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
Impact Earth is the first blockchain platform to support origination, development and management of real estate impact investments in developing countries that support the Paris Agreement and the UN Sustainability Development Goals (SDG).
11/12/2017
Hermes Impact Opportunities will be launched next year, underpinned by a ‘philosophical foundation’ to increase prosperity in society through sustainable impact investing and only investing in companies linked to at least one UN Sustainable Development Goal.
11/12/2017
Labour leader Jeremy Corbyn is the latest MP to support calls for the Parliamentary Contributory Pension Fund’s divestment from oil, coal and gas companies.
11/12/2017
Eurelectric has announced a new vision for the electricity industry across Europe that commits it to accelerating the clean energy transition.
11/12/2017
BDO Unibank (BDO), the Philippines’ largest bank, has issued its first green bond, raising USD150m and marking the first green bond issued by a commercial bank in the Philippines.
11/12/2017
CareTech Holdings, the provider of specialist social care services, has created a separate charitable foundation to deliver impact to communities in need in the UK and overseas.
08/12/2017
A limited edition Star Wars commemorative note sold out within 15 minutes of going live on eBay, raising £100,000 for Together for Short Lives on behalf of Star Wars: Force for Change.
08/12/2017
Two of the largest global investors, BlackRock and Vanguard, who have previously shown a responsible attitude to climate risk, particularly in voting at Exxon last spring, have also produced mixed voting records at other companies.
07/12/2017
Pret A Manger is to increase the discount for bringing in a reusable cup to 50p from January.
07/12/2017
Technology is coming on stream that would allow far more localised recycling, whether in the home or office, making a major step towards the UK a 100 per cent recycling economy.
07/12/2017
In the lingering aftermath of the emissions scandal, a former Volkswagen executive has received a seven years sentence and a USD400,000 fine, after admitting his role in helping the carmaker evade US clean-air laws.
07/12/2017
Hermes Investment Management has started the countdown to Christmas with a set of articles on its website – the two, covering responsible investing in emerging markets and ESG factors in credit risks, have already been revealed in a sort of ‘investment advent calendar’.
07/12/2017
The Asian Renewable Energy Hub aims to harness Western Australia’s wind and solar resources and export the renewable energy via subsea power cables to Indonesia.
06/12/2017
A life-size polar bear puppet roaming an Arctic ice floe littered with plastic bottles appeared in Central London as Greenpeace channelled Coca Cola’s Christmas advertising campaign.
06/12/2017
The Financial Conduct Authority (FCA) has confirmed the companies that are to begin testing in the third cohort of its sandbox.
06/12/2017
Sustainable development charity Raleigh International is partnering RB (formerly known as Reckitt Benckiser).
05/12/2017
A study has revealed that Nisa’s charity, Making a Difference Locally, creates a social value of GBP5.16 for every GBP1 donated.
05/12/2017
European Union with the support of the Ministry of the Environment, the Brazilian Federation of Banks (Febraban) and WWF-Brazil, brought together 22 financial institutions and 70 Brazilian and European companies at the EU-Brazil Green Business Forum event, pinpointing adequate funding as the major barrier for progress.
04/12/2017
Foresight Group has launched its FP Foresight UK Infrastructure Income Fund to invest in UK renewable energy and infrastructure.
04/12/2017
East of England Co-op will start to sell food that has gone past its ‘best before’ date.
04/12/2017
A Sussex-based company is helping businesses to recycle their old IT equipment to raise money for charity.
01/12/2017
MEPs have voted to increase efficiency and renewable energy targets.
01/12/2017
The Department for Business Innovation and Skills has published a report setting out proposals for the construction industry in 2025.
01/12/2017
Tesla’s ‘mega-battery’ has been added to the electricity grid of South Australia.
01/12/2017
Facebook has made an announcement on its Social Good Forum that it is eliminating all fees on donations made to non-profits on Facebook.
30/11/2017
The plans to meet its climate targets in South Asia could create over USD3.4tr in investment opportunities by 2030, according to the IFC.
30/11/2017
In light of the desire for investors, employees, consumers and all stakeholders to understand corporations’ position on environmental, social, and governance performance, the concept of fully integrated reports has gained momentum.
30/11/2017
The Government has set out plans to help one million more disabled people into work over the next 10 years.
30/11/2017
Kellogg's is to reduce the levels of sugar in three of its bestselling children's by the middle of 2018.
30/11/2017
Rampion Offshore Wind has generated power for the first time at the start of the switch-on for the turbines as they are brought online.
29/11/2017
Shell CEO van Beurden has updated investors on the company’s strategy, including its ambition to reduce its carbon footprint.
29/11/2017
IKEA has started construction of a 32,000 sqm store in Greenwich store designed to be both more sustainable in itself, help promote a more sustainable lifestyle it its users and aid the company’s ambitions in creating a circular economy.
29/11/2017
Climate Bonds Initiative analysis records that green bond issuance has now past USD100bn.
28/11/2017
Ellen MacArthur and Stella McCartney have co-hosted the launch of a new report 'A New Textiles Economy: Redesigning fashion's future' in London. The report, created by the Circular Fibres Initiative, calls for the fashion industry to adopt this new vision and create cross industry collaborations to achieve it.
28/11/2017
Airbus, Rolls-Royce and Siemens are developing a hybrid electric engine plane, with a demonstrator version flying by 2020, and a commercial version by 2025.
28/11/2017
OVO Foundation has expanded its Future Builders scheme to Sheffield after its success in the Bristol area.
27/11/2017
The White Paper by the Department for Business, Energy and Industrial Strategy, has put clean growth at the centre of its policy.
27/11/2017
S&P Global Ratings has assigned a green evaluation score to Spain-based Ence Energía’s euro220m debt restructure – the first green loan to be assessed since the green evaluation tool launched in April.
27/11/2017
The Insurance Industry Charitable Foundation (IICF) has announced the results of its 2017 Week of Giving, reporting a 20 per cent increase in volunteering, to a total of 10,200 insurance professionals joining together to support those in need.
24/11/2017
AXA has stated that it believes the UN Sustainable Development Goals are creating opportunities for impact investing.
23/11/2017
A new model for wellbeing has been developed in line with research into neuroscience to give a complete view of wellbeing.
23/11/2017
Zurich Insurance Group has announced that it will be doubling its impact investments and it will also set innovative new impact targets – possibly the first private-sector investor to introduce impact targets for its investment portfolio.
23/11/2017
In a wide-ranging Budget, Philip Hammond found time to address some environmental concerns, introducing measures to aid the introduction of electric cars, address issues of air quality and spread of waste plastic.
22/11/2017
Insurance Europe, the European insurance and reinsurance federation, has called on policymakers to help them do more for sustainable investment by addressing the limited supply of sustainable assets, thus helping avoid crowding out private investors from those assets and adjusting the prudential framework on insurers’ long-term investments to better reflect the risks faced.
21/11/2017
NOW: Pensions has introduced green bonds into its Diversified Growth Fund. The fund now has approximately 13 per cent of total assets under management invested in green bonds.
21/11/2017
The CDP report From Risk to Revenue, calculates that up to USD941Bn of turnover in publicly listed companies is dependent on commodities linked to deforestation (rising from up to USD906bn last year).
21/11/2017
Lloyd’s Corporation has announced it is implementing a coal exclusion policy as part of its responsible investment strategy for the Central Fund. The new policy will apply to assets held in segregated portfolios, which account for approximately 75 per cent of Central Fund investments.
20/11/2017
For World Children’s Day, Thomas Kirk Kristiansen, chairman of the LEGO Foundation and chief marketing officer of the LEGO Group Julia Goldin will be stepping aside in favour of younger candidates, in this case aged between 9 and 10.
20/11/2017
The COP 23 UN climate talks in Bonn have ended with some progress being made, but several major unresolved issues.
20/11/2017
Legal and General has announced GBP300m of long-term acquisition debt in support of Danish pension funds, PKA and PFA consortium’s £2bn purchase of half of Walney Extension - the world’s largest offshore wind farm with a capacity of 660 megawatt (MW), providing enough power for over 590,000 homes.
20/11/2017
Research from Imperial College has placed Britain seventh on a low-carbon electricity league table.
17/11/2017
Canada and the UK have entered a new alliance to lead the phase out the use of coal power by 2030.
17/11/2017
Tesla has revealed its anticipated large truck, the Semi, scheduled to go into production in 2019.
17/11/2017
Recruitment consultancy Green Park has surveyed 63 institutional investors to sound out the major recruitment issues for companies they believe will be faced in the next five years.
16/11/2017
Hermes Investment Management has published the white paper, The Low Carbon Opportunity - and the risks of missing out, considering the investment opportunities of climate change reduction.
15/11/2017
A new report provides an important case study for responsible coalitions and trade associations looking to develop common standards and self-regulatory mechanisms.
15/11/2017
Zurich has announced it will no longer insure coal projects and is divesting from existing projects.
15/11/2017
Sainsbury’s is using Formula 1 inspired aerofoil technology on fridges in the cold aisles across its stores, creating energy savings whilst also making the aisles warmer for customers.
15/11/2017
A new independent review has set out how government and financial services sector can build a culture of social impact investment in the UK.
14/11/2017
Microsoft founder Bill gates has donated USD50m to help the fight against Alzheimer’s, funding research for prevent ion and treatment.
14/11/2017
IKEA has celebrated 30 years of UK operations, revealing a sales increase of 6 per cent to GBP1.814bn alongside measures for social good.
14/11/2017
One of Britain’s most endangered insects is being rehomed by South East Water, Natural England and Buglife.
13/11/2017
Step on Board, the board level volunteering programme, is being opened up to individuals or companies who want to help up to six employees get their first trustee position.
13/11/2017
World Carbon emissions are set to increase this year, despite having been level from 2014-16 according to the Global Carbon Project.
13/11/2017
In a survey by Robert Half Management Resources, 80 per cent of CFOs said social responsibility is important and improves employee morale, networking, reputation-building, brand awareness, and recruiting and retention.
10/11/2017
Sage has launched the second round of funding from Sage Foundation’s Enterprise Fund. The fund supports the creation of either new or piloted entrepreneurial programmes to help improve the lives of military veterans, young people or women and girls in the UK.
10/11/2017
Twenty-five renewable community energy projects are sharing £300,000 of M&S’s Energy Community Energy Fund.
10/11/2017
A target of filling one third of senior leadership positions below board level with women has been extended to all FTSE 350 companies.
09/11/2017
Environmental groups including the Sierra Club have received a USD64m contribution from former New York Mayor Michael Bloomberg, to help reduce coal use and help reverse President Trump’s support of coal use.
09/11/2017
Facebook is expanding its charitable giving tools by offering more ways for people to fundraise with Personal Fundraisers.
09/11/2017
Amazon is introducing its AmazonSmile function to the UK to channel charity donations from Amazon customers.
09/11/2017
MAPFRE is to enter into a strategic partnership with French investment boutique La Financière Responsable (LFR), to bring together the latter's proprietary tools and expertise in SRI/ESG management with the Spanish insurance giant's long-term commitment to corporate social responsibility.
08/11/2017
Hermes Investment Management has released its 2018 Outlook report, with expectations that investment firms will need to further integrate ESG factors into investment decision-making. However, the company sounds a warning that despite the ‘noise’ made, progress will be slow with firms procuring greater quantities of ESG data rather than meaningfully integrating the information.
08/11/2017
The Coca-Cola Company in Western Europe and Coca-Cola European Partners have jointly launched their sustainability action plan for Western Europe 'This is Forward'.
07/11/2017
The BBC has reported that Syria is to agree to the Paris climate agreement, leaving the US isolated.
07/11/2017
The UN Climate Change Conference in Bonn has called for all parties to hold to the path of the Paris Climate Change Agreement.
07/11/2017
Fitch Ratings has outlined its approach to capturing environmental, social and governance (ESG) risk in credit ratings.
07/11/2017
FTSE 100 company Smurfit Kappa has further managed to make its sustainable packaging more environmentally friendly, reducing the chemical oxygen demand (COD) in its water discharge three years early.
07/11/2017
The International Institute for Environment and Development (IIED) has called for the UN climate talks in Bonn to have greater focus on the effects on the global poor.
06/11/2017
Renewable energy investments could exceed USD11tr by 2040 according to a report from the International Finance Corporation.
06/11/2017
HSBC has pledged to provide USD100bn in sustainable financing and investment by 2025.
06/11/2017
Ford, BMW Group, Daimler and various brands of the VW Group are to establish a high-power charging (HPC) network for long distance travel across Europe.
06/11/2017
Thomson Reuters has released its report, Global 250 Greenhouse Gas Emitters: A New Business Logic, in tandem with the UN’s emissions gap report. Both reports were released in advance of the upcoming Climate Change Conference (COP 23).
02/11/2017
A new record level of public support for onshore wind – as well as the massive level of support for offshore wind, wave and tidal energy, and renewables overall – has been revealed in the latest Government opinion poll on energy and climate change.
11/10/2017
F1 Champion Jenson Button has taken the wheel of a ’Phish & Chips’ van on a nationwide tour to warn of phishing emails and SMS phishing texts (smishing).
11/10/2017
BrewDog has made a statement on the environment by launching a new beer: Make Earth Great Again.
02/11/2017
A new report shows that climate finance flows reached a record high of USD437bn in 2015, but fell 12 per cent in 2016 to USD383bn.
02/11/2017
New research revealed how and why asset owners approach diversity and inclusion.
01/11/2017
It is now 10 years since Ford first used soybean-based foam – in the 2008 Mustang. With 18.5 million vehicles and half a trillion soybeans having been used since, Ford has announced that it has saved more than 228 million pounds of carbon dioxide from entering the atmosphere.
01/11/2017
The npower Foundation has been created by the energy provider as an independent charity to help alleviate the ‘heat or eat’ dilemma.
01/11/2017
The University of Edinburgh has transferred GBP60m of its investments into businesses that directly benefit the environment.
01/11/2017
Almost a hundred CEOs and executives slept rough in London on 30 November at Lord’s Cricket Ground, to raise awareness and funds for homelessness.
30/10/2017
A new report from Greenpeace and Oil Change International warns financiers of tar sand oil pipes that there are considerable risks to supporting the projects.
31/10/2017
The Financial Conduct Authority (FCA) has published information on the progress the organisation is making towards achieving its diversity targets.
30/10/2017
The Government’s Made Smarter Review has been released as part of its industrial Strategy announcement.
30/10/2017
Emissions in the atmosphere have hit a plateau, but this brings little relief as the concentrations of CO2 continue to rise.
30/10/2017
Rabobank and UN Environment have announced a new USD1bn facility to finance sustainable agriculture combining public and private funding.
26/10/2017
A major aspect of CDP’s second annual review of progress on corporate climate action has revealed that carbon pricing is driving a shift in investment.
26/10/2017
CDP’s second annual review tracking progress on corporate climate action has revealed that more than 1,800 companies are taking increased measures.
26/10/2017
Energy companies Drax, SSE, VPI Immingham and InterGen have collectively written to the Government asking it to extend the carbon floor price into the 2020s.
26/10/2017
Humanitarian aid charity BRAC has appointed UK agencies Eden Stanley and Johnson Banks to increase brand engagement and awareness to a programme it has pioneered to tackle extreme poverty.
26/10/2017
An independent review of the UK energy sector has called for radical changes in energy pricing to aid the move to renewables.
26/10/2017
A survey by social platform Neighbourly has found that employee volunteering (EV) results in significantly more trust in companies.
26/10/2017
Companies are allocating marginally more to aligned strategic causes, with 60 per cent increasing the resources dedicated to them.
25/10/2017
Over a third of charities don’t have ethical investment criteria in their investment policy, a survey by Brewin Dolphin has revealed.
24/10/2017
Philanthropy has traditionally been the privilege of the wealthy, but Cheryl Chapman, City of London Corporation’s Head of Philanthropy Engagement has plans to make a wider section of people donate.
24/10/2017
With Nicaragua signing the Paris climate agreement, the US and Syria are now the only remaining countries outside the accord.
24/10/2017
The 2017 Climate A List compiled by CDP records companies that are making significant efforts to cut emissions, mitigate climate risks and develop the low-carbon economy. There are 127 companies on the list including BT Group, J Sainsbury, Land Securities, Lloyds Banking Group, Lockheed Martin Corporation, Microsoft, National Grid, Philip Morris, Sky, Toyota, UBS and Unilever.
24/10/2017
Bristol has overtaken London as the UK’s leading smart city according to the second UK Smart Cities Index, commissioned by Huawei UK and conducted by Navigant Consulting.
23/10/2017
Aviva’s new campaign, created by agency bigdog, seeks to inspire local community groups to submit applications for support, and funding for causes and projects that make a real difference in their local communities.
23/10/2017
Shareholders have attached miner BHP for its “hypocritical” stance on climate policy at the company’s AGM.
23/10/2017
The arrival of the internet has allowed practical types of sharing to become common, and vehicle sharing has not only economic value, but also the ability to help reduced emissions.
19/10/2017
Oil demand has now peaked across much of the developed world, and although the demand from the developing world will rise, the global demand will recede.
18/10/2017
Shell has announced the opening of Shell Recharge, a forecourt Electric Vehicle (EV) rapid charging service that is available at a station in three locations: London, Surrey and Derby.
18/10/2017
Over half (51 per cent) of the largest 75 US companies do not acknowledge the financial risks of climate change in their annual reports, according to KPMG International's Survey of Corporate Responsibility Reporting 2017.
18/10/2017
The Costa Foundation has announced the development of a new school project in Zambia, marking the 10th country to benefit from investment as the Foundation reaches its 10th anniversary.
18/10/2017
The investment community needs to be more engaged with the UN Sustainable Development Goals according to a new report from PwC.
17/10/2017
Over a third (37 per cent) of greenhouse gas emissions reductions could be achieved using natural solutions such as planting trees.
17/10/2017
London has been voted the world's most female-friendly megacity in a Thomson Reuters Foundation survey.
17/10/2017
The Financial Conduct Authority (FCA) has launched a new asset management authorisation hub to help support new firms through the process.
16/10/2017
OVO Energy has partnered with the Prince’s Trust to launch its Get into Customer Services programme for unemployed young people.
16/10/2017
The UK National Advisory Board for Impact Investing (UK NAB) has estimated the opportunity of an additional GBP300bn in investments to address social and environmental challenges, and establish the UK as a global hub for impact investing.
16/10/2017
In a move to distance itself from the exploitation of fossil fuel, the BNP Paribas Group will no longer be doing business with companies whose principal business activity is the exploration, production, distribution, marketing or trading of oil and gas from shale and/or oil from tar sands.
13/10/2017
The Government has released its strategy for decarbonising all sectors of the UK economy throughout the next decade.
13/10/2017
Institutional Investors face significant challenges in adopting a sustainable approach, despite a majority recognising its importance.
11/10/2017
A group of eight business leaders are to spearhead action to exclude slavery from supply chains.
10/10/2017
BNY Mellon and Newton Investment Management have announced they will donate the sponsorship of the Oxford and Cambridge Boat Race to Cancer Research UK.
09/10/2017
The Castlefield Winners and Spinners report reveals ethical and sustainable funds still investing in tobacco and environmentally damaging extractive companies.
09/10/2017
The Wainwright case study library will showcase effective - and often simple - examples of how HR teams can promote and embed flexible working and therefore equality, in the workplace.
05/10/2017
Investec Private Banking has partnered with charity Create London, aiming to raise funds through both private and public initiatives
05/10/2017
Sky has made three commitments in the next phase of its Sky Ocean Rescue campaign, including the elimination of all single-use plastics from its operations, products and supply chain by 2020.
05/10/2017
BNP Paribas Asset Management has launched the Parvest Green Bond to identify investments expected to have the most positive environmental impact.
04/10/2017
Forty Catholic institutions are to divest from fossil fuel companies, citing Pope Francis’s 2015 encyclical, Laudato Si’, on Care for Our Common Home, to take steps to protect the environment.
04/10/2017
Sustainability initiative Solutions for the Planet has announced Tarmac as its first national partner for its ‘Big Ideas’ programme. The initiative engages with thousands of school pupils aged between 11 to 14 from across the country, partnering them with industry-leading businesses to come up with solutions to tackle society’s most pressing environmental and economic challenges.
04/10/2017
The City of London Corporation has donated GBP75,000 to the British Red Cross for appeals in Burma, South Asia and for those affected by Hurricane Irma and is urging City firms to join it in donating.
03/10/2017
Lyca Group, owner of the Lycamobile communications brand, has pledged to donate GBP100,000 to Alzheimer's Research UK to start its year-long charity partnership.
03/10/2017
A pilot scheme for vending machines that donate has been given the go ahead for a nationwide roll-out in retailers.
02/10/2017
According to ShareAction, the 2017 US proxy voting season has been marked by inconsistent voting of climate change issues, yet still represents a turning point.
02/10/2017
Over 20,000 British Gas staff have completed dementia awareness sessions to become Dementia Friends as the company meets its pledge with the Alzheimer's Society to become a dementia-friendly organisation
29/09/2017
Nearly a third (29.8 per cent) of all UK electricity now comes from clean sources according to official Government statistics. During the period April to June of this year renewables contributed more than before, with wind producing more than any other clean energy source. The figure beats the previous best quarterly record of 26.9 per cent set in the first quarter.
29/09/2017
A survey of over 22,000 investors across 30 countries has found that sustainable investing is on the rise across the globe.
29/09/2017
FCA executive director of supervision Megan Butler has outlined the supervisory approach to investment and asset management regulation in a wide ranging speech.
29/09/2017
Virgin Media and Scope have launched a programme aimed to helping disabled people enter the jobs market, addressing the negative attitudes and discrimination in recruitment process.
28/09/2017
The Finance Innovation Lab, a project that attempts to create a financial system that serves people and planet, has announced the appointment of six new trustees, including a new chair and treasurer.
27/09/2017
Barclays has launched a fund of funds that invests in impact investment strategies. The Barclays’ Multi-Impact Growth Fund is the first such vehicle of its kind from a major UK bank.
27/09/2017
According to a study by GRESB 88 per cent of infrastructure funds and 91 per cent of infrastructure assets collect ESG data but reporting on ESG is not yet common practice.
27/09/2017
A greater number of EU countries should issue government bonds that are sustainable as they would "probably be considered as an attractive investment with low risk" for many life and non-life insurance companies, AMICE has advised.
27/09/2017
The Debenhams Foundation has selected cancer support charity Look Good Feel Better (LGFB) as its fourth flagship charity. The Foundation already supports charitable partners which are aligned to product areas and include Help for Heroes (menswear), Breast Cancer Now (womenswear and accessories) and Children in Need (childrenswear).
27/09/2017
The government has updated its guidance and information about its support to develop a Social Impact Bond, and also its GBP80m Life Chances Fund to provide payment-by-results contracts for locally developed projects.
26/09/2017
Real estate advisor CBRE has reached its fundraising target of GBP1mfor Shelter.
26/09/2017
The National Grid has heralded the greenest summer on record with half (52 per cent) of electricity generation met by low carbon sources.
26/09/2017
Now in its fifth successive year, October Will Month raises awareness of the importance of making a Will, and Barnardo’s is partnering with QualitySolicitors network of firms in the UK so that anyone over 55 can write a simple Will for free, with Barnardo’s hoping that its association with the scheme will encourage legacies to the charity.
25/09/2017
Almost two thirds of UK employees hide an aspect of their lives at work, never revealing family and mental health issues at work.
25/09/2017
The government’s pay reporting regulations came into effect in April 2017, with large employers (250+ employees) having to disclose the size of their gender earnings gap, but so far only the Chartered Management Institute (CMI) report that only 77 of the 7,850 UK companies to which the new law applies have complied.
25/09/2017
Twelve leading investment consultants have agreed to ensure their clients are made aware of The Pensions Regulator’s (TPR) guidance that pension schemes take into account ESG factors where they are financially material. This commitment could mark a significant acceleration in the growth of long-term, sustainable, investment strategies.
25/09/2017
According to Cerulli Associates, a research firm, European funds are investing in ESG products at such a rate that they are now mainstream.
22/09/2017
City Giving Day will celebrate the success of over 200 City companies and their commitment to responsible business.
22/09/2017
Volvo Cars has been recognised by the United Nations for its electrification strategy in the latest report from the UN’s Global Compact, the world’s largest corporate sustainability initiative.
22/09/2017
Uber’s application for a new licence in London has been rejected by Transport for London.
22/09/2017
BNP Paribas Cardif is to double its green investments by 2020, with an emphasis on green bonds.
22/09/2017
Pearson and Save the Children have launched a new project to deliver education for Syrian refugees and children affected by the Syrian conflict in Jordan.
21/09/2017
Ricoh, the imaging and electronics company, is embarking on a pan-European partnership with Alzheimer’s Research UK (ARUK) the dementia research charity.
21/09/2017
Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme, in partnership with School for Social Entrepreneurs and funding from the Big Lottery Fund has unveiled its Match Trading tool, a means of grant-funding that matches pound-for-pound any increase in trading income from social enterprises.
20/09/2017
More than £600,000 has been awarded to support charitable organisations across London attempting to enter the social investment market.
20/09/2017
LEGO Group, Microsoft and Google top the 2017 Global CSR RepTrak report, with overtaking Google, which had been at the top of the ranking for three years running. In total four technology companies make the top ten.
20/09/2017
The High Court has today told the government that its new rules for environmental cases must be changed to protect those taking legal action.
19/09/2017
PwC is one of the first organisations to publicly report pay for Black, Asian and Minority Ethnic (BAME) workers as an item of its overall pay.
19/09/2017
Hedge funds run by women have outperformed other funds during the first half of the year, data from the HFRX Women index has revealed.
19/09/2017
MSCI has produced statistics based on its ESG Research’s consultation of 25 leading institutional investors and the ways in which they have responded to climate change.
19/09/2017
Income investors can implement a low-carbon strategy without sacrificing income, according to research from AXA IM Rosenberg Equities.
19/09/2017
Climate Change Minister Claire Perry is announcing a raft of measures at the start of Climate Week in New York to push green finance.
18/09/2017
Hans Hoogervorst, the chairman of the International Accounting Standards Board has urged financial reporting to evolve to ensure that IFRS Standards continue to meet the needs of market participants.
18/09/2017
Metro Bank has announced that it has provided the youth and community charity YMCA London South West, with GBP30m of funding to support the planned development and regeneration of social housing accommodation.
18/09/2017
Australian shareholders in BHP Billiton are considering a resolution concerning the potential misalignment between BHP’s stated policy on climate change and the activities of industry bodies of which it is a member.
14/09/2017
Over one hundred institutional investors have called on major banks to disclosure climate-related risks and opportunities and of how these are being managed.
14/09/2017
GRESB, an ESG report on real estate assets, has released a report following 850 property companies and real estate funds, representing 77,000 assets and over USD3.7tr in value.
13/09/2017
Broadcaster Sky has launched a year-long scheme to help women who want a career in technology, with a £25,000 bursary, communications training and mentoring, as well as access to the company’s expansive technology network.
13/09/2017
The carbon UK’s carbon intensity fell by 7.7 per cent in 2016, a faster rate of decline than China, the US and other EU countries.
13/09/2017
Goldman Sachs Bank is to purchase USD300m in home solar loans from Mosaic, a US provider of home solar financing solutions.
13/09/2017
InfluenceMap have released a report that ranks global corporations by their climate influence. Currently companies are generally judged by their direct carbon footprint, but the report highlights how constructive and obstructive lobbying by companies can have a significant impact on climate policy.
13/09/2017
C&E Advisory has created a new report revealing that as Brexit fear recede corporates and charities are investing more in partnerships with each other.
12/09/2017
Volkswagen will be introducing 80 new electric cars in its various brands (including VW, Audi, Seat and Skoda) by 2025, an increase in the previously stated target of 30, and will offer an electric alternative for all of its models by 2030.
12/09/2017
Progress is a video from CDP that informs and celebrates cities acting on the environment.
12/09/2017
Scottish firms are being invited to participate in a programme to develop and export sustainable energy products, systems and services to international markets.
12/09/2017
Members of Lloyds Banking Group have completed the ‘Fourtitude Challenge’, raising almost £3m for partner Mental Health UK.
12/09/2017
The cost of offshore wind has fallen to a point where it is now a cheaper energy alternative than nuclear.
11/09/2017
The annual Dow Jones Sustainability Indices (DJSI) review has been released, with Samsung Electronics, British American Tobacco and ASML Holding being added to the index, and well-known companies Reckitt Benckiser, BAE Systems and Rio Tinto losing their places.
11/09/2017
Mars, the food producer and pet care firm, is launching a plan to operate within ‘planetary boundaries’ and deliver a positive social impact.
08/09/2017
Asset manager Amundi, one of the founding signatories of the PRI (Principles for Responsible Investment), has been awarded its highest rating for the quality of its analysis and ESG solutions.
08/09/2017
Moody's Investors Service has released two new reports on renewable energy, linking the reduced costs and improved operating efficiencies to a surge in growth.
08/09/2017
Starbucks is in the position of having 99 per cent of its coffee ethically sourced, and will be highlighting this with a campaign that will see ‘99’ written across all its cups.
08/09/2017
Like many corporates Astellas Pharma Europe has a related charity goal, and uses employee fundraising. It has recently demonstrated how the programme can be joined to the cause by sending fundraisers to see first-hand the results.
07/09/2017
Global reinsurance company SCOR is to conduct a full divestment from companies deriving more than 30 per cent of their turnover from coal, according to latest figures.
07/09/2017
M&S has become the first major retailer to source all of its fresh milk from RSPCA Assured dairy farms. All 37 farms that supply fresh milk to the M&S and from now on all fresh milk packaging will carry the RSPCA Assured logo.
07/09/2017
A new eight stage action programme has been launched by the Building Research Establishment to support the responsible and ethical sourcing of materials, products and people. The Action Programme on Responsible and Ethical Sourcing programme, or APRES, was created in partnership with Loughborough University and presents eight pathways to best practice to combat modern slavery and unethical practices in supply chains.
06/09/2017
Dream jobs are less important to employees than ‘dream companies’, that is organisations that care about employee wellbeing, provide opportunities to learn and grow, and promote work-life balance.
05/09/2017
Forty-one per cent of people think UK businesses should be doing more for charity, and over half of them say they should be required to do so.
05/09/2017
Retailer Poundland has announced a successful fundraising campaign for its charity partner Macmillan Cancer Support.
05/09/2017
Reputational risk is a growing issue, and one might think that public relations companies would be the most sensitive to the challenges. However in a review law firm Herbert Smith Freehills has criticised Bell Pottinger for failing to curb the excess of senior management over a campaign in South Africa.
04/09/2017

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Mark Evans 17/07/2017
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