Archive News

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
The group Climate Action 100+ has sent a letter sent to CEOs and chairs from 161 global companies calling for the firms to commit to net-zero business strategies or face pressure at their AGMs.
Posted: 15/09/2020
BP has continued its new strategy to reshape its business, or as the company describes it “pivots” way from being an international oil to a wider energy company with a deal with Microsoft.
Posted: 15/09/2020
FTSE Russell has launched its enhanced Green Revenues 2.0 Data Model, which measures the green revenue exposure of more than 16,000 listed companies across 48 developed and emerging markets. This represents 98.5 per cent of the total global market value of listed companies.
Posted: 15/09/2020
Loop Industries and SUEZ will build the largest recycling facility in in the world, dedicated to the production of food grade fully recycled and infinitely recyclable plastic.
Posted: 14/09/2020
A fifth of carbon dioxide emissions come from multinational companies’ global supply chains, according to a new study led by UCL and Tianjin University.
Posted: 14/09/2020
Jean-Sébastien Jacques, Rio Tinto’s CEO, is quitting in the wake of criticism of the destruction of Aboriginal sites.
Posted: 14/09/2020
Over the last few years, as Green investment entered the mainstream, the idea of Blue Investing has been gaining strength, with several funds launched to protect and invest in the oceans.
Posted: 11/09/2020
The first UK-wide citizens’ assembly on climate change has published its final report, setting out a clear path for how the UK can reach its legally binding target of net-zero emissions by 2050.
Posted: 11/09/2020
Martin Winterkorn, the head of VW at the time of the emissions scandal, will stand trial in Germany.
Posted: 11/09/2020
A major effort to develop and deploy clean energy technologies worldwide is urgently needed to meet international energy and climate goals, particularly in order to reduce carbon emissions from areas beyond the power sector such as transport, buildings and industry, according to a new International Energy Agency (IEA) report.
Posted: 11/09/2020
When it comes to diversity there is something of a diversity of opinion. Nearly half of the surveyed UK workforce (46 per cent) think their employer could do more, leaving a small majority of 54 per cent content.
Posted: 11/09/2020
L’Oréal brand Maybelline, in partnership with TerraCycle, has created a free recycling programme for all brands of empty makeup packaging.
Posted: 10/09/2020
The University of Oxford and Lombard Odier have created a strategic partnership on sustainable investment that will see the first endowed professorship of sustainable finance at any major global research university.
Posted: 10/09/2020
BP has entered the offshore wind market through partnership in the US with Equinor, the new name of Norwegian oil company Statoil.
Posted: 10/09/2020
A new database reveals which countries are abiding by pollution agreements, with Italy emerging as the most transparent country, and Germany coming bottom of the league.
Posted: 09/09/2020
Major loopholes in hundreds of financial institutions' coal policies have been revealed by Reclaim Finance, in partnership with 16 other NGOs, using a new online tool to identify, assess, and compare the policies adopted worldwide to restrict or end financial services to the coal sector.
Posted: 09/09/2020
Uber will provide at least half of its rides in emissions-free vehicles across seven European capitals by 2025 and aim for being fully emissions free the company has announced. The world’s largest mobility platform pledged to clean up its act in Amsterdam, Berlin, Brussels, Lisbon, London, Madrid and Paris in response to the #TrueCostOfUber campaign, which urged it to ditch dirty vehicles and replace them with electric cars.
Posted: 09/09/2020
The International Organization of Securities Commissions (Iosco), the umbrella body for securities regulators, is seeking to harmonise rules governing how companies disclose sustainability risks in the face of increasing pressure from investors for transparency compatible measures.
Posted: 08/09/2020
Hybrit Development is taking a step toward cleaner steelmaking with the start-up of a pilot plant for the production of fossil-free sponge iron. The company jointly owned and founded by the steel manufacturer SSAB, the mining company LKAB and the energy company Vattenfall, is hoping to form a template for a new generation of steel production.
Posted: 08/09/2020
UK consumers are confused by electric vehicle technology and many potential customers are being put off making a purchase according to new research commissioned by Ford.
Posted: 08/09/2020
Hubbub has launched a manifesto of policies seeking to ensure that the UK makes a sustainable recovery from COVID-19. 
Posted: 08/09/2020
Tesco and Hubbub are collaborating on the No Time for Waste Challenge, seeking to reduce the 6.6 million tonnes of food wasted by UK households every year.
Posted: 07/09/2020
Ingka Group, the owners of IKEA, will accelerate its investments to reach the IKEA goal of being climate positive by 2030, committing €600m more into companies, solutions and its own operations to enable the transition to a net-zero carbon economy. This increases its overall investments into sustainability to €3.8bn.
Posted: 04/09/2020
A new open data and analytics initiative is aiming to model better risk management and boost financing for climate solutions.
Posted: 04/09/2020
The first Volta Zero, the world’s first purpose-built full-electric 16-tonne commercial vehicle with a centrally low-mounted seat giving the driver 220 degrees of visibility to optimise pedestrian and cyclist safety, has been delivered.
Posted: 04/09/2020
A new database reveals that global banks have enabled $154 billion in loans and underwriting into the production and trade of commodities driving deforestation and land degradation since 2015.
Posted: 03/09/2020
The German government is issuing green bonds under a new concept of ‘twin’ bonds to avoid negative effects of illiquidity. It also makes it easier for there to be a natural diversification between conventional and green bond investors.
Posted: 03/09/2020
A majority of the UK’s largest investors have become more active when voting on remuneration, with M&G, Aviva and LGIM opposing at least a quarter of remuneration reports in the first half of 2020.
Posted: 02/09/2020
Unilever has announced it will source all of the carbon derived from fossil fuels in its cleaning and laundry product formulations with renewable or recycled carbon.
Posted: 02/09/2020
The LEGO Group has joined the Ellen MacArthur Foundation in a three year membership that will focus on four key areas; working with the Foundation’s network of businesses, experts and policymakers to accelerate the transition to a circular economy, inspiring circular design across the toy industry and beyond, expanding the circular services and products the LEGO Group offers, and teaching children about the circular economy through play.
Posted: 02/09/2020
The International Energy Agency (IEA) has published its Key World Energy Statistics (KWES) 2020, making sobering reading on the way in which the world is currently creating energy.
Posted: 02/09/2020
Oxfordshire-based Saietta has revealed plans to build a new sustainable plant powered by solar panels.
Posted: 01/09/2020
The Government plans to protect rainforests and ensure more sustainable supply chains as it consults on a new law to clean up the UK’s supply chains.
Posted: 01/09/2020
Mark Carney, the ex-Governor of the Bank of England, has joined Brookfield Asset Management as its head of ESG and impact fund investing.
Posted: 01/09/2020
New data analysis reveals that the carbon emissions resulting from six key consumer spending categories fell by almost a third during the national lockdown, with year-on-year emissions remaining much lower than in 2019.
Posted: 28/08/2020
Norway’s Storebrand Asset Management has made sweeping divestments, cutting loose over two dozen listed companies under a new climate change policy including BASF.
Posted: 25/08/2020
Dixons Carphone has become the first technology retailer to join the EV100 initiative, committing to switch its commercial fleet to electric and alternative fuel vehicles by 2030.
Posted: 25/08/2020
Norwegian energy company Equinor (formerly Statoil) has signed Agreements for Lease (AfL) with The Crown Estate for two offshore wind farm extensions in the UK.
Posted: 25/08/2020
German energy company RWE, the third-largest renewables player in Europe, has set put it vision of increasing its 25GW pipeline of renewables projects following its share sale that raised €2bn of funds.
Posted: 24/08/2020
Cazenove, part of Schroders, has won the long-running “ESG investing Olympics” against 58 other contenders.
Posted: 24/08/2020
Internationally, alongside other developed countries, the UK has committed to jointly mobilise $100bn per year in climate finance to developing countries from public and private sources. This was instrumental in securing the landmark Paris Agreement. As part of this the UK alone has now provided £5.8bn of International Climate Finance (ICF) between 2016 and 2020.
Posted: 21/08/2020
Climate protesters held a demonstration outside Samsung’s flagship store on Oxford Street over its plans to build the controversial Vung Ang 2 coal plant in Vietnam.
Posted: 21/05/2020
Recycling and upcycling aluminium waste from drinks cans, bottle tops and end-of-life vehicles could reduce carbon emissions by up to a quarter.
Posted: 21/08/2020
The Charitable Foundation at St. James’s Place has reached the £100m mark for monies raised through fundraising and corporate matching.
Posted: 20/08/2020
Electrification of 7,500km of the UK’s major road network would enable most lorries to be powered by overhead charging cables, resulting in dramatically reduced carbon emissions, a new report has found.
Posted: 19/08/2020
Zero and ultra-low emission cars (including plug-in hybrids and battery electric vehicles) continued to make inroads at nine per cent of all new car sales July.
Posted: 18/08/2020
Selfridges has launched a new sustainability initiative, Project Earth, with the aim of transforming the way we shop by 2025.
Posted: 17/08/2020
Bloomberg has joined the ESG scoring arena, with its own propriety ESG scores, offering environmental and social (ES) scores for 252 companies in the oil and gas sector, and board composition scores for more than 4,300 companies across multiple industries.
Posted: 14/08/2020
Amazon Prime Video and Amazon Studios has announced a $6m commitment to support the European TV and film production creative community through the COVID-19 pandemic, with Caroline Dinenage, UK Minister for Digital and Culture (pictured) praising the action.
Posted: 13/08/2020
Twenty-one charities across the UK will share a £1.2m funding pot from the ScottishPower Foundation, which champions benevolent work in local communities throughout the UK. Among the recipients of the funding this year is the Dynamic Earth Charitable Trust in Edinburgh (pictured), which has been awarded £86,500 towards the creation of a new, state-of-the-art planetarium that will transport audiences through the history of the universe.
Posted: 12/08/2020
Morningstar has reported that flows into ESG funds have rebounded strongly after the coronavirus pandemic, more than doubling to $54.6bn over the second quarter of 2020.
Posted: 12/08/2020
Most corporates in the past were deaf to social issues, it really wasn’t their ‘thing’ but the welcome rise of ESG awareness up the corporate ladder has led to an interesting dilemma.
Posted: 12/08/2020
New research carried out for the National Infrastructure Commission (NIC) underlines the sharp falls in the cost of renewable generation and suggests that Britain should aim for renewables to meet two-thirds of electricity needs by 2030 - and that this can be delivered at the same overall cost as meeting only half of total demand by that date.
Posted: 12/08/2020
CEOs from 27 of the largest employers in the New York area are launching the New York Jobs CEO Council to collaborate with educational institutions, community organisations and non-profits to hire skilled workers with a focus on low-income and Black, Latinx and Asian communities.
Posted: 11/08/2020
Drinks maker Diageo has cut its greenhouse gas emissions from direct operations in half, and reduced emissions by over a third (33.7 per cent) across its total value chain.
Posted: 11/08/2020
Bedfordshire-based Clayhill solar farm, the UK’s first solar farm built free from government subsidy, has been acquired by Gridserve to supply its Electric Forecourt in Braintree (construction pictured).
Posted: 11/08/2020
Bank Track’s research into Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in two-thirds (65 per cent) of cases.
Posted: 11/08/2020
Veolia has become the first company to join the On-Pack Recycling Label (OPRL) programme under the recently introduced waste management company membership category.
Posted: 11/08/2020
E.ON and Nissan have successfully deployed 20 vehicle-to-grid (V2G) chargers as part of a trial to demonstrate how electric vans and cars could play a role in supporting the UK grid and provide a profitable and sustainable solution for business fleets.
Posted: 10/08/2020
ITV has announced its intention to reduce its carbon emissions by 46 per cent by 2030, in line with a 1.5C science-based emissions scenario.
Posted: 10/08/2020
Microsoft has set a goal to achieve zero waste from its direct operations, products and packaging by 2030, and in a worldwide first have deployed hydrogen fuel cells to power its servers for 48 consecutive hours.
Posted: 07/08/2020
A blueprint for investors to maximise the contribution they make in tackling climate change and achieving net-zero emissions globally by 2050 has been developed with global investors representing more than $16tr in assets, through the Institutional Investors Group on Climate Change (IIGCC).
Posted: 06/08/2020
Google owner Alphabet is making a $10bn debt offering, issuing $5.75bn in sustainability bonds, making this the largest sustainability or green bond by any company so far.
Posted: 05/08/2020
After setting a goal for being net-zero company by 2050 in February, amidst bad results and investor pressure, BP has announced that it will be adopting a new more ambitious strategy to “reshape” the company away from being an international oil company focused on producing resources to an integrated energy.
Posted: 05/08/2020
The Energy Networks Association’s (ENA) Open Networks Project has been published for consultation, seeking to further drive standardisation in local UK energy markets.
Posted: 04/08/2020
The Partnership for Carbon Accounting Financials (PCAF) has announced that Bank of America has joined its initiative. Bank of America is the largest and most diversified global financial institution to participate in this collaboration and follows other new members NatWest (RBS) and Morgan Stanley.
Posted: 03/08/2020
The first global standard for financial institutions to measure and track the climate impact of their lending and investment portfolios has been released by the Partnership for Carbon Accounting Financials (PCAF).
Posted: 04/08/2020
Some hedge funds invest in socially responsible companies to change their focus to maximising value for short-term shareholders.
Posted: 03/08/2020
Following a successful trial, John Lewis is rolling out a new supplier engagement programme called Better Jobs to all of its 120 UK manufacturing suppliers.
Posted: 03/08/2020
The first floating wind farm is now operational. WindFloat Atlantic is now supplying energy to Portugal's electrical grid following the connection of the last of the three platforms to the 20 km export cable connecting the wind farm to the substation at Viana do Castelo.
Posted: 31/07/2020
Property developer Landsec is progressing plans for the UK’s first net-zero commercial building. Previously known as 105 Sumner St, the Forge will be a 139,000 sq ft office development in Southwark set behind Tate Modern and will be constructed and operated in line with the UK Green Building Council’s (UKGBC) net-zero carbon buildings framework and associated energy performance targets.
Posted: 31/07/2020
Credit Suisse is to provide at least $328bn in sustainable financing over the next decade, in the latest announcement by global banks on ESG financing.
Posted: 31/07/2020
Germany’s largest private sector bank has announced a new policy for fossil fuel investment and a new criteria for classifying ESG financing.
Posted: 31/07/2020
Shell and Total have released their latest results, with combined total writedowns of almost $25bn.
Posted: 30/07/2020
Citi has announced a five-year 2025 sustainable progress strategy to help accelerate the transition to a low-carbon economy, including a $250bn environmental finance goal to facilitate climate solutions globally. This builds on Citi’s previous $100bn goal announced in 2015 and completed last year, more than four years ahead of schedule.
Posted: 30/07/2020
The latest report on energy generation in the UK reveals a record-breaking contribution by renewables throughout 2019, with over a third of electrical energy coming from green sources.
Posted: 30/07/2020
Waitrose and John Lewis will significantly increase the use of electric vans as it phases out the use of fossil fuels across its entire transport fleet by 2030.
Posted: 29/07/2020
“No-one wants to save throughout their life to retire into a world devastated by climate change.” Mark Fawcett, chief investment officer Nest.
Posted: 29/07/2020
National Grid ESO has predicted that reaching net-zero carbon emissions from the power sector is possible by as early as 2033, but immediate action across areas will be needed to achieve this goal and net-zero as a country by 2050.
Posted: 28/07/2020
Nearly all institutional investors (98 per cent) evaluate nonfinancial performance based on corporate disclosures, and three-quarters look for robustness of an organisation’s planning for climate risks.
Posted: 27/07/2020
A group of 24 mayors and local leaders, representing 25 million people across the country have come together to form UK100’s new Resilient Recovery Taskforce. The Taskforce calls on the Chancellor and Prime Minister to commit to a New Deal for Green Skills and Growth, alongside a major push on infrastructure investment, public transport and retrofitting homes.
Posted: 27/07/2020
Combining both sustainable products and sustainable companies, Refinitiv has launched its Sustainable Finance League Tables, measuring new sustainable capital use and ranking the investment banks underwriting such activity.
Posted: 27/07/2020
Atos is to acquire EcoAct, the carbon reduction strategy consulting firm. The acquisition will in part support Atos’ decarbonisation solutions, services and strategies.
Posted: 27/07/2020
A new five-year collaboration to deliver next generation energy technologies and accelerate the UK’s transition to a net-zero has been formed. The Energy Transition Alliance (ETA), has been created by The Oil & Gas Technology Centre (OGTC) and the Offshore Renewable Energy (ORE) Catapult, and will collaborate with the energy industry to drive a focused, funded programme of advanced technologies, including the next generation of hydrogen production and floating offshore wind.
Posted: 24/07/2020
What is claimed to be the first current account designed for climate action has been launched. The account features a carbon tracking tool, biodegradable card, and will donate 1 per cent of account revenues to environmental non-profit partners.
Posted: 24/07/2020
The Task Force on Nature-related Financial Disclosures (TNFD) has officially formed its Informal Working Group, a milestone along the road to creating a flobal framework for measuring and reporting on financial risks posed by nature, biodiversity and habitat degradation.
Posted: 23/07/2020
Federated Hermes has appointed two new hires to its Impact Opportunities team as client demand for sustainable investment solutions continues to grow. Reporting to Ingrid Kukuljan, head of impact investing, Amélie Thévenet and Jordan Patel will be joining the firm’s London office in September and July respectively.
Posted: 23/07/2020
A four-year investor engagement with 25 giant food retailers and manufacturers, led by the FAIRR investor network, has found that two in five global food giants, including Tesco and Unilever, with combined annual revenues of $459bn now have dedicated teams to develop and sell plant-based alternatives to meat and dairy.
Posted: 23/07/2020
The Cathay Pacific is set to reduce its single-use plastic (SUP) footprint by half by the end of 2022, removing nearly 200 million pieces of SUP from operations annually and is committed to buying 1.1 million tonnes of sustainable aviation fuel over the next decade.
Posted: 23/07/2020
Boris Johnson has announced £350m is being made available to fund cut emissions in heavy industry and drive economic recovery.
Posted: 22/07/2020
Barclays, Handelsbanken, Triodos, Ecology Building Society and Tide have all committed to providing financial support to the NetZero economy.
Posted: 22/07/2020
BNP Paribas published its financing policy for mining companies and operators of coal-related infrastructure online, which goes further than the one published three weeks ago regarding coal-based electricity producers by excluding companies based on strictly defined criteria.
Posted: 22/07/2020
A new report points to bravery and a willingness to reject the status quo as vital strategies that leaders will need to respond to the combined pressures of the global pandemic and the climate emergency.
Posted: 22/07/2020
EU leaders have struck a deal on its recovery package, striking a deal between the more cautious Northern countries and those Southern Members more severely affected.
Posted: 21/07/2020
Already carbon neutral in its corporate emissions worldwide, the company plans to make its entire business, manufacturing supply chain, and product life cycle carbon neutral by 2030.
Posted: 21/07/2020
Vodafone will be running its European network on 100 per cent renewable electricity by July 2021, a target that is four years earlier than previously set.
Posted: 21/07/2020
Morgan Stanley has become the first US-based global bank to join the Partnership for Carbon Accounting Financials (PCAF) and its steering committee as part of a commitment to measuring and disclosing its approach to climate change risk and opportunity.
Posted: 21/07/2020
Bloomberg has funded the additional distribution of one million meals around the world, building on founder Michael Bloomberg’s $6m in support for World Central Kitchen that supplied 1m meals to frontline workers at 16 New York City public hospital facilities.
Posted: 21/07/2020
The UK Sustainable Investment and Finance Association (UKSIF) has published an open letter to the Economic Secretary to the Treasury John Glen MP stating its, and its members, desire to align with the EU’s sustainable finance reforms regardless of the outcome of EU exit.
Posted: 20/07/2020
The Chartered Insurance Institute (CII) has revealed how it will work with the International Association for Sustainable Economy (IASE) to create ESG qualifications.
Posted: 20/07/2020
A study from cloud management company Ivalua reveals that 60 per cent of UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic.
Posted: 17/07/2020
Reuters is reporting that over a thousand green projects are vying for a share of the EU’s post-COVID recovery package.
Posted: 17/07/2020
Molton Brown has announced a new partnership with Loop to reduce waste and plastic use.
Posted: 17/07/2020
Britishvolt is to build its 30 GWh battery manufacturing plant, and supplementary 200MW solar plant, at a former RAF base at Bro Tathan, Vale of Glamorgan, South Wales.
Posted: 17/07/2020
Analysis by Thrive Renewables, an investment company, predicts that unlocking the potential of onshore renewables could deliver £28.9bn to the UK economy by 2035 and 45,000 new jobs.
Posted: 16/07/2020
US insurance start-up Lemonade doubled its share price upon its IPO debut, raising almost $320m, and valuing the company at more than $3bn at the time.
Posted: 16/07/2020
Banks are the still funding the European coal market. A new report by Europe Beyond Coal, of which ShareAction is a member, has found that European banks Unicredit, BNP Paribas, Barclays and Societe Generale have been keeping Europe’s top eight coal utilities afloat.
Posted: 16/07/2020
According to the latest figures, renewable energy capacity investment has had a surge despite the global pandemic.
Posted: 15/07/2020
Aldi has announced its commitment to reduce the volume of plastic packaging used by half by 2025. This new commitment will see the UK’s fifth-largest supermarket remove 74,000 tonnes of plastic packaging during the next five years, the equivalent to 2.2 billion single items of plastic.
Posted: 15/07/2020
German think-tank Agora Energiewende has cast suspicion on exactly how ‘green’ the EU’s much touted recovery budget will be.
Posted: 15/07/2020
The Government is to relax planning legislation to make it easier to construct large batteries to store renewable energy from solar and wind farms across the UK.
Posted: 15/07/2020
CDP has released a new dataset gives investors temperature ratings for 4,000 global companies, based on emission reduction targets covering all relevant GHG emissions in a company’s value chain.
Posted: 13/07/2020
The annual mean global temperature is likely to be at least 1C above pre-industrial levels (1850-1900) in each of the coming five years (2020-2024) and there is a 20 per cent chance that it will exceed 1.5C in at least one year, according to new climate predictions issued by the World Meteorological Organization (WMO).
Posted: 13/07/2020
Over 50 CEOs, policymakers, philanthropists, academics, and others have reaffirmed their commitment to building a circular economy, including representatives of the European Parliament, Arup Group, Barclays Bank, Nestlé, PepsiCo and Unilever.
Posted: 13/07/2020
Hitachi Rail and Hyperdrive Innovation have signed an exclusive agreement to develop battery packs to power zero-emission trains and create a battery hub in the North East.
Posted: 13/07/2020
The National Centre for Universities and Business has welcomed measures announced in chancellor Rishi Sunak's summer statement to help young people and encourage economic growth.
Posted: 10/07/2020
CNP Assurances has adopted a definitive plan to exit thermal coal in its investment portfolio by 2030 in the EU and OECD countries, and by 2040 in the rest of the world
Posted: 09/07/2020
A new temperature rating system has been launched to allow investors to track the carbon emissions of thousands of global companies.
Posted: 07/07/2020
The British Red Cross, the British Psychological Society and risk adviser, Marsh, have come together to provide expert support to people during and after a crisis. Born out of the tragic events of the Manchester Arena bombing, London Bridge terror attack and the Grenfell Tower fire in 2017, the new Psychosocial Reserve Volunteers group will support people affected by emergencies in the UK.
Posted: 2020-07-07
British and Swiss mathematicians and statisticians believe they have found a way of managing the risk of unethical bias in artificial intelligence systems. AI is increasingly being deployed in commercial situations. In insurance, for instance, while there may be legitimate reasons for using AI to set different prices for different people, but it may also be profitable to "game their psychology or willingness to shop around".
Posted: 06/07/2020
BNP Paribas will phase out coal power finance. In declaring a strategy to achieve zero exposure to coal-fired electricity by 2030 in EU and OECD countries, and by 2040 in all other countries, the company will stop financing companies that would add, in any way, new electricity production capacities to their coal-fired power plants, whether through purchasing, the expansion of existing plants or the construction of new ones.
Posted: 03/07/2020
Secretary of State for Business, Energy and Industrial Strategy Alok Sharma has been given consent to Vattenfall's 1.8GW Norfolk Vanguard project, comprising of between 90 and 180 turbines sitting 30 miles offshore.
Posted: 03/07/2020
Four years after selling off the Green Investment Bank, there have been calls for a new ‘Green Infrastructure Bank’.
Posted: 02/07/2020
The Financial Times’ Moral Money column has appraised ESG analysts in the light of the Wirecard collapse.
Posted: 02/07/2020
Moving a pension to a more sustainable fund is 27 times more effective in reducing your carbon footprint than not flying and becoming a vegan combined, according to the newly launched Make My Money Matter (MMMM) Campaign.
Posted: 02/07/2020
China’s green bond market has expanded rapidly quadrupling in size over four years from 2016-2019 and becoming the second largest green bond market globally, reaching $120bn of cumulative issuance according to data collection by CPI and the International Institute of Green Finance (IIGF).
Posted: 01/07/2020
The Financial Times is reporting that almost a third of the world’s biggest brands are likely to suspend spending on social media in light of the companies’ lax attitude to controlling hate speech.
Posted: 30/06/2020
Boris Johnson has revealed the Government’s vision of the road to post-COVID recovery. Referring to the US New Deal of the 1930s’ he noted that “this moment also gives us a much greater chance to be radical and to do things differently”.
Posted: 30/06/2020
Financial services companies need to understand their impact and dependency on nature and set targets to achieve international policy goals on biodiversity says new UN-backed report.
Posted: 30/06/2020
Germany currently has 84 active hydrogen filling stations, 121 per cent more than in the rest of Europe combined.
Posted: 29/06/2020
Amazon has donated $2bn to the Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to be net-zero carbon by 2040.
Posted: 29/06/2020
The Climate Financial Risk Forum (CFRF) has published a guidance to financial firms on an approach to address climate-related financial risks. The guide, the first of its kind, provides practical recommendations to firms of all sizes on disclosure of climate-related financial risks; effective risk management; scenario analysis, and opportunities for innovation in the interest of consumers.
Posted: 29/06/2020
The Lord Mayor’s Appeal’s City Giving Day 2020, taking place in September, has adapted to the issue of COVID-19, and this year businesses and employees are encouraged to think about how they can run activities online and using digital platforms.
Posted: 29/06/2020
The transition to a net-zero carbon economy is imperative but cannot come at the expense of the most vulnerable. This first global human rights benchmark examines the human rights policies of 16 of largest wind and solar companies.
Posted: 29/06/2020
The Institute for Public Policy Research (IPPR) has called for a Royal Commission to assess UK preparedness for nature crises after COVID-19 exposed “fragility” in face of major threats.
Posted: 26/06/2020
In its annual report to Parliament, the Committee on Climate Change (CCC) provided an outline of a recovery that could accelerate the transition to a cleaner, net-zero emissions economy and strengthens the country’s resilience to the impacts of climate change.
Posted: 26/06/2020
The California Air Resources Board will require commercial vehicles manufacturers to produce zero-emission vehicles by 2024, and all new vehicles will need to be zero-emissions by 2045.
Posted: 26/06/2020
The EU’s €40bn Just Transition Fund, designed to help move away from fossil fuels, is unlikely to finance nuclear or natural gas projects or decommissioning after a meeting of member countries.
Posted: 26/06/2020
Schroders launched #CollectiveAction on 17 April, a viral social media campaign aimed at encouraging colleagues to volunteer and to donate, with the project already raising £3.5m.
Posted: 25/06/2020
The City of Oslo is about to launch the world's first high-powered wireless taxis, allowing the vehicles to recharge without cables and sustain longer working hours.
Posted: 25/06/2020
Coutts – the wealth manager and private banking division of RBS – has set a target of reducing carbon emissions in its portfolio by 25 per cent by the end of 2021 and halving those in its overall holdings by 2030.
Posted: 25/06/2020
Deloitte’s initiative to help one million people through access to education and employment, its One Million Futures programme has exceeded its one million target one year ahead of schedule through meaningful partnerships with 90 charities, schools and social enterprises across the UK.
Posted: 24/06/2020
The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050.
Posted: 24/06/2020
EU carbon credits prices have been rising dramatically as the COVID-19 lockdowns continue to ease globally.
Posted: 24/06/2020
MetLife has announced that it has become the first US-based life insurer to join the UN Global Compact corporate sustainability initiative.
Posted: 24/06/2020
Forty-two new companies have signed up to the Women in Finance charter, which aims to promote gender diversity in Financial Services, the City Minister John Glen has announced today, bringing the total number of signatories to over 370.
Posted: 23/06/2020
The Bank of England (BoE) has published its own climate-related financial disclosure for the first time, setting out the Bank’s approach to managing the risks from climate change across its entire operations.
Posted: 23/06/2020
Low-income countries are targeting reduced environmental and social risks, new green finance opportunities, small and medium enterprise finance, lending to women, and financial inclusion as essential components of sustainable finance, according to a new report released by the IFC-facilitated Sustainable Banking Network (SBN).
Posted: 23/06/2020
BP Ventures has invested $5m in Satelytics, a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions.
Posted: 23/06/2020
Ford of Britain chairman, Graham Hoare, has called for a joined-up, clear and consistent long-term, government-partnered strategy to help meet the 2030s timeline for phasing out the sale of petrol and diesel vehicles.
Posted: 23/06/2020
Danish political parties have agreed to implement a carbon tax, significantly reinforcing governmental plans put forward in May after pressure from the Social Liberal Party.
Posted: 22/06/2020
Pity the poor airlines – COVID-19 has destroyed their business model, and now they are in the crosshairs of environmental policies as West Europe attempts to reach net-zero targets.
Posted: 22/06/2020
The largest hydro in the UK to be entirely community-owned has received fresh finance from Triodos Bank UK and the Scottish Investment Bank.
Posted: 22/06/2020
The International Energy Agency (IEA) has presented its Sustainable Recovery Plan focusing on a series of actions that can be taken over the next three years to revitalise economies and boost employment while making energy systems cleaner and more resilient.
Posted: 19/06/2020
Ossiam has announced the listing of a new exchange-traded fund, the Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF 1C (EUR), on the Xetra exchange in Germany. The fund launches with €200m of investor capital.
Posted: 19/06/2020
Lloyd’s of London has issued a statement apologising for its role in the eighteenth and early nineteenth Century slave trade acknowledging its past links to slavery.
Posted: 18/06/2020
The John Lewis Partnership is stepping up its commitment to reducing carbon emissions by building a dedicated biomethane gas filling station to enable its largest heavy goods vehicles to use a low-carbon alternative to diesel.
Posted: 18/06/2020
Unfriend Coal research has revealed that only a quarter of leading insurance companies have committed to a 1.5C global warming target and has set a letter calling on all insurers to end all support for new oil and gas projects.
Posted: 18/06/2020
The International Energy Agency (IEA) has predicted the number of electric cars on the road will reach almost 10 million this year, as sales grow this year despite the COVID-19 pandemic.
Posted: 17/06/2020
Bernard Looney, BP CEO, described the current environment as “a pivotal moment” in his introduction to the company’s Statistical Review of World Energy.
Posted: 17/06/2020
Lloyds Banking Group has guaranteed a £25.5m annual donation to its four independent charitable foundations in 2021.
Posted: 17/06/2020
A new €1.5bn fund for renewable energy infrastructure investments has launched, with the ambition to achieve capital commitments of up to €7 billion and invest up to €14bn in greenfield renewable energy infrastructure across North America, Western Europe, developed Asia and Australia.
Posted: 17/06/2020
Unilever has stepped up its commitment to fight climate change and protect the environment. Unilever will now attempt to achieve net-zero emissions from all products by 2039 and empower, and work with, farmers and smallholders, driving programmes to protect and restore forests, soil and biodiversity.
Posted: 16/06/2020
Know the Chain’s third benchmark report reveals a sustained failure by technology companies to tackle forced labour in their supply chains,
Posted: 16/06/2020
Sky has announced a new commitment toward net-zero with all its Sky Originals from 2019 now certified carbon neutral in the UK.
Posted: 16/06/2020
National Grid has secured the first multi export credit agency (ECA) covered green loan. The $743m financing package, made up of $488m from SACE Export Credit and US$255 million from Euler Hermes Export Credit, was structured under National Grid’s Green Financing Framework. This is the first time multiple ECAs have come together to finance a green project of this size.
Posted: 16/06/2020
Over 50 major companies, including 40 RE100 members, have signed a letter calling for corporate renewables to be built into the EU COVID-19 stimulus package.
Posted: 15/06/2020
A combination of the COVID-19 crisis and mild weather in the northern hemisphere have put global demand for natural gas on course for its largest annual decline in history, the International Energy Agency (IEA) say in new report.
Posted: 15/06/2020
It takes one event to create a hurricane, and the democratic world has witnessed such an event with the protests under the banner of Black Lives Matter (BLM).
Posted: 12/06/2020
Nearly 700,000 direct jobs could be created in England’s low-carbon and renewable energy economy by 2030, rising to more than 1.18 million by 2050, the Local Government Association (LGA) predicts in its new report.
Posted: 12/06/2020
The City of London Corporation’s charitable funder, the City Bridge Trust, has handed a £5m boost to a coronavirus emergency fund – and is urging businesses to dig deep to help good causes facing a ‘perfect storm’ caused by the pandemic.
Posted: 12/06/2020
Long-time rivals Ford and VW have signed agreements that expand their global alliance on development of electric vehicles and commercial vehicles.
Posted: 12/06/2020
The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears. The banks have estimated that they will have paid approximately £300m in redress.
Posted: 12/06/2020
OVO has signed up to the Climate Group’s initiatives on electric vehicles (EV100) and efficient energy (EP100), committing it to an all-electric fleet and doubling its energy productivity by 2030.
Posted: 10/06/2020
Sky announced a series of commitments to help tackle racial injustice and will invest £10m per year across its markets for each of the next three years to achieve these, and is working with its parent company Comcast and with NBCU in the US to make this a global effort to tackle racism and racial injustice.
Posted: 09/06/2020
Companies with over $8tr in global market capitalisation and with estimated emissions of 4,800Mt of carbon dioxide equivalent annually are being pushed by 105 investors from 23 countries to disclose more environmental data.
Posted: 09/06/2020
Britain is about to record two months without any coal being burned to generate energy. The decline has been rapid, with about 40 per cent of the energy mix being derived from coal only a decade ago, but the rise of gas and renewables has pushed coal out.
Posted: 09/06/2020
A total of 109 investors, representing €11.9tr in assets under management or advice, have written to European leaders highlighting the need to ensure the economic response to the Covid-19 pandemic delivers a sustainable recovery.
Posted: 08/06/2020
Impact investing continues to attract investors in spite of the global recession caused by the COVID-19 pandemic.
Posted: 08/06/2020
The Volvo manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100 per cent renewable electricity, the result of a new supply contract and will reduce the plant’s CO2 emissions by more than 11,000 tonnes per year.
Posted: 05/06/2020
VW and project developer Permian Global have signed an agreement to create climate protection projects. With the support of Permian Global, VW will begin developing climate protection projects to protect tropical forests in the second half of 2020.
Posted: 05/06/2020
Already leading the developed world to net-zero by 2050, the UK remains hamstrung by emissions in transport, now the biggest contributor, and the main driver of dangerously high levels of air pollution in many towns and cities
Posted: 04/06/2020
Energy transition is disrupting fossil fuel systems, with profound consequences for financial markets and geopolitics as the COVID-19 crisis accelerates change.
Posted: 04/06/2020
Nisa retailers are responding to increased charity needs during the current pandemic and funding crisis, with an additional £103,230 collective donations in May.
Posted: 04/06/2020
Following the widespread protests in the US over the death of George Floyd, Japanese giant Softbank has responded with a $100m fund that will invest in companies led by disadvantaged entrepreneurs.
Posted: 04/06/2020
WWF has published a report, prepared by Vivid Economics, outlining a possible UK investment strategy for building back a resilient and sustainable economy, with the transition to net-zero yielding over £90bn of annual benefits.
Posted: 03/06/2020
The Climate Group has founded a new partnership with the BT Group to promote a faster switch to low or no carbon emission vehicles.
Posted: 03/06/2020
Renewable power is cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) claims.
Posted: 02/06/2020
The Methodist Church has divested from BP and Total oil companies, despite BP’s recent attempts to present a more environmentally considerate policy.
Posted: 02/06/2020
A strategic partnership between Inter IKEA Group and Ellen MacArthur Foundation has been cemented to focus IKEA on its goal of becoming fully circular and the ambition of creating lasting impact on a global scale, driving the transformation towards a circular society.
Posted: 02/06/2020
The Government has approved the development of the UK’s largest solar energy farm, Cleve Hill Solar Park in Kent, after overcoming opposition from local groups and national organisations Greenpeace, the RSPB and CPRE.
Posted: 01/06/2020
The Berkeley Foundation, the corporate foundation set up by house builder the Berkeley Group, has awarded more than £200,000 in emergency grants to help youth charities to recover from the impact of Covid-19.
Posted: 01/06/2020
Epworth Investment Management has launched its Climate Stewardship Fund to invest on behalf of charities in environmentally sound assets.
Posted: 01/06/2020
The €1.85tr recovery plan unveiled by the EC , using ‘recovery bonds’ to finance a ‘next generation EU’ could see €500bn of these bonds spent as grants on national projects that could help accelerate the green transition.
Posted: 01/06/2020
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency (IEA) stared in a new report.
Posted: 01/06/2020
Hovis has increased its donations to FareShare to just under 30,000 loaves in April.
Posted: 01/06/2020
Europe secured €60bn in investments to produce electric vehicles and batteries last year - 19 times more than in 2018, with industry and governments committed 3.5 times more to EV and battery production in Europe than they did in China, according to a Transport and Environment’s report.
Posted: 01/06/2020
Consumers are likely to reward companies and brands they think have acted in a socially responsible way during the COVID-19 crisis.
Posted: 01/06/2020
Disinfectant brand Dettol is supporting the HSE in the fight against COVID-19 with the donation of 40,000 Dettol antibacterial products over the next two months. The products will be distributed to hospitals and health service facilities and sites around the country with the aim of helping to keep these environments hygienically clean.
Posted: 2020-05-29
Morrisons has opened up its pharmacy consulting rooms to victims of domestic abuse so that they may safely contact support services. Specially trained pharmacists in 117 of the supermarket's stores can direct those seeking help to the support they need.
Posted: 28/05/2020
London insurtech, Flock is supporting Skyports in this week's drone delivery trials for NHS Highland. It is hoped that the trials will demonstrate the feasibility of delivering urgent medical cargo, such as COVID-19 test kits and PPE, quickly and safely.
Posted: 27/05/2020
Rolls-Royce Plc and Daimler Truck AG have announced plans to develop stationary fuel-cell generators as CO2-neutral emergency power generators for safety-critical facilities, such as datacentres. The collaboration promises emission-free alternatives to diesel engines.
Posted: 26/05/20
CDP has revealed a 24 per cent jump in the number of companies working with CDP and asking their suppliers to report environmental data.
Posted: 22/05/2020
Battery maker AMTE Power and startup Britishvolt have signed a MoU for a battery ‘Giga Factory’, the UK’s first full cycle battery cell ‘GigaPlant’, servicing the automotive and energy storage markets. The successful outcome of the collaboration would enable scalable production of a diverse product portfolio of lithium ion batteries, and could involve up to £4bn of investment.
Posted: 22/05/2020
HSBC Global Asset Management and IFC have announced the third closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), which has raised $474m of new financing to support climate mitigation investments across emerging markets in spite of prevailing market turmoil.
Posted: 22/05/2020
Reuters has reported that it has seen a draft of the EU’s plan for a green economic recovery, targeting building renovation, renewable energy and clean hydrogen fuel.
Posted: 21/05/2020
The Danish Finance Ministry has released plans an artificial ‘energy islands’ in the North Sea as a part of its Climate Action Plan.
Posted: 21/04/2020
Renewable hydrogen has a key role to play in the UK’s successful transition from fossil fuels to renewables, alongside a huge expansion of wind energy and other clean power sources, according to a new report published today by RenewableUK.
Posted: 21/05/2020
Dixons Carphone is working in partnership with Age UK to prevent vulnerable older people feeling lonely and isolated during the pandemic.
Posted: 21/05/2020
As a result of a number of potential concerns that had been identified by internal colleagues, Tesco has discovered several breaches of the anti-slavery policy within its supply chain.
Posted: 21/05/2020
Vattenfall has signed an agreement with Brent Cross South developer Argent Related to provide low carbon heating to homes, shops, and other businesses in the redevelopment scheme in Barnet, north London.
Posted: 20/05/2020
Microplastics, very small pieces of plastic that pollute the oceans, may be many times more prevalent than previously thought, according to a study, led by Plymouth Marine Laboratory.
Posted: 20/05/2020
JPMorgan Chase CEO Jamie Dimon has acknowledged that the impact of COVID-19 will herald significant change to the economy and society, calling it a “wake-up call” for governments and business to build a fairer economy.
Posted: 20/05/2020
EY’s Renewable Energy Country Attractiveness Index (RECAI) has placed the UK in the sixth spot for renewable energy, a rise of one place since the last biannual report.
Posted: 19/05/2020
The John Lewis Partnership has today announced that it will donate a further £1.4m to around 3,000 local charities who are helping those most in need during the pandemic. This brings the total amount of support given by the Partnership to local communities such as food banks, those supporting the elderly, homeless and those most at risk from coronavirus , to over £2.7m
Posted: 18/05/2020
The European Parliament today called for a €2tr recovery fund for the EU, financed by recovery bonds and invested giving priority to the EU Green Deal.
Posted: 18/05/2020
Legal & General has been selected by UK Research and Innovation (UKRI) to deploy £6m of grant funding to early stage companies that are making a difference in the healthy ageing market.
Posted: 18/05/2020
The Government has revealed its vision for a rapid charge network for EVs to meet future en route charging needs along motorways and major A roads.
Posted: 18/05/2020
The newly launched Flexibility in Great Britain project will conduct in-depth analysis based on modelling, research and stakeholder interviews to investigate how different sources of flexibility across the heat, transport and power sectors can reduce overall system costs to consumers and lead to net-zero.
Posted: 15/05/2020
The world’s largest asset managers are paying “lip service” to preventing human rights abuses according to Share Action.
Posted: 15/05/2020
BankTrack has published its annual report, with director Johan Frijns describing 2019 as “a string of missed chances for the global banking sector”.
Posted: 15/05/2020
The Financial Times reports that BP CFO Brian Gilvary has called for countries to act rapidly to prevent global temperature rises despite the financial problems of the coronavirus pandemic.
Posted: 15/05/2020
Deutsche Bank has for the first time published quantifiable ESG targets. By the end of 2025, the bank will increase its volume of ESG financing plus its portfolio of sustainable investments under management to over €200bn.
Posted: 14/05/2020
Over one million people and 100 environmental NGOs across Europe are calling on the EU to restart its economy by launching a truly green investment plan. On 5 May, MEPs will decide what they want in the EU’s Recovery Fund and seven-year budget ahead of the EC’s proposal next week.
Posted: 14/05/2020
Storage and information management company Iron Mountain has published its seventh annual CSR report, showing that it has managed to cut greenhouse gas (GHG) emissions by 52 per cent (since 2016 baseline), surpassing original science-based target of 25 per cent reduction by 2025.
Posted: 15/05/2020
Mondi, the global packaging and paper group with €846m in turnover, has entered into a collaboration with the Danish Institute for Human Rights (DIHR) to review and advise on Mondi’s due dilligence process on human rights.
Posted: 14/05/2020
BNP Paribas will phase-out coal-fired power sector from its investments, with Reclaim Finance, BankTrack and Friends of the Earth France praising the new policy whilst also pointing to a missed opportunity to commit to a full coal phase-out and to adopt measures to push all companies in its portfolios to close their coal infrastructure.
Posted: 13/05/2020
Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have today announced plans to build a new operations and maintenance (O&M) base at the Port of Tyne.
Posted: 13/05/2020
Alternative Investment Partners Private Markets (AIP Private Markets), part of Morgan Stanley Investment Management, will build upon its $800m impact investing platform by closing on a fund which will focus on climate solutions.
Posted: 13/05/2020
Carmaker Škoda, part of the VW Group, has recycled all waste produced during manufacturing and usually disposed of in landfills, either materially or thermally since the beginning of the year.
Posted: 13/05/2020
The ambitions of European oil and gas majors have gained much praise, with Total, Shell, BP, Repsol and Eni all stating they will significantly reduce the carbon intensity of the energy they supply. However not all ambitions are equal, and some will fall short in their approaches unless action is taken.
Posted: 12/05/2020
A new report by Mondelēz International highlights Cocoa Life’s 2019 progress towards achieving its 2025 goals.
Posted: 12/05/2020
Trans Mountain is pressing ahead with plans to expand its pipeline connecting tar sands in Alberta to the Pacific coast outside Vancouver, adding an extra 590,000 barrels a day of capacity and increasing daily flow to nearly one million barrels.
Posted: 12/05/2020
Extending the period of coal-free energy, Britain has managed a whole month without coal.
Posted: 12/05/2020
The Rockefeller fortune may be founded on oil, but is heirs have decided to eradicate the black gold from its investments.
Posted: 12/05/2020
Alan Jope, CEO of Unilever, underlined the company’s commitment to making sustainable living commonplace for 8 billion people, whilst marking a decade of the Unilever Sustainable Living Plan (USLP), and called for collective action to ensure that the crises of social inequality and climate are not neglected in the wake of Covid-19.
Posted: 11/05/2020
Areas of the planet that are currently home to one-third of humans will become as hot as the hottest parts of the Sahara within 50 years unless greenhouse gas emissions fall.
Posted: 11/05/2020
The CEOs of major businesses, environmental organisations and youth organisations are urging the Government to ensure a green recovery for healthy communities and a resilient economy.
Posted: 11/05/2020
Total is set to achieve net-zero emissions by 2050 as the outcome of collaborative investor engagement with the company through Climate Action 100+, an investor initiative launched in 2017 to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.
Posted: 06/05/2020
The Green Recovery. Reboot and Reboost Our Economies for a Sustainable Future alliance, promoted by the chair of the European Parliament Committee on the Environment, Pascal Canfin, has now reached 50 chairmen or CEOs of large European multinational companies with the addition of Grupo Español de Crecimiento Verde (Spanish Group for Green Growth), of which Spainsh bank BBVA is a member.
Posted: 06/05/2020
In a first, renewables generated more electricity than coal on every day in April in the US, new data from the US Energy Information Administration (EIA) reveals.
Posted: 06/05/2020
Sky Media, the advertising sales arm of Sky has launched a scheme, SME100 to help the UK’s SMEs during the current crisis by donating £1m worth of TV advertising campaigns to 100 businesses.
Posted: 06/05/2020
The Australian Government has established funding to support hydrogen-powered projects. The Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC).
Posted: 06/05/2020
The decision by EU regulators to exclude oil and gas from its definition of fossil fuels in draft legislation has met with some disbelief and criticism.
Posted: 05/05/2020
The Spanish government has submitted its 2030 National Energy and Climate Plan (NECP), raising its ambitions for emission reductions of 23 per cent compared to 1990 level.
Posted: 05/05/2020
Australian bank Westpac Banking Corporation has released its Climate Change Action Plan Update, committing the bank to removing thermal coal mining by 2030 and an emissions-intensity target set for the bank’s power generation lending that would likely exclude new coal while making it almost impossible to finance new gas power plants.
Posted: 05/05/2020
Tesla is tentatively considering the UK energy market, lodging an application with Ofgem for an electricity generation licence and allowing the company to “supply to any premises or enabling a supply to be so given” within Great Britain, the territorial sea adjacent to Great Britain or in a Renewable Energy Zone.
Posted: 05/05/2020
Two major UK institutions have confirmed they will support two shareholder proposals calling on Barclays to align its provision of finance with the goals of the Paris Agreement.
Posted: 04/05/2020
Allianz has updated its coal insurance restrictions with a new policy. In addition to the previous exclusion of insurance for coal projects (specifically new coal-fired power plants and mines), Allianz will now no longer offer property and casualty insurance for companies whose business model is largely based on coal and which do not have a clear coal exit path from 2023.
Posted: 04/05/2020
Mutual insurer Royal London Group has joined the International Corporate Governance Network (ICGN) as part of its commitment to promote and support high standards of corporate governance.
Posted: 04/05/2020
A range of international NGOs supporting Unfriend Coal have asked global insurers to champion a green and fair recovery from the COVID-19 crisis, stating that as professional risk managers they should have a unique understanding of global threats.
Posted: 01/05/2020
Vattenfall has secured the right to capture heat from the Cory Riverside Energy’s waste facility at Belvedere, and develop a heat network that could supply 10,500 local homes in London, rather than heat them with conventional gas or electric energy.
Posted: 01/05/2020
In order to help end the spread of the coronavirus Canon has joined the COVID-19 Countermeasure Declaration as a founding member. According to this declaration, members pledge not to enforce intellectual property rights against development, manufacturing and other activities whose purpose is stopping the spread of COVID-19.
Posted: 01/05/2020
The International Energy Agency (IEA) has predicted that the current pandemic represents the biggest shock to the global energy system since the Second World War, and will result in a record annual decline in carbon emissions of almost 8 per cent.
Posted: 30/04/2020
As well as divesting its endowment from fossil fuel companies, Oxford University has also asked its endowment office, Oxford University Endowment Management (OUem) to engage with fund managers to request evidence of net-zero carbon business plans across their portfolios.
Posted: 30/04/2020
Airlines are currently seeking €26bn in bailouts according to tracking from by Greenpeace, Carbon Market Watch and Transport and Environment (T&E). Governments have so far agreed €11.5bn in financial aid and a further €14.6bn is under discussion, but none of this aid comes with binding environmental conditions.
Posted: 30/04/2020
Camden Town Brewery has rebranded one of its best-selling drinks to help UK’s healthcare heroes.
Posted: 30/04/2020
The majority of European banks’ strategies are either misaligned with the goals of the Paris Agreement, or non-existent according to ShareAction.
Posted: 29/04/2020
Nestlé UK has signed a 15-year corporate power purchase agreement (PPA) to buy the output from Ørsted's Race Bank Offshore Wind Farm.
Posted: 29/04/2020
Coal has not contributed to the UK’s energy mix for the last 18 consecutive days, representing the longest non-coal period since 1882.
Posted: 28/04/2020
New York City Comptroller Scott Stringer has called on AIG, Berkshire Hathaway and Liberty Mutual to divest and cease underwriting coal related businesses.
Posted: 28/04/2020
Vattenfall has entered a partnership with Greencoat UK Wind, who will acquire the wind farm following its completion. Located 5km to the east of Dalmellington and between East Ayrshire and Dumfries and Galloway, South Kyle will be Vattenfall’s largest onshore wind farm in the UK.
Posted: 27/04/2020
Some of EU’s biggest environmental groups are calling on governments and the EU to prepare an unprecedented ‘green and just’ economic recovery plan financed by the bloc’s budget, the European Stability Mechanism and possibly even Eurobonds
Posted: 23/04/2020
Oxford City Council has taken delivery of the first EVs that form a part of Pivot Power’s battery energy storage system with 8km of private wire network directly linked to the transmission network, delivering up to 25MW of power across Oxford for mass-scale, electric vehicle charging.
Posted: 23/04/2020
Refinitiv is set to take a series of sustainability steps to help combat climate change in addition to its previous commitment to three core pledges on environment, social impact and sustainable solutions that support the UNSDGs.
Posted: 23/04/2020
Cobalt, copper, lithium, cadmium, and other rare earth elements needed for solar photovoltaics, batteries, electric vehicle (EV) motors, wind turbines, fuel cells, and nuclear reactors will see demand grow at a rapid pace in the upcoming years.
Posted: 23/04/2020
Evian, the Danone brand of spring water, has been globally certified as carbon neutral by the Carbon Trust.
Posted: 22/04/2020
Zouk Capital, manager of the UK Treasury’s Charging Infrastructure Investment Fund (CIIF), today announced the fund’s £80m second close. The second close was anchored from the private sector by Church Commissioners for England (which manages £8.3bn), with funding matched by HM Treasury. The fund now has a total of £150m deployable capital (£275m in signed commitments against a target of £400m), following the first close announced at launch in September 2019.
Posted: 22/04/2020
The Gas Goes Green programme has been announced by the Energy Networks Association (ENA), the new collaboration between the UK’s five gas network operators has been created to meet the challenges and opportunities of climate change, delivering net-zero in the most cost effective and least disruptive way possible.
Posted: 22/04/2020
Blackrock has launched a fund that will invest at least 80 per cent of its total assets in equity securities and equity-related securities of companies globally whose goods and services address the world’s social and environmental problems.
Posted: 22/04/2020
The International Renewable Energy Agency (IRENA) has released its first vision of how a more sustainable future can be engineered, showing that decarbonisation of the energy system supports short-term recovery while creating resilient and inclusive economies and societies.
Posted: 22/04/2020
The Fashion Transparency Index 2020 has been revealed, showing that across the 250 brands and retailers measured the world’s biggest brands have a long way to go towards transparency.
Posted: 22/04/2020
S&P Dow Jones Indices has launched its Eurozone LargeMidCap Paris- Aligned Climate Index and S&P Eurozone LargeMidCap Climate Transition Index.
Posted: 22/04/2020
O2 has announced it has become a partner of The Big Night In Appeal, a joint initiative and event which will see the BBC’s biggest charitable partners, BBC Children in Need and Comic Relief, come together for the first time to help raise money to provide essential support to local charities, projects and programmes across the UK to help those most in need.
Posted: 22/04/2020
Primark has announced that it will commit to pay for £370m of additional orders for product over and above the £1.5bn of stock in stores, depots and in transit. This means it will now take all products that was both in production and finished, and planned for handover by 17 April.
Posted: 21/04/2020
Consumers can now give to their chosen charity by converting their loyalty points and rewards into a digital monetary donation. Following a successful pilot, technology company For Good Causes has released the scheme with additional brands.
Posted: 21/04/2020
Asset managers, pension funds and insurers have formed a group calling for international co-operation within the pharmaceutical industry to combat coronavirus.
Posted: 21/04/2020
Daimler Truck AG and the Volvo Group have signed an agreement to establish a new joint venture to develop and produce fuel cell systems.
Posted: 21/04/2020
Triodos Bank UK has received the Queen’s Award for Enterprise in the Sustainable Development category.
Posted: 21/04/2020
VentilatorChallengeUK (VCUK) the consortium building medical ventilators for the UK; including companies such as Unilever, Rolls Royce, Mercedes F1, McLaren, BAE Systems, Airbus and Accenture; has confirmed that its has secured MHRA approval for the Penlon Prima ESO2 device which has been undergoing testing and clinical trials.
Posted: 20/04/2020
Transport and Environment (T&E) has developed a tool that compares CO2 emissions linked to the use of an electric, diesel or petrol car, and takes a holistic account of all possible criteria such as the amount of CO2 emitted when electricity is produced or fuel is burnt, as well as the carbon impact of resource extraction for batteries or of building a power plant.
Posted: 20/04/2020
BP has joined universities, technology companies and the US government by providing access to its supercomputer to help researchers halt the spread of COVID-19.
Posted: 17/04/2020
Shell has announced that it plans to be a net-zero emissions energy business by 2050 (covering scope one, two and three emissions).
Posted: 17/04/2020
Committee on Climate Change (CCC) chief executive, Chris Stark, has announced that the organisation will refocus its annual Progress Report to Parliament in June to include advice on supporting a resilient recovery following the pandemic, alongside the statutory assessment of the UK’s progress in reducing emissions.
Posted: 16/04/2020
Honda Motor Europe is expanding its battery recycling partnership with SNAM (Société Nouvelle d’Affinage des Métaux) to advance the usability of its end-of-life traction batteries.
Posted: 16/04/2020
The new generation of offshore wind projects could have a far wider set of suppliers if procurement procedures are change, Swedish provider Vattenfall has said.
Posted: 16/04/2020
A new initiative from Lloyds Banking Group and We Are Digital will provide a specialist phone line to help up to 20,000 customers access the internet during the pandemic.
Posted: 15/04/2020
Swiss Re Group, via its non-profit Swiss Re Foundation, is donating $5m to pandemic relief efforts, with the funds distributed to organisations tackling the crisis, particularly in developing countries.
Posted: 15/04/2020
AXA UK is donating £1m to Business in the Community (BITC) marking the start of the partnership between the insurer and Business in the Community.
Posted: 14/04/2020
BlackRock has been selected by the EC for the Development of Tools and Mechanisms for the Integration of ESG Factors into the EU Banking Prudential Framework and into Banks' Business Strategies and Investment Policies contract.
Posted: 14/04/2020
Co-op CEO Steve Murrells is directing his own personal income to kick-start a Co-op Members Fund, which will be channelled into foodbanks, a funeral hardship fund and front-line community causes.
Posted: 14/04/2020
Aviva has pledged £5m to NHS Charities Together, the national umbrella organisation for hundreds of NHS charities across the country, and a donation of £10m to the British Red Cross as part of a package of measures aimed at supporting customers and their communities during the Covid-19 crisis.
Posted: 14/04/2020
Community Platform Neighbourly and retailers including M&S, Lidl and Aldi are leveraging their existing local grass roots charity networks to get more support to redistribute food to people in need as quickly as possible.
Posted: 14/04/2020
Paribas’ UK arm has today pledged £500,000 in philanthropic support to the London-based NHS Imperial Health Charity’s COVID-19 Relief Fund. The money will help London hospitals handle the extraordinary pressures triggered by the coronavirus pandemic.
Posted: 14/04/2020
easyStorage, the mobile storage business created by Sir Stelios Haji-Ioannou, has teamed up with Fresh Food for the Frontline and St Barnabas Church Charity to deliver fresh food boxes to critical care NHS staff as well as vulnerable individuals to support their fresh food supply throughout the coronavirus crisis.
Posted: 14/04/2020
The European Fund and Asset Management Association (EFAMA) has called for a balanced transition from the 2018 Sustainable Finance Action Plan at the launch of the consultation of the EU’s Renewed Sustainable Finance Strategy.
Posted: 09/04/2020
Ben van Beurden, CEO of Shell, has outlined his vision for Shell in the introduction to its annual sustainability report, placing the term ‘responsibility’ at its heart.
Posted: 09/04/2020
Macquarie Group today announced that it has allocated $12m ($A20m) to the Macquarie Group Foundation so it can make donations to organisations working to combat COVID-19 and provide relief. The fund will focus on recipients addressing areas of immediate and medium-term need in Australia and across the regions in which Macquarie operates.
Posted: 09/04/2020
Bernard Looney, the CEO of BP, has declared the coronavirus crisis as showing that it is no longer acceptable for companies to focus solely on maximising profits.
Posted: 08/04/2020
Bic, Cargill, and deSter, have joined the CE100 Network’s pre-competitive space where they will contribute towards the transition to a circular economy through this unique multi-stakeholder platform.
Posted: 08/04/2020
Ten major tech companies have pledged to donate $1.4bn to help contain the Coronavirus. An analysis from Learnbonds.com places Google at the top of the list with about $800m that will be used to support businesses, organisations and healthcare workers as part of its coronavirus response that also includes free advertising on its various platforms.
Posted: 08/04/2020
The Investment Association (IA), on behalf of the UK’s investment management industry, has written to chairs of all FTSE 350 companies, expressing the industry’s commitment to supporting British business during the COVID-19 pandemic.
Posted: 08/04/2020
As the world contemplates strategies after reopening, China and other nations might be trapped into uneconomic and climate unfriendly coal power for decades as the attempt to rapidly build capacity to stimulate their economies, Carbon Tracker warns in a new report today.
Posted: 08/04/2020
Based on preliminary like-for-like EC data examined by Refinitiv, Reuters has reported that greenhouse gas emissions in Europe’s carbon market fell by 8.7 per cent last year.
Posted: 07/04/2020
The Hymans Robertson Foundation has launched a fund to help charities during the COVID-19 crisis. Open to applications from the 50 charities which are already funded and supported by the Foundation, charities will be encouraged to complete a short application for individual grants between £500 and £5,000 and the Foundation will meet weekly to make funding decisions.
Posted: 07/04/2020
The International Energy Agency (IEA) has published a commentary on the how the energy sector has not only directly contributed to climate change but also helped create a potential future water shortage.
Posted: 06/04/2020
Schroders has written an open letter to UK companies showing our support during this unprecedented period, when the very raison d’etre of the stock market will be tested.
Posted: 03/04/2020
Velocys has been planning to build a large-scale low-carbon jet fuel plant at Immingham on the Humber Estuary, but has met with resistance Natural England after the governmental organisation filed an objection to the development.
Posted: 03/04/2020
Penguin Random House UK is distributing free books to communities most affected by the coronavirus crisis, helping provide mental stimulation, company and comfort during the current COVID-19 crisis.
Posted: 03/04/2020
How leading businesses respond to the coronavirus challenge through their partnerships with NGOs, represents a moment of truth for stakeholder capitalism – according to senior professionals from diverse parts of the business and NGO sectors.
Posted: 03/04/2020
Five innovations have been chosen for funding from H&M’s 2020 Global Change Award, with the ideas spanning lab-grown cotton to tracking sustainable fibres by using blockchain technology.
Posted: 02/04/2020
According to research undertaken by HSBC the shares of companies focused on climate change or ESG issues have continued to outperform ‘traditional’ stocks, even during the current pandemic. However, despite the shares in ESG-aware companies outperforming there are some big regional differences.
Posted: 02/04/2020
The Government, representatives of the COP Bureau of the UNFCCC (United Nations Framework Convention on Climate Change) and Italian partners have taken the decision to postpone COP26. The event should now take place in 2021, still hosted in Glasgow.
Posted: 02/04/2020
A New report points a finger at Coca-Cola, Nestlé, PepsiCo and Unilever as being jointly responsible for half a million tonnes of plastic pollution burnt or dumped per year in six developing countries.
Posted: 01/04/2020
Fiddler’s Ferry Power Station in Warrington, Cheshire has closed following nearly 50 years of generation. The closure of the coal-fired power station, which became fully operational in 1973, was announced by SSE in June 2019.
Posted: 01/04/2020
Several major UK banks will stop dividends in order to shore up their balances during the crisis with NatWest, Santander and Barclays, amongst others, following advice from the Bank of England to suspend dividend payments.
Posted: 01/04/2020
Businesses around the UK including Konica Minolta Business Solutions, BP, Everton Football Club, National Grid, DLA Piper, Severn Trent Water, Emerald Group and Experian have joined a scheme to aid the most vulnerable citizens during the coronavirus crisis.
Posted: 31/03/2020
The EU’s outline plans for economic recovery following the COVID-19 outbreak will take into account green policies.
Posted: 31/03/2020