MPS have proposed that the forthcoming ban on sales of new petrol and diesel cars should be brought forward by eight years. Currently, the Government plans to ensure all new cars are zero emission by 2040, but a report by Parliament's Business Select Committee wants this cut to 2032.
19/10/2018
The recently released report and accounts from Fairtrade reveal that the organisation has now hit a high of €8.49bn of retail sales, and has increased the strength of its balance sheet. The organisation has managed to achieve this despite some high profile retailers and manufactures leaving the scheme in recent years such a Cadbury and Sainsbury's products.
19/10/2018
Not everyone has welcomed the Government’s Green GB Week. Although a raft of finance announcements and corporates pledges have ensued, Dale Vince, the founder of Ecotricity is not convinced and has spoken out against the initiative. Vince even went so far as to say that Green GB Week and should be called “Greenwash Week”.
18/10/2018
An Initiative to improve transparency and accountability in the responsible finance industry using blockchain technology has been announced by the Responsible Finance & Investment Foundation (RFI). The initiative aims to bring together financial institutions and civil society to rebuild trust in the financial industry
18/10/2018
Hyundai has unveiled its hydrogen fuel cell electric vehicle, the NEXO that takes polluted air and emits cleaned air, heat and water vapour.
18/10/2018
Delivery company DPD has opened an all-electric parcel depot in Westminster and announced plans for a further seven all-electric sites in the capital.
18/10/2018
A group of local government pension funds managing £18bn have declared their commitment to ensuring their investment strategy meets the goals of the Paris Climate agreement. They are joined by Brunel Pension Partnership, one of the new pools of the Local Government Pension Scheme.
17/10/2018
Andrew Bailey, chief executive of the FCA has reiterated the need for greater trust and ethics in financial services in a recent speech.
17/10/2018
S&P Global Ratings has released research into how multilateral lending institutions (MLIs) are playing a major role in meeting the UN’s Sustainable Development Goals, and why the further involvement of private capital is necessary.
17/10/2018
Microsoft is signing the Made by Dyslexia pledge, making the technology firm the first global company to promise to help tackle a lack of resources and training in schools and homes that can hold back children who find it difficult to read, write and do maths.
17/10/2018
Charity My Life My Say has launched a social inclusion unit (SIU) to advise business, government, and the third sector on delivering socially inclusive products and services. Supported by Mayor of London, Sadiq Khan and partnered by Plexal, an innovation hub based on the site of the former 2012 Olympic Park, its launch project will be a study into how businesses in the technology sector can deliver greater social inclusion through their phases of growth and product creation.
17/10/2018
HSBC has announced that it is planning to invest £250m from its pension scheme into UK renewable energy infrastructure, as another major commitment to the Government’s Green GB Week.
16/10/2018
Amazon is to install up to 20MW of solar and storage systems on fulfilment centre rooftops across the UK over the coming 18 months, along with signing a deal for 100 per cent renewable electricity for its buildings in the UK.
16/10/2018
The Financial Conduct Authority (FCA) has published a discussion paper on climate change and green finance. The paper sets out how climate change could have an impact upon the FCA’s statutory objectives of protecting consumers, protecting market integrity and promoting competition.
15/10/2018
Energy and Clean Growth Minister Claire Perry has written to the Committee on Climate Change (CCC) asking for advice on setting a date and methods for achieving net zero greenhouse gas emissions from across the economy, including from transport, industry and agriculture.
15/10/2018
The two brands receiving the highest praise from NGOs in the last quarter are Allianz and Swiss Re, gaining their positions due to their efforts to tackle climate change. This is the second quarter in a row that they have topped the ranking from global research and strategy consultancy Sigwatch, based on its monitoring of more than 9,000 NGOs in July through September.
15/10/2018
Nissan and EDF Energy have signed a new agreement to explore the business case for recycling retired batteries from Nissan LEAF vehicles into commercial battery storage. The system would see electricity stored in the batteries and released back to the grid using EDF Energy’s PowerShift to react quickly to demand side response (DSR) initiatives.
12/10/2018
An analysis of the UK’s power needs suggests an investment opportunity in the region of £6 billion between now and 2030 for the development of around 13GW of distributed and flexible power generation and storage assets.
12/10/2018
A survey from the Department for Business, Energy & Industrial Strategy (BEIS) has assessed the views on the green economy of young people.
12/10/2018
The Natural Capital Finance Alliance (NCFA), together with the Natural Capital Coalition and VBDO have launched a new guide to help financial institutions understand and assess their reliance on ‘natural capital’ – an umbrella term that encompasses the clean air, oceans, ecosystems and minerals that most of our goods and services depend on.
12/10/2018
Arguing against divestment in a keynote speech at the Oil & Money Conference, BP chief executive Bob Dudley has made the case for continued investment in the oil and gas as essential in meeting the challenge of providing more energy while lowering carbon emissions.
12/10/2018
The Government is considering making the reporting of ethnic pay mandatory, following the decision to make firms reveal their gender pay make up.
11/10/2018
The World Bank Group (WBG) has launched its Human Capital Index, as a measure of wealth that is more encompassing that gross domestic product (GDP) and potentially more suitable top s plant that is under environmental threat.
11/10/2018
Nationwide Building Society is launching a partnership with homelessness charity St Mungo’s to provide a consistent and compassionate response to people rough sleeping on the high street and is urging other businesses to follow suit.
10/10/2018
Liberty Specialty Markets is extending its partnership with WaterAid having concluded its three-year project in Madagascar. A part of Liberty Mutual Insurance Group, Liberty is now embarking on a second three-year project in Rwanda with the charity.
10/10/2018
The Danish government has been discussing on legislation that would oblige supermarkets and food producers to label products according to their impact on the environment and climate.
10/10/2018
Ireland has mandated six major banks as joint lead managers for a forthcoming inaugural long 12-year green bond, maturing 18 March 2031. The proceeds will be used in accordance with the Irish Sovereign Green Bond (ISGB) Framework and is expected to be launched and priced in the near future. The target market for the bond is eligible counterparties, professional clients and retail clients.
10/10/2018
The Insurance Industry Charitable Foundation has appointed new members and a new chair to the board, bringing the total number to 18. These appointments come in advance of the IICF’s Week of Giving, where thousands of industry employees come together to make a difference. Running across the UK and US, the Week of Giving returns on 13 October, empowering the insurance industry to take a leadership role in through a dedicated week of volunteer projects.
09/10/2018
A judgement in the Appeal of the State has upheld a legal order to accelerate carbon emissions cuts in the Netherlands. Judges have ordered a reduction of 25 per cent by 2020 (relative to 1990). The Dutch government now faces the delicate decision of whether to appeal to a higher court or comply, with the current administration having settled for a 17 per cent reduction.
09/10/2018
Angel investor group the Green Angel Syndicate has announced that its members are supporting Piclo (formerly Open Utility) in its latest round to finance the expansion of its energy trading software system, Piclo Flex.
09/10/2018
Multiple retailers and companies including PepsiCo, McDonald’s and Shell have joined forces to back the #LeedsByExample campaign, the UK’s biggest push to trial innovative ways to improve rates of recycling on the go. Bubble-blowing bins, recycling reward machines, art installation and recycling collection bikes will appear across Leeds to help encourage recycling.
09/10/2018
The reputation of RBS could take another decade to recover its chief executive has said. Ross McEwan has told the Press Association that whilst the bank has financially recovered from the financial crisis of 2008 (and scandals) customers are still wary of the brand. RBS is still 62 per cent owned by the taxpayer, and it is likely that repairing the image of the organisation is a pre-requisite for any attempt to sell the state-owned shares.
08/10/2018
BP is helping to turn household waste into low carbon jet fuel using chemical processes using ‘clever baked beans cans’ to transform the idea into a commercial reality.
08/10/2018
The just-released Intergovernmental Panel on Climate Change (IPCC) study has warned that global temperatures may rise by more than 1.5C with catastrophic consequences as early as 2030, and that urgent action is required to avert this.
08/10/2018
Worshipful Company of Information Technologists (WCIT) has awarded a grant of £300,000 to two charities, CALM (Campaign Against Living Miserably) and Missing People. The WCIT award panel found it impossible to separate the two charities, and as a result, the judges led by Sir Kenneth Olisa, recommended that the £600,000 grant would be split.
05/10/2018
The Green Investment Group (GIG) has published its first Progress Report following its privatisation, transfer to the Macquarie Group, and name change from the UK Green Investment Bank in 2017.
05/10/2018
Employee benefits provider MetLife UK is investing in supporting staff to manage their mental health as part of its continued commitment to employee wellbeing. MetLife, which is signing up to Time to Change’s Employer Pledge to demonstrate its commitment as an organisation, is marking World Mental Health Day with a range of activities including webinars and training and fundraising as well as wearing green ribbons supplied by the Mental Health Foundation.
04/10/2018
Langley House Trust, Autistica and Capoeira4Refugees were among the big winners at the Charity Times Awards 2018, celebrated with a packed ceremony in London last night.
04/10/2018
NGOs have released a new list of the world’s top 120 coal plant developers, and whilst renewable energy is gaining year on year, coal power is also still growing in many parts of the world. Currently, 1,380 new coal plants or units are planned or under development in 59 countries, and if built, these plants would add 672 GW to the global coal plant fleet – an increase of 33 per cent.
04/10/2018
Every UK Britvic manufacturing area (from offices to warehouses and factories) will now be powered by 100 per cent renewable electricity under a new four-year deal with provider E.ON.
04/10/2018
Rob Hattrell, VP of eBay UK, has announced a year-long partnership with the Prince’s Trust to help young entrepreneurs. With nearly half (44 per cent) of young people thinking that there will be fewer job opportunities for their generation, the partnership will attempt to help young people create their own careers.
03/10/2018
Cocoa Life, the sustainability programme of Mondelēz International has added plans to accelerate women’s empowerment across four cocoa origin countries. The company launched specific women’s empowerment action plans in Ghana and Côte d’Ivoire in 2014 and is now expanding to include two additional origin countries, Indonesia and the Dominican Republic.
03/10/2018
Robo-adviser Wealthify has conducted research indicating that over half of the UK population would prefer to use ethical financial products and 64 per cent of those said they were prepared to pay extra for socially conscious services.
03/10/2018
Uber has launched its Fund for Sustainable Mobility, committing $10m over the next three years using the Shared Mobility Principles for Livable Cities, developed by international NGOs in sustainable transportation, as a guiding principle in determining how to allocate funding.
03/10/2018
The John Lewis Partnership has announced that following a competitive pitch day for JLAB – the retail innovation programme - it has selected four businesses who can help reduce plastic waste by reusing and reducing food, liquid and postal packaging.
03/10/2018
Specialised investor EQ Positive Impact Portfolios are attempting to show that investors can make a positive impact through their investments, and for a second time has created a report in which the company shares with its latest findings.
02/10/2018
Amazon has announced that it is increasing its minimum wage to £10.50 for the London area and £9.50 for the rest of the UK for all full-time, part-time, temporary and seasonal employees, with an estimated 17,000 Amazon employees benefitting, as well as over 20,000 seasonal employees who will be hired at Amazon sites across the country over the festive season.
02/10/2018
Palladium is getting a new head as current CEO Kim Bredhauer steps aside after 18 years building the company into global programme managers and consultancies in international development. Incoming CEO Christopher Hirst, currently head of strategy and corporate development, will focus on driving efficiencies in operations and delivery of ‘positive impact’ – sustainable business solutions with both social and economic value – in over 90 countries.
02/10/2018
The Carbon Neutrality Coalition (CNC) has been formed with a group of 19 countries (including 12 EU member states) pledging to meet the Paris Agreement’s goal of achieving carbon neutrality. Canada, Denmark, Spain and the UK have now joined the initial 15 members.
28/09/2018
The World Economic Forum Sustainable Development Summit 2018 in New York had several highlights, in particular, it recognised a hundred coalitions on climate change and sustainable development, including partnerships, focused on closing the skills and gender gap, fighting disease, broadening the benefits of trade, and protecting the planet’s dwindling biodiversity.
28/09/2018
Brazilian oil company Petrobras is to pay $853m to end a corruption investigation into a bribery scheme.
28/09/2018
The World Bank Group (WBG) has instigated a £1bn programme to fast-track investments in battery storage, with the intention of helping the technology reach middle-income and developing countries.
27/09/2018
A survey of 90 per cent of the UK banking sector, representing over £11trn in assets, found that 70 per cent of banks recognise that climate change poses financial risks – meaning nearly a third are failing to either recognise the issues or act.
27/09/2018
Following an invitation from Tobacco Free Portfolios to join the Tobacco-Free Finance Pledge, the Pledge has now been officially launched with over 120 founding signatories and supporters, including financial institutions from around the world with collectively assets under management of over $6.4tr, corporate loan books of over $1.8tr, and insurance premiums of over $179bn.
27/09/2018
The Wesleyan Foundation has announced that it has now awarded more than £1m to good causes since its inception year ago. The Foundation, launched by mutual Wesleyan, has awarded the money in the form of more than 200 separate grants to charities, community groups and social enterprises across the UK.
26/09/2018
The CoalSwarm network of researchers on fossil fuels has released a report Tsunami Warning, from authors Christine Shearer, Aiqun Yu, and Ted Nace. It highlights the building of hundreds of new coal-fired power plants in China with 259 Gigawatts (GW) of new capacity under development, comparable in size the report says, to the entire US coal fleet.
26/09/2018
Palladium, which manages large-scale programmes for the Department for International Development, has purchased financial advisory firm Enclude from Triodos.
26/09/2018
Having recently signed up Exxon and Chevron, the Oil and Gas Climate Initiative (OGCI) has agreed to a target to reduce collective methane emissions from their upstream operations. The announcement was made in New York during the 10th annual Climate Week.
26/09/2018
The Lord Mayor’s Dragon Awards has held its annual Mansion House ceremony, with an array of projects that have helped London place itself as a centre of social impact. This year, in particular, the Alderman Charles Bowman, the Lord Mayor, expressed the desire that businesses should engage in rebuilding public trust following the financial crisis and introduced a new category based on a ‘citizen panel’ to define the core concepts of trust.
26/09/2018
Co-op has announced that it will end use of single-use plastic, saving around 60 million plastic carrier bags and replacing them with an environmentally-friendly alternative as part of a new ethical strategy which will tackle plastic pollution as well as food waste, healthy eating, saving energy and trading fairly.
25/09/2018
Standard Chartered has announced that as part of its efforts to combat climate change, it will cease providing financing for new coal-fired power plants anywhere in the world, following detailed consultation with a range of stakeholders.
25/09/2018
A new report ‘Breaking new ground’ predicts that a renewables-based electrification of Europe’s industrial processes, buildings and transport would allow Europe to reduce energy-related CO2 emissions by 90 per cent by 2050.
25/09/2018
Retailers, food producers, manufacturers, and hospitality and food service companies have all committed to the new industry Food Waste Reduction Roadmap; developed with IGD and WRAP.
25/09/2018
The Hidden Revolution is a new analysis of the scale of the social enterprise sector in the UK, reporting that together it makes a £60bn contribution to UK GDP, demonstrating the effectiveness of social enterprises and the lessons they can hold for the future.
24/09/2018
The IPG is a membership group for plumbing, heating and bathroom specialists with a network of 200 locations across the country and fleets of vehicles, and have now linked up with charity Missing People to help find missing children.
24/09/2018
Trustees Unlimited has appointed Sophie Livingstone as its new managing director to help drive the organisation and its Step on Board volunteering programme run in partnership with National Council for Voluntary Organisations (NCVO).
24/09/2018
VW brand Porsche has declared that it will stop making diesel and concentrate on hybrids and fully electric cars, following the emissions scandal caused by its parent company.
24/09/2018
Insurer Aviva, Index Initiative and the United Nations Foundation have announced the launch of the World Benchmarking Alliance (WBA), to develop free, publicly available benchmarks ranking companies on their contributions to achieving the SDGs.
24/09/2018
A recent study by UN Environment, The State of Knowledge of Crimes that have Serious Impacts on the Environment, lists the five most prevalent environmental crimes and calls for closer work with the private sector on the role and implications of environmental crimes for sustainable development.
21/09/2018
Lego is the most reputable company in Europe according to the Reputation Institute’s 2018 EU5 RepTrak report, based on more than ratings from 87,000 individuals across Germany, France, Spain, Italy, and the UK.
21/09/2018
Oil majors ExxonMobil and Chevron will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change.
21/09/2018
Europe’s green bond market has seen a growth of 20 per cent, even the wider debt-issuance market has dried. The green bond sales have now topped € 40bn, contrasting to a 10 per cent slowdown seen in the overall market, according to data compiled by Bloomberg. With green bonds notching up $100bn globally, assets under management at green funds in Europe have doubled since 2013.
20/09/2018
The City of London Corporation’s charitable funder, City Bridge Trust, and UBS have awarded a total of £429,240 to 12 London organisations through their fifth round of the social investment programme Stepping Stones. This brings the total awards given to £3,231,340 to 77 organisations since the launch of the fund in 2015.
20/09/2018
Willis Towers Watson has appointed Hermes Investment Management’s stewardship and engagement team, Hermes EOS, to provide voting and engagement services on the £3bn actively managed assets in the Global Equity Focus Fund.
20/09/2018
The latest edition of the UBS Investor Watch report, 'Return on Values', the largest recurring global study of high net worth (HNWIs) in the world, presents a diverse picture of attitudes and approaches on sustainable investment.
20/09/2018
The VW emissions scandal continues to send reverberations throughout the industry. Recently the company was sued by shareholders for the way in which it responded to US-led information that it was cheating test devices. Now the European Commission has said it is to investigate whether VW and other German carmakers BMW and Mercedes Benz colluded in stalling development of emissions reduction technology.
20/09/2018
This year, for the third year in a row, and with an increased share of the vote, the 2018 Barometer has placed GSK and Save the Children as the most admired partnership, with second place going to the Boots UK and Macmillan Cancer Support partnership and entering the top three for the first time was a consortium collaboration between Tesco, British Heart Foundation, Cancer Research UK and Diabetes UK.
20/09/2018
SAP has announced plans to work with partners on a ‘plastics cloud’, to collect existing and live data from across the plastics supply chain in order to help create solutions for waste reduction. Using machine learning to compile information the systems can be used to forecast trends in plastics purchasing and recycling, enabling services to meet demand. Data could also be shared with consumers to help them understand their own plastics impact.
18/07/2018
Charity Bank has been doing its bit to raise the profile of ethical banking and encouraging charities and social enterprises (who are estimated to hold over £100bn of collective investment assets) to switch to providers such as themselves with the launch of the tenth annual Follow the Money campaign.
18/09/2018
Investors managing over $5.6tr in assets have now joined a coalition of large food companies in signing a statement in support halting forest conversion in the Cerrado ecoregion of Brazil. Signed at the Global Climate Action Summit, the statement calls for companies in the soy and meat value chain to adopt effective policies to stop further deforestation of the region.
18/09/2018
For the second time in a row, Allianz has headed up the Dow Jones Sustainability Index (DJSI) as most sustainable insurer with a rating with 85 out of 100 points. In addition it has claimed the position as the best organisation in its sector for climate strategy, human capital development, information security, tax strategy and financial inclusion.
18/09/2018
A new European environmental directive that treats wood harvested directly for bioenergy use as a carbon-free fuel could ironically lead to greatly increase carbon in the air, and set a dangerous global example.
13/09/2018
Lehman Brothers, at the time the fourth largest investment bank in the US, admitted bankruptcy on 15 September 2008, becoming the defining moment that financial crisis tipped into chaos. Few will need reminding of either the event itself or the consequences.
13/09/2018
Wind energy in Europe is on track for solid growth over the next five years, growing at an average 17 GW a year up to 2022 to reach 258 GW of installed capacity. Most of the new installations will be onshore wind, accounting for 70.4 GW compared to 16.5 GW of new offshore wind.
13/09/2018
The Investor Agenda has been launched at the Global Climate Action Summit in San Francisco bringing together 392 investors with $32tr in assets collectively under management.
13/09/2018
The removal of greenhouse gases could render the UK carbon neutral by 2050, according to a joint report by the Royal Academy of Engineering and Royal Society.
12/09/2018
A key recommendation of the Green Finance Taskforce, the new Green Finance Institute was announced by the Chancellor in June 2018 as part of the vision for the future of the UK’s world-leading financial services sector.
12/09/2018
Financial think-tank Carbon Tracker has carried out an analysis on energy transition and its impact on the financial markets, concluding that the peak in fossil fuel demand will have a dramatic impact in the 2020s.
11/09/2018
Sony, RBS, WeWork and McKinsey have joined global initiative RE100. The initiative, by the Climate Group in partnership with CDP, now has more than 100 businesses committed to 100 per cent renewable electricity.
11/09/2018
The Government has published changes to how pension trustees should consider environmental, social and governance (ESG) factors in investment decisions. Under the new rules, the majority of trustees will be required to explain their approach to ESG factors, stewardship of investments, and ethical issues. Many will also have to report to scheme members on the implementation of the policies.
11/09/2018
A report from US-based Arabella Advisors reveals that nearly 1,000 institutional investors, with $6.24tr in assets, have committed to divest from fossil fuels, a rise from $52bn only four years ago.
11/09/2018
Theresa May is unveiling plans for the UK to become a world leader in low emission tech with an announcement of £106 million for research and development in green vehicles, new batteries and low carbon technology.
11/09/2018
A number of reinsurers’ policy loopholes are “keeping the coal industry afloat”, despite having the power to end coal support and support global climate action, Unfriend Coal has argued.
11/09/2018
Volkswagen has become the first carmaker to face trial over the emissions scandal; with investors seeking €9.2bn in damages over the company’s falsifying emissions data.
11/09/2018
Over 60 per cent of the world’s largest public pension funds are in danger of beaching their legal climate change duties, a new study from Asset Owners Disclosure Project (AODP) has found.
10/09/2018
Bill de Blasio, mayor of New York City and Sadiq Khan, mayor of London has issued a joint statement calling for a change in attitudes to the fossil fuel industry. Ahead of the Global Climate Action Summit in California, both mayors are calling for other cities globally to join them in divesting their assets from fossil fuel companies.
10/09/2018
The EIB has issued its first Sustainability Awareness Bond, with an initial launch of €500m. The funds raised through the bonds will be used to finance social, green and sustainable projects around the globe.
10/09/2018
Early stage venture fund Working Capital invests solutions to create ethical supply chains and combat the systemic risk of labour abuse, and has now raised an additional $2.5m from the Children's Investment Fund Foundation (CIFF) and Zalando online fashion retailer Zalando, to bring the total capital raised to $25.5m.
10/09/2018
The Evening Standard and Independent newspapers are working in partnership with War Child to raise awareness of education and mental health provisions for children affected by conflict.
10/09/2018
Luxury goods retailer Burberry suffered criticism for the practice of destroying unsold stock when it was revealed that it incinerated a total of £28.6m worth of goods last year in order to protect its brand. Despite the company’s pleas that the energy from the fires is harnessed, the ongoing row has resulted in the company making a statement that in future it will reuse, repair, donate or recycle the goods.
06/09/2018
Octopus Energy, with around 350,000 customers and acquired Affect Energy, adding another has 22,000 customers. Octopus has been growing steadily, following the partnership with M&S and adsorbing Iresa's 95,000 customers.
06/09/2018
The Walney Extension off the coast of Cumbria has opened, making it the world’s biggest operational offshore wind farm. Owned by Ørsted and its partners PKA and PFA, the farm uses technology from Vestas and Siemens with turbine blades manufactured in Hull and on the Isle of Wight.
06/09/2018
The use of personal data and widespread technology is making renewable energy a prime target for cybercrime.
06/09/2018
Social and Sustainable Capital (SASC), the fund manager and social enterprise, has appointed Mark Bickford as its director of investments. Bickford was formerly head of social investment at The FSE Group, where he ran the company’s Social Impact Accelerator Fund, providing expansion loans to social enterprises and charities.
06/09/2018
A report released today by the Chartered Quality Institute (CQI) has listed allegations against some of the world’s largest technology companies with evidence of systemic governance failures.
05/09/2018
The Society of Motor Manufacturers & Traders (SMMT) has released figures for new car registrations, with demand for hybrid and plug-in cars surging 88.7 per cent with record one in 12 buyers going electric.
05/09/2018
The Business & Human Rights Resource Centre has investigated 59 major solar, bioenergy and geothermal companies and concluded that just five meet its four basic criteria to protect communities and workers. Additionally, almost half appear to have no basic protections in place. This echoes previous analysis on the wind and hydropower sectors.
05/09/2018
Trustees Unlimited and NCVO have announced the placement of the 200th charity trustee through their board-level volunteering programme Step on Board with Hina Patel, a strategic project manager from investment firm BlackRock joining the board of children’s charity Starlight.
04/09/2018
Nisa’s Making a Difference Locally (MADL) has now raised over £10m for local communities. Since the charity’s formation in 2008, and enhanced by a new funding model whereby all branded products featured on the Nisa consumer leaflet would contribute to MADL, the total raised has reached £10.3m.
04/09/2018
Following news that Dyson is about to enter the electric car market, and with questions over the production and price point, Tesla is about to face the inevitable onslaught from traditional manufacturers.
04/09/2018
The John Lewis Partnership has added ‘& Partners’ to the John Lewis and Waitrose divisions in a change to highlight their partnership business model and culture which differentiates them from their main competitors – drawing a direct line to its impact on society and contrasting it to non-UK based and tax-avoiding competitors (also see the CBI story).
04/09/2018
According to a study carried out by the Confederation of British Industry (CBI) the British public want businesses to be more outspoken on societal issues, including digital privacy to diversity.
04/09/2018
Mirabaud Asset Management has announced that Hamid Amoura is joining as the head of ESG to help ensure the firm continues to integrate ESG principles in its investment processes, driving best practice and making it a cornerstone across all the investment teams.
03/09/2018
The World Bank has priced a SEK (Swedish Krona) 1bn 7-year bond, the first in a series of sustainable development bonds issued to raise awareness for the critical role of water and ocean resources.
03/09/2018
Welsh local government pension funds could be acting unlawfully by investing in fracking companies. With over £600m investment in overseas fracking operations, protestors believe that such investments are contrary to the Wellbeing of Future Generations Act.
03/09/2018
The UK SRI market is on a tipping point of growth and set to increase by 173 per cent to be worth £48bn by 2027.
31/08/2108
A report published by City, University of London has analysed data from almost 52,000 employees across 38 different European countries and concluded that too much work and too little relaxation can damage your career prospects and damage your health. In short, hard work will not always yield rewards.
31/08/2108
Tobacco Free Portfolios is inviting organisations to join the Tobacco-Free Finance Pledge to accelerate progress toward a tobacco-free future. Developed in collaboration with UN Environment’s Finance Initiative (UNEP FI), UN Environment’s Principles for Sustainable Insurance Initiative (PSI), the UN-supported Principles for Responsible Investment (PRI), AXA, BNP Paribas, and Natixis, the launch event is also being co-sponsored by the French and Australian Governments and will take place at the United Nations Headquarters.
31/08/2018
Hubbub has literally launched a PET project – a boat made from plastic waste. The concept, funded equally by the Starbucks’ 5p paper cup charge and super sewer builders Tideway, the boat utilises an advanced recycled material called Plaswood.
31/08/2018
Dyson is readying itself for the launch of an electric car with a planned 10-mile test track in Wiltshire. The company is building the track and other related facilities at former RAF base at Hullavington in the build-up to producing a new electric car from 2021.
30/08/2018
Following its inaugural Green Bond in 2017, energy company SSE has issued its second green bond, a nine-year €650m bond maturing September 2025, maintaining SSE as the largest issuer of green bonds from the UK corporate sector.
30/08/2018
Uber has been busy diversifying its transport offerings pointing to a potentially greener network of mobility options. Uber now plans to focus more on electric scooter and bikes and less on cars in an attempt to capture a slice of the future.
29/08/2018
The UK’s spending is to be openly linked to benefits for the UK, in a move that shifts such aid from charitable giving and ‘soft power’ to a more immediate alignment of interests and mutual benefit.
29/08/2018
Analysis of voting trends over the 2018 AGM season revealed that shareholder rebellions have risen by over a quarter. The analysis, undertaken by the Investment Association, shows that 120 FTSE All-Share companies were added to the Public Register, which tracks significant shareholder dissent (over 20 per cent), compared to 110 companies in 2017.
29/08/2018
A £1 million Digital Skills Innovation Fund is being launched by the Government to help underrepresented groups gain digital skills and an additional £400,000 will be offered to help older and disabled people.
28/08/2018
Swedish data provider EV-volumes.com believes that the European plug-in vehicle fleet is now over 1 million and is estimating that 2018 will see a total 430 000 plug-ins delivered in Europe, bringing the total to for all EU and EFTA countries 1.4 million by the year end.
28/08/2018
A fourth biomass generating unit has been switched on by Drax Group– taking its Selby power station in North Yorkshire a step closer to achieving coal-free ambitions. This conversion was instigated as part of a planned maintenance programme and follows the upgrading of three coal units to use biomass.
24/08/2018
The SR2000 floating turbine has generated more electricity in its first year than Scotland’s wave and tidal sector did together in the previous twelve years. At 63m long the massive machine uses submerged rotors to convert tidal energy off Orkney into electricity.
23/08/2018
Sadiq Khan, the Mayor of London, is asking the Government to maintain subsidies for household solar power following its decision to let the incentives expire next March, and has written to Claire Perry, the energy minister, to reconsider the stance on the end of feed-in tariffs (FITs). Khan has been a long-time supporter of solar energy and placed it at the centre of his energy policy.
23/08/2018
Halogen lightbulbs, once seen as more energy efficient, are now to be banned across Europe from 1 September in favour of LED technologies. Those stocks remaining will still be sold, and some exceptions (such as oven lights) will be made, but with current LED technology five times as efficient the end result should be a saving of 15m tonnes of carbon emissions a year, and added environmental benefits in manufacturing as LED bulbs last up to ten times as long as halogen bulbs.
23/08/2018
The results of a survey by uSwitch.com show that green energy is gaining acceptance, and becoming cheaper than conventional tariffs. This has been attributed to renewable electricity and bio-gas being more plentiful and cheaper leading to competitive pricing and a greater choice of eco-tariffs as more challenger brands seek to differentiate themselves by promoting their environmentally-friendly credentials. Here an eco-traffic is defined as for every unit of electricity used the same amount is produced and put back into the grid from a renewable source such as wind or solar power, with some tariffs also sourcing some of their gas from renewable sources.
23/08/2018
The Green Investment Group (GIG) has acquired the Conergy solar portfolio in Asia to complement its existing wind, waste-to-energy and disruptive green energy technologies. The portfolio includes solar development assets in the Asia Pacific region, commercial, technical and energy storage capabilities, and an asset monitoring centre.
22/08/2018
BP has released its yearly report on global energy markets with BP’s chief economist Spencer Dale succinctly putting forward a picture of worrying trends and a few rays of hope. Dale summarises the picture: “Growth in overall energy demand was far stronger in 2017 – in part because gains in energy efficiency were down. Coal consumption grew for the first time in four years. At the same time, there was very strong growth in renewables and natural gas.”
22/08/2018
Six countries including Canada and the UK are preparing to conduct carbon trades in an effort to free up to $4 billion to help slow climate change.
21/08/2018
Electrolux has announced it is investing in Swedish headquarter company Karma, that helps reduce food waste by selling unsold food to consumers. The investment is part of a wider $12 million round with other investors. Electrolux and Karma are also initiating a strategic partnership to explore common solutions in reducing food waste by combining Electrolux’s expertise within appliances and food preservation with Karma’s digital platform and expertise within the sharing economy.
21/08/2018
New research reveals a growing acknowledgement amongst insurance brokers of the importance of contributing positively to society, with charitable giving the most popular way of achieving this goal. The study, conducted by specialist insurer Ecclesiastical, suggests that, for the first time, UK brokers are making a significant contribution to their communities, responding to a growing consumer demand for a more responsible approach to business.
15/08/18
Cyber defence company Darktrace, is joining WISE, a social enterprise promoting science, technology, engineering and mathematics (STEM), to help inspire more girls to consider STEM careers and increase their awareness of future roles available in technology.
14/08/2018
Pension schemes are being warned they are at risk of legal action being taken against them if they fail to develop their approach to climate risk in line with improving data and market practices.
14/08/2018
Insurance Europe has welcomed the European Commission’s consultation on its proposed InvestEU programme, which aims to bring together various EU financial instruments and expand the Investment Plan for Europe.
13/o8/2018
Retailer Aldi has built on earlier endeavours and has now announced that it will be carbon neutral by the end of next year in its UK operations.
10/08/2018
Of 48 major global cities analysed on their levels of air pollution, light pollution and noise pollution, Cairo heads the list as the most contaminated city on earth.
10/08/2018
Green bonds had their second highest quarter, managing to reach $47 billion according to SEB, the Swedish commercial bank. But the good news is offset by global political uncertainty and potential interest rate rises that SEB sees as damping issuance in the immediate near future.
09/08/2018
In light of recent reports that recycling programmes are often ending up in a landfill, here or aboard, there has been a call to consider chemical recycling.
09/08/2018
The European Insurance and Occupational Pensions Authority (EIOPA) has become a member of the Sustainable Insurance Forum (SIF), a network of insurance supervisors and regulators from around the world working together on sustainability challenges facing the insurance sector.
09/08/2018
Stroud Brewery has launched a bond offering with sustainable bank Triodos to develop a new brewery and bar opening this autumn, showing a diversity of what sustainable finance can mean.
08/08/18
Spearheaded by Apple, Akamai, Etsy and Swiss Re have announced an agreement to develop two new wind and solar energy farms in Illinois and Virginia. The new projects should generate 290 megawatts, with the group purchasing 125 megawatts from a wind farm near Chicago and 165 megawatts from a solar PV project outside Fredericksburg, Virginia, which will be delivered to the electric grid.
08/08/18
There is now over a terawatt of wind and PV solar power, according to Bloomberg New Energy Finance (BNEF), with 54 per cent wind and 46 per cent solar contributions.
07/08/2018
Entrepreneurs are selling plastic carrier bags outside of supermarkets and convenience stores or 2p, undercutting the 5p price in-store and creating more plastic waste.
07/08/2018
Munich Re has announced that it will stop offering insurance for new coal-fired power plants and mines in industrialised countries, while also ceasing investment in shares and bonds of coal companies that generate more than 30 per cent of their revenues in the coal sector.
07/08/2018
Three insurance firms could be facing fines after ClientEarth reported them to the Financial Conduct Authority (FCA) for failure to disclose climate risks in their annual reports.
06/08/2018
Kraft Heinz will be increasing its use of recycled materials and setting its environmental targets on science-based emissions reduction targets and will announce these new science-based goals when their current commitments expire in 2020.
06/08/2018
Social and Sustainable Capital (SASC) has invested £1.1 million in responsible lender, Five Lamps. The investment is part of a £5 million deal over six years, and SASC is one of nine investors that will help mobilise over £60 million of lending, enabling Five Lamps to offer over 100,000 affordable personal loans under its Conduit brand, through a dedicated subsidiary called Five Lamps Trading.
06/08/2018
Lloyd’s Banking Group has announced that it will stop funding coal-related projects and will stop extending finance to new clients whose revenues predominantly come from coal power plants and mines.
06/08/2018
VINCI, the largest construction company in the world by revenue, and its VINCI UK Foundation are stepping up attempts to help tackle social exclusion, foster community integration and improve access to employment and housing.
02/08/2018
An online waste collection service and app have been launched in response to the trend of reduced waste collection services across the country and the increased demand by consumers, with the service allowing consumers to pick a day and time that suits them for their waste to be collected from their home.
02/08/2018
Capita has had a hard ride recently, and as part of its plan to revitalise its operations, the company has promised to appoint up to two staff members to the board.
02/08/2018
Mercedes Benz has announced Europe’s first automotive Power Purchase Agreement (PPA) and will buy electricity generated at a Polish 45MW wind farm to power its manufacturing facility in Jawor, 10km away.
02/08/2018
The CareTech Foundation, an independent grant-making corporate charitable foundation, has announced that the Care Workers Charity (CWC) will benefit from one of its three-year, strategic partnerships for care workers.
02/08/2018
Raw averages fail to tell you anything really, but MPs are now suggesting that any organisation with more than 50 employees should publish average pay rates for male and female employees.
02/08/2018
"Insurers have always had a particular interest in sustainable capital investments as their business model is based on long-term protection from risks, but economy and ecology cannot be mutually exclusive within this model," German trade body GDV executive committee member and chairman Jörg von Fürstenwerth has argued.
01/08/2018
James’s Place has decided to reallocate its £277m ethical fund, meaning that Standard Life Aberdeen will be losing the mandate to manage the fund.
01/08/2018
Octopus Energy will take on failing provider Iresa’s customers, further growing the user base following its recent partnership with Marks and Spencer.
01/08/2018
The Government proposal for waste companies to pay a tax per tonne of plastic burned is based on the idea that such costs would encourage them to invest in new plastic recycling technologies.
31/07/2018
The FCA has said that it will take no action against Royal Bank of Scotland (RBS) over alleged mistreatment of small business customers pushed into bankruptcy so that the bank’s Global Restructuring Group (GRG) unit could then strip the client’s assets.
31/07/2018
The potential for a widespread distribution of energy has gathered pace. As homeowners have adopted (mainly) solar power that can feed into the Grid, energy has become less of a centralised commodity, but it is with the arrival of effective domestic electricity storage that real change can be realised, opening up the options of total self-sufficiency or even the future prospect of peer-to-peer energy retailing.
30/07/2018
To demonstrate that environmental considerations can be made in any sector, League Two side Forest Green Rovers has scored a world’s first in being recognised as a United Nations certified carbon neutral football club, after signing up to the UNFCCC Climate Neutral Now initiative for the upcoming season.
30/07/2018
Insurance companies top a ranking of corporates receiving most praise from NGOs for their leadership on environmental issues, human and animal rights.
26/07/2018
Starbucks is rolling out a 5p per paper cup charge across all of its 950 stores in the UK following a successful trial in 35 London stores. The London trial, which saw a 126 per cent increase in the use of reusable cups, was carried out over a three-month trial and evaluated by Hubbub.
26/07/2018
Coca-Cola European Partners (CCEP) is working UK Youth on a new programme to equip young people with employability skills and confidence to transition into work.
26/07/2018
The Government’s latest annual energy statistics demonstrate a growing use of renewable energy as it takes a central role in mainstream supply.
26/07/2018
Global energy company Gussing Renewable Energy (GRE) International has announced its first green bond launch. Founded in Austria in 2009, GRE an owner and operator of plants and supplier of gasification technology that turns biomass and debris of any kind into energy.
25/07/2018
Whilst a peak in carbon emissions is vital by 2020, a stable and steep decline through 2050 to net-zero emissions will also be a necessity, and 2050 is now becoming a focus. Because the investment implications of achieving decarbonisation from 2050 are less clear, a change of focus from 2020 to 2050 might change the priorities for investment today.
25/07/2018
Sky Ocean Ventures has made investments in two businesses that might help reduce the use of single-use plastic. Choose Water aims to make a replacement for the single-use plastic water bottle, and Skipping Rocks Lab is a start-up pioneering the use of natural materials extracted from plants and seaweed to replace plastic packaging.
25/07/2018
A report from Barclays places a generational divide between those favouring impact investing and believes that better education and information is needed to counter misconceptions among older generations.
25/07/2018
Two French insurance companies, Macif and AG2R La Mondiale, are joining the growing number of companies that will no longer be investing in companies planning new coal-fired power plants.
24/07/2018
The Green Investment Group (formerly the Green Investment Bank and now the green energy investment business of Macquarie Group) has announced financial close on €270m of total funding for a 235 MW onshore wind farm in central Sweden at Länsterhöjden & Storflötten in the Ånge Municipality of Västernorrland.
24/07/2018
Innovation in the capital goods sector is driving a ‘low carbon industrial revolution’. Capital goods - goods such as buildings, machinery, equipment that are used in producing other goods – are undergoing rapid development, from machine autonomy to energy storage, and present an opportunity to help meet the Paris Agreement commitment to keep global warming below 2C.
24/07/2018
Hundreds of jobs are being created for victims of modern slavery in an innovative employment scheme devised by the Co-op
23/07/2018
The Department for Business, Energy and Industrial Strategy on new auctions to secure renewable energy sources will mean that the UK’s offshore wind capacity could double over the next decade.
23/07/2018
The Government’s decision not to proceed with the Welsh tidal generator scheme might have unintended benefits for a rival Scottish scheme, with Hannam Partners indicating that is preparing to invest heavily in Tidal Electric’s Solway Firth project.
23/07/2018
Vitol, the world’s largest oil trader, has partnered with renewables fund Low Carbon to invest in energy assets across Europe. The fund, VLC Renewables based in Jersey, will have an initial €200m allocation to target investments in both onshore and offshore wind and will invest in projects at various stages of the development cycle, including late-stage development, construction and operation.
20/07/2018
A study of lobbying spending in the US has found that fossil fuel companies and other ‘polluting’ companies have spent more than $2bn in attempts to influence climate change legislation in the US over the past two decades.
19/07/2018
Larger companies will need to start reporting their energy use, efficiency and CO2 emissions in annual reports from April 2019 under the Government’s new framework. The framework replaces the CRC Energy Efficiency Scheme, which has been condemned as too complex.
19/07/2018
Brexit could cause the UK to withdraw from the EU’s emissions-trading market. As one of the many levers the UK and EU continually threaten each other with, the withdraw would flood the carbon market with allowances, potentially damaging erode the deal struck by EU leaders to reduce the surplus and harden prices.
18/07/2018
Energy investment in 2017 totalled $1.8 trillion, a 2 per cent decline in real, according to the International Energy Agency (IEA) World Energy Investment 2018 Report. More than USD 750 billion went to the electricity sector while USD 715 billion was spent on oil and gas supply globally.
18/07/2018
The Irish Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, has met with the CEOs and executives from the five retail banks in Ireland to discuss progress in establishing a new banking standards board.
18/07/2018
Marks & Spencer has cut off the big six energy providers, announcing a new partnership with green challenger Octopus Energy to supply energy and services under the M&S brand from September.
18/07/2018
IFC has issued its first Sterling green bond, raising £350 million, the first green bond to be issued by a multilateral development bank in the Sterling market since 2015. The demand for socially responsible investment also appears to be growing, with UK-based investors accounting for 52 per cent of the final book.
18/07/2018
A cross-party group of 74 MPs and peers have said that new legislation will be needed to protect the environment after Brexit; and that reassuring public statements from Environment Secretary Michael Gove are of little value without it. In a letter organised by Geraint Davies MP, chair of the All Party Parliamentary Group on Air Pollution, the group say a new Clean Air Act is necessary.
13/07/2018
Gender pay equality is significantly more likely to be viewed as an important factor in pay decisions by UK employers than by global companies, according to research conducted for Willis Towers Watson. Gender pay equality is becoming a more important factor in base pay decisions for almost six out of ten UK employers (58 per cent), compared to just 23 per cent of global companies, according to WTW’s 2018 Getting Compensation Right Survey.
13/07/2018
The Republic of Ireland is set to become the first country in the world to divest all fossil fuel-linked investments. The Fossil Fuel Divestment Bill, approved with cross-party support by the lower house of the Irish legislature, the Oireachtas, commits the €8.9 billion national investment fund (the Ireland Strategic Investment Fund), to pulling out of coal, oil and gas investments “as soon as is practicable” within the next five years.
12/07/2018
Amber infrastructure Group has launched a £500 million investment fund to support energy efficiency projects in public sector organisations and small businesses across London. The Mayor’s Energy Efficiency Fund (MEEF) is being launched in collaboration with the Mayor of London, working through the European Regional Development Fund and supported by lenders including Lloyds, NatWest, Santander UK, Sumitomo Mitsui and Triodos.
11/07/18
Starbucks will start charging 5p to customers using paper cups in all 950 of its UK stores, following a successful trial in London outlets. It will also eliminate single use plastic straws from all 28,000 of its stores worldwide by 2020.
10/07/2018
The UK government’s strategy for reducing road transport carbon emissions includes a proposal for all new houses built in England to be “electric vehicle ready”. The government has announced it will consult as soon as possible on “introducing a requirement for chargepoint infrastructure for new dwellings in England where appropriate”.
09/07/2018
Donations made through Nisa’s Making a Difference Locally (MDL) charity have hit the 10,000 mark this month, following a month of donations to support local causes. Last month, 170 donations were made by Nisa retailers and via trustee donations totalling over £215,000; bringing the total number of donations since the charity’s formation to 10,079.
05/07/2018
Travelex has joined Stonewall’s Global Diversity Champions Programme and will work to progress its diversity and inclusion agenda.
05/07/2018
Amazon is collaborating with Save the Children for its annual Christmas Jumper Day. For every eligible Christmas Jumper purchased from the Christmas Jumper Store on amazon.co.uk and smile.amazon.co.uk during this period, Amazon will donate 20 per cent of the net purchase price to Save the Children.
05/07/2018
The City of London Corporation, with funding and support from the Mayor of London, Transport for London (TfL) and the Dorsett Hotel, has completed the redevelopment of Aldgate Square, which contains a new pavilion designed by Make Architects.
05/07/2018
A group of more than 100 institutional investors, managing over USD 12tr of assets, are asking companies to fully disclose how they manage their global workforce. The investor group features institutions in 11 countries including Schroders, UBS, Amundi, HSBC Asset Management, AXA Investment Managers, Legal and General IM, Nordea, Rockefeller & Co, and AustralianSuper.
05/07/2018
The Church of England Pension Board has called for investors to work with them in order to develop a new low carbon index. Speaking at the Transition Pathway Initiative (TPI) Asset Owners State of Transition Climate Summit on Monday, 4 July, Church of England Pension board investment committee chair Alan Fletcher asked investors to help build on initiatives already in place and “minimise exposure to poorly rated companies”.
04/07/2018
The high levels of executive pay and large dividends are losing UK water companies the trust of the public according to regulator Ofwat.
03/06/2018
Tesla has managed to build 5,000 Model 3 electric cars in a week, hitting a long sought after target and allowing chief executive Elon Musk to say that Tesla is now "a real car company".
03/06/2018
Several large UK local authority pension schemes have invested in an EDF Renewables wind farm portfolio in partnership with Dalmore Capital and Pensions Infrastructure Platform. The partners will take a 49 per cent minority stake, with EDF Renewables being paid £701 million for the stake.
02/07/2018
The Unfriend Coal Campaign (Unfriend Coal) has today welcomed Swiss Re’s decision to stop reinsuring businesses with over 30 per cent exposure to thermal coal, and has urged Munich Re to follow suit.
02/07/2018
US-based Federated Investors has completed its acquisition of a majority holding (60 per cent) of Hermes Investment Management, one of the pioneers of integrated ESG investing.
02/07/2018
Renewable wind now generates nearly 20 per cent of UK electricity according to new Government statistics. This makes up the bulk of the 30.1 per cent renewable energy that the UK produced in the first quarter of the year.
29/06/2018
Arup has unveiled a new solution for EV recharging points that will not block city pavements. ReCharge Parklet transforms parking bays into EV charging points and micro-park that also includes public seating, Wi-Fi and changing points.
28/06/2018
As the oil majors make the difficult journey to becoming energy providers, the latest transfer of black gold to renewable riches is the acquisition of Chargemaster by BP. Chargemaster currently operates the UK’s largest EV charging network and is the leading supplier of EV charging infrastructure, and this will help speed the transformation of BP forecourts.
28/06/2018
The Impact Investment Network (IIN) has been launched to raise investment and accredit the impact of businesses in the UK. Evolved from the Social Stock Exchange (SSX), launched by David Cameron in 2013, the network is led by Debbie Ryan, and it also hopes to create a network of likeminded businesses that share success through communications channels.
27/06/2018
The Government has decided against the Swansea Bay tidal lagoon. The decision is a blow to renewable production, but was made on evidence-based grounds of cost. The conclusion of the government’s this analysis was that the project and proposed programme of lagoons would not meet the requirements for value for money.
27/06/2018
Google’s annual diversity report released on 14 June shows slow progress has been made towards increasing diversity in its workforce. Despite inclusion initiatives, numbers reveal Google staff remains predominantly white or Asian and distinctly male.
27/06/2018
The Thera Trust has successfully closed its £5m bond offer in partnership with Triodos Bank. The charitable group of companies supports adults with a learning disability across the UK and wished to acquire or adapt freehold properties for people with a learning disability and complex needs.
26/06/2018
As ESG integration gains momentum companies are increasing the level of disclosure on their responsible investing approach. This increasing investor interest is also evidenced by the growth of sustainably invested asset volumes.
26/06/2018
Royal London has launched a range of sustainable funds for its pension customers, available to those saving through their workplace and individual pension plans.
26/06/2018
Asda, Coca-Cola GB, Costa, Co-op, Innocent, Lucozade Ribena Suntory, Marks and Spencer, Morrisons, PepsiCo and Shell have created a coalition that is, with partners Hubbub and recycling compliance scheme Ecosurety, improving recycling-on-the-go in Leeds. With ‘on street’ recycling facilities starting in September, the pilot hopes to be rolled out nationally in the near future, and the campaign will look to provide a range of interventions that organisations can install on their premises to encourage recycling.
26/06/2018
On Monday night MPs voted in favour of the controversial Heathrow expansion 415 to 119. The £14 bn project will build a third runway at the airport to be completed by the year 2026.
26/06/2018
Morrisons, the supermarket chain, has stopped the use of plastic bags for fresh produce and introduced (or re-introduced) old-style paper bags, in order to reduce its use of plastics. The retailer estimates that this move will save 150 million plastic bags are used each year.
25/06/2018
Leading retailers increasingly consider their supply chain sustainability, and the world’s largest retailer, Walmart, has just been joined by three more of the top 20 retail companies (including Tesco) in collecting data from suppliers to reduce environmental risk and cut carbon emissions.
26/06/2018
Social and Sustainable Capital (SASC) has increased its financing commitment to HCT Group, the UK’s leading community transport operator, investing a further £2m. It follows a first investment of £500,000 made in 2015, and the additional funding will be used to accelerate organic and acquisitive growth.
25/06/2018
Hermes Investment Management has appointed Ingrid Holmes and Kate Fowler in a move to expand its Responsibility Office. Leon Kamhi, head of responsibility, who leads the Responsibility Office that coordinates, develops and supports the implementation of the firm’s responsible investment and stewardship policies, commented: “At Hermes, our stewardship responsibilities are an integral element of our overall approach to responsible investment management and a crucial contributing factor to delivering strong risk-adjusted performance over the short, medium and long-term. The addition of Ingrid and Kate to our Responsibility Office reinforces our commitment to ensuring responsibility is embedded throughout our business.”
21/06/2018
Social and Sustainable Capital (SASC) has made an investment in the Gawcott Fields Community Solar Project CIC in Buckinghamshire, that will generate energy from local renewable sources and provide financial surplus to help the local community in fuel poverty.
21/06/2018
Uber has launched a yearlong pilot program providing raises to drivers using electric vehicles. Over the next 12 months Uber hopes to facilitate 5m trips with the new project. Last year the company reached 4m EV trips in the US and Canada.
21/06/2018
Insurer Ecclesiastical is helping prevent specialist trade skills disappearing. Inspired by Ecclesiastical’s insurance of Grade 1 listed buildings in the UK, the organisation has pledged £225,000 to The Prince’s Foundation over the next three years to enable 36 students to take part in the charity’s Building Craft Programme (BCP).
20/06/2018
Triodos Bank has provided financial support to Riverford to help them transfer 74 per cent of the company ownership to employees. A £3m loan along with £2m of working capital facilities has been confirmed to help fund the change.
20/06/2018
Lightsource BP, the solar energy developer 43 per cent owned by BP, has completed a major project in India. The Maharashtra project, with 200,000 LONGi Solar photovoltaic panels ground-mounted across 240 acres, is one of the first to be completed from the batch of Solar Energy Corporation India (SECI) tenders.
20/06/2018
Hermes Investment Management is opening up several ESG tools for its fund managers and engagers to use to make enhanced investment decisions and to better inform engagement activities with companies.
20/06/2018
A new database of women working in the energy sector, the Switch List, is being launched by RenewableUK. The crowd-sourced database will make it easier for those organising industry events to identify female experts, and invite them as speakers.
20/06/2018
Volvo Cars has announced plans to manufacture all new vehicles with 25 percent recycled plastics by the year 2025. Having sold over 570k of cars built with 5 percent recycled materials last year, the company aims to reduce plastic pollution with the expanded project.
19/06/2018
US telecom giant AT&T has signed a deal to source 300MW of wind energy from NextEra Energy. Building upon existing agreements with the company, the purchase totals 820MW bought by AT&T since February. It is estimated to be one of the largest corporate renewable energy acquisitions in US history.
19/06/2018
New government regulations have granted pension scheme members more power in viewing the sustainable investment activity of their accounts.
19/06/2018
In an effort to improve renewable energy storage, Siemens has begun a £1.5m pilot project testing ammonia in replace of other battery technologies.
18/06/2018
Samsung Electronics has announced its switch to 100% renewable energy in United States, China, and European markets by the year 2020. The rest of the Samsung’s global operations will then follow suit, with green sources powering its entire office buildings, factories, and other facilities.
18/06/2018
All-night long negotiations resulted in an upgraded renewable energy goal for the European Union. Previously held at 27 percent, the target has been increased to 32 percent for the year 2030.
15/06/2018
Growing demand for green investment solutions has led UBS Global Wealth Management to establish its first sustainable investing portfolio for UK clients.
15/06/2018
Clean energy developers Thrive Renewables and Aura Power have joined together to offer UK business free battery storage in exchange for a share of resulting returns.
14/06/2018
The Canada Pension Investment Board (CCPIB) has become the first pension fund in the world to issue a green bond. Valued at $1.2bn, the sale will provide CPPIB with additional funding as its holdings in the renewable energy sector increases.
14/06/2018
Macquarie has issued a £500 m loan to support green projects involving renewable energy, clean transportation, waste management, and low-carbon buildings.
14/06/2018
The 2018 edition of the BP Statistical Review of World Energy has reported that natural gas has been the largest source of energy growth, being boosted by coal-to-gas switching in China, but that renewables are continuing to gain momentum.
13/06/2018
A new energy efficiency mortgage pilot scheme has been launched by the World Green Building Council (WorldGBC) Europe in collaboration with 37 European banks. Aimed at capitalising on the EU funded Energy Efficient Mortgages Initiative, participating banks include BNP Paribas, ING Bank, Nordea Bank and Société Générale.
14/06/2018
Sky Ocean Rescue has expanded its operations to the Irish Republic. The campaign, designed to inspire people and organisations, including other businesses, to make simple, everyday changes to help save our oceans, has launched at a time when the country has shown increasing public concern at the state of the seas around it.
13/06/2018
Pressing for results ahead of schedule, the Global Climate Action Summit has challenged cities, states, and corporations around the globe to boost climate actions before the conference in September. It has requested for the transparent disclosure of carbon emissions and reduction efforts in order to hold regions accountable for meeting end goals.
06/06/2018
The Dow Chemical Company has generated over £90m in 2017 from measuring business impacts on nature. This number is three times as much money as 2016’s £30m, proving that natural capital projects are buzzing.
13/06/2018
In its latest initiative towards a greener economy, China has paved a highway curve with solar panels. The plastic-covered panels were created by one of China’s leading solar road development companies, Shandong Pavenergy.
13/06/2018
Starting this October, the City of London Corporation will run entirely on renewable energy. The organisation, which governs the financial and commercial district Square Mile, has pledged to invest in both onsite and offsite sustainable power sources.
12/06/2018
Bike rental provider Mobike has celebrated its second birthday by planting a tree for every 100km cycled on its RideForEarth event in support of Earth Day, and as a result 2,300 trees are now growing across the globe.
12/06/2018
In a campaign to increase consumer awareness, American Express has designed a new wave of credit cards produced from oceanic waste. The prototypes are made primarily of recycled marine plastic.
11/06/2018
On the road to March 2022, India has gone ahead and raised its renewable energy target from 175 to 227 gigawatts. The country is currently standing at 70 gigawatts of added energy from sustainable systems such as offshore wind farms and floating solar arrays.
11/06/2018
General Motors and Honda have teamed up once again, this time progressing battery development for all-electric vehicles. Under the agreement, next generation GM batteries will be supplied to Honda and incorporated into its EV models.
11/06/2018
Slow sustainability progress has led Legal & General Investment Management (LGIM), England’s leading asset manager, to vote out the chairmen of eight global corporations.
11/06/2018
In an effort to extend goals set by the 2015 Paris Agreement, the Norwegian financial sector has created a vision for a green economy by the year 2030. The competitive roadmap was developed by Finance Norway, the country’s association of financial institutions comprising banks, insurers, investment firms, and pension providers.
08/06/2018
IKEA has announced that it stop using all single-use plastics by 2020 as part of its ongoing commitment to sustainability, as detailed in the company’s People and Planet Positive strategy, with an end goal for IKEA to become a truly circular business. Although the plastics policy is a major part of the plan, there is a raft of commitments which will be achieved by 2030 to reduce climate impact and create a fairer society.
08/06/2018
New rules for MOT were implemented on 20 May, including updated defect categorisations, strict limits for diesel emissions, widened test scopes, and exemptions for older vehicles.
07/06/2018
New rules for MOT were implemented on 20 May, including updated defect categorisations, strict limits for diesel emissions, widened test scopes, and exemptions for older vehicles.
07/06/2018
Blueair has announced that all of its air purifiers now remove microplastics from the air. The statement follows research indicating negative effects that airborne microplastics have on human health.
07/06/2018
In the second phase of Microsoft’s Project Natick, a computer data centre has been lowered into the depths of the sea to create a faster, eco-friendly internet. Deemed possible in phase one, the submarine uses the power of tidal turbines and wave energy to hold and process data.
07/06/2018
Better Society Asset Manager of the Year 2018 award winner Social and Sustainable Capital (SASC) has brought on three new investment managers to its investment team: Toyin Ogundana, Krishna Chokshi, and Hermina Popa.
06/06/2018
A recent pay gap report at PwC has promoted the accountancy giant to ban all-male shortlist for UK jobs. Its report showed a 43.8% disparity between male and female wages, pushing the firm to modify its recruitment processes.
05/06/2018
A recent pay gap report at PwC has promoted the accountancy giant to ban all-male shortlist for UK jobs. Its report showed a 43.8% disparity between male and female wages, pushing the firm to modify its recruitment processes.
05/06/2018
Google has chosen not to continue its contract to carry out artificial intelligence work for the US Pentagon. Project Maven focuses on enhancing the interpretation of video images to improve the targeting capabilities of military drone strikes. The project’s algorithms use machine learning to further differentiate people from objects in drone videos.
05/06/2018
Following recent investigations into pension scheme investments, the Parliamentary Environmental Audit Committee (EAC) has made recommendations for factoring in environmental risks to financial decisions. The report proposes that the inclusion will make investors more aware of climate risk exposure.
04/06/2018
The Brussels Environment Minister, Céline Fremault, has proposed that all internal combustion engine (ICE) vehicles should be banned from the city by 2030, having already announced that all diesel vehicles will by the same date.
04/06/2018
Vodafone and Iron Mountain have joined RE100, targeting 100 per cent use of renewables by 2025. Vodafone, the global communications company, currently uses 13 per cent renewable electricity, so the shift will be a significant one. The company will be using power-purchase agreements and developing on-site renewable systems across its technology centres and base station sites in addition to purchasing renewable energy certificates.
04/06/2018
Congratulations to all the winners and finalists at the 2018 Better Society Awards which took place last night. For the fourth consecutive year the awards have recognised and celebrated the great strides made in creating a better world through community action, technological innovation and corporate responsibility.
01/06/2018
The OVO Foundation is to fund projects to help children from less advantaged backgrounds transition to nursery schools, providing support to their parents and teachers. With research showing that by the time children start school, there is a 19 month gap between the least advantaged children and their most affluent peers, tackling this inequality early on is key to breaking the cycle of disadvantage for young people.
01/06/2018
FTSE Russell has been busy dispelling some myths around sustainable investment, seeing an opportunity diversified across company size, geography and sector and delivering outperformance of the global equity market in a report.
01/06/2018
Congratulations to all the winners and finalists at the 2018 Better Society Awards which took place last night. For the fourth consecutive year the awards have recognised and celebrated the great strides made in creating a better world through community action, technological innovation and corporate responsibility.
25/05/2018
The Amundi Index US Corp SRI – Ucits ETF DR has been created to invest in US dollar denominated investment grade corporate bonds, applying an ESG criteria to ensure that the bonds are socially responsible.
31/05/2018
A new index, backed by a USD 5.9tr investor network, has analysed 60 global intensive farming companies on health, environmental and social issues, and found 60 per cent of meat and fish companies in the Index -worth USD 152bn - are ‘high risk’, including suppliers to McDonalds and KFC.
31/05/2018
The EC is seeking to make it easier for investors to understand sustainability and climate risk issues with the creation of a ‘green classification’ system.
31/05/2018
UK gardeners can now pick up coffee grounds that can be used to help their plants grow. The Grounds for Your Garden scheme will see used coffee to be repurposed as a natural fertiliser and help boost crop growth in collaboration with the Allotments & Gardens Council UK.
31/05/2018
As some insurance firms show leadership on climate change, and are actively managing the financial risks it poses in capital markets, nine out of ten investment strategies in the sector fail to align with the Paris Agreement goals, according to a new global report on the sector.
31/05/2018
Neighbourly, giving platform connecting charities, businesses and communities, has appointed Steve Butterworth as CEO. The appointment comes on the back of the company’s strong performance over the past three years and on the verge of delivering an international rollout strategy. Since its formation in 2015, Neighbourly’s platform has been used to pledge GBP 5.98m funds and 11,400 days; execute 7,600 projects; and donate 3m surplus meals and 5 tonnes of products.
31/05/2018
The number of electric and hybrid cars in use around the world increased by 54 per cent to pass 3 million in 2017, according to the latest edition of the International Energy Agency (IEA) Global Electric Vehicles Outlook report.
30/05/2018
Major livestock companies are threatening progress in tackling climate change by failing to manage climate risk effectively, according to a new investors’ index that studies the performance of companies in the intensive farming industries on environmental, health and social issues.
30/05/2018
Royal Bank of Scotland (RBS) has announced a move away from financing fossil fuel-based energy. The bank said it was introducing new policies for energy-related investments and financing arrangements to support its transition to a low carbon investment policy.
30/05/2018
The European Commission is proposing a ban on single-use plastics in an attempt to reduce plastic pollution in the oceans and coastline. Under the proposals, a variety of commonly used single-use plastic items would be banned, including drinking straws, cotton buds, cutlery and tableware, food containers and balloon sticks.
29/05/2018
Congratulations to all the winners and finalists at the 2018 Better Society Awards which took place last night. For the fourth consecutive year the awards have recognised and celebrated the great strides made in creating a better world through community action, technological innovation and corporate responsibility.
25/05/2018
Bloomberg New Energy Finance (BNEF) has published a report on the impact of electric vehicles (EVs) predicting that the number will reach over 1.6 million this year, from a few hundred thousand in 2014, and go on to 11 million in 2025 and then surging to 30 million in 2030.
24/05/2018
The move to greater recycling has had a rather unexpected result, in that as households wash out containers to place in the recycle bins, the additional food waste and fat is causing blockages to drainage systems.
23/05/2018
Dr Hans-Christoph Hirt, head of Hermes EOS, is highlighting the limited progress in the implementation of a value-creating strategy at the Deutsche Bank AG AGM, raising concerns about the high turnover of management and supervisory board members.
22/05/2018
PMI (Philip Morris International) has published its 2017 Sustainability Report. This is of particular interest for several reasons, one of which is that it is a ‘sin stock’ company that is undergoing change and removing itself from that label, but also because it demonstrates that companies that are making such transitions cannot reasonably be expected to do so overnight. If the direction of travel is correct, and the speed not so slow, then such change should be encouraged in building a better society.
21/05/2018
Crown Estate Scotland has unveiled proposals to lease seabed to encourage a new generation of offshore wind projects in Scotland’s waters. A paper has been published to outline the draft process and ask for feedback to help shape the final approach
21/05/2018
Bank of America has issued the largest corporate green bond, and fourth largest of any type, for USD 2.25bn, and makes Bank of America the first US financial institution to issue four corporate green bonds, raising a total of USD 4.35bn for renewable energy projects since 2013.
21/05/2018
Large commercial vehicles in the European Union will have to emit a third (30 per cent) less CO2 by 2030 under a new proposal. Currently there is no limit on the level of CO2 produced by lorries and trucks, yet produce a quarter of all road emissions.
21/05/2018
Dutch pension fund ABP is still on course with the execution of its policy for sustainable and responsible investing. At the end of 2017, ABP had around euro 50bn invested in sustainable companies and activities, which is around 12 per cent of the fund’s total assets.
21/05/2018
The National Employment Savings Trust (Nest) has backed a shareholder resolution calling for Shell to align its greenhouse gas intensity targets with the goals of Paris Agreement. With over six million members, Nest last year established a bespoke investment fund to manage the risks of climate change within its members’ portfolios, has nearly GBP 7m invested in Shell on behalf of UK workers.
21/05/2018
Volvo is to remove single-use plastics from all its offices, canteens and events across the globe by the end of 2019, replacing over 20 million single-use plastic items such as cups, food containers and cutlery with more sustainable alternatives.
21/05/2018
Matt Hancock, the Secretary of State for Digital, Culture, Media and Sport, has acknowledged the growth on ethical investment in the consumer market, and urged institutions to allow individuals greater power to support good causes through their financial arrangements.
17/05/2018
The Co-op is pioneering a new national food redistribution scheme that will donate fresh food, and other products, within use-by and best-before dates to thousands of small community groups. Called Co-op Food Share, the scheme will take products off sale earlier to get fresh food within its use-by date to charities.
17/05/2018
ClientEarth has appointed Alice Garton to lead its new Climate programme after three years of heading up the organisation’s Company & Financial Project.
17/05/2018
Danish pension fund PKA has entered into a partnership with turbine maker Vestas and Swedish utility, Vattenfall, for a 353 MW wind energy project in Sweden. It is the pension fund’s first investment in onshore wind, which will see Vestas provide 353 MW of V136-4.2 MW turbines. Vestas will become a 40 per cent shareholder through a share purchase agreement, with PKA and Vattenfall taking on 30 per cent of equity.
16/05/2018
Carillion's directors presided over a "rotten corporate culture" two committees of MPs have concluded, and have called for the break-up of the big four audit firms, all engaged at some level in the company and its demise.
16/05/2018
A new report from the Corporate Human Rights Benchmark (CHRB) underlines the importance of corporate management of human rights and reveals that there are signs of improvement - with benchmarks, civil society and investor pressure helping to create a “race to the top”.
15/05/2018
The Thames Tideway Tunnel (TTT) is being built by Bazalgette Tunnel Limited, and its associated firm Bazalgette Finance has issued GBP 175m of index-linked green bonds in order to support the design, building, commissioning, and maintenance the Tunnel in London.
14/05/2018
This is Me, the campaign to end the stigma around mental health in the workplace has gone national, having now been adopted by firms in the North West of England. This is Me grew across businesses throughout the City of London, and has now been launched in the North West by the Mayor of Greater Manchester, Andy Burnham, and there are plans to roll out the campaign across the UK.
14/05/2018
The time is approaching for many large companies to throw open tier doors in the annual AGM season, with Centrica, Cineworld, Astrazeneca and Shell all about to brave investors scrutiny. Executive pay, diversity and green issues will be near the top of many agendas, and there is a greater demand for action than before from institutional investors as well as pressure groups, and the media.
14/05/2018
Santander’s Changemaker Fund has surpassed GBP 1m in matched funding and support from the crowd for charities, social enterprises and community projects across the UK. The Changemaker Fund is open to any social enterprise, small charity or community group that helps disadvantaged people in the UK and that is seeking funds of up to GBP 20,000.
14/05/2018
The annual Sunday Times Rich List was published over the weekend, with the estimates of the wealthiest UK citizens. As annual event is has lead t the traditional political and philosophical rows in the press, but one item that has been overlooked is the amount the richest individuals give to charity.
14/05/2018
Lloyds Banking Group has launched a new GBP 2bn scheme offering discounted finance to commercial banking clients how are investing in a lower carbon operations, increasing the bank’s total lending commitment to GBP 3bn.
14/05/2018
A new report released by sustainability non-profit Ceres, 'In Sight of the Clean Trillion: Update on an Expanding Landscape of Investor Opportunities', explains the expanding and diversifying range of low-carbon investment opportunities that align with core investment fundamentals such as long-term risk diversification.
11/05/2018
Carlos Alvarado, Costa Rica’s newly elected president, has vowed to ban fossil fuels and create the world’s first fully decarbonised country.
11/05/2018
UN talks regarding implementing the Paris climate agreement have stalled, and extra time been given to help the differences still outstanding. Negotiations will now resume in September with an extra week.
11/05/2018
Lloyd's of London is telling its underwriters to stop insuring schemes related to the National Rifle Association of America (NRA).
10/05/2018
Norges Bank, the central bank of Norway has actively been pressing the companies it is engaged with to limit greenhouse gas emissions, and has revealed that it is currently supporting a shareholder resolution asking for a report reviewing energy infrastructure firm Kinder Morgan’s policies, actions and plans to measure, monitor, mitigate, disclose and set quantitative reduction targets for methane emissions from all operations.
10/05/2018
In the US, Insurance Commissioner Dave Jones has taken steps to address climate risk by conducting a climate-related financial risk stress test and analysis of insurance companies’ investments in fossil-fuels – investments totalling USD 500bn in fossil fuel-related securities and USD 10.5bn in thermal coal enterprises – and associated transition risks.
09/05/2018
The renewable energy industry created more than 500,000 new jobs globally in 2017, and the total number of people employed in renewables (including large hydropower) has now surpassed 10 million for the first time.
09/05/2018
California could be the first US state to require new built housing to solar panels, with the California Energy Commission expected to demand the installation of panels from 2020.
08/05/2018
Major UK investors including Sarasin & Partners, the Church in Wales, and Ealing, Islington and Lewisham pension funds have indicated that they will cast their votes in support of Shell becoming the first oil major to comply with the Paris climate goals at the company’s AGM.
08/05/2018
Nisa has raised the number of items that have an attached donation to them, and in the process has dramatically increased both donations and sales. The Making a Difference Locally (MADL) scheme has added wholesale sales of all branded products featured in Nisa’s consumer leaflet (which change every three week period) to the Heritage own label products that already carry a donation.
08/05/2018
Energy company OVO has unveiled a range of domestic vehicle-to-grid chargers, based around its platform VCharge, the world’s first widely available domestic bi-directional chargers. The system remotely connects and coordinates an unlimited number of small-scale household storage devices in real time, with split-second latency and no effort from consumers, allowing storage in, say electric cars, to be use to balance our energy needs in the grid.
04/05/2018
BBVA has issued a euro 1bn green bond, the largest by a eurozone financial institution. The seven year non-preferred senior green bond also makes BBVA the first Spanish bank to issue such debt instrument.
04/05/2018
EDF Renewables has purchased the Neart na Gaoithe (Strength of the Wind) wind farm project in the Firth of Forth from developer Mainstream Renewable Power, following a competitive bidding process. The wind farm will generate up to 450 MW of renewable energy, from 105km squared, and has a 15 year Contract for Difference at euro 140 (corresponding to the indexation of the tariff of GBP 114.39 that was set in 2012 prices), and grid connection agreements in place.
04/05/2018
With mirrors that cover an area of roughly 1.4 million square metres, the size of the city of Paris, a solar farm in Morocco will soon be delivering 580MW, and powering over a million homes. The farm, near the city of Ouarzazate and called Noor, an Arabic word meaning ‘light’ could transform an economy into which 97 per cent of its energy needs were being imported.
04/05/2018
Allianz is withdrawing from insuring single coal-fired power plants and coal mines in operation or planning and joining the Science Based Target Initiative (SBTi) in a commitment to the long-term development of a carbon-free economy.
04/05/2018
The battle to reduce plastic consumption will be won with a multitude of small steps, and the Royal Lancaster London in Hyde Park hotel is an example of how one initiative can yield results, with the recently renovated hotel collecting 1,250 plastic bottles from various departments over the course of two months.
03/05/2018
The Offshore Renewable Energy (ORE) Catapult has published a new assessment of the UK’s tidal energy industries, saying it could generate a net cumulative benefit to the UK of GBP 1.4bn, including considerable exports, and support 4,000 jobs by 2030.
03/05/2018
Engineering and advisory firm Xodus has signed a memorandum of understanding with Atlantis Resources to pursue ambitious tidal energy in Japan with three to eight turbines in the country.
03/05/2018
Following recent agreements to limit plastic pollution signed by companies and governments across the world, a campaign has launched to crowdfund a cost-effective, non-toxic and biodegradable new alternative to plastic bottles.
02/05/2018
Investor interest in sustainable investments has prompted a nine per cent increase in assets under management in ethical and sustainable funds in the six months to April 2018, rising to GBP 105bn.
02/05/2018
Nisa’s charity Making a Difference Locally (MADL) is partnering with the Small Charities Coalition. The initial two-year partnership will fund a full-time administrator post at the Small Charities Coalition enabling it to support, lobby for and raise the profile of more small charities across the UK.
02/05/2018
The Volkswagen AGM on 3 May will be an interesting event, with Dr Michael Viehs, associate director of responsibility of Hermes EOS’ noting that the company has many issues that Hermes feel have not been addressed or faced.
02/05/2018
The European Investment Bank (EIB) has announced plans for a new debt product in the form of a Sustainability Awareness Bond. The bond will initially focus on activities in the water sector, and then encompass activities in other areas with positive social impacts, such as health and education. Activities in the water sector were selected at first as the EIB has considerable experience and available reporting indicators allowing the bank to evaluate its financing impact on reaching several Sustainable Development Goals (SDGs) linked to this sector.
01/05/2018
Bloomberg reports that the European Union executive is set to propose spending 25 per cent of its available funds on climate related projects. The blueprint for the 2021-2027 budget will increase climate related spending from 20 per cent to 25 per cent.
01/05/2018
A coalition of nearly 100 investors with over USD 10tr of assets under management, including Amundi, Legal & General Investment Management, AXA, APG, Union Investment, Nordea, BMO Global Asset Management and Australian Super have urged listed companies to disclose information about how they manage issues such as diversity, health and safety, precarious contracts, and worker voice in their direct operations and supply chains.
01/05/2018
As part of its commitment to the UK Plastics Pact, launched last week, OPRL has signed a contract with Prep Design Pty to deliver an online interactive design tool which will enable all OPRL members to ensure they design packaging which meets the Pact’s criteria.
30/04/2018
The results of the latest German offshore wind auction included a lowest winning bid that had a euro 0 MW/h premium above the wholesale power price, and the average of the six winning prices was euro 46.6/MWh above.
30/04/2018
The UN has today invited insurance associations, initiatives, regulatory and supervisory authorities and their members to take part in the first-ever global survey on underwriting ESG risks in insurance.
27/04/2018
Starbucks has said that is experiencing a 157 per cent rise in reusable cups over the first six weeks of a three-month trial of placing a 5p paper cup charge in 35 stores across the City, West End, and west London.
27/04/2018
Over 40 companies have pledged to cut plastic pollution over the next seven years, with Procter & Gamble, Asda, Tesco, Nestlé, Coca-Cola and Marks & Spencer among those signing up to make 100 per cent of plastic packaging ready for recycling or composting by 2025.
26/04/2018
The On-Pack Recycling Label scheme has been joined by Unilever, and expanded its membership of companies attempting to engage their customers in recycling packaging, and Unilever’s decision to join will immediately expand the number of household brands using the on-pack recycling label.
26/04/2018
Morgan Stanley has announced a commitment to provide USD 250bn in low-carbon financing by 2030. Citing activity in clean-tech and renewable energy financing, sustainable bonds and other transactions that enable low-carbon solutions, Morgan Stanley says it views low-carbon financing as a ‘win-win’ for business and the environment.
26/04/2018
A group of 21 companies have written to Brexit negotiators Michel and David Davis urging them to prioritise climate and energy in the talks. The letter states: “As leading European and UK companies and investors, we recognise that climate change poses one of the greatest long-term threats to our economies and societies. We strongly urge both the UK and EU27 to commit to continuing to work together to meet the commitments set out in the Paris Agreement, in any future relationship.”
26/04/2018
EU carbon prices are set to double by 2021 and could quadruple by 2030 if the EC legislates to align the bloc’s current emissions targets with the Paris climate agreement, and this may mean that all coal plants will be unprofitable.
26/04/2018
The full extent of plastic pollution in the Arctic Ocean has been revealed by experts at the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI). The study, which took place over several Arctic expeditions from 2014, found higher quantities of microplastics in sea ice from the area than ever previously recorded. Samples of the ice were found to contain 12,000 microplastic particles per litre.
26/04/2018
Wells Fargo will provide USD 200bn in financing until 2030 to businesses and projects that support a transition to a low-carbon economy. More than half of this money will be focused on companies and projects that directly support the transition to a low-carbon economy, including clean technologies, renewable energy, green bonds, and alternative transportation, with the remainder supporting companies and projects focused on sustainable agriculture, recycling, conservation, and environmentally beneficial activities.
25/04/2018
Bob Dudley, BP CEO, has been criticised for asking Cambridge University not to drop its investments in the company. Dudley was speaking at the AIPN International Petroleum Summit in London, and made an off the cuff comment that appeared to link BP funding of the university with its investments. In what was probably an instance of verbal joking appearing sinister in print he noted: “We donate and do lots of research at Cambridge so I hope they come to their senses on this.”
25/04/2018
The number of fund managers that expect oil company valuations to drop within five years as a result of energy transition risks has nearly doubled to 89 per cent, up from 46 per cent in 2017, with a third of the asset managers say they are already seeing transition risk impact.
25/04/2018
GE Renewable Energy and Offshore Renewable Energy (ORE) Catapult have signed a five-year research and development agreement to test and develop next generation offshore wind technologies.
25/04/2018
HSBC has confirmed that it will no longer provide project finance for new tar sands and arctic drilling projects including the construction of any pipelines. The bank has also said it will no longer fund coal, apart from in Bangladesh, Indonesia and Vietnam.
23/04/2018
Caritas Internationalis (the confederation of 165 Catholic relief, development and social service organisations), three leading Catholic banks with balance sheets totalling approximately euro 7.5 bn, several dioceses, and an international coalition of Catholic institutions are announcing their divestment from fossil fuels.
23/04/2018
Michael Bloomberg is to donate USD 4.5m to cover the US commitment to the Paris climate agreement. During an interview on CBS's Face the Nation he said Bloomberg stated that he would make up the shortfall after President Trump pulled out of the Paris deal and scrapped the US share of payments.
23/04/2018
LEGO Group has been progressing its sustainability goals. In 2015 it announced its ambition to use 100 per cent sustainable materials in both its bricks and packaging by 2030, and has now announced that it will aim to use 100 per cent sustainable packaging by 2025.
23/04/2018
Global green bond issuances reached USD 30bn in the first quarter of 2018, according to Linklaters, just outstripping the previous high in Q3 2017 and increasing the value of issuance in Q1 by 9.4 per cent compared to the same point last year.
23/04/2018
AI is already having an impact on our lives, from financial services to leisure there’s AI - even if you are not aware of it. But the World Economic Forum (WEF) poses an interesting and difficult question about gender. As AI potentially has can create ‘personalities’ (remember Marvin from Hitchhikers Guide to the Galaxy?) are the physical, vocal and even behavioural elements becoming gendered? And if they are, is this an issue and why?
20/04/2018
A public opinion survey of 2,007 adults from Ecover reveals changing attitudes towards plastic usage and recycling, with a swing so strong that one in ten people couldn't be in a relationship with someone who doesn't recycle. Those who don’t recycle also cause resentment; more than a third of Britons (38 per cent) believe that people who don’t recycle are as bad as those who drop litter in the street. Even more extreme, ten per cent would even make it a criminal offence to throw recyclable material in a normal bin.
20/04/2018
The Government has announced that it will end sale of plastic straws, drink stirrers and plastic-stemmed cotton buds. At the at the start of the Commonwealth Heads of Government Summit, the Prime Minister will also call on all other Commonwealth countries to join in the fight against plastic pollution.
19/04/2018
Calvert Research and Management is taking on Hermes EOS, the stewardship and engagement unit of Hermes, to help support Calvert’s in-house corporate engagement programme, with Hermes EOS providing engagement, consultation and reporting services.
19/04/2018
Costa is pledging to recycle disposable cups by paying waste collectors to collect the cups and send them to recycling plants, estimating that at least 100 million cups can be recycled this year alone. As such it will become the first coffee chain in the UK to commit to recycling the same volume of cups it puts onto the market and to stop them ending up in landfill.
19/04/2018
The Good Exchange research into the key drivers and challenges involved in charitable giving, conducted by Censuswide Surveys, polled 201 corporate social responsibility (CSR) managers. More than three quarters (77 per cent) of respondents agreed that many more local charities and good causes are losing or seeing cuts in funding from central and local government, yet twice as much of the funding was donated to national charities as was allocated to charities operating at a local level.
18/04/2018
The United Nations believes that there is huge progress on reforming the global financial system and that it has started to deliver financing for sustainability. The final report of the UN Environment Making Waves: Aligning the Financial System with Sustainable Development highlights opportunities to align the financial system with sustainable development, as well as pathways to success.
18/04/2018
As a part of the Commonwealth Heads of Government Meeting, Energy and Clean Growth Minister Claire Perry made a speech announcing that she would ask the Committee on Climate Change for advice on the implications of the Paris Agreement on domestic UK climate targets.
18/04/2018
In a report, Advancing the Energy Transition, BP has set out its plans to help address the dual challenge of meeting the world’s increasing demand for energy, at the same time as reducing emissions of greenhouse gases.
18/04/2018
In light of UN’s E-Commerce Week Geneva and the Commonwealth Heads of Government Meeting 2018 commence, the International Chamber of Commerce (ICC) United Kingdom has made calls for a cohesive voice on digital trade from the developed and emerging markets.
17/04/2018
Legal and General Investment Managers have had a history of pressuring companies over items such as pay, diversity and sustainability. In 2017 it voted against 215 UK pay deals and has promised to vote against the reappointment of chairs of the UK's 350 biggest public companies if women don't make up at least 25 per cent of the board.
17/04/2018
Social and Sustainable Capital (SASC) has published its 2018 Impact Report highlighting record growth for its investment portfolio over the last year, with investment volumes more than doubling to just over GBP11m.
17/04/2018
According to WindEurope’s Financing and Investment Trends report, Europe invested a total of euro 51.2bn in wind energy in 2017, with the development of new farms accounting for euro 22.3bn of this. The rest of the investment went on the refinancing of existing wind farms, the acquisition of projects and of companies involved in wind and on public market fundraising.
17/04/2018
The Electrolux Group has set two targets for reducing greenhouse gas emissions, and both have been approved by the Science Based Targets initiative, making Electrolux one of the first companies to join this collaboration against climate change.
17/04/2018
M&G has launched the first fund to invest predominately in private and illiquid debt to achieve a positive social or environmental impact. In creating the Impact Financing Fund M&G has worked with Sustainalytics, an independent provider of sustainability research, in order to devise a methodology to assess and measure the impact of the fund’s investments.
16/04/2018
The Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme, in partnership with the School for Social Entrepreneurs and jointly funded by Big Lottery Fund, is now open for applications.
16/04/2018
Accounting for Sustainability (A4S), the initiative set up by HRH the Prince of Wales to encourage sustainable decision-making, has launched a circle of practice (COP) in Singapore. Nine companies have come together to launch the COP, the first in Asia, and the group will be run with support from agri-business Olam International.
16/04/2018
Sky and National Geographic have announced a joint fight against plastic litter in the world’s oceans, with National Geographic committing USD10m to bring its scientific expertise, grants and media reach to support the activities of Sky Ocean Ventures.
16/04/2018
Social risks can have a significant influence on corporate ratings, according to a new report by S&P Global. The report, linked below, identifies social risks such as strike action, demographic shifts and terrorism as determining factors in 346 corporate ratings across several industries including media, healthcare and energy. Framing these findings in terms of what they mean for potential investors, S&P’s report notes that the social factors with the most influence on corporate credit rating are human capital and safety management, citing instances in which a less than satisfactory performance in these areas has had a negative impact on companies’ credit quality.
13/04/2018
Bentley Motors is building UK’s largest ever solar-powered car port at Bentley’s factory headquarters in Crewe with 10,000 solar panels and a capacity of 2.7MW. Once completed, panels, that cover the car park, will take Bentley’s total energy system to 30,815 solar panels, the company already having 20,815 panels on its existing facilities.
13/04/2018
Nestlé has announced that it is aiming to make all of its packaging recyclable or re-usable by 2025, with Nestlé CEO Mark Schneider saying, "Plastic waste is one of the biggest sustainability issues the world is facing today. Tackling it requires a collective approach. We are committed to finding improved solutions to reduce, re-use and recycle. Our ambition is to achieve 100 per cent recyclable or reusable packaging by 2025."
13/04/2018
Nearly 20 of the world’s leading financial centres have met in Milan for the inaugural meeting of a new international network to accelerate green and sustainable finance. The network, convened by UN Environment, was launched in Casablanca in September 2017 and now has 18 members (Casablanca, Dublin, Frankfurt, Geneva, Hong Kong, Milan, Liechtenstein, London, Luxembourg, Milan, Paris, Qatar, Seoul, Shanghai, Stockholm, Toronto and Zurich).
13/04/2018
Danish pension fund PKA, with USD 46bn under asset management has said that it is excluding 35 oil and gas companies from its investment portfolio over failures to meet the goals of the Paris climate agreement.
13/04/2018
In its annual sustainability report the Allianz Group has announced that it has reached a milestone by making it standard practice to include ecological, social and governance criteria, on top of financial considerations, in all insurance premium investment decisions. This so-called ESG-Scoring is applied to all tradable assets, and Allianz asset managers Allianz Global Investors and PIMCO also considerably expanded their related ESG approaches.
13/04/2018
Pension schemes including the Church of England Pensions Board and the South Yorkshire Pension Fund have voted down Rio Tinto’s accounts in protest against the company’s links with lobby groups that obstruct climate change policy.
12/04/2018
Apple’s global facilities are now powered with 100 per cent clean energy, including its retail stores, offices, data centres and co-located facilities in 43 countries including the US, UK, China and India.
11/04/2018
It is not usual for this site to link directly to other articles, but a recent Bloomberg feature encapsulates the US sentiment in private equity, and their collective influence for good. In a wide ranging article the author, Melissa Mittelman argues that private equity can be force for good and even gives a little redemption to President Nixon for helping start the Environmental Protection Agency.
11/04/2018
Diesel car sales have fallen by over a third (37 per cent) in March compared against March 2017 according to the Society of Motor Manufacturers and Traders (SMMT). This fall follows on top of a 17 per cent decline in 2017.
11/04/2018
Iceland, the frozen food retailer, has announced that it will stop using palm oil as an ingredient in all its own label food by the end of 2018, and already palm oil has been successfully removed from 50 per cent of its own label range. Over 130 products will also have been reformulated by the end of the year, and 200 new lines introduced without palm oil, including the new summer range.
10/04/2018
Allianz has partnered with Investec Asset Management (IAM), to benefit and benefit from the growth potential of African economies in the Emerging Africa Infrastructure Fund (EAIF). With investments in renewable energy and cleaner technologies the investments will help strengthen economic development across large parts of the African continent and improve the quality of life of those living there.
10/04/2018
Waitrose has committed to removing all takeaway disposable coffee cups from its shops by autumn 2018, estimating that it will save more than 52 million cups a year. Starting with nine branches from 30 April, the retailer hopes that as the removal progresses it can learn from the changing use patterns before rolling it out across all stores in a phased programme by the autumn.
10/04/2018
Retailer Wilko has launched a brand-new charity partnership initiative: Together for Families, collaborating with Alzheimer’s Society, Save the Children and Teenage Cancer Trust to help support families when in need.
09/04/2018
Recruitment consultancy Dartmouth Partners has released a survey of 600 Generation Zeros considering their expectations and thinking – and the findings may come as a shock to traditional institutions who are perhaps under the impression the talent of tomorrow will be queuing up to join their team.
09/04/2018
Charity Bank, the loan and savings bank owned by charities and social purpose organisations, has announced that it has lent over GBP15.2m to the social sector in the first three months of 2018; more than any previous quarter in its history. Charity Bank’s record growth in the first quarter of 2018 follows three consecutive years of record lending to the social sector.
06/04/2018
Parcel carrier Yodel has announced its new charity partnership with Walking with the Wounded, the charity helping injured service men and women in their transition back to civilian life. As part of the partnership Yodel is providing a financial donation and will advise veterans on perfecting their CV and hosting interview workshops, to improve their confidence as civilian jobseekers and overall career prospects.
06/04/2018
Google has announced that in 2017 its total purchase of energy from renewable sources exceeded the amount of electricity used by the company’s operations around the world. For every kilowatt hour of electricity consumed, Google purchased a kilowatt hour of renewable energy from a wind or solar farm built specifically for Google, the first company of such size to have achieved this with the company currently contracting for 3GW of output from renewable energy projects. This makes Google is the largest corporate purchaser of renewable energy in the world.
05/04/2018
The Financial Conduct Authority (FCA) has published the latest step in its response to the concerns identified through its asset management market study, setting out to ensure fund managers compete on the value they deliver, and act in the interests of their clients.
05/04/2018
Barclays has launched the Barclays Green Home Mortgage with the novel idea of the interest rates linked to the energy efficiency of new build homes.
05/04/2018
KPMG and National Numeracy have announced that the UK’s first National Numeracy Day (16 May) and urging businesses to join them in reducing the impact of poor numeracy. KPMG employees are volunteering in schools across the UK and the company is sharing toolkits with 3,000 schools to ensure the campaign inspires as many people as possible to check their numeracy levels and, if needed, start their journey towards improving their numeracy.
04/04/2018
Friends of the Earth Netherlands has announced that it will take Shell to court if it does not act on climate change. Following US action on Exxon, Shell, usually seen a relatively better on climate issues, has been presented with a suit, with the case is supported by Friends of the Earth International.
04/04/2018
In March Portugal managed to has produce more clean energy than it used, making this the first time in recent years that renewables have exceeded the total of need. However the lack of connectivity across the continent means that it is an encouraging start rather than a journey nearing completion.
04/04/2018
Tesco has become the first retailer to reduce the sugar levels its own brand soft drinks to below five grammes of sugar per 100ml.
04/04/2018
New research indicates that two thirds (60 per cent) of consumers today would prefer their investment to ‘do good’, as opposed to investing in less impactful, lower risk options, continuing a trend that has a fifth (21 per cent) of people saying that they are more likely to invest in this type of fund now than they were five years ago.
03/04/2018
Japanese software giant SoftBank is creating a USD930m joint project in India to harness solar power with Chinese firm GCL System Integration Technology. The new project will have a final capacity of 4GW and will be implemented in two 2GW phases. The investment will come from SoftBank’s Vision Fund.
03/04/2018
Oil majors are not all the same, and as BP and Shell both attempt to diversify while admitting the issue of climate change, Exxon Mobil has taken a rather more robust approach. Indeed the company has attempted to have a lawsuit dismissed that would allow investigation by New York and Massachusetts officials into whether it misled investors and the public about its knowledge of climate change. A federal judge has, however, disagreed that the investigation is politically motivated, and will allow it to proceed.
03/04/2018
Communications agency becg, recruiter Osborne Richardson and law firm K&L Gates have sponsored the launch of a new BAME in Property group focusing on increasing ethnic diversity across the sector. Founded by Priya Shah, an account manager at becg, BAME in Property encourages both BAME and non-BAME people to promote diversity by championing their own professional activity and achievements.
29/03/2018
Banks have increased extreme fossil fuel financing in the last year, led by a more than doubling in lending to tar sands companies and pipelines, a report released today by Rainforest Action Network alleges. The report, 'Banking on Climate Change 2018', is the ninth annual report on bank policies and practices related to the financing of fossil fuel sectors, tracking and ranking 36 of the world’s biggest banks.
29/03/2018
Triodos Bank and Pennine Wealth Solutions have both received a Good Egg mark, the UK accreditation making it easier for consumers to find financial providers that use finance to benefit people and planet.
29/03/2018
Sky has announced the launch of Sky Ocean Ventures, an impact investment vehicle to invest in new ideas and businesses helping solve the issue of plastic pollution in the seas.
29/03/2018
BP has launched its Energy Outlook 2018 edition, attempting to play out scenarios of energy use up to 2040. Overall the report believes in increasing global prosperity, with all the growth in energy demand over the next 20 or 30 years comes from fast-growing developing economies and China and India will each account for around 25 per cent of that growth.
28/03/2018
Phoenix Group, the specialist consolidator of closed life and pension funds, has completed a multi-million pound renewable energy investment deal.
28/03/2018
According to the South China morning Post, The City of London has set up a green finance centre to fund sustainable development projects, with first beneficiary the Xiongan district – the site of a proposed new city.
28/03/2018
EDF is ‘ramping up its efforts’ to develop electricity storage solutions according to its press release, with the modest aim of being the European leader in the field.
28/03/2018
Charles Heymann, Louise Akers and Laura Jane Hicks are joining the Campaign Collective, the social enterprise communications firm.
27/03/2018
Greenpeace is withdrawing from the Forest Stewardship Council (FSC), the global group for certifying sustainable wood products, saying that the group is not doing enough to protect forests from exploitation.
27/03/2018
Shell has announced that it has installed a hydrogen option at Beaconsfield refuelling station, the first ‘under the canopy’ in the UK. The new hydrogen refuelling station, situated on the M40 is fully owned and operated by ITM Power.
27/03/2018
The Energy and Climate Intelligence Unit (ECIU) has published a report in the wake of renewable energy generation records being broken time and again in the UK.
27/03/2018
Julian Dunkerton, one of the co-founders of fashion business Superdry has stepped down from the running of the company to spend more time on charity work. In addition Dunkerton is pledging to give GBP1.2m worth of shares to conservation charity, The Blue Marine Foundation.
27/03/2018
The UK will stay tin the emission trading system (ETS) up to 2020 at the least, despite Brexit. Minister of State for Energy and Clean Growth Claire Perry confirmed the continuing participation in the scheme until at least the end of phase three in 2020, whilst speaking at the cross-party EU Energy and Environment Sub-Committee.
26/03/2018
An analysis published by Royal London Asset Management (RLAM) has suggested that sustainable investing can outperform the market. Based on data across the past five years from 54 FTSE 100 listed companies that have passed RLAM’s sustainable investment criteria, the return was 10.2 per cent per annum (a total return of 62.1 per cent), compared to 9.5 per cent per annum from the FTSE 100 (a total return of 57.6 per cent). The sustainable index outperformed the regular FTSE in 36 of the 60 months.
26/03/2018
A new programme aimed at supporting the growth of small to medium social ventures, Barclays Social Enterprise Scale Up UK, has been launched by Barclays, The Big Issue and Cambridge Judge Business School to help address the core challenges businesses, founders and their senior management teams face in scaling.
26/03/2018
Shell goes into its annual meeting expecting shareholder action to help persuade it away fossil fuels. Although both Shell and BP have made several moves to diversify energy supply (see earlier stories) the bulk of their business is still with fossil fuels, and both nervous shareholders and activists will be looking for more and sooner with a resolution being put forward.
26/03/2018
Sovereign nations, particularly emerging nations, are becoming major issuers in the global green bond market, according to a new report by the IFC. The report, 'Guidance for Sovereign Green Bond Issuers', focuses on lessons from Fiji’s historic move in being the first emerging economy to issue a sovereign green bond.
22/03/2018
McDonald's has announced it will partner with franchisees and suppliers to reduce greenhouse gas emissions related to McDonald's restaurants and offices by 36 per cent by 2030 from a 2015 base. Additionally, McDonald's will commit to a 31 per cent reduction in emissions intensity (per metric ton of food and packaging) across its supply chain by 2030 from 2015 levels.
22/03/2018
As predicted when the legislation was drafted, the pay reporting by gender has created a mass of data proving nothing, and possibly set-back the understanding in the gendered difference in earning. Still, it made some politicians feel good, so it did something.
22/03/2018
Vattenfall is to develop the twin Hollandse Kust Zuid offshore wind farms after being granted permission by the Dutch government. The two 350 MW wind farms, to be built by 2022, will be the world’s first to be built without public subsidy.
20/03/2018
Vodafone has announced the launch of a ground-breaking international future jobs programme ‘What will you be?’ that will provide career guidance and access to training content in the digital economy for up to 10 million young people across 18 countries.
20/03/2018
Hermes Investment Management has announced that it has established an agreement with Util, an Oxford-based fintech company, to access its proprietary holistic company valuation methodology. This provides a standardised and comparable analysis that considers a company’s social and environmental performance alongside its financial performance.
20/03/2018
The Lab, a public-private initiative that combines governments, development finance institutions, and the private sector, has reached a significant milestone with the 26 investment vehicles incubated and launched by the Lab have now mobilising over UDS1bn for sustainable development and action on climate change.
19/03/2018
Hikma Pharmaceuticals has pledged GBP200,000 to The Prince’s Trust over the next four years to help disadvantaged young people gain new skills and life changing experience in the world of work. The partnership will support young people who face multiple barriers to access education and employment opportunities in the UK.
19/03/2018
Rolls-Royce has signed a collaboration agreement with UK-based technology start-up Superdielectrics to explore the potential of using hydrophilic polymers to create high energy storage technology. The agreement will see Rolls-Royce, Superdielectrics and researchers from the Universities of Bristol and Surrey, to help create a potentially significant breakthrough in energy storage properties.
19/03/2018
FCA chief executive Andrew Bailey has made a speech on the organisations determination to change the culture of the financial services sector. Explaining the role of the FCA in the transformation, Bailey notes: “Culture is not naturally pursued by a regulator like the FCA by making rules. We would not achieve much by making a rule which said that all firms should have a good culture. I want to be clear however, and I will come back to this point, that culture in firms is influenced by the rules we make and the incentives they create, so there is a very important role for our rules, but it is not a direct prescribing of culture.”
19/03/2018
The Amundi Planet Emerging Green One (EGO) fund has been successfully launched, creating the world’s largest targeted green bond fund focused on emerging markets. The fund, which closed at USD1.42bn, is expected to deploy USD2bn into emerging markets green bonds over its lifetime, as proceeds are reinvested during seven years.
19/03/2018
The Public Accounts Committee (PAC) report published online finds that the Green Investment Bank failed to live up to original ambitions - and there is no guarantee it ever will because its green intentions are not sufficiently protected.
16/03/2018
“Everyday 53 people in Europe die an early death because of coal pollution,” a petition on WeMove.EU has stated, organised by NGOs supporting the Unfriend Coal campaign. They highlight Generali’s support for Poland’s coal industry, the most polluting in Europe, which causes an estimated 5,830 premature deaths every year including 430 in its home country Italy.
16/03/2018
Swindon Borough Council has had a green light from its planning department to build the UK’s largest standalone battery. The Council-owned Public Power Solutions is now looking for development funding for construction of the project.
15/03/2018
A new Global Green Finance Index (GGFI) has been launched by Finance Watch and Z/Yen that ranks the world’s financial centres according to perceptions of the quality and depth of their green finance offerings.
15/03/2018
The UK and Saudi Arabian governments have signed a memorandum of understanding committing them to jointly develop technologies that will reduce carbon emissions.
15/03/2018
Virgin Media is to bring ultrafast broadband to the Test and Dun Valleys as part of its first community-backed scheme, enabling up to 4,000 premises across 12 villages to access speeds up to 350Mbps.
13/03/2018
Philip Hammond used the spring statement to Tweet that single-use plastic waste ‘needs to be drastically reduced’. Falling short of proposing actual measures, the Chancellor was signalling that if reform is not forthcoming from the industry then a form of taxation might be used to remedy the situation.
13/03/2018
The world’s first listed investment fund solely for energy storage has been announced, with a proposed float in London of GBP100m. Gore Street will invest in arrays of lithium ion batteries, such as those made by Tesla, powered by renewable sources that can make energy available to the National Grid.
13/03/2018
The Financial Conduct Authority (FCA) has published a discussion paper on transforming culture in financial services as a basis for stimulating further debate on a sector that has suffered several high profile failings.
12/03/2018
Research by Rural England and Scotland’s Rural College, commissioned by Amazon, estimates that if digital tools and services were more widely adopted, they could deliver at least GBP15bn per year for the rural economy with rural microbusiness and small-sized business seeing the greatest returns.
12/03/2018
Sky has launched ‘Women in Home Service’, a paid training programme for female engineers that will offer career and development opportunities for up to 1,000 women interested in a becoming an engineer at Sky.
09/03/2018
According to the World Economic Forum (WEF), although the production and sale of electric vehicles accelerated in 2016 they may represent less of a planet saver than many think, with the charging electricity coming from a mix of sources including large portions of emissions-intensive fossil fuels.
09/03/2018
The European Commission is announcing updates to its Capital Markets Union (CMU) plan that centre on sustainability, responding to its previous report on financing a sustainable European economy.
08/03/2018
Credit Suisse has revealed plans to increase its activity in finance related climate change reduction, with issuance of its first green bond among the offerings, details of which it will announce over the coming weeks.
08/03/2018
Schneider Electric has joined the Responsible Business Alliance (RBA), a coalition 120 companies from the electronic, retail, automobile and toy industries that promotes standards in human rights, safety and security, environmental protection and business ethics.
08/03/2018
Teams managed by a balance of men and women are more successful across a range of measurements, a five-year study of 70 entities across different functions representing 50,000 managers worldwide concludes.
07/03/2018
Analysis from specialist website Carbon Brief has reported that carbon emissions from fossil fuels in the UK have fallen by 2.6 per cent in 2017, driven by a 19 per cent decline in coal use. This follows a larger 5.8 per cent drop in CO2 in 2016.
07/03/2018
Marketing and publicity hungry brewer BrewDog has made another media splash by introducing Pink IPA, a version of Punk IPA for women in a pink bottle.
07/03/2018
Open Banking is helping to transform financial services, with third party developers allowed to build applications and services around data that financial institutions have traditionally not shared.
06/03/2018
S&P Global Ratings has reviewed nearly every current green bond issued by the world's top 200 banks.
06/03/2018
The falling price of renewables has allowed the EU to consider increasing its targets for renewable energy.
06/03/2018
Spanish banking group BBVA has announced its strategy on climate change and sustainable development: Pledge 2025.
06/03/2018
Thirty-four emerging markets are becoming a driving force in climate finance, instigating banking reforms to expand sustainable lending, according to a Global Progress Report of the Sustainable Banking Network, an IFC-supported organisation of banking regulators and associations.
06/03/2018
Lego has started to produce pieces made from plant-based plastic (polyethylene) sourced from sugarcane. The material is being used to create plant-related pieces, such as leaves, bushes and trees, which will be sold within packs of Lego sold during 2018.
05/03/2018
Dutch supermarket Ekoplaza has opened a new store in which no goods are contained in plastic packaging. The decision to open the Amsterdam store was inspired in part by a campaign by UK charity A Plastic Planet seeking to reduce the amount of plastic packaging used in supermarkets.
05/03/2018
The costs of energy policy should be met on a progressive basis in line with household incomes, according to a report from the UK Energy Research Centre (UKERC). At present levies to recover the costs of energy policy, such as the renewables obligation, feed-in-tariffs and energy efficiency programmes, are applied as a percentage of household energy bills, which added about 13 per cent to average household gas and electricity bills in 2016. The researchers say this applies disproportionate costs to lower income households.
02/03/2018
As the UK shivered in the snow on what was, in theory, the first day of spring (meteorologically, if not according to tradition), the National Grid warned that the UK would not have enough gas to meet anticipated demand. The shortage would not affect homeowners, as energy suppliers buy supplies a long way in advance, but there was a possibility that large-scale users in industry could experience some interruptions to supply.
01/03/2018
Three of the UK’s biggest high street banks published gender pay gap figures this week, as more large companies continue to reveal the difference in average pay for men and women, in accordance with new legislation. As had been expected, the results were not pretty.
01/03/2018
The European Investment Bank (EIB) has approved a €52.5 million loan facility for Swedish company Northvolt, as the company seeks to build the largest battery factory in Europe, at Skelleftea in northern Sweden. The loan will be supported by the EU through the Horizon 2020 programme.
28/02/2018
Tracey Crouch, the minister for sport and civil society, has launched a public call for evidence to help create a new strategy for building a fairer society. The Civil Society Strategy will seek to harness the power of communities, charities and businesses to empower people to take action to improve the places where they live and work.
27/02/2018
UK Environment Secretary Michael Gove has launched a consultation on reform to the agricultural subsidy regime after Brexit. The government is proposing removing subsidies paid to some wealthier landowners under the EU’s Common Agriculture Policy (CAP) and attaching conditions related to environmental and public benefits to future payments. The aim will be to encourage landowners to improve environmental impact and invest in sustainable food production.
27/02/2018
Belgium has issued a $4.5 billion, 15 year sovereign green bond. It becomes the third European country to do so, following Poland, which has raised $1.75 billion in two deals in December 2016 and January 2018; and France, which raised $7 billion in 2017.
27/02/2018
More than 100 cities worldwide now get at least 70 per cent of their energy from renewable electricity sources, according to CDP (the rebranded Carbon Disclosure Project) more than double the 42 cities that did so in 2015. This group of cities includes Vancouver, Auckland, Nairobi, Dar es Salaam, Harare, Stockholm, Oslo, Brasilia, and Seattle.
27/02/2018

Mark Evans 17/07/2017
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