Archive News

The Porthos CCUS consortium, which includes ExxonMobil and Shell, has gained $2.4bn in subsidies from the Dutch government for what will be one of the largest carbon capture utilisation and storage (CCUS) projects in the world.
Posted: 12/05/2021
Amazon will issue its first sustainability bond. The $1bn offering will use proceeds to fund projects in five areas, building on significant investments Amazon has made over the years: renewable energy, clean transportation, sustainable buildings, affordable Housing, and socioeconomic advancement and empowerment.
Posted: 12/05/2021
The Green Finance Institute has launched the Coalition for the Decarbonisation of Road Transport, bringing together financial, automotive, energy and infrastructure sectors to accelerate the transition to zero emission vehicles.
Posted: 12/05/2021
UK Power Networks has become the first UK distribution network operator to have its carbon reduction plan and targets endorsed by the Science-Based Target Initiative.
Posted: 12/05/2021
China's emissions exceeded developed nations combined in 2019, a new Rhodium Group analysis concludes.
Posted: 11/05/2021
Research from Trillion Trees shows that a total area of forests equivalent to the size of France have regrown in the last 20 years.
Posted: 11/05/2021
Macquarie has sold a portfolio of over 600,000 commercial UK smart meters to the Energy Assets Group.
Posted: 10/05/2021
Demand for critical minerals essential for clean energy technologies such as electric vehicles and wind turbines will soar as the world attempts to meet its net-zero goals.
Posted: 10/05/2021
Electric vehicles will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest.
Posted: 10/05/2021
UK firms are set to invest £15.8bn in electric vehicles over the next 12 months, an increase of 50 per cent in spending in the year to March 2021.
Posted: 07/05/2021
Superdrug has committed itself to a long-term sustainability programme, even wider community support and greater customer connection as the company launches its first CSR report.
Posted: 07/05/2021
Natura &Co, owner of The Body Shop, Avon, Natura and Aesop brands, has concluded an international fundraising of $1bn in bonds linked to sustainability goals.
Posted: 06/05/2021
Brunel Pension Partnership (BPP) has emphasised its commitment to investor transparency with the publication of three reports around responsible investment, highlighting “excellent progress” against its commitment to reach net-zero by 2050.
Posted: 06/05/2021
ESG reporting is now a requirement across any companies, but it can be labour intensive. A new platform has been launched to help companies of all sizes and also enable large organisations to collect ESG data in their B2B client network, allowing them to make more educated decisions around risk, lending, and value
Posted: 06/05/2021
The Co-op has announced plans be the first supermarket to sell carbon neutral own brand food and drink by 2025, a world-first for any major supermarket.
Posted: 06/05/2021
The Volkswagen Board and the independent Volkswagen Sustainability Council have discussed decarbonisation plans and the Group’s corporate purpose to provide carbon neutral mobility, and an end date for internal combustion engines.
Posted: 05/05/2021
Over five years after the Paris Agreement, the UK financial sector is actively undermining Government efforts to phase out coal, according to a new report from NGO Reclaim Finance.
Posted: 05/05/2021
Figures from National Grid show that British wind farms set a new record during the Bank Holiday by generating a new high of 17.6GW at 3.30pm providing 48.4 per cent of Britain’s electricity and beating the previous record of 17.5GW set on 13 February.
Posted: 05/05/2021
The World Economic Forum (WEF) has announced a new coalition of partners aiming to decarbonise Europe’s food system, the European Carbon+ Farming Coalition.
Posted: 05/05/2021
The Universities Superannuation Scheme (USS), the UK's largest pension scheme by assets, has announced its commitment to reach net zero for greenhouse gasses by 2050.
Posted: 04/05/2021
Consumer aerosol products, such as deodorants release more volatile organic compound pollution than all cars in the UK, according to new research by the National Centre for Atmospheric Science and University of York.
Posted: 04/05/2021
Tesco will offer its supply base sustainability-linked supply chain finance in a move the it hopes will encourage more suppliers to sign up to science-based emissions reduction targets.
Posted: 04/05/2021
The Central Finance Board of the Methodist Church, via its investment arm Investment Management, has sold its remaining company holdings in the oil and gas sector, including Shell.
Posted: 30/04/2021
The Lord Mayor’s Dragon Awards has announced its annual winners The awards, from the City of London Corporation, recognise businesses which build strong community relationships, tackle disadvantage or inequality, promote inclusion or boost skills.
Posted: 30/04/2021
In an open letter to the EC, EU governments and the European Parliament over 40 major companies and organisations have called for a ban on new diesel and petrol vehicles by 2035.
Posted: 30/04/2021
IT solutions provider SCC has renewed its partnership as a patron of The Prince’s Trust for the next three years, building on the last seven years that SCC has supported several of the Trust’s regional and national schemes and campaigns.
Posted: 29/04/2021
It seems hardly a day goes by without another ESG offering from BlackRock, now the company has released its ACS World ESG Insights Equity Fund, a sub-fund of BlackRock Authorised Contractual Scheme.
Posted: 29/04/2021
There will be145 million EVs on the road in 2030, accounting for 7 per cent of the vehicle fleet according to predictions by IEA.
Posted: 29/04/2021
Under half of disclosing financial institutions report actions to align portfolios with a well below 2C world according to the first ever analysis of financed emissions based on self-reported data from global asset managers, asset owners, insurers and banks by CDP.
Posted: 29/04/2021
Fidelity International has announced plans to halve the carbon emissions within its default investment strategy for UK-based pension schemes, FutureWise, by 2030, with a further aim to be net-zero by 2050 or before .
Posted: 28/04/2021
Pensions adviser Redington has announced that all its default client advice going forward will be aligned with the target to reach net-zero carbon emissions by 2050.
Posted: 28/04/2021
The Energy Transitions Commission (ETC) has released two new reports analysing the feasibility of achieving a net-zero greenhouse gas emissions economy by 2050 and the actions required in the next decade to put this target within reach.
Posted: 27/04/2021
Following the launch of two carbon transition ETFs, the company has now released two more ETFs that align with the objectives of the Paris Agreement as Larry Fink (pictured), CEO, looks to make good on his climate rhetoric in his annual Letter to CEOs.
Posted: 27/04/2021
Heat pumps alone cannot solve UK domestic heat decarbonisation and must be supported by a choice of heating solutions, including a hydrogen gas network, if the UK is to deliver on its net-zero target.
Posted: 27/04/2021
People want brands to lead them on a sustainable path, according to research conducted with more than 3,000 adults in the UK, the US and China.
Posted: 26/04/2021
Global energy-related carbon dioxide emissions are on course to surge by 1.5 billion tonnes in 2021 – the second-largest increase in history – reversing most of last year’s decline caused by the pandemic, a new IEA report predicts. This would be the biggest annual rise in emissions since 2010, during the carbon-intensive recovery from the global financial crisis.
Posted: 26/04/2021
The European Commission has published its long-awaited green taxonomy for labelling green investments, but has fudged the issues of nuclear energy and natural gas.
Posted: 23/04/2021
Coca-Cola, Colgate-Palmolive and Unilever have joined the 100+ Accelerator, a global programme working to solve supply chain challenges across water stewardship, circular economy, sustainable agriculture and climate action.
Posted: 23/04/2021
In the context of the President Biden’s Leaders’ Summit the US, UK and Norway, together with Amazon, have announced a $1bn initiative to purchase carbon credits from countries that reduce deforestation and forest degradation.
Posted: 23/04/2021
President Biden has declared that this will be the “decisive decade” for action on climate change during the virtually held Leaders Summit on Climate.
Posted: 23/04/2021
The Treasury Committee has called for an end to financial greenwash, with financial “clearly labelled” to allow consumers to assess their relative climate impacts.
Posted: 22/04/2021
Social and Sustainable Capital (SASC), the fund manager and social enterprise, has expanded its team with several new appointments this year, including hires from Citi and HSBC.
Posted: 21/04/2021
Amazon is now the largest corporate buyer of renewable energy globally and in Europe with more than 2.5GW of capacity in Europe, and 8.5 GW of renewable energy capacity globally.
Posted: 21/04/2021
On the eve of President Biden’s Head of State Climate Summit, a new global alliance, chaired by Mark Carney (pictured), that brings together existing and new net-zero finance initiatives into one sector-wide strategic forum has been launched: The Glasgow Financial Alliance for Net Zero (GFANZ).
Posted: 21/04/2021
Banks have been pledging to get greener for a while, but consumers who have had little to actively link their payments to climate action now are putting apps in a prime postion.
Posted: 20/04/2021
The Government will be announcing new climate commitments, setting out to cut carbon emissions by 78 per cent by 2035.
Posted: 20/04/2021
John Kerry and counterpart Xie Zhenhua have jointly signed a statement at commits the US and China to cooperate in tackling climate change.
Posted: 19/04/2021
RE100 has now reached 300 members with the latest cohort of businesses including
Posted: 19/04/2021
A new coalition, headed by Mars and sustainability consultancy Guidehouse has been created to speed climate preservation in the supply chain.
Posted: 19/04/2021
Apple has announced its Restore Fund that invest in forestry projects to remove carbon from the atmosphere while generating a financial return for investors.
Posted: 19/04/2021
JPMorgan Chase has set a ten-year target to include $1tr for green initiatives, such as renewable energy and clean technologies, and aims to finance and facilitate more than $2.5tr over the period.
Posted: 16/04/2021
Shell has presented its Energy Transition Strategy to shareholders for an advisory vote at the company’s AGM, the first time that an energy company has asked shareholders to vote on its energy transition strategy.
Posted: 16/04/2021
Making white paint whiter has created a highly efficient way to cool buildings and objects, reducing the need for mechanical cooling and potentially making huge savings in energy.
Posted: 16/04/2021
Around 80 per cent of employees who give up their time to help others will benefit from a positive impact on their own lives, according to a new report on the rise of micro-volunteering.
Posted: 16/04/2021
Europe invested €43bn in new wind farms in 2020, the second highest annual amount on record, with the investments covering 20 GW of new capacity that will be built in the coming years, 13 GW of it in the EU.
Posted: 15/04/2021
SEB predicts that total sustainable bond issuance will exceed $1tr in 2021, driven by a significant increase in issuance of green and social bonds and a breakthrough for sustainability-linked debt.
Posted: 15/04/2021
As investors seek to mitigate climate risks in their portfolios, there is a lack of transparent information to enable them to make choices. New research from Cambridge Institute for Sustainability Leadership's Investment Leaders Group (ILG) has offered a framework and simple disclosure method for financial institutions.
Posted: 15/04/2021
A letter from 310 businesses and investors operating in the US has been sent to President Biden calling for “ambitious and attainable” targets of cutting GHG emissions by at least 50 per cent below 2005 levels by 2030.
Posted: 15/04/2021
Honda and Octopus Energy are launching a home charging solution using intelligent software developed that sets a charging schedule to ensure the car is always adequately charged when it’s needed based on the requirements of the owner, while optimising the use of low-priced clean energy.
Posted: 14/04/2021
ScottishPower has submitted a planning application for what would be the UK’s largest electrolyser – producing green hydrogen.
Posted: 14/04/2021
Insure Our Future is calling on Lloyd’s of London to stop insuring coal and new oil and gas projects that exacerbate climate change.
Posted: 14/04/2021
Norwegian thermal battery maker EnergyNest, has signed an investment agreement with Infracapital, the infrastructure equity investment arm of M&G.
Posted: 13/04/2021
The Transition Pathway Initiative (TPI) has published its annual report: The State of Transition 2021, a major gauge on whether high-emitting sectors are on track to fulfil the goals of the Paris Agreement.
Posted: 13/04/2021
A non-profit green tech has been awarded more than £500,000 in funding from Google.org to revolutionise cloud forecasting for solar energy generation.
Posted: 13/04/2021
The Find It, Fix It, Prevent It initiative launched by CCLA Investment Management at the end of 2019, has published its annual report, with demand from more investors to become involved in corporate engagement programmes. This year, Find It, Fix It, Prevent It will see engagement with companies broaden from the hospitality sector to include the construction and materials sector with plans to commence engagement with targeted companies from the third quarter.
Posted: 12/04/2021
Schroders has joined the Global Impact Investing Network (GIIN), adding to the 350 global members that are seeking to increase the scale and effectiveness of impact investing.
Posted: 12/04/2021
Drax predicts that developing bioenergy with carbon capture and storage (BECCS) could save the UK energy system and consumers billions of pounds over the next decade.
Posted: 12/04/2021
BlackRock has launched two carbon transition ETFs raising over $1.5bn, the BlackRock US Carbon Transition Readiness ETF (LCTU) and the BlackRock World ex US Carbon Transition Readiness ETF (LCTD). More than $1.2bn flowed into LCTU making it the largest ETF launch of all time. Additionally, approximately $500m was invested in LCTD, making it one of the largest ETF launches in history.
Posted: 12/04/2021
OVO Energy has entered into a Power Purchase Agreement with Ørsted to buy green power from the offshore Barrow Wind Farm.
Posted: 12/04/2021
The first four turbines of the Gordonbush Extension started turning this week, with SSE Renewables predicting that that farm will generate 38MW of wind-powered electricity.
Posted: 09/04/2021
Shell has made an investment in LanzaJet, joining investors including British Airways, Suncor Energy, and Mitsui & Co.
Posted: 09/04/2021
A new study by Stockholm Environment Institute (SEI) shows that electric battery-powered freight trucks can be economically competitive with diesel trucks. The study challenges a long-held view that has previously dismissed electric freight trucks as too costly. With battery technology improving rapidly, heavy battery electric trucks can compete – and likely soon. To be commercially competitive, such vehicles need one critical piece of infrastructure: fast charging networks.
Posted: 09/04/2021
Norges Bank Investment Management (NBIM) will be acquiring a half share of Ørsted's 752 MW Borssele 1 & 2 offshore wind farm near the Netherlands in a €1.4bn deal and represents NBIM's first investment in unlisted renewable energy infrastructure.
Posted: 08/04/2021
Lidl and Neighbourly are working together to donate and distribute over 80,000 PPE units to front-line charity workers.
Posted: 08/04/2021
Phoenix Group, the long-term savings and retirement business, has announced a new two-year UK charity partnership with Samaritans.
Posted: 07/04/2021
According to Bank.Green’s Money Movement campaign, the world’s 60 largest private-sector banks have poured $3.8tr into fossil fuel projects since the Paris Agreement. The campaign, in partnership with a coalition of movements and organisations including BankTrack and Reclaim Finance, encourages bank customers to take action against their banks.
Posted: 07/04/2021
At 13.00 on Monday 5 April the UK’s carbon intensity of electricity – the measure of CO2 emissions per unit of electricity consumed – dropped to 39 gCO2, the lowest figure in history.
Posted: 07/04/2021
Sky News is reporting that two Government ‘sources’ have suggested that COP26 may be delayed for a second time.
Posted: 01/04/2021
L&G’s Workplace DC business, together with the L&G Mastertrust are to go net-zero setting out a roadmap to achieve the goal by 2050 across all auto-enrolment default investment options and building on L&G’s commitment to a net-zero company by 2050.
Posted: 31/03/2021
BP has taken a third stake alongside Daimler Mobility and BMW Group in Digital Charging Solutions (DCS), a developer of digital charging software for automotive manufacturers and vehicle fleet operators.
Posted: 31/03/2021
UK retail investors are being offered the chance to check if their portfolios are aligned with the 2C global warming target.
Posted: 31/03/2021
Reckitt, has been announced as a principal partner for COP26, joining SSE, Scottish Power, NatWest Group, National Grid, Sky, Sainsbury’s and Hitachi for UN climate change summit COP26 in Glasgow.
Posted: 30/03/2021
Sky has launched its Sky Zero Footprint Fund, with the £2m campaign aiming to inspire change and help fast-track sustainable initiatives.
Posted: 30/03/2021
Volvo will give its 40,000 employees around the globe a basic all-gender paid parental leave policy as of 1 April 2021 unless local regulations are more generous.
Posted: 30/03/2021
Nearly a third of the UK’s FTSE100 companies have now signed up to the United Nation’s Race to Zero campaign.
Posted: 30/03/2021
The Net Zero Asset Managers Initiative has added 43 new investor signatories who will collaboration with clients to achieve 2030 emissions reduction targets and reach net-zero by 2050 or sooner.
Posted: 29/03/2021
Analysis from research group and think tank Ember shows that since 2015 the UK has reduced coal use by 93 per cent, outstripping all other G20 nations.
Posted: 29/03/2021
Tesco has outlined five key areas of focus, including cutting absolute emissions from energy and supporting the UK’s transition to electric transport, in a manifesto and has called on the food industry to take collective action to achieve transformative change.
Posted: 29/03/2021
The UK’s principal financial regulators must now consider climate change, with transition to net-zero now included in Prudential Regulation Committee and Financial Conduct Authority remits.
Posted: 26/03/2021
Northern Gas Networks (NGN) has launched a green transition bond, open to the public and giving them the opportunity to invest in a hydrogen-ready network.
Posted: 26/03/2021
Energy & Climate Intelligence Unit and Oxford Net Zero have published a report into the climate policies of 2,000 major companies, finding that one in five now has a “net-zero” policy.
Posted: 26/03/2021
Retailer Boohoo Group has published a list of its suppliers, with only 78 making the cut from the UK as the company cuts links to others in light of last year’s independent report produced by Alison Levitt QC.
Posted: 26/03/2021
New research published by the Offshore Wind Industry Council (OWIC) shows that private sector investment of £60.8bn billion will be injected across the UK over the next five years in developing, constructing and operating offshore wind projects as the industry expands rapidly to help the Government to achieve its net-zero emissions goal. The average annual investment will be £10.1bn between 2021 and 2026, and investment in 2026 alone will reach a peak of £10.6bn.
Posted: 25/03/2021
Statistics released today by the Government show that renewable electricity generation outperformed fossil fuels for the first year ever in 2020 with renewables provided 42.9 per cent of the UK’s electricity while fossil fuels generated 38.5 per cent.
Posted: 25/03/2021
Plans for the Dogger Bank Wind Farm Operations and Maintenance (O&M) base, that will serve the world’s biggest offshore wind farm, have been announced.
Posted: 25/03/2021
The Purpose Pulse has found that the next generation of consumers and employees about their current views on ESG issues.
Posted: 25/03/2021
The Government has signalled that new drilling licenses in the North Sea be harder to come by as it rachets up its commitments to net-zero, but some are dismayed by the lack of a full stop.
Posted: 24/03/2021
The Circular Electronics Partnership (CEP) has been launched, bringing together global companies from the sector to start the first private sector alliance for circular electronics.
Posted: 24/03/2021
The Red Sea Development Company (TRSDC) is to offer bottled water made purely from sunlight and air.
Posted: 24/03/2021
A Tech for Good initiative has been launched in North of England tackling longstanding issues of digital inclusion exacerbated by the pandemic.
Posted: 24/03/2021
The Department for Business, Energy & Industrial Strategy (BEIS) is seeking consultation on proposals to require mandatory TCFD aligned climate-related financial disclosures from publicly quoted companies, large private companies and Limited Liability Partnerships.
Posted: 24/03/2021
Deutsche Post DHL Group is decarbonising faster, investing a total of €7 bn over the next ten years in measures to reduce emissions.
Posted: 23/03/2021
UK Power Networks has created a tool to make it easier for installers to connect clean technologies to homes and businesses.
Posted: 23/03/2021
The pandemic has laid bare the resiliency, or lack thereof, of companies when it comes to facing a crisis and being responsive and adaptable, notes S&P as it predicts the six major trends in corporate governance for the coming year.
Posted: 23/03/2021
Iceland Foods Charitable Foundation (IFCF) has hit a new milestone after raising £5m for Alzheimer's Research UK (ARUK) over a decade.
Posted: 23/03/2021
The Government is investing £54 million for green land transport projects and £20m to develop innovative zero emission vessels and clean port infrastructure, launching a competition to develop innovations and drive economic growth.
Posted: 22/03/2021
News will launch the first daily prime time news show dedicated to climate change. The Daily Climate Show will showcase the work of Sky News correspondents as they investigate how global warming is changing the landscape. It will also highlight solutions to the crisis and show viewers small changes they can make that will make a big difference.
Posted: 22/03/2021
National Grid is exploring the development of a UK hydrogen ‘backbone’, which aims to join together industrial clusters around the country, potentially creating a 2000km hydrogen network for the UK by around 2030.
Posted: 22/03/2021
Ten European business leaders are heading an investment of invest €100bn to decarbonise their companies and products under the CEO Alliance for Europe’s Recovery, Reform and Resilience ‘action tank’.
Posted: 22/03/2021
PwC and the London Business School have published a report into the linking of executive pay to ESG goals revealing that half (45 per cent) of FTSE 100 companies now have some form of ESG link.
Posted: 18/03/2021
BP is developing plans for the UK’s ‘blue’ hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tonnes of carbon dioxide per year. Blue hydrogen is produced by converting natural gas into hydrogen and CO2, which is then captured and permanently stored.
Posted: 18/03/2021
Brunel Pension Partnership, one of eight national Local Government Pension Scheme Pools, has signed the Net Zero Investor Framework (NZIF).
Posted: 18/03/2021
Uber’s 70,000 UK drivers will now receive the minimum wage, holiday pay and pensions.
Posted: 18/03/2021
Seven in ten UK consumers say banks and financial providers need to be more transparent about how they invest their customers’ money, while half think financial providers actively hide the sectors they invest in.
Posted: 18/03/2021
The Government will allocate over £1bn to reduce emissions from industry and public buildings like schools, hospitals and council buildings and aims to slash emissions by two-thirds in just 15 years.
Posted: 17/03/2021
Total and Forêt Ressources Management have signed a partnership agreement with the Republic of the Congo to plant a 40,000-hectare forest on the Batéké Plateaux.
Posted: 17/03/2021
Orange has signed a Corporate Power Purchase Agreement (CPPA) with Total, through its subsidiary Total Quadran to supply 100 GWh a year of renewable electricity over a period of 20 years. This agreement will thus enable the development, by 2024, of a dozen new solar power plants spread throughout metropolitan France, with a cumulative capacity of 80 MW.
Posted: 17/03/2021
Cushon, a fintech providing workplace pensions, and believed to be the first to offer a net-zero invest strategy, has become the provider to KFC UK & Ireland.
Posted: 17/03/2021
Following new CEO Jane Fraser (pictured) commitment to net-zero by 2050, Citigroup has issued an updated environmental policy making it the first major US bank to restrict financing for companies expanding coal power.
Posted: 17/03/2021
BP and VW intend to work together on extending and speeding up the deployment of ultra-fast electric vehicle (EV) charging facilities at BP retail sites across the UK, Germany and elsewhere in Europe.
Posted: 15/03/2021
Charity GiveOut has launched a LGBTQI Climate Fund to support the intersection of climate change and LGBTQI rights, believed to be a world-first, ensuring that activists have more of the resources they need to support their communities in the face of this crisis.
Posted: 15/03/2021
The Seiko Epson Corporation has announced that worldwide it main sites will all meet their electricity needs from 100 per cent renewable energy sources by 2023.
Posted: 16/03/2021
AXA is to ditch RWE as a client over the latter’s use of coal.
Posted: 15/03/2021
Nest has appointed Octopus Renewables to boost its investment in clean energy infrastructure, with £250m expected to be committed this year in the UK and Europe, as part of a potential £1.4bn investment by the end of the decade.
Posted: 15/03/2021
The shipping industry has welcomed a ‘moon-shot’ proposal from governments to set up a $5bn fund to fund research and development to help meet UN decarbonisation goals.
Posted: 15/03/2021
The Government has unveiled a new bus strategy, with the aim of creating a more frequent, cheaper, and importantly, greener service.
Posted: 15/03/2021
After dialogue with climate group As You Sow, Mondelez International and PepsiCo have agreed to cut their use of virgin plastic for packaging as part of increased efforts to eliminate and replace single-use plastics.
Posted: 12/03/2021
Nissan has plans for a major expansion to its renewable energy generation at its Sunderland plant.
Posted: 12/03/2021
Wells Fargo has become the latest bank to announce a transition to a low-carbon economy, setting a goal of net-zero greenhouse gas emissions by 2050.
Posted: 12/03/2021
GE Renewable Energy plans to open a new blade manufacturing facility in Teesside with its LM Wind Power subsidiary setting up and operating the plant which will be dedicated to the production of its 107 metre long offshore wind turbine blades, a key component of GE’s Haliade-X offshore wind turbine.
Posted: 11/03/2021
Network Rail has launched the There is Always Hope campaign to address the rising mental health issues in the midst of the current pandemic.
Posted: 11/03/2021
Following negotiations with a $2.4tn coalition of investors led by ShareAction, HSBC will phase out financing of coal-fired power and thermal coal mining by 2030 in the EU and OECD and by 2040 elsewhere.
Posted: 11/03/2021
Asset owners with $1.2 trillion in assets have committed to achieve net-zero alignment by 2050 or sooner drawing on the Institutional Investors Group on Climate Change (IIGCC) Framework to deliver these commitments, alongside a number of asset managers who are already working with clients on net-zero alignment.
Posted: 10/03/2021
Energy firms striving to meet ambitious decarbonisation goals will need more than acquisition of clean assets to transition and drive efficiency across their entire asset portfolio in order to meet net-zero targets.
Posted: 10/03/2021
The Government wants to open up use of EV chargepoints at motorway service stations and break the monopoly currently in place using legislation to ensure the points are reliable and can be used by any driver with a contactless card.
Posted: 10/03/2021
The UK Green Building Council (UKGBC) has published Renewable Energy Procurement and Carbon Offsetting Guidance for Net Zero Carbon Buildings. This guidance provides clarity for the property and construction industry on the procurement of renewable energy and carbon offsets for net-zero buildings and organisations in the UK.
Posted: 09/03/2021
Rolls-Royce electric engines will power Vertical Aerospace’s Urban Air Mobility (UAM) aircraft – a form of air-taxi. Rolls-Royce electrical power system will be integrated into the piloted all-electric vertical take-off and landing (eVTOL) vehicle, which will carry up to four passengers for 120 miles at cruise speeds of over 200mph and is on course to certify in 2024.
Posted: 09/03/2021
Chevron, Schlumberger New Energy, Microsoft and Clean Energy Systems are jointly developing a project for bioenergy with carbon capture and sequestration (BECCS) that could produce carbon negative power in Mendota, California.
Posted: 09/03/2021
Morrisons has pledged to be the first supermarket to be completely supplied by net-zero carbon British farms by 2030, working with its 3,000 farmers and growers to produce net-zero carbon meat, poultry, fruit and vegetables.
Posted: 09/03/2021
Google, BT and DCMS among over 1,000 organisations are offering free mentorship to independent organisations through the Digital Boost programme to digitally upskill 500,000 women from female-led organisations by January 2022, with 200,000 of those from BAME backgrounds.
Posted: 08/03/2021
Satelligence has appointed sustainability expert Alan Kroeger as its head of supply chains and natural climate solutions to help drive new initiatives to boost sustainability for various crops facing sustainability challenges, such as cocoa.
Posted: 08/03/2021
Goldman Sachs has followed Citi’s pledge to net-zero saying that the company will achieve a net-zero position by in the next nine years.
Posted: 05/03/2021
Procter & Gamble (P&G) hair care brands Head & Shoulders, Pantene, Herbal Essences and Aussie are now available with a reusable aluminium bottle and recyclable refill across Europe, allowing European households to recycle, reduce and reuse, hopefully leading to 300 million fewer plastic bottles being produced yearly.
Posted: 05/03/2021
UK savers put almost £1bn a month into responsible investment funds in 2020, the Investment Association (IA) has stated, while net retail sales into responsible investment funds in January 2021 reached £1.2bn.
Posted: 05/03/2021
Carbon reduction company Storegga has completed its second funding round, with investment from Mcquarie, GIC and Mitsui & Co.
Posted: 04/03/2021
Citi’s new CEO is committing to net-zero greenhouse gas emissions by 2050.
Posted: 04/03/2021
Green hydrogen and ammonia use by ships should be encourages and the EU should include it in its upcoming maritime fuel law, major shipping industry players have told the EC.
Posted: 04/03/2021
The Chancellor’s Budget has placed bets on a green recovery to help plug the red ink in UK finances.
Posted: 04/03/2021
The Chancellor is expected to offer ‘green’ savings bonds in the Budget, with the monies raised being used to aid the transition to a low-carbon economy.
Posted: 03/03/2021
The combined impact of climate plans puts them on a current path to achieve a less than one per cent reduction by 2030 compared to 2010 levels according to the latest Synthesis Report.
Posted: 03/03/2021
A new report, Aligning the Stars: Asset owners and energy investment toward net-zero, reveals the scale of investment opportunities for private capital in helping the Government to achieve its net-zero targets and those outlined in the energy white paper.
Posted: 03/03/2021
The UN has releases new practical guidance for banks, investors and insurers to understand the impact on ocean health and transition to a sustainable blue economy.
Posted: 02/03/2021
Aviva will become a net-zero carbon emissions company by 2040, including being net-in its investments, by 2040.
Posted: 02/03/2021
Drax is starting the planning process for a negative emissions technology, bioenergy with carbon capture and storage (BECCS).
Posted: 02/03/2021
Electric vehicles consume far less raw material (metals) than internal combustion engined cars taking into account the recycling of the battery cell materials.
Posted: 02/03/2021
Volvo will sell only fully electric cars and phase out all internal combustion engines, including hybrids, by 2030
Posted: 02/03/2021
The Food and Drink Federation (FDF) has released its Ambition 2025 Progress Report, highlighting progress in some areas, including food and drink companies achieving a 55 per cent reduction in CO2 emissions five years before the target was due to be reached.
Posted: 26/02/2021
The National Audit Office (NAO) has released a report into efforts to reduce carbon emissions from traffic, highlighting the gap between what is needed and current progress, and the lack of clear strategy.
Posted: 26/02/2021
Anne-Sophie Castelnau has been appointed ING’s global head of sustainability, succeeding Amin Mansour, who fulfilled the role on an interim basis. Anne-Sophie is currently head of wholesale banking for ING in France.
Posted: 26/02/2021
E10 fuel, a blend of petrol and ethanol, will be available by September 2021 as the UK attempts to further reduce carbon emissions from transport.
Posted: 26/02/2021
A major report from the Association for Renewable Energy and Clean Technology (REA) points to more than half of the UK’s electricity generation needs being met by renewables by the end of 2022, and 100 per cent by 2032.
Posted: 25/02/2021
Virgin Media has a new five-year strategic partnership with the charity Carers UK, which aims to connect one million unpaid carers to each other and to their communities by the end of 2025.
Posted: 24/02/2021
Hyundai Motor has launched Charge myHyundai, following the launch of Kia’s KiaCharge. Hyundai Motor Group owns Kia Motors.
Posted: 24/02/2021
Buildings Performance Institute Europe (BIPE) has released a report highlighting that retail real estate asset managers, owners and investors lack a strategy towards achieving climate-neutrality. The report marks the launch of Paris-Proof Retail Real Estate, an initiative that looks to develop a vision and strategy to support the European retail real estate sector reach net-zero carbon emissions by 2050.
Posted: 24/02/2021
Jupiter Fund Management is committing to achieving net-zero emissions by 2050 across its full range of investments and operations with Andrew Formica (pictured), CEO, Jupiter, saying: “The transition to net-zero carbon emissions is imperative but improving wider societal and governance standards is also crucial. Along with net-zero commitments, initiatives that align with the wider sustainability agenda, such as the UNGC principles and Good Work Coalition, will result in long-term gains for all stakeholders.”
Posted: 24/02/2021
SSE Renewables and Spanish renewable energy developer Acciona have signed an exclusivity agreement regarding the formation of a 50/50 joint venture to enter the emerging Spanish and Portuguese offshore wind markets.
Posted: 23/02/2021
Kia Motors has launched its KiaCharge charging service in the UK giving owners of the brand’s BEVs and PHEVs access to 13,900 charge points across the UK – around 68 per cent of the public charging network.
Posted: 23/02/2021
DHL Freight and Volvo Trucks have partnered to speed up the introduction of heavy-duty electric trucks to be used for regional transport in Europe.
Posted: 23/02/2021
Vodafone has announced that it is working with the charity Mail Force Computers for Kids initiative to extend its schools.connected programme intended to help children who are struggling to complete lessons and schoolwork because of poor quality internet connection.
Posted: 23/02/2021
The Association of British Insurers (ABI) believes that post-Brexit improvements to the Solvency II regulatory regime for the insurance and long-term savings sector could free up billions while upholding high level protections for customers.
Posted: 23/02/2021
H&M Group has issued a €500m sustainability-linked bond that has been 7.6 times oversubscribed.
Posted: 22/02/2021
The Fairtrade Foundation is calling on the Government to work harder to clean up food supply chains and tackle the vast amount of carbon emissions ‘hidden’ in imported food and products.
Posted: 22/02/2021
With 60 per cent of the UK’s households currently have an EPC band D rating or below, the Government’s commitment to bring all greenhouse gas emissions to net-zero by 2050 will require immense investment - with household emissions accounting for 22 per cent of the UK’s total greenhouse gas emissions.
Posted: 22/02/2021
Anheuser-Busch InBev has signed a $10bn sustainability linked loan revolving credit facility, replacing its existing $9bn facility.
Posted: 22/02/2021
British Gas has committed to electrify its commercial fleet earlier, the third largest in the country will now be fully electric by 2025, five years earlier than its previous commitment.
Posted: 22/02/2021
HRH The Prince of Wales’ Sustainable Markets Initiative’s (SMI) initiative has been expanded by an invitation to executives from a number of the world’s largest banks to join the Financial Services Taskforce (FSTF).
Posted: 22/02/2021
Eavor Technologies has completed a USD$40m funding round for its Eavor-Loop, a process that circulates fluid in a closed-loop to draw heat and use the earth as a battery. Both BP Ventures and Chevron Technology Ventures are amongst the investors.
Posted: 19/02/2021
Facebook is in the news again – first there is the stand-off with the Australian government, then there is the news that the social media company is attempting to provide more information on climate change by expanding its expanding and improving our Climate Science Information Center.
Posted: 19/02/2021
Mr Justice Holgate has handed down a judgement in favour of a local resident in the Norfolk Vanguard planning case, saying, “There is no justification for the court to withhold the relief sought by the claimant”.
Posted: 19/02/2021
Maersk will operate the world’s first carbon neutral liner vessel by 2023 – seven years ahead of schedule and in future all Maersk owned vessels will have dual fuel technology installed, enabling either carbon neutral operations or operation on standard very low sulphur fuel oil (VLSFO).
Posted: 18/02/2021
The John Lewis Partnership has become the first retailer to sign-up to HRH The Prince of Wales’ Terra Carta, which forms part of HRH’s Sustainable Markets Initiative, and puts nature, people and planet at the heart of global business.
Posted: 18/02/2021
Creating a better society includes protecting the environment – in fact, you might say it is the most important thing to keep a planet intact so there can be any society at all. Therefore, we have launched new awards to recognise the leaders of green energy that will sit alongside our established Better Society Awards in December.
Posted: 18/02/2021
Following the announcement by Jaguar, Ford is the latest car maker to pledge to be all electric, saying that by mid-2026, all of its passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid; moving to all-electric by 2030.
Posted: 17/02/2021
A report from the Transition Pathway Initiative (TPI) finds that 95 of 111 (86 per cent) large publicly listed industrials, worth $856 billion, are failing to align with a pathway to 2C or below by 2050, with only Rio Tinto showing full alignment in the worst performing areas.
Posted: 17/02/2021
The UN-convened Net-Zero Asset Owner Alliance has issued a call to asset managers to collaborate in driving the development of blended finance vehicles, with the aim of drastically ramping up investment in climate solutions.
Posted: 17/02/2021
Perhaps not the most vital point in creating a renewable future, but none-the-less RenewableUK has expressed its dissatisfaction with the Unicode Consortium’s decision not to create a wind turbine emoji.
Posted: 17/02/2021
Jaguar Land Rover CEO Thierry Bolloré has revealed his vision of the carmaker over the coming years, including e electrification of the entire range.
Posted: 16/02/2021
Coventry City Council will enter a Joint Venture partnership with Coventry Airport to develop proposals for a Gigafactory.
Posted: 16/02/2021
Bank of America has outlined steps to achieve its goal of net-zero in its financing activities, operations and supply chain before 2050.
Posted: 15/02/2021
Goldman Sachs Group has settled an $800m sustainability bond to accelerate climate transition and advance inclusive growth across nine core thematic areas: clean energy, sustainable transport, sustainable food and agriculture, waste and materials, ecosystem services, accessible and innovative healthcare, accessible and affordable education, financial inclusion, and communities.
Posted: 15/02/2021
Lloyds Banking Group planted one million trees over the last year as part of its ambition to help finance a green recovery and reduce the impact of climate change across the UK.
Posted: 15/02/2021
Sustainable funds attracted $51bn of new investment in 2020, more than double the previous year, according to Morningstar, and on average, outperformed conventional funds and indexes,with potenbtial inducements from the Biden administration likely to further increase their pull.
Posted: 15/02/2021
Europe’s aviation sector’s sustainability initiative, Destination 2050 – A Route to Net Zero European Aviation would see all flights within and departing the EU, UK and EFTA realising net-zero CO2 emissions by 2050. The plan and related commitments laid out by Europe’s airlines, airports, aerospace manufacturers and air navigation service providers shows collective drive to make leisure and business air travel in Europe, and globally, more sustainable in the long-term.
Posted: 15/02/2021
The UK is investing £10m in a new national green finance research centre that will advise lenders, investors and insurers, enabling them to make environmentally sustainable decisions, and support a greener global economy.
Posted: 15/02/2021
John Lewis is donating nearly 5,000 items of warm clothing to families in need. The clothing will be distributed through local Home-Starts across ten key locations in the UK, where many vulnerable communities have been affected most during the pandemic.
Posted: 12/02/2021
The European Council has agreed the regulations that creates its Recovery and Resilience Facility and will make €672.5bn in grants and loans available for public investment and reforms in the 27 member states to help them address the impact of the COVID-19 pandemic, and to “foster the green and digital transitions and to build resilient and inclusive societies”.
Posted: 12/02/2021
Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2) has closed with more than €1.6bn of investor commitments. The fund will invest in a diversified portfolio of assets including platforms and construction stage and operational wind and solar projects in Western Europe, the US, Canada, Mexico, Japan, Taiwan, Australia and New Zealand.
Posted: 12/02/2021
Research into consumer beliefs by German site Handleskontor has highlighting a particularly odd form of nationalism when it comes to car buying. Despite widespread reports of ‘defeat devices;’ and emissions scandals, the Germ car buying public still rate German made cars as environmentally friendly – indeed rating them as in the highest bracket.
Posted: 12/02/2021
Barclays Corporate Banking has announced the launch of a new green Bonds Guarantees & Indemnities (BGIs) product, which will offer support to businesses trying to reduce their environmental impact as they conduct their day-to-day activities.
Posted: 12/02/2021
Coca-Cola brands in the US will use a bottle made from 100 per cent recycled PET (rPET) plastic in California, Florida and other selected areas following later this summer.
Posted: 11/02/2021
British Airways is investing in sustainable aviation fuel (SAF) technology via LanzaJet using sustainably sourced ethanol.
Posted: 11/02/2021
Shell is accelerating its transition to a net-zero emissions energy products and services provider, whilst it has confirmed its expectation that total carbon emissions for the company peaked in 2018, and oil production peaked in 2019.
Posted: 11/02/2021
Over 100 institutional and individual investors are filing a shareholder resolution asking Tesco to sell more healthier food.
Posted: 10/02/2021
Imas, a foundation funded by Ikea, is setting aside $250m to seed a sustainable equity fund designed by London-based Osmosis IM, an environmental specialist manager majority owned by management and employees.
Posted: 10/02/2021
Amazon and Dutch energy provider Eneco have reached agreement for renewable wind energy generated by the Dutch subsidy-free offshore wind farm Hollandse Kust Noord.
Posted: 10/02/2021
The Department for Environment, Food & Rural Affairs, Environment Agency (Defra) is seeking to seed fund projects with up to £100,00 each that tackle climate change, create and restore habitats, or improve water quality via its new Natural Environment Investment Readiness Fund. The idea is that once set up these projects will be in a state to attract further private investment. This will create a pipeline of projects for the private sector to invest in and develop new funding models that can be replicated elsewhere.
Posted: 10/02/2021
Nissan and non-profit conservation organisation the Arbor Day Foundation will together plant 20,000 trees across Europe in 2021 to mark a decade of the LEAF car – the first mass-market electric vehicle.
Posted: 09/02/2021
Fairtrade is experiencing a boom in demand, including bananas, cocoa, coffee and wine - reflecting the extent to which the pandemic has sparked an increased global consciousness for ethical goods.
Posted: 09/02/2021
The Crown Estate’s six proposed new offshore wind projects in Round 4 will represent just under 8GW of potential new offshore wind capacity.
Posted: 09/02/2021
Europe confirmed a record amount of €26.3bn of investments in new offshore wind farms in 2020, financing 7.1GW of new offshore wind and building 2.9GW of new offshore wind. Europe now has 25GW of offshore wind capacity. The EU aims to have 300 GW by 2050.
Posted: 09/02/2021
Following its recent foray into wind energy with a 50 per cent acquisition of US leases, BP has now partnered Energie Baden-Wuerttemberg AG (EnBW) as preferred bidder for two 60-year leases in UK.
Posted: 08/02/2021
Electricity network companies are to invest potentially hundreds of millions of pounds in network capacity to support shovel-ready projects across Britain over the next two years.
Posted: 08/02/2021
The majority of large companies in the UK are failing in adequately disclose how climate change will affect their business, with many potentially breaching the law.
Posted: 08/02/2021
Veolia in partnership with Carbon Clean are working on carbon capture trails at Veolia’s Energy Recovery Facilities (ERFs). If successful, this will be the first UK application of the technology to ERFs.
Posted: 05/02/2021
The Government is deliberating over the introduction of carbon taxes across all areas in a drive towards the UK’s net-zero ambition.
Posted: 05/02/2021
The latest Energy Storage Project Intelligence report from RenewableUK calculates that there is more than 16.1GW of battery storage capacity operating, under construction or being planned in the UK across 729 projects.
Posted: 05/02/2021
Research commissioned by online pension provider PensionBee has revealed that when asked what they would do if they discovered their pension fund was invested in unsustainable companies, 29 per cent would make steps to change where they are invested, with almost a quarter (24 per cent) of young people (aged 18-34) feeling so strongly they would actively encourage others to leave that pension fund.
Posted: 04/02/2021
Ocado Zoom, part of Ocado Retail, has launched a trial of electric assisted and pedal-powered vehicles at its site in Acton, West London.
Posted: 04/02/2021
London-based AP Ventures has led a funding round that includes Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), Neuman & Esser, and the Grantham Environmental Trust to help Infinium develop applications to decarbonise the transportation sector.
Posted: 03/02/2021
Transport Secretary Grant Shapps has announced that funding for the On-Street Residential Chargepoint Scheme (ORCS) will continue into 2021/22, allowing residents without private parking to reliably charge their vehicle.
Posted: 03/02/2021
ExxonMobil has created a new business to commercialise its low-carbon technology portfolio in the latest move by oil majors to shift to greener opportunities. The new business, ExxonMobil Low Carbon Solutions (ELCS), will initially focus on carbon capture and storage (CCS).
Posted: 03/02/2021
Dixons Carphone is to give £1m to support disadvantaged pupils, parents and teachers as part of a longer-term commitment to help end digital poverty in the UK.
Posted: 03/02/2021
Coca-Cola European Partners (CCEP) has committed to switch all of its cars and vans to electric vehicles, or ultra-low emission vehicles where EVs are not viable by 2030. GHG emissions from CCEP’s car fleet and vans makes up approximately 17 per cent of its total Scope 1 emissions.
Posted: 02/02/2021
The Multi-Asset Climate Solutions (MACS) Fund has launched, affording investors the opportunity to invest in products and services that can play a decisive role in mitigating climate change and building a more sustainable future.
Posted: 02/02/2021
Aviva Investors will require companies to deliver net-zero scope 3 emissions by 2050 and transition roadmaps or face full divestment.
Posted: 01/02/2021
BP has entered the offshore wind sector with Equinor, with the formation of a US offshore wind partnership. This includes BP’s $1.1bn purchase from Equinor of a 50 per cent interest in two major lease areas off the US East Coast. The new partnership will develop up to 4.4GW through two projects – Empire Wind and Beacon Wind – and together pursue further growth in the US offshore wind market.
Posted: 01/02/2021
Mastercard has pledged to reach net-zero emissions by 2050. The first company in the payments industry to gain Science Based Targets initiative (SBTi) approval for its GHG goals, Mastercard is currently working towards its SBTi-approved goal to reduce total Scope 1 and 2 emissions by 38 per cent and Scope 3 emissions by 20 per cent by 2025 from a 2016 baseline on its journey to net-zero.
Posted: 29/01/2021
Ford has increased its charging network threefold as it anticipates the arrival of its first major EV, the Mustang Mach-E.
Posted: 29/01/2021
President Biden gas moved immediately to recapture last ground in the battle on climate change with a freeze new oil and gas leases on public lands and a target to double offshore wind by 2030.
Posted: 29/01/2021
The Largest US carmaker is going green. The company plans to become carbon neutral in its global products and operations by 2040 and has committed to setting science-based targets to achieve carbon neutrality.
Posted: 29/01/2021
Prominent figures from the pensions industry have expressed relief that the Government has “broken new ground” with its adoption of recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
Posted: 29/01/2021
Nissan has set a goal to achieve carbon neutrality across all operations and the life cycle of its products by 2050.
Posted: 28/01/2021
EDF Renewables plans to build phase two of the Blyth Offshore Demonstrator (BOD) wind farm off the coast of Northumberland using floating offshore wind technology. Once completed it would be among the first projects of this kind in English waters.
Posted: 28/01/2021
Konica Minolta kas announced that its Enabling Carbon Neutrality programme has now offset more than 30,000 tons of CO2 emissions across sixteen European countries.
Posted: 28/01/2021
BlackRock has reported to investors that it has met its target of having all of its active and advisory portfolios ESG-integrated and has threatened to divest of stocks not meeting its climate criteria.
Posted: 27/01/2021
BP’s Lightsource division has closed on a $380m financing package and started construction on its Elm Branch and Briar Creek solar projects in Texas with commercial operation of both projects expected by late 2021.
Posted: 27/01/2021
Waitrose come first in the Environmental Investigation Agency (EIA) and Greenpeace table of UK supermarkets for efforts to reduce plastics across its shops and products for the second year in a row.
Posted: 26/01/2021
The Environmental Audit Committee (EAC) has written to Governor of the Bank of England urging the Bank to show continued leadership on climate change.
Posted: 26/01/2021
BP has cut its spending on exploration and drilling rights and made a major reduction in the number of employees within its exploration division.
Posted: 26/01/2021
Boris Johnson has announced the Adaptation Action Coalition, a new international coalition to tackle the impacts of climate change.
Posted: 25/01/2021
Shell has signed an agreement to buy ubitricity, a provider of on-street charging for electric vehicles. The move represents another move from oil companies to diversity and create distribution networks.
Posted: 25/01/2021
Ofgem has recommended an independent body to lead the path to net-zero, fully separating out running the electricity system from National Grid.
Posted: 25/01/2021
The Principles for Locally Led Adaptation have been unveiled at the start of the Climate Adaptation Summit to ensure climate adaptation is led by local people.
Posted: 25/01/2021
Werner Hoyer, President of the European Investment Bank, has urged EU to reject gas and all fossil fuels as he presented the bank’s 2020 results.
Posted: 22/01/2021
Unilever has committed to help raise living standards across its value chain, including providing a living wage or income to anyone directly providing goods or services to the company by 2030 and pioneering new employment models and equipping 10 million young people with essential skills to prepare them for job opportunities, also by 2030.
Posted: 22/01/2021
Tesco has launched its first bond that is linked to commitments to reduce greenhouse gas emissions.
Posted: 22/01/2021
President Trump took the US out of the Paris Agreement, much to the shock of those who care for the environment, and incoming President Biden has wasted no time id reversing that policy as part of a draft of climate related promises.
Posted: 21/01/2021
A collaboration between Vattenfall and Preem is set to create fossil-free hydrogen for biofuel production is entering the next phase, with a study to examine opportunities for building a large-scale production facility at the refinery in Lysekil, Sweden.
Posted: 20/01/2021
In its first year the Cadent Foundation has granted £4.8m to charitable organisations. Funded by gas network Cadent, the Cadent Foundation has awarded 100 new grants to charities and organisations working across the North West, West Midlands, East of England and North London.
Posted: 20/01/2021
The Co-operative Bank has announced it has renewed its partnership with The Hive, a support programme for the UK’s co-operatives.
Posted: 20/01/2021
The first production batch of five-minute charge sample cells, which is targeted at showcasing the technology to potential EV and industry partners has been unveiled. The first-generation battery was used to demonstrate the full charge of a two-wheeled EV in just 5 minutes for the first time and can offer ultra-fast charging to a number of other industries, such as commercial drones and consumer electronics.
Posted: 20/01/2021
Following the VW emissions scandal, Vauxhall has become the latest case maker to face litigation in the UK.
Posted: 19/01/2021
According to the IEA’s 2021 update of its Methane Tracker, oil and gas operations worldwide emitted more than 70 million tonnes of methane into the atmosphere last year. This is broadly equivalent to the total energy-related CO2 emissions from the entire European Union.
Posted: 19/01/2021
Total has successfully issued €3bn of bonds to finance its development strategy, mainly acquisitions, in renewables, in particular €1.7bn for the acquisition of a 20 per cent interest in Adani Green Energy Limited (AGEL).
Posted: 19/01/2021
Octopus customers in Market Weighton or Caerphilly can enjoy cheaper 100 per cent renewable electricity whenever Octopus local turbines are spinning. In a new scheme the company is offering its customers a package for £1 a week giving them local renewable energy, and 20 to 50 per cent discounts on energy if the local turbine is spinning (estimated at 98 per cent of the time).
Posted: 19/01/2021
Chevron today has invested in San Jose-based Blue Planet Systems Corporation, a start-up for carbon capture technology.
Posted: 18/01/2021
Drax intends to make a significant contribution to a post-COVID, green economic recovery by creating and protecting thousands of jobs in the North associated to carbon capture technology.
Posted: 18/01/2021
PepsiCo will double the scope of its climate goal, targeting a reduction of absolute greenhouse gas emissions (GHG) across its value chain by more than 40 per cent by 2030.
Posted: 18/01/2021
By integrating an electrolyser into an offshore wind turbine as a single system to directly produce green hydrogen Siemens Gamesa and Siemens Energy hope that regions with abundant offshore wind will become accessible for the hydrogen economy, enabling them to store and transport wind energy, without needing a connection to a grid or cables. (Test site shown.)
Posted: 15/01/2021
A low carbon hydrogen facility has been created at Ellesmere Port, Cheshire, converting natural gas and fuel gases from the Stanlow Refinery and converting them to hydrogen, with carbon dioxide captured and stored offshore in sub-surface reservoirs in Liverpool Bay.
Posted: 14/01/2021
Nations must urgently increase action to adapt to the new climate reality or face serious costs, damages and losses, a new UN Environment Programme (UNEP) report finds, and whilst the pace of adaptation financing is indeed rising, it continues to be outpaced by rapidly increasing adaptation costs. With annual adaptation costs in developing countries are estimated at $70 bn and expected to reach $140-300bn in 2030.
Posted: 14/01/2021
Thirty-three of the world’s largest investors, representing $5.1tr of assets under management, have committed to setting and reporting on 2025 targets to support the transition to net-zero greenhouse gas emissions by 2050.
Posted: 14/01/2021
The UK will spend at least £3bn of international climate finance climate on change solutions that protect and restore nature and biodiversity over five years.
Posted: 13/01/2021
The Investor Forum has called on the Government to introduce a mandatory non-binding shareholder ‘say on climate’ votes to drive “real-world impact” and a powerful investor signal on the effectiveness of any mandated climate disclosures.
Posted: 12/01/2021
The Prince of Wales's Sustainable Markets Initiative has launched the Terra Carta – a charter that puts sustainability at the heart of the private sector.
Posted: 12/01/2021
HeatRHIght, a renewables funding scheme that supports the delivery of air source heat pump technology to the social housing sector, has received long-term financing from LGIM Real Assets.
Posted: 12/01/2021
The International Energy Agency (IEA) has created the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050.
Posted: 12/01/2021
COVID has accelerated the social awakening, and whilst social factors have, on average, been effective in each of the last six calendar years, in 2020, when the coronavirus pandemic proved its virulence, these factors have proved especially important.
Posted: 12/01/2021
The China National Emissions Trading Scheme (ETS) has opened for business after the system’s core pieces have been put in place.
Posted: 11/01/2021
Alok Sharma is leaving his role as Business Secretary in order to fully focus on the presidency of COP26. Sharma will still be a full member of Cabinet and will chair the Climate Action Implementation Committee.
Posted: 11/01/2021
Friends of the Earth Netherlands (Milieudefensie) seeing Shell in court. The group is suing Shell along with 17,379 co-plaintiffs and six other organisations with a team headed by Roger Cox.
Posted: 11/01/2021
Investors that include Amundi and Man Group have filed a resolution for the bank’s AGM calling for it to “promote the long-term success of the company” and publish a strategy of targets to reduce its expose to fossil fuel financing.
Posted: 11/01/2021
Finbold’s Bank Fines 2020 report reveals the list of banks that faced the biggest fines in 2020.
Posted: 11/01/2021
Lenovo customers can opt to offset carbon emissions of its Think branded products at the point of purchase as part of the company’s new CO2 Offset Services initiative.
Posted: 08/01/2021
New data from the Copernicus Climate Change Service satellites show that 2020 was as hot as 2016 – record years for temperatures.
Posted: 08/01/2021
Apple will adjust executive remuneration according to how well the corporate does against a raft of ESG criteria.
Posted: 07/01/2021
The majority of people in the UK see 2021 as vital for tackling the climate emergency with two thirds (67 per cent) believing the planet is in a worse shape than it has ever been, and that the world needs to act within the next year if it is going to tackle the climate emergency.
Posted: 07/01/2021
In an opinion piece published on CNN Business Perspectives, BP CEO Bernard Looney and Christiana Figueres, the former executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), have called for “concrete action” to meet the Paris goals.
Posted: 06/01/2021
Tesco has removed one billion pieces of plastic from its UK business in 2020. The target was part of Tesco’s commitment to tackle plastics through its 4Rs Packaging Strategy: remove it where it can, reduce where it can't, reuse more and recycle.
Posted: 06/01/2021
UK Research and Innovation (UKRI) has announced the six winners of the second phase of the Industrial Strategy Challenge Fund’s (ISCF) decarbonisation of industrial clusters: cluster plan competition.
Posted: 05/01/2021
Macquarie has confirmed that it has met its agreement with the Government and financed £3bn of green projects. In 2012 the government created the Green Investment Bank to encourage private capital into green projects. Acquired by Australian bank Macquarie in 2017 and renamed the Green Investment Group (GIG) part of the deal was to meet these green finance targets.
Posted: 05/01/2021
SASC has launched a Renewables Investment Committee to target more investments in community renewable projects in 2021.
Posted: 04/01/2021
The Hornsea Project Three offshore wind farm has been given development consent. The wind farm, offering a capacity of up to 2.4GW located off the coast of Norfolk has been green lit following a six-month examination.
Posted: 04/01/2021
A revised strategy from the Oil & Gas Authority (OGA) has been submitted to Parliament, featuring for the first time an obligation on the oil and gas industry to support the UK’s net-zero target.
Posted: 23/12/2020
Octopus Energy Group has agreed a major strategic partnership with Tokyo Gas in a deal that values the UK entech in excess of $2bn.
Posted: 23/12/2020
Nest, the workplace pension scheme, will take another step in reducing its carbon footprint while increasing investment in emerging market equities.
Posted: 22/12/2020
The EU has agreed a €672bn recovery fund, 37 per cent of which must be invested in projects that support climate objectives.
Posted: 22/12/2020
National Grid ESO has confirmed that UK wind farms generated a record 17.3GW on 18 December, beating the previous record high of 17.1GW which was generated on 2 January 2020.
Posted: 22/12/2020
Forty-one regional leaders from Edinburgh to Cornwall made a commitment last week to cut further and faster than the national goals in a race to net-zero by pledging to eliminate emissions in their communities at least five years earlier.
Posted: 18/12/2020
Celebrating the fifth anniversary of the signing of the Paris Agreement, AXA’s CEO Thomas Buberl called for a new alliance of climate responsible insurers to create a “Net-Zero Underwriting Alliance”.
Posted: 17/12/2020
Lloyd’s of London has released its Environmental, Social and Governance Report which, amongst other commitments, asks Lloyd’s managing agents to no longer provide new insurance cover for coal-fired power plants, thermal coal mines, oil sands and new arctic energy exploration.
Posted: 17/12/2020
ZeroAvia’s mission to transition the world to zero-emission, hydrogen-fuelled flight picked up a significant tailwind today as the startup has announced $21.4m in new funding from Breakthrough Energy Ventures (a fund backed by Bill Gates) and Ecosystem Integrity Fund, with follow-on investors Amazon Climate Pledge Fund, Horizons Ventures, Shell Ventures, and Summa Equity.
Posted: 17/12/2020
Energy giant BP has increased its investment in Finite Carbon, a forest carbon offset developer, increasing its stake in the company to a majority.
Posted: 17/12/2020
Daimler, IVECO, OMV, Shell and Volvo are collaborating as H2Accelerate for the adoption of hydrogen. The participants believe that synchronised investments across the sector during the 2020s will create the conditions for the mass market roll-out of hydrogen fuelled heavy duty transportation which is required to meet the European ambition of net-zero emissions by 2050.
Posted: 15/12/2020
Taxpayers will no longer support fossil fuel projects overseas as the Government withdraws all support for such programmes.
Posted: 15/12/2020
A joint initiative between Unilever, the Foreign, Commonwealth and Development Office (FCDO) and EY has launched Transform Survive & Thrive, an open-source platform to support early- and growth-stage impact enterprises in developing economies that are at risk of failure due to COVID-19 disruption.
Posted: 15/12/2020
Unilever will put its climate transition action plan before shareholders and seek a non-binding advisory vote on the company’s ambitious emissions reduction targets and the plans to achieve them – the first time a major global company has voluntarily committed to put its climate transition plans before a shareholder vote.
Posted: 15/12/2020
The Better Society Awards 2021 are now open for entries, with a deadline of 5 March 2021 to showcase the ways in which organisations have helped create a better, more sustainable, ethical and sustainable world for all.
Posted: 14/12/2020
Following the announcement of the Net-Zero Asset Owner Alliance, asset managers representing over $9tr of assets under management have launched of the Net Zero Asset Managers Initiative. This is a leading group of global asset managers that will commit to support the goal of net-zero greenhouse gas emissions by 2050 or sooner.
Posted: 14/12/2020
Britishvolt has selected the site of a former coal power station in Blyth Northumberland to build the UK’s first battery gigaplant and will begin construction in Summer 2021 with lithium-ion batteries to be in production by the end of 2023.
Posted: 11/12/2020
Lidl GB has become the first food retailer to publish a Human Rights Impact Assessment (HRIA), sharing the impact of its operations on human rights within the tea supply chain.
Posted: 10/12/2020
The annual Climate Change Performance Index (CCPI) monitors the climate protection performance of 57 countries and the EU, and despite significant changes there is still no country that is high enough rated to meet any of the top three positions.
Posted: 09/12/2020
Following the launch of the Renewable Hydrogen Coalition, six hydrogen developers have joined forces to form the Green Hydrogen Catapult.
Posted: 09/12/2020
Ofgem has confirmed a $40bn investment programme into the energy infrastructure to reduce the impact of the networks on the environment and help meet he net-zero emissions target by 2050.
Posted: 09/12/2020
The Climate Change Committee (CCC) has released its first detailed route map for a fully decarbonised nation, finding that the cost of this will be much lower than previously thought.
Posted: 09/12/2020
A group of 123 scientists, led by Andreas Hoepner and Joeri Rogelj have written an open letter to the EU President following a first draft criteria for the EU sustainable finance taxonomy, attempting to classifying investments that can be marketed as sustainable.
Posted: 08/12/2020
Over 300 companies including AstraZeneca, Danone, Firmenich, HP, Mars and Mitsubishi Electric have today been named on this year’s ‘A List’ by CDP - a major increase on last year, despite the unprecedented challenges posed by COVID-19.
Posted: 08/12/2020
Although adoption of green fuels is steadily increasing for road transport, new research suggests that electrofuels should be prioritised for ships and planes, most of which cannot use batteries to decarbonise and will generate huge demand for e-fuels.
Posted: 07/12/2020
The Crown Estate and UK Government have today launched a new partnership to protect and restore the UK’s precious marine environment, as the nation seeks to chart a course towards net zero emissions by unlocking the green energy potential of the UK seabed.
Posted: 07/12/2020
Gridserve has opened the UK’s first Electric Forecourt near Braintree, Essex, the first site of a proposed 100 being built over the next five years.
Posted: 07/12/2020
The economic impacts of the Covid-19 crisis appear to be deepening the challenge of reaching international energy and climate goals according to the annual update on efficiency trends from the International Energy Agency.
Posted: 07/12/2020
Eni is to take 20 per cent stake in first two phases of world’s largest offshore wind farm, owners SSE Renewables and Equinor have confirmed, with the Italian multinational joining as a partner in the first two phases.
Posted: 04/12/2020
BlackRock has created Aladdin Climate, a new software that should allow financial institutions and investors to quantify climate risk in their portfolios.
Posted: 04/12/2020
The Prime Minister gas announced a new plan aims for at least 68 per cent reduction in greenhouse gas emissions by the end of the decade, compared to 1990 levels.
Posted: 04/12/2020
This year the Better Society Awards had to be held virtually, but this has not stopped the excitement around the exceptional ideas and teams that have entered. Please see the virtual presentations, shortlist and award announcements.
Posted: 03/12/2020
Europe needs to reach a minimum 3 per cent annual deep renovation rate to achieve a strengthened GHG reduction target and a boost for renewable heating and cooling, new Buildings Performance Institute Europe (BPIE) analysis shows.
Posted: 03/12/2020
Twenty-one projects across the UK will receive a share of £5.75m in Government funding to kickstart the UK’s green industrial revolution and build capability in the UK supply chain for the manufacture of Power Electronics, Machines and Drives (PEMD).
Posted: 03/12/2020
Nasdaq has filed a proposal with the US Securities and Exchange Commission (SEC) to adopt new listing rules that would require most companies listed to have, or explain why they do not have, at least two ‘diverse’ directors, including one who self-identifies as female and one who self-identifies as either an 'underrepresented minority' or LGBTQ+. Foreign companies and smaller reporting companies would have additional flexibility in satisfying this requirement with two female directors.
Posted: 03/12/2020
Unfriend Coal’s Insure Our Future campaign has revealed its fourth annual scorecard on insurers’ climate policies, and despite progress some major companies in the US, the Lloyd’s Market and East Asia are still insuring coal. Moreover, there are few signs that the global insurance industry is taking comprehensive action on oil and gas.
Posted: 02/12/2020
Danone Waters UK and Ireland, whose brands include Evian and Volvic, has received certification as a B Corporation, the designation for ESG businesses.
Posted: 02/12/2020
Entech ‘unicorn’ Octopus Energy has won National Technology’s prestigious ‘Tech Company of the Year’ award for its technology-driven approach to energy supply in the UK.
Posted: 02/12/2020
The Paris Agreement’s 1.5C goal is within striking distance, with the Climate Action Tracker (CAT) calculating that global warming by 2100 could be as low as 2.1C as a result of all the net-zero pledges announced to date.
Posted: 01/12/2020
The UK has managed to cut carbon from its power supply at almost double the rate of other major economies over the past decade.
Posted: 01/12/2020
EOS at Federated Hermes has sent out a letter to all FTSE 100 companies and additional companies within its UK engagement programme outlining its principles regarding diversity and inclusion, climate change and remuneration.
Posted: 30/11/2020
ENIAN has this week been awarded a £500,000 Smart Grant by Innovate UK to develop a new cost predicting algorithm set to accelerate the uptake of renewable energy across the country.
Posted: 30/11/2020
Boohoo has appointed a former High Court judge Sir Brian Leveson and KPMG to examine its business practices following allegations that a supplier was paying workers less than the minimum wage.
Posted: 26/11/2020
Toyota (GB) has raised more than £1.1m for BBC Children in Need’s 2020 Appeal. The sum was achieved through activities including fundraising by Toyota centres nationwide and a text-to-win prize draw. As part of its partnership with BBC Children in Need, Toyota also provided support vehicles for The One Show’s Rickshaw Challenge.
Posted: 26/11/2020
SSE Renewables and Equinor have announced financial close on the first two phases of the Dogger Bank Wind Farm project, representing in aggregate the largest offshore wind project financing to date globally.
Posted: 26/11/2020
The UK has risen into the top five countries for the attractiveness of renewable energy investment and deployment opportunities, in the latest Renewable Energy Country Attractiveness Index (RECAI), ranking the top 40 countries in the world.
Posted: 25/11/2020
Companies operating in the global food value chain are underestimating key environmental risks and ignoring opportunities for creating a more sustainable food system, according to a new report published by CDP.
Posted: 25/11/2020
The Government has set out the next steps for its “green industrial revolution” as it publishes its plans for the next round of the renewables support scheme.
Posted: 25/11/2020
A new App, Sugi, has been launched that will enable users to check the carbon impact of their investments.
Posted: 24/11/2020
Vodafone will reach net zero by 2040, a decade ahead of its original 2050 target, and will aim to eliminate carbon emissions from its own activities, as well as from the energy it purchases, by 2030.
Posted: 24/11/2020
Co-op Power is embarking on a growth programme, calling out for new corporate members for the first time since it was originally conceived in 2003.
Posted: 22/11/2020
The HM Treasury-led Asset Management Taskforce has outlined a series of twenty recommendations to place stewardship at the heart of an agenda to ‘build back better’ post-coronavirus.
Posted: 24/11/2020
Morningstar has unveiled its ESG Commitment Level with assessments of 107 individual strategies and 40 asset manager groups. Morningstar’s analysts will eventually produce these commitment levels for other funds and asset managers included in our coverage.
Posted: 19/11/2020
A £40m green energy deal with the City of London Corporation could provide a blueprint for local authorities seeking to reduce carbon emissions and cut costs.
Posted: 18/11/2020
Standard Life Aberdeen (SLA) has estimated that their employees carbon emissions from working at home due to the pandemic could represent up to 60 per cent of their overall 2020 carbon footprint. In order to help reduce this impact upon the climate, the company has partnered with Pawprint and will initially target a representative sample of 500 colleagues from around the world to use the Pawprint for Business carbon App.
Posted: 18/11/2020
The Government has formally announced the long-rumoured decision to bring forward the date from which new petrol or diesel vehicles can be sold, with the ban now coming into force from 2030.
Posted: 18/11/2020
Boris Johnson has set out plans for his £12bn “green industrial revolution” in a little more detail, saying that “now is the time to plan for a green recovery”.
Posted: 18/11/2020
The Biofuture Platform, a global multi-stakeholder initiative, has today called for policymakers to urgently address a 11.6 per cent fall in biofuel output which has occurred as a direct result of the COVID-19 pandemic.
Posted: 17/11/2020
Zurich Insurance Group has become the first large institutional investor to prioritise the environmental and social goals of its impact investment portfolio following its AUM reaching $5bn.
Posted: 17/11/2020
On 23 November, SolarPower Europe, WindEurope, and Breakthrough Energy will formally create the Renewable Hydrogen Coalition, an initiative that will support and promote the renewable hydrogen industry.
Posted: 17/11/2020
Midlothian Council and Vattenfall have formally launched a new energy services company (ESCo), a equal joint venture to deliver low carbon energy projects across the area. The first project will be a low carbon district heating network supplying the new Shawfair town (pictured) in the north of the council area on the outskirts of Edinburgh.
Posted: 17/11/2020
As a part of a £22.5 million Government investment five new circular economy centres are being built to explore how reusing waste materials in the textiles, construction, chemical and metal industries could deliver huge environmental benefits and boost the UK economy.
Posted: 16/11/2020
M&G has bet £150m on the expansion plans if Zenobe Energy, specialists in battery storage and services to electric vehicle operators.
Posted: 16/11/2020
SSE Renewables is partnering with Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP) on joint bids for the ScotWind seabed leasing process managed by Crown Estate Scotland.
Posted: 16/11/2020
The Government has launched a new Green Jobs Taskforce to support the creation of 2 million skilled jobs to “build back greener” and reach net-zero emissions by 2050.
Posted: 13/11/2020
A new advisory group has been formed that will establish a set of principles for financing in the sustainable recovery.
Posted: 13/11/2020
Sky News has reported that Boris Johnson has stated that there is “no time to waste” in dealing with climate change as the Prime Minister stats to consider a post-COVID economy, the forth coming COP 26 summit and a widely predicted earlier ban on new internal combustion engine vehicles.
Posted: 12/11/2020
The European Marine Energy Centre (EMEC) will deploy an Invinity Energy Systems 1.8 MWh flow battery at its tidal energy test site in Scotland in a world-first project to combine flow battery technology with tidal power to produce continuous green hydrogen.
Posted: 12/11/2020
Fiat Chrysler Automobiles (FCA) and Engie EPS have formed a joint venture (JV) that will offer a full a suite of charging infrastructure and green energy packages for electric vehicle customers across Europe.
Posted: 12/11/2020
The UK SMR consortium, led by Rolls-Royce, has announced plans for a fleet of 16 small modular reactor (SMR) power stations to be built over the next 20 years.
Posted: 12/11/2020
Over 10,000 companies, cities, states and regions have reported data through CDP on climate change, water security and deforestation in 2020. This is a significant increase in the number of corporates disclosing, with 9,617 companies, worth over 50 per cent of global market capitalisation, disclosed their environmental data through CDP this year.
Posted: 12/11/2020
HSBC and Young Money have launched Money Heroes, a financial education programme centred around an innovative online platform designed to help teachers and parents collaborate on the delivery of meaningful and fun home and school learning.
Posted: 11/11/2020
The LEVC (London Electric Vehicle Company) has agreed a set of new finance products in partnership with Santander to help boost its commercial vehicle sales in Germany.
Posted: 11/11/2020
The Taskforce on Scaling Voluntary Carbon Markets has published its initial recommendations in a public consultation document, stating that the market must grow 15-fold by 2030 to enable companies and organisations to meet goals set under the Paris climate agreement.
Posted: 11/11/2020
Renewable power has grown significantly this year, as oil, gas and coal use have declined over he pandemic, according to a report from the International Energy Agency (IEA).
Posted: 10/11/2020
Ørsted and BP have signed a letter of intent to work together to develop a ‎project for industrial-scale production of green hydrogen.
Posted: 10/11/2020
The Government will issue its first green bonds in 2021 to help fund climate protection and aid the recovery from the pandemic.
Posted: 10/11/2020
A coalition of nine financial institutions representing €1.8tr in assets under management is asking companies to take action to end deforestation in their supply chains, as well as to enhance supply chain traceability.
Posted: 11/09/2020
The Association of Member Nominated Trustees (AMNT) has urged trustees to develop effective ESG policies and use them to hold fund managers in pooled fund arrangements to account.
Posted: 11/09/2020
In the search of clean safe energy a major milestone in fusion energy has been reached with the latest fusion research machine, the Mega Amp Spherical Tokamak (MAST) Upgrade achieving ‘first plasma’, meaning that it is able to generate a mass of electrically-charged gas plasma in its core. Fusion, offers the potential of an abundant, low-carbon electricity supply.
Posted: 09/11/2020
The Ellen MacArthur Foundation has released its second Global Commitment progress report showing that the group, that includes such companies as ASOS, M&S, Super dry and Unilever, has made progress in their first year after signing the Global Commitment, but a substantial acceleration of progress will be needed in the coming years to achieve the 2025 targets.
Posted: 06/11/2020
Spanish multinational electric utility Iberdrola, the world’s third biggest and owner of Scottish Power, will invest €75bn over the next five years to increase its renewable energy capacity as it moves away from fossil fuels.
Posted: 06/11/2020
GSK has announced a new environmental sustainability goals for both climate and nature, aiming to have a net-zero impact on climate and a net positive impact on nature by 2030.
Posted: 05/11/2020
Responsible investment funds saw net retail sales of £7.1bn for the year-to-date, leaping from £1.9bn for the first three quarters of 2019.
Posted: 05/11/2020
Green businesses could benefit from £134m investment from the Government, as it seeks to protect innovative businesses during the pandemic and build upon them for a ‘green’ recovery.
Posted: 04/11/2020
Barclays has announced a new three-year partnership with Samaritans, as a part of Barclays’ £100m Covid-19 Community Aid Package, which the bank launched in April in response to the pandemic.
Posted: 03/11/2020
A Schroders Institutional Investor Study has revealed that a clearer sustainability terminology is the major concern of investors who are cautious of “greenwashers”.
Posted: 03/11/2020
The Competition and Markets Authority (CMA) will investigate descriptions and labels used to promote products and services claiming to be ‘eco-friendly’, and whether they could mislead consumers.
Posted: 03/11/2020
A new coalition of private sector, public sector and civil society representatives, including Arcadis, Electrolux, Engie, Kohler, Procter & Gamble, and Suez and assembled under the name of the 50L Home Coalition.
Posted: 02/11/2020
BlackRock has called for a set of global ESG standards to replace the various ESG standards and terminology currently used by the investment community.
Posted: 02/11/2020
The Volvo Group and Daimler Truck have signed binding agreement to develop and produce fuel-cell systems for use in heavy-duty trucks.
Posted: 02/11/2020
Barclays has announced that it successfully closed a £400m green bond issue (the 2020 Green Bond), the second bond it has issued with a specific intention to support climate-related products and initiatives. The 2020 Green Bond, which matures in 2026, attracted strong institutional investor interest with orders amounting to more than £2bn (an oversubscription of five times). It will offer a yield of 1.7 per cent.
Posted: 30/10/2020
The Scottish Government has set a new target for offshore wind capacity of 11GW by 2030, supporting the delivery of Scotland’s 2017 Energy Strategy and the decarbonisation of heat and transport and has been agreed following an extensive consultation with industry, stakeholders, coastal communities and environmental organisations.
Posted: 30/10/2020
The Rockefeller Foundation is committing $1bn over the next three years to help stimulate an ‘inclusive, green recovery’ from the pandemic.
Posted: 30/10/2020
Research across 27 markets has found that trust in how companies communicate their sustainability performance has increased to 51 per cent this year, but with significant variations by country.
Posted: 30/10/2020
The UK has created a set of ESG standards for fund managers, officially recognised by the Government.
Posted: 29/10/2020
The World Business Council for Sustainable Development (WBCSD) has tightened its rules of its membership, meaning that new and existing members will need to have set an ambition to reach net zero no later than 2050 and have a science-informed plan to achieve it.
Posted: 28/10/2020
South Korea has pledged a pathway to carbon neutrality, with President Moon Jae-in seeking net-zero emissions by 2050.
Posted: 28/10/2020
The global green bond market is set to grow to €1tr by the end of 2021 and €2tr by the end of 2023, according to NN Investment Partners (NN). However, the credentials of green bonds can be misleading with around 15 per cent of issues are from companies involved in controversial practices that contravene environmental standards.
Posted: 28/10/2020
CambridgeHOK has signed an agreement with Protium Green Solutions to speed up the decarbonisation of the UK horticultural sector through the increased use of green hydrogen energy solutions.
Posted: 28/10/2020
Green energy investment will reach $11tr by 2050 as costs decline, with around half of all energy coming from renewables.
Posted: 28/10/2020
The total pipeline of global offshore wind projects has grown by 47 per cent since January - despite the pandemic.
Posted: 28/10/2020
The Toyota Fund for a Better Tomorrow has now created funding support of more than £1m, helping to improve the quality of life and the environment in communities across the UK.
Posted: 27/10/2020
Environmental management and consultancy company WSP will halve the carbon footprint of its designs and advice by 2030 and deliver net-zero emissions in its own operations by 2025 in the UK.
Posted: 27/10/2020
BP, Eni, Equinor, National Grid, Shell and Total have formed a new partnership to develop ‎offshore carbon dioxide transport and storage infrastructure in the North Sea.
Posted: 26/10/2020
Triodos Bank has released new research showing that the COVID-19 pandemic is driving growth in ethical investments, estimating that £22bn could be invested in a green and fair recovery.

The latest annual Impact Investing Survey has found that awareness of ethical investing is significantly higher than in any other year since the survey began and that COVID-19 is motivating over a fifth of investors (22 per cent) to explore investing in ethical funds.
Posted: 22/10/2020
SEGRO has launched the fourth funding round of its Centenary Fund, which this year has focused on supporting existing and new projects providing support to vulnerable members of the community who have been impacted by coronavirus. The industrial space and warehousing firm’s £10 million fund was launched ahead of schedule to help those needing urgent support amid the pandemic.
Posted: 2020-10-22
This week sees the launch of a series of refill initiatives at Unilever, as part of the company's commitment to halving its use of virgin plastic by reducing its absolute use and ensuring it is all fully reusable, recyclable or compostable by 2025.
Posted: 21/10/2020
Executive pension contributions are being pushed into line with those of the workforce following calls from shareholders as an issue of fairness and to foster good employee relations.
Posted: 20/10/2020
National Grid’s fourth interconnector, IFA2, will provide enough clean energy to power one million British homes, adding to a portfolio of interconnectors that will provide enough zero-carbon energy to power eight million homes a year by 2030.
Posted: 15/10/2020
Blackrock has invested $118m in UK commercial electric vehicle maker Arrival, valuing the company at $3bn.
Posted: 15/10/2020
The Big Exchange has been heralded as the UK’s first actively-managed social, environmental and impact investment platform, co-founded by The Big Issue and a coalition of finance partners.
Posted: 15/10/2020
Partnerships between leading companies and NGOs are deeper, longer-term, more sophisticated, and are proving more effective in addressing the big challenges facing society, according to a survey of practitioners.
Posted: 14/10/2020
Legal and General Investment Management (LGIM), the UK’s biggest asset manager, will warn 500 companies that they must do more to tackle climate change as it expands its Climate Impact Pledge.
Posted: 14/10/2020
Thirty of the world’s largest investors with $5tr in assets under management have collectively agreed on concrete portfolio decarbonisation targets that follow the Intergovernmental Panel on Climate Change (IPCC) 1.5 C scenario for the next five years.
Posted: 13/10/2020
Students from IBM’s Extreme Blue internship programme have developed a prototype system to improve product traceability and provide consumers with deeper insights into a product’s lifecycle.
Posted: 13/10/2020
IEA’s World Energy Outlook 2020 (WEO-2020) focuses on the pivotal period of the next decade and provides the latest IEA analysis of the COVID-19 pandemic’s impact.
Posted: 13/10/2020
Direct Line Group announced a Community Fund in April this year, designating £3.5m to provide immediate support to people in need throughout the UK. As part of that fund, Direct Line Group has announced donations of £100,000 to Mind’s Infoline and £150,000 to the charity’s emergency fund.
Posted: 12/10/2020
Climate Change is depressing, but it could be even worse, and the economic effects are being underestimating by trillions of dollars, according to a new study co-authored by scientists from the University of Warwick.
Posted: 12/10/2020
HSBC is committing to align its financed emissions – the carbon emissions of its portfolio of customers – to the Paris Agreement goal to achieve net-zero by 2050 or sooner.
Posted: 12/10/2020
Plans to make the Square Mile net-zero by 2040 have been revealed by the City of London Corporation as it unveils its Climate Action Strategy.
Posted: 09/10/2020
BT’s £55bn pension scheme and the £9bn South Yorkshire Pension Fund have together added nearly half a million more pensions to a net-zero commitment for their investments.
Posted: 9/10/2020
ING has published its second progress report on Terra, ING’s approach to steer its €600bn lending book in line with the well-below two-degree climate goal of the Paris Agreement.
Posted: 08/10/2020
Green bond issuance has passed the $1 trillion mark, with the milestone being reached in only thirteen years since the market’s inception in 2007.
Posted: 08/10/2020
The European Parliament has endorsed the proposed stricter 2030 emissions-reduction target that would see a reduction of 60 per cent from 1990 levels, creating pressure on the EU to regulate for the target and pushing carbon credits to a new high.
Posted: 07/10/2020
JPMorgan Chase has said that it will align to the goals of the Paris Agreement and as a part of its strategy intends to help clients’ transition to a low-carbon world.
Posted: 07/10/2020
Royal London has joined forces with national poverty charity, Turn2us, for a social impact partnership. The collaboration will focus on helping people prevent a life shock from becoming a crisis.
Posted: 07/10/2020
Virgin Money and Mencap’s Charity of the Year partnership has raised over £440,000 and help raise awareness of learning disabilities despite the majority od efforts being over the pandemic period.
Posted: 07/10/2020
Boris Johnson’s virtual speech at the Conservative Party Conference laid out the vision of a green COVID recovery, repeating and expanding on manifesto pledges and his UN summit address.
Posted: 06/10/2020
Over twenty organisations have sent an open letter to the Government calling for the finance industry not to be left out of a proposed new law to tackle the UK’s contribution to global deforestation.
Posted: 06/10/2020
iShares € Govt Bond Climate UCITS ETF which began trading on Deutsche Börse’s ETF venue, Xetra, on 5 October 2020 offers access to Eurozone government bonds that weigh up their climate risk.
Posted: 06/10/2020
Octopus Energy has announced that it will create a thousand jobs and build a new technology, data science and AI centre in Manchester.
Posted: 05/10/2020
Aviva has set a new 2050 net-zero carbon emissions target for its own auto-enrolment default pension funds.
Posted: 05/10/2020
Liz Kendall, a Labour shadow minister and MP for Leicester West has written to several institutional investors asking them to remove the Boohoo CEO and chair.
Posted: 05/10/2020
Science-based target validation has been introduced to help financial organisations align their lending and investments with the Paris Agreement, with 55 institutions already committed, including Standard Chartered.
Posted: 02/10/2020
The CBI is calling for greater ethnic spread across UK plc boards, launching a new campaign to increase racial and ethnic participation in senior leadership.
Posted: 02/10/2020
Petitions representing 300,000 people has been handed to Nestlé protesting its decision to end sourcing cocoa and sugar on Fairtrade terms.
Posted: 02/10/2020
A year ago, 235 investors called for action from companies to halt deforestation in the Amazon, yet a year later just 33 of them have introduced zero-deforestation policies of their own.
Posted: 02/10/2020
The University of Cambridge will divest from all direct and indirect investments in fossil fuels by 2030 as part of the University’s plan to cut its greenhouse gas emissions to zero by 2038. The £3.5bn Cambridge University Endowment Fund will also increase its investment in renewable energy as more funds seek a green dividend and a cleaner conscience.
Posted: 01/10/2020
Willmott Dixon is aiming to make all new build and refurbishment projects delivered from 2030 net-zero carbon under a new 2030 sustainable development strategy.
Posted: 30/09/2020
Current approaches to carbon offsetting are unlikely to deliver results needed to achieve global climate goals and it is necessary to define a new set of principles according to a study by Oxford University.
Posted: 30/09/2020
Governments and regulators should urgently work together to improve the data used for ESG investing, according to a new OECD report.
Posted: 30/09/2020
Social and Sustainable Capital (SASC) has acquired Leapfrog Bridge Finance (LBF), the finance arm of low carbon innovator, Pure Leapfrog.
Posted: 29/09/2020
Octopus Energy has moved into the US energy market with the acquisition of Silicon Valley-based Evolve Energy.
Posted: 29/09/2020
The Singaporean-domiciled oil trading company Trafigura is the latest oil concern to start investing in renewables with a bid to acquire or create 2GW green energy and storage.
Posted: 28/09/2020
SSE Renewables and RWE Renewables have joined forces to develop an extension adjacent to the operational 504MW Greater Gabbard Offshore Wind Farm, located more than 20Km off the UK coast in the southern North Sea.
Posted: 28/09/2020
Volvo Cars has announced its Green Finance Framework, a defined structure that will allow the company to fund its climate plan and electrification strategy by issuing green bonds or obtaining green loans.
Posted: 25/09/2020
During the UN General Assembly, Boris Johnson has been highlighting the need for greater ambition in climate recovery and the role of wind energy in a virtual roundtable.
Posted: 25/09/2020
Certified As Recyclable is a new certification from OPRL that is tasked with removing greenwash and misleading labelling from recyclable goods. The scheme will provide thoroughly evaluated and tested recyclability assessments and will initially be available for rigid and flexible plastic packaging in partnership with RECOUP. The scheme will be extended across all packaging materials in future.
Posted: 24/09/2020
Amazon has launched its Climate Pledge Friendly programme, which identifies sustainable products on the internet retailing site.
Posted: 24/09/2020
EcoAct has published its annual Sustainability Reporting Performance Report, building on a decade of examining how some of the largest companies in the world are acting and reporting on climate change. Starting out as Carbon Clear, then as part of EcoAct – now a part of Atos – the highest performing companies across the CAC 40, Dow 30, FTSE 100 and IBEX 35 have been reviewed and analysed, then ranked.
Posted: 23/09/2020
European asset managers are leading the world in ESG product availability, thought leadership and brand positioning, according to new research by Kurtosys Systems.
Posted: 23/09/2020
China hasn’t the greatest reputation when it comes to carbon emissions, but in a surprise move has pledged to cut its carbon dioxide emissions to nearly zero by 2060.
Posted: 23/09/2020
The Government needs to support the development of green hydrogen, generated using renewable electricity, as a cheap energy source for the future.
Posted: 23/09/2020
The ‘Big Four’ accounting firms have revealed a joint set of accounting standards under the World Economic Form.
Posted: 22/09/2020
New Zealand has made climate reporting a legal requirement for all large financial organisations. The first country in the world to make such a step, it will now be mandatory for banks, asset managers and insurers to compile and disclose their climate related impact.
Posted: 22/09/2020
Burberry is launching what it describes as the “first sustainability labelled bond issued by a luxury fashion company” with an issuance valued at £300m.
Posted: 22/09/2020
Morgan Stanley is committing to reach net-zero financed emissions by 2050. The company has acknowledged that the current lack of standardised tools and methodologies around measuring and disclosing financed emissions is still a major issue but will attempt to work with clients toward net-zero.
Posted: 22/09/2020
Like the phoenix arising from ashes, some good has come from bad as the Canadian government is putting money raised from fining VW for its emissions disaster into a climate fund.
Posted: 21/09/2020
Most of the UK workforce want to volunteer their professional skills to charities – and their employers could benefit significantly from making it easier to do so.
Posted: 18/09/2020
A new report investigates industry tactics regarding plastic pollution crisis and growing public pressure to address it.
Posted: 17/09/2020
The European Parliament has voted put an end to the loopholes that it conceded to carmakers managed following the ‘Dieselgate’ scandal.
Posted: 17/09/2020
Retailer Iceland has joined forces with Friends of the Earth, Greenpeace, A Plastic Planet and Surfers Against Sewage to call for businesses to commit to enhanced transparency in reporting on plastic consumption and tighter enforcement of mandatory reporting on plastic packaging and plastic pollution reduction targets.
Posted: 17/09/2020
A global coalition of 60 climate and rights groups, led by Rainforest Action Network (RAN) and including Friends of the Earth, Greenpeace, the Sierra Club and Urgewald, has issued a set of principles for finance companies attempting to truly align the climate impact of their business practices with the Paris Agreement in the run up to COP26.
Posted: 17/09/2020
Despite progress in several areas, none of the UN’s biodiversity targets have been attained.
Posted: 16/09/2020
Google has eliminated its entire carbon legacy (covering all its operational emissions before the company became carbon neutral in 2007) through the purchase of high-quality carbon offsets, CEO Sundar Pichai (pictured) has announced.
Posted: 15/09/2020