/11/2019
Just 13 out of the largest 132 coal, electricity, and oil and gas companies have made commitments to reduce their greenhouse gas emissions to net-zero.
Posted: 12/11/2019
The Greenbyte Marketplace is an initiative that opens up performance data in order to accelerate software innovation for the renewable energy sector.
Posted: 12/11/2019
Alzheimer’s Research UK (ARUK) and Ricoh have partnered to create an awareness campaign highlighting the many physical diseases that cause the condition. Dementia Uncovered includes a series of hard-hitting films that highlight the experiences of four people living with different forms of dementia, as well as the scientists striving to bring about new treatments.
Posted: 11/11/2019
Apple has made one of the largest sustainable debt deals with proceeds to be employed in energy efficient product developments, recyclable technologies and carbon reduction in the supply chain.
Posted: 11/11/2019
Boston Common Asset Management engaged 58 of the world’s largest banks, including the HSBC, JP Morgan Chase, BNP Paribas and MUFG to identify the progress in governance in respect of climate change.
Posted: 11/11/2019
Google and US power supplier AES have announced a decade long strategic alliance to accelerate the growth and adoption of clean energy using Google Cloud technology to pioneer innovation in the sector.
Posted: 08/11/2019
Cryptocurrency Exchange Platform Changelly is working with the VEROS FP platform to expand its fundraising capability to crypto currency donations, as a first stage to launching the first charitable cryptocurrency service to finance international non-profit organisations such as UNICEF, Greenpeace, WWF and the Red Cross.
Posted: 08/11/2019
The sixth round of Ørsted’s East Coast Community Fund has reached a major milestone, with the total funds awarded exceeding £1m, and having donated these funds to more than 95 projects in coastal areas of Yorkshire, Lincolnshire and North Norfolk.
Posted: 08/11/2019
The Prudential Regulation Authority (PRA) has warned insurers that they need to improve the sector’s workplace culture following high profile reports about sexual harassment and bullying.
Posted: 06/11/2019
Volvo Cars is set to globally trace cobalt used in its batteries by applying blockchain technology.
Posted: 06/11/2019
LGIM Real Assets (part of Legal & General) has announced that is has provided £125m in long-term financing to the City of London Corporation via a green and sustainable financing framework.
Posted: 06/11/2019
OpenInvest and Legal & General Investment Management America (LGIMA) have partnered to use the former’s proprietary Dynamic Custom Indexing (DCI) technology to deliver custom, separately managed solutions to clients that builds on LGIM’s ESG work.
Posted: 06/11/2019
Ford Motor Company has joined the New Deal for Europe initiative to foster greater cooperation between businesses, governments, organisations and policy-makers to develop a comprehensive sustainable Europe based on the United Nations Development Goals and the Paris Climate Accord.
Posted: 06/11/2019
Apple has announced a $2.5bn plan to help address the housing crisis in California, hoping to solve the need for affordable housing as it fails to keep pace with the region’s growth.
Posted: 05/11/2019
The world will not meet the targets of the 2015 Paris accord unless there are some major changes. Currently almost all countries are contributing to the rise in carbon emissions, with India and China experiencing the highest increases over the past year and even EU emissions are only currently flat.
Posted: 05/11/2019
The law of unintended consequences might be at work as the plastic single use bag levy has actually meant that some people are buying more bags.
Posted: 05/11/2019
Tesco will remove one billion pieces of plastic from the products it sells UK stores by as a part of its plan to tackle plastic pollution.
Posted: 05/11/2019
From 6 November, 30,000 invitation letters will be sent out inviting people to join Climate Assembly UK.
Posted: 04/11/2019
Bank of America Corporation has issued its fifth corporate green bond for $2bn, with proceeds to be targeted to support projects focused on affordable, clean energy in support of the United Nations Sustainable Development Goals (SDGs).
Posted: 04/11/2019
Two competitions, run by UK Research and Innovation (UKRI) on behalf of the Government, have opened in one strand of the UK’s push to achieve net-zero emissions by 2050.
Posted: 01/11/2019
The European Union cut its greenhouse gas emissions by 2 per cent in 2018, according to preliminary estimates released today by the European Environment Agency. However, rising energy consumption continues to hamper progress on the share of energy generated by renewable sources and on energy efficiency.
Posted: 01/11/2019
The major oil and gas producers must cut combined production by a third by 2040 to keep emissions within international climate targets and protect shareholder value, Carbon Tracker finds in a report today.
Posted: 01/11/2019