New research reveals a growing acknowledgement amongst insurance brokers of the importance of contributing positively to society, with charitable giving the most popular way of achieving this goal. The study, conducted by specialist insurer Ecclesiastical, suggests that, for the first time, UK brokers are making a significant contribution to their communities, responding to a growing consumer demand for a more responsible approach to business.
15/08/18
Cyber defence company Darktrace, is joining WISE, a social enterprise promoting science, technology, engineering and mathematics (STEM), to help inspire more girls to consider STEM careers and increase their awareness of future roles available in technology.
14/08/2018
Pension schemes are being warned they are at risk of legal action being taken against them if they fail to develop their approach to climate risk in line with improving data and market practices.
14/08/2018
Insurance Europe has welcomed the European Commission’s consultation on its proposed InvestEU programme, which aims to bring together various EU financial instruments and expand the Investment Plan for Europe.
13/o8/2018
Retailer Aldi has built on earlier endeavours and has now announced that it will be carbon neutral by the end of next year in its UK operations.
10/08/2018
Of 48 major global cities analysed on their levels of air pollution, light pollution and noise pollution, Cairo heads the list as the most contaminated city on earth.
10/08/2018
Green bonds had their second highest quarter, managing to reach $47 billion according to SEB, the Swedish commercial bank. But the good news is offset by global political uncertainty and potential interest rate rises that SEB sees as damping issuance in the immediate near future.
09/08/2018
In light of recent reports that recycling programmes are often ending up in a landfill, here or aboard, there has been a call to consider chemical recycling.
09/08/2018
The European Insurance and Occupational Pensions Authority (EIOPA) has become a member of the Sustainable Insurance Forum (SIF), a network of insurance supervisors and regulators from around the world working together on sustainability challenges facing the insurance sector.
09/08/2018
Stroud Brewery has launched a bond offering with sustainable bank Triodos to develop a new brewery and bar opening this autumn, showing a diversity of what sustainable finance can mean.
08/08/18
Spearheaded by Apple, Akamai, Etsy and Swiss Re have announced an agreement to develop two new wind and solar energy farms in Illinois and Virginia. The new projects should generate 290 megawatts, with the group purchasing 125 megawatts from a wind farm near Chicago and 165 megawatts from a solar PV project outside Fredericksburg, Virginia, which will be delivered to the electric grid.
08/08/18
There is now over a terawatt of wind and PV solar power, according to Bloomberg New Energy Finance (BNEF), with 54 per cent wind and 46 per cent solar contributions.
07/08/2018
Entrepreneurs are selling plastic carrier bags outside of supermarkets and convenience stores or 2p, undercutting the 5p price in-store and creating more plastic waste.
07/08/2018
Munich Re has announced that it will stop offering insurance for new coal-fired power plants and mines in industrialised countries, while also ceasing investment in shares and bonds of coal companies that generate more than 30 per cent of their revenues in the coal sector.
07/08/2018
Three insurance firms could be facing fines after ClientEarth reported them to the Financial Conduct Authority (FCA) for failure to disclose climate risks in their annual reports.
06/08/2018
Kraft Heinz will be increasing its use of recycled materials and setting its environmental targets on science-based emissions reduction targets and will announce these new science-based goals when their current commitments expire in 2020.
06/08/2018
Social and Sustainable Capital (SASC) has invested £1.1 million in responsible lender, Five Lamps. The investment is part of a £5 million deal over six years, and SASC is one of nine investors that will help mobilise over £60 million of lending, enabling Five Lamps to offer over 100,000 affordable personal loans under its Conduit brand, through a dedicated subsidiary called Five Lamps Trading.
06/08/2018
Lloyd’s Banking Group has announced that it will stop funding coal-related projects and will stop extending finance to new clients whose revenues predominantly come from coal power plants and mines.
06/08/2018
VINCI, the largest construction company in the world by revenue, and its VINCI UK Foundation are stepping up attempts to help tackle social exclusion, foster community integration and improve access to employment and housing.
02/08/2018
An online waste collection service and app have been launched in response to the trend of reduced waste collection services across the country and the increased demand by consumers, with the service allowing consumers to pick a day and time that suits them for their waste to be collected from their home.
02/08/2018
Capita has had a hard ride recently, and as part of its plan to revitalise its operations, the company has promised to appoint up to two staff members to the board.
02/08/2018
Mercedes Benz has announced Europe’s first automotive Power Purchase Agreement (PPA) and will buy electricity generated at a Polish 45MW wind farm to power its manufacturing facility in Jawor, 10km away.
02/08/2018
The CareTech Foundation, an independent grant-making corporate charitable foundation, has announced that the Care Workers Charity (CWC) will benefit from one of its three-year, strategic partnerships for care workers.
02/08/2018
Raw averages fail to tell you anything really, but MPs are now suggesting that any organisation with more than 50 employees should publish average pay rates for male and female employees.
02/08/2018
"Insurers have always had a particular interest in sustainable capital investments as their business model is based on long-term protection from risks, but economy and ecology cannot be mutually exclusive within this model," German trade body GDV executive committee member and chairman Jörg von Fürstenwerth has argued.
01/08/2018
James’s Place has decided to reallocate its £277m ethical fund, meaning that Standard Life Aberdeen will be losing the mandate to manage the fund.
01/08/2018
Octopus Energy will take on failing provider Iresa’s customers, further growing the user base following its recent partnership with Marks and Spencer.
01/08/2018
The Government proposal for waste companies to pay a tax per tonne of plastic burned is based on the idea that such costs would encourage them to invest in new plastic recycling technologies.
31/07/2018
The FCA has said that it will take no action against Royal Bank of Scotland (RBS) over alleged mistreatment of small business customers pushed into bankruptcy so that the bank’s Global Restructuring Group (GRG) unit could then strip the client’s assets.
31/07/2018
The potential for a widespread distribution of energy has gathered pace. As homeowners have adopted (mainly) solar power that can feed into the Grid, energy has become less of a centralised commodity, but it is with the arrival of effective domestic electricity storage that real change can be realised, opening up the options of total self-sufficiency or even the future prospect of peer-to-peer energy retailing.
30/07/2018
To demonstrate that environmental considerations can be made in any sector, League Two side Forest Green Rovers has scored a world’s first in being recognised as a United Nations certified carbon neutral football club, after signing up to the UNFCCC Climate Neutral Now initiative for the upcoming season.
30/07/2018
Insurance companies top a ranking of corporates receiving most praise from NGOs for their leadership on environmental issues, human and animal rights.
26/07/2018
Starbucks is rolling out a 5p per paper cup charge across all of its 950 stores in the UK following a successful trial in 35 London stores. The London trial, which saw a 126 per cent increase in the use of reusable cups, was carried out over a three-month trial and evaluated by Hubbub.
26/07/2018
Coca-Cola European Partners (CCEP) is working UK Youth on a new programme to equip young people with employability skills and confidence to transition into work.
26/07/2018
The Government’s latest annual energy statistics demonstrate a growing use of renewable energy as it takes a central role in mainstream supply.
26/07/2018
Global energy company Gussing Renewable Energy (GRE) International has announced its first green bond launch. Founded in Austria in 2009, GRE an owner and operator of plants and supplier of gasification technology that turns biomass and debris of any kind into energy.
25/07/2018
Whilst a peak in carbon emissions is vital by 2020, a stable and steep decline through 2050 to net-zero emissions will also be a necessity, and 2050 is now becoming a focus. Because the investment implications of achieving decarbonisation from 2050 are less clear, a change of focus from 2020 to 2050 might change the priorities for investment today.
25/07/2018
Sky Ocean Ventures has made investments in two businesses that might help reduce the use of single-use plastic. Choose Water aims to make a replacement for the single-use plastic water bottle, and Skipping Rocks Lab is a start-up pioneering the use of natural materials extracted from plants and seaweed to replace plastic packaging.
25/07/2018
A report from Barclays places a generational divide between those favouring impact investing and believes that better education and information is needed to counter misconceptions among older generations.
25/07/2018
Two French insurance companies, Macif and AG2R La Mondiale, are joining the growing number of companies that will no longer be investing in companies planning new coal-fired power plants.
24/07/2018
The Green Investment Group (formerly the Green Investment Bank and now the green energy investment business of Macquarie Group) has announced financial close on €270m of total funding for a 235 MW onshore wind farm in central Sweden at Länsterhöjden & Storflötten in the Ånge Municipality of Västernorrland.
24/07/2018
Innovation in the capital goods sector is driving a ‘low carbon industrial revolution’. Capital goods - goods such as buildings, machinery, equipment that are used in producing other goods – are undergoing rapid development, from machine autonomy to energy storage, and present an opportunity to help meet the Paris Agreement commitment to keep global warming below 2C.
24/07/2018
Hundreds of jobs are being created for victims of modern slavery in an innovative employment scheme devised by the Co-op
23/07/2018
The Department for Business, Energy and Industrial Strategy on new auctions to secure renewable energy sources will mean that the UK’s offshore wind capacity could double over the next decade.
23/07/2018
The Government’s decision not to proceed with the Welsh tidal generator scheme might have unintended benefits for a rival Scottish scheme, with Hannam Partners indicating that is preparing to invest heavily in Tidal Electric’s Solway Firth project.
23/07/2018
Vitol, the world’s largest oil trader, has partnered with renewables fund Low Carbon to invest in energy assets across Europe. The fund, VLC Renewables based in Jersey, will have an initial €200m allocation to target investments in both onshore and offshore wind and will invest in projects at various stages of the development cycle, including late-stage development, construction and operation.
20/07/2018
A study of lobbying spending in the US has found that fossil fuel companies and other ‘polluting’ companies have spent more than $2bn in attempts to influence climate change legislation in the US over the past two decades.
19/07/2018
Larger companies will need to start reporting their energy use, efficiency and CO2 emissions in annual reports from April 2019 under the Government’s new framework. The framework replaces the CRC Energy Efficiency Scheme, which has been condemned as too complex.
19/07/2018
Brexit could cause the UK to withdraw from the EU’s emissions-trading market. As one of the many levers the UK and EU continually threaten each other with, the withdraw would flood the carbon market with allowances, potentially damaging erode the deal struck by EU leaders to reduce the surplus and harden prices.
18/07/2018
Energy investment in 2017 totalled $1.8 trillion, a 2 per cent decline in real, according to the International Energy Agency (IEA) World Energy Investment 2018 Report. More than USD 750 billion went to the electricity sector while USD 715 billion was spent on oil and gas supply globally.
18/07/2018
The Irish Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, has met with the CEOs and executives from the five retail banks in Ireland to discuss progress in establishing a new banking standards board.
18/07/2018
Marks & Spencer has cut off the big six energy providers, announcing a new partnership with green challenger Octopus Energy to supply energy and services under the M&S brand from September.
18/07/2018
IFC has issued its first Sterling green bond, raising £350 million, the first green bond to be issued by a multilateral development bank in the Sterling market since 2015. The demand for socially responsible investment also appears to be growing, with UK-based investors accounting for 52 per cent of the final book.
18/07/2018
A cross-party group of 74 MPs and peers have said that new legislation will be needed to protect the environment after Brexit; and that reassuring public statements from Environment Secretary Michael Gove are of little value without it. In a letter organised by Geraint Davies MP, chair of the All Party Parliamentary Group on Air Pollution, the group say a new Clean Air Act is necessary.
13/07/2018
Gender pay equality is significantly more likely to be viewed as an important factor in pay decisions by UK employers than by global companies, according to research conducted for Willis Towers Watson. Gender pay equality is becoming a more important factor in base pay decisions for almost six out of ten UK employers (58 per cent), compared to just 23 per cent of global companies, according to WTW’s 2018 Getting Compensation Right Survey.
13/07/2018
The Republic of Ireland is set to become the first country in the world to divest all fossil fuel-linked investments. The Fossil Fuel Divestment Bill, approved with cross-party support by the lower house of the Irish legislature, the Oireachtas, commits the €8.9 billion national investment fund (the Ireland Strategic Investment Fund), to pulling out of coal, oil and gas investments “as soon as is practicable” within the next five years.
12/07/2018
Amber infrastructure Group has launched a £500 million investment fund to support energy efficiency projects in public sector organisations and small businesses across London. The Mayor’s Energy Efficiency Fund (MEEF) is being launched in collaboration with the Mayor of London, working through the European Regional Development Fund and supported by lenders including Lloyds, NatWest, Santander UK, Sumitomo Mitsui and Triodos.
11/07/18
Starbucks will start charging 5p to customers using paper cups in all 950 of its UK stores, following a successful trial in London outlets. It will also eliminate single use plastic straws from all 28,000 of its stores worldwide by 2020.
10/07/2018
The UK government’s strategy for reducing road transport carbon emissions includes a proposal for all new houses built in England to be “electric vehicle ready”. The government has announced it will consult as soon as possible on “introducing a requirement for chargepoint infrastructure for new dwellings in England where appropriate”.
09/07/2018
Donations made through Nisa’s Making a Difference Locally (MDL) charity have hit the 10,000 mark this month, following a month of donations to support local causes. Last month, 170 donations were made by Nisa retailers and via trustee donations totalling over £215,000; bringing the total number of donations since the charity’s formation to 10,079.
05/07/2018
Travelex has joined Stonewall’s Global Diversity Champions Programme and will work to progress its diversity and inclusion agenda.
05/07/2018
Amazon is collaborating with Save the Children for its annual Christmas Jumper Day. For every eligible Christmas Jumper purchased from the Christmas Jumper Store on amazon.co.uk and smile.amazon.co.uk during this period, Amazon will donate 20 per cent of the net purchase price to Save the Children.
05/07/2018
The City of London Corporation, with funding and support from the Mayor of London, Transport for London (TfL) and the Dorsett Hotel, has completed the redevelopment of Aldgate Square, which contains a new pavilion designed by Make Architects.
05/07/2018
A group of more than 100 institutional investors, managing over USD 12tr of assets, are asking companies to fully disclose how they manage their global workforce. The investor group features institutions in 11 countries including Schroders, UBS, Amundi, HSBC Asset Management, AXA Investment Managers, Legal and General IM, Nordea, Rockefeller & Co, and AustralianSuper.
05/07/2018
The Church of England Pension Board has called for investors to work with them in order to develop a new low carbon index. Speaking at the Transition Pathway Initiative (TPI) Asset Owners State of Transition Climate Summit on Monday, 4 July, Church of England Pension board investment committee chair Alan Fletcher asked investors to help build on initiatives already in place and “minimise exposure to poorly rated companies”.
04/07/2018
The high levels of executive pay and large dividends are losing UK water companies the trust of the public according to regulator Ofwat.
03/06/2018
Tesla has managed to build 5,000 Model 3 electric cars in a week, hitting a long sought after target and allowing chief executive Elon Musk to say that Tesla is now "a real car company".
03/06/2018
Several large UK local authority pension schemes have invested in an EDF Renewables wind farm portfolio in partnership with Dalmore Capital and Pensions Infrastructure Platform. The partners will take a 49 per cent minority stake, with EDF Renewables being paid £701 million for the stake.
02/07/2018
The Unfriend Coal Campaign (Unfriend Coal) has today welcomed Swiss Re’s decision to stop reinsuring businesses with over 30 per cent exposure to thermal coal, and has urged Munich Re to follow suit.
02/07/2018
US-based Federated Investors has completed its acquisition of a majority holding (60 per cent) of Hermes Investment Management, one of the pioneers of integrated ESG investing.
02/07/2018
Renewable wind now generates nearly 20 per cent of UK electricity according to new Government statistics. This makes up the bulk of the 30.1 per cent renewable energy that the UK produced in the first quarter of the year.
29/06/2018
Arup has unveiled a new solution for EV recharging points that will not block city pavements. ReCharge Parklet transforms parking bays into EV charging points and micro-park that also includes public seating, Wi-Fi and changing points.
28/06/2018
As the oil majors make the difficult journey to becoming energy providers, the latest transfer of black gold to renewable riches is the acquisition of Chargemaster by BP. Chargemaster currently operates the UK’s largest EV charging network and is the leading supplier of EV charging infrastructure, and this will help speed the transformation of BP forecourts.
28/06/2018
The Impact Investment Network (IIN) has been launched to raise investment and accredit the impact of businesses in the UK. Evolved from the Social Stock Exchange (SSX), launched by David Cameron in 2013, the network is led by Debbie Ryan, and it also hopes to create a network of likeminded businesses that share success through communications channels.
27/06/2018
The Government has decided against the Swansea Bay tidal lagoon. The decision is a blow to renewable production, but was made on evidence-based grounds of cost. The conclusion of the government’s this analysis was that the project and proposed programme of lagoons would not meet the requirements for value for money.
27/06/2018
Google’s annual diversity report released on 14 June shows slow progress has been made towards increasing diversity in its workforce. Despite inclusion initiatives, numbers reveal Google staff remains predominantly white or Asian and distinctly male.
27/06/2018
The Thera Trust has successfully closed its £5m bond offer in partnership with Triodos Bank. The charitable group of companies supports adults with a learning disability across the UK and wished to acquire or adapt freehold properties for people with a learning disability and complex needs.
26/06/2018
As ESG integration gains momentum companies are increasing the level of disclosure on their responsible investing approach. This increasing investor interest is also evidenced by the growth of sustainably invested asset volumes.
26/06/2018
Royal London has launched a range of sustainable funds for its pension customers, available to those saving through their workplace and individual pension plans.
26/06/2018
Asda, Coca-Cola GB, Costa, Co-op, Innocent, Lucozade Ribena Suntory, Marks and Spencer, Morrisons, PepsiCo and Shell have created a coalition that is, with partners Hubbub and recycling compliance scheme Ecosurety, improving recycling-on-the-go in Leeds. With ‘on street’ recycling facilities starting in September, the pilot hopes to be rolled out nationally in the near future, and the campaign will look to provide a range of interventions that organisations can install on their premises to encourage recycling.
26/06/2018
On Monday night MPs voted in favour of the controversial Heathrow expansion 415 to 119. The £14 bn project will build a third runway at the airport to be completed by the year 2026.
26/06/2018
Morrisons, the supermarket chain, has stopped the use of plastic bags for fresh produce and introduced (or re-introduced) old-style paper bags, in order to reduce its use of plastics. The retailer estimates that this move will save 150 million plastic bags are used each year.
25/06/2018
Leading retailers increasingly consider their supply chain sustainability, and the world’s largest retailer, Walmart, has just been joined by three more of the top 20 retail companies (including Tesco) in collecting data from suppliers to reduce environmental risk and cut carbon emissions.
26/06/2018
Social and Sustainable Capital (SASC) has increased its financing commitment to HCT Group, the UK’s leading community transport operator, investing a further £2m. It follows a first investment of £500,000 made in 2015, and the additional funding will be used to accelerate organic and acquisitive growth.
25/06/2018
Hermes Investment Management has appointed Ingrid Holmes and Kate Fowler in a move to expand its Responsibility Office. Leon Kamhi, head of responsibility, who leads the Responsibility Office that coordinates, develops and supports the implementation of the firm’s responsible investment and stewardship policies, commented: “At Hermes, our stewardship responsibilities are an integral element of our overall approach to responsible investment management and a crucial contributing factor to delivering strong risk-adjusted performance over the short, medium and long-term. The addition of Ingrid and Kate to our Responsibility Office reinforces our commitment to ensuring responsibility is embedded throughout our business.”
21/06/2018
Social and Sustainable Capital (SASC) has made an investment in the Gawcott Fields Community Solar Project CIC in Buckinghamshire, that will generate energy from local renewable sources and provide financial surplus to help the local community in fuel poverty.
21/06/2018
Uber has launched a yearlong pilot program providing raises to drivers using electric vehicles. Over the next 12 months Uber hopes to facilitate 5m trips with the new project. Last year the company reached 4m EV trips in the US and Canada.
21/06/2018
Insurer Ecclesiastical is helping prevent specialist trade skills disappearing. Inspired by Ecclesiastical’s insurance of Grade 1 listed buildings in the UK, the organisation has pledged £225,000 to The Prince’s Foundation over the next three years to enable 36 students to take part in the charity’s Building Craft Programme (BCP).
20/06/2018
Triodos Bank has provided financial support to Riverford to help them transfer 74 per cent of the company ownership to employees. A £3m loan along with £2m of working capital facilities has been confirmed to help fund the change.
20/06/2018
Lightsource BP, the solar energy developer 43 per cent owned by BP, has completed a major project in India. The Maharashtra project, with 200,000 LONGi Solar photovoltaic panels ground-mounted across 240 acres, is one of the first to be completed from the batch of Solar Energy Corporation India (SECI) tenders.
20/06/2018
Hermes Investment Management is opening up several ESG tools for its fund managers and engagers to use to make enhanced investment decisions and to better inform engagement activities with companies.
20/06/2018
A new database of women working in the energy sector, the Switch List, is being launched by RenewableUK. The crowd-sourced database will make it easier for those organising industry events to identify female experts, and invite them as speakers.
20/06/2018
Volvo Cars has announced plans to manufacture all new vehicles with 25 percent recycled plastics by the year 2025. Having sold over 570k of cars built with 5 percent recycled materials last year, the company aims to reduce plastic pollution with the expanded project.
19/06/2018
US telecom giant AT&T has signed a deal to source 300MW of wind energy from NextEra Energy. Building upon existing agreements with the company, the purchase totals 820MW bought by AT&T since February. It is estimated to be one of the largest corporate renewable energy acquisitions in US history.
19/06/2018
New government regulations have granted pension scheme members more power in viewing the sustainable investment activity of their accounts.
19/06/2018
In an effort to improve renewable energy storage, Siemens has begun a £1.5m pilot project testing ammonia in replace of other battery technologies.
18/06/2018
Samsung Electronics has announced its switch to 100% renewable energy in United States, China, and European markets by the year 2020. The rest of the Samsung’s global operations will then follow suit, with green sources powering its entire office buildings, factories, and other facilities.
18/06/2018
All-night long negotiations resulted in an upgraded renewable energy goal for the European Union. Previously held at 27 percent, the target has been increased to 32 percent for the year 2030.
15/06/2018
Growing demand for green investment solutions has led UBS Global Wealth Management to establish its first sustainable investing portfolio for UK clients.
15/06/2018
Clean energy developers Thrive Renewables and Aura Power have joined together to offer UK business free battery storage in exchange for a share of resulting returns.
14/06/2018
The Canada Pension Investment Board (CCPIB) has become the first pension fund in the world to issue a green bond. Valued at $1.2bn, the sale will provide CPPIB with additional funding as its holdings in the renewable energy sector increases.
14/06/2018
Macquarie has issued a £500 m loan to support green projects involving renewable energy, clean transportation, waste management, and low-carbon buildings.
14/06/2018
The 2018 edition of the BP Statistical Review of World Energy has reported that natural gas has been the largest source of energy growth, being boosted by coal-to-gas switching in China, but that renewables are continuing to gain momentum.
13/06/2018
A new energy efficiency mortgage pilot scheme has been launched by the World Green Building Council (WorldGBC) Europe in collaboration with 37 European banks. Aimed at capitalising on the EU funded Energy Efficient Mortgages Initiative, participating banks include BNP Paribas, ING Bank, Nordea Bank and Société Générale.
14/06/2018
Sky Ocean Rescue has expanded its operations to the Irish Republic. The campaign, designed to inspire people and organisations, including other businesses, to make simple, everyday changes to help save our oceans, has launched at a time when the country has shown increasing public concern at the state of the seas around it.
13/06/2018
Pressing for results ahead of schedule, the Global Climate Action Summit has challenged cities, states, and corporations around the globe to boost climate actions before the conference in September. It has requested for the transparent disclosure of carbon emissions and reduction efforts in order to hold regions accountable for meeting end goals.
06/06/2018
The Dow Chemical Company has generated over £90m in 2017 from measuring business impacts on nature. This number is three times as much money as 2016’s £30m, proving that natural capital projects are buzzing.
13/06/2018
In its latest initiative towards a greener economy, China has paved a highway curve with solar panels. The plastic-covered panels were created by one of China’s leading solar road development companies, Shandong Pavenergy.
13/06/2018
Starting this October, the City of London Corporation will run entirely on renewable energy. The organisation, which governs the financial and commercial district Square Mile, has pledged to invest in both onsite and offsite sustainable power sources.
12/06/2018
Bike rental provider Mobike has celebrated its second birthday by planting a tree for every 100km cycled on its RideForEarth event in support of Earth Day, and as a result 2,300 trees are now growing across the globe.
12/06/2018
In a campaign to increase consumer awareness, American Express has designed a new wave of credit cards produced from oceanic waste. The prototypes are made primarily of recycled marine plastic.
11/06/2018
On the road to March 2022, India has gone ahead and raised its renewable energy target from 175 to 227 gigawatts. The country is currently standing at 70 gigawatts of added energy from sustainable systems such as offshore wind farms and floating solar arrays.
11/06/2018
General Motors and Honda have teamed up once again, this time progressing battery development for all-electric vehicles. Under the agreement, next generation GM batteries will be supplied to Honda and incorporated into its EV models.
11/06/2018
Slow sustainability progress has led Legal & General Investment Management (LGIM), England’s leading asset manager, to vote out the chairmen of eight global corporations.
11/06/2018
In an effort to extend goals set by the 2015 Paris Agreement, the Norwegian financial sector has created a vision for a green economy by the year 2030. The competitive roadmap was developed by Finance Norway, the country’s association of financial institutions comprising banks, insurers, investment firms, and pension providers.
08/06/2018
IKEA has announced that it stop using all single-use plastics by 2020 as part of its ongoing commitment to sustainability, as detailed in the company’s People and Planet Positive strategy, with an end goal for IKEA to become a truly circular business. Although the plastics policy is a major part of the plan, there is a raft of commitments which will be achieved by 2030 to reduce climate impact and create a fairer society.
08/06/2018
New rules for MOT were implemented on 20 May, including updated defect categorisations, strict limits for diesel emissions, widened test scopes, and exemptions for older vehicles.
07/06/2018
New rules for MOT were implemented on 20 May, including updated defect categorisations, strict limits for diesel emissions, widened test scopes, and exemptions for older vehicles.
07/06/2018
Blueair has announced that all of its air purifiers now remove microplastics from the air. The statement follows research indicating negative effects that airborne microplastics have on human health.
07/06/2018
In the second phase of Microsoft’s Project Natick, a computer data centre has been lowered into the depths of the sea to create a faster, eco-friendly internet. Deemed possible in phase one, the submarine uses the power of tidal turbines and wave energy to hold and process data.
07/06/2018
Better Society Asset Manager of the Year 2018 award winner Social and Sustainable Capital (SASC) has brought on three new investment managers to its investment team: Toyin Ogundana, Krishna Chokshi, and Hermina Popa.
06/06/2018
A recent pay gap report at PwC has promoted the accountancy giant to ban all-male shortlist for UK jobs. Its report showed a 43.8% disparity between male and female wages, pushing the firm to modify its recruitment processes.
05/06/2018
A recent pay gap report at PwC has promoted the accountancy giant to ban all-male shortlist for UK jobs. Its report showed a 43.8% disparity between male and female wages, pushing the firm to modify its recruitment processes.
05/06/2018
Google has chosen not to continue its contract to carry out artificial intelligence work for the US Pentagon. Project Maven focuses on enhancing the interpretation of video images to improve the targeting capabilities of military drone strikes. The project’s algorithms use machine learning to further differentiate people from objects in drone videos.
05/06/2018
Following recent investigations into pension scheme investments, the Parliamentary Environmental Audit Committee (EAC) has made recommendations for factoring in environmental risks to financial decisions. The report proposes that the inclusion will make investors more aware of climate risk exposure.
04/06/2018
The Brussels Environment Minister, Céline Fremault, has proposed that all internal combustion engine (ICE) vehicles should be banned from the city by 2030, having already announced that all diesel vehicles will by the same date.
04/06/2018
Vodafone and Iron Mountain have joined RE100, targeting 100 per cent use of renewables by 2025. Vodafone, the global communications company, currently uses 13 per cent renewable electricity, so the shift will be a significant one. The company will be using power-purchase agreements and developing on-site renewable systems across its technology centres and base station sites in addition to purchasing renewable energy certificates.
04/06/2018
Congratulations to all the winners and finalists at the 2018 Better Society Awards which took place last night. For the fourth consecutive year the awards have recognised and celebrated the great strides made in creating a better world through community action, technological innovation and corporate responsibility.
01/06/2018
The OVO Foundation is to fund projects to help children from less advantaged backgrounds transition to nursery schools, providing support to their parents and teachers. With research showing that by the time children start school, there is a 19 month gap between the least advantaged children and their most affluent peers, tackling this inequality early on is key to breaking the cycle of disadvantage for young people.
01/06/2018
FTSE Russell has been busy dispelling some myths around sustainable investment, seeing an opportunity diversified across company size, geography and sector and delivering outperformance of the global equity market in a report.
01/06/2018
Congratulations to all the winners and finalists at the 2018 Better Society Awards which took place last night. For the fourth consecutive year the awards have recognised and celebrated the great strides made in creating a better world through community action, technological innovation and corporate responsibility.
25/05/2018
The Amundi Index US Corp SRI – Ucits ETF DR has been created to invest in US dollar denominated investment grade corporate bonds, applying an ESG criteria to ensure that the bonds are socially responsible.
31/05/2018
A new index, backed by a USD 5.9tr investor network, has analysed 60 global intensive farming companies on health, environmental and social issues, and found 60 per cent of meat and fish companies in the Index -worth USD 152bn - are ‘high risk’, including suppliers to McDonalds and KFC.
31/05/2018
The EC is seeking to make it easier for investors to understand sustainability and climate risk issues with the creation of a ‘green classification’ system.
31/05/2018
UK gardeners can now pick up coffee grounds that can be used to help their plants grow. The Grounds for Your Garden scheme will see used coffee to be repurposed as a natural fertiliser and help boost crop growth in collaboration with the Allotments & Gardens Council UK.
31/05/2018
As some insurance firms show leadership on climate change, and are actively managing the financial risks it poses in capital markets, nine out of ten investment strategies in the sector fail to align with the Paris Agreement goals, according to a new global report on the sector.
31/05/2018
Neighbourly, giving platform connecting charities, businesses and communities, has appointed Steve Butterworth as CEO. The appointment comes on the back of the company’s strong performance over the past three years and on the verge of delivering an international rollout strategy. Since its formation in 2015, Neighbourly’s platform has been used to pledge GBP 5.98m funds and 11,400 days; execute 7,600 projects; and donate 3m surplus meals and 5 tonnes of products.
31/05/2018
The number of electric and hybrid cars in use around the world increased by 54 per cent to pass 3 million in 2017, according to the latest edition of the International Energy Agency (IEA) Global Electric Vehicles Outlook report.
30/05/2018
Major livestock companies are threatening progress in tackling climate change by failing to manage climate risk effectively, according to a new investors’ index that studies the performance of companies in the intensive farming industries on environmental, health and social issues.
30/05/2018
Royal Bank of Scotland (RBS) has announced a move away from financing fossil fuel-based energy. The bank said it was introducing new policies for energy-related investments and financing arrangements to support its transition to a low carbon investment policy.
30/05/2018
The European Commission is proposing a ban on single-use plastics in an attempt to reduce plastic pollution in the oceans and coastline. Under the proposals, a variety of commonly used single-use plastic items would be banned, including drinking straws, cotton buds, cutlery and tableware, food containers and balloon sticks.
29/05/2018
Congratulations to all the winners and finalists at the 2018 Better Society Awards which took place last night. For the fourth consecutive year the awards have recognised and celebrated the great strides made in creating a better world through community action, technological innovation and corporate responsibility.
25/05/2018
Bloomberg New Energy Finance (BNEF) has published a report on the impact of electric vehicles (EVs) predicting that the number will reach over 1.6 million this year, from a few hundred thousand in 2014, and go on to 11 million in 2025 and then surging to 30 million in 2030.
24/05/2018
The move to greater recycling has had a rather unexpected result, in that as households wash out containers to place in the recycle bins, the additional food waste and fat is causing blockages to drainage systems.
23/05/2018
Dr Hans-Christoph Hirt, head of Hermes EOS, is highlighting the limited progress in the implementation of a value-creating strategy at the Deutsche Bank AG AGM, raising concerns about the high turnover of management and supervisory board members.
22/05/2018
PMI (Philip Morris International) has published its 2017 Sustainability Report. This is of particular interest for several reasons, one of which is that it is a ‘sin stock’ company that is undergoing change and removing itself from that label, but also because it demonstrates that companies that are making such transitions cannot reasonably be expected to do so overnight. If the direction of travel is correct, and the speed not so slow, then such change should be encouraged in building a better society.
21/05/2018
Crown Estate Scotland has unveiled proposals to lease seabed to encourage a new generation of offshore wind projects in Scotland’s waters. A paper has been published to outline the draft process and ask for feedback to help shape the final approach
21/05/2018
Bank of America has issued the largest corporate green bond, and fourth largest of any type, for USD 2.25bn, and makes Bank of America the first US financial institution to issue four corporate green bonds, raising a total of USD 4.35bn for renewable energy projects since 2013.
21/05/2018
Large commercial vehicles in the European Union will have to emit a third (30 per cent) less CO2 by 2030 under a new proposal. Currently there is no limit on the level of CO2 produced by lorries and trucks, yet produce a quarter of all road emissions.
21/05/2018
Dutch pension fund ABP is still on course with the execution of its policy for sustainable and responsible investing. At the end of 2017, ABP had around euro 50bn invested in sustainable companies and activities, which is around 12 per cent of the fund’s total assets.
21/05/2018
The National Employment Savings Trust (Nest) has backed a shareholder resolution calling for Shell to align its greenhouse gas intensity targets with the goals of Paris Agreement. With over six million members, Nest last year established a bespoke investment fund to manage the risks of climate change within its members’ portfolios, has nearly GBP 7m invested in Shell on behalf of UK workers.
21/05/2018
Volvo is to remove single-use plastics from all its offices, canteens and events across the globe by the end of 2019, replacing over 20 million single-use plastic items such as cups, food containers and cutlery with more sustainable alternatives.
21/05/2018
Matt Hancock, the Secretary of State for Digital, Culture, Media and Sport, has acknowledged the growth on ethical investment in the consumer market, and urged institutions to allow individuals greater power to support good causes through their financial arrangements.
17/05/2018
The Co-op is pioneering a new national food redistribution scheme that will donate fresh food, and other products, within use-by and best-before dates to thousands of small community groups. Called Co-op Food Share, the scheme will take products off sale earlier to get fresh food within its use-by date to charities.
17/05/2018
ClientEarth has appointed Alice Garton to lead its new Climate programme after three years of heading up the organisation’s Company & Financial Project.
17/05/2018
Danish pension fund PKA has entered into a partnership with turbine maker Vestas and Swedish utility, Vattenfall, for a 353 MW wind energy project in Sweden. It is the pension fund’s first investment in onshore wind, which will see Vestas provide 353 MW of V136-4.2 MW turbines. Vestas will become a 40 per cent shareholder through a share purchase agreement, with PKA and Vattenfall taking on 30 per cent of equity.
16/05/2018
Carillion's directors presided over a "rotten corporate culture" two committees of MPs have concluded, and have called for the break-up of the big four audit firms, all engaged at some level in the company and its demise.
16/05/2018
A new report from the Corporate Human Rights Benchmark (CHRB) underlines the importance of corporate management of human rights and reveals that there are signs of improvement - with benchmarks, civil society and investor pressure helping to create a “race to the top”.
15/05/2018
The Thames Tideway Tunnel (TTT) is being built by Bazalgette Tunnel Limited, and its associated firm Bazalgette Finance has issued GBP 175m of index-linked green bonds in order to support the design, building, commissioning, and maintenance the Tunnel in London.
14/05/2018
This is Me, the campaign to end the stigma around mental health in the workplace has gone national, having now been adopted by firms in the North West of England. This is Me grew across businesses throughout the City of London, and has now been launched in the North West by the Mayor of Greater Manchester, Andy Burnham, and there are plans to roll out the campaign across the UK.
14/05/2018
The time is approaching for many large companies to throw open tier doors in the annual AGM season, with Centrica, Cineworld, Astrazeneca and Shell all about to brave investors scrutiny. Executive pay, diversity and green issues will be near the top of many agendas, and there is a greater demand for action than before from institutional investors as well as pressure groups, and the media.
14/05/2018
Santander’s Changemaker Fund has surpassed GBP 1m in matched funding and support from the crowd for charities, social enterprises and community projects across the UK. The Changemaker Fund is open to any social enterprise, small charity or community group that helps disadvantaged people in the UK and that is seeking funds of up to GBP 20,000.
14/05/2018
The annual Sunday Times Rich List was published over the weekend, with the estimates of the wealthiest UK citizens. As annual event is has lead t the traditional political and philosophical rows in the press, but one item that has been overlooked is the amount the richest individuals give to charity.
14/05/2018
Lloyds Banking Group has launched a new GBP 2bn scheme offering discounted finance to commercial banking clients how are investing in a lower carbon operations, increasing the bank’s total lending commitment to GBP 3bn.
14/05/2018
A new report released by sustainability non-profit Ceres, 'In Sight of the Clean Trillion: Update on an Expanding Landscape of Investor Opportunities', explains the expanding and diversifying range of low-carbon investment opportunities that align with core investment fundamentals such as long-term risk diversification.
11/05/2018
Carlos Alvarado, Costa Rica’s newly elected president, has vowed to ban fossil fuels and create the world’s first fully decarbonised country.
11/05/2018
UN talks regarding implementing the Paris climate agreement have stalled, and extra time been given to help the differences still outstanding. Negotiations will now resume in September with an extra week.
11/05/2018
Lloyd's of London is telling its underwriters to stop insuring schemes related to the National Rifle Association of America (NRA).
10/05/2018
Norges Bank, the central bank of Norway has actively been pressing the companies it is engaged with to limit greenhouse gas emissions, and has revealed that it is currently supporting a shareholder resolution asking for a report reviewing energy infrastructure firm Kinder Morgan’s policies, actions and plans to measure, monitor, mitigate, disclose and set quantitative reduction targets for methane emissions from all operations.
10/05/2018
In the US, Insurance Commissioner Dave Jones has taken steps to address climate risk by conducting a climate-related financial risk stress test and analysis of insurance companies’ investments in fossil-fuels – investments totalling USD 500bn in fossil fuel-related securities and USD 10.5bn in thermal coal enterprises – and associated transition risks.
09/05/2018
The renewable energy industry created more than 500,000 new jobs globally in 2017, and the total number of people employed in renewables (including large hydropower) has now surpassed 10 million for the first time.
09/05/2018
California could be the first US state to require new built housing to solar panels, with the California Energy Commission expected to demand the installation of panels from 2020.
08/05/2018
Major UK investors including Sarasin & Partners, the Church in Wales, and Ealing, Islington and Lewisham pension funds have indicated that they will cast their votes in support of Shell becoming the first oil major to comply with the Paris climate goals at the company’s AGM.
08/05/2018
Nisa has raised the number of items that have an attached donation to them, and in the process has dramatically increased both donations and sales. The Making a Difference Locally (MADL) scheme has added wholesale sales of all branded products featured in Nisa’s consumer leaflet (which change every three week period) to the Heritage own label products that already carry a donation.
08/05/2018
Energy company OVO has unveiled a range of domestic vehicle-to-grid chargers, based around its platform VCharge, the world’s first widely available domestic bi-directional chargers. The system remotely connects and coordinates an unlimited number of small-scale household storage devices in real time, with split-second latency and no effort from consumers, allowing storage in, say electric cars, to be use to balance our energy needs in the grid.
04/05/2018
BBVA has issued a euro 1bn green bond, the largest by a eurozone financial institution. The seven year non-preferred senior green bond also makes BBVA the first Spanish bank to issue such debt instrument.
04/05/2018
EDF Renewables has purchased the Neart na Gaoithe (Strength of the Wind) wind farm project in the Firth of Forth from developer Mainstream Renewable Power, following a competitive bidding process. The wind farm will generate up to 450 MW of renewable energy, from 105km squared, and has a 15 year Contract for Difference at euro 140 (corresponding to the indexation of the tariff of GBP 114.39 that was set in 2012 prices), and grid connection agreements in place.
04/05/2018
With mirrors that cover an area of roughly 1.4 million square metres, the size of the city of Paris, a solar farm in Morocco will soon be delivering 580MW, and powering over a million homes. The farm, near the city of Ouarzazate and called Noor, an Arabic word meaning ‘light’ could transform an economy into which 97 per cent of its energy needs were being imported.
04/05/2018
Allianz is withdrawing from insuring single coal-fired power plants and coal mines in operation or planning and joining the Science Based Target Initiative (SBTi) in a commitment to the long-term development of a carbon-free economy.
04/05/2018
The battle to reduce plastic consumption will be won with a multitude of small steps, and the Royal Lancaster London in Hyde Park hotel is an example of how one initiative can yield results, with the recently renovated hotel collecting 1,250 plastic bottles from various departments over the course of two months.
03/05/2018
The Offshore Renewable Energy (ORE) Catapult has published a new assessment of the UK’s tidal energy industries, saying it could generate a net cumulative benefit to the UK of GBP 1.4bn, including considerable exports, and support 4,000 jobs by 2030.
03/05/2018
Engineering and advisory firm Xodus has signed a memorandum of understanding with Atlantis Resources to pursue ambitious tidal energy in Japan with three to eight turbines in the country.
03/05/2018
Following recent agreements to limit plastic pollution signed by companies and governments across the world, a campaign has launched to crowdfund a cost-effective, non-toxic and biodegradable new alternative to plastic bottles.
02/05/2018
Investor interest in sustainable investments has prompted a nine per cent increase in assets under management in ethical and sustainable funds in the six months to April 2018, rising to GBP 105bn.
02/05/2018
Nisa’s charity Making a Difference Locally (MADL) is partnering with the Small Charities Coalition. The initial two-year partnership will fund a full-time administrator post at the Small Charities Coalition enabling it to support, lobby for and raise the profile of more small charities across the UK.
02/05/2018
The Volkswagen AGM on 3 May will be an interesting event, with Dr Michael Viehs, associate director of responsibility of Hermes EOS’ noting that the company has many issues that Hermes feel have not been addressed or faced.
02/05/2018
The European Investment Bank (EIB) has announced plans for a new debt product in the form of a Sustainability Awareness Bond. The bond will initially focus on activities in the water sector, and then encompass activities in other areas with positive social impacts, such as health and education. Activities in the water sector were selected at first as the EIB has considerable experience and available reporting indicators allowing the bank to evaluate its financing impact on reaching several Sustainable Development Goals (SDGs) linked to this sector.
01/05/2018
Bloomberg reports that the European Union executive is set to propose spending 25 per cent of its available funds on climate related projects. The blueprint for the 2021-2027 budget will increase climate related spending from 20 per cent to 25 per cent.
01/05/2018
A coalition of nearly 100 investors with over USD 10tr of assets under management, including Amundi, Legal & General Investment Management, AXA, APG, Union Investment, Nordea, BMO Global Asset Management and Australian Super have urged listed companies to disclose information about how they manage issues such as diversity, health and safety, precarious contracts, and worker voice in their direct operations and supply chains.
01/05/2018
As part of its commitment to the UK Plastics Pact, launched last week, OPRL has signed a contract with Prep Design Pty to deliver an online interactive design tool which will enable all OPRL members to ensure they design packaging which meets the Pact’s criteria.
30/04/2018
The results of the latest German offshore wind auction included a lowest winning bid that had a euro 0 MW/h premium above the wholesale power price, and the average of the six winning prices was euro 46.6/MWh above.
30/04/2018
The UN has today invited insurance associations, initiatives, regulatory and supervisory authorities and their members to take part in the first-ever global survey on underwriting ESG risks in insurance.
27/04/2018
Starbucks has said that is experiencing a 157 per cent rise in reusable cups over the first six weeks of a three-month trial of placing a 5p paper cup charge in 35 stores across the City, West End, and west London.
27/04/2018
Over 40 companies have pledged to cut plastic pollution over the next seven years, with Procter & Gamble, Asda, Tesco, Nestlé, Coca-Cola and Marks & Spencer among those signing up to make 100 per cent of plastic packaging ready for recycling or composting by 2025.
26/04/2018
The On-Pack Recycling Label scheme has been joined by Unilever, and expanded its membership of companies attempting to engage their customers in recycling packaging, and Unilever’s decision to join will immediately expand the number of household brands using the on-pack recycling label.
26/04/2018
Morgan Stanley has announced a commitment to provide USD 250bn in low-carbon financing by 2030. Citing activity in clean-tech and renewable energy financing, sustainable bonds and other transactions that enable low-carbon solutions, Morgan Stanley says it views low-carbon financing as a ‘win-win’ for business and the environment.
26/04/2018
A group of 21 companies have written to Brexit negotiators Michel and David Davis urging them to prioritise climate and energy in the talks. The letter states: “As leading European and UK companies and investors, we recognise that climate change poses one of the greatest long-term threats to our economies and societies. We strongly urge both the UK and EU27 to commit to continuing to work together to meet the commitments set out in the Paris Agreement, in any future relationship.”
26/04/2018
EU carbon prices are set to double by 2021 and could quadruple by 2030 if the EC legislates to align the bloc’s current emissions targets with the Paris climate agreement, and this may mean that all coal plants will be unprofitable.
26/04/2018
The full extent of plastic pollution in the Arctic Ocean has been revealed by experts at the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI). The study, which took place over several Arctic expeditions from 2014, found higher quantities of microplastics in sea ice from the area than ever previously recorded. Samples of the ice were found to contain 12,000 microplastic particles per litre.
26/04/2018
Wells Fargo will provide USD 200bn in financing until 2030 to businesses and projects that support a transition to a low-carbon economy. More than half of this money will be focused on companies and projects that directly support the transition to a low-carbon economy, including clean technologies, renewable energy, green bonds, and alternative transportation, with the remainder supporting companies and projects focused on sustainable agriculture, recycling, conservation, and environmentally beneficial activities.
25/04/2018
Bob Dudley, BP CEO, has been criticised for asking Cambridge University not to drop its investments in the company. Dudley was speaking at the AIPN International Petroleum Summit in London, and made an off the cuff comment that appeared to link BP funding of the university with its investments. In what was probably an instance of verbal joking appearing sinister in print he noted: “We donate and do lots of research at Cambridge so I hope they come to their senses on this.”
25/04/2018
The number of fund managers that expect oil company valuations to drop within five years as a result of energy transition risks has nearly doubled to 89 per cent, up from 46 per cent in 2017, with a third of the asset managers say they are already seeing transition risk impact.
25/04/2018
GE Renewable Energy and Offshore Renewable Energy (ORE) Catapult have signed a five-year research and development agreement to test and develop next generation offshore wind technologies.
25/04/2018
HSBC has confirmed that it will no longer provide project finance for new tar sands and arctic drilling projects including the construction of any pipelines. The bank has also said it will no longer fund coal, apart from in Bangladesh, Indonesia and Vietnam.
23/04/2018
Caritas Internationalis (the confederation of 165 Catholic relief, development and social service organisations), three leading Catholic banks with balance sheets totalling approximately euro 7.5 bn, several dioceses, and an international coalition of Catholic institutions are announcing their divestment from fossil fuels.
23/04/2018
Michael Bloomberg is to donate USD 4.5m to cover the US commitment to the Paris climate agreement. During an interview on CBS's Face the Nation he said Bloomberg stated that he would make up the shortfall after President Trump pulled out of the Paris deal and scrapped the US share of payments.
23/04/2018
LEGO Group has been progressing its sustainability goals. In 2015 it announced its ambition to use 100 per cent sustainable materials in both its bricks and packaging by 2030, and has now announced that it will aim to use 100 per cent sustainable packaging by 2025.
23/04/2018
Global green bond issuances reached USD 30bn in the first quarter of 2018, according to Linklaters, just outstripping the previous high in Q3 2017 and increasing the value of issuance in Q1 by 9.4 per cent compared to the same point last year.
23/04/2018
AI is already having an impact on our lives, from financial services to leisure there’s AI - even if you are not aware of it. But the World Economic Forum (WEF) poses an interesting and difficult question about gender. As AI potentially has can create ‘personalities’ (remember Marvin from Hitchhikers Guide to the Galaxy?) are the physical, vocal and even behavioural elements becoming gendered? And if they are, is this an issue and why?
20/04/2018
A public opinion survey of 2,007 adults from Ecover reveals changing attitudes towards plastic usage and recycling, with a swing so strong that one in ten people couldn't be in a relationship with someone who doesn't recycle. Those who don’t recycle also cause resentment; more than a third of Britons (38 per cent) believe that people who don’t recycle are as bad as those who drop litter in the street. Even more extreme, ten per cent would even make it a criminal offence to throw recyclable material in a normal bin.
20/04/2018
The Government has announced that it will end sale of plastic straws, drink stirrers and plastic-stemmed cotton buds. At the at the start of the Commonwealth Heads of Government Summit, the Prime Minister will also call on all other Commonwealth countries to join in the fight against plastic pollution.
19/04/2018
Calvert Research and Management is taking on Hermes EOS, the stewardship and engagement unit of Hermes, to help support Calvert’s in-house corporate engagement programme, with Hermes EOS providing engagement, consultation and reporting services.
19/04/2018
Costa is pledging to recycle disposable cups by paying waste collectors to collect the cups and send them to recycling plants, estimating that at least 100 million cups can be recycled this year alone. As such it will become the first coffee chain in the UK to commit to recycling the same volume of cups it puts onto the market and to stop them ending up in landfill.
19/04/2018
The Good Exchange research into the key drivers and challenges involved in charitable giving, conducted by Censuswide Surveys, polled 201 corporate social responsibility (CSR) managers. More than three quarters (77 per cent) of respondents agreed that many more local charities and good causes are losing or seeing cuts in funding from central and local government, yet twice as much of the funding was donated to national charities as was allocated to charities operating at a local level.
18/04/2018
The United Nations believes that there is huge progress on reforming the global financial system and that it has started to deliver financing for sustainability. The final report of the UN Environment Making Waves: Aligning the Financial System with Sustainable Development highlights opportunities to align the financial system with sustainable development, as well as pathways to success.
18/04/2018
As a part of the Commonwealth Heads of Government Meeting, Energy and Clean Growth Minister Claire Perry made a speech announcing that she would ask the Committee on Climate Change for advice on the implications of the Paris Agreement on domestic UK climate targets.
18/04/2018
In a report, Advancing the Energy Transition, BP has set out its plans to help address the dual challenge of meeting the world’s increasing demand for energy, at the same time as reducing emissions of greenhouse gases.
18/04/2018
In light of UN’s E-Commerce Week Geneva and the Commonwealth Heads of Government Meeting 2018 commence, the International Chamber of Commerce (ICC) United Kingdom has made calls for a cohesive voice on digital trade from the developed and emerging markets.
17/04/2018
Legal and General Investment Managers have had a history of pressuring companies over items such as pay, diversity and sustainability. In 2017 it voted against 215 UK pay deals and has promised to vote against the reappointment of chairs of the UK's 350 biggest public companies if women don't make up at least 25 per cent of the board.
17/04/2018
Social and Sustainable Capital (SASC) has published its 2018 Impact Report highlighting record growth for its investment portfolio over the last year, with investment volumes more than doubling to just over GBP11m.
17/04/2018
According to WindEurope’s Financing and Investment Trends report, Europe invested a total of euro 51.2bn in wind energy in 2017, with the development of new farms accounting for euro 22.3bn of this. The rest of the investment went on the refinancing of existing wind farms, the acquisition of projects and of companies involved in wind and on public market fundraising.
17/04/2018
The Electrolux Group has set two targets for reducing greenhouse gas emissions, and both have been approved by the Science Based Targets initiative, making Electrolux one of the first companies to join this collaboration against climate change.
17/04/2018
M&G has launched the first fund to invest predominately in private and illiquid debt to achieve a positive social or environmental impact. In creating the Impact Financing Fund M&G has worked with Sustainalytics, an independent provider of sustainability research, in order to devise a methodology to assess and measure the impact of the fund’s investments.
16/04/2018
The Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme, in partnership with the School for Social Entrepreneurs and jointly funded by Big Lottery Fund, is now open for applications.
16/04/2018
Accounting for Sustainability (A4S), the initiative set up by HRH the Prince of Wales to encourage sustainable decision-making, has launched a circle of practice (COP) in Singapore. Nine companies have come together to launch the COP, the first in Asia, and the group will be run with support from agri-business Olam International.
16/04/2018
Sky and National Geographic have announced a joint fight against plastic litter in the world’s oceans, with National Geographic committing USD10m to bring its scientific expertise, grants and media reach to support the activities of Sky Ocean Ventures.
16/04/2018
Social risks can have a significant influence on corporate ratings, according to a new report by S&P Global. The report, linked below, identifies social risks such as strike action, demographic shifts and terrorism as determining factors in 346 corporate ratings across several industries including media, healthcare and energy. Framing these findings in terms of what they mean for potential investors, S&P’s report notes that the social factors with the most influence on corporate credit rating are human capital and safety management, citing instances in which a less than satisfactory performance in these areas has had a negative impact on companies’ credit quality.
13/04/2018
Bentley Motors is building UK’s largest ever solar-powered car port at Bentley’s factory headquarters in Crewe with 10,000 solar panels and a capacity of 2.7MW. Once completed, panels, that cover the car park, will take Bentley’s total energy system to 30,815 solar panels, the company already having 20,815 panels on its existing facilities.
13/04/2018
Nestlé has announced that it is aiming to make all of its packaging recyclable or re-usable by 2025, with Nestlé CEO Mark Schneider saying, "Plastic waste is one of the biggest sustainability issues the world is facing today. Tackling it requires a collective approach. We are committed to finding improved solutions to reduce, re-use and recycle. Our ambition is to achieve 100 per cent recyclable or reusable packaging by 2025."
13/04/2018
Nearly 20 of the world’s leading financial centres have met in Milan for the inaugural meeting of a new international network to accelerate green and sustainable finance. The network, convened by UN Environment, was launched in Casablanca in September 2017 and now has 18 members (Casablanca, Dublin, Frankfurt, Geneva, Hong Kong, Milan, Liechtenstein, London, Luxembourg, Milan, Paris, Qatar, Seoul, Shanghai, Stockholm, Toronto and Zurich).
13/04/2018
Danish pension fund PKA, with USD 46bn under asset management has said that it is excluding 35 oil and gas companies from its investment portfolio over failures to meet the goals of the Paris climate agreement.
13/04/2018
In its annual sustainability report the Allianz Group has announced that it has reached a milestone by making it standard practice to include ecological, social and governance criteria, on top of financial considerations, in all insurance premium investment decisions. This so-called ESG-Scoring is applied to all tradable assets, and Allianz asset managers Allianz Global Investors and PIMCO also considerably expanded their related ESG approaches.
13/04/2018
Pension schemes including the Church of England Pensions Board and the South Yorkshire Pension Fund have voted down Rio Tinto’s accounts in protest against the company’s links with lobby groups that obstruct climate change policy.
12/04/2018
Apple’s global facilities are now powered with 100 per cent clean energy, including its retail stores, offices, data centres and co-located facilities in 43 countries including the US, UK, China and India.
11/04/2018
It is not usual for this site to link directly to other articles, but a recent Bloomberg feature encapsulates the US sentiment in private equity, and their collective influence for good. In a wide ranging article the author, Melissa Mittelman argues that private equity can be force for good and even gives a little redemption to President Nixon for helping start the Environmental Protection Agency.
11/04/2018
Diesel car sales have fallen by over a third (37 per cent) in March compared against March 2017 according to the Society of Motor Manufacturers and Traders (SMMT). This fall follows on top of a 17 per cent decline in 2017.
11/04/2018
Iceland, the frozen food retailer, has announced that it will stop using palm oil as an ingredient in all its own label food by the end of 2018, and already palm oil has been successfully removed from 50 per cent of its own label range. Over 130 products will also have been reformulated by the end of the year, and 200 new lines introduced without palm oil, including the new summer range.
10/04/2018
Allianz has partnered with Investec Asset Management (IAM), to benefit and benefit from the growth potential of African economies in the Emerging Africa Infrastructure Fund (EAIF). With investments in renewable energy and cleaner technologies the investments will help strengthen economic development across large parts of the African continent and improve the quality of life of those living there.
10/04/2018
Waitrose has committed to removing all takeaway disposable coffee cups from its shops by autumn 2018, estimating that it will save more than 52 million cups a year. Starting with nine branches from 30 April, the retailer hopes that as the removal progresses it can learn from the changing use patterns before rolling it out across all stores in a phased programme by the autumn.
10/04/2018
Retailer Wilko has launched a brand-new charity partnership initiative: Together for Families, collaborating with Alzheimer’s Society, Save the Children and Teenage Cancer Trust to help support families when in need.
09/04/2018
Recruitment consultancy Dartmouth Partners has released a survey of 600 Generation Zeros considering their expectations and thinking – and the findings may come as a shock to traditional institutions who are perhaps under the impression the talent of tomorrow will be queuing up to join their team.
09/04/2018
Charity Bank, the loan and savings bank owned by charities and social purpose organisations, has announced that it has lent over GBP15.2m to the social sector in the first three months of 2018; more than any previous quarter in its history. Charity Bank’s record growth in the first quarter of 2018 follows three consecutive years of record lending to the social sector.
06/04/2018
Parcel carrier Yodel has announced its new charity partnership with Walking with the Wounded, the charity helping injured service men and women in their transition back to civilian life. As part of the partnership Yodel is providing a financial donation and will advise veterans on perfecting their CV and hosting interview workshops, to improve their confidence as civilian jobseekers and overall career prospects.
06/04/2018
Google has announced that in 2017 its total purchase of energy from renewable sources exceeded the amount of electricity used by the company’s operations around the world. For every kilowatt hour of electricity consumed, Google purchased a kilowatt hour of renewable energy from a wind or solar farm built specifically for Google, the first company of such size to have achieved this with the company currently contracting for 3GW of output from renewable energy projects. This makes Google is the largest corporate purchaser of renewable energy in the world.
05/04/2018
The Financial Conduct Authority (FCA) has published the latest step in its response to the concerns identified through its asset management market study, setting out to ensure fund managers compete on the value they deliver, and act in the interests of their clients.
05/04/2018
Barclays has launched the Barclays Green Home Mortgage with the novel idea of the interest rates linked to the energy efficiency of new build homes.
05/04/2018
KPMG and National Numeracy have announced that the UK’s first National Numeracy Day (16 May) and urging businesses to join them in reducing the impact of poor numeracy. KPMG employees are volunteering in schools across the UK and the company is sharing toolkits with 3,000 schools to ensure the campaign inspires as many people as possible to check their numeracy levels and, if needed, start their journey towards improving their numeracy.
04/04/2018
Friends of the Earth Netherlands has announced that it will take Shell to court if it does not act on climate change. Following US action on Exxon, Shell, usually seen a relatively better on climate issues, has been presented with a suit, with the case is supported by Friends of the Earth International.
04/04/2018
In March Portugal managed to has produce more clean energy than it used, making this the first time in recent years that renewables have exceeded the total of need. However the lack of connectivity across the continent means that it is an encouraging start rather than a journey nearing completion.
04/04/2018
Tesco has become the first retailer to reduce the sugar levels its own brand soft drinks to below five grammes of sugar per 100ml.
04/04/2018
New research indicates that two thirds (60 per cent) of consumers today would prefer their investment to ‘do good’, as opposed to investing in less impactful, lower risk options, continuing a trend that has a fifth (21 per cent) of people saying that they are more likely to invest in this type of fund now than they were five years ago.
03/04/2018
Japanese software giant SoftBank is creating a USD930m joint project in India to harness solar power with Chinese firm GCL System Integration Technology. The new project will have a final capacity of 4GW and will be implemented in two 2GW phases. The investment will come from SoftBank’s Vision Fund.
03/04/2018
Oil majors are not all the same, and as BP and Shell both attempt to diversify while admitting the issue of climate change, Exxon Mobil has taken a rather more robust approach. Indeed the company has attempted to have a lawsuit dismissed that would allow investigation by New York and Massachusetts officials into whether it misled investors and the public about its knowledge of climate change. A federal judge has, however, disagreed that the investigation is politically motivated, and will allow it to proceed.
03/04/2018
Communications agency becg, recruiter Osborne Richardson and law firm K&L Gates have sponsored the launch of a new BAME in Property group focusing on increasing ethnic diversity across the sector. Founded by Priya Shah, an account manager at becg, BAME in Property encourages both BAME and non-BAME people to promote diversity by championing their own professional activity and achievements.
29/03/2018
Banks have increased extreme fossil fuel financing in the last year, led by a more than doubling in lending to tar sands companies and pipelines, a report released today by Rainforest Action Network alleges. The report, 'Banking on Climate Change 2018', is the ninth annual report on bank policies and practices related to the financing of fossil fuel sectors, tracking and ranking 36 of the world’s biggest banks.
29/03/2018
Triodos Bank and Pennine Wealth Solutions have both received a Good Egg mark, the UK accreditation making it easier for consumers to find financial providers that use finance to benefit people and planet.
29/03/2018
Sky has announced the launch of Sky Ocean Ventures, an impact investment vehicle to invest in new ideas and businesses helping solve the issue of plastic pollution in the seas.
29/03/2018
BP has launched its Energy Outlook 2018 edition, attempting to play out scenarios of energy use up to 2040. Overall the report believes in increasing global prosperity, with all the growth in energy demand over the next 20 or 30 years comes from fast-growing developing economies and China and India will each account for around 25 per cent of that growth.
28/03/2018
Phoenix Group, the specialist consolidator of closed life and pension funds, has completed a multi-million pound renewable energy investment deal.
28/03/2018
According to the South China morning Post, The City of London has set up a green finance centre to fund sustainable development projects, with first beneficiary the Xiongan district – the site of a proposed new city.
28/03/2018
EDF is ‘ramping up its efforts’ to develop electricity storage solutions according to its press release, with the modest aim of being the European leader in the field.
28/03/2018
Charles Heymann, Louise Akers and Laura Jane Hicks are joining the Campaign Collective, the social enterprise communications firm.
27/03/2018
Greenpeace is withdrawing from the Forest Stewardship Council (FSC), the global group for certifying sustainable wood products, saying that the group is not doing enough to protect forests from exploitation.
27/03/2018
Shell has announced that it has installed a hydrogen option at Beaconsfield refuelling station, the first ‘under the canopy’ in the UK. The new hydrogen refuelling station, situated on the M40 is fully owned and operated by ITM Power.
27/03/2018
The Energy and Climate Intelligence Unit (ECIU) has published a report in the wake of renewable energy generation records being broken time and again in the UK.
27/03/2018
Julian Dunkerton, one of the co-founders of fashion business Superdry has stepped down from the running of the company to spend more time on charity work. In addition Dunkerton is pledging to give GBP1.2m worth of shares to conservation charity, The Blue Marine Foundation.
27/03/2018
The UK will stay tin the emission trading system (ETS) up to 2020 at the least, despite Brexit. Minister of State for Energy and Clean Growth Claire Perry confirmed the continuing participation in the scheme until at least the end of phase three in 2020, whilst speaking at the cross-party EU Energy and Environment Sub-Committee.
26/03/2018
An analysis published by Royal London Asset Management (RLAM) has suggested that sustainable investing can outperform the market. Based on data across the past five years from 54 FTSE 100 listed companies that have passed RLAM’s sustainable investment criteria, the return was 10.2 per cent per annum (a total return of 62.1 per cent), compared to 9.5 per cent per annum from the FTSE 100 (a total return of 57.6 per cent). The sustainable index outperformed the regular FTSE in 36 of the 60 months.
26/03/2018
A new programme aimed at supporting the growth of small to medium social ventures, Barclays Social Enterprise Scale Up UK, has been launched by Barclays, The Big Issue and Cambridge Judge Business School to help address the core challenges businesses, founders and their senior management teams face in scaling.
26/03/2018
Shell goes into its annual meeting expecting shareholder action to help persuade it away fossil fuels. Although both Shell and BP have made several moves to diversify energy supply (see earlier stories) the bulk of their business is still with fossil fuels, and both nervous shareholders and activists will be looking for more and sooner with a resolution being put forward.
26/03/2018
Sovereign nations, particularly emerging nations, are becoming major issuers in the global green bond market, according to a new report by the IFC. The report, 'Guidance for Sovereign Green Bond Issuers', focuses on lessons from Fiji’s historic move in being the first emerging economy to issue a sovereign green bond.
22/03/2018
McDonald's has announced it will partner with franchisees and suppliers to reduce greenhouse gas emissions related to McDonald's restaurants and offices by 36 per cent by 2030 from a 2015 base. Additionally, McDonald's will commit to a 31 per cent reduction in emissions intensity (per metric ton of food and packaging) across its supply chain by 2030 from 2015 levels.
22/03/2018
As predicted when the legislation was drafted, the pay reporting by gender has created a mass of data proving nothing, and possibly set-back the understanding in the gendered difference in earning. Still, it made some politicians feel good, so it did something.
22/03/2018
Vattenfall is to develop the twin Hollandse Kust Zuid offshore wind farms after being granted permission by the Dutch government. The two 350 MW wind farms, to be built by 2022, will be the world’s first to be built without public subsidy.
20/03/2018
Vodafone has announced the launch of a ground-breaking international future jobs programme ‘What will you be?’ that will provide career guidance and access to training content in the digital economy for up to 10 million young people across 18 countries.
20/03/2018
Hermes Investment Management has announced that it has established an agreement with Util, an Oxford-based fintech company, to access its proprietary holistic company valuation methodology. This provides a standardised and comparable analysis that considers a company’s social and environmental performance alongside its financial performance.
20/03/2018
The Lab, a public-private initiative that combines governments, development finance institutions, and the private sector, has reached a significant milestone with the 26 investment vehicles incubated and launched by the Lab have now mobilising over UDS1bn for sustainable development and action on climate change.
19/03/2018
Hikma Pharmaceuticals has pledged GBP200,000 to The Prince’s Trust over the next four years to help disadvantaged young people gain new skills and life changing experience in the world of work. The partnership will support young people who face multiple barriers to access education and employment opportunities in the UK.
19/03/2018
Rolls-Royce has signed a collaboration agreement with UK-based technology start-up Superdielectrics to explore the potential of using hydrophilic polymers to create high energy storage technology. The agreement will see Rolls-Royce, Superdielectrics and researchers from the Universities of Bristol and Surrey, to help create a potentially significant breakthrough in energy storage properties.
19/03/2018
FCA chief executive Andrew Bailey has made a speech on the organisations determination to change the culture of the financial services sector. Explaining the role of the FCA in the transformation, Bailey notes: “Culture is not naturally pursued by a regulator like the FCA by making rules. We would not achieve much by making a rule which said that all firms should have a good culture. I want to be clear however, and I will come back to this point, that culture in firms is influenced by the rules we make and the incentives they create, so there is a very important role for our rules, but it is not a direct prescribing of culture.”
19/03/2018
The Amundi Planet Emerging Green One (EGO) fund has been successfully launched, creating the world’s largest targeted green bond fund focused on emerging markets. The fund, which closed at USD1.42bn, is expected to deploy USD2bn into emerging markets green bonds over its lifetime, as proceeds are reinvested during seven years.
19/03/2018
The Public Accounts Committee (PAC) report published online finds that the Green Investment Bank failed to live up to original ambitions - and there is no guarantee it ever will because its green intentions are not sufficiently protected.
16/03/2018
“Everyday 53 people in Europe die an early death because of coal pollution,” a petition on WeMove.EU has stated, organised by NGOs supporting the Unfriend Coal campaign. They highlight Generali’s support for Poland’s coal industry, the most polluting in Europe, which causes an estimated 5,830 premature deaths every year including 430 in its home country Italy.
16/03/2018
Swindon Borough Council has had a green light from its planning department to build the UK’s largest standalone battery. The Council-owned Public Power Solutions is now looking for development funding for construction of the project.
15/03/2018
A new Global Green Finance Index (GGFI) has been launched by Finance Watch and Z/Yen that ranks the world’s financial centres according to perceptions of the quality and depth of their green finance offerings.
15/03/2018
The UK and Saudi Arabian governments have signed a memorandum of understanding committing them to jointly develop technologies that will reduce carbon emissions.
15/03/2018
Virgin Media is to bring ultrafast broadband to the Test and Dun Valleys as part of its first community-backed scheme, enabling up to 4,000 premises across 12 villages to access speeds up to 350Mbps.
13/03/2018
Philip Hammond used the spring statement to Tweet that single-use plastic waste ‘needs to be drastically reduced’. Falling short of proposing actual measures, the Chancellor was signalling that if reform is not forthcoming from the industry then a form of taxation might be used to remedy the situation.
13/03/2018
The world’s first listed investment fund solely for energy storage has been announced, with a proposed float in London of GBP100m. Gore Street will invest in arrays of lithium ion batteries, such as those made by Tesla, powered by renewable sources that can make energy available to the National Grid.
13/03/2018
The Financial Conduct Authority (FCA) has published a discussion paper on transforming culture in financial services as a basis for stimulating further debate on a sector that has suffered several high profile failings.
12/03/2018
Research by Rural England and Scotland’s Rural College, commissioned by Amazon, estimates that if digital tools and services were more widely adopted, they could deliver at least GBP15bn per year for the rural economy with rural microbusiness and small-sized business seeing the greatest returns.
12/03/2018
Sky has launched ‘Women in Home Service’, a paid training programme for female engineers that will offer career and development opportunities for up to 1,000 women interested in a becoming an engineer at Sky.
09/03/2018
According to the World Economic Forum (WEF), although the production and sale of electric vehicles accelerated in 2016 they may represent less of a planet saver than many think, with the charging electricity coming from a mix of sources including large portions of emissions-intensive fossil fuels.
09/03/2018
The European Commission is announcing updates to its Capital Markets Union (CMU) plan that centre on sustainability, responding to its previous report on financing a sustainable European economy.
08/03/2018
Credit Suisse has revealed plans to increase its activity in finance related climate change reduction, with issuance of its first green bond among the offerings, details of which it will announce over the coming weeks.
08/03/2018
Schneider Electric has joined the Responsible Business Alliance (RBA), a coalition 120 companies from the electronic, retail, automobile and toy industries that promotes standards in human rights, safety and security, environmental protection and business ethics.
08/03/2018
Teams managed by a balance of men and women are more successful across a range of measurements, a five-year study of 70 entities across different functions representing 50,000 managers worldwide concludes.
07/03/2018
Analysis from specialist website Carbon Brief has reported that carbon emissions from fossil fuels in the UK have fallen by 2.6 per cent in 2017, driven by a 19 per cent decline in coal use. This follows a larger 5.8 per cent drop in CO2 in 2016.
07/03/2018
Marketing and publicity hungry brewer BrewDog has made another media splash by introducing Pink IPA, a version of Punk IPA for women in a pink bottle.
07/03/2018
Open Banking is helping to transform financial services, with third party developers allowed to build applications and services around data that financial institutions have traditionally not shared.
06/03/2018
S&P Global Ratings has reviewed nearly every current green bond issued by the world's top 200 banks.
06/03/2018
The falling price of renewables has allowed the EU to consider increasing its targets for renewable energy.
06/03/2018
Spanish banking group BBVA has announced its strategy on climate change and sustainable development: Pledge 2025.
06/03/2018
Thirty-four emerging markets are becoming a driving force in climate finance, instigating banking reforms to expand sustainable lending, according to a Global Progress Report of the Sustainable Banking Network, an IFC-supported organisation of banking regulators and associations.
06/03/2018
Lego has started to produce pieces made from plant-based plastic (polyethylene) sourced from sugarcane. The material is being used to create plant-related pieces, such as leaves, bushes and trees, which will be sold within packs of Lego sold during 2018.
05/03/2018
Dutch supermarket Ekoplaza has opened a new store in which no goods are contained in plastic packaging. The decision to open the Amsterdam store was inspired in part by a campaign by UK charity A Plastic Planet seeking to reduce the amount of plastic packaging used in supermarkets.
05/03/2018
The costs of energy policy should be met on a progressive basis in line with household incomes, according to a report from the UK Energy Research Centre (UKERC). At present levies to recover the costs of energy policy, such as the renewables obligation, feed-in-tariffs and energy efficiency programmes, are applied as a percentage of household energy bills, which added about 13 per cent to average household gas and electricity bills in 2016. The researchers say this applies disproportionate costs to lower income households.
02/03/2018
As the UK shivered in the snow on what was, in theory, the first day of spring (meteorologically, if not according to tradition), the National Grid warned that the UK would not have enough gas to meet anticipated demand. The shortage would not affect homeowners, as energy suppliers buy supplies a long way in advance, but there was a possibility that large-scale users in industry could experience some interruptions to supply.
01/03/2018
Three of the UK’s biggest high street banks published gender pay gap figures this week, as more large companies continue to reveal the difference in average pay for men and women, in accordance with new legislation. As had been expected, the results were not pretty.
01/03/2018
The European Investment Bank (EIB) has approved a €52.5 million loan facility for Swedish company Northvolt, as the company seeks to build the largest battery factory in Europe, at Skelleftea in northern Sweden. The loan will be supported by the EU through the Horizon 2020 programme.
28/02/2018
Tracey Crouch, the minister for sport and civil society, has launched a public call for evidence to help create a new strategy for building a fairer society. The Civil Society Strategy will seek to harness the power of communities, charities and businesses to empower people to take action to improve the places where they live and work.
27/02/2018
UK Environment Secretary Michael Gove has launched a consultation on reform to the agricultural subsidy regime after Brexit. The government is proposing removing subsidies paid to some wealthier landowners under the EU’s Common Agriculture Policy (CAP) and attaching conditions related to environmental and public benefits to future payments. The aim will be to encourage landowners to improve environmental impact and invest in sustainable food production.
27/02/2018
Belgium has issued a $4.5 billion, 15 year sovereign green bond. It becomes the third European country to do so, following Poland, which has raised $1.75 billion in two deals in December 2016 and January 2018; and France, which raised $7 billion in 2017.
27/02/2018
More than 100 cities worldwide now get at least 70 per cent of their energy from renewable electricity sources, according to CDP (the rebranded Carbon Disclosure Project) more than double the 42 cities that did so in 2015. This group of cities includes Vancouver, Auckland, Nairobi, Dar es Salaam, Harare, Stockholm, Oslo, Brasilia, and Seattle.
27/02/2018
Starbucks is trialling a 5p per paper cup charge in 35 outlets across central and west London, to see if this will persuade customers to stop drinking from the single use cups and instead use, bring or buy reusable cups. Proceeds from the 5p charge will be donated to Hubbub, which will use the money to help fund other waste reduction initiatives elsewhere in London.
26/02/2018
The UK Government has asked energy regulator Ofgem to consult on a possible exemption for green tariffs from the cap on UK household energy bills due to come into force later this year.
26/02/2018
Indonesia, one of the world’s biggest emitters of greenhouse gases, has become the first country in Asia to sell green bonds internationally. Last week the Indonesian government sold $1.25 billion in five year green Sukuk bonds, which also conform to Islamic rules on finance. Proceeds from the green bonds will be used to finance renewable energy, green tourism and waste management projects.
23/02/2018
Increased use of electric vehicles (EVs) over the next decade will reduce demand for oil – but only over the longer term. It may cause more immediate disruption in the metals and mining sector by increasing demand for raw materials, some of which are likely to be in limited supply.
22/02/2018
Men aged over 55 working for marketing, communications and advertising microbusinesses turn out to be the happiest workers in the UK, according to research from One4all Rewards. The over 55s are the happiest age group, with an average score of 6.91 out of 10, compared to the not particularly impressive UK average of 6.81 out of ten.
22/02/2018
Insurance giant Generali Group has approved a new climate change strategy that will involve divesting €2 billion from coal and investing €3.5 billion in green investments, mainly through green bonds and green infrastructures, by 2020. It will also increase the percentage of its premium portfolio related to the renewable energy sector and extend its range of retail and SME products offering environmental value, such as those covering sustainable transport and energy efficiency.
22/02/2018
Companies in Sweden, Norway, Denmark and Finland are achieving significant progress in issuing green bonds. The four Nordic countries now issue 6.7 per cent of global cumulative green bond issue volumes and 18.5 per cent of European issuance, with Sweden consolidating its position as a leading nation in the global green bond landscape, according to a new report from not-for-profit organisation the Climate Bonds Initiative.
21/02/2018
Global energy use is set to become ever more diversified over the next two decades, featuring an increase in overall demand for energy driven in large part by growth in developing economies; strong growth in renewable energy sources; a gradual plateauing in demand for oil and a significant increase in the use of electric cars, according to the latest BP Energy Outlook report. But carbon emissions will still rise by ten per cent during the same period.
21/02/2018
IKEA and the social business Big Clean Switch have launched a joint venture to encourage households to switch to buying electricity from renewable sources. The companies claim this could help a typical UK household to save £300 per year on utility bills. The aim is to encourage a large number of households to club together and switch collectively, thus securing a better deal from suppliers.
21/02/2018
Nissan is partnering with UEFA Foundation for Children and streetfootballworld to support two charities helping young people in deprived areas of France and the UK: Sport dans la Ville and Street League. The new partnerships complement work being done by the Nissan Skills Foundation in the UK to encourage more young people to pursue careers in the design, engineering and manufacturing sectors; and to reduce the number of young people in Europe who are NEETs (aged 15 to 24 and not in education, employment or training), currently thought to number about 7 million.
19/02/2018
Virgin Trains is sending old staff uniforms to HMP Northumberland, where prisoners are recycling them into new items including blankets, bags and coats to be used by people living on the streets. The initiative has been developed by Virgin Trains and the prison, supported by environmental charity Hubbub, as part of a rehabilitation programme to reduce the chances of prisoners reoffending after their release.
19/02/2018
The University of Edinburgh has announced full divestment from fossil fuels, following a decision in May 2015 where the University committed to moving out of investment in the heaviest polluting fossil fuel companies.
15/02/2018
AT&T will purchase 520 megawatts (MW) of wind power through two agreements with subsidiaries of NextEra Energy Resources.
14/02/2018
The Rt Hon. Nicky Morgan MP, chair of the Treasury Committee, has written to 33 firms in the financial services industry that are yet to sign up to the Women in Finance Charter.
15/02/2018
A group of investors with over USD2tr of assets has backed a report that criticises the banking sector’s “skin deep” attempts to capture climate risks and opportunities.
15/02/2018
Heineken has announced its 'Drop the C' programme for renewable energy, aiming to grow its share of renewable thermal energy and electricity in production from the current level of 14 per cent to 70 per cent by 2030.
14/02/2018
Finnish giant Valio has agreed major targets for reducing salt and sugar content in its products by 2020 as part of efforts to improve public health and aid the United Nations’ Sustainable Development Goals.
14/02/2018
A coalition of 57 investors worth USD2.4tr is pushing for alternative protein sources, and has produced a report, Plant-based profits, to lay out the concept.
13/02/2018
Europe added a record 15.7 GW of new wind energy capacity in 2017, according to WindEurope’s annual onshore and offshore wind statistics.
13/02/2018
Lloyds Banking Group (LBG) has become the first FTSE 100 Company to set a target to increase the proportion of BAME employees in senior management roles.
13/02/2018
Ethically renowned consumer goods manufacturer Unilever has threatened to pull its advertising from online platforms if they do not protect children, promote hate or aid division in society.
12/02/2018
The Facebook Community Leadership Programme is a global initiative with up to USD10m in grants that will go directly to people creating and leading communities.
12/02/2018
Hubbub and Mothercare are aiming to redistribute 65,000 pieces of baby clothing to 6,500 UK families through the nationwide expansion of the Gift a Bundle scheme.
12/02/2018
Ethisphere’ World’s Most Ethical Companies has been published, identifying three UK companies as having a critical role in influencing ethical change in the business community and societies.
12/02/2018
Oxfam is to meet with the Government to defend its position and request that government funding is maintained in light of the claims of sexual misconduct by its aid workers.
12/02/2018
European insurers have invested more than €1.3bn in Polish coal companies and have signed at least 21 contracts underwriting existing operations and new developments since 2013.
09/02/2018
The CareTech Foundation, the care sector’s first independent grant-making corporate charitable foundation, has announced significant grants and collaborative support for its first three strategic partners.
09/02/2018
Councils across the country stand to benefit from a GBP40m funding boost as part of a government drive to roll out more low emission buses on the roads.
08/02/2018
The Lord Mayor of City of London, Charles Bowman, launched ‘This is Me’ 2018, a City-wide mental health campaign. Led by the Lord Mayor’s Appeal, the campaign seeks to end the stigma around mental health in the workplace and support employees to talk openly about their mental health.
08/02/2018
BP has recently been acquiring stakes in renewable and clean energy companies and this is likely to continue with CEO Bob Dudley stating the intention to build up its portfolio in environmentally sound energy and set carbon targets for its operations.
07/02/2018
Norway places a tax on every bottle that's not recycled, with the businesses concerned then working out how to recycle or pay.
07/02/2018
Following substantial growth in the labelled US green bond market in 2017, S&P Global Ratings anticipates next year will be equally impressive.
06/02/2018
100 Members of Parliament signed a pledge to #PassOnPlastic with Sky Ocean Rescue, including Environment Secretary Michael Gove and Environment Minister Dr Thérèse Coffey.
06/02/2018
The Insurance Industry Charitable Foundation UK (IICF UK), has announced that approximately GBP78,000 has been awarded to its eight chosen charities for the year ahead.
06/02/2018
The UK has created over half of the new offshore wind capacity built in Europe last year, in a period of record building across the continent.
06/02/2018
Aberdeen Standard Investments has launched UK Equity Impact – Employment Opportunities Fund, a new fund in collaboration with Big Issue Invest, the social investment arm of The Big Issue.
06/02/2018
The BEIS’s Energy and Climate Change Public Attitudes Tracker (PAT) is a survey of attitudes to the subject of energy and climate change, and a bellwether of public opinion.
05/02/2018
The Office for National Statistics (ONS) has released the final results of its 2016 Low Carbon and Renewable Energy Survey.
05/02/2018
Triodos Bank is the first bank in the UK to launch its own crowdfunding platform that allows direct investment equity or bonds issued by organisations delivering positive social and environmental impacts.
05/02/2018
IKEA has acquired 25,000 acres of forest in the US as part of a strategy to use sustainable production of resources, be that energy or raw material.
05/02/2018
Tackling corrosion issues and developing new materials in the wave, tidal and offshore wind sectors across Europe could create up to GBP72bn of supply chain opportunities by 2050, according to two new reports published today.
02/02/2018
City workers are being asked to celebrate their firms’ community and volunteering initiatives this year by wearing red for the day.
02/02/2018
The NEC Group employees have voted for Alzheimer's Research UK to become its charity of the year, with the partnership officially launching this month.
02/02/2018
Ryanair has unveiled its 2018 ‘Always Getting Better’ plan, including measures to improve customer experience as well as the environment.
01/02/2018
Stonewall has published its annual list of the best UK LGBT-inclusive employers, marking for the first time employers specifically on trans inclusivity, in addition to their work on lesbian, gay and bi inclusive policies.
01/02/2018
Bags of Help uses the money raised from carrier bag sales to fund local projects, and now Tesco has announced that it has donated over GBP43m from these sales to help fund good causes.
31/01/2018
The final report by the European Commission’s High-Level Expert Group on Sustainable Finance (HLEG) has been released, setting out the strategic recommendations for a financial system that supports sustainable investments.
31/01/2018
Good Energy has prepared a short, simple and effective presentation on climate change and fossil fuel use.
31/01/2018
In an era where there are more communication channels, the result has been who shouts loudest wins. Science and factual reporting have been the victims, with the term ‘fake news’ applied both to fabrication alongside views that do not fit a person’s narrative.
31/01/2018
Nissan will lead a GBP9.8m programme to investigate how electric vehicles can feed into the power grid with a demonstrator project.
31/01/2018
BP has released details of a project that will help the uptake of electric vehicles in the UK.
31/01/2018
Luxoft and social enterprise Stemettes are attempting to encourage young women from local London schools to pursue a career in IT.
30/01/2018
In a statement in advance of Siemens’ AGM, Dr Michael Viehs of Hermes EOS has calls for a commitment from the company to enter into a dialogue about the effects of climate change on its business model.
30/01/2018
S&P Global Ratings has issued a report that sees a strengthening green bond market fuelling a 30 per cent increase in self-labelled instruments in 2018, pushing issuance to around USD200bn for the year.
30/01/2018
PwC UK has cut its overall carbon footprint by nearly a third (29 per cent) over the past 10 years in the UK.
29/01/2018
Environmental disclosure platform CDP has named 58 companies as ‘supplier engagement’ leaders, doubling the number identified compared to last year.
29/01/2018
After an undercover reporter from the FT disclosed behaviour at a select charity fundraising event, virtually every journal has taken up the story – and rightly so as it exposes a persistently troubling issue with some sections of society.
25/01/2018
A new national scheme to provide water stations for refilling bottles could help cut plastic bottle use by tens of millions each year.
25/01/2018
Decades of prioritising economic growth over social equity has led to historically high levels of wealth and income inequality.
24/01/2018
Pessimistic perhaps, but investigation of the survival prospects of 181 countries after a climate change apocalypse places Norway in first place, thanks to its location and national resources. Neighbouring Nordic countries including Finland (third), Sweden (fourth), Denmark (sixth), and Iceland (eighth) also seem like good bets.
24/01/2018
Legal & General Investment Management (LGIM) has launched a unit trust version of its Future World Fund tracking the performance of the FTSE All-World ex CW Climate Balanced Factor Index.
24/01/2018
Social and Sustainable Capital (SASC), the UK fund manager and social enterprise, has added Philippa Charles to its investment committee.
23/01/2018
A new report from RE100 notes that progress is rapidly being made in the pursuit of renewable power, with RE100 now containing 122 members, with collective revenue of over USD2.75tr and over 159TWh of demand for renewable electricity.
23/01/2018
Shields Energy produces Building Energy Management Systems (BEMS) for smaller sites using new sensing and control technology linked via the Internet of Things (IoT).
23/01/2018
The charity representing the insurance industry has grown its board to a total of twenty members.
23/01/2018
Global Infrastructure Partners (GIP) has announced the closing of its acquisition of Equis Energy for USD5bn. Headquartered in Singapore, Equis is the largest renewable energy independent power producer in the Asia-Pacific region.
23/01/2018
A reminder that the deadline for the Awards is fast approaching – but there is still time to get your entry in. In a year that has seen great challenges, but also massive movement in responsibility for charities, the climate, investing and renewable technology now is the time to demonstrate the commitment of your organisation.
22/01/2018
The insurance industry has long held a view that climate change is creating more dramatic natural disasters, and having an impact on their business, so it is no surprise that Lloyd’s of London is to exclude coal from its investments.
22/01/2018
The International Renewable Energy Agency (IRENA) and CPI have produced a concise, accessible summary of finance flows to renewables around the world. The study examines finance flows worldwide in 2013-2016, broken down by technology, financial instrument, and region.
19/01/2018
Impax Asset Management Group has announced the completion of its acquisition of Pax World Management.
19/01/2018
ING has launched Sustainable Investments, committing EUR100m of capital for investments to support sustainable ’scale-ups’ with a proven concept and a positive environmental impact.
19/01/2018
A Dutch floating solar park will begin producing energy this year, supplying up to 600 homes.
19/01/2018
McDonald’s has announced that by 2025, all of McDonald’s packaging will come from renewable, recycled, or certified sources with a preference for Forest Stewardship Council certification.
19/01/2018
Skanska’s is to cover an office building with semi-transparent perovskite solar cells – the first such on a commercial scale.
19/01/2018
Black plastic packaging will not be used for Waitrose meat, fish, fruit and veg by end of this year, and will not sell any own label food in black plastic beyond the end of 2019.
19/01/2018
Dominic Christian, executive chairman of Aon Benfield International has been appointed chair of ClimateWise, the group of 28 insurance industry organisations facilitated by the University of Cambridge Institute for Sustainability Leadership (CISL).
18/01/2018
According to the BBC the Nationwide Building Society has said it hire Carillion staff working for it following the collapse of the outsourcing group.
18/01/2018
Carmakers are in a state of flux, attempting to keep existing customers from fleeing to newer entrants whilst also transitioning to renewable fuel sources.
18/01/2018
The EU has finally launched its strategy on plastic waste, with measures to curb plastic packaging and make all packaging recyclable or reusable by 2030.
17/01/2018
The supermarket chain Iceland has pledged to stop using plastic packing in its own brand products, in a move that will affect thousands of items.
17/01/2018
Cobalt-rich batteries are seen as a greener alternative to traditional lead-acid batteries, being smaller, lighter and holding more energy. However, the mining of cobalt raises some sustainability concerns.
17/01/2018
The Food and Drink Federation (FDF) has halved its CO2 emissions from manufacturing operations (51 per cent) in 2016 compared to the 1990 baseline.
17/01/2018
Department for Business, Energy and Industrial Strategy has brokered landmark deal with the automotive industry to further the collaborative partnership established between government and the industry.
16/01/2018
Shell has continued to diversify its interests by buying a stake in Silicon Ranch Corporation, a company that owns and operates solar plants, giving it access to solar energy with almost a half share in the company.
16/01/2018
The LEGO Group and Chinese internet provider Tencent have partnered to protect digital child safety.
15/01/2018
Solar PV costs are expected to halve again in the next two years, with onshore wind and solar projects potentially delivering electricity for under 3 US cents per kWh by 2020.
15/01/2018
Theresa May has launched a wide ranging environmental strategy including urging retailers to create "plastic-free" aisles and placing additional charges on single-use items.
11/01/2018
The 150 megawatt Aurora Solar Energy Project has secured approval for development.
11/01/2018
Some of the world’s biggest oil companies are facing legal action from New York City for contributing to global warming.
11/01/2018
IFC, a member of the World Bank Group, today announced the appointment of Stephanie von Friedeburg as chief operating officer.
11/01/2018
Consumers cope with the knowledge that products have been made unethically by forgetting they ever knew.
11/01/2018
Tesla has started the manufacture of its solar roof tiles, undertaking the surveying of houses that reserved the product last year with a deposit.
10/01/2018
Hermes Investment Management has appointed Tim Youmans as engagement director in its stewardship and engagement team, Hermes EOS.
10/01/2018
EY has awarded USD1m to the 2017 winners of its peer-based global recognition programme Better begins with you.
10/01/2018
Two former Google employees have filed lawsuits against Google claiming discrimination to themselves and others for their "perceived conservative political views, male gender and Caucasian race".
09/01/2018
Plastic microbeads have now been banned from cosmetics and personal care products in the UK.
09/01/2018
A study from Aston University forecasts diesel cars will make up 15 per cent of the UK market in 2025, a decline from a peak of half.
09/01/2018
Triodos Bank has announced new lending to the Organic Trade Board (OTB) to help it increase sales in the UK.
09/01/2018
An analysis of 29,000 ESG incidents that took place from 2014 to 2016 identifies the industries that are most involved and how analysis of these incidents can be integrated into portfolio strategy, including industry tilts, beta analysis and security selection, as well as corporate engagement processes.
09/01/2018
Juniper Research has found that smart grids linked to smart cities will result in savings of USD14Bn per annum in energy bills by 2022.
08/01/2018
With the Environmental Select Committee calling for a 25p ‘Latte Levy’ on disposable coffee cups, Starbucks is partnering Hubbub to trial a 5p cup charge in over 20 central London stores.
08/01/2018
MSCI ESG Research now projects that it will be at least 2028 before 30 per cent of the 2,541 member strong MSCI ACWI Index company board seats are filled by women.
04/01/2018
Financial services mutual OneFamily has created a new fund for charities, initially granting the Children’s Society, Muscular Dystrophy UK and the Motor Neurone Disease Association GBP40,000 each.
04/01/2018
Sky Group CEO Jeremy Darroch has become a WWF UK ambassador. Darroch led Sky’s drive to become the world’s first carbon-neutral entertainment company in 2006, and in October 2017 announced a commitment to transform Sky’s business operations by eliminating all single-use plastics from its operations, products and supply chain by 2020.
04/01/2018
Shell has signed an agreement to buy First Utility, a UK household energy and broadband provider. The move follows BP’s move to re-enter the solar market.
03/01/2018
Power to Change and Big Society Capital are launching an investment partnership to facilitate community ownership of solar farms.
02/01/2018
The National Grid has revealed that 2017 was the ‘greenest year’ so far with 13 clean energy records broken.
02/01/2018
UK environment and animal welfare charities are calling for businesses to slash wasteful packaging and a governmental commitment to measures to tackle plastic pollution.
02/01/2018
The French parliament has given its approval to a law that will ban all exploration and production of oil and natural gas by 2040.
02/01/2018
Although considered ‘clean’ electric vehicles also release particulates into the atmosphere due to tire, brake, and road abrasion. Using filters developed MANN+HUMMEL, StreetScooter delivery vehicles have been made totally emission free and ‘neutral’ to the environment.
21/12/2017
IFC, part of the World Bank Group, has launched a framework in China to encourage commercial banks to place green finance in the mainstream and channel more capital into climate-smart investments.
20/12/2017
Toyota has announced an electrified vehicle strategy that should create sales of more than 5.5 million electrified vehicles, including more than 1 million zero-emission vehicles by 2030.
20/12/2017
The Wesleyan Foundation has announced that more than £300,000 in grants has been awarded to charities and community groups in its first six months.
19/12/2017
Global demand for coal will remain flat between 2017 and 2022 according to the International Energy Agency’s annual coal market report.
19/12/2017
UK’s Offshore Renewable Energy Catapult, China’s Tus-Wind and TusPark Newcastle have signed a collaboration agreement to work together to advance offshore wind technology co-operation between the two nations.
15/12/2017
The Department for Work and Pensions (DWP) will consult on changes to the regulations that govern how pension trustees consider ESG factors in their investment decisions, as well as pension savers’ ethical concerns.
18/12/2017
The EU has committed to investments for Africa and the EU Neighbourhood countries by 2020, amounting to a minimum of euro44bn.
15/12/2017
The National Australia Bank has pledged to continue to support existing customers across the mining and energy sectors, including those with existing coal assets, but it has also pledged that it will no longer finance new thermal coal mining projects.
15/12/2017
The BNP Paribas Foundation and the Bill & Melinda Gates Foundation, in partnership with the Agropolis Foundation, and under the auspices of the French ministry of Higher education, Research and Innovation, has created the One Planet Fellowship, a USD15m 5-year programme.
15/12/2017
Barclays Corporate Banking has launched a ‘suite’ of green products, to help clients accelerate investment in the sustainable economy.
15/12/2017
A new Procter & Gamble campaign for its Pampers branch has been developed by Saatchi & Saatchi aimed at celebrating – and raising funds for – midwives.
15/12/2017
BP has announced that it will buy said a 43 per cent stake in Lightsource, a solar energy company.
15/12/2017
AXA is to quadruple its original green investment target to reach euro12bn by 2020.
14/12/2017
UN Environment and BNP Paribas have signed an agreement at the One Planet Summit to establish Sustainable Finance Facilities, aimed at raising development capital for sustainable economic growth in emerging economies.
14/12/2017
Twelve Dutch banks, insurance companies, asset managers and pension providers have developed a methodology for measuring the carbon footprint of their investments and loans.
14/12/2017
A United Nations resolution to eliminate plastic in the sea has been signed by all 193 countries.
14/12/2017
At the One Planet Summit the World Bank Group (WBG) has made a number of announcements including that it will no longer finance upstream oil and gas after 2019.
13/12/2017
In an announcement at the UN One Planet Summit, five cities have joined the International Network of Financial Centres for Sustainability.
13/12/2017
Asset owner La Caisse de dépôt et placement du Québec (CDPQ), asset managers Sarasin & Partners and Latin America-based SURA Asset Management have joined the United Nations’ Portfolio Decarbonisation Coalition (PDC).
13/12/2017
Technology company Provenance is leading a collaboration of fintech startups to test whether blockchain technology can help unlock financial incentives that improve transparency and sustainability in supply chains.
13/12/2017
Swedish pension fund KPA has joined the financial world's international climate call Task Force on Climate-related Financial Disclosures, TCFD.
13/12/2017
Schneider Electric has committed to sourcing all its energy from renewable sources and to becoming carbon neutral by 2030.
12/12/2017
Preventable Surprises, a think tank, has congratulated organisers of the Climate Action 100+ (CA100+) initiative for harnessing the ‘financial muscle’ to slow climate change.
12/12/2017
Exxon has said that it will be publishing data on climate risk and the effect that it will have on its business.
12/12/2017

Mark Evans 17/07/2017
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