Archive News

BP, ADNOC (Abu Dhabi National Oil Company) and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy.
Posted: 17/09/2021
SSE Renewables has announced that it is combining two proposed offshore wind farms into one “super project development” which it claims would help accelerate the UK’s net-zero ambitions.
Posted: 17/09/2021
Johnson Controls has issued its first sustainability-linked bond in an offering of $500m in ten-year senior notes.
Posted: 17/09/2021
Gigafactory hopeful Britishvolt has won a new funding injection that takes the valuation of the company over the $1bn mark and defines it as a unicorn company.
Posted: 16/09/2021
The EU plan to tackle climate change by 2050 was a major part of Ursula von der Leyen’s State of the Union Address, diminated by COVID and the recovery from it.
Posted: 16/09/2021
A group of investors with £10tr AUM, including the Church of England Pensions Board (chief responsible investment officer Adam Matthews pictuered), has set out a blueprint for oil and gas companies to achieve net-zero. The Oil and Gas Sector Net Zero Standard sets minimum expectation for what must be included in transition plans and is designed to be used across the oil and gas sector to standardise transition plans.
Posted: 15/09/2021
Older people are just as likely as younger people to recognise the need for action on climate change and to say they’re willing to make big sacrifices to protect the environment.
Posted: 15/09/2021
The total size of the pipeline of floating offshore wind projects worldwide shows that it currently stands at over 54GW if all are fully constructed. The pipeline includes projects from an early stage of development through to those which are fully operational.
Posted: 15/09/2021
In a new study, researchers from Mistra Geopolitics and Stockholm University find increasing engagement with adaptation in climate change by 30 major international organisations.
Posted: 14/07/2021
Dogger Bank Wind Farm’s new operations and maintenance (O&M) base will be constructed and operated in line with the UK Green Building Council’s (UKGBC) Net Zero Carbon Buildings Framework to ensure transparent and robust reporting of its sustainability credentials.
Posted: 14/09/2021
US-based investment firm Engine No. 1 has created its Total Value Framework which ties environmental, social, and governance impacts directly to financial value creation.
Posted: 14/09/2021
British Airways has launched its new BA Better World sustainability programme, partnering with Airbus and BP.
Posted: 13/09/2021
The Government has announced details of how the UK will get more electricity from renewable sources as it unveils the biggest-ever round of its flagship renewable energy scheme.
Posted: 13/09/2021
New analysis estimates that over £1tr held by around half of UK institutional investors is exposed to significant climate risks.
Posted: 13/09/2021
Private market investors with $2.3tr AUM including M&G, Neuberger Berman and Nuveen are requesting standardised environmental disclosure from over a thousand privately held portfolio companies through CDP.
Posted: 09/09/2021
RecyclableBlade is being launched as the world’s first recyclable wind turbine blade for commercial use offshore, allowing the separation of the materials in the blade at the end of its lifetime, enabling recycling into new applications.
Posted: 09/09/2021
The lifetime cost to society, the environment and the economy of plastic produced in 2019 alone has been revealed at $3.7tr more than the GDP of India according to a new report by Dalberg commissioned by WWF.
Posted: 09/09/2021
Almost a third of mid-market businesses say they face a high risk of losing business if they fail to act on ESG, according to new research, which also ranks ESG above Brexit and COVID in priority.
Posted: 07/09/2021
The location of the new International Sustainability Standards Board (ISSB) is turning into an international contest, as business centres across the globe vie to host the body.
Posted: 07/09/2021
Hyundai is pushing hydrogen as an alternative fuel, with its Hydrogen Vision 2040 forum that shows off the company’s plans for a new ‘wave’ of hydrogen-based products and technologies toward a hydrogen society.
Posted: 07/09/2021
Zurich Insurance Group is taking global measures to accelerate cuts in carbon emissions from its operations and expanding its offering to customers to help the transition to a net-zero future. This includes the insurance industry’s first carbon-neutral equity fund and an expansion of its commitment to underwrite renewable energy.
Posted: 07/09/2021
The latest report by the Climate Crisis Advisory Group (CCAG) warns that net-zero targets are no longer adequate and that governments need to adopt ‘net-negative’ strategies that reduce, rather than contain, levels of emissions.
Posted: 06/09/2021
Octopus Hydrogen, the newly established hydrogen arm of the energy company, has agreed a partnership with aviation company ZeroAvia. Octopus Hydrogen will provide 100 per cent green hydrogen to ZeroAvia’s R&D centre at Cotswold Airport in Kemble during the testing, certification and first commercial operations of its zero emission hydrogen-electric aircraft powertrain technology.
Posted: 06/09/2021
Shell has set a target to install 50,000 on-street electric vehicle (EV) charge posts installed across the UK by the end of 2025, through ubitricity, a part of the Shell group.
Posted: 06/09/2021
Jo Bamford (pictured) has joined forces with multi-family office Vedra Partners to launch HYCAP, a hydrogen investment fund which has set its sights on raising £1bn.
Posted: 06/09/2021
The inaugural Better Society Energy Awards has been revealed, with entries from leading energy companies vying for awards across the categories from generation to education. All entries exemplify the way in which existing players and new entrants are tackling the need for clean energy in a world that must rapidly address the issue.
Posted: 06/09/2021
Nissan has announced that it has joined the UN sponsored Race to Zero campaign to help accelerate the company’s full electrification and carbon neutrality goals. It is the first Japanese carmaker to join the campaign.
Posted: 27/08/2021
Utilita Energy has submitted a paper to the Government, which addresses the importance of energy suppliers helping domestic customers to cut waste as a key step towards reaching net-zero earlier than the 2050 deadline.
Posted: 27/08/2021
SSE Renewables is to invest almost £50m over the next two years to repower the existing Tummel Bridge Hydro-Electric Power Station in Scotland’s Highlands with modern and efficient turbine technology.
Posted: 26/08/2021
The London Borough of Lambeth has worked with Connected Kerb on a project to demonstrate how affordable and accessible public EV charging infrastructure can be deployed to tackle EV inequality and drive greater EV adoption amongst communities traditionally under-represented in the EV transition.
Posted: 26/08/2021
Iberdrola will collaborate with consultancy AECOM to breathe new life into areas depopulated and deindustrialised due to the earthquakes in 2009, 2016 and 2017, including the development of trains powered by green hydrogen.
Posted: 26/08/2021
Swiss Re has signed the world’s first, and largest, ten-year carbon removal purchase agreement with direct air capture and storage.
Posted: 26/08/2021
Lidl has become one of the first UK retailers to trial Eco-Score labelling, with the company trialling the system to help customers understand the environmental impact that products create.
Posted: 25/08/2021
Only days after announcing its use of carbon neutral fuel, Maersk has announced that it will introduce a series of eight large ocean-going container vessels capable of being operated on carbon neutral methanol.
Posted: 25/08/2021
A new report by the French bank Societe Generale makes the case that insurers who reduce coverage for the oil and gas sector could become eligible for an additional ‘green’ valuation premium.
Posted: 25/08/2021
More than twenty organisations are collaborating in the Circular Electronics Initiative, a global initiative to tackle the social and environmental problems of electronics.
Posted: 24/08/2021
IFC has invested over $4.9bn over its fiscal year in support of a green and inclusive recovery from COVID-19 in Europe and Central Asia, with Georgina Baker of IFC (pictured) stating: "During this trying year, we remained committed to promoting green, resilient, and inclusive development in Europe and Central Asia."
Posted: 24/08/2021
Pensions Age reports that an expert group appointed by Norway’s Ministry of Finance to review how climate change may affect the Government Pension Fund Global (GPFG) has increased pressure on the government to set out a net-zero target for the sovereign wealth fund.
Posted: 24/08/2021
SSE Energy Solutions and National Grid have unveiled a project that could decarbonise heat networks, capturing waste heat from electricity transformers to generate hot water and space heating for homes and businesses.
Posted: 24/08/2021
TPG’s Climate Rise Fund has made its first investment partnering with investors such as Bill Gates, in developing battery technologies.
Posted: 23/08/2021
Climate campaigner ClientEarth has reported two UK listed companies, Just Eat and Carnival, to the UK’s financial services regulator for failing to report on climate change risk to their investors, in breach of their legal requirements.
Posted: 20/08/2021
Maersk has secured green e-methanol supply for the world’s first container vessel operating on carbon neutral fuel.
Posted: 20/08/2021
Extinction Rebellion (XR) has announced the City of London as its next target, saying that the campaign wants the government to “stop all new fossil fuel investment immediately”.
Posted: 20/08/2021
A first of its kind £430m green transition loan has been backed by UK Export Finance (UKEF) to help engineering and consultancy firm Wood continue to transition to clean energy, hydrogen and decarbonisation
Posted: 20/08/2021
Konica Minolta is celebrating being named in all four of the responsible investment (RI) indexes adopted by Japan’s Government Pension Investment Fund (GPIF). This is the fifth consecutive year for Konica Minolta to be listed on all these ESG indexes since the GPIF first adopted them and in addition Konica Minolta has also been included in the FTSE4Good Index Series for 18 consecutive years.
Posted: 19/08/2021
IKEA Sweden is offering an electricity subscription service to consumers for the first time, starting with the Swedish market.
Posted: 19/08/2021
Glencore has made an undisclosed investment in Britishvolt's £4bn project and entered a partnership to supply the Northumberland-based company with cobalt.
Posted: 18/08/2021
SSE Renewables has donated £10m to community groups across the UK and Ireland, the company’s largest ever investment into local communities.
Posted: 18/08/2021
LV= Britannia Rescue has partnered with LAR Traffic Services to launch a comprehensive electric car service to its customers who break down in Central London. As part of the new service, a fully qualified technician with the tools and diagnostic equipment necessary for repairing electric car breakdowns at the roadside will attend to customers in an electric van – offering a fully end-to-end electric breakdown service.
Posted: 18/08/2021
Wrightbus, the maker of several low carbon and hydrogen buses, has said it will create 300 permanent jobs to build its zero-emission buses.
Posted: 17/08/2021
Government plans to create a low carbon hydrogen sector in the UK over the next decade have been set out.
Posted: 17/08/2021
New York State Comptroller Thomas DiNapoli (pictured) has announced that the New York State Common Retirement Fund is evaluating 42 publicly traded shale oil and gas companies to determine if they are prepared for the transition to a low-carbon economy.
Posted: 16/08/2021
The Government is to review green electricity tariffs amid concerns energy companies could be exaggerating their environmental benefits, as a poll shows 75 per cent of consumers believe suppliers should be more transparent over their green credentials.
Posted: 16/08/2021
According to research from WWF and Vivid Economics, this year’s Budget allowed far less for new policies to tackle climate change than those focused on measures that could push up emissions.
Posted: 13/08/2021
A research paper by academic from Cornell (pictured) and Stanford Universities cast doubt on how environmentally friendly ‘blue;’ hydrogen really is.
Posted: 13/08/2021
More than 100 companies have joined the Tech Zero taskforce, an important milestone for the initiative which asks tech companies to cut their carbon emissions.
Posted: 13/08/2021
RSK, the environmental, engineering and technical services business, has secured funding from Ares Management Corporation in the largest private credit backed sustainability linked financing deal agreed on the market with £1bn of available debt facilities.
Posted: 13/08/2021
EasyJet has announced today that it is introducing a new uniform for cabin crew and pilots, each made from around 45 recycled plastic bottles as part of its commitment to mitigate waste and search for innovative change beyond carbon reduction.
Posted: 11/08/2021
Research by the British Chambers of Commerce in partnership with O2 has found that only one in ten (11 per cent) businesses are measuring their carbon footprint.
Posted: 11/08/2021
The Watt Electric Vehicle Company (WEVC) has reached a major milestone, outlining plans to build up to 5,000 new electric commercial vehicles per annum under its own brand and on behalf of third-party manufacturers at an all-new facility in the Midlands.
Posted: 11/08/2021
Surfers Against Sewage has released its 2021 Brand Audit Report that accuses twelve brands of contributing two thirds of the UKs plastic and packaging pollution: Coca-Cola, PepsiCo, Anheuser-Bush InBev, McDonalds, Mondelez International, Heineken, Tesco, Carlsberg Group, Suntory, Haribo, Mars and Aldi.
Posted: 11/08/2021
RMS, a provider of climate and natural disaster risk modelling and analytics, has been acquired by Moody’s in a deal worth $2bn from the Daily Mail and General Trust as the latter seeks to take itself private.
Posted: 10/08/2021
The Government and the private sector are investing £266m to develop the next generation wind turbines in the Humber region as the Government looks to onshore more manufacturers in the renewable sector.
Posted: 10/08/2021
A Scottish Enterprise report has underlined Scotland’s potential as a major producer of clean hydrogen within the next ten years for export as well as use such as hydrogen trains (prototype pictured).
Posted: 09/08/2021
The United Nations Intergovernmental Panel on Climate Change has delivered a comprehensive report on the state of global climate science, only the sixth such report in the last 30 years.
Posted: 09/08/2021
Legal & General has entered into a 15-year joint venture partnership with NatWest Pension Trustee Limited to invest £500m of equity for net-zero carbon later living communities developed and operated by Inspired Villages.
Posted: 06/08/2021
A new supply chain platform to drive sustainability, transparency and profitability in UK fashion and textiles has launched with major retailers Next, H&M, N Brown, New Look part of the initial pilot. IBM will be supplying a data-driven technology platform to enable real-time decision making, effective track-and-trace and more sustainable choices in the UK fashion supply chain.
Posted: 05/08/2021
Octopus Energy has acquired Spanish energy startup Umeme in its first foray into the Spanish energy sector.
Posted: 05/08/2021
The Prime Minister and the Chancellor have called on the UK’s institutional investors to create a green ‘Investment Big Bang’ for long-term growth.
Posted: 05/08/2021
Renewable energy attracted a record investment in the first half of the year, with as much as $174bn according to data from BloombergNEF, with investment in solar up 9 per cent to a record $78.9bn.
Posted: 04/08/2021
Reuters is reporting that an initiative to stop coal use in Asia from Prudential and the Asian Development Bank (ADB) has gained the support of both HSBC and Citi.
Posted: 04/08/2021
Current ‘net-zero’ schemes that use land alone to remove the world’s carbon emissions by 2050 would require at least 1.6 billion hectares of new forests, equivalent to five times the size of India or more than all the farmland on the planet, reveals an Oxfam has said.
Posted: 04/08/2021
DHL has ordered 12 fully electric Alice eCargo planes from Seattle-based Eviation with expected delivery to DHL Express in 2024.
Posted: 04/08/2021
The Walmart Foundation has awarded nearly $750,000 to WRAP, the UK sustainability charity.
Posted: 03/08/2021
NatWest Group has launched the Sustainable Homes and Buildings Coalition, with British Gas, Worcester Bosch, and Shelter, to improve UK buildings energy efficiency, and to address the key barriers to meeting net-zero in the UK buildings environment. Citizens Advice will act in an advisory capacity to the Coalition on the needs of, and challenges faced by consumers in the transition.
Posted: 03/08/2021
Since the cut-off date for the submission of new or updated nationally determined contributions (NDCs) the UN has received pledges from 110 Parties.
Posted: 03/08/2021
Seven major British companies, including the operators of some of the largest commercial vehicle fleets in the country (BP, BT, Direct Line Group, Royal Mail, ScottishPower, Severn Trent and Tesco) have come together to work to help accelerate the mass adoption of electric vehicles.
Posted: 02/08/2021
TotalEnergies (formerly Total) have announced a strategic collaboration with Amazon through which the company will contribute to the retailer’s climate commitments, while Amazon will help the energy company accelerate its digital transformation.
Posted: 30/07/2021
Fifty-three global investors under the direction of the Institutional Investors Group on Climate Change (IIGCC) have set a new baseline of expectations for companies to produce ‘net-zero transition plans’, ensure director accountability and link to AGM shareholder vote.
Posted: 30/07/2021
Lloyd’s of London has set out how the insurance industry will partner with critical industries to support and accelerate the transition to a low carbon economy, with the launch of its new report Insuring a sustainable, greener future.
Posted: 30/07/2021
A new global initiative will focus on improving the integrity of voluntary carbon markets to help ensure they play a credible role in keeping global warming to 1.5C.
Posted: 30/07/2021
Sky has today announced it has met its target to source 100 per cent renewable electricity across its entire business, as it continues towards its ambition to be net-zero by 2030.
Posted: 30/07/2021
Shell’s long road to a greener future appears to finally paying off, with the oil giant seeing it stock rise.
Posted: 29/07/2021
The Rivers Trust Movement, comprised of more than 60 local Rivers Trusts, has had eight successful applications to the Green Recovery Fund. This unprecedented financial support from the Heritage Lottery Fund, Natural England, Forestry Commission, and the Environment Agency will help to improve river environments for people and wildlife across England.
Posted: 29/07/2021
The Government’s annual energy report has confirmed that renewable energy sources generated more electricity than fossil fuels for the first year ever in 2020, with wind playing the leading role.
Posted: 29/07/2021
Orbital Marine Power’s O2, the most powerful tidal turbine, has commenced grid connected power generation at the European Marine Energy Centre (EMEC) in Orkney. The innovative, floating turbine is anchored in the Fall of Warness where a subsea cable connects the 2MW offshore unit to the local onshore electricity network.
Posted: 28/07/2021
It is hoped that zero emission road freight trials using £20m of funding from the Department for Transport (DfT) and delivered by Innovate UK will help kickstart innovative solutions to support the uptake of zero emission trucks.
Posted: 28/07/2021
The UN Climate Change Secretariat has published a new climate action pathway for finance which sets out a roadmap for financial markets and the real economy to align with a sustainable and resilient net-zero emissions future.
Posted: 28/07/2021
The FCA has launched a consultation on proposals to improve transparency for investors on the diversity of listed company boards and their executive management teams.
Posted: 28/07/2021
Rail operator South Western Railway has published its first Social Value Report, assessing the company’s impact on society, the environment, and the economy. The report makes SWR the first train operating company to publicly publish its social value, as determined by the “Rail Social Value” tool developed by the Rail Safety and Standards Board.
Posted: 28/07/2021
Vodafone and UK Power Networks ae partnering to develop the Constellation pilot, the electricity network operator’s smart substation trial.
Posted: 27/07/2021
Asset manager Fidelity International, holding assets of $787bn, has announced its new Sustainable Investing Voting Principles and Guidelines, introducing new global policies on climate change and gender diversity.
Posted: 27/07/2021
Demand for new passenger battery electric (all-electric) vehicles across the EU surged 232 per cent between Q2 2020 and Q2 2021, from 63,422 to 210,298 according to data acquired by Finbold. This represents a share of 6.7 per cent of new passenger cars by fuel type in the region.
Posted: 27/07/2021
Eni has acquired the Dhamma Energy Group, boosting its development of solar plants in France and Spain. Dhamma’s asset portfolio comprises a pipeline of projects at various stages of development for almost 3GW in both countries and includes plants already in operation or in advanced development in France for around 120MW.
Posted: 27/07/2021
BP has partnered with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in an agreement for the development of new alternative fuels and low carbon solutions for the shipping industry.
Posted: 27/07/2021
SSE Renewables and Siemens Gamesa Renewable Energy have signed a memorandum of understanding to explore production and delivery of green hydrogen using energy from two onshore windfarms in Scotland and Ireland.
Posted: 26/07/2021
Business Secretary Kwasi Kwarteng has launched the UK’s new Innovation Strategy plan, setting out the Government’s vision and aiming to boost private sector investment in R&D.
Posted: 23/07/2021
Make My Money Matter (MMMM) has called on the UK’s largest defined benefit (DB) schemes to commit to “robust net zero targets” in a letter that is the latest step in its industry-wide push for climate action.
Posted: 23/07/2021
Procter & Gamble’s Lenor brand now has a prototype paper bottle to help reduce both its plastic and carbon footprint.
Posted: 22/072021
IBM has made 21 voluntary environmental commitments that address a range of sustainability issues, supporting IBM’s announcement that it will reach net-zero greenhouse gas emissions by 2030.
Posted: 22/072021
The Carbon Capture and Storage Association (CCSA), the trade body for the Carbon Capture, Utilisation and Storage (CCUS) industry in the UK, has published a report on developing the UK supply chains to deliver a successful CCUS rollout programme, in line with net-zero.
Posted: 22/072021
BP has acquired UK-based digital energy business Open Energi, an AI-driven platform that uses real-time data to optimise the performance of energy assets. Such a platform should be able to generate savings and maximise revenues for customers by connecting to power markets and providing flexibility at times of low renewable generation and during price peaks.
Posted: 22/072021
Aviva Investors has announced the launch of the Aviva Investors Climate Transition Real Assets Fund, giving investors access to climate-focused solutions across the breadth of the European Real Assets universe - principally direct real estate, infrastructure and forestry assets.
Posted: 21/07/2021
With only 2 per cent of global governments’ recovery spending going to clean energy transitions, emissions are set to surge to an all-time high according to the IEA. These findings come from the new Sustainable Recovery Tracker that the IEA has launched to assess how far recovery plans are moving the needle on climate.
Posted: 21/07/2021
The Courtauld Commitment, a voluntary agreement by the UK food and drink sector to deliver against the UN’s Sustainable Development Goal 12.3 to halve food waste, is being shaken up and will now be central in achieving and monitoring progress towards net-zero ambitions and convening action on water stewardship in at-risk food sourcing locations.
Posted: 21/07/2021
The Science Based Targets initiative (SBTi), has increased its minimum ambition in corporate target setting from ‘well below 2C’ to ‘1.5C’ above pre-industrial levels.
Posted: 19/07/2021
ScottishPower and Shell have created a partnership to develop the world’s first large-scale floating offshore windfarms in the north-east of Scotland as part of Crown Estate Scotland’s ScotWind Leasing.
Posted: 19/07/2021
The EU has announced a series of climate change proposals that it hopes will cut emissions by at least 55 per cent by 2030 and lead the bloc to being carbon neutral by 2050.
Posted: 15/07/2021
NatWest has introduced a new carbon footprint tracking app to help customers reduce the climate impact of their spending.
Posted: 15/07/2021
Fourteen pension funds have committed to set a net zero goal within a year of signing the Pension Fund Chair Net Zero Statement of Support.
Posted: 15/07/2021
The Net Zero Asset Managers initiative has expanded to 128 investors managing $43tr with 41 new asset managers, representing $6.8tr in assets joining. Among other steps, this will see the investors work with clients to reach net-zero emissions alignment across their portfolios by 2050 or sooner and set interim 2030 emissions reduction targets.
Posted: 14/07/2021
Fossil fuel electricity generation has peaked worldwide as emerging markets seize the opportunities of low-cost renewables.
Posted: 14/07/2021
The Department for Transport has revealed its decarbonisation plan, calling it a ‘greenprint’ for transport. The plan includes consulting on pledges to end the sale of all new, polluting road vehicles by 2040 and net-zero aviation emissions by 2050.
Posted: 14/07/2021
Vodafone and media group Global are collaborating on a six-month campaign to raise awareness of digital exclusion, following Vodafone’s recent commitment to connect one million people by the end of 2022.
Posted: 14/07/2021
The UN-convened Net-Zero Insurance Alliance (NZIA) has been officially launched, bringing together eight of the world’s leading insurers and reinsurers to accelerate the transition to net-zero emissions economies.
Posted: 13/07/2021
NatWest, CIBC, Itaú and National Australia Bank have announced a collaborative venture for carbon trading, Project Carbon, as a platform for the voluntary carbon market-place.
Posted: 12/07/2021
Enel Finance International (EFI) has now launched a multi-tranche sustainability-linked bond for institutional investors in international markets totalling $4bn. The bond, which is guaranteed by Enel, was three times oversubscribed, with total orders of approximately $12bn.
Posted: 12/07/2021
The Taskforce on Scaling Voluntary Carbon Markets has created a new report setting out next steps for a scaled, high-integrity voluntary market for the trading of carbon credits. The Taskforce will now recruit an independent governance body for the market, to ensure that the voluntary carbon market serves its primary purpose of reducing greenhouse gas emissions and accelerating the transition to net-zero.
Posted: 12/07/2021
Lidl GB has set new climate targets that will see it carbon neutral by 2022 and an international reduction of CO2 emissions from its own operations (Scope 1 & 2) of 80 per cent by 2030.
Posted: 12/07/2021
In a new discussion paper, the regulators have proposed options such as the use of targets for representation and measures to make senior leaders directly accountable for diversity and inclusion in their firms.
Posted: 08/07/21
The Personal Finance Society is working with ITN Productions on a programme exploring the importance of competent financial planning in a post-pandemic world. Slated for launch in November, the programme promises to demystify personal finance.
Posted: 07-07-2021
North-West fuel supplier, Crown Oil is now running its entire fleet on renewable diesel fuel as it commits to reducing its direct CO2 greenhouse gas emissions by 90 per cent. The Greater Manchester business, part of the £420m-turnover Crown Oil family of companies, believes it is the first supplier in the UK to run all of its oil delivery vehicles on hydrotreated vegetable oil.
Posted: 05/07/2021
The number of countries and jurisdictions that have joined the plan to reform international taxation rules, with a minimum rate of tax wherever they operate, has now reached 130.
Posted: 02/07/2021
A banking for Impact consortium that includes Harvard Business School, Impact Institute, ABN AMRO, Danske Bank, DBS and UBS is hoping to accelerate the transition toward a sustainable economy by adopting impact-reporting standards that account for social- and environmental factors.
Posted: 01/07/2021
A new global investor engagement coalition of asset managers and asset owners with funds of €3.4tr aims to promote a socially acceptable transition to low-carbon economies.
Posted: 01/07/2021
Nissan has officially confirmed the creation of a £1bn EV plant in Sunderland, kickstarting a manufacturing ecosystem for its next generation of electric vehicles and a centre of excellence for suppliers locally.
Posted: 01/07/2021
New analysis by Kempen Capital Management has modelled the impact of shock increase in carbon prices globally, implemented through either a carbon tax or emissions trading scheme (en-ETS) with potential devaluations of a fifth.
Posted: 30/06/2021
Equinor has raised its hydrogen production goal in the UK to 1.8GW, adding 1.2GW of capacity to supply the Keadby hydrogen-fired power plant near Scunthorpe that is being developed with SSE.
Posted: 30/06/2021
Food producers and supermarkets including M&S, Sainsbury’s, the Co-op and Nestlé, have formed a new non-profit organisation with scientists that will issue front-of-pack environmental scores on food products from this September.
Posted: 30/06/2021
A new partnership to harness the power of green consumer behaviours to enhance biodiversity and climate efforts has been launched with Mastercard, Ant Group, MTN, BBVA and GCash amongst the founding partners.
Posted: 28/06/2021
MS&AD, one of the top three Japanese non-life insurers, has adopted a policy to no longer insure or invest in new coal power plants, becoming the first Japanese insurer to make this move. The policy follows on the heels of similar announcements by four Korean insurers.
Posted: 28/06/2021
The Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit to Lloyd’s. The SMI Insurance Task Force is comprised of executives from many of the world’s largest insurance and reinsurance companies, providing an influential platform for the sector to collectively advance the world’s progress towards a resilient, net-zero economy.
Posted: 28/06/2021
A consortium including, L’Oréal, Nestlé, PepsiCo, Suntory and Carbios is using a new enzymatic recycling process with the promise of endlessly recycled PET plastic.
Posted: 28/06/2021
Enterprise Rent-A-Car has expanded its EV fleet with 100 plug-in vans, available for rental at 14 Enterprise Flex-E-Rent depots across South England and the Midlands.
Posted: 24/06/2021
Blue light services are being offered EVs as Škoda adds the brand’s first all-electric SUV, the Enyaq iV, to its range.
Posted: 24/06/2021
Global insurance industry group ClimateWise, convened by the University of Cambridge Institute for Sustainability Leadership, has released a white paper exploring the potential contribution of innovative insurance products in the transition to a net-zero economy.
Posted: 24/06/2021
The Crown Estate has announced a net revenue profit of £269m for the financial year, helped by the impact of the recent Offshore Wind Leasing Round 4.
Posted: 24/06/2021
A new review of national nZEB (nearly zero-energy buildings) standards, released today by BPIE (Buildings Performance Institute Europe), finds a wide degree of disparity in how these are implemented across the EU-27, highlighting a misalignment with EU climate targets.
Posted: 23/06/2021
Gatwick has published its second Decade of Change sustainability policy which looks to 2030 goals that take into account of local and national sustainability priorities.
Posted: 23/06/2021
BlackRock will acquire and integrate Baringa’s Climate Change Scenario Model into its Aladdin Climate technology, developing the climate risk models that underpin Aladdin Climate, as well as innovating other climate analytics solutions.
Posted: 23/06/2021
Co-op Power will be expanding its wind and solar energy buying scheme, helping the parent organisation meet its new net-zero ten-point climate ten-point climate plan for its direct and indirect carbon emissions by 2040.
Posted: 23/06/2021
BP Ventures has invested $7m in smart electric vehicle (EV) charging firm, IoTecha, leading a $13.2m investment round. IoTecha’s technology connects EV chargers with the electricity grid using the IoT, optimising the charging process by automating payments.
Posted: 22/06/2021
The FCA has published new proposals on climate-related disclosure rules for listed companies and certain regulated firms.
Posted: 22/06/2021
Aviva and WWF have started a new climate-focused partnership to focus on shifting the financial sector to net-zero. The new partners are calling on the Government to mandate UK regulated financial institutions to develop credible transition plans that align with net-zero and the Paris Agreement.
Posted: 22/06/2021
The IKEA Foundation and the Rockefeller Foundation will join forces to set up a $1bn global platform to fight climate change and energy poverty. The platform aims to reduce one billion tonnes of greenhouse gas emissions and to empower one billion people with distributed renewable energy (DRE).
Posted: 22/06/2021
A new paper from IMF staff, still under discussion with the IMF Board and membership, proposes the creation of an international carbon price floor arrangement that complements the Paris Agreement.
Posted: 22/06/2021
BSI, the UK National Standards Body, has published guidance for preparing natural capital accounts.
Posted: 22/06/2021
Trials on the South East’s electricity network have set the foundations for a short-term market for renewable energy sources.
Posted: 22/06/2021
The United Nations Joint Staff Pension Fund (UNJSPF) has set new climate targets to reduce its investment-induced greenhouse gas emissions by 40 per cent by 2025.
Posted: 21/06/2021
Sir David King, former head of the Government’s SAGE group and the IEA's Fatih Birol are amongst members of a new climate policy advisory group.
Posted: 21/06/2021
The Government’s proposed UK Infrastructure Bank has become a reality, launching at its new headquarters in Leeds the Bank will be tasked with accelerating investment into cutting emissions and infrastructure projects.
Posted: 17/06/2021
A recyclable waste stock market has launched to connect eco-conscious buyers and sellers while challenging the belief that all waste is worthless.
Posted: 17/06/2021
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, and The Rockefeller Foundation (RF) have announced a new partnership that aims to deploy $150 m of RF's catalytic capital in blended finance to mobilise up to $2bn of private sector investment in distributed renewable energy solutions.
Posted: 17/06/2021
Index provider FTSE Russell has identified 208 existing constituents of the FTSE4Good All World that have failed to meet new climate performance standards first introduced at the FTSE4Good 2021 semi-annual index review.
Posted: 17/06/2021
A human rights activist has accused the Norweigian Government Pension Fund of investing in companies that use child labour and demanded that they divest.
Posted: 16/06/2021
Boohoo is reported to have joined the sustainable supply chain improvement programme, joining companies such as Next, M&S, Fred Perry and Asos.
Posted: 16/06/2021
The impacts of a warming planet and increasing climate risks are outpacing the ability of the UK to respond.
Posted: 16/06/2021
Statnett and National Grid North Sea Link have completed work on the UK/ Norway subsea electricity link.
Posted: 15/06/2021
Legal & General Investment Management (LGIM) will divest from four companies, including insurer AIG, due to their insufficient action to address the risks posed by climate change.
Posted: 15/06/2021
Employees at insurer Liberty Specialty Markets (LSM) have set a new Guinness World Record for the largest online video chain passing a water bottle.
Posted: 15/06/2021
Jaguar Land Rover is developing a prototype hydrogen fuel cell electric vehicle (FCEV) based on the new Land Rover Defender, with testing scheduled to begin this year.
Posted: 15/06/2021
Unilever is launching the first ever paper-based laundry detergent bottle. A prototype has been developed for the OMO brand (also known as Persil, Skip and Breeze) and is set to debut in Brazil by 2022, with a roll-out in Europe and other countries soon after.
Posted: 14/06/2021
The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) are to merge forming the Value Reporting Foundation.
Posted: 14/06/2021
The beautiful natural scenery of the Cornish coast provided a fitting place for the G7 summit to announce pledges on climate change and reaffirmation of $100bn a year to help developing nations cut emissions.
Posted: 14/06/2021
Investors managing more than $41tr in assets have released a new joint statement to all world governments urging a global race-to-the-top on climate policy and warning that laggards will miss out on trillions of dollars in investment if they aim too low and move too slow.
Posted: 11/06/2021
Royal Mail is rolling out 3,000 additional electric vehicles targeting delivery offices in areas focused on ultra-low emission zones and green cities.
Posted: 11/06/2021
VW, BASF, Daimler, and Fairphone have funded the Responsible Lithium Partnership initiative at its inception, aiming to work towards responsible natural resource management, including lithium, in Chile’s Salar de Atacama.
Posted: 10/06/2021
The UK’s first rapid charging hub for fleet vehicles has been opened on Park Lane in Central London.
Posted: 10/06/2021
Triodos Bank UK is partnering with Paces Sheffield, a charity for children and adults with Cerebral Palsy and other neurological motor disorders, to raise £1.5m through a new bond offer on the Triodos Crowdfunding platform.
Posted: 10/06/2021
The Better Society Energy Awards are currently open and looking to help promote the concepts of good energy use – reducing carbon, adding to sustainable infrastructure and financing a cleaner world – amongst other vital energy related areas of creating a sustainable world.
Posted: 10/06/2021
An independent group of experts, chaired by Ingrid Holmes (pictured) will oversee the Government’s delivery of its green taxonomy framework to ensure that investments that can be defined as environmentally sustainable and prevent ‘greenwashing’.
Posted: 09/06/2021
Ørsted has set an aim for net-positive biodiversity impact from all of its new renewable energy projects from 2030 at the latest.
Posted: 09/06/2021
The cost of offsetting corporate carbon emissions needs to increase ten-fold to drive meaningful climate action, concludes a report by UCL and Trove Research.
Posted: 09/06/2021
Ecotricity has sold its Electric Highway operation, the UK charging network for electric cars, to Gridserve.
Posted: 09/06/2021
The National Trust for Places of Historic Interest or Natural Beauty, Europe’s largest pension fund ABP, the Church of Sweden, South Yorkshire Pension Fund, Wiltshire Pension Fund and TPT Retirement Solutions – collectively representing $617bn in assets under management – are new signatories to the Paris Aligned Investment Initiative’s, Net Zero Asset Owner Commitment.
Posted: 08/06/2021
The G7 group of economies has agreed a deal for taxing multinational corporations. Without a single agreement it has been relatively easy for large multinationals to move assets around countries to minimise taxation in any state.
Posted: 07/06/2021
Shareholders at HSBC have backed a management-proposed resolution committing the company to phase out finance for the coal industry by 2030 in the OECD and by 2040 worldwide.
Posted: 07/06/2021
Sales of unpacked goods, such as cereals where the customer refills reusable boxes, have grown by almost 9 per cent in just six months within Waitrose.
Posted: 07/06/2021
BP has purchased 9GW of projects in the US from independent solar developer 7X Energy. The acquisition represents a step towards the target of growing BP’s net developed renewable generating capacity to 20GW by 2025 and aim to increase this to 50GW by 2030.
Posted: 07/06/2021
Green fintech pension provider Cushon has announced that it has closed an overall funding round of £26m to finance expansion and product development plans, following its acquisition of another Master Trust pension scheme.
Posted: 07/06/2021
Strathclyde Pension Fund (SPF) has now agreed to an enhanced climate change strategy with the explicit objective of implementing an investment strategy that is consistent with achieving the goal of global net-zero emissions by 2050.
Posted: 07/06/2021
Accenture, PwC, BT, Landsec, Reckitt and IKEA have signed up to the Employee Challenge, with the aim of inspiring 100 million employees to take practical climate actions and accelerate business leadership on net-zero.
Posted: 07/06/2021
Lloyd’s insurer, Argo has said it will not renew cover for the Trans Mountain pipeline when the current policy expires in August. In an email to consumer rights advocacy group Public Citizen, Argo stated: “We currently insure the Trans Mountain pipeline, but do not intend to renew it when the policy expires in August 2021."
Posted: 04/06/21
Further to the introduction of its corporate citizenship board in 2020, insurance services firm and loss adjuster, Sedgwick has developed a number of charitable partnerships in the UK, including commitments to the Race at Work Charter, Social Enterprise UK; Recycling Lives; Paint 360 and Renaisi.
Posted: 03/06/2021
French financial services firm Natixis has become one of Euler Hermes’ first partners in the binding of its new Green2Green policy, a credit insurance solution that insures green transactions and invests the premium in certified green bonds.
Posted: 02/06/2021
Allianz Partners has teamed up with software company BeNomad to integrate a new electric mobility solution into its roadside assistance operations. The collaboration will see the rollout of the ev-Move platform in the UK and Europe to meet the needs of an increasing number of EV drivers.
Posted: 01/06/2021
One of the UK’s largest heat networks is to be delivered in collaboration between Cory and Vattenfall with waste heat providing low carbon warmth to 21,000 London homes.
Posted: 28/05/2021
If investors focus only on a climate transition, instead of considering material climate and nature risks in parallel particularly in sectors such as agriculture, fisheries, and forestry, they will overestimate the value of their investment.
Posted: 28/05/2021
SSE plans to invest 2bn in low carbon power projects this year and is weighing up further investments as the UK prepares to host COP26.
Posted: 27/05/2021
There is a 40 per cent chance of the annual average global temperature temporarily reaching 1.5C above the pre-industrial level in at least one of the next five years – and these odds are increasing with time, according to a new climate update issued by the World Meteorological Organization (WMO).
Posted: 27/05/2021
Friends of the Earth has won its climate case against Shell, potentially setting a precedent for other high emitters.
Posted: 26/05/2021
BMW is launching BMW Charging and MINI Charging in the UK, providing access to a large public charging network using just one RFID card or App.
Posted: 26/05/2021
A new report by Greenpeace UK and WWF UK finds UK financial institutions are responsible for 1.8 times the UK’s annual net emissions of carbon via its investments and lending.
Posted: 25/05/2021
The Government is injecting £166m to drive forward developments in critical technology needed for a green industrial revolution including carbon capture, greenhouse gas removal and hydrogen.
Posted: 25/05/2021
The UK’s energy regulators are putting billions of pounds of green infrastructure investment at risk by overseeing an energy market which favours EU energy imports at the expense of home-grown schemes.
Posted: 25/05/2021
The G7 have committed to further significant steps to help limit climate change in line with limiting the rise in global temperatures to 1.5C.
Posted: 24/05/2021
Renewable energy stocks operate in a crowded market, and risk being in the same position as technology stocks in the dotcom boom, according to index provider MSCI.
Posted: 24/05/2021
Deutsche Bank is aiming to facilitate over €200bn in sustainable finance and investments by the end of 2023, two years earlier than originally planned.
Posted: 24/05/2021
Ofgem has given the greenlight for new infrastructure to support 1,800 new ultra-rapid charging points at motorway service area over the next two years.
Posted: 24/05/2021
O2 is overhauling its core network with new cooling technology, predicted to deliver energy savings equivalent to one million kilogrammes of CO2 year-on-year.
Posted: 24/05/2021
Nearly 60 local authorities have now signed UK100’s Net Zero Pledge, launched in December last year that commits them to meeting net-zero least five years earlier than the Government target.
Posted: 24/05/2021
HSBC, in partnership with World Resources Institute (WRI) and WWF, has revealed a joint Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change.
Posted: 21/05/2021
Fast charging company Fastned, Oxford City Council, Pivot Power, Tesla and Wenea are to build and operate a fast charging “Energy Superhub” with up to 14 fast chargers and the Tesla Supercharger 12 stalls, for a combined number of 26 fast chargers.
Posted: 21/05/2021
RWE Renewables and National Grid have signed a partnership agreement to jointly develop offshore wind projects in the coastal region of the Northeast US. This includes an intention to jointly bid in the upcoming New York Bight seabed lease auction.
Posted: 21/05/2021
Make My Money Matter (MMMM) has teamed up with Count Us In and announced the launch of the Green Pensions Charter, which will campaign to ensure pensions are invested more sustainably.
Posted: 21/05/2021
Writing for the World Economic Forum, the Prime Minister of Finland, Sanna Marin, has warns that innovation alone will not save the world from climate disaster.
Posted: 21/05/2021
Logistics company Wincanton has set out a new net-zero ESG strategy, part of the Wincanton Way, it outlines plans to deliver long term sustainable solutions across each of its business sectors.
Posted: 20/05/2021
Whereas some nature-based solutions (NbS) have a commercially mature business models, such as forestry and agriculture, emerging high-impact NbS markets, such as marine/coastal conservation, peatland restoration and species protection, are rapidly growing their share of both deal volumes and investment value.
Posted: 20/05/2021
The European Parliament has given its approval to the green transition fund will help coal-dependent nations transition to greener energy.
Posted: 19/05/2021
The UK’s Emissions Trading Schemer (UK-ETS) and its first auction of UK allowances (UKAs) has taken place, replacing participation in the EU carbon trading system.
Posted: 19/05/2021
The popularity of Google searches relating to sustainable goods has increased by 71 per cent globally since 2016. The findings come from a report by the Economist Intelligence Unit (EIU) commissioned by WWF, spanning 54 countries, pointing to a growth in environmental interest.
Posted: 19/05/2021
Just 20 companies produce over 50 per cent of all single-use plastic. Supported by a small group of financial backers, these producers create single-use plastics that are made almost exclusively from fossil fuels, seldom recycled and untimely becoming a global pollution issue.
Posted: 19/05/2021
Climate pledges by governments to date fall short of what is required to bring global energy-related carbon emissions to net-zero by 2050, according to the new report, Net Zero by 2050: a Roadmap for the Global Energy Sector from IEA.
Posted: 19/05/2021
Google has topped the UK Conscious Brands 100, judging how consumers view organisations’ responsiveness to peoples’ identities, moods and cultures, as well as ethical, sustainable, moral and social issues.
Posted: 19/05/2021
Ofwat has set out a recovery plan from the pandemic that will amount to £2.8 that will ensure lower levels of pollution.
Posted: 17/05/2021
Sky has received validation of its 2030 science-based emissions targets with approval from the Science Based Targets initiative (SBTi).
Posted: 14/05/2021
More than 200 global investors representing $5.8tr in assets under management have sent a statement to 106 companies that have scored zero on all the human rights due diligence indicators in the 2020 Corporate Human Rights Benchmark (CHRB) report demanding action.
Posted: 14/05/2021
Alok Sharma calls for the world to end its reliance on coal and switch to renewable power.
Posted: 14/05/2021
EV sales are still making most headway in Europe, according to data presented by Trading Platforms, 15 European countries had the highest share of all types of EVs (including hybrids as shown) in new passenger car sales in 2020, with Norway topping the bill at three-quarters of all car sales.
Posted: 13/05/2021
Three campaigners have applied to the High Court for a judicial review against the Oil and Gas Authority and Secretary of State for Business, Energy and Industrial Strategy regarding their decision to adopt The Oil and Gas Authority Strategy.
Posted: 13/05/2021
A new solar farm is adjacent to Lightsource’s 200MWWellington solar farm is ‎currently under construction, and once operational, the solar hub will have a combined installed ‎capacity of 600MW.
Posted: 13/05/2021
Royal Mail is adding 29 gas powered trucks, fuelled by bio-compressed natural gas (Bio-CNG), to its fleet. The trucks will be introduced to the fleet in the North West of England, in addition to the two already in operation.
Posted: 13/05/2021
The Porthos CCUS consortium, which includes ExxonMobil and Shell, has gained $2.4bn in subsidies from the Dutch government for what will be one of the largest carbon capture utilisation and storage (CCUS) projects in the world.
Posted: 12/05/2021
Amazon will issue its first sustainability bond. The $1bn offering will use proceeds to fund projects in five areas, building on significant investments Amazon has made over the years: renewable energy, clean transportation, sustainable buildings, affordable Housing, and socioeconomic advancement and empowerment.
Posted: 12/05/2021
The Green Finance Institute has launched the Coalition for the Decarbonisation of Road Transport, bringing together financial, automotive, energy and infrastructure sectors to accelerate the transition to zero emission vehicles.
Posted: 12/05/2021
UK Power Networks has become the first UK distribution network operator to have its carbon reduction plan and targets endorsed by the Science-Based Target Initiative.
Posted: 12/05/2021
China's emissions exceeded developed nations combined in 2019, a new Rhodium Group analysis concludes.
Posted: 11/05/2021
Research from Trillion Trees shows that a total area of forests equivalent to the size of France have regrown in the last 20 years.
Posted: 11/05/2021
Macquarie has sold a portfolio of over 600,000 commercial UK smart meters to the Energy Assets Group.
Posted: 10/05/2021
Demand for critical minerals essential for clean energy technologies such as electric vehicles and wind turbines will soar as the world attempts to meet its net-zero goals.
Posted: 10/05/2021
Electric vehicles will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest.
Posted: 10/05/2021
UK firms are set to invest £15.8bn in electric vehicles over the next 12 months, an increase of 50 per cent in spending in the year to March 2021.
Posted: 07/05/2021
Superdrug has committed itself to a long-term sustainability programme, even wider community support and greater customer connection as the company launches its first CSR report.
Posted: 07/05/2021
Natura &Co, owner of The Body Shop, Avon, Natura and Aesop brands, has concluded an international fundraising of $1bn in bonds linked to sustainability goals.
Posted: 06/05/2021
Brunel Pension Partnership (BPP) has emphasised its commitment to investor transparency with the publication of three reports around responsible investment, highlighting “excellent progress” against its commitment to reach net-zero by 2050.
Posted: 06/05/2021
ESG reporting is now a requirement across any companies, but it can be labour intensive. A new platform has been launched to help companies of all sizes and also enable large organisations to collect ESG data in their B2B client network, allowing them to make more educated decisions around risk, lending, and value
Posted: 06/05/2021
The Co-op has announced plans be the first supermarket to sell carbon neutral own brand food and drink by 2025, a world-first for any major supermarket.
Posted: 06/05/2021
The Volkswagen Board and the independent Volkswagen Sustainability Council have discussed decarbonisation plans and the Group’s corporate purpose to provide carbon neutral mobility, and an end date for internal combustion engines.
Posted: 05/05/2021
Over five years after the Paris Agreement, the UK financial sector is actively undermining Government efforts to phase out coal, according to a new report from NGO Reclaim Finance.
Posted: 05/05/2021
Figures from National Grid show that British wind farms set a new record during the Bank Holiday by generating a new high of 17.6GW at 3.30pm providing 48.4 per cent of Britain’s electricity and beating the previous record of 17.5GW set on 13 February.
Posted: 05/05/2021
The World Economic Forum (WEF) has announced a new coalition of partners aiming to decarbonise Europe’s food system, the European Carbon+ Farming Coalition.
Posted: 05/05/2021
The Universities Superannuation Scheme (USS), the UK's largest pension scheme by assets, has announced its commitment to reach net zero for greenhouse gasses by 2050.
Posted: 04/05/2021
Consumer aerosol products, such as deodorants release more volatile organic compound pollution than all cars in the UK, according to new research by the National Centre for Atmospheric Science and University of York.
Posted: 04/05/2021
Tesco will offer its supply base sustainability-linked supply chain finance in a move the it hopes will encourage more suppliers to sign up to science-based emissions reduction targets.
Posted: 04/05/2021
The Central Finance Board of the Methodist Church, via its investment arm Investment Management, has sold its remaining company holdings in the oil and gas sector, including Shell.
Posted: 30/04/2021
The Lord Mayor’s Dragon Awards has announced its annual winners The awards, from the City of London Corporation, recognise businesses which build strong community relationships, tackle disadvantage or inequality, promote inclusion or boost skills.
Posted: 30/04/2021
In an open letter to the EC, EU governments and the European Parliament over 40 major companies and organisations have called for a ban on new diesel and petrol vehicles by 2035.
Posted: 30/04/2021
IT solutions provider SCC has renewed its partnership as a patron of The Prince’s Trust for the next three years, building on the last seven years that SCC has supported several of the Trust’s regional and national schemes and campaigns.
Posted: 29/04/2021
It seems hardly a day goes by without another ESG offering from BlackRock, now the company has released its ACS World ESG Insights Equity Fund, a sub-fund of BlackRock Authorised Contractual Scheme.
Posted: 29/04/2021
There will be145 million EVs on the road in 2030, accounting for 7 per cent of the vehicle fleet according to predictions by IEA.
Posted: 29/04/2021
Under half of disclosing financial institutions report actions to align portfolios with a well below 2C world according to the first ever analysis of financed emissions based on self-reported data from global asset managers, asset owners, insurers and banks by CDP.
Posted: 29/04/2021
Fidelity International has announced plans to halve the carbon emissions within its default investment strategy for UK-based pension schemes, FutureWise, by 2030, with a further aim to be net-zero by 2050 or before .
Posted: 28/04/2021
Pensions adviser Redington has announced that all its default client advice going forward will be aligned with the target to reach net-zero carbon emissions by 2050.
Posted: 28/04/2021
The Energy Transitions Commission (ETC) has released two new reports analysing the feasibility of achieving a net-zero greenhouse gas emissions economy by 2050 and the actions required in the next decade to put this target within reach.
Posted: 27/04/2021
Following the launch of two carbon transition ETFs, the company has now released two more ETFs that align with the objectives of the Paris Agreement as Larry Fink (pictured), CEO, looks to make good on his climate rhetoric in his annual Letter to CEOs.
Posted: 27/04/2021
Heat pumps alone cannot solve UK domestic heat decarbonisation and must be supported by a choice of heating solutions, including a hydrogen gas network, if the UK is to deliver on its net-zero target.
Posted: 27/04/2021
People want brands to lead them on a sustainable path, according to research conducted with more than 3,000 adults in the UK, the US and China.
Posted: 26/04/2021
Global energy-related carbon dioxide emissions are on course to surge by 1.5 billion tonnes in 2021 – the second-largest increase in history – reversing most of last year’s decline caused by the pandemic, a new IEA report predicts. This would be the biggest annual rise in emissions since 2010, during the carbon-intensive recovery from the global financial crisis.
Posted: 26/04/2021
The European Commission has published its long-awaited green taxonomy for labelling green investments, but has fudged the issues of nuclear energy and natural gas.
Posted: 23/04/2021
Coca-Cola, Colgate-Palmolive and Unilever have joined the 100+ Accelerator, a global programme working to solve supply chain challenges across water stewardship, circular economy, sustainable agriculture and climate action.
Posted: 23/04/2021
In the context of the President Biden’s Leaders’ Summit the US, UK and Norway, together with Amazon, have announced a $1bn initiative to purchase carbon credits from countries that reduce deforestation and forest degradation.
Posted: 23/04/2021
President Biden has declared that this will be the “decisive decade” for action on climate change during the virtually held Leaders Summit on Climate.
Posted: 23/04/2021
The Treasury Committee has called for an end to financial greenwash, with financial “clearly labelled” to allow consumers to assess their relative climate impacts.
Posted: 22/04/2021
Social and Sustainable Capital (SASC), the fund manager and social enterprise, has expanded its team with several new appointments this year, including hires from Citi and HSBC.
Posted: 21/04/2021
Amazon is now the largest corporate buyer of renewable energy globally and in Europe with more than 2.5GW of capacity in Europe, and 8.5 GW of renewable energy capacity globally.
Posted: 21/04/2021
On the eve of President Biden’s Head of State Climate Summit, a new global alliance, chaired by Mark Carney (pictured), that brings together existing and new net-zero finance initiatives into one sector-wide strategic forum has been launched: The Glasgow Financial Alliance for Net Zero (GFANZ).
Posted: 21/04/2021
Banks have been pledging to get greener for a while, but consumers who have had little to actively link their payments to climate action now are putting apps in a prime postion.
Posted: 20/04/2021
The Government will be announcing new climate commitments, setting out to cut carbon emissions by 78 per cent by 2035.
Posted: 20/04/2021
John Kerry and counterpart Xie Zhenhua have jointly signed a statement at commits the US and China to cooperate in tackling climate change.
Posted: 19/04/2021
RE100 has now reached 300 members with the latest cohort of businesses including
Posted: 19/04/2021
A new coalition, headed by Mars and sustainability consultancy Guidehouse has been created to speed climate preservation in the supply chain.
Posted: 19/04/2021
Apple has announced its Restore Fund that invest in forestry projects to remove carbon from the atmosphere while generating a financial return for investors.
Posted: 19/04/2021
JPMorgan Chase has set a ten-year target to include $1tr for green initiatives, such as renewable energy and clean technologies, and aims to finance and facilitate more than $2.5tr over the period.
Posted: 16/04/2021
Shell has presented its Energy Transition Strategy to shareholders for an advisory vote at the company’s AGM, the first time that an energy company has asked shareholders to vote on its energy transition strategy.
Posted: 16/04/2021
Making white paint whiter has created a highly efficient way to cool buildings and objects, reducing the need for mechanical cooling and potentially making huge savings in energy.
Posted: 16/04/2021
Around 80 per cent of employees who give up their time to help others will benefit from a positive impact on their own lives, according to a new report on the rise of micro-volunteering.
Posted: 16/04/2021
Europe invested €43bn in new wind farms in 2020, the second highest annual amount on record, with the investments covering 20 GW of new capacity that will be built in the coming years, 13 GW of it in the EU.
Posted: 15/04/2021
SEB predicts that total sustainable bond issuance will exceed $1tr in 2021, driven by a significant increase in issuance of green and social bonds and a breakthrough for sustainability-linked debt.
Posted: 15/04/2021
As investors seek to mitigate climate risks in their portfolios, there is a lack of transparent information to enable them to make choices. New research from Cambridge Institute for Sustainability Leadership's Investment Leaders Group (ILG) has offered a framework and simple disclosure method for financial institutions.
Posted: 15/04/2021
A letter from 310 businesses and investors operating in the US has been sent to President Biden calling for “ambitious and attainable” targets of cutting GHG emissions by at least 50 per cent below 2005 levels by 2030.
Posted: 15/04/2021
Honda and Octopus Energy are launching a home charging solution using intelligent software developed that sets a charging schedule to ensure the car is always adequately charged when it’s needed based on the requirements of the owner, while optimising the use of low-priced clean energy.
Posted: 14/04/2021
ScottishPower has submitted a planning application for what would be the UK’s largest electrolyser – producing green hydrogen.
Posted: 14/04/2021
Insure Our Future is calling on Lloyd’s of London to stop insuring coal and new oil and gas projects that exacerbate climate change.
Posted: 14/04/2021
Norwegian thermal battery maker EnergyNest, has signed an investment agreement with Infracapital, the infrastructure equity investment arm of M&G.
Posted: 13/04/2021
The Transition Pathway Initiative (TPI) has published its annual report: The State of Transition 2021, a major gauge on whether high-emitting sectors are on track to fulfil the goals of the Paris Agreement.
Posted: 13/04/2021
A non-profit green tech has been awarded more than £500,000 in funding from Google.org to revolutionise cloud forecasting for solar energy generation.
Posted: 13/04/2021
The Find It, Fix It, Prevent It initiative launched by CCLA Investment Management at the end of 2019, has published its annual report, with demand from more investors to become involved in corporate engagement programmes. This year, Find It, Fix It, Prevent It will see engagement with companies broaden from the hospitality sector to include the construction and materials sector with plans to commence engagement with targeted companies from the third quarter.
Posted: 12/04/2021
Schroders has joined the Global Impact Investing Network (GIIN), adding to the 350 global members that are seeking to increase the scale and effectiveness of impact investing.
Posted: 12/04/2021
Drax predicts that developing bioenergy with carbon capture and storage (BECCS) could save the UK energy system and consumers billions of pounds over the next decade.
Posted: 12/04/2021
BlackRock has launched two carbon transition ETFs raising over $1.5bn, the BlackRock US Carbon Transition Readiness ETF (LCTU) and the BlackRock World ex US Carbon Transition Readiness ETF (LCTD). More than $1.2bn flowed into LCTU making it the largest ETF launch of all time. Additionally, approximately $500m was invested in LCTD, making it one of the largest ETF launches in history.
Posted: 12/04/2021
OVO Energy has entered into a Power Purchase Agreement with Ørsted to buy green power from the offshore Barrow Wind Farm.
Posted: 12/04/2021
The first four turbines of the Gordonbush Extension started turning this week, with SSE Renewables predicting that that farm will generate 38MW of wind-powered electricity.
Posted: 09/04/2021
Shell has made an investment in LanzaJet, joining investors including British Airways, Suncor Energy, and Mitsui & Co.
Posted: 09/04/2021
A new study by Stockholm Environment Institute (SEI) shows that electric battery-powered freight trucks can be economically competitive with diesel trucks. The study challenges a long-held view that has previously dismissed electric freight trucks as too costly. With battery technology improving rapidly, heavy battery electric trucks can compete – and likely soon. To be commercially competitive, such vehicles need one critical piece of infrastructure: fast charging networks.
Posted: 09/04/2021
Norges Bank Investment Management (NBIM) will be acquiring a half share of Ørsted's 752 MW Borssele 1 & 2 offshore wind farm near the Netherlands in a €1.4bn deal and represents NBIM's first investment in unlisted renewable energy infrastructure.
Posted: 08/04/2021
Lidl and Neighbourly are working together to donate and distribute over 80,000 PPE units to front-line charity workers.
Posted: 08/04/2021
Phoenix Group, the long-term savings and retirement business, has announced a new two-year UK charity partnership with Samaritans.
Posted: 07/04/2021
According to Bank.Green’s Money Movement campaign, the world’s 60 largest private-sector banks have poured $3.8tr into fossil fuel projects since the Paris Agreement. The campaign, in partnership with a coalition of movements and organisations including BankTrack and Reclaim Finance, encourages bank customers to take action against their banks.
Posted: 07/04/2021
At 13.00 on Monday 5 April the UK’s carbon intensity of electricity – the measure of CO2 emissions per unit of electricity consumed – dropped to 39 gCO2, the lowest figure in history.
Posted: 07/04/2021
Sky News is reporting that two Government ‘sources’ have suggested that COP26 may be delayed for a second time.
Posted: 01/04/2021
L&G’s Workplace DC business, together with the L&G Mastertrust are to go net-zero setting out a roadmap to achieve the goal by 2050 across all auto-enrolment default investment options and building on L&G’s commitment to a net-zero company by 2050.
Posted: 31/03/2021
BP has taken a third stake alongside Daimler Mobility and BMW Group in Digital Charging Solutions (DCS), a developer of digital charging software for automotive manufacturers and vehicle fleet operators.
Posted: 31/03/2021
UK retail investors are being offered the chance to check if their portfolios are aligned with the 2C global warming target.
Posted: 31/03/2021
Reckitt, has been announced as a principal partner for COP26, joining SSE, Scottish Power, NatWest Group, National Grid, Sky, Sainsbury’s and Hitachi for UN climate change summit COP26 in Glasgow.
Posted: 30/03/2021
Sky has launched its Sky Zero Footprint Fund, with the £2m campaign aiming to inspire change and help fast-track sustainable initiatives.
Posted: 30/03/2021
Volvo will give its 40,000 employees around the globe a basic all-gender paid parental leave policy as of 1 April 2021 unless local regulations are more generous.
Posted: 30/03/2021
Nearly a third of the UK’s FTSE100 companies have now signed up to the United Nation’s Race to Zero campaign.
Posted: 30/03/2021
The Net Zero Asset Managers Initiative has added 43 new investor signatories who will collaboration with clients to achieve 2030 emissions reduction targets and reach net-zero by 2050 or sooner.
Posted: 29/03/2021
Analysis from research group and think tank Ember shows that since 2015 the UK has reduced coal use by 93 per cent, outstripping all other G20 nations.
Posted: 29/03/2021
Tesco has outlined five key areas of focus, including cutting absolute emissions from energy and supporting the UK’s transition to electric transport, in a manifesto and has called on the food industry to take collective action to achieve transformative change.
Posted: 29/03/2021
The UK’s principal financial regulators must now consider climate change, with transition to net-zero now included in Prudential Regulation Committee and Financial Conduct Authority remits.
Posted: 26/03/2021
Northern Gas Networks (NGN) has launched a green transition bond, open to the public and giving them the opportunity to invest in a hydrogen-ready network.
Posted: 26/03/2021
Energy & Climate Intelligence Unit and Oxford Net Zero have published a report into the climate policies of 2,000 major companies, finding that one in five now has a “net-zero” policy.
Posted: 26/03/2021
Retailer Boohoo Group has published a list of its suppliers, with only 78 making the cut from the UK as the company cuts links to others in light of last year’s independent report produced by Alison Levitt QC.
Posted: 26/03/2021
New research published by the Offshore Wind Industry Council (OWIC) shows that private sector investment of £60.8bn billion will be injected across the UK over the next five years in developing, constructing and operating offshore wind projects as the industry expands rapidly to help the Government to achieve its net-zero emissions goal. The average annual investment will be £10.1bn between 2021 and 2026, and investment in 2026 alone will reach a peak of £10.6bn.
Posted: 25/03/2021
Statistics released today by the Government show that renewable electricity generation outperformed fossil fuels for the first year ever in 2020 with renewables provided 42.9 per cent of the UK’s electricity while fossil fuels generated 38.5 per cent.
Posted: 25/03/2021
Plans for the Dogger Bank Wind Farm Operations and Maintenance (O&M) base, that will serve the world’s biggest offshore wind farm, have been announced.
Posted: 25/03/2021
The Purpose Pulse has found that the next generation of consumers and employees about their current views on ESG issues.
Posted: 25/03/2021
The Government has signalled that new drilling licenses in the North Sea be harder to come by as it rachets up its commitments to net-zero, but some are dismayed by the lack of a full stop.
Posted: 24/03/2021
The Circular Electronics Partnership (CEP) has been launched, bringing together global companies from the sector to start the first private sector alliance for circular electronics.
Posted: 24/03/2021
The Red Sea Development Company (TRSDC) is to offer bottled water made purely from sunlight and air.
Posted: 24/03/2021
A Tech for Good initiative has been launched in North of England tackling longstanding issues of digital inclusion exacerbated by the pandemic.
Posted: 24/03/2021
The Department for Business, Energy & Industrial Strategy (BEIS) is seeking consultation on proposals to require mandatory TCFD aligned climate-related financial disclosures from publicly quoted companies, large private companies and Limited Liability Partnerships.
Posted: 24/03/2021
Deutsche Post DHL Group is decarbonising faster, investing a total of €7 bn over the next ten years in measures to reduce emissions.
Posted: 23/03/2021
UK Power Networks has created a tool to make it easier for installers to connect clean technologies to homes and businesses.
Posted: 23/03/2021
The pandemic has laid bare the resiliency, or lack thereof, of companies when it comes to facing a crisis and being responsive and adaptable, notes S&P as it predicts the six major trends in corporate governance for the coming year.
Posted: 23/03/2021
Iceland Foods Charitable Foundation (IFCF) has hit a new milestone after raising £5m for Alzheimer's Research UK (ARUK) over a decade.
Posted: 23/03/2021
The Government is investing £54 million for green land transport projects and £20m to develop innovative zero emission vessels and clean port infrastructure, launching a competition to develop innovations and drive economic growth.
Posted: 22/03/2021
News will launch the first daily prime time news show dedicated to climate change. The Daily Climate Show will showcase the work of Sky News correspondents as they investigate how global warming is changing the landscape. It will also highlight solutions to the crisis and show viewers small changes they can make that will make a big difference.
Posted: 22/03/2021
National Grid is exploring the development of a UK hydrogen ‘backbone’, which aims to join together industrial clusters around the country, potentially creating a 2000km hydrogen network for the UK by around 2030.
Posted: 22/03/2021
Ten European business leaders are heading an investment of invest €100bn to decarbonise their companies and products under the CEO Alliance for Europe’s Recovery, Reform and Resilience ‘action tank’.
Posted: 22/03/2021
PwC and the London Business School have published a report into the linking of executive pay to ESG goals revealing that half (45 per cent) of FTSE 100 companies now have some form of ESG link.
Posted: 18/03/2021
BP is developing plans for the UK’s ‘blue’ hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tonnes of carbon dioxide per year. Blue hydrogen is produced by converting natural gas into hydrogen and CO2, which is then captured and permanently stored.
Posted: 18/03/2021
Brunel Pension Partnership, one of eight national Local Government Pension Scheme Pools, has signed the Net Zero Investor Framework (NZIF).
Posted: 18/03/2021
Uber’s 70,000 UK drivers will now receive the minimum wage, holiday pay and pensions.
Posted: 18/03/2021
Seven in ten UK consumers say banks and financial providers need to be more transparent about how they invest their customers’ money, while half think financial providers actively hide the sectors they invest in.
Posted: 18/03/2021
The Government will allocate over £1bn to reduce emissions from industry and public buildings like schools, hospitals and council buildings and aims to slash emissions by two-thirds in just 15 years.
Posted: 17/03/2021
Total and Forêt Ressources Management have signed a partnership agreement with the Republic of the Congo to plant a 40,000-hectare forest on the Batéké Plateaux.
Posted: 17/03/2021
Orange has signed a Corporate Power Purchase Agreement (CPPA) with Total, through its subsidiary Total Quadran to supply 100 GWh a year of renewable electricity over a period of 20 years. This agreement will thus enable the development, by 2024, of a dozen new solar power plants spread throughout metropolitan France, with a cumulative capacity of 80 MW.
Posted: 17/03/2021
Cushon, a fintech providing workplace pensions, and believed to be the first to offer a net-zero invest strategy, has become the provider to KFC UK & Ireland.
Posted: 17/03/2021
Following new CEO Jane Fraser (pictured) commitment to net-zero by 2050, Citigroup has issued an updated environmental policy making it the first major US bank to restrict financing for companies expanding coal power.
Posted: 17/03/2021
BP and VW intend to work together on extending and speeding up the deployment of ultra-fast electric vehicle (EV) charging facilities at BP retail sites across the UK, Germany and elsewhere in Europe.
Posted: 15/03/2021
Charity GiveOut has launched a LGBTQI Climate Fund to support the intersection of climate change and LGBTQI rights, believed to be a world-first, ensuring that activists have more of the resources they need to support their communities in the face of this crisis.
Posted: 15/03/2021
The Seiko Epson Corporation has announced that worldwide it main sites will all meet their electricity needs from 100 per cent renewable energy sources by 2023.
Posted: 16/03/2021
AXA is to ditch RWE as a client over the latter’s use of coal.
Posted: 15/03/2021
Nest has appointed Octopus Renewables to boost its investment in clean energy infrastructure, with £250m expected to be committed this year in the UK and Europe, as part of a potential £1.4bn investment by the end of the decade.
Posted: 15/03/2021
The shipping industry has welcomed a ‘moon-shot’ proposal from governments to set up a $5bn fund to fund research and development to help meet UN decarbonisation goals.
Posted: 15/03/2021
The Government has unveiled a new bus strategy, with the aim of creating a more frequent, cheaper, and importantly, greener service.
Posted: 15/03/2021
After dialogue with climate group As You Sow, Mondelez International and PepsiCo have agreed to cut their use of virgin plastic for packaging as part of increased efforts to eliminate and replace single-use plastics.
Posted: 12/03/2021
Nissan has plans for a major expansion to its renewable energy generation at its Sunderland plant.
Posted: 12/03/2021
Wells Fargo has become the latest bank to announce a transition to a low-carbon economy, setting a goal of net-zero greenhouse gas emissions by 2050.
Posted: 12/03/2021
GE Renewable Energy plans to open a new blade manufacturing facility in Teesside with its LM Wind Power subsidiary setting up and operating the plant which will be dedicated to the production of its 107 metre long offshore wind turbine blades, a key component of GE’s Haliade-X offshore wind turbine.
Posted: 11/03/2021
Network Rail has launched the There is Always Hope campaign to address the rising mental health issues in the midst of the current pandemic.
Posted: 11/03/2021
Following negotiations with a $2.4tn coalition of investors led by ShareAction, HSBC will phase out financing of coal-fired power and thermal coal mining by 2030 in the EU and OECD and by 2040 elsewhere.
Posted: 11/03/2021
Asset owners with $1.2 trillion in assets have committed to achieve net-zero alignment by 2050 or sooner drawing on the Institutional Investors Group on Climate Change (IIGCC) Framework to deliver these commitments, alongside a number of asset managers who are already working with clients on net-zero alignment.
Posted: 10/03/2021
Energy firms striving to meet ambitious decarbonisation goals will need more than acquisition of clean assets to transition and drive efficiency across their entire asset portfolio in order to meet net-zero targets.
Posted: 10/03/2021
The Government wants to open up use of EV chargepoints at motorway service stations and break the monopoly currently in place using legislation to ensure the points are reliable and can be used by any driver with a contactless card.
Posted: 10/03/2021
The UK Green Building Council (UKGBC) has published Renewable Energy Procurement and Carbon Offsetting Guidance for Net Zero Carbon Buildings. This guidance provides clarity for the property and construction industry on the procurement of renewable energy and carbon offsets for net-zero buildings and organisations in the UK.
Posted: 09/03/2021
Rolls-Royce electric engines will power Vertical Aerospace’s Urban Air Mobility (UAM) aircraft – a form of air-taxi. Rolls-Royce electrical power system will be integrated into the piloted all-electric vertical take-off and landing (eVTOL) vehicle, which will carry up to four passengers for 120 miles at cruise speeds of over 200mph and is on course to certify in 2024.
Posted: 09/03/2021
Chevron, Schlumberger New Energy, Microsoft and Clean Energy Systems are jointly developing a project for bioenergy with carbon capture and sequestration (BECCS) that could produce carbon negative power in Mendota, California.
Posted: 09/03/2021
Morrisons has pledged to be the first supermarket to be completely supplied by net-zero carbon British farms by 2030, working with its 3,000 farmers and growers to produce net-zero carbon meat, poultry, fruit and vegetables.
Posted: 09/03/2021
Google, BT and DCMS among over 1,000 organisations are offering free mentorship to independent organisations through the Digital Boost programme to digitally upskill 500,000 women from female-led organisations by January 2022, with 200,000 of those from BAME backgrounds.
Posted: 08/03/2021
Satelligence has appointed sustainability expert Alan Kroeger as its head of supply chains and natural climate solutions to help drive new initiatives to boost sustainability for various crops facing sustainability challenges, such as cocoa.
Posted: 08/03/2021
Goldman Sachs has followed Citi’s pledge to net-zero saying that the company will achieve a net-zero position by in the next nine years.
Posted: 05/03/2021
Procter & Gamble (P&G) hair care brands Head & Shoulders, Pantene, Herbal Essences and Aussie are now available with a reusable aluminium bottle and recyclable refill across Europe, allowing European households to recycle, reduce and reuse, hopefully leading to 300 million fewer plastic bottles being produced yearly.
Posted: 05/03/2021
UK savers put almost £1bn a month into responsible investment funds in 2020, the Investment Association (IA) has stated, while net retail sales into responsible investment funds in January 2021 reached £1.2bn.
Posted: 05/03/2021
Carbon reduction company Storegga has completed its second funding round, with investment from Mcquarie, GIC and Mitsui & Co.
Posted: 04/03/2021
Citi’s new CEO is committing to net-zero greenhouse gas emissions by 2050.
Posted: 04/03/2021
Green hydrogen and ammonia use by ships should be encourages and the EU should include it in its upcoming maritime fuel law, major shipping industry players have told the EC.
Posted: 04/03/2021
The Chancellor’s Budget has placed bets on a green recovery to help plug the red ink in UK finances.
Posted: 04/03/2021
The Chancellor is expected to offer ‘green’ savings bonds in the Budget, with the monies raised being used to aid the transition to a low-carbon economy.
Posted: 03/03/2021
The combined impact of climate plans puts them on a current path to achieve a less than one per cent reduction by 2030 compared to 2010 levels according to the latest Synthesis Report.
Posted: 03/03/2021
A new report, Aligning the Stars: Asset owners and energy investment toward net-zero, reveals the scale of investment opportunities for private capital in helping the Government to achieve its net-zero targets and those outlined in the energy white paper.
Posted: 03/03/2021
The UN has releases new practical guidance for banks, investors and insurers to understand the impact on ocean health and transition to a sustainable blue economy.
Posted: 02/03/2021
Aviva will become a net-zero carbon emissions company by 2040, including being net-in its investments, by 2040.
Posted: 02/03/2021
Drax is starting the planning process for a negative emissions technology, bioenergy with carbon capture and storage (BECCS).
Posted: 02/03/2021
Electric vehicles consume far less raw material (metals) than internal combustion engined cars taking into account the recycling of the battery cell materials.
Posted: 02/03/2021
Volvo will sell only fully electric cars and phase out all internal combustion engines, including hybrids, by 2030
Posted: 02/03/2021
The Food and Drink Federation (FDF) has released its Ambition 2025 Progress Report, highlighting progress in some areas, including food and drink companies achieving a 55 per cent reduction in CO2 emissions five years before the target was due to be reached.
Posted: 26/02/2021
The National Audit Office (NAO) has released a report into efforts to reduce carbon emissions from traffic, highlighting the gap between what is needed and current progress, and the lack of clear strategy.
Posted: 26/02/2021
Anne-Sophie Castelnau has been appointed ING’s global head of sustainability, succeeding Amin Mansour, who fulfilled the role on an interim basis. Anne-Sophie is currently head of wholesale banking for ING in France.
Posted: 26/02/2021
E10 fuel, a blend of petrol and ethanol, will be available by September 2021 as the UK attempts to further reduce carbon emissions from transport.
Posted: 26/02/2021
A major report from the Association for Renewable Energy and Clean Technology (REA) points to more than half of the UK’s electricity generation needs being met by renewables by the end of 2022, and 100 per cent by 2032.
Posted: 25/02/2021
Virgin Media has a new five-year strategic partnership with the charity Carers UK, which aims to connect one million unpaid carers to each other and to their communities by the end of 2025.
Posted: 24/02/2021
Hyundai Motor has launched Charge myHyundai, following the launch of Kia’s KiaCharge. Hyundai Motor Group owns Kia Motors.
Posted: 24/02/2021
Buildings Performance Institute Europe (BIPE) has released a report highlighting that retail real estate asset managers, owners and investors lack a strategy towards achieving climate-neutrality. The report marks the launch of Paris-Proof Retail Real Estate, an initiative that looks to develop a vision and strategy to support the European retail real estate sector reach net-zero carbon emissions by 2050.
Posted: 24/02/2021
Jupiter Fund Management is committing to achieving net-zero emissions by 2050 across its full range of investments and operations with Andrew Formica (pictured), CEO, Jupiter, saying: “The transition to net-zero carbon emissions is imperative but improving wider societal and governance standards is also crucial. Along with net-zero commitments, initiatives that align with the wider sustainability agenda, such as the UNGC principles and Good Work Coalition, will result in long-term gains for all stakeholders.”
Posted: 24/02/2021
SSE Renewables and Spanish renewable energy developer Acciona have signed an exclusivity agreement regarding the formation of a 50/50 joint venture to enter the emerging Spanish and Portuguese offshore wind markets.
Posted: 23/02/2021
Kia Motors has launched its KiaCharge charging service in the UK giving owners of the brand’s BEVs and PHEVs access to 13,900 charge points across the UK – around 68 per cent of the public charging network.
Posted: 23/02/2021
DHL Freight and Volvo Trucks have partnered to speed up the introduction of heavy-duty electric trucks to be used for regional transport in Europe.
Posted: 23/02/2021
Vodafone has announced that it is working with the charity Mail Force Computers for Kids initiative to extend its schools.connected programme intended to help children who are struggling to complete lessons and schoolwork because of poor quality internet connection.
Posted: 23/02/2021
The Association of British Insurers (ABI) believes that post-Brexit improvements to the Solvency II regulatory regime for the insurance and long-term savings sector could free up billions while upholding high level protections for customers.
Posted: 23/02/2021
H&M Group has issued a €500m sustainability-linked bond that has been 7.6 times oversubscribed.
Posted: 22/02/2021
The Fairtrade Foundation is calling on the Government to work harder to clean up food supply chains and tackle the vast amount of carbon emissions ‘hidden’ in imported food and products.
Posted: 22/02/2021
With 60 per cent of the UK’s households currently have an EPC band D rating or below, the Government’s commitment to bring all greenhouse gas emissions to net-zero by 2050 will require immense investment - with household emissions accounting for 22 per cent of the UK’s total greenhouse gas emissions.
Posted: 22/02/2021
Anheuser-Busch InBev has signed a $10bn sustainability linked loan revolving credit facility, replacing its existing $9bn facility.
Posted: 22/02/2021
British Gas has committed to electrify its commercial fleet earlier, the third largest in the country will now be fully electric by 2025, five years earlier than its previous commitment.
Posted: 22/02/2021
HRH The Prince of Wales’ Sustainable Markets Initiative’s (SMI) initiative has been expanded by an invitation to executives from a number of the world’s largest banks to join the Financial Services Taskforce (FSTF).
Posted: 22/02/2021
Eavor Technologies has completed a USD$40m funding round for its Eavor-Loop, a process that circulates fluid in a closed-loop to draw heat and use the earth as a battery. Both BP Ventures and Chevron Technology Ventures are amongst the investors.
Posted: 19/02/2021
Facebook is in the news again – first there is the stand-off with the Australian government, then there is the news that the social media company is attempting to provide more information on climate change by expanding its expanding and improving our Climate Science Information Center.
Posted: 19/02/2021
Mr Justice Holgate has handed down a judgement in favour of a local resident in the Norfolk Vanguard planning case, saying, “There is no justification for the court to withhold the relief sought by the claimant”.
Posted: 19/02/2021
Maersk will operate the world’s first carbon neutral liner vessel by 2023 – seven years ahead of schedule and in future all Maersk owned vessels will have dual fuel technology installed, enabling either carbon neutral operations or operation on standard very low sulphur fuel oil (VLSFO).
Posted: 18/02/2021
The John Lewis Partnership has become the first retailer to sign-up to HRH The Prince of Wales’ Terra Carta, which forms part of HRH’s Sustainable Markets Initiative, and puts nature, people and planet at the heart of global business.
Posted: 18/02/2021
Creating a better society includes protecting the environment – in fact, you might say it is the most important thing to keep a planet intact so there can be any society at all. Therefore, we have launched new awards to recognise the leaders of green energy that will sit alongside our established Better Society Awards in December.
Posted: 18/02/2021
Following the announcement by Jaguar, Ford is the latest car maker to pledge to be all electric, saying that by mid-2026, all of its passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid; moving to all-electric by 2030.
Posted: 17/02/2021
A report from the Transition Pathway Initiative (TPI) finds that 95 of 111 (86 per cent) large publicly listed industrials, worth $856 billion, are failing to align with a pathway to 2C or below by 2050, with only Rio Tinto showing full alignment in the worst performing areas.
Posted: 17/02/2021
The UN-convened Net-Zero Asset Owner Alliance has issued a call to asset managers to collaborate in driving the development of blended finance vehicles, with the aim of drastically ramping up investment in climate solutions.
Posted: 17/02/2021
Perhaps not the most vital point in creating a renewable future, but none-the-less RenewableUK has expressed its dissatisfaction with the Unicode Consortium’s decision not to create a wind turbine emoji.
Posted: 17/02/2021
Jaguar Land Rover CEO Thierry Bolloré has revealed his vision of the carmaker over the coming years, including e electrification of the entire range.
Posted: 16/02/2021
Coventry City Council will enter a Joint Venture partnership with Coventry Airport to develop proposals for a Gigafactory.
Posted: 16/02/2021
Bank of America has outlined steps to achieve its goal of net-zero in its financing activities, operations and supply chain before 2050.
Posted: 15/02/2021
Goldman Sachs Group has settled an $800m sustainability bond to accelerate climate transition and advance inclusive growth across nine core thematic areas: clean energy, sustainable transport, sustainable food and agriculture, waste and materials, ecosystem services, accessible and innovative healthcare, accessible and affordable education, financial inclusion, and communities.
Posted: 15/02/2021
Lloyds Banking Group planted one million trees over the last year as part of its ambition to help finance a green recovery and reduce the impact of climate change across the UK.
Posted: 15/02/2021
Sustainable funds attracted $51bn of new investment in 2020, more than double the previous year, according to Morningstar, and on average, outperformed conventional funds and indexes,with potenbtial inducements from the Biden administration likely to further increase their pull.
Posted: 15/02/2021
Europe’s aviation sector’s sustainability initiative, Destination 2050 – A Route to Net Zero European Aviation would see all flights within and departing the EU, UK and EFTA realising net-zero CO2 emissions by 2050. The plan and related commitments laid out by Europe’s airlines, airports, aerospace manufacturers and air navigation service providers shows collective drive to make leisure and business air travel in Europe, and globally, more sustainable in the long-term.
Posted: 15/02/2021
The UK is investing £10m in a new national green finance research centre that will advise lenders, investors and insurers, enabling them to make environmentally sustainable decisions, and support a greener global economy.
Posted: 15/02/2021
John Lewis is donating nearly 5,000 items of warm clothing to families in need. The clothing will be distributed through local Home-Starts across ten key locations in the UK, where many vulnerable communities have been affected most during the pandemic.
Posted: 12/02/2021
The European Council has agreed the regulations that creates its Recovery and Resilience Facility and will make €672.5bn in grants and loans available for public investment and reforms in the 27 member states to help them address the impact of the COVID-19 pandemic, and to “foster the green and digital transitions and to build resilient and inclusive societies”.
Posted: 12/02/2021
Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2) has closed with more than €1.6bn of investor commitments. The fund will invest in a diversified portfolio of assets including platforms and construction stage and operational wind and solar projects in Western Europe, the US, Canada, Mexico, Japan, Taiwan, Australia and New Zealand.
Posted: 12/02/2021
Research into consumer beliefs by German site Handleskontor has highlighting a particularly odd form of nationalism when it comes to car buying. Despite widespread reports of ‘defeat devices;’ and emissions scandals, the Germ car buying public still rate German made cars as environmentally friendly – indeed rating them as in the highest bracket.
Posted: 12/02/2021
Barclays Corporate Banking has announced the launch of a new green Bonds Guarantees & Indemnities (BGIs) product, which will offer support to businesses trying to reduce their environmental impact as they conduct their day-to-day activities.
Posted: 12/02/2021
Coca-Cola brands in the US will use a bottle made from 100 per cent recycled PET (rPET) plastic in California, Florida and other selected areas following later this summer.
Posted: 11/02/2021
British Airways is investing in sustainable aviation fuel (SAF) technology via LanzaJet using sustainably sourced ethanol.
Posted: 11/02/2021
Shell is accelerating its transition to a net-zero emissions energy products and services provider, whilst it has confirmed its expectation that total carbon emissions for the company peaked in 2018, and oil production peaked in 2019.
Posted: 11/02/2021
Over 100 institutional and individual investors are filing a shareholder resolution asking Tesco to sell more healthier food.
Posted: 10/02/2021
Imas, a foundation funded by Ikea, is setting aside $250m to seed a sustainable equity fund designed by London-based Osmosis IM, an environmental specialist manager majority owned by management and employees.
Posted: 10/02/2021
Amazon and Dutch energy provider Eneco have reached agreement for renewable wind energy generated by the Dutch subsidy-free offshore wind farm Hollandse Kust Noord.
Posted: 10/02/2021
The Department for Environment, Food & Rural Affairs, Environment Agency (Defra) is seeking to seed fund projects with up to £100,00 each that tackle climate change, create and restore habitats, or improve water quality via its new Natural Environment Investment Readiness Fund. The idea is that once set up these projects will be in a state to attract further private investment. This will create a pipeline of projects for the private sector to invest in and develop new funding models that can be replicated elsewhere.
Posted: 10/02/2021
Nissan and non-profit conservation organisation the Arbor Day Foundation will together plant 20,000 trees across Europe in 2021 to mark a decade of the LEAF car – the first mass-market electric vehicle.
Posted: 09/02/2021
Fairtrade is experiencing a boom in demand, including bananas, cocoa, coffee and wine - reflecting the extent to which the pandemic has sparked an increased global consciousness for ethical goods.
Posted: 09/02/2021
The Crown Estate’s six proposed new offshore wind projects in Round 4 will represent just under 8GW of potential new offshore wind capacity.
Posted: 09/02/2021
Europe confirmed a record amount of €26.3bn of investments in new offshore wind farms in 2020, financing 7.1GW of new offshore wind and building 2.9GW of new offshore wind. Europe now has 25GW of offshore wind capacity. The EU aims to have 300 GW by 2050.
Posted: 09/02/2021
Following its recent foray into wind energy with a 50 per cent acquisition of US leases, BP has now partnered Energie Baden-Wuerttemberg AG (EnBW) as preferred bidder for two 60-year leases in UK.
Posted: 08/02/2021
Electricity network companies are to invest potentially hundreds of millions of pounds in network capacity to support shovel-ready projects across Britain over the next two years.
Posted: 08/02/2021
The majority of large companies in the UK are failing in adequately disclose how climate change will affect their business, with many potentially breaching the law.
Posted: 08/02/2021
Veolia in partnership with Carbon Clean are working on carbon capture trails at Veolia’s Energy Recovery Facilities (ERFs). If successful, this will be the first UK application of the technology to ERFs.
Posted: 05/02/2021
The Government is deliberating over the introduction of carbon taxes across all areas in a drive towards the UK’s net-zero ambition.
Posted: 05/02/2021
The latest Energy Storage Project Intelligence report from RenewableUK calculates that there is more than 16.1GW of battery storage capacity operating, under construction or being planned in the UK across 729 projects.
Posted: 05/02/2021
Research commissioned by online pension provider PensionBee has revealed that when asked what they would do if they discovered their pension fund was invested in unsustainable companies, 29 per cent would make steps to change where they are invested, with almost a quarter (24 per cent) of young people (aged 18-34) feeling so strongly they would actively encourage others to leave that pension fund.
Posted: 04/02/2021
Ocado Zoom, part of Ocado Retail, has launched a trial of electric assisted and pedal-powered vehicles at its site in Acton, West London.
Posted: 04/02/2021
London-based AP Ventures has led a funding round that includes Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), Neuman & Esser, and the Grantham Environmental Trust to help Infinium develop applications to decarbonise the transportation sector.
Posted: 03/02/2021
Transport Secretary Grant Shapps has announced that funding for the On-Street Residential Chargepoint Scheme (ORCS) will continue into 2021/22, allowing residents without private parking to reliably charge their vehicle.
Posted: 03/02/2021
ExxonMobil has created a new business to commercialise its low-carbon technology portfolio in the latest move by oil majors to shift to greener opportunities. The new business, ExxonMobil Low Carbon Solutions (ELCS), will initially focus on carbon capture and storage (CCS).
Posted: 03/02/2021
Dixons Carphone is to give £1m to support disadvantaged pupils, parents and teachers as part of a longer-term commitment to help end digital poverty in the UK.
Posted: 03/02/2021
Coca-Cola European Partners (CCEP) has committed to switch all of its cars and vans to electric vehicles, or ultra-low emission vehicles where EVs are not viable by 2030. GHG emissions from CCEP’s car fleet and vans makes up approximately 17 per cent of its total Scope 1 emissions.
Posted: 02/02/2021
The Multi-Asset Climate Solutions (MACS) Fund has launched, affording investors the opportunity to invest in products and services that can play a decisive role in mitigating climate change and building a more sustainable future.
Posted: 02/02/2021
Aviva Investors will require companies to deliver net-zero scope 3 emissions by 2050 and transition roadmaps or face full divestment.
Posted: 01/02/2021
BP has entered the offshore wind sector with Equinor, with the formation of a US offshore wind partnership. This includes BP’s $1.1bn purchase from Equinor of a 50 per cent interest in two major lease areas off the US East Coast. The new partnership will develop up to 4.4GW through two projects – Empire Wind and Beacon Wind – and together pursue further growth in the US offshore wind market.
Posted: 01/02/2021
Mastercard has pledged to reach net-zero emissions by 2050. The first company in the payments industry to gain Science Based Targets initiative (SBTi) approval for its GHG goals, Mastercard is currently working towards its SBTi-approved goal to reduce total Scope 1 and 2 emissions by 38 per cent and Scope 3 emissions by 20 per cent by 2025 from a 2016 baseline on its journey to net-zero.
Posted: 29/01/2021