Archive News

Specialist insurer Beazley is to offer clients that opt in to Marsh’s Environmental, Social and Governance Risk Rating global access to additional capacity through its Lloyd’s of London Syndicate 4321.
Posted: 27-06-2022
Axa is further committing to its membership of the Ocean Risk and Resilience Action Alliance (ORRAA). Insurance is an important tool for incentivising investment and more effectively protecting climate vulnerable coastal communities. Axa is one of the founding members of the Alliance and global lead insurance partner.
Posted: 24/06/2022
The North Sea Transition Authority (NSTA) is launching the UK’s first-ever carbon storage licensing round with 13 areas of exciting potential available.  
Posted: 16/06/2022
A senior civil servant dedicated to boosting philanthropy in the UK should be appointed by the Government as part of a Whitehall drive to unlock the full potential of giving, according to a new report.
Posted: 16/06/2022
The UN-backed Race to Zero campaign has updated its criteria following major international consultation with over 200 experts and civil society groups.
Posted: 15/06/2022
Climate change could have very different effects on the world’s currencies, with China’s yuan and the Japanese yen suffering most unless more effective action is taken against climate change.
Posted: 15/06/2022
Research by the Co-operative Bank and Opinium has found that a majority of people overall (59 per cent) want more green investment. This was despite worries in the cist of living and fuel price increases.
Posted: 15/06/2022
The Investor Coalition on UK Food Policy, a group of 23 investors managing investment assets of £6tr, has called on the Government to commit to mandatory health and sustainability standards for food companies.
Posted: 14/06/2022
A cross-party coalition is attempting to block the EU’s inclusion of nuclear and gas from its taxonomy.
Posted: 14/06/2022
Although more than one-third of world’s largest publicly traded companies now have net-zero targets, two-thirds (65 per cent) of corporate targets do not yet meet minimum procedural reporting standards.
Posted: 13/06/2022
A new platform to help reduce food waste is currently being trialled and set to be launched by some of the UK’s leading brands.
Posted: 13/06/2022
IFC and Amundi have revealed their Emerging Market Green Bonds Report 2021, which highlights a sharp rebound in issuance of green bonds in emerging markets and developing economies in 2021.
Posted: 13/06/2022
Caterpillar's annual general meeting revealed that 96 per cent of investors now support a shareholder resolution filed by As You Sow, Amalgamated Bank, Canada Post, and SHARE.
Posted: 09/06/2022
Richer countries are only halfway to delivering the $40bn a year promised to poorer countries to aid them in the transition to be more sustainable.
Posted: 09/06/2022
The plans to reform the EU ETS carbon market have suffered a setback as MEPs have rejected the proposed changes and have returned it to the parliament committee for a redraft.
Posted: 09/06/2022
Octopus Energy has signed its first renewable generation deal in Germany to build Gaishecke, a 35MW onshore wind farm in Hessen, near Frankfurt.
Posted: 09/06/2022
According to a recent report on workplace chargers, there are 33,000 charge points at work, against 31,500 at public sites. Mobility group Transport & Environment (T&E), which commissioned the study, says that this doubles the amount of infrastructure available to drivers.
Posted: 08/06/2022
Royal Mail has brought forward its Net Zero target by a decade to 2040 and is committing to near term emissions targets in line with climate science, reducing absolute Scope 1 and 2 greenhouse gas emissions by a quarter by 2025/26 and Scope 3 emissions by another quarter by 2030.
Posted: 08/06/2022
The Floating Offshore Wind Task Force has been created to ensure that the UK stays at the forefront of this cutting-edge technology, creating thousands of new jobs and attracting billions in private investment.
Posted: 07/06/2022
Recommendations from over 300 experts have outlined roadmap to scale up environmental markets and catalyse private investment to help fill annual £5.6bn financing gap for UK nature recovery.
Posted: 07/06/2022
Several businesses including Google, Unilever and Hitachi are to road-test a new Provisional Claims Code of Practice, aimed at bringing integrity to corporate claims made about voluntary use of carbon credits.
Posted: 07/06/2022
Virgin Money has launched the first dedicated fund to support farmers in their transition to net-zero offering lower cost loans that can be used to invest in changes which reduce on-farm emissions. The £200m Agri E Fund is the first fund offered in the UK dedicated to supporting farmers with the investment and carbon audits required to help them achieve their net-zero target.
Posted: 06/06/2022
The Net Zero Asset Managers initiative has announced that 83 asset managers have now set initial targets, with 39 per cent of their assets ($16tr) now committed to be managed in line with achieving net-zero by 2050 or sooner.
Posted: 06/06/2022
Based on banks’ and insurers’ projections of climate losses in the Climate Biennial Exploratory Scenario (CBES) exercise, the estimated costs to large UK financial institutions from climate change appear manageable considering the BoE's plausible representations of what might happen.
Posted: 01/06/2022
Good Energy has committed to a target of halving the carbon emissions of its business by 2030, outlined in its new 2021 Purpose Report.
Posted: 01/06/2022
German regulator BaFin has raided the offices of Deutsche Bank on suspicion of the fraudulent advertising of sustainable investment funds at its DWS unit.
Posted: 01/06/2022
Despite claiming it had met is target, the EU missed its self-imposed target of spending at least 20 per cent of its 2014-2020 budget on climate action, according to a special report published by the European Court of Auditors (ECA).
Posted: 01/06/2022
A diversity of views can be a good thing but as HSBC is finding out, it can be an issue if one of your senior bankers decides to savage your own policies.
Posted: 30/5/2022
Fiat has announced the removal of all non-electrified vehicles from sale in the UK. This will take effect from 1 July 2022 with the whole Fiat range now coming in electrified forms.
Posted: 30/5/2022
The G7 group of nations has made a commitment to work towards the phasing out of coal.
Posted: 30/5/2022
A safety consultant for Shell has resigned, citing failures at the board level in protecting the climate.
Posted: 26/05/2022
Virgin Media O2 is launching a new campaign, Do One Thing, encouraging people to take positive action to protect the planet for current and future generations.
Posted: 25/05/2022
Britishvolt is to acquire the advanced technology battery cell developer and manufacturer EAS.
Posted: 25/05/2022
Scottish Widows has published a new report outlining how the pensions industry can help deliver a ‘just transition’ on the path towards a decarbonised global economy.
Posted: 25/05/2022
Stellantis, the maker of Chrysler, Citroën, Fiat, and Vauxhall vehicles, and Samsung will jointly establish a $2.5bn electric-vehicle battery manufacturing facility in the US city of Kokomo.
Posted: 25/05/2022
The global economy could suffer by $178tr to 2070, (or to put it another way, an eight per cent drop in GDP) according to a report from the Deloitte Center for Sustainable Progress.
Posted: 24/05/2022
Retailers across Europe are guilty of promoting false solutions to the plastic pollution crisis and perpetuating double standards, a new report finds.
Posted: 24/05/2022
The US Securities and Exchange Commission is about to crack down on greenwash i investment products.
Posted: 24/05/2022
The world’s first rapid testing facility for tidal turbine blades, which researchers say can speed up development of marine energy technologies while helping to reduce costs, has opened.
Posted: 23/05/2022
Although Shell’s Energy Transition Progress Report sets decarbonisation targets, climate campaigners suggest that it cannot align with the Paris Agreement and that the company will overshoot its 1.5C carbon budget by 40 per cent.
Posted: 23/05/2022
The UN needs to drop its current model for sustainable development, a letter from 100 global scientists says, urging an “urgent refocusing of international aid and cooperation”.
Posted: 23/05/2022
The global green economy covers a diverse range of activities, and whilst all have performed well in recent years, the research from FTSE Russell Green Revenue data finds it lagging in some areas compared to previous performance.
Posted: 20/05/2022
The Netherlands is planning to make it mandatory to install heat pumps systems in four years’ time, as EU countries desperately attempt to stop dependence on Russian gas.
Posted: 20/05/2022
The Government has awarded £9.3m innovation funding to Vattenfall to build 8MW offshore hydrogen electrolyser at its test and demonstration wind farm in Aberdeen Bay
Posted: 19/05/2022
A group of 12 leading UK pension funds, including BT Pension Fund and Legal and General Mastertrust, and convened by the Church of England Pensions Board, representing £400bn assets under management and working on behalf of over 18 million members, will jointly consider how to support the climate transition in emerging markets.
Posted: 19/05/2022
Vodafone has signed ten-year deal for three new solar farms in Lincolnshire, Worcestershire and Nottinghamshire.
Posted: 19/05/2022
After the controversial labelling of gas and nuclear as ‘green’ under the EU taxonomy, UKSIF has voice its concerns that the UK may follow the same path.
Posted: 19/05/2022
Carmakers Ford and Volvo Cars join 26 other companies in public call to EU legislators ahead of crucial votes that could ensure all new cars and vans in Europe are zero emission from 2035 and to establish mandatory charging infrastructure targets.
Posted: 17/05/2022
The Alliance to End Plastic Waste and Lombard Odier Investment Managers have formed a partnership to launch a circular plastic fund.
Posted: 16/05/2022
A cross-industry steering group, representing stakeholders across the built environment, have joined together to develop a standard for verifying UK buildings as net-zero carbon.
Posted: 16/05/2022
The Government has halted plans to force corporates to disclose environmental impacts, removing the proposals from the Queen’s Speech.
Posted: 16/05/2022
There were cheers across the tables as Barclays and Refuge were awarded the Partnership with a National Charity Award, while Greene King and Macmillan Cancer Support took home the Best Scheme to Encourage Staff Fundraising – long-term partners award.
Posted: 12/05/2022
A report, Powering the Drive to Net Zero, concludes that only the private sector can provide finance at the pace and scale needed to enable the transition to cleaner road transport.
Posted: 12/05/2022
Two Bills announced in the Queen’s Speech will potentially help reach the net-zero ambitions set out in the Energy Security Strategy announced last month.
Posted: 12/05/2022
By 2030, Shell UK aims to have 100,000 public EV charge points across the country. Of these, 11,000 will be rapid chargers, and overall 90 per cent of all UK drivers will be within a 10-minute drive of a Shell rapid charger.
Posted: 12/05/2022
There is a 50:50 chance of the annual average global temperature temporarily reaching 1.5 C above the pre-industrial level for at least one of the next five years – and the likelihood is increasing with time, according to a new climate update issued by the World Meteorological Organization (WMO).
Posted: 10/05/2022
Seven out of ten UK adults with investments say they would be more likely to choose an investment in a fund or organisation if they knew it was having a positive social or environmental impact, according to research from Big Society Capital.
Posted: 10/05/2022
BASF and Brookfield have concluded a 25-year fixed-price renewable electricity supply agreement to purchase the solar and wind power for the BASF Zhanjiang Verbund site in China under the Renewable Energy Trading Rules in Guangdong Province.
Posted: 10/05/2022
Despite the war in the Ukraine, John Kerry believes that COP26 remains a viable attempt to curtain climate change
Posted: 10/05/2022
UK Research and Innovation (UKRI) and the Defence Science and Technology Laboratory (Dstl) have invested £20.6 million into innovative projects across the UK, including as project to engineer microbes to recover metals from the environment.
Posted: 09/05/2022
A key parliamentary committee will vote votes on the revision of the EU's car and van CO2 standards on 11 May.
Posted: 09/05/2022
BP has signed a ten-year agreement with Clean Planet Energy to convert hard-to-recycle waste plastics into circular petrochemical feedstocks and also into ultra-low sulphur diesel (ULSD).
Posted: 09/05/2022
A new report highlights that $13.5bn has already been stranded and over $2bn more is at risk on major infrastructure projects as a result of the global water crisis.
Posted: 04/05/2022
Some 19.19 per cent of shareholders voted against the Barclay’s Say on Climate plan, saying that it lacks the ambition needed to address the climate crisis.
Posted: 04/05/2022
The monthly average carbon dioxide (CO2) levels have reached above 420.23 parts per million (ppm) for the first time on record.
Posted: 06/05/2022
A series of key policy recommendations could help the Government achieve its target of 10GW of low carbon hydrogen by 2030, including at least 5GW from green hydrogen production.
Posted: 05/05/2022
A survey by Lloyds Banking Group shows that there is a gap between customers’ ESG expectations and the delivery on these by companies. Asking 1,100 senior UK business decision makers and over 2,300 members of the public the survey found that half of business decision makers said they have no net-zero strategy, but three-quarters of UK adults thought they should have one.
Posted: 05/05/2022
The Building Research Establishment (BRE) will develop a new methodology to better measure the energy performance of UK homes.
Posted: 04/05/2022
EFRAG (the European Financial Reporting Advisory Group) has released the initial draft of the European Sustainability Standards, setting out the rules that companies will need to follow in reporting ESG-related data such as sustainability-related impacts, risks, strategies, business models and performance under the EU’s Corporate Sustainable Reporting Directive (CSRD).
Posted: 04/05/2022
The FAIRR Initiative, an investor network supported by investors managing $52tr of assets, is warning of an “Apollo 13 moment” for the meat and dairy industry following the IPCC’s Sixth Assessment Report.
Posted: 04/05/2022
European green, social and sustainability (GSS) bond issuance will reach between €1.4tr and €1.6tr, accounting for close to 50 per cent of the total European bond issuance, by 2026.
Posted: 03/05/2022
Better Cotton has convened a group of leading international retailers and brands, including Marks & Spencer(M&S), Zalando and BESTSELLER, to help enable the delivery of new traceability solutions and bring greater visibility to the cotton supply chain.
Posted: 03/05/2022
BP has said that it intends to invest up to £18bn in the UK’s energy system by the end of 2030, including offshore wind, hydrogen, charging infrastructure, carbon capture and, perhaps controversially, North Sea oil and gas.
Posted: 03/05/2022
Allianz, one of the world's biggest oil and gas insurers, has now committed to stop insuring and investing in new oil and gas fields, new oil power plants, new midstream oil infrastructure, and practices relating to the Arctic as of January 2023, and will not renew existing contracts for such projects as of July 2023.
Posted: 29/04/2022
McKinsey's Global Energy Perspective has been released, predicting that the peak of oil use may be reached as soon as 2024, and certainly by 2027. Driven largely by EV uptake oil will go the way of coal, which peaked in 2013 and, after a temporary rebound of coal use in 2021, is projected to continue its downward trajectory still further.
Posted: 29/04/2022
Asda has collaborated with Whywaste on a solution which will simplify the supermarket’s mark-down process and in doing so, reduce food waste.
Posted: 29/04/2022
Octopus Energy Generation has made its first investment in a large UK offshore wind farm buying an 8 per cent stake in the 270 MW offshore wind farm off the coast of Skegness.
Posted: 29/04/2022
Mark Carney, co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ), has come under fire from Reclaim Finance. In an interview with Bloomberg, Carney is quoted as saying that “what people like to do for clickbait” is to focus on fossil fuel expansion because most people understand this to mean that “anything above zero is too much”.
Posted: 29/04/2022
UK insurers could be given greater flexibility to fund green energy projects in a post-Brexit overhaul of EU rules.
Posted: 29/04/2022
Nestle, Danone, Kraft Heinz and Kellogg are amongst food producers that have been pushed by investors set out new disclosures and targets on wellbeing.
Posted: 28/04/2022
LGIM (Legal & General Investment Management) has arranged a four year, £270m green development financing from HSBC, NatWest to fund the development of the £500m Wandsworth Build to Rent scheme.
Posted: 28/04/2022
The Advanced Clean Energy Storage Project has been invited to apply for $595m of financing from US Department of Energy (DOE) for its Proposed Hydrogen Hub and Long-duration Renewable Energy Storage Project.
Posted: 27/04/2022
Tokyu Railways in Japan will run all its services on solar and renewable energy.
Posted: 27/04/2022
Environmental finance organisation Market Forces has released new research showing that during 2021, a handful of Standard Chartered-funded expansionary fossil fuel projects will emit 2.3 billion tonnes of carbon dioxide over their lifetimes - five times the annual emissions of the entire United Kingdom.
Posted: 27/04/2022
John Glenn (pictured), Economic Secretary to the Treasury, has launched the UK Transition Plan Taskforce (TPT) to develop a ‘gold standard’ for UK businesses’ climate transition plans.
Posted: 27/04/2022
The Air-One hub for air taxis and delivery drones has opened to the public for demonstrations in Coventry.
Posted: 26/04/2022
Global coal plant capacity under development shrank 13 per cent in 2021, according to Global Energy Monitor’s eighth annual survey of the coal plant pipeline, but steeper cuts are needed to achieve climate goals.(Existing plants shown.)
Posted: 26/04/2022
Consultant Guidehouse has joined forces with Mars, Incorporated, McCormick & Company, and PepsiCo for the formation of the Supplier Leadership on Climate Transition collaborative (Supplier LoCT), an initiative to help engage suppliers in climate action and solutions.
Posted: 22/04/2022
Octopus Energy Generation has launched a scheme it has dubbed ‘Plots for Kilowatts’ asking landowners to register interest in hosting an onshore wind turbine, with Octopus matching this up with community demand.
Posted: 22/04/2022
Morningstar has compiled a report that sees China as the new second-biggest climate investment market after Europe.
Posted: 21/04/2022
Ryanair is partnering sustainable aviation fuel (SAF) supplier Neste to power a third of its flights at Amsterdam Airport Schiphol with a 40 per cent SAF blend.
Posted: 21/04/2022
Mastercard is extending its ESG linked remuneration model to all employees globally, having introduced a compensation model at the executive vice president level and above last year. Remuneration will be determined in part by the company’s performance on three ESG priorities: carbon neutrality, financial inclusion and gender pay parity.
Posted: 21/04/2022
Community engagement platform Neighbourly has been awarded a 2022 Queen’s Award for Enterprise in the Innovation category.
Posted: 21/04/2022
Rolls-Royce could get regulatory approval for its new generation of mini-nuclear power stations as early as 2024.
Posted: 20/04/2022
The Eco-Friendly Web Alliance (EFWA) is creating the world’s first eco-standard for websites that will allow them to emit less than one gramme of CO2 per page view.
Posted: 20/04/2022
The FCA has finalised rules requiring listed companies to report information and disclose against targets on the representation of ‘women’ and ‘’ethnic minorities’ on their boards and executive management, making it easier for investors to see the diversity of their senior leadership teams.
Posted: 20/04/2022
Three players from completely different backgrounds have joined forces in the Concrete Chemicals project, planning the production of sustainable aviation fuel (SAF), which will concurrently contribute to the decarbonisation of the cement industry.
Posted: 19/04/2022
Filming locations will be among the first sites in London to get permanent electricity connections as UK Power Networks is investing £66m to deliver low carbon energy projects that will help achieve the Government’s Ten Point Plan towards Net Zero by 2050.
Posted: 19/04/2022
Management consulting firm Bain & Company is set to be net-negative carbon, meaning the firm will support nature-based projects to remove more than its total 2021 scope 1, 2 and 3 carbon emissions.
Posted: 19/04/2022
Tech companies Stripe, Alphabet, Shopify, with consultancy firm McKinsey & Company, have launched a new fund targeting carbon removal startups.
Posted: 14/04/2022
Shell and Uniper are drawing up plans to produce hydrogen in the Humber, signing an agreement that will see the gas made at Uniper’s site in Killingholme, North Lincolnshire.
Posted: 14/04/2022
Extinction Rebellion (XR) protests closed all the entrances to Lloyd’s of London’s building in the City of London using superglue and chains on Tuesday.
Posted: 13/04/2022
Consumer goods companies are joining forces through The Consumer Goods Forum (CGF) to set the agenda for the development of new plastic recycling technologies through its newly published Golden Design Rules.
Posted: 13/04/2022
The first residential building in the UK has been verified as net-zero carbon, a milestone to a more climate-friendly future.
Posted: 13/04/2022
NatWest group is rolling out climate transformation training alongside a specialist climate training programme for commercial real estate, retail and leisure and manufacturing sectors.
Posted: 12/04/2022
The UK Department for Transport (DfT) is considering the UK’s ZEV mandate for cars and vans.
Posted: 12/04/2022
Vattenfall is testing wireless induction charging of taxis in Gothenburg, using electronic payments the charging starts automatically when a compatible vehicle parks over a charging pad embedded in the street.
Posted: 11/04/2022
Chalmers University of Technology in Sweden believe they might have moved closer to a creating an energy system that makes it possible to capture solar energy store it for up to eighteen years.
Posted: 11/04/2022
Nissan’s research centre in Kanagawa Prefecture has built a prototype production facility for laminated all-solid-state battery cells, offering cheaper faster charging EVs that can compete with fossil-fuelled vehicles.
Posted: 08/04/2022
Over 1,300 of the largest UK-registered companies and financial institutions now have to disclose climate-related financial information on a mandatory basis. This will include many of the UK’s largest traded companies, banks and insurers, as well as private companies with over 500 employees and £500m in turnover.
Posted: 06/04/2022
UNICEF and the Z Zurich Foundation are seeking partners from the private and public sectors to join the Global Coalition for Youth Mental Well-being, an initiative being launched to address the severe global shortage of funding and action in support of young people’s mental health.
Posted: 07/04/2022
The Government’s British Energy Security Strategy is due to be revealed, designed to reduce the UK’s dependence on carbon sources of energy.
Posted: 07/04/2022
The Digital Poverty Alliance, alongside Barclays and Intel, have started to roll out its second stage of Tech4Teachers, a new project which provides laptops to teachers to improve the quality of teaching at schools across the UK.
Posted: 06/04/2022
The Environmental Audit Committee (EAC) has called for estimates of greenhouse gas emissions to be published alongside GDP figures to indicate properly whether economic growth and slashing emissions can be achieved together.
Posted: 06/04/2022
Sky News is reporting that the Government’s hydrogen targets are set to be doubled in the wake of the energy crisis.
Posted: 06/04/2022
The Government will create a new public body to strengthen the resilience of the UK’s energy system.
Posted: 06/04/2022
A new wide-ranging plan would enable the UK to end its dependence on gas for electricity within five years with new renewable energy.
Posted: 05/04/2022
UN Secretary-General António Guterres (pictured) has launched the High-Level Expert Group on the Net-Zero Emissions Commitments of Non-State Entities to provide scrutiny of corporate and non-state net-zero target standards and reporting.
Posted: 05/04/2022
A report by MPs in the House of Commons Environmental Audit Committee has called for a border tax on carbon-intensive imports.
Posted: 04/04/2022
Almost 1,000 green buses are being rolled out with the backing of nearly £200m in Government funding.
Posted: 04/04/2022
Seawater could be used to store renewable energy, generate electricity and provide clean drinking water.
Posted: 04/04/2022
SSE has taken the next step in its green hydrogen programme with Siemens Gamesa Renewable Energy, unveiling plans to produce and deliver green hydrogen through renewably powered electrolysis
Posted: 04/04/2022
PA Consulting has committed £10m to the new PA Foundation over the next five years to support disadvantaged groups across its global communities.
Posted: 01/04/2022
Vattenfall is planning to decarbonise urban buildings in Edinburgh and, with its partner Midlothian Council and local authorities in both cities, distribute clean heat to domestic and commercial customers in both cities.
Posted: 01/04/2022
Zurich Insurance Group is bringing forward its target to achieve net-zero emissions in its operations by 20 years.
Posted: 31/03/2022
Climate VC is positioning itself as an impact-first VC, seeking to fund specialist climate tech with oversight from an Impact Advisory Board including Ed Gillespie (pictured) a member of Greenpeace’s board of directors.
Posted: 31/03/2022
British Airways becomes the first airline in the world to use sustainable aviation fuel (SAF) produced on a commercial scale in the UK after signing a multi-year agreement with Phillips 66.
Posted: 31/03/2022
Nasdaq has launched new commodity reference price indexes to support standardisation and transparency in the carbon removal market.
Posted: 31/03/2022
The 13th annual Banking on Climate Chaos report underscores the disparity between public climate commitments being made by the world’s largest banks, and the reality of their largely business-as-usual financing to the fossil fuel industry.
Posted: 30/03/2022
Australian renewable green energy company Fortescue Future Industries (FFI) and E.ON and to partner in a scheme to deliver up to five million tonnes per annum of green, renewable hydrogen (GH2) to Europe by 2030.
Posted: 30/03/2022
A survey of over 2,000 people, commissioned by Big Society implies that people, on average, will opt for investments tackling social over environmental challenges when given the choice.
Posted: 30/03/2022
The UK ETS Authority is seeking views on the development of the UK Emissions Trading Scheme including a review of maritime shipping and aviation.
Posted: 30/03/2022
GE is exploring options for blends of natural gas and hydrogen at Uniper’s gas-fired power plant in Grain, Kent.
Posted: 30/03/2022
Scottish Widows today announced another £1.5bn worth of divestments in a new update to its exclusions policy, which contains a commitment to divest from tobacco firms.
Posted: 28/03/2022
New research published today by RenewableUK shows the UK’s total pipeline of offshore wind projects is now more than eight times our current operational capacity at 86GW.
Posted: 28/03/2022
The Government plans will take a 20 per cent stake in the proposed Sizewell C nuclear power plant as part of a new UK energy strategy.
Posted: 28/03/2022
BP will invest £1bn in electric vehicle charging in the UK via its Pulse business tripling the number of public charging points in BP’s UK network.
Posted: 25/03/2022
NatWest Group has informed its shareholders they will have the opportunity to have a ‘Say on Climate at its AGM through the bank’s first climate resolution.
Posted: 25/03/2022
ISS ESG, the responsible investment arm of Institutional Shareholder Services has announced the launch of the ISS ESG Water Risk Rating.
Posted: 24/03/2022
A new report reveals that the global shipping and port industry is susceptible to billions of dollars in infrastructure damage and trade disruption from climate change impacts.
Posted: 24/03/2022
Reclaim Finance and more than 15 NGOs have launched the Oil and Gas Policy Tracker (OGPT). The tool is the first of its kind assessing in detail the oil and gas exclusion policies (or lack thereof) of the 150 biggest financial institutions worldwide.
Posted: 22/03/2022
With the joint ambition of raising awareness and promoting protection of biodiversity, Federated Hermes has launched a biodiversity equity fund with insights from the Natural History Museum.
Posted: 22/03/2022
A new initiative to help ensure greater workplace inclusion of the neurodivergent community has been formed.
Posted: 22/03/2022
The Intergovernmental Panel on Climate Change (IPCC) will be assessing the ability and practicality of using technological solutions to carbon removal in a report to be published in early April.
Posted: 21/03/2022
Arup and the Ellen MacArthur Foundation have launched a practical toolkit designed to bring a circular economy for buildings into the mainstream, future-proofing assets as sustainability policies redraw the real estate landscape.
Posted: 21/03/2022
Dettol to Gaviscon maker Reckitt is partnering with over 35 businesses and organisations close to its Hull site to develop an innovative economic model to reduce carbon emissions and support a net-zero future.
Posted: 17/03/2022
Defra has set new targets and an ‘ambitious’ plan for nature recovery and to increase air quality.
Posted: 17/03/2022
In a move to prevent ‘carbon offshoring’ the EC has reached an agreement on its Carbon Border Adjustment Mechanism (CBAM) regulation, a part of the Fit for 55 package.
Posted: 16/03/2022
EDF Renewables UK and Hynamics, a subsidiary of EDF Group specialising in hydrogen, are announcing plans to invest significantly in their Teesside operation, supporting local and Government aspirations to regenerate Tees Valley by investing in decarbonisation.
Posted: 16/03/2022
ClientEarth is taking legal action against the board of directors of Shell, seeking to hold it liable for failing to properly prepare for the energy transition.
Posted: 16/03/2022
Investors now expect their fund managers to do much more than assessing risk and return, also looking for them to help navigate sustainability issues in much greater depth, according to a survey by Triodos Bank.
Posted: 15/03/2022
A new sustainability report from the Institute of Chartered Accountants of Scotland (ICAS) finds current system is not serving the public interest.
Posted: 15/03/2022
“Investors will no longer tolerate a glaring gap between a company’s words and their actions on climate,” commented Charlotta Dawidowski Sydstrand, sustainability strategist at AP7.
Posted: 15/03/2022
With 36 cosmetics, personal care companies and professional associations, the EcoBeautyScore Consortium has been formed with the aim of developing an industry-wide environmental impact assessment and scoring system for cosmetics products.
Posted: 14/03/2022
Aberdeen City Council and BP are forming a joint venture partnership that will deliver a scalable green hydrogen production, storage and distribution facility in the city powered by renewable energy.
Posted: 14/03/2022
Ford expects its annual sales of electric vehicles in Europe to exceed 600,000 units in 2026 and supports the company goal to sell more than two million EVs globally by that date.
Posted: 14/03/2022
The International Finance Corporation (IFC) and the World Economic Forum (WEF) have announced an enhanced global partnership to tackle challenges facing public and private sector collaboration.
Posted: 11/03/2022
Batteries produced or sold in the EU would need to comply with new environmental standards and checks to see if their raw materials are responsibly sourced, according to a draft law backed by the European Parliament.
Posted: 11/03/2022
A month after the European Commission approved the inclusion of fossil gas and nuclear energy into the EU taxonomy, 92 NGOs and CSOs, including BankTrack, have called on financial institutions to reject it, calling the system “greenwashing”.
Posted: 11/03/2022
Recognising the pioneers of sustainability, the second annual National Sustainability Awards are now open for entries. Seeking to display the best of innovation and the breadth of impact across all sectors, this year sees several additional categories so that more organisations from an even wider range of activities can help demonstrate their commitment and share best practice.
Posted: 10/03/2022
UN climate envoy John Kerry has stated that he believes the pledge to provide $100bn annually to poorer nations to aid in climate protection can happen this year and will definitely reach that figure by 2023.
Posted: 10/03/2022
The Blue Recovery Leaders Group inaugural meeting at the Wildfowl & Wetlands Trust (WWT) Slimbridge Wetland Centre signed a “statement of intent” which commits them to exploring ways to work together to help create the network of wetlands.
Posted: 10/03/2022
A new study reveals the challenges to adopting a greener lifestyle, with 68 per cent of the UK admitting they aren’t doing everything they could to help the environment.
Posted: 10/03/2022
Octopus Renewables has signed four major new deals to accelerate wind power generation across Europe.
Posted: 10/03/2022
If Europe’s most carbon-intensive companies caught up with the best climate performers, corporate emissions in Europe could be cut in half, according to a new report by CDP and Oliver Wyman.
Posted: 09/03/2022
Peace, whilst every right-minded person’s dream, brings complacency. This is a theme that history has seen repeated over and over.
Posted: 09/03/2022
Shell is still purchasing Russian crude oil saying that although such a decision is difficult it has no alternative if it is to supply energy to the EU.
Posted: 07/03/2022
The IEA has released a 10-Point Plan for how the EU can reduce its reliance on Russian natural gas imports while sticking to its climate goals in light of the Russian invasion of the Ukraine.
Posted: 07/03/2022
Major US corporates including Amazon, Chevron, ExxonMobil and Tesla are failing to live up to the Paris Agreement goals, whilst both Microsoft and PepsiCo proved their commitment to the planet.
Posted: 04/03/2022
The world’s biggest multi-retailer refill trial is about to begin in the UK.
Posted: 04/03/2022
Carmaker Stellantis, through its Foundation, is committing €1m in humanitarian aid to support the Ukrainian refugees and civilians displaced by the current crisis. With the support of Stellantis’ head of operations in Ukraine, Stellantis will rely on a local NGO to support Ukrainians in using this fund.
Posted: 03/03/2022
AIG has announced a commitment to achieve net-zero greenhouse gas (GHG) emissions across its global underwriting and investment portfolios by 2050, or sooner.
Posted: 03/03/2022
The CEOs of ten of the world’s leading accountancy institutes, including ICAEW and ICAS in the UK, have joined together to support a new call to action in response to the nature crisis, ahead of the upcoming UN Convention of Biological Diversity (CBD) COP 15.
Posted: 03/03/2022
TotalEnergies is being taken to court over claims that it uses ‘greenwashing’ with misleading advertising to convince consumers it can become carbon neutral by 2050, despite continuing to promote and sell more fossil fuels.
Posted: 03/03/2022
Nearly 200 countries have agreed to negotiate an international agreement on plastic pollution.
Posted: 03/03/2022
Phoenix Group has become the first financial services company to adopt the Social Value Portal – a tool which will enable it to measure and manage the contribution that its business and supply chain makes to society.
Posted: 02/03/2022
Forestry England and delivery service provider DPD have forged a four-year partnership to plant and restore woodland across England to tackle climate change and create positive benefits for local wildlife and communities.
Posted: 02/03/2022
After BP cut its links to Russia, a growing number of other major companies have pulled out or significantly reducing their services, including Maersk, Shell, Apple, American Express, Equinor, Visa and Mastercard, Airbus and Boeing and fellow oil giant ExxonMobil.
Posted: 02/03/2022
Germany is to try and obtain all of its energy from renewable sources by 2035, an earlier date than the previous estimate of “before 2040”.
Posted: 01/03/2022
The latest Intergovernmental Panel on Climate Change (IPCC) report has made a stark warning that even temporarily exceeding the 1.5C limit of Paris will result in additional severe impacts, some of which will be irreversible.
Posted: 28/02/2022
As the EU discusses new legislation to certify carbon removal technologies, European Science Academies are cautioning that billions of taxpayers’ money might go to technologies that fail to deliver.
Posted: 28/02/2022
Swapping solid slab floors for a ‘thin shell’ vaulted alternative could help the construction industry towards its net-zero targets.
Posted: 28/02/2022
Silverstone-based Lunaz has unveiled its first upcycled industrial electric vehicle (UEV), creating a new classification of electric vehicles.
Posted: 24/02/2022
Allianz Global Investors has stated that it expects EU large-caps to include ESG KPIs in executive remuneration policies and will vote against pay policies in 2023 if this is not included.
Posted: 24/02/2022
Over £300bn of UK pension money is invested in companies and financial institutions with high deforestation risk according to joint research by Make My Money Matter, SYSTEMIQ and Global Canopy.
Posted: 23/02/2022
The UK electricity system in 2035 can be clean, affordable and keep the lights on, but major investment in long duration storage is urgently needed to ensure energy security.
Posted: 23/02/2022
Airbus has signed a partnership agreement with CFM International, a joint venture between GE and Safran Aircraft Engines, to collaborate on a hydrogen demonstrator that will take flight around the middle of the decade.
Posted: 23/02/2022
The current situation on the Russia-Ukraine front and subsequent employment of sanctions will have far reaching effects. A major decision has been the shuttering of the controversial Nord Stream 2 gas pipeline.
Posted: 23/02/2022
2021 was a significant year for the UK solar industry, with each of the three market segments – residential rooftop, commercial scale and ground-mount – seeing huge growth.
Posted: 22/02/2022
Greg Hands, Minister of State for Business, Energy and Clean Growth, has stated that Britain is “on track” to see renewable energy provide most of its electricity by the end of the decade.
Posted: 21/02/2022
London mayor Sadiq Khan will issue ‘City Hall’ green bonds in a £90m programme designed to increase the Capital’s sustainable infrastructure.
Posted: 02/02/2022
EY Carbon has been launched, backed by £100m of investment, will recruit over 1,300 professionals over the next three years in response to the Chancellor’s announcement during COP26 mandating all UK-listed businesses and financial institutions to publish net-zero plans by 2023.
Posted: 21/02/2022
Crédit Agricole became the first major bank to exclude coal developers and to request an exit plan from the sector in 2019, but three years later, the bank has failed to properly enforce its policy.
Posted: 21/02/2022
CNP Assurances has strengthened its framework for investment in fossil fuels by making four commitments
Posted: 18/02/2022
PepsiCo has announced the creation of a new North America organisation dedicated to efforts both inside and outside of the company to help address inequalities for historically excluded people and under-served businesses and communities.
Posted: 18/02/2022
Synetiq has signed a green parts contract with esure, to supply quality graded, recycled parts to its repairer network, and support the insurer’s efforts in the decarbonisation of its supply chain. The new agreement builds on an existing partnership between the two companies that began in 2019; and will help esure policyholders play their own part in reducing the CO2 impact of collision repair.
Posted: 17/02/2022
Net flows into ESG funds were down 115 per cent in January 2022 compared with the same month last year, according to data from Hargreaves Lansdown, which reported its first month of negative net flows into ESG funds since March 2020.
Posted: 15/02/2022
A new study has uncovered a considerable lack of confidence on the part of global executives in their own organisations’ approach to reputational and ESG ‘risk readiness’, with many reporting that only a moderate amount of assessment has gone into these areas, according to a report published by WTW.
Posted: 14/02/2022
Less than 5 per cent of suppliers to large corporates have climate transition plans in place. This is according to the CDP report that surveyed corporate members.
Posted: 11/02/2022
The Ocean Risk and Resilience Action Alliance is leading a new initiative designed to protect the welfare of the ocean and its ecosystems. Backed by Bank of America, Axa, WTW, Palladium and WWF, the new global finance ecosystem is expected to channel hundreds of dollars into coastal and ocean natural capital by 2030.
Posted: 11/02/2022
ZipCharge Go is a power pack that can be charged inside the home then used to charge EVs on the street or in remote locations.
Posted: 10/02/2022
A survey of retailers by Barclays Corporate themselves shows that the pressure to act ethically and sustainably is having a sizeable commercial impact on the retail industry’s supply chain, with more than £7.1bn of supplier contracts cancelled in the past year alone as retailers seek to improve their credentials.
Posted: 10/02/2022
SSE hopes to deliver fivefold increase in its renewable output and cut carbon intensity by 80 per cent by 2030, building a renewable energy portfolio that generates at least 50TWh of renewable electricity.
Posted: 09/02/2022
The Government has announced that it will be holding Contracts for Difference (CfD) auctions annually, to accelerate the UK’s adoption of renewable power and improve energy security.
Posted: 09/02/2022
The UK’s largest pension insurance specialist, Rothesay, has signed a ten-year carbon dioxide removal agreement with Climeworks making the insurer’s own operations over the next ten years net-zero by 2030.
Posted: 08/02/2022
Twenty-five of the world’s largest companies are only likely to reduce their emissions by 40 per cent on average, not 100 per cent as suggested by their net-zero and carbon neutral claims.
Posted: 08/02/2022
The Institutional Investors Group on Climate Change (IIGCC) has proposed a new private equity component for the Net Zero Investment Framework (NZIF) first published by the Paris Aligned Investment Initiative (PAII) in March 2021.
Posted: 07/02/2022
ClientEarth has raised a legal challenge to the EU’s controversial ‘green’ taxonomy that currently includes gas and nuclear energy.
Posted: 07/02/2022
The Government has approved the Abigail field, a new oil and gas development in the North Sea.
Posted: 04/02/2022
UK motorists bought 13,000 new electric cars this month, an increase of 7,000 compared to January 2021.
Posted: 04/02/2022
Britishvolt and Glencore are to develop a ecosystem for battery recycling in the UK, anchored at a new recycling plant located at Glencore’s Britannia Refined Metals operation in Northfleet.
Posted: 03/02/2022
BP has acquired a 30 per cent stake in Green Biofuels, the UK’s largest provider of hydrogenated vegetable oils (HVO) and a producer of a low emission fuel that can be used as a direct drop-in replacement for diesel.
Posted: 03/02/2022
Data is starting to confirm a surge in energy investment that will also accelerate the transition for energy-using sectors.
Posted: 03/02/2022
Offshore wind, hydrogen production and CO2 capture ware to be added to the remit of Oil & Gas UK (OGUK) causing the trade body to rename itself Offshore Energies UK (OEUK).
Posted: 02/02/2022
BP Pulse’s strategic growth strategy has created a new hub at Q-Park at Gatwick, the first in a number of major installations planned for 2022, with development already underway on an ultra-fast hub at Heathrow Airport.
Posted: 02/02/2022
The port of Rotterdam is associated with almost 14 million tonnes of CO2 each year, putting it on a par with Europe’s fifth biggest industrial polluter, the Weisweiler coal power plant in Germany, a new study ranking ports’ carbon emissions shows.
Posted: 02/02/2022
Four carriers, Air France-KLM, EasyJet, Ryanair and DPDHL, have joined forces with environmental groups in the Fuelling Flight Initiative to help advance a key draft EU law or climate-friendly jet fuels.
Posted: 01/02/2022
HSBC will invest $100m to accelerate green technologies earmarked by Breakthrough Energy Catalyst, a private-public programme supported by Bill Gates.
Posted: 01/02/2022
A new report into nature-based solutions (NbS) that “protect, sustainably manage, and restore natural and modified ecosystems” will need to rise by 140 per cent by 2050 to meet climate and biodiversity goals
Posted: 31/01/2022
NextEnergy Capital (NEC) has announced the final close of fundraising for its NP III ESG, bringing the total capital raised to $896m, and making the total capital pool for its investment strategy over $905m.
Posted: 31/01/2022
Sky is creating a two-year partnership with Sir Lewis Hamilton’s charitable foundation, Mission 44 to address the disproportionately high rate of school exclusions among Black students in the UK.
Posted: 31/01/2022
A PwC report ranks the UK top in Europe for total climate tech Venture Capital funding between 2013 and the first half of 2021 and saw investment levels in excess of £6.5bn.
Posted: 28/01/2022
Following the introduction of PepsiCo Positive, the company’s strategic sustainability plan, the company will target the elimination of virgin fossil-based plastic in all its crisp and chip bags
Posted: 28/01/2022
The Barclays Green Home Buy-to-Let Mortgage is designed to reward customers looking to buy to let – who choose to buy an energy efficient new build home with lower interest rates on their mortgage.
Posted: 28/01/2022
A letter to CEOs has been published from the current CEOs of Co-operative Group and Marks and Spencer calling for a move to greater diversity, as the FCA has also published a proposal that might link progress to diversity to remuneration in the financial sector.
Posted: 28/01/2022
A new McKinsey report has taken a holistic view of the global transition to net-zero by 2050 across all sectors of the economy, with the consultancy predicting that it would mean a fundamental transformation of power, industry, mobility, buildings, agriculture, forestry and other land use, and waste.
Posted: 27/01/2022
The EU ‘green’ taxonomy will not be changing, and nuclear and gas will stay on the list, despite protests that such fuels cannot be regarded as sustainable, Financial Markets Commissioner Mairead McGuinness (pictured) reaffirmed this week.
Posted: 27/01/2022
TotalEnergies, Masdar and Siemens Energy have signed a collaboration agreement to act as co-developers on green hydrogen demonstrator plant at Masdar City that will convert carbon dioxide into Sustainable Aviation Fuel (SAF).
Posted: 26/01/2022
The environment has many challenges, but it is not made any easier by the somewhat elastic terms that are used, resulting in the at time justified claims of ‘greenwash’, and bad science that used manipulated or incomplete data to deny the reality of the threats to our climate.
Posted: 26/01/2022
The first battery-powered Bentley will be built at the company’s Crewe plant. The new Bentley Dream Factor’ is being hailed as an industry-leading sustainable investment with go-to-zero approach on manufacturing to reduce environmental impact to a minimum for every vehicle built.
Posted: 26/01/2022
The National Lottery Community Fund has granted £6m to 21 local community projects focussed on the environment and wase reduction.
Posted: 25/01/2022
The European Banking Authority (EBA) has published the final draft implementing technical standards (ITS) on Pillar 3 disclosures on Environmental, Social and Governance (ESG) risks.
Posted: 25/01/2022
The Berkeley Foundation has committed a further £1m to The Money House, run by charity MyBnk.
Posted: 25/01/2022
Aviva Investors is getting personal in its attempts to bring corporates in line with environmental concerns, seeking to remove directors that continue to take part in deforestation.
Posted: 25/01/2022
The Universities Superannuation Scheme (USS) has introduced a ‘climate tilt’ to a portion of the equities held by the scheme, in a move that is expected to shift around £5bn into a climate transition index.
Posted: 25/01/2022
Over 450 scientists have signed a letter calling on public relations and advertising agencies to stop working with fossil fuel companies.
Posted: 24/01/2022
SSE has announced details of its first solar project that will deliver 30MW as part of a £12.5bn investment programme.
Posted: 24/01/2022
Britishvolt’s plans for a Gigafactory has secured an extra £100m of taxpayer funding and £1.7bn from Abrdn and Tritax Group to help fund its Northumberland facility.
Posted: 21/01/2022
Oft seen as a laggard among the oil majors, ExxonMobil has finally announced an ambition to achieve net-zero greenhouse gas emissions for operated assets by 2050, although full details are yet to be revealed.
Posted: 19/01/2022
Large and medium-sized organisations report improving sustainability as the third biggest challenge they face with greater focus being put on bringing social and environmental concerns in line with factors affecting profitability, according to the Road to Net-Zero report.
Posted: 19/01/2022
As required by the Climate Change Act 2008, the Government has undertaken the third five-year assessment of the risks of climate change on the UK.
Posted: 18/01/2022
More than 70 major brands such as Coca Cola, IKEA, PepsiCo and Unilever have called for a global pact to combat plastic pollution.
Posted: 18/01/2022
A letter from the Prudential Regulation Authority’s (PRA) has asked CEOs to consider priorities for international banks in 2022, with the financial risks arising from climate change prominent amongst these.
Posted: 17/01/2022
Burberry has refinanced its Revolving Credit Facility (RCF) to a £300m Sustainability Linked Loan, coordinated by Lloyds Bank.
Posted: 17/01/2022
Seventeen projects with a combined potential generating capacity of 25GW have been successful in the ScotWind leasing auction overseen by Crown Estate Scotland.
Posted: 17/01/2022
Carbon offsets could reach $120 per tonne by 2050, according to research company BloombergNEF (BNEF).
Posted: 17/01/2022
Certified green issuance reached $200bn in 2021 establishing a new milestone for international green investment.
Posted: 14/01/2022
ClientEarth is taking the Government to court over what it calls its ‘inadequate net-zero strategy’, arguing that its failure to set out credible policies to tackle climate change is unlawful.
Posted: 14/01/2022
Sovereign wealth funds are increasingly focusing on sustainability-centred products according to data acquired by Finbold.
Posted: 14/01/2022
Roadchef has hit a total fundraising target of £3m for its charity partner Cancer Research UK over the course of the last four years. The milestone comes as the partnership between Roadchef and the charity moves into its fifth year in 2022.
Posted: 13/01/2022
Governments need to significantly improve renewable electricity procurement options and reduce regulatory hurdles that are stopping businesses from transitioning to net-zero.
Posted: 13/01/2022
Adults are quitting their attempts at forming pro-planet habits after just 13 days.
Posted: 13/01/2022
Breakthrough Energy Catalyst (BEC) is looking to mobilise up to $15bn in clean tech ventures in the UK, US and EU.
Posted: 12/01/2022
Swiss-based building materials company Holcim is partnering with the German start-up Magment to improve its magnetisable concrete technology for road surfaces enabling electric vehicles to recharge wirelessly while in motion.
Posted: 12/01/2022
Blackstone Infrastructure Partners is making a $3bn equity investment in Invenergy Renewables Holdings, the largest private renewable energy company in North America.
Posted: 11/01/2022
The Copernicus Climate Change Service has released its annual findings which show that globally 2021 was among the seven warmest on record. Europe experienced a summer of extremes with severe heatwaves in the Mediterranean and floods in central Europe. Meanwhile, global concentrations of carbon dioxide and – very substantially – methane continued to increase.
Posted: 11/01/2022
Octopus Renewables has signed up three new corporate and utility power purchase agreements (PPAs) in November and December 2021 for businesses spanning retail energy, building materials and paper products.
Posted: 10/01/2022
UK domestic flights could be operated by electric and hydrogen aircraft as early as 2028, a new policy paper by Transport & Environment (T&E) states.
Posted: 10/01/2022
Electricity generated from coal could hit a new annual record in 2021, undermining efforts to reduce greenhouse gas emissions and potentially putting global coal demand on course for an all-time high next year, the International Energy Agency (IEA) said in its latest annual market report.
Posted: 10/01/2022
Government funding of £19m has been announced to help expand the UK’s heat networks, with five new networks in Bristol, Liverpool, London and Worthing, providing low-carbon heating solutions.
Posted: 07/01/2022
Tesco is using two new 37 tonne DAF electric vehicles to transport food and other products from Wentloog rail terminal outside Cardiff to Tesco’s distribution centre in Magor, Wales, in partnership with logistics and international freight forwarding company FSEW.
Posted: 07/01/2022
Registration is now open for the 2022 Sustainable Investment Summit, a one-day conference that focuses on how return targets can be met through sustainable investing.
Posted: 06/01/2022
New car sales data for December shows that the market share of petrol cars has fallen below 50 per cent, with a book in the EV market.
Posted: 06/01/2022
A road legal prototype Mercedes-Benz has managed to travel 422 miles on one charge, 77 miles further than any other car previously tested.
Posted: 06/01/2022
Vattenfall and Feenstra have launched a high-temperature heat pump solution that can replace gas boilers.
Posted: 05/01/2022
What is ‘green’? the whole point of the EU’s green taxonomy was to create agreed definitions, but nation interests have made this a battleground.
Posted: 05/01/2022
In a New Year’s speech, the Prime Minister of Denmark has announced that all domestic flights will use non-fossil fuels by 2030.
Posted: 04/01/2022
SEB’s Green Bond report predicts that 2022 could see a jump of 25 per cent in global investments in renewable energy to $400 bn, and sustainable financing will reach a total of around $2.tr, driven mainly by strong growth in green bond issuance.
Posted: 04/01/2022
The Environmental Protection Agency (EPA) is finalising a new stringent federal greenhouse gas (GHG) emissions standards for passenger cars and light trucks.
Posted: 22/12/2021
The newly launched Arrival Car has been designed specifically for the ride hailing industry.
Posted: 21/12/2021
The FCA has published two Policy Statements confirming final rules and guidance to promote better climate-related financial disclosures.
Posted: 21/12/2021
Anglo American is starting to develop hydrogen power technologies for its mining and freight haulage.
Posted: 21/12/2021
M&S’ recently refreshed its Plan A sustainability strategy which will now include a new commitment to reach net-zero across operations, its global supply chain and products by 2040.
Posted: 20/12/2021
UBS Asset Management have removed holdings in five energy companies: Exxon Mobil, Imperial Oil, Kepco, Marathon Oil and Power Assets due to their lack of progress in transitioning to a low carbon future.
Posted: 20/12/2021
New Transport and Environment (T&E) analysis finds that the emissions reduction trajectory proposed by the European Commission sets a far too generous emissions budget for 2021-2030. Weaknesses in the regulation mean that, by 2030, emissions in the Effort Sharing Regulation (ESR) sectors would not be cut by 40 per cent, as envisaged by Fit for 55, but by a mere third.
Posted: 20/12/2021
AstraZeneca is partnering with Future Biogas to build a new renewable energy plant to generate biomethane as a substitute for natural gas to provide a renewable source of heat and power for AstraZeneca’s UK sites in Macclesfield, Cambridge, Speke, and Luton.
Posted: 20/12/2021
Cadent and Equinor are working together to assess what a hydrogen town conversion could look like in Lincolnshire. Converting the gas networks of a town from natural gas to fully low carbon hydrogen would drastically reduce the carbon emissions linked to home heating and could bring down overall emissions in the town by around a quarter.
Posted: 20/12/2021
Official polling published today by the Department for Business, Energy and Industrial Strategy shows that the percentage of people in the UK who are concerned about climate change has reached a record high.
Posted: 20/12/2021
The Spanish government will invest €6.9bn in renewable technology over the next two years as it aims to attract a similar amount from private finance under its COVID-19 recovery plan.
Posted: 15/12/2021
BP, the operator of Net Zero Teesside Power (NZT Power) and ‎the Northern Endurance Partnership (NEP), has awarded contracts as part of its dual Front ‎End Engineering Design (FEED) competition to two separate consortiums of engineering, ‎carbon capture licensors, power providers and EPC contractors.‎
Posted: 15/12/2021
New requirements for parking spaces at homes and work to be pre-wired for electric car chargers have been proposed by the EU.
Posted: 15/12/2021
What is thought to be the world’s first trial of public EV inductive charging has been installed in Marlow, Buckinghamshire. The contactless technology enables electric vehicles to be charged automatically without need for cables or any driver interaction with a charge point.
Posted: 15/12/2021
Defined benefit (DB) pension schemes are taking an increased focus on de-risking their investment strategy, including an increasing consideration of ESG matters, according to Aon’s Global Pension Risk Survey 2021/22.
Posted: 15/12/2021
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global (GPFG), has revealed it has refrained from investing in nine companies this year following pre-screening of more than 400 companies.
Posted: 15/12/2021
The Green Finance Institute is launching a new online knowledge resource, GFI Hive, designed to share the latest information and insights on how to increase private investment in nature restoration and nature-positive outcomes in and for the UK.
Posted: 13/12/2021
Walmart has created a supply chain finance programme that drives greenhouse gas emissions reductions through CDP’s TCFD-aligned disclosures, and the first time, uses science-based targets (SBTi) to do so in a way that aims for a 1.5C pathway.
Posted: 13/12/2021
Octopus Energy Group has forged a long-term strategic partnership with Canada Pension Plan Investment Board (CPP Investments). This global partnership is formed of an initial $300m equity investment from CPP Investments with an aspiration to grow the level of committed capital over time.
Posted: 13/12/2021
The Market Drayton McDonald’s has achieved net-zero status in both construction and operation.
Posted: 13/12/2021
The growth of the world’s capacity to generate electricity from solar panels, wind turbines and other renewable technologies is on course to accelerate over the coming years, with 2021 expected to set a fresh all-time record for new installations, the IEA predicted in a new report.
Posted: 13/12/2021
Congratulations to all the shortlisted companies and the winners at the 2021 Awards. In a year where the efforts of organisations have been needed by so many, it was wonderful to see so many great schemes to help support innovation, communities and charities.
Posted: 09/12/2021
The Government is funding new green technologies including carbon capture and hydrogen with over £116m as part of the UK’s green industrial revolution.
Posted: 09/12/2021
The State Secretariat for Economic Affairs, UBS Optimus Foundation, Credit Suisse Foundation and the Swiss Agency for Development and Cooperation (SDC) have launched the Sustainable Development Goals Impact Finance Initiative. The initiative aims to mobilise CHF 1 bn in private capital to advance measurable impact in developing countries.
Posted: 09/12/2021
The Climate Change Agreements (CCA) scheme, which offers tax benefits to firms which agree to energy efficiency targets, has delivered a reduction in emissions of 6.6 million tonnes of carbon dioxide equivalent during 2019 and 2020.
Posted: 09/12/2021
VW Group has concluded its first sustainability linked loan, with the interest rate dependent on achieving European CO2 fleet emission targets
Posted: 08/12/2021
BP has taken a major step into the US with the acquisition of AmplyPower, an electric vehicle charging and energy management provider for fleets that operate trucks, transit and school buses, vans and light-duty vehicles.
Posted: 08/12/2021
Synthetic fuel emits as much poisonous nitrogen oxides (NOx) as fossil fuel engines, new emissions testing shows.
Posted: 07/12/2021
Distribution company CitySprint has partnered with the Trussell Trust to support its mission to end the need for food banks in the UK, and CitySprint will be donating £20,000 per year to the Trussell Trust to help achieve this.
Posted: 07/12/2021
Last week we held the Better Society Awards 2021. Due to the pandemic, it was a little later in the year than normal, but a great time was had by all I am glad to say. But this means we will now try and get things back to its original slot for next year- and in turn that means we are launching the 2022 Better Society Awards now, with an entry date of 17 February.
Posted: 06/12/2021
BT Group has announced a new manifesto to create responsible growth and address the rising e-waste challenge by building towards a circular economy by 2030 and a circular technology and telecommunications ecosystem by 2040.
Posted: 06/12/2021
The future of the Cambo oil field was thrown into doubt as Shell pulled out of the controversial oil field near Shetland.
Posted: 06/12/2021
There were a record number of job vacancies in the UK this year centred around environment, social and governance (ESG) – with more anticipated in 2022 according to global recruiter Robert Walters.
Posted: 06/12/2021
The announcement that Global Energy Group and its partners are investing £110m in building the UK’s largest offshore wind turbine tower manufacturing plant in the Port of Nigg to the north of Inverness and SSE Renewables announcing its placing manufacturing orders with the factory for its pipeline of UK offshore wind projects takes the annual total of new investment in UK offshore wind manufacturing facilities this year to over £1bn.
Posted: 06/12/2021
A concept aircraft unveiled by the Aerospace Technology Institute (ATI) could fly up to 279 passengers between London and San Francisco or Auckland with zero-carbon emissions with the same speed and comfort as today’s aircraft, revolutionising the future of air travel.
Posted: 06/12/2021
The Count Us In Employee Challenge has gained several new participating organisations in the shape of BCG, Bloomberg, Deloitte, Goldman Sachs, Kyan, NatWest Group, Ooni, ScottishPower and Spectris. (Founder Nigel Topppping pictured.)
Posted: 02/12/2021
Iberdrola and H2 Green Steel have signed an agreement to build a green hydrogen plant with an installed capacity of 1GW and an estimated investment of €2.bn, and the new plant will power with clean fuel a direct steel reduction furnace with a capacity to produce around 2 million tonnes per year of pure green steel, with a 95 per cent reduction in CO2 emissions.
Posted: 02/12/2021
Make My Money Matter has announced that £1tr of investments from UK pensions are now in ‘robust’ net-zero commitments. The announcement ends the year on several high notes for the campaigning organisations, including helping 70 businesses green their pensions.
Posted: 02/12/2021
Nissan has been given the green light to install an additional 20MW solar farm at its UK plant, a milestone for its EV36Zero project and the company’s journey to carbon neutrality.
Posted: 02/12/2021
Sustainability is now the top global business investment priority, and the overwhelming majority of companies see clear competitive advantage from their sustainability focus and the goal of achieving net-zero carbon.
Posted: 02/12/2021
A new climate disclosure framework for small and medium-sized enterprises (SMEs) has been released by CDP.
Posted: 01/12/2021
The EU’s plan to mandate green hydrogen in the EU energy mix by 2030 could drive up demand for electricity by almost one-fifth, new Transport & Environment (T&E) analysis shows. This would add pressure on electricity demand unless a far faster renewable energy sourcing can bd created.
Posted: 01/12/2021
The growth of the world’s capacity to generate electricity from solar panels, wind turbines and other renewable technologies is on course to accelerate over the coming years, with 2021 expected to set a fresh all-time record for new installations, the IEA says in a new report.
Posted: 01/12/2021
AstraZeneca UK is partnering with Forestry England and Borders Forest Trust (alongside their global partner One Tree Planted) to launch a multi-year programme to plant over one million trees across the country by 2025.
Posted: 30/11/2021
Young people across Europe are demanding changes to transform the food system to be more sustainable, including promoting regenerative agriculture, defining uniform nutrition and labelling guidelines, and making food systems more inclusive.
Posted: 30/11/2021
BP is planning its first green hydrogen project in the UK, a new large-scale green hydrogen production facility in the North East of England that could deliver up to 500Mwe (megawatt electrical input) of hydrogen production ‎by 2030.
Posted: 29/11/2021
HiiROC has completed a £26m investment new investors including Melrose Industries, HydrogenOne, Centrica, Hyundai and Kia, to develop its clean hydrogen technology.
Posted: 29/11/2021
The first annual analysis of major energy company transition plans to be released since COP26 has found that only 1 in 10 are ambitious enough to keep global warming to 1.5C.
Posted: 29/11/2021
Nissan has announced a new programme called Nissan Ambition 2030 to become a truly sustainable company.
Posted: 29/11/2021
Vodafone is working with Crossflow Energy and Cornerstone to deploy self-powered mobile masts, with trial deployment starting this year.
Posted: 29/11/2021
Extinction Rebellion (XR) has targeted 13 Amazon warehouses across the UK in a protest against the working conditions and environmental damage of the retailing giant.
Posted: 26/11/2021
Octopus Energy has entered the Italian energy sector with the acquisition of energy firm SATO Luce e Gas.
Posted: 25/11/2021
The Government has unveiled its biggest investment to date in tidal power energy generation with the announcement of £20m per year in tidal stream electricity as part of its flagship renewable energy auction scheme.
Posted: 25/11/2021
Fifty leading UK food and drink companies have committed to supporting a new Water Roadmap to help deliver the UK’s Courtauld Commitment 2030 water target and UN Sustainable Development Goals.
Posted: 24/11/2021
Power Purchase Agreements (PPAs) have been signed for the third phase of the world’s largest offshore wind farm. SSE Renewables and Equinor, the joint venture partners co-developing the 3.6GW Dogger Bank Wind Farm in the North Sea, have announced.
Posted: 24/11/2021
Enel Group has brought forward its net-zero commitment by 10 years, from 2050 to 2040, both for direct and indirect emissions and the value created by the Group for customers is expected to bring an up to 40 per cent reduction in their energy spending, alongside an up to 80 per cent reduction of their CO2 footprint by 2030.
Posted: 24/11/2021
A collaboration between providers of sustainability standards and guidance has created a platform to identify opportunities to consolidate existing sustainability resources, collectively address gaps, and coordinate with policymakers and regulators to support the mainstreaming of impact management.
Posted: 23/11/2021
Vodafone is refurbishing phones and partnering with rainforest charity, Cool Earth as part of its commitment to tackle climate change and electronic waste and create a net-zero future.
Posted: 23/11/2021
The John Lewis Partnership has partnered with Hubbub to launch The Circular Future Fund, an initiative that will award a total of £1m, over one year, to projects that demonstrate scalable innovations that can accelerate the transition towards a more circular economy.  
Posted: 23/11/2021
An estimated 1.2 million tonnes of disused oil and gas installations, from massive rigs to the well heads, are to be brought to shore for reuse, recycling and disposal in the coming decade.
Posted: 23/11/2021
Rolls Royce’s Spirit of Innovation aircraft has claimed the spot as the world’s fastest all-electric vehicle, with the aircraft setting three new world records.
Posted: 22/11/2021
SSE will make a £12.5bn capital investment to accelerate progress towards net zero, increasing its investment by two thirds to support its push to decarbonise.
Posted: 22/11/2021
The Government has announced that all new homes and buildings in England will need to install electric vehicle charging points.
Posted: 22/11/2021
A report from InfluenceMap finds that BMW has emerged as the German automotive sector’s leading opponent of climate policy. While the German automotive industry has increasingly stated top-line support for the Paris Agreement and long-term climate targets key groups have advocated to weaken near-term climate regulations to reach such goals.
Posted: 17/11/2021
The former chief executive of the Foods Standards Agency, Catherine Brown has been appointed as the new chair of trustees at environmental charity, Hubbub.
Posted: 17/11/2021
Barclays has announced a collaboration with SaveMoneyCutCarbon (SMCC) to encourage its corporate banking clients to reduce their carbon, energy and water use, making their operations more sustainable.
Posted: 17/11/2021
ENGIE and Crédit Agricole Assurances have reached an agreement to acquire Eolia Renovables, one of the largest renewable power producers in Spain. The transaction covers the ownership and operation of 899 MW of operating assets (821 MW onshore wind and 78 MW photovoltaic) and a 1.2 GW pipeline of renewable projects.
Posted: 16/11/2021
UK investment and asset management company Low Carbon and US-based Massachusetts Mutual Life Insurance Company are building renewable energy Independent Power Producer (IPP). The deal marks MassMutual’s first European renewable energy partnership as it seeks to transition its $222bn AUM investment portfolio to net-zero by 2050.
Posted: 16/11/2021
Two major London insurers, RSA Insurance Group and Conduit Re, have ruled out underwriting Adani’s controversial Carmichael coal project in Australia.
Posted: 16/11/2021
Octopus Hydrogen, Octopus Renewables and MIRA Technology Park plan to develop a green refuelling forecourt providing hydrogen and EV charging on site at the MIRA Technology Park (MTP) to support the needs of mobility technology businesses.
Posted: 16/11/2021
So, finally a deal was done. Not quite the one hoped for, but better than the worst fears. Something of a holding pattern perhaps, as even the effervescent Boris Johnson admitted as he said it had scored six out of ten.
Posted: 15/11/2021
In a move that might have seemed improbable only a few days ago the US and China have agreed to work together against climate change, issuing a joint statement agreeing to accelerating their efforts to reduce emissions.
Posted: 11/11/2021
A number of major carmakers have pledged to end production of fossil-fuelled internal combustion engine vehicles by 2040.
Posted: 11/11/2021
The number of CSR-related job roles advertised this year has increased by 74 per cent, and by 54 per cent when compared to 2019 (pre-pandemic).
Posted: 11/11/2021
COP26: A stronger approach to carbon reduction is being urged in a draft agreement, noting that vulnerable nations will need greater aid to cope with the impacts of global warming.
Posted: 10/11/2021
AXA Investment Managers will enhance its climate commitments applying a stronger policies to high impact companies and issuers from 2022.
Posted: 10/11/2021
Managing the volume of data and making sense of it is becoming hinderance for progress, obscuring the real story behind an approach, according to a survey of UK companies.
Posted: 10/11/2021
Backed by several major manufactures and retails, the Consumer Goods Forum's Forest Positive Coalition of Action has launched its first phase in strategy to transform areas equivalent to the size of Coalition's combined production-base footprint to forest positive by 2030.
Posted: 09/11/2021
Octopus Energy Group will raise and create £4bn of global people-led renewable energy projects through ‘Fan Club - The Collective’ by 2030. The initiative will be world leading in combining institutional and retail money to grow green energy projects at scale.
Posted: 09/11/2021
More than 300 conservatives, Christian democrats, classical liberals and free marketeers from across the world have signed a Climate Action Declaration, launching at COP 26.
Posted: 09/11/2021
Amid the dash for net-zero the role of nuclear reactors has been divisive, but with the clock ticking the UK seems set to introduce small scale nuclear reactors to the grid.
Posted: 08/11/2021
COP26 has been a huge success of massive failure depending on your starting point.But the major policies announced are clearly positive, so far.
Posted: 08/11/2021
Data from more than 1,000 listed companies across Europe’s major stock indexes, has fund that almost one-third of these corporates had an aim to reach net-zero by 2050.
Posted: 04/11/2021
The COP-26 Conference in Glasgow has achieved many pledges and perhaps even some sense of optimism, but there has also been “deep frustration” over the influence of certain companies.
Posted: 04/11/2021
The FCA is publishing a Discussion Paper to coincide with COP26 Finance Day, inviting views on potential criteria to classify and label investment products.
Posted: 03/11/2021
The Chancellor is setting out UK’s plans to become the world’s first net-zero aligned financial centre and welcoming “historic” climate commitments from private companies covering $130tr, around 40% of the world’s financial assets, to be aligned with the climate goals in the Paris Agreement as he hosts Finance Day at COP26.
Posted: 03/11/2021
Australia’s ANZ Bank has created its Grievance Mechanism Framework to evaluate and respond to human rights related complaints associated with its corporate lending customers.
Posted: 03/11/2021
Nordic and UK pension funds have made a collective financial commitment to invest $130bn in clean energy and climate investments by 2030.
Posted: 02/11/2021
Over 100 global leaders have agreed to halt and reverse forest loss and land degradation by 2030 at an event convened by the Prime Minister at COP26. The pledge is backed by almost £14bn in public and private funding.
Posted: 02/11/2021
The VCMI (the Voluntary Carbon Markets Integrity Initiative) Roadmap has been launched, setting out sets to enable voluntary carbon markets that can increase the ambition on climate change.
Posted: 01/11/2021
Fortescue Future Industries (FFI) has signed ab agreement with JCB and Ryze Hydrogen to become UK’s largest supplier of green, renewable hydrogen.
Posted: 01/11/2021
COP26 has opened with the weight of hope placed on its outcome, with both Prince Charles and Boris Johnson making dire warnings of failure to achieve a good result.
Posted: 01/11/2021
Sainsbury’s business and operations will become net-zero by 2035, in line with the goal to limit global warming to 1.5C, under revised targets following extensive investment and innovation that has already seen Sainsbury’s make significant progress in reducing operational emissions.
Posted: 28/10/2021
The Science Based Targets initiative (SBTi) has launched its Net-Zero Standard, the world’s first science-based certification of companies’ net-zero targets in line with the Paris Agreement’s goal of keeping planetary warming to 1.5C.
Posted: 28/10/2021
TP ICAP Group and Speedwell are launching the Climate Index that will use global weather data to track climate change thereby allowing financial risk related to the rate of climate change to be traded.
Posted: 28/10/2021
Dutch pension fund ABP has announced its intention to divest from €15bn worth of fossil fuel investments, with the majority of divestments expected to be complete by the first quarter of 2023.
Posted: 27/10/2021
BP and Daimler Truck have announced a partnership to help accelerate the introduction of a hydrogen network, supporting the roll-out of a key technology for the decarbonisation of UK freight transport.
Posted: 27/10/2021
A Ford-commissioned study looking at public attitudes towards electric vehicles and the climate crisis has revealed the personal sacrifices Britons are willing to make in the fight against anthropogenic global warming.
Posted: 27/10/2021
General Motors (GM) laid out a vision to convert all of their annual car sales to battery electric vehicles (BEVs) by 2035 earlier this year, and whilst the move has attracted some scepticism, specialist impact investment group Engine No.1 has now endorsed the plans, citing the company’s early lead on battery technology and plan to leverage scale as a competitive advantage and valuing it at a premium, especially compared to upstart competitors.
Posted: 27/10/2021
Low Carbon & Waste Energy Power Partners has announced the sale of Doveryard to Octopus Renewables with a view to the construction of a waste-to-energy project in western Scotland.
Posted: 26/10/2021
EY has become carbon negative, in a major step toward achieving its ambition of removing its residual emissions from the atmosphere and becoming truly net-zero by 2025.
Posted: 25/10/2021
Major international companies including Amazon, Ikea and Unilever have pledged to use ships that use zero-carbon fuel by 2040.
Posted: 25/10/2021
PwC’s 2021 Annual Corporate Directors Survey highlights stark differences in director views compared to prior years in the areas of ESG, diversity & inclusion (D&I) and linking executive compensation to non-financial goals.
Posted: 25/10/2021
AXA has announced new commitments to preserve biodiversity by implementing a plan to fight against the deterioration of forest ecosystems.
Posted: 25/10/2021
The Nest pension scheme has confirmed the purchase of a multi-million-pound solar farm through its partnership with Octopus Renewables, and now a total of nearly 10 million Nest members, a third of the UK workforce, are investors in the solar farm.
Posted: 25/10/2021
INEOS has announced that it intends to invest €2bn in new production of green hydrogen across Europe.
Posted: 25/10/2021
Fintech company GoodBox has partnered with Costa Foundation on a fundraising initiative to help eradicate poverty in coffee-growing communities.
Posted: 22/10/21
The 2021 running of the Magnolia Cup has raised £230,000 for UK charity Smart Works.
Posted: 19/10/11
Over 40 school pupils from across the UK will next week be taking part in a range of online coaching sessions run by engineers, research scientists, actuaries, technology and other experts from across the insurance industry. Hosted by broker Willis Towers Watson and trade body LIIBA, the STEM Learning event will teach pupils aged 14 to 17...
Posted: 19/10/2021
Vattenfall and Swedish electric motorcycle manufacturer, CAKE, have announced plans to design the first-ever fossil-free electric motorcycle.
Posted: 18/10/21
NatWest has announced a series of initiatives, leading with a target to provide £100bn of Climate and Sustainable Funding and Financing (CSFF) by the end of 2025. Part of this new CSFF target will help to support the investment needed to transition the UK to a net-zero economy and will help to support the bank’s customers including SMEs on their transition.
Posted: 14/10/2021
The financial sector risks inflicting significant damage on itself and companies across the world if it fails to use its “great power” to stop actions that harm the planet, a new report by EY, Microsoft and Earth Knowledge has said.
Posted: 14/10/2021
Vattenfall has pledged to stop waste from its wind turbine blades at end of their life, committing to re-use, recycle or recover 100 per cent of decommissioned blades by 2030.
Posted: 14/10/2021
A new energy economy is emerging around the world as solar, wind, electric vehicles and other low-carbon technologies flourish, according to IEA’s new World Energy Outlook.
Posted: 113/10/2021
The Glasgow Financial Alliance for Net Zero (GFANZ) – a net-zero alliance responsible for more than $90tr in assets in 40 countries across the financial sector, chaired by UN Special Envoy Mark Carney has published a call for greater and faster climate action from G20 leaders to build a net-zero global financial system and meet the goals of the Paris Agreement.
Posted: 12/10/2021
Despite the major increase in data traffic, a new report commissioned by BT and developed by Accenture predicts that the technology sector is set to reduce its energy demand and global carbon emissions by as much as 40 per cent over the next decade - despite an expected eight-fold increase in data traffic by 2030.
Posted: 12/10/2021
Virgin Atlantic has announced ambitious carbon targets as the airline reinforces its mission to achieve net-zero by 2050.
Posted: 12/10/2021
A project to establish standardised metrics to measure environmental performance of the food and drink sector has been launched by the Environment Agency.
Posted: 11/10/2021
The Department for Business, Energy & Industrial Strategy (BEIS)has outlined plans for “home-grown, green technologies” to provide the energy to support the UK’s transition away from fossil fuels.
Posted: 11/10/2021
Housing charity Habitat for Humanity GB and investment company M&G are heading a coalition including Lloyd’s of London and the London Borough of Barking and Dagenham.
Posted: 11/10/2021
Southern Co-op, RSA, Cadent, Coca-Cola Europacific Partners, Danone and M&G have joined new campaign to help ensure greener communities across UK and Ireland.
Posted: 07/10/2021
The ICMM (International Council on Mining and Metals) has collectively committed to a goal of net-zero Scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner in line with the ambitions of the Paris Agreement.
Posted: 07/10/2021
Corporate commitments to net-zero have accelerated over the last two years, with almost one-third (30 per cent) of Europe’s largest listed companies now having pledged to reach net-zero by 2050.
Posted: 07/10/2021
Last night (6 October) the winners of the inaugural Better Society Energy Awards were announced at the Waldorf Hotel during a gala dinner.
Posted: 07/10/2021
The electric truck company Tevva has received £4.2m from the UK’s Advanced Propulsion Centre (APC) to help finance the development of its zero-emission, long-range medium duty trucks.
Posted: 06/10/2021
Scepticism surrounding greenwash and the validity of ESG and ethical investments is on the rise, according to new research from Triodos Bank.
Posted: 06/10/2021
The Avon Pension Fund and the Transport for London (TfL) Pension Fund have stepped up their commitment to reach net-zero targets, outlining "ambitious" interim objectives to help reach the goals of the Paris Agreement.
Posted: 06/10/2021
Phoenix Group has committed to reducing its carbon emission intensity for its £250bn investment portfolio by at least 50 per cent by 2030, as part of its pathway to meet net-zero carbon investments by 2050.
Posted: 05/10/2021
Water-related hazards like floods and droughts are increasing because of climate change according to a new multi-agency report.
Posted: 05/10/2021
Mars has announced an accelerated commitment to net-zero across its full value chain by 2050.
Posted: 05/10/2021
The Prime Minister will announce that all of UK’s electricity will come from renewable sources by 2035.
Posted: 04/10/2021
Marks and Spencer has adjusted its sustainability programme, Plan A, with a pledge to cut its carbon footprint by a third by 2025 as part of its commitment to be fully net-zero by 2040.
Posted: 04/10/2021
Senior executives from across financial institutions, corporates and market service providers, including Celine Soubranne of AXA (pictured) have been selected to serve for two years as members of the Taskforce on Nature-related Financial Disclosures (TNFD).
Posted: 01/10/2021
Boris Johnson addressed young climate activists from around the world via video link at the Youth4Climate conference in Milan, admitting that the audience had a right to be angry at the lack of progress toward net-zero.
Posted: 01/10/2021
The President of COP26, the United Nations Climate Change Summit in Glasgow in November, Alok Sharma, has told the offshore wind industry that it has a key role to play in helping to the UK to reach net zero emissions as fast as possible.
Posted: 30/09/2021
Octopus Energy Group has gained investment from Generation Investment Management in a deal that values the UK entech at $4.6bn post-deal.
Posted: 30/09/2021
Analysis by RenewableUK shows that major investment announcements totalling over £900m in new factories have been made so far this year in the UK’s offshore wind manufacturing sector – the highest annual amount since the industry began in the UK in 2000.
Posted: 29/09/2021
SSE Renewables has signed an agreement with Pacifico Energy, one of Japan’s largest developers of renewable energy, to create a joint ownership company that will pursue offshore wind energy development projects in Japan.
Posted: 29/09/2021
Over 200 global financial institutions holding $29.3tr in assets have called on world’s highest impact companies to urgently set science-based emissions reduction targets in line with 1.5 warming scenarios.
Posted: 29/09/2021
EV maker Polestar has been valued at $20bn as it plans for public listing on the Nasdaq exchange.
Posted: 28/09/2021
Honeywell has partnered with United Airlines to support the growth of a zero-carbon economy in the aviation industry and invested in Alder Fuels to produce first-of-its-kind technologies for existing refineries to convert to produce sustainable aviation fuel (SAF) at scale.
Posted: 28/09/2021
Ford in investing in a new production complex as part of a $11.4bn programme for electric vehicles and advanced lithium-ion batteries that will begin in 2025.
Posted: 28/09/2021
Tesco has set out a new commitment of net-zero emissions across its value chain by 2050, including those generated by the products it sells and across its supply chains.
Posted: 27/09/2021
Airbus is working with Air Liquide and VINCI Airports, respectively providing hydrogen and airport facilities, to promote the use of hydrogen at airports and build an airport network to accommodate future hydrogen aircrafts.
Posted: 27/09/2021
Most G20 companies fail to align with climate science, and are geographically uneven as shown in the diagram, according to new research by the Science Based Targets initiative (SBTi).
Posted: 27/09/2021
Over 50 companies are now using WEF’s Stakeholder Capitalism Metrics and over 100 support the initiative worldwide. WEF committed to developing a set of universal environmental, social and governance (ESG) metrics to help companies practise stakeholder capitalism just over two years ago, and their adoption has been rapid.
Posted: 24/09/2021
Asset owners must immediately scale investment into impactful carbon management and negative emissions technologies both inside and outside of value chains, according to a new position paper from the UN-convened Net-Zero Asset Owner Alliance.
Posted: 24/09/2021
OPRL has joined the UN Global Compact and the UN Global Compact Network UK — a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
Posted: 24/09/2021
The majority of UK industry sectors (see graphic above) will miss 2050 net-zero targets unless there are significant further steps taken by Government, including acceleration of consumer education and behaviour change.
Posted: 23/09/2021
The number of electric vehicle charging points added to the network in London, the East and South East, has increased by nearly 2,700 in the past 12 months, UK Power Networks has revealed today.
Posted: 23/09/2021
Amazon and Global Optimism have announced that 86 new signatories recently joined The Climate Pledge, including Nespresso, ASOS, Procter & Gamble, HP, and Salesforce. The announcement means more than 200 companies and organisations from around the world have now pledged to meet the Paris Agreement’s goals 10 years early—and achieve net-zero carbon by 2040.
Posted: 22/09/2021
Major demand pushed the Government’s green gilts sale to raise £10bn, the largest inaugural green issuance by any sovereign, with the largest ever order book for a sovereign green transaction. A second issuance will take place later in the year.
Posted: 22/09/2021
Five major cosmetics companies; Unilever, Henkel, L’Oreal, LVMH and Natura; are working together to co-develop an industry-wide environmental impact assessment and scoring system for cosmetics products.
Posted: 22/09/2021
SSE has announced that Stephen Wheeler is to be appointed as MD, SSE Renewables, following Jim Smith’s decision to step down from his role and retire.
Posted: 22/09/2021
ENGIE has announce the launch of Ellipse, a comprehensive carbon intelligence platform on the market enabling businesses to track their emissions in real-time, design decarbonisation strategies and chart their progress and optimise sustainability investments.
Posted: 21/09/2021
The EU’s own finances are failing to street the bloc away from emissions, and not doing enough in encouraging private funds to go green.
Posted: 21/09/2021
Lightsource BP has announced it has secured a new $1.8bn credit and trade finance facility that will help fuel its new global growth strategy of developing 25GW of solar by 2025.
Posted: 21/09/2021
BP, ADNOC (Abu Dhabi National Oil Company) and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy.
Posted: 17/09/2021
SSE Renewables has announced that it is combining two proposed offshore wind farms into one “super project development” which it claims would help accelerate the UK’s net-zero ambitions.
Posted: 17/09/2021
Johnson Controls has issued its first sustainability-linked bond in an offering of $500m in ten-year senior notes.
Posted: 17/09/2021
Gigafactory hopeful Britishvolt has won a new funding injection that takes the valuation of the company over the $1bn mark and defines it as a unicorn company.
Posted: 16/09/2021
The EU plan to tackle climate change by 2050 was a major part of Ursula von der Leyen’s State of the Union Address, diminated by COVID and the recovery from it.
Posted: 16/09/2021
A group of investors with £10tr AUM, including the Church of England Pensions Board (chief responsible investment officer Adam Matthews pictuered), has set out a blueprint for oil and gas companies to achieve net-zero. The Oil and Gas Sector Net Zero Standard sets minimum expectation for what must be included in transition plans and is designed to be used across the oil and gas sector to standardise transition plans.
Posted: 15/09/2021
Older people are just as likely as younger people to recognise the need for action on climate change and to say they’re willing to make big sacrifices to protect the environment.
Posted: 15/09/2021
The total size of the pipeline of floating offshore wind projects worldwide shows that it currently stands at over 54GW if all are fully constructed. The pipeline includes projects from an early stage of development through to those which are fully operational.
Posted: 15/09/2021
In a new study, researchers from Mistra Geopolitics and Stockholm University find increasing engagement with adaptation in climate change by 30 major international organisations.
Posted: 14/07/2021
Dogger Bank Wind Farm’s new operations and maintenance (O&M) base will be constructed and operated in line with the UK Green Building Council’s (UKGBC) Net Zero Carbon Buildings Framework to ensure transparent and robust reporting of its sustainability credentials.
Posted: 14/09/2021
US-based investment firm Engine No. 1 has created its Total Value Framework which ties environmental, social, and governance impacts directly to financial value creation.
Posted: 14/09/2021
British Airways has launched its new BA Better World sustainability programme, partnering with Airbus and BP.
Posted: 13/09/2021
The Government has announced details of how the UK will get more electricity from renewable sources as it unveils the biggest-ever round of its flagship renewable energy scheme.
Posted: 13/09/2021
New analysis estimates that over £1tr held by around half of UK institutional investors is exposed to significant climate risks.
Posted: 13/09/2021
Private market investors with $2.3tr AUM including M&G, Neuberger Berman and Nuveen are requesting standardised environmental disclosure from over a thousand privately held portfolio companies through CDP.
Posted: 09/09/2021
RecyclableBlade is being launched as the world’s first recyclable wind turbine blade for commercial use offshore, allowing the separation of the materials in the blade at the end of its lifetime, enabling recycling into new applications.
Posted: 09/09/2021
The lifetime cost to society, the environment and the economy of plastic produced in 2019 alone has been revealed at $3.7tr more than the GDP of India according to a new report by Dalberg commissioned by WWF.
Posted: 09/09/2021
Almost a third of mid-market businesses say they face a high risk of losing business if they fail to act on ESG, according to new research, which also ranks ESG above Brexit and COVID in priority.
Posted: 07/09/2021
The location of the new International Sustainability Standards Board (ISSB) is turning into an international contest, as business centres across the globe vie to host the body.
Posted: 07/09/2021
Hyundai is pushing hydrogen as an alternative fuel, with its Hydrogen Vision 2040 forum that shows off the company’s plans for a new ‘wave’ of hydrogen-based products and technologies toward a hydrogen society.
Posted: 07/09/2021
Zurich Insurance Group is taking global measures to accelerate cuts in carbon emissions from its operations and expanding its offering to customers to help the transition to a net-zero future. This includes the insurance industry’s first carbon-neutral equity fund and an expansion of its commitment to underwrite renewable energy.
Posted: 07/09/2021
The latest report by the Climate Crisis Advisory Group (CCAG) warns that net-zero targets are no longer adequate and that governments need to adopt ‘net-negative’ strategies that reduce, rather than contain, levels of emissions.
Posted: 06/09/2021
Octopus Hydrogen, the newly established hydrogen arm of the energy company, has agreed a partnership with aviation company ZeroAvia. Octopus Hydrogen will provide 100 per cent green hydrogen to ZeroAvia’s R&D centre at Cotswold Airport in Kemble during the testing, certification and first commercial operations of its zero emission hydrogen-electric aircraft powertrain technology.
Posted: 06/09/2021
Shell has set a target to install 50,000 on-street electric vehicle (EV) charge posts installed across the UK by the end of 2025, through ubitricity, a part of the Shell group.
Posted: 06/09/2021