Archive News

Carbon reduction company Storegga has completed its second funding round, with investment from Mcquarie, GIC and Mitsui & Co.
Posted: 04/03/2021
Citi’s new CEO is committing to net-zero greenhouse gas emissions by 2050.
Posted: 04/03/2021
Green hydrogen and ammonia use by ships should be encourages and the EU should include it in its upcoming maritime fuel law, major shipping industry players have told the EC.
Posted: 04/03/2021
The Chancellor’s Budget has placed bets on a green recovery to help plug the red ink in UK finances.
Posted: 04/03/2021
The Chancellor is expected to offer ‘green’ savings bonds in the Budget, with the monies raised being used to aid the transition to a low-carbon economy.
Posted: 03/03/2021
The combined impact of climate plans puts them on a current path to achieve a less than one per cent reduction by 2030 compared to 2010 levels according to the latest Synthesis Report.
Posted: 03/03/2021
A new report, Aligning the Stars: Asset owners and energy investment toward net-zero, reveals the scale of investment opportunities for private capital in helping the Government to achieve its net-zero targets and those outlined in the energy white paper.
Posted: 03/03/2021
The UN has releases new practical guidance for banks, investors and insurers to understand the impact on ocean health and transition to a sustainable blue economy.
Posted: 02/03/2021
Aviva will become a net-zero carbon emissions company by 2040, including being net-in its investments, by 2040.
Posted: 02/03/2021
Drax is starting the planning process for a negative emissions technology, bioenergy with carbon capture and storage (BECCS).
Posted: 02/03/2021
Electric vehicles consume far less raw material (metals) than internal combustion engined cars taking into account the recycling of the battery cell materials.
Posted: 02/03/2021
Volvo will sell only fully electric cars and phase out all internal combustion engines, including hybrids, by 2030
Posted: 02/03/2021
The Food and Drink Federation (FDF) has released its Ambition 2025 Progress Report, highlighting progress in some areas, including food and drink companies achieving a 55 per cent reduction in CO2 emissions five years before the target was due to be reached.
Posted: 26/02/2021
The National Audit Office (NAO) has released a report into efforts to reduce carbon emissions from traffic, highlighting the gap between what is needed and current progress, and the lack of clear strategy.
Posted: 26/02/2021
Anne-Sophie Castelnau has been appointed ING’s global head of sustainability, succeeding Amin Mansour, who fulfilled the role on an interim basis. Anne-Sophie is currently head of wholesale banking for ING in France.
Posted: 26/02/2021
E10 fuel, a blend of petrol and ethanol, will be available by September 2021 as the UK attempts to further reduce carbon emissions from transport.
Posted: 26/02/2021
A major report from the Association for Renewable Energy and Clean Technology (REA) points to more than half of the UK’s electricity generation needs being met by renewables by the end of 2022, and 100 per cent by 2032.
Posted: 25/02/2021
Virgin Media has a new five-year strategic partnership with the charity Carers UK, which aims to connect one million unpaid carers to each other and to their communities by the end of 2025.
Posted: 24/02/2021
Hyundai Motor has launched Charge myHyundai, following the launch of Kia’s KiaCharge. Hyundai Motor Group owns Kia Motors.
Posted: 24/02/2021
Buildings Performance Institute Europe (BIPE) has released a report highlighting that retail real estate asset managers, owners and investors lack a strategy towards achieving climate-neutrality. The report marks the launch of Paris-Proof Retail Real Estate, an initiative that looks to develop a vision and strategy to support the European retail real estate sector reach net-zero carbon emissions by 2050.
Posted: 24/02/2021
Jupiter Fund Management is committing to achieving net-zero emissions by 2050 across its full range of investments and operations with Andrew Formica (pictured), CEO, Jupiter, saying: “The transition to net-zero carbon emissions is imperative but improving wider societal and governance standards is also crucial. Along with net-zero commitments, initiatives that align with the wider sustainability agenda, such as the UNGC principles and Good Work Coalition, will result in long-term gains for all stakeholders.”
Posted: 24/02/2021
SSE Renewables and Spanish renewable energy developer Acciona have signed an exclusivity agreement regarding the formation of a 50/50 joint venture to enter the emerging Spanish and Portuguese offshore wind markets.
Posted: 23/02/2021
Kia Motors has launched its KiaCharge charging service in the UK giving owners of the brand’s BEVs and PHEVs access to 13,900 charge points across the UK – around 68 per cent of the public charging network.
Posted: 23/02/2021
DHL Freight and Volvo Trucks have partnered to speed up the introduction of heavy-duty electric trucks to be used for regional transport in Europe.
Posted: 23/02/2021
Vodafone has announced that it is working with the charity Mail Force Computers for Kids initiative to extend its schools.connected programme intended to help children who are struggling to complete lessons and schoolwork because of poor quality internet connection.
Posted: 23/02/2021
The Association of British Insurers (ABI) believes that post-Brexit improvements to the Solvency II regulatory regime for the insurance and long-term savings sector could free up billions while upholding high level protections for customers.
Posted: 23/02/2021
H&M Group has issued a €500m sustainability-linked bond that has been 7.6 times oversubscribed.
Posted: 22/02/2021
The Fairtrade Foundation is calling on the Government to work harder to clean up food supply chains and tackle the vast amount of carbon emissions ‘hidden’ in imported food and products.
Posted: 22/02/2021
With 60 per cent of the UK’s households currently have an EPC band D rating or below, the Government’s commitment to bring all greenhouse gas emissions to net-zero by 2050 will require immense investment - with household emissions accounting for 22 per cent of the UK’s total greenhouse gas emissions.
Posted: 22/02/2021
Anheuser-Busch InBev has signed a $10bn sustainability linked loan revolving credit facility, replacing its existing $9bn facility.
Posted: 22/02/2021
British Gas has committed to electrify its commercial fleet earlier, the third largest in the country will now be fully electric by 2025, five years earlier than its previous commitment.
Posted: 22/02/2021
HRH The Prince of Wales’ Sustainable Markets Initiative’s (SMI) initiative has been expanded by an invitation to executives from a number of the world’s largest banks to join the Financial Services Taskforce (FSTF).
Posted: 22/02/2021
Eavor Technologies has completed a USD$40m funding round for its Eavor-Loop, a process that circulates fluid in a closed-loop to draw heat and use the earth as a battery. Both BP Ventures and Chevron Technology Ventures are amongst the investors.
Posted: 19/02/2021
Facebook is in the news again – first there is the stand-off with the Australian government, then there is the news that the social media company is attempting to provide more information on climate change by expanding its expanding and improving our Climate Science Information Center.
Posted: 19/02/2021
Mr Justice Holgate has handed down a judgement in favour of a local resident in the Norfolk Vanguard planning case, saying, “There is no justification for the court to withhold the relief sought by the claimant”.
Posted: 19/02/2021
Maersk will operate the world’s first carbon neutral liner vessel by 2023 – seven years ahead of schedule and in future all Maersk owned vessels will have dual fuel technology installed, enabling either carbon neutral operations or operation on standard very low sulphur fuel oil (VLSFO).
Posted: 18/02/2021
The John Lewis Partnership has become the first retailer to sign-up to HRH The Prince of Wales’ Terra Carta, which forms part of HRH’s Sustainable Markets Initiative, and puts nature, people and planet at the heart of global business.
Posted: 18/02/2021
Creating a better society includes protecting the environment – in fact, you might say it is the most important thing to keep a planet intact so there can be any society at all. Therefore, we have launched new awards to recognise the leaders of green energy that will sit alongside our established Better Society Awards in December.
Posted: 18/02/2021
Following the announcement by Jaguar, Ford is the latest car maker to pledge to be all electric, saying that by mid-2026, all of its passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid; moving to all-electric by 2030.
Posted: 17/02/2021
A report from the Transition Pathway Initiative (TPI) finds that 95 of 111 (86 per cent) large publicly listed industrials, worth $856 billion, are failing to align with a pathway to 2C or below by 2050, with only Rio Tinto showing full alignment in the worst performing areas.
Posted: 17/02/2021
The UN-convened Net-Zero Asset Owner Alliance has issued a call to asset managers to collaborate in driving the development of blended finance vehicles, with the aim of drastically ramping up investment in climate solutions.
Posted: 17/02/2021
Perhaps not the most vital point in creating a renewable future, but none-the-less RenewableUK has expressed its dissatisfaction with the Unicode Consortium’s decision not to create a wind turbine emoji.
Posted: 17/02/2021
Jaguar Land Rover CEO Thierry Bolloré has revealed his vision of the carmaker over the coming years, including e electrification of the entire range.
Posted: 16/02/2021
Coventry City Council will enter a Joint Venture partnership with Coventry Airport to develop proposals for a Gigafactory.
Posted: 16/02/2021
Bank of America has outlined steps to achieve its goal of net-zero in its financing activities, operations and supply chain before 2050.
Posted: 15/02/2021
Goldman Sachs Group has settled an $800m sustainability bond to accelerate climate transition and advance inclusive growth across nine core thematic areas: clean energy, sustainable transport, sustainable food and agriculture, waste and materials, ecosystem services, accessible and innovative healthcare, accessible and affordable education, financial inclusion, and communities.
Posted: 15/02/2021
Lloyds Banking Group planted one million trees over the last year as part of its ambition to help finance a green recovery and reduce the impact of climate change across the UK.
Posted: 15/02/2021
Sustainable funds attracted $51bn of new investment in 2020, more than double the previous year, according to Morningstar, and on average, outperformed conventional funds and indexes,with potenbtial inducements from the Biden administration likely to further increase their pull.
Posted: 15/02/2021
Europe’s aviation sector’s sustainability initiative, Destination 2050 – A Route to Net Zero European Aviation would see all flights within and departing the EU, UK and EFTA realising net-zero CO2 emissions by 2050. The plan and related commitments laid out by Europe’s airlines, airports, aerospace manufacturers and air navigation service providers shows collective drive to make leisure and business air travel in Europe, and globally, more sustainable in the long-term.
Posted: 15/02/2021
The UK is investing £10m in a new national green finance research centre that will advise lenders, investors and insurers, enabling them to make environmentally sustainable decisions, and support a greener global economy.
Posted: 15/02/2021
John Lewis is donating nearly 5,000 items of warm clothing to families in need. The clothing will be distributed through local Home-Starts across ten key locations in the UK, where many vulnerable communities have been affected most during the pandemic.
Posted: 12/02/2021
The European Council has agreed the regulations that creates its Recovery and Resilience Facility and will make €672.5bn in grants and loans available for public investment and reforms in the 27 member states to help them address the impact of the COVID-19 pandemic, and to “foster the green and digital transitions and to build resilient and inclusive societies”.
Posted: 12/02/2021
Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2) has closed with more than €1.6bn of investor commitments. The fund will invest in a diversified portfolio of assets including platforms and construction stage and operational wind and solar projects in Western Europe, the US, Canada, Mexico, Japan, Taiwan, Australia and New Zealand.
Posted: 12/02/2021
Research into consumer beliefs by German site Handleskontor has highlighting a particularly odd form of nationalism when it comes to car buying. Despite widespread reports of ‘defeat devices;’ and emissions scandals, the Germ car buying public still rate German made cars as environmentally friendly – indeed rating them as in the highest bracket.
Posted: 12/02/2021
Barclays Corporate Banking has announced the launch of a new green Bonds Guarantees & Indemnities (BGIs) product, which will offer support to businesses trying to reduce their environmental impact as they conduct their day-to-day activities.
Posted: 12/02/2021
Coca-Cola brands in the US will use a bottle made from 100 per cent recycled PET (rPET) plastic in California, Florida and other selected areas following later this summer.
Posted: 11/02/2021
British Airways is investing in sustainable aviation fuel (SAF) technology via LanzaJet using sustainably sourced ethanol.
Posted: 11/02/2021
Shell is accelerating its transition to a net-zero emissions energy products and services provider, whilst it has confirmed its expectation that total carbon emissions for the company peaked in 2018, and oil production peaked in 2019.
Posted: 11/02/2021
Over 100 institutional and individual investors are filing a shareholder resolution asking Tesco to sell more healthier food.
Posted: 10/02/2021
Imas, a foundation funded by Ikea, is setting aside $250m to seed a sustainable equity fund designed by London-based Osmosis IM, an environmental specialist manager majority owned by management and employees.
Posted: 10/02/2021
Amazon and Dutch energy provider Eneco have reached agreement for renewable wind energy generated by the Dutch subsidy-free offshore wind farm Hollandse Kust Noord.
Posted: 10/02/2021
The Department for Environment, Food & Rural Affairs, Environment Agency (Defra) is seeking to seed fund projects with up to £100,00 each that tackle climate change, create and restore habitats, or improve water quality via its new Natural Environment Investment Readiness Fund. The idea is that once set up these projects will be in a state to attract further private investment. This will create a pipeline of projects for the private sector to invest in and develop new funding models that can be replicated elsewhere.
Posted: 10/02/2021
Nissan and non-profit conservation organisation the Arbor Day Foundation will together plant 20,000 trees across Europe in 2021 to mark a decade of the LEAF car – the first mass-market electric vehicle.
Posted: 09/02/2021
Fairtrade is experiencing a boom in demand, including bananas, cocoa, coffee and wine - reflecting the extent to which the pandemic has sparked an increased global consciousness for ethical goods.
Posted: 09/02/2021
The Crown Estate’s six proposed new offshore wind projects in Round 4 will represent just under 8GW of potential new offshore wind capacity.
Posted: 09/02/2021
Europe confirmed a record amount of €26.3bn of investments in new offshore wind farms in 2020, financing 7.1GW of new offshore wind and building 2.9GW of new offshore wind. Europe now has 25GW of offshore wind capacity. The EU aims to have 300 GW by 2050.
Posted: 09/02/2021
Following its recent foray into wind energy with a 50 per cent acquisition of US leases, BP has now partnered Energie Baden-Wuerttemberg AG (EnBW) as preferred bidder for two 60-year leases in UK.
Posted: 08/02/2021
Electricity network companies are to invest potentially hundreds of millions of pounds in network capacity to support shovel-ready projects across Britain over the next two years.
Posted: 08/02/2021
The majority of large companies in the UK are failing in adequately disclose how climate change will affect their business, with many potentially breaching the law.
Posted: 08/02/2021
Veolia in partnership with Carbon Clean are working on carbon capture trails at Veolia’s Energy Recovery Facilities (ERFs). If successful, this will be the first UK application of the technology to ERFs.
Posted: 05/02/2021
The Government is deliberating over the introduction of carbon taxes across all areas in a drive towards the UK’s net-zero ambition.
Posted: 05/02/2021
The latest Energy Storage Project Intelligence report from RenewableUK calculates that there is more than 16.1GW of battery storage capacity operating, under construction or being planned in the UK across 729 projects.
Posted: 05/02/2021
Research commissioned by online pension provider PensionBee has revealed that when asked what they would do if they discovered their pension fund was invested in unsustainable companies, 29 per cent would make steps to change where they are invested, with almost a quarter (24 per cent) of young people (aged 18-34) feeling so strongly they would actively encourage others to leave that pension fund.
Posted: 04/02/2021
Ocado Zoom, part of Ocado Retail, has launched a trial of electric assisted and pedal-powered vehicles at its site in Acton, West London.
Posted: 04/02/2021
London-based AP Ventures has led a funding round that includes Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), Neuman & Esser, and the Grantham Environmental Trust to help Infinium develop applications to decarbonise the transportation sector.
Posted: 03/02/2021
Transport Secretary Grant Shapps has announced that funding for the On-Street Residential Chargepoint Scheme (ORCS) will continue into 2021/22, allowing residents without private parking to reliably charge their vehicle.
Posted: 03/02/2021
ExxonMobil has created a new business to commercialise its low-carbon technology portfolio in the latest move by oil majors to shift to greener opportunities. The new business, ExxonMobil Low Carbon Solutions (ELCS), will initially focus on carbon capture and storage (CCS).
Posted: 03/02/2021
Dixons Carphone is to give £1m to support disadvantaged pupils, parents and teachers as part of a longer-term commitment to help end digital poverty in the UK.
Posted: 03/02/2021
Coca-Cola European Partners (CCEP) has committed to switch all of its cars and vans to electric vehicles, or ultra-low emission vehicles where EVs are not viable by 2030. GHG emissions from CCEP’s car fleet and vans makes up approximately 17 per cent of its total Scope 1 emissions.
Posted: 02/02/2021
The Multi-Asset Climate Solutions (MACS) Fund has launched, affording investors the opportunity to invest in products and services that can play a decisive role in mitigating climate change and building a more sustainable future.
Posted: 02/02/2021
Aviva Investors will require companies to deliver net-zero scope 3 emissions by 2050 and transition roadmaps or face full divestment.
Posted: 01/02/2021
BP has entered the offshore wind sector with Equinor, with the formation of a US offshore wind partnership. This includes BP’s $1.1bn purchase from Equinor of a 50 per cent interest in two major lease areas off the US East Coast. The new partnership will develop up to 4.4GW through two projects – Empire Wind and Beacon Wind – and together pursue further growth in the US offshore wind market.
Posted: 01/02/2021
Mastercard has pledged to reach net-zero emissions by 2050. The first company in the payments industry to gain Science Based Targets initiative (SBTi) approval for its GHG goals, Mastercard is currently working towards its SBTi-approved goal to reduce total Scope 1 and 2 emissions by 38 per cent and Scope 3 emissions by 20 per cent by 2025 from a 2016 baseline on its journey to net-zero.
Posted: 29/01/2021
Ford has increased its charging network threefold as it anticipates the arrival of its first major EV, the Mustang Mach-E.
Posted: 29/01/2021
President Biden gas moved immediately to recapture last ground in the battle on climate change with a freeze new oil and gas leases on public lands and a target to double offshore wind by 2030.
Posted: 29/01/2021
The Largest US carmaker is going green. The company plans to become carbon neutral in its global products and operations by 2040 and has committed to setting science-based targets to achieve carbon neutrality.
Posted: 29/01/2021
Prominent figures from the pensions industry have expressed relief that the Government has “broken new ground” with its adoption of recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
Posted: 29/01/2021
Nissan has set a goal to achieve carbon neutrality across all operations and the life cycle of its products by 2050.
Posted: 28/01/2021
EDF Renewables plans to build phase two of the Blyth Offshore Demonstrator (BOD) wind farm off the coast of Northumberland using floating offshore wind technology. Once completed it would be among the first projects of this kind in English waters.
Posted: 28/01/2021
Konica Minolta kas announced that its Enabling Carbon Neutrality programme has now offset more than 30,000 tons of CO2 emissions across sixteen European countries.
Posted: 28/01/2021
BlackRock has reported to investors that it has met its target of having all of its active and advisory portfolios ESG-integrated and has threatened to divest of stocks not meeting its climate criteria.
Posted: 27/01/2021
BP’s Lightsource division has closed on a $380m financing package and started construction on its Elm Branch and Briar Creek solar projects in Texas with commercial operation of both projects expected by late 2021.
Posted: 27/01/2021
Waitrose come first in the Environmental Investigation Agency (EIA) and Greenpeace table of UK supermarkets for efforts to reduce plastics across its shops and products for the second year in a row.
Posted: 26/01/2021
The Environmental Audit Committee (EAC) has written to Governor of the Bank of England urging the Bank to show continued leadership on climate change.
Posted: 26/01/2021
BP has cut its spending on exploration and drilling rights and made a major reduction in the number of employees within its exploration division.
Posted: 26/01/2021
Boris Johnson has announced the Adaptation Action Coalition, a new international coalition to tackle the impacts of climate change.
Posted: 25/01/2021
Shell has signed an agreement to buy ubitricity, a provider of on-street charging for electric vehicles. The move represents another move from oil companies to diversity and create distribution networks.
Posted: 25/01/2021
Ofgem has recommended an independent body to lead the path to net-zero, fully separating out running the electricity system from National Grid.
Posted: 25/01/2021
The Principles for Locally Led Adaptation have been unveiled at the start of the Climate Adaptation Summit to ensure climate adaptation is led by local people.
Posted: 25/01/2021
Werner Hoyer, President of the European Investment Bank, has urged EU to reject gas and all fossil fuels as he presented the bank’s 2020 results.
Posted: 22/01/2021
Unilever has committed to help raise living standards across its value chain, including providing a living wage or income to anyone directly providing goods or services to the company by 2030 and pioneering new employment models and equipping 10 million young people with essential skills to prepare them for job opportunities, also by 2030.
Posted: 22/01/2021
Tesco has launched its first bond that is linked to commitments to reduce greenhouse gas emissions.
Posted: 22/01/2021
President Trump took the US out of the Paris Agreement, much to the shock of those who care for the environment, and incoming President Biden has wasted no time id reversing that policy as part of a draft of climate related promises.
Posted: 21/01/2021
A collaboration between Vattenfall and Preem is set to create fossil-free hydrogen for biofuel production is entering the next phase, with a study to examine opportunities for building a large-scale production facility at the refinery in Lysekil, Sweden.
Posted: 20/01/2021
In its first year the Cadent Foundation has granted £4.8m to charitable organisations. Funded by gas network Cadent, the Cadent Foundation has awarded 100 new grants to charities and organisations working across the North West, West Midlands, East of England and North London.
Posted: 20/01/2021
The Co-operative Bank has announced it has renewed its partnership with The Hive, a support programme for the UK’s co-operatives.
Posted: 20/01/2021
The first production batch of five-minute charge sample cells, which is targeted at showcasing the technology to potential EV and industry partners has been unveiled. The first-generation battery was used to demonstrate the full charge of a two-wheeled EV in just 5 minutes for the first time and can offer ultra-fast charging to a number of other industries, such as commercial drones and consumer electronics.
Posted: 20/01/2021
Following the VW emissions scandal, Vauxhall has become the latest case maker to face litigation in the UK.
Posted: 19/01/2021
According to the IEA’s 2021 update of its Methane Tracker, oil and gas operations worldwide emitted more than 70 million tonnes of methane into the atmosphere last year. This is broadly equivalent to the total energy-related CO2 emissions from the entire European Union.
Posted: 19/01/2021
Total has successfully issued €3bn of bonds to finance its development strategy, mainly acquisitions, in renewables, in particular €1.7bn for the acquisition of a 20 per cent interest in Adani Green Energy Limited (AGEL).
Posted: 19/01/2021
Octopus customers in Market Weighton or Caerphilly can enjoy cheaper 100 per cent renewable electricity whenever Octopus local turbines are spinning. In a new scheme the company is offering its customers a package for £1 a week giving them local renewable energy, and 20 to 50 per cent discounts on energy if the local turbine is spinning (estimated at 98 per cent of the time).
Posted: 19/01/2021
Chevron today has invested in San Jose-based Blue Planet Systems Corporation, a start-up for carbon capture technology.
Posted: 18/01/2021
Drax intends to make a significant contribution to a post-COVID, green economic recovery by creating and protecting thousands of jobs in the North associated to carbon capture technology.
Posted: 18/01/2021
PepsiCo will double the scope of its climate goal, targeting a reduction of absolute greenhouse gas emissions (GHG) across its value chain by more than 40 per cent by 2030.
Posted: 18/01/2021
By integrating an electrolyser into an offshore wind turbine as a single system to directly produce green hydrogen Siemens Gamesa and Siemens Energy hope that regions with abundant offshore wind will become accessible for the hydrogen economy, enabling them to store and transport wind energy, without needing a connection to a grid or cables. (Test site shown.)
Posted: 15/01/2021
A low carbon hydrogen facility has been created at Ellesmere Port, Cheshire, converting natural gas and fuel gases from the Stanlow Refinery and converting them to hydrogen, with carbon dioxide captured and stored offshore in sub-surface reservoirs in Liverpool Bay.
Posted: 14/01/2021
Nations must urgently increase action to adapt to the new climate reality or face serious costs, damages and losses, a new UN Environment Programme (UNEP) report finds, and whilst the pace of adaptation financing is indeed rising, it continues to be outpaced by rapidly increasing adaptation costs. With annual adaptation costs in developing countries are estimated at $70 bn and expected to reach $140-300bn in 2030.
Posted: 14/01/2021
Thirty-three of the world’s largest investors, representing $5.1tr of assets under management, have committed to setting and reporting on 2025 targets to support the transition to net-zero greenhouse gas emissions by 2050.
Posted: 14/01/2021
The UK will spend at least £3bn of international climate finance climate on change solutions that protect and restore nature and biodiversity over five years.
Posted: 13/01/2021
The Investor Forum has called on the Government to introduce a mandatory non-binding shareholder ‘say on climate’ votes to drive “real-world impact” and a powerful investor signal on the effectiveness of any mandated climate disclosures.
Posted: 12/01/2021
The Prince of Wales's Sustainable Markets Initiative has launched the Terra Carta – a charter that puts sustainability at the heart of the private sector.
Posted: 12/01/2021
HeatRHIght, a renewables funding scheme that supports the delivery of air source heat pump technology to the social housing sector, has received long-term financing from LGIM Real Assets.
Posted: 12/01/2021
The International Energy Agency (IEA) has created the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050.
Posted: 12/01/2021
COVID has accelerated the social awakening, and whilst social factors have, on average, been effective in each of the last six calendar years, in 2020, when the coronavirus pandemic proved its virulence, these factors have proved especially important.
Posted: 12/01/2021
The China National Emissions Trading Scheme (ETS) has opened for business after the system’s core pieces have been put in place.
Posted: 11/01/2021
Alok Sharma is leaving his role as Business Secretary in order to fully focus on the presidency of COP26. Sharma will still be a full member of Cabinet and will chair the Climate Action Implementation Committee.
Posted: 11/01/2021
Friends of the Earth Netherlands (Milieudefensie) seeing Shell in court. The group is suing Shell along with 17,379 co-plaintiffs and six other organisations with a team headed by Roger Cox.
Posted: 11/01/2021
Investors that include Amundi and Man Group have filed a resolution for the bank’s AGM calling for it to “promote the long-term success of the company” and publish a strategy of targets to reduce its expose to fossil fuel financing.
Posted: 11/01/2021
Finbold’s Bank Fines 2020 report reveals the list of banks that faced the biggest fines in 2020.
Posted: 11/01/2021
Lenovo customers can opt to offset carbon emissions of its Think branded products at the point of purchase as part of the company’s new CO2 Offset Services initiative.
Posted: 08/01/2021
New data from the Copernicus Climate Change Service satellites show that 2020 was as hot as 2016 – record years for temperatures.
Posted: 08/01/2021
Apple will adjust executive remuneration according to how well the corporate does against a raft of ESG criteria.
Posted: 07/01/2021
The majority of people in the UK see 2021 as vital for tackling the climate emergency with two thirds (67 per cent) believing the planet is in a worse shape than it has ever been, and that the world needs to act within the next year if it is going to tackle the climate emergency.
Posted: 07/01/2021
In an opinion piece published on CNN Business Perspectives, BP CEO Bernard Looney and Christiana Figueres, the former executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), have called for “concrete action” to meet the Paris goals.
Posted: 06/01/2021
Tesco has removed one billion pieces of plastic from its UK business in 2020. The target was part of Tesco’s commitment to tackle plastics through its 4Rs Packaging Strategy: remove it where it can, reduce where it can't, reuse more and recycle.
Posted: 06/01/2021
UK Research and Innovation (UKRI) has announced the six winners of the second phase of the Industrial Strategy Challenge Fund’s (ISCF) decarbonisation of industrial clusters: cluster plan competition.
Posted: 05/01/2021
Macquarie has confirmed that it has met its agreement with the Government and financed £3bn of green projects. In 2012 the government created the Green Investment Bank to encourage private capital into green projects. Acquired by Australian bank Macquarie in 2017 and renamed the Green Investment Group (GIG) part of the deal was to meet these green finance targets.
Posted: 05/01/2021
SASC has launched a Renewables Investment Committee to target more investments in community renewable projects in 2021.
Posted: 04/01/2021
The Hornsea Project Three offshore wind farm has been given development consent. The wind farm, offering a capacity of up to 2.4GW located off the coast of Norfolk has been green lit following a six-month examination.
Posted: 04/01/2021
A revised strategy from the Oil & Gas Authority (OGA) has been submitted to Parliament, featuring for the first time an obligation on the oil and gas industry to support the UK’s net-zero target.
Posted: 23/12/2020
Octopus Energy Group has agreed a major strategic partnership with Tokyo Gas in a deal that values the UK entech in excess of $2bn.
Posted: 23/12/2020
Nest, the workplace pension scheme, will take another step in reducing its carbon footprint while increasing investment in emerging market equities.
Posted: 22/12/2020
The EU has agreed a €672bn recovery fund, 37 per cent of which must be invested in projects that support climate objectives.
Posted: 22/12/2020
National Grid ESO has confirmed that UK wind farms generated a record 17.3GW on 18 December, beating the previous record high of 17.1GW which was generated on 2 January 2020.
Posted: 22/12/2020
Forty-one regional leaders from Edinburgh to Cornwall made a commitment last week to cut further and faster than the national goals in a race to net-zero by pledging to eliminate emissions in their communities at least five years earlier.
Posted: 18/12/2020
Celebrating the fifth anniversary of the signing of the Paris Agreement, AXA’s CEO Thomas Buberl called for a new alliance of climate responsible insurers to create a “Net-Zero Underwriting Alliance”.
Posted: 17/12/2020
Lloyd’s of London has released its Environmental, Social and Governance Report which, amongst other commitments, asks Lloyd’s managing agents to no longer provide new insurance cover for coal-fired power plants, thermal coal mines, oil sands and new arctic energy exploration.
Posted: 17/12/2020
ZeroAvia’s mission to transition the world to zero-emission, hydrogen-fuelled flight picked up a significant tailwind today as the startup has announced $21.4m in new funding from Breakthrough Energy Ventures (a fund backed by Bill Gates) and Ecosystem Integrity Fund, with follow-on investors Amazon Climate Pledge Fund, Horizons Ventures, Shell Ventures, and Summa Equity.
Posted: 17/12/2020
Energy giant BP has increased its investment in Finite Carbon, a forest carbon offset developer, increasing its stake in the company to a majority.
Posted: 17/12/2020
Daimler, IVECO, OMV, Shell and Volvo are collaborating as H2Accelerate for the adoption of hydrogen. The participants believe that synchronised investments across the sector during the 2020s will create the conditions for the mass market roll-out of hydrogen fuelled heavy duty transportation which is required to meet the European ambition of net-zero emissions by 2050.
Posted: 15/12/2020
Taxpayers will no longer support fossil fuel projects overseas as the Government withdraws all support for such programmes.
Posted: 15/12/2020
A joint initiative between Unilever, the Foreign, Commonwealth and Development Office (FCDO) and EY has launched Transform Survive & Thrive, an open-source platform to support early- and growth-stage impact enterprises in developing economies that are at risk of failure due to COVID-19 disruption.
Posted: 15/12/2020
Unilever will put its climate transition action plan before shareholders and seek a non-binding advisory vote on the company’s ambitious emissions reduction targets and the plans to achieve them – the first time a major global company has voluntarily committed to put its climate transition plans before a shareholder vote.
Posted: 15/12/2020
The Better Society Awards 2021 are now open for entries, with a deadline of 5 March 2021 to showcase the ways in which organisations have helped create a better, more sustainable, ethical and sustainable world for all.
Posted: 14/12/2020
Following the announcement of the Net-Zero Asset Owner Alliance, asset managers representing over $9tr of assets under management have launched of the Net Zero Asset Managers Initiative. This is a leading group of global asset managers that will commit to support the goal of net-zero greenhouse gas emissions by 2050 or sooner.
Posted: 14/12/2020
Britishvolt has selected the site of a former coal power station in Blyth Northumberland to build the UK’s first battery gigaplant and will begin construction in Summer 2021 with lithium-ion batteries to be in production by the end of 2023.
Posted: 11/12/2020
Lidl GB has become the first food retailer to publish a Human Rights Impact Assessment (HRIA), sharing the impact of its operations on human rights within the tea supply chain.
Posted: 10/12/2020
The annual Climate Change Performance Index (CCPI) monitors the climate protection performance of 57 countries and the EU, and despite significant changes there is still no country that is high enough rated to meet any of the top three positions.
Posted: 09/12/2020
Following the launch of the Renewable Hydrogen Coalition, six hydrogen developers have joined forces to form the Green Hydrogen Catapult.
Posted: 09/12/2020
Ofgem has confirmed a $40bn investment programme into the energy infrastructure to reduce the impact of the networks on the environment and help meet he net-zero emissions target by 2050.
Posted: 09/12/2020
The Climate Change Committee (CCC) has released its first detailed route map for a fully decarbonised nation, finding that the cost of this will be much lower than previously thought.
Posted: 09/12/2020
A group of 123 scientists, led by Andreas Hoepner and Joeri Rogelj have written an open letter to the EU President following a first draft criteria for the EU sustainable finance taxonomy, attempting to classifying investments that can be marketed as sustainable.
Posted: 08/12/2020
Over 300 companies including AstraZeneca, Danone, Firmenich, HP, Mars and Mitsubishi Electric have today been named on this year’s ‘A List’ by CDP - a major increase on last year, despite the unprecedented challenges posed by COVID-19.
Posted: 08/12/2020
Although adoption of green fuels is steadily increasing for road transport, new research suggests that electrofuels should be prioritised for ships and planes, most of which cannot use batteries to decarbonise and will generate huge demand for e-fuels.
Posted: 07/12/2020
The Crown Estate and UK Government have today launched a new partnership to protect and restore the UK’s precious marine environment, as the nation seeks to chart a course towards net zero emissions by unlocking the green energy potential of the UK seabed.
Posted: 07/12/2020
Gridserve has opened the UK’s first Electric Forecourt near Braintree, Essex, the first site of a proposed 100 being built over the next five years.
Posted: 07/12/2020
The economic impacts of the Covid-19 crisis appear to be deepening the challenge of reaching international energy and climate goals according to the annual update on efficiency trends from the International Energy Agency.
Posted: 07/12/2020
Eni is to take 20 per cent stake in first two phases of world’s largest offshore wind farm, owners SSE Renewables and Equinor have confirmed, with the Italian multinational joining as a partner in the first two phases.
Posted: 04/12/2020
BlackRock has created Aladdin Climate, a new software that should allow financial institutions and investors to quantify climate risk in their portfolios.
Posted: 04/12/2020
The Prime Minister gas announced a new plan aims for at least 68 per cent reduction in greenhouse gas emissions by the end of the decade, compared to 1990 levels.
Posted: 04/12/2020
This year the Better Society Awards had to be held virtually, but this has not stopped the excitement around the exceptional ideas and teams that have entered. Please see the virtual presentations, shortlist and award announcements.
Posted: 03/12/2020
Europe needs to reach a minimum 3 per cent annual deep renovation rate to achieve a strengthened GHG reduction target and a boost for renewable heating and cooling, new Buildings Performance Institute Europe (BPIE) analysis shows.
Posted: 03/12/2020
Twenty-one projects across the UK will receive a share of £5.75m in Government funding to kickstart the UK’s green industrial revolution and build capability in the UK supply chain for the manufacture of Power Electronics, Machines and Drives (PEMD).
Posted: 03/12/2020
Nasdaq has filed a proposal with the US Securities and Exchange Commission (SEC) to adopt new listing rules that would require most companies listed to have, or explain why they do not have, at least two ‘diverse’ directors, including one who self-identifies as female and one who self-identifies as either an 'underrepresented minority' or LGBTQ+. Foreign companies and smaller reporting companies would have additional flexibility in satisfying this requirement with two female directors.
Posted: 03/12/2020
Unfriend Coal’s Insure Our Future campaign has revealed its fourth annual scorecard on insurers’ climate policies, and despite progress some major companies in the US, the Lloyd’s Market and East Asia are still insuring coal. Moreover, there are few signs that the global insurance industry is taking comprehensive action on oil and gas.
Posted: 02/12/2020
Danone Waters UK and Ireland, whose brands include Evian and Volvic, has received certification as a B Corporation, the designation for ESG businesses.
Posted: 02/12/2020
Entech ‘unicorn’ Octopus Energy has won National Technology’s prestigious ‘Tech Company of the Year’ award for its technology-driven approach to energy supply in the UK.
Posted: 02/12/2020
The Paris Agreement’s 1.5C goal is within striking distance, with the Climate Action Tracker (CAT) calculating that global warming by 2100 could be as low as 2.1C as a result of all the net-zero pledges announced to date.
Posted: 01/12/2020
The UK has managed to cut carbon from its power supply at almost double the rate of other major economies over the past decade.
Posted: 01/12/2020
EOS at Federated Hermes has sent out a letter to all FTSE 100 companies and additional companies within its UK engagement programme outlining its principles regarding diversity and inclusion, climate change and remuneration.
Posted: 30/11/2020
ENIAN has this week been awarded a £500,000 Smart Grant by Innovate UK to develop a new cost predicting algorithm set to accelerate the uptake of renewable energy across the country.
Posted: 30/11/2020
Boohoo has appointed a former High Court judge Sir Brian Leveson and KPMG to examine its business practices following allegations that a supplier was paying workers less than the minimum wage.
Posted: 26/11/2020
Toyota (GB) has raised more than £1.1m for BBC Children in Need’s 2020 Appeal. The sum was achieved through activities including fundraising by Toyota centres nationwide and a text-to-win prize draw. As part of its partnership with BBC Children in Need, Toyota also provided support vehicles for The One Show’s Rickshaw Challenge.
Posted: 26/11/2020
SSE Renewables and Equinor have announced financial close on the first two phases of the Dogger Bank Wind Farm project, representing in aggregate the largest offshore wind project financing to date globally.
Posted: 26/11/2020
The UK has risen into the top five countries for the attractiveness of renewable energy investment and deployment opportunities, in the latest Renewable Energy Country Attractiveness Index (RECAI), ranking the top 40 countries in the world.
Posted: 25/11/2020
Companies operating in the global food value chain are underestimating key environmental risks and ignoring opportunities for creating a more sustainable food system, according to a new report published by CDP.
Posted: 25/11/2020
The Government has set out the next steps for its “green industrial revolution” as it publishes its plans for the next round of the renewables support scheme.
Posted: 25/11/2020
A new App, Sugi, has been launched that will enable users to check the carbon impact of their investments.
Posted: 24/11/2020
Vodafone will reach net zero by 2040, a decade ahead of its original 2050 target, and will aim to eliminate carbon emissions from its own activities, as well as from the energy it purchases, by 2030.
Posted: 24/11/2020
Co-op Power is embarking on a growth programme, calling out for new corporate members for the first time since it was originally conceived in 2003.
Posted: 22/11/2020
The HM Treasury-led Asset Management Taskforce has outlined a series of twenty recommendations to place stewardship at the heart of an agenda to ‘build back better’ post-coronavirus.
Posted: 24/11/2020
Morningstar has unveiled its ESG Commitment Level with assessments of 107 individual strategies and 40 asset manager groups. Morningstar’s analysts will eventually produce these commitment levels for other funds and asset managers included in our coverage.
Posted: 19/11/2020
A £40m green energy deal with the City of London Corporation could provide a blueprint for local authorities seeking to reduce carbon emissions and cut costs.
Posted: 18/11/2020
Standard Life Aberdeen (SLA) has estimated that their employees carbon emissions from working at home due to the pandemic could represent up to 60 per cent of their overall 2020 carbon footprint. In order to help reduce this impact upon the climate, the company has partnered with Pawprint and will initially target a representative sample of 500 colleagues from around the world to use the Pawprint for Business carbon App.
Posted: 18/11/2020
The Government has formally announced the long-rumoured decision to bring forward the date from which new petrol or diesel vehicles can be sold, with the ban now coming into force from 2030.
Posted: 18/11/2020
Boris Johnson has set out plans for his £12bn “green industrial revolution” in a little more detail, saying that “now is the time to plan for a green recovery”.
Posted: 18/11/2020
The Biofuture Platform, a global multi-stakeholder initiative, has today called for policymakers to urgently address a 11.6 per cent fall in biofuel output which has occurred as a direct result of the COVID-19 pandemic.
Posted: 17/11/2020
Zurich Insurance Group has become the first large institutional investor to prioritise the environmental and social goals of its impact investment portfolio following its AUM reaching $5bn.
Posted: 17/11/2020
On 23 November, SolarPower Europe, WindEurope, and Breakthrough Energy will formally create the Renewable Hydrogen Coalition, an initiative that will support and promote the renewable hydrogen industry.
Posted: 17/11/2020
Midlothian Council and Vattenfall have formally launched a new energy services company (ESCo), a equal joint venture to deliver low carbon energy projects across the area. The first project will be a low carbon district heating network supplying the new Shawfair town (pictured) in the north of the council area on the outskirts of Edinburgh.
Posted: 17/11/2020
As a part of a £22.5 million Government investment five new circular economy centres are being built to explore how reusing waste materials in the textiles, construction, chemical and metal industries could deliver huge environmental benefits and boost the UK economy.
Posted: 16/11/2020
M&G has bet £150m on the expansion plans if Zenobe Energy, specialists in battery storage and services to electric vehicle operators.
Posted: 16/11/2020
SSE Renewables is partnering with Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP) on joint bids for the ScotWind seabed leasing process managed by Crown Estate Scotland.
Posted: 16/11/2020
The Government has launched a new Green Jobs Taskforce to support the creation of 2 million skilled jobs to “build back greener” and reach net-zero emissions by 2050.
Posted: 13/11/2020
A new advisory group has been formed that will establish a set of principles for financing in the sustainable recovery.
Posted: 13/11/2020
Sky News has reported that Boris Johnson has stated that there is “no time to waste” in dealing with climate change as the Prime Minister stats to consider a post-COVID economy, the forth coming COP 26 summit and a widely predicted earlier ban on new internal combustion engine vehicles.
Posted: 12/11/2020
The European Marine Energy Centre (EMEC) will deploy an Invinity Energy Systems 1.8 MWh flow battery at its tidal energy test site in Scotland in a world-first project to combine flow battery technology with tidal power to produce continuous green hydrogen.
Posted: 12/11/2020
Fiat Chrysler Automobiles (FCA) and Engie EPS have formed a joint venture (JV) that will offer a full a suite of charging infrastructure and green energy packages for electric vehicle customers across Europe.
Posted: 12/11/2020
The UK SMR consortium, led by Rolls-Royce, has announced plans for a fleet of 16 small modular reactor (SMR) power stations to be built over the next 20 years.
Posted: 12/11/2020
Over 10,000 companies, cities, states and regions have reported data through CDP on climate change, water security and deforestation in 2020. This is a significant increase in the number of corporates disclosing, with 9,617 companies, worth over 50 per cent of global market capitalisation, disclosed their environmental data through CDP this year.
Posted: 12/11/2020
HSBC and Young Money have launched Money Heroes, a financial education programme centred around an innovative online platform designed to help teachers and parents collaborate on the delivery of meaningful and fun home and school learning.
Posted: 11/11/2020
The LEVC (London Electric Vehicle Company) has agreed a set of new finance products in partnership with Santander to help boost its commercial vehicle sales in Germany.
Posted: 11/11/2020
The Taskforce on Scaling Voluntary Carbon Markets has published its initial recommendations in a public consultation document, stating that the market must grow 15-fold by 2030 to enable companies and organisations to meet goals set under the Paris climate agreement.
Posted: 11/11/2020
Renewable power has grown significantly this year, as oil, gas and coal use have declined over he pandemic, according to a report from the International Energy Agency (IEA).
Posted: 10/11/2020
Ørsted and BP have signed a letter of intent to work together to develop a ‎project for industrial-scale production of green hydrogen.
Posted: 10/11/2020
The Government will issue its first green bonds in 2021 to help fund climate protection and aid the recovery from the pandemic.
Posted: 10/11/2020
A coalition of nine financial institutions representing €1.8tr in assets under management is asking companies to take action to end deforestation in their supply chains, as well as to enhance supply chain traceability.
Posted: 11/09/2020
The Association of Member Nominated Trustees (AMNT) has urged trustees to develop effective ESG policies and use them to hold fund managers in pooled fund arrangements to account.
Posted: 11/09/2020
In the search of clean safe energy a major milestone in fusion energy has been reached with the latest fusion research machine, the Mega Amp Spherical Tokamak (MAST) Upgrade achieving ‘first plasma’, meaning that it is able to generate a mass of electrically-charged gas plasma in its core. Fusion, offers the potential of an abundant, low-carbon electricity supply.
Posted: 09/11/2020
The Ellen MacArthur Foundation has released its second Global Commitment progress report showing that the group, that includes such companies as ASOS, M&S, Super dry and Unilever, has made progress in their first year after signing the Global Commitment, but a substantial acceleration of progress will be needed in the coming years to achieve the 2025 targets.
Posted: 06/11/2020
Spanish multinational electric utility Iberdrola, the world’s third biggest and owner of Scottish Power, will invest €75bn over the next five years to increase its renewable energy capacity as it moves away from fossil fuels.
Posted: 06/11/2020
GSK has announced a new environmental sustainability goals for both climate and nature, aiming to have a net-zero impact on climate and a net positive impact on nature by 2030.
Posted: 05/11/2020
Responsible investment funds saw net retail sales of £7.1bn for the year-to-date, leaping from £1.9bn for the first three quarters of 2019.
Posted: 05/11/2020
Green businesses could benefit from £134m investment from the Government, as it seeks to protect innovative businesses during the pandemic and build upon them for a ‘green’ recovery.
Posted: 04/11/2020
Barclays has announced a new three-year partnership with Samaritans, as a part of Barclays’ £100m Covid-19 Community Aid Package, which the bank launched in April in response to the pandemic.
Posted: 03/11/2020
A Schroders Institutional Investor Study has revealed that a clearer sustainability terminology is the major concern of investors who are cautious of “greenwashers”.
Posted: 03/11/2020
The Competition and Markets Authority (CMA) will investigate descriptions and labels used to promote products and services claiming to be ‘eco-friendly’, and whether they could mislead consumers.
Posted: 03/11/2020
A new coalition of private sector, public sector and civil society representatives, including Arcadis, Electrolux, Engie, Kohler, Procter & Gamble, and Suez and assembled under the name of the 50L Home Coalition.
Posted: 02/11/2020
BlackRock has called for a set of global ESG standards to replace the various ESG standards and terminology currently used by the investment community.
Posted: 02/11/2020
The Volvo Group and Daimler Truck have signed binding agreement to develop and produce fuel-cell systems for use in heavy-duty trucks.
Posted: 02/11/2020
Barclays has announced that it successfully closed a £400m green bond issue (the 2020 Green Bond), the second bond it has issued with a specific intention to support climate-related products and initiatives. The 2020 Green Bond, which matures in 2026, attracted strong institutional investor interest with orders amounting to more than £2bn (an oversubscription of five times). It will offer a yield of 1.7 per cent.
Posted: 30/10/2020
The Scottish Government has set a new target for offshore wind capacity of 11GW by 2030, supporting the delivery of Scotland’s 2017 Energy Strategy and the decarbonisation of heat and transport and has been agreed following an extensive consultation with industry, stakeholders, coastal communities and environmental organisations.
Posted: 30/10/2020
The Rockefeller Foundation is committing $1bn over the next three years to help stimulate an ‘inclusive, green recovery’ from the pandemic.
Posted: 30/10/2020
Research across 27 markets has found that trust in how companies communicate their sustainability performance has increased to 51 per cent this year, but with significant variations by country.
Posted: 30/10/2020
The UK has created a set of ESG standards for fund managers, officially recognised by the Government.
Posted: 29/10/2020
The World Business Council for Sustainable Development (WBCSD) has tightened its rules of its membership, meaning that new and existing members will need to have set an ambition to reach net zero no later than 2050 and have a science-informed plan to achieve it.
Posted: 28/10/2020
South Korea has pledged a pathway to carbon neutrality, with President Moon Jae-in seeking net-zero emissions by 2050.
Posted: 28/10/2020
The global green bond market is set to grow to €1tr by the end of 2021 and €2tr by the end of 2023, according to NN Investment Partners (NN). However, the credentials of green bonds can be misleading with around 15 per cent of issues are from companies involved in controversial practices that contravene environmental standards.
Posted: 28/10/2020
CambridgeHOK has signed an agreement with Protium Green Solutions to speed up the decarbonisation of the UK horticultural sector through the increased use of green hydrogen energy solutions.
Posted: 28/10/2020
Green energy investment will reach $11tr by 2050 as costs decline, with around half of all energy coming from renewables.
Posted: 28/10/2020
The total pipeline of global offshore wind projects has grown by 47 per cent since January - despite the pandemic.
Posted: 28/10/2020
The Toyota Fund for a Better Tomorrow has now created funding support of more than £1m, helping to improve the quality of life and the environment in communities across the UK.
Posted: 27/10/2020
Environmental management and consultancy company WSP will halve the carbon footprint of its designs and advice by 2030 and deliver net-zero emissions in its own operations by 2025 in the UK.
Posted: 27/10/2020
BP, Eni, Equinor, National Grid, Shell and Total have formed a new partnership to develop ‎offshore carbon dioxide transport and storage infrastructure in the North Sea.
Posted: 26/10/2020
Triodos Bank has released new research showing that the COVID-19 pandemic is driving growth in ethical investments, estimating that £22bn could be invested in a green and fair recovery.

The latest annual Impact Investing Survey has found that awareness of ethical investing is significantly higher than in any other year since the survey began and that COVID-19 is motivating over a fifth of investors (22 per cent) to explore investing in ethical funds.
Posted: 22/10/2020
SEGRO has launched the fourth funding round of its Centenary Fund, which this year has focused on supporting existing and new projects providing support to vulnerable members of the community who have been impacted by coronavirus. The industrial space and warehousing firm’s £10 million fund was launched ahead of schedule to help those needing urgent support amid the pandemic.
Posted: 2020-10-22
This week sees the launch of a series of refill initiatives at Unilever, as part of the company's commitment to halving its use of virgin plastic by reducing its absolute use and ensuring it is all fully reusable, recyclable or compostable by 2025.
Posted: 21/10/2020
Executive pension contributions are being pushed into line with those of the workforce following calls from shareholders as an issue of fairness and to foster good employee relations.
Posted: 20/10/2020
National Grid’s fourth interconnector, IFA2, will provide enough clean energy to power one million British homes, adding to a portfolio of interconnectors that will provide enough zero-carbon energy to power eight million homes a year by 2030.
Posted: 15/10/2020
Blackrock has invested $118m in UK commercial electric vehicle maker Arrival, valuing the company at $3bn.
Posted: 15/10/2020
The Big Exchange has been heralded as the UK’s first actively-managed social, environmental and impact investment platform, co-founded by The Big Issue and a coalition of finance partners.
Posted: 15/10/2020
Partnerships between leading companies and NGOs are deeper, longer-term, more sophisticated, and are proving more effective in addressing the big challenges facing society, according to a survey of practitioners.
Posted: 14/10/2020
Legal and General Investment Management (LGIM), the UK’s biggest asset manager, will warn 500 companies that they must do more to tackle climate change as it expands its Climate Impact Pledge.
Posted: 14/10/2020
Thirty of the world’s largest investors with $5tr in assets under management have collectively agreed on concrete portfolio decarbonisation targets that follow the Intergovernmental Panel on Climate Change (IPCC) 1.5 C scenario for the next five years.
Posted: 13/10/2020
Students from IBM’s Extreme Blue internship programme have developed a prototype system to improve product traceability and provide consumers with deeper insights into a product’s lifecycle.
Posted: 13/10/2020
IEA’s World Energy Outlook 2020 (WEO-2020) focuses on the pivotal period of the next decade and provides the latest IEA analysis of the COVID-19 pandemic’s impact.
Posted: 13/10/2020
Direct Line Group announced a Community Fund in April this year, designating £3.5m to provide immediate support to people in need throughout the UK. As part of that fund, Direct Line Group has announced donations of £100,000 to Mind’s Infoline and £150,000 to the charity’s emergency fund.
Posted: 12/10/2020
Climate Change is depressing, but it could be even worse, and the economic effects are being underestimating by trillions of dollars, according to a new study co-authored by scientists from the University of Warwick.
Posted: 12/10/2020
HSBC is committing to align its financed emissions – the carbon emissions of its portfolio of customers – to the Paris Agreement goal to achieve net-zero by 2050 or sooner.
Posted: 12/10/2020
Plans to make the Square Mile net-zero by 2040 have been revealed by the City of London Corporation as it unveils its Climate Action Strategy.
Posted: 09/10/2020
BT’s £55bn pension scheme and the £9bn South Yorkshire Pension Fund have together added nearly half a million more pensions to a net-zero commitment for their investments.
Posted: 9/10/2020
ING has published its second progress report on Terra, ING’s approach to steer its €600bn lending book in line with the well-below two-degree climate goal of the Paris Agreement.
Posted: 08/10/2020
Green bond issuance has passed the $1 trillion mark, with the milestone being reached in only thirteen years since the market’s inception in 2007.
Posted: 08/10/2020
The European Parliament has endorsed the proposed stricter 2030 emissions-reduction target that would see a reduction of 60 per cent from 1990 levels, creating pressure on the EU to regulate for the target and pushing carbon credits to a new high.
Posted: 07/10/2020
JPMorgan Chase has said that it will align to the goals of the Paris Agreement and as a part of its strategy intends to help clients’ transition to a low-carbon world.
Posted: 07/10/2020
Royal London has joined forces with national poverty charity, Turn2us, for a social impact partnership. The collaboration will focus on helping people prevent a life shock from becoming a crisis.
Posted: 07/10/2020
Virgin Money and Mencap’s Charity of the Year partnership has raised over £440,000 and help raise awareness of learning disabilities despite the majority od efforts being over the pandemic period.
Posted: 07/10/2020
Boris Johnson’s virtual speech at the Conservative Party Conference laid out the vision of a green COVID recovery, repeating and expanding on manifesto pledges and his UN summit address.
Posted: 06/10/2020
Over twenty organisations have sent an open letter to the Government calling for the finance industry not to be left out of a proposed new law to tackle the UK’s contribution to global deforestation.
Posted: 06/10/2020
iShares € Govt Bond Climate UCITS ETF which began trading on Deutsche Börse’s ETF venue, Xetra, on 5 October 2020 offers access to Eurozone government bonds that weigh up their climate risk.
Posted: 06/10/2020
Octopus Energy has announced that it will create a thousand jobs and build a new technology, data science and AI centre in Manchester.
Posted: 05/10/2020
Aviva has set a new 2050 net-zero carbon emissions target for its own auto-enrolment default pension funds.
Posted: 05/10/2020
Liz Kendall, a Labour shadow minister and MP for Leicester West has written to several institutional investors asking them to remove the Boohoo CEO and chair.
Posted: 05/10/2020
Science-based target validation has been introduced to help financial organisations align their lending and investments with the Paris Agreement, with 55 institutions already committed, including Standard Chartered.
Posted: 02/10/2020
The CBI is calling for greater ethnic spread across UK plc boards, launching a new campaign to increase racial and ethnic participation in senior leadership.
Posted: 02/10/2020
Petitions representing 300,000 people has been handed to Nestlé protesting its decision to end sourcing cocoa and sugar on Fairtrade terms.
Posted: 02/10/2020
A year ago, 235 investors called for action from companies to halt deforestation in the Amazon, yet a year later just 33 of them have introduced zero-deforestation policies of their own.
Posted: 02/10/2020
The University of Cambridge will divest from all direct and indirect investments in fossil fuels by 2030 as part of the University’s plan to cut its greenhouse gas emissions to zero by 2038. The £3.5bn Cambridge University Endowment Fund will also increase its investment in renewable energy as more funds seek a green dividend and a cleaner conscience.
Posted: 01/10/2020
Willmott Dixon is aiming to make all new build and refurbishment projects delivered from 2030 net-zero carbon under a new 2030 sustainable development strategy.
Posted: 30/09/2020
Current approaches to carbon offsetting are unlikely to deliver results needed to achieve global climate goals and it is necessary to define a new set of principles according to a study by Oxford University.
Posted: 30/09/2020
Governments and regulators should urgently work together to improve the data used for ESG investing, according to a new OECD report.
Posted: 30/09/2020
Social and Sustainable Capital (SASC) has acquired Leapfrog Bridge Finance (LBF), the finance arm of low carbon innovator, Pure Leapfrog.
Posted: 29/09/2020
Octopus Energy has moved into the US energy market with the acquisition of Silicon Valley-based Evolve Energy.
Posted: 29/09/2020
The Singaporean-domiciled oil trading company Trafigura is the latest oil concern to start investing in renewables with a bid to acquire or create 2GW green energy and storage.
Posted: 28/09/2020
SSE Renewables and RWE Renewables have joined forces to develop an extension adjacent to the operational 504MW Greater Gabbard Offshore Wind Farm, located more than 20Km off the UK coast in the southern North Sea.
Posted: 28/09/2020
Volvo Cars has announced its Green Finance Framework, a defined structure that will allow the company to fund its climate plan and electrification strategy by issuing green bonds or obtaining green loans.
Posted: 25/09/2020
During the UN General Assembly, Boris Johnson has been highlighting the need for greater ambition in climate recovery and the role of wind energy in a virtual roundtable.
Posted: 25/09/2020
Certified As Recyclable is a new certification from OPRL that is tasked with removing greenwash and misleading labelling from recyclable goods. The scheme will provide thoroughly evaluated and tested recyclability assessments and will initially be available for rigid and flexible plastic packaging in partnership with RECOUP. The scheme will be extended across all packaging materials in future.
Posted: 24/09/2020
Amazon has launched its Climate Pledge Friendly programme, which identifies sustainable products on the internet retailing site.
Posted: 24/09/2020
EcoAct has published its annual Sustainability Reporting Performance Report, building on a decade of examining how some of the largest companies in the world are acting and reporting on climate change. Starting out as Carbon Clear, then as part of EcoAct – now a part of Atos – the highest performing companies across the CAC 40, Dow 30, FTSE 100 and IBEX 35 have been reviewed and analysed, then ranked.
Posted: 23/09/2020
European asset managers are leading the world in ESG product availability, thought leadership and brand positioning, according to new research by Kurtosys Systems.
Posted: 23/09/2020
China hasn’t the greatest reputation when it comes to carbon emissions, but in a surprise move has pledged to cut its carbon dioxide emissions to nearly zero by 2060.
Posted: 23/09/2020
The Government needs to support the development of green hydrogen, generated using renewable electricity, as a cheap energy source for the future.
Posted: 23/09/2020
The ‘Big Four’ accounting firms have revealed a joint set of accounting standards under the World Economic Form.
Posted: 22/09/2020
New Zealand has made climate reporting a legal requirement for all large financial organisations. The first country in the world to make such a step, it will now be mandatory for banks, asset managers and insurers to compile and disclose their climate related impact.
Posted: 22/09/2020
Burberry is launching what it describes as the “first sustainability labelled bond issued by a luxury fashion company” with an issuance valued at £300m.
Posted: 22/09/2020
Morgan Stanley is committing to reach net-zero financed emissions by 2050. The company has acknowledged that the current lack of standardised tools and methodologies around measuring and disclosing financed emissions is still a major issue but will attempt to work with clients toward net-zero.
Posted: 22/09/2020
Like the phoenix arising from ashes, some good has come from bad as the Canadian government is putting money raised from fining VW for its emissions disaster into a climate fund.
Posted: 21/09/2020
Most of the UK workforce want to volunteer their professional skills to charities – and their employers could benefit significantly from making it easier to do so.
Posted: 18/09/2020
A new report investigates industry tactics regarding plastic pollution crisis and growing public pressure to address it.
Posted: 17/09/2020
The European Parliament has voted put an end to the loopholes that it conceded to carmakers managed following the ‘Dieselgate’ scandal.
Posted: 17/09/2020
Retailer Iceland has joined forces with Friends of the Earth, Greenpeace, A Plastic Planet and Surfers Against Sewage to call for businesses to commit to enhanced transparency in reporting on plastic consumption and tighter enforcement of mandatory reporting on plastic packaging and plastic pollution reduction targets.
Posted: 17/09/2020
A global coalition of 60 climate and rights groups, led by Rainforest Action Network (RAN) and including Friends of the Earth, Greenpeace, the Sierra Club and Urgewald, has issued a set of principles for finance companies attempting to truly align the climate impact of their business practices with the Paris Agreement in the run up to COP26.
Posted: 17/09/2020
Despite progress in several areas, none of the UN’s biodiversity targets have been attained.
Posted: 16/09/2020
Google has eliminated its entire carbon legacy (covering all its operational emissions before the company became carbon neutral in 2007) through the purchase of high-quality carbon offsets, CEO Sundar Pichai (pictured) has announced.
Posted: 15/09/2020
The group Climate Action 100+ has sent a letter sent to CEOs and chairs from 161 global companies calling for the firms to commit to net-zero business strategies or face pressure at their AGMs.
Posted: 15/09/2020
BP has continued its new strategy to reshape its business, or as the company describes it “pivots” way from being an international oil to a wider energy company with a deal with Microsoft.
Posted: 15/09/2020
FTSE Russell has launched its enhanced Green Revenues 2.0 Data Model, which measures the green revenue exposure of more than 16,000 listed companies across 48 developed and emerging markets. This represents 98.5 per cent of the total global market value of listed companies.
Posted: 15/09/2020
Loop Industries and SUEZ will build the largest recycling facility in in the world, dedicated to the production of food grade fully recycled and infinitely recyclable plastic.
Posted: 14/09/2020
A fifth of carbon dioxide emissions come from multinational companies’ global supply chains, according to a new study led by UCL and Tianjin University.
Posted: 14/09/2020
Jean-Sébastien Jacques, Rio Tinto’s CEO, is quitting in the wake of criticism of the destruction of Aboriginal sites.
Posted: 14/09/2020
Over the last few years, as Green investment entered the mainstream, the idea of Blue Investing has been gaining strength, with several funds launched to protect and invest in the oceans.
Posted: 11/09/2020
The first UK-wide citizens’ assembly on climate change has published its final report, setting out a clear path for how the UK can reach its legally binding target of net-zero emissions by 2050.
Posted: 11/09/2020
Martin Winterkorn, the head of VW at the time of the emissions scandal, will stand trial in Germany.
Posted: 11/09/2020
A major effort to develop and deploy clean energy technologies worldwide is urgently needed to meet international energy and climate goals, particularly in order to reduce carbon emissions from areas beyond the power sector such as transport, buildings and industry, according to a new International Energy Agency (IEA) report.
Posted: 11/09/2020
When it comes to diversity there is something of a diversity of opinion. Nearly half of the surveyed UK workforce (46 per cent) think their employer could do more, leaving a small majority of 54 per cent content.
Posted: 11/09/2020
L’Oréal brand Maybelline, in partnership with TerraCycle, has created a free recycling programme for all brands of empty makeup packaging.
Posted: 10/09/2020
The University of Oxford and Lombard Odier have created a strategic partnership on sustainable investment that will see the first endowed professorship of sustainable finance at any major global research university.
Posted: 10/09/2020
BP has entered the offshore wind market through partnership in the US with Equinor, the new name of Norwegian oil company Statoil.
Posted: 10/09/2020
A new database reveals which countries are abiding by pollution agreements, with Italy emerging as the most transparent country, and Germany coming bottom of the league.
Posted: 09/09/2020
Major loopholes in hundreds of financial institutions' coal policies have been revealed by Reclaim Finance, in partnership with 16 other NGOs, using a new online tool to identify, assess, and compare the policies adopted worldwide to restrict or end financial services to the coal sector.
Posted: 09/09/2020
Uber will provide at least half of its rides in emissions-free vehicles across seven European capitals by 2025 and aim for being fully emissions free the company has announced. The world’s largest mobility platform pledged to clean up its act in Amsterdam, Berlin, Brussels, Lisbon, London, Madrid and Paris in response to the #TrueCostOfUber campaign, which urged it to ditch dirty vehicles and replace them with electric cars.
Posted: 09/09/2020
The International Organization of Securities Commissions (Iosco), the umbrella body for securities regulators, is seeking to harmonise rules governing how companies disclose sustainability risks in the face of increasing pressure from investors for transparency compatible measures.
Posted: 08/09/2020
Hybrit Development is taking a step toward cleaner steelmaking with the start-up of a pilot plant for the production of fossil-free sponge iron. The company jointly owned and founded by the steel manufacturer SSAB, the mining company LKAB and the energy company Vattenfall, is hoping to form a template for a new generation of steel production.
Posted: 08/09/2020
UK consumers are confused by electric vehicle technology and many potential customers are being put off making a purchase according to new research commissioned by Ford.
Posted: 08/09/2020
Hubbub has launched a manifesto of policies seeking to ensure that the UK makes a sustainable recovery from COVID-19. 
Posted: 08/09/2020
Tesco and Hubbub are collaborating on the No Time for Waste Challenge, seeking to reduce the 6.6 million tonnes of food wasted by UK households every year.
Posted: 07/09/2020
Ingka Group, the owners of IKEA, will accelerate its investments to reach the IKEA goal of being climate positive by 2030, committing €600m more into companies, solutions and its own operations to enable the transition to a net-zero carbon economy. This increases its overall investments into sustainability to €3.8bn.
Posted: 04/09/2020
A new open data and analytics initiative is aiming to model better risk management and boost financing for climate solutions.
Posted: 04/09/2020
The first Volta Zero, the world’s first purpose-built full-electric 16-tonne commercial vehicle with a centrally low-mounted seat giving the driver 220 degrees of visibility to optimise pedestrian and cyclist safety, has been delivered.
Posted: 04/09/2020
A new database reveals that global banks have enabled $154 billion in loans and underwriting into the production and trade of commodities driving deforestation and land degradation since 2015.
Posted: 03/09/2020
The German government is issuing green bonds under a new concept of ‘twin’ bonds to avoid negative effects of illiquidity. It also makes it easier for there to be a natural diversification between conventional and green bond investors.
Posted: 03/09/2020
A majority of the UK’s largest investors have become more active when voting on remuneration, with M&G, Aviva and LGIM opposing at least a quarter of remuneration reports in the first half of 2020.
Posted: 02/09/2020
Unilever has announced it will source all of the carbon derived from fossil fuels in its cleaning and laundry product formulations with renewable or recycled carbon.
Posted: 02/09/2020
The LEGO Group has joined the Ellen MacArthur Foundation in a three year membership that will focus on four key areas; working with the Foundation’s network of businesses, experts and policymakers to accelerate the transition to a circular economy, inspiring circular design across the toy industry and beyond, expanding the circular services and products the LEGO Group offers, and teaching children about the circular economy through play.
Posted: 02/09/2020
The International Energy Agency (IEA) has published its Key World Energy Statistics (KWES) 2020, making sobering reading on the way in which the world is currently creating energy.
Posted: 02/09/2020
Oxfordshire-based Saietta has revealed plans to build a new sustainable plant powered by solar panels.
Posted: 01/09/2020
The Government plans to protect rainforests and ensure more sustainable supply chains as it consults on a new law to clean up the UK’s supply chains.
Posted: 01/09/2020
Mark Carney, the ex-Governor of the Bank of England, has joined Brookfield Asset Management as its head of ESG and impact fund investing.
Posted: 01/09/2020
New data analysis reveals that the carbon emissions resulting from six key consumer spending categories fell by almost a third during the national lockdown, with year-on-year emissions remaining much lower than in 2019.
Posted: 28/08/2020
Norway’s Storebrand Asset Management has made sweeping divestments, cutting loose over two dozen listed companies under a new climate change policy including BASF.
Posted: 25/08/2020
Dixons Carphone has become the first technology retailer to join the EV100 initiative, committing to switch its commercial fleet to electric and alternative fuel vehicles by 2030.
Posted: 25/08/2020
Norwegian energy company Equinor (formerly Statoil) has signed Agreements for Lease (AfL) with The Crown Estate for two offshore wind farm extensions in the UK.
Posted: 25/08/2020
German energy company RWE, the third-largest renewables player in Europe, has set put it vision of increasing its 25GW pipeline of renewables projects following its share sale that raised €2bn of funds.
Posted: 24/08/2020
Cazenove, part of Schroders, has won the long-running “ESG investing Olympics” against 58 other contenders.
Posted: 24/08/2020
Internationally, alongside other developed countries, the UK has committed to jointly mobilise $100bn per year in climate finance to developing countries from public and private sources. This was instrumental in securing the landmark Paris Agreement. As part of this the UK alone has now provided £5.8bn of International Climate Finance (ICF) between 2016 and 2020.
Posted: 21/08/2020
Climate protesters held a demonstration outside Samsung’s flagship store on Oxford Street over its plans to build the controversial Vung Ang 2 coal plant in Vietnam.
Posted: 21/05/2020
Recycling and upcycling aluminium waste from drinks cans, bottle tops and end-of-life vehicles could reduce carbon emissions by up to a quarter.
Posted: 21/08/2020
The Charitable Foundation at St. James’s Place has reached the £100m mark for monies raised through fundraising and corporate matching.
Posted: 20/08/2020
Electrification of 7,500km of the UK’s major road network would enable most lorries to be powered by overhead charging cables, resulting in dramatically reduced carbon emissions, a new report has found.
Posted: 19/08/2020
Zero and ultra-low emission cars (including plug-in hybrids and battery electric vehicles) continued to make inroads at nine per cent of all new car sales July.
Posted: 18/08/2020
Selfridges has launched a new sustainability initiative, Project Earth, with the aim of transforming the way we shop by 2025.
Posted: 17/08/2020
Bloomberg has joined the ESG scoring arena, with its own propriety ESG scores, offering environmental and social (ES) scores for 252 companies in the oil and gas sector, and board composition scores for more than 4,300 companies across multiple industries.
Posted: 14/08/2020
Amazon Prime Video and Amazon Studios has announced a $6m commitment to support the European TV and film production creative community through the COVID-19 pandemic, with Caroline Dinenage, UK Minister for Digital and Culture (pictured) praising the action.
Posted: 13/08/2020
Twenty-one charities across the UK will share a £1.2m funding pot from the ScottishPower Foundation, which champions benevolent work in local communities throughout the UK. Among the recipients of the funding this year is the Dynamic Earth Charitable Trust in Edinburgh (pictured), which has been awarded £86,500 towards the creation of a new, state-of-the-art planetarium that will transport audiences through the history of the universe.
Posted: 12/08/2020
Morningstar has reported that flows into ESG funds have rebounded strongly after the coronavirus pandemic, more than doubling to $54.6bn over the second quarter of 2020.
Posted: 12/08/2020
Most corporates in the past were deaf to social issues, it really wasn’t their ‘thing’ but the welcome rise of ESG awareness up the corporate ladder has led to an interesting dilemma.
Posted: 12/08/2020
New research carried out for the National Infrastructure Commission (NIC) underlines the sharp falls in the cost of renewable generation and suggests that Britain should aim for renewables to meet two-thirds of electricity needs by 2030 - and that this can be delivered at the same overall cost as meeting only half of total demand by that date.
Posted: 12/08/2020
CEOs from 27 of the largest employers in the New York area are launching the New York Jobs CEO Council to collaborate with educational institutions, community organisations and non-profits to hire skilled workers with a focus on low-income and Black, Latinx and Asian communities.
Posted: 11/08/2020
Drinks maker Diageo has cut its greenhouse gas emissions from direct operations in half, and reduced emissions by over a third (33.7 per cent) across its total value chain.
Posted: 11/08/2020
Bedfordshire-based Clayhill solar farm, the UK’s first solar farm built free from government subsidy, has been acquired by Gridserve to supply its Electric Forecourt in Braintree (construction pictured).
Posted: 11/08/2020
Bank Track’s research into Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in two-thirds (65 per cent) of cases.
Posted: 11/08/2020
Veolia has become the first company to join the On-Pack Recycling Label (OPRL) programme under the recently introduced waste management company membership category.
Posted: 11/08/2020
E.ON and Nissan have successfully deployed 20 vehicle-to-grid (V2G) chargers as part of a trial to demonstrate how electric vans and cars could play a role in supporting the UK grid and provide a profitable and sustainable solution for business fleets.
Posted: 10/08/2020
ITV has announced its intention to reduce its carbon emissions by 46 per cent by 2030, in line with a 1.5C science-based emissions scenario.
Posted: 10/08/2020
Microsoft has set a goal to achieve zero waste from its direct operations, products and packaging by 2030, and in a worldwide first have deployed hydrogen fuel cells to power its servers for 48 consecutive hours.
Posted: 07/08/2020
A blueprint for investors to maximise the contribution they make in tackling climate change and achieving net-zero emissions globally by 2050 has been developed with global investors representing more than $16tr in assets, through the Institutional Investors Group on Climate Change (IIGCC).
Posted: 06/08/2020
Google owner Alphabet is making a $10bn debt offering, issuing $5.75bn in sustainability bonds, making this the largest sustainability or green bond by any company so far.
Posted: 05/08/2020
After setting a goal for being net-zero company by 2050 in February, amidst bad results and investor pressure, BP has announced that it will be adopting a new more ambitious strategy to “reshape” the company away from being an international oil company focused on producing resources to an integrated energy.
Posted: 05/08/2020
The Energy Networks Association’s (ENA) Open Networks Project has been published for consultation, seeking to further drive standardisation in local UK energy markets.
Posted: 04/08/2020
The Partnership for Carbon Accounting Financials (PCAF) has announced that Bank of America has joined its initiative. Bank of America is the largest and most diversified global financial institution to participate in this collaboration and follows other new members NatWest (RBS) and Morgan Stanley.
Posted: 03/08/2020
The first global standard for financial institutions to measure and track the climate impact of their lending and investment portfolios has been released by the Partnership for Carbon Accounting Financials (PCAF).
Posted: 04/08/2020
Some hedge funds invest in socially responsible companies to change their focus to maximising value for short-term shareholders.
Posted: 03/08/2020
Following a successful trial, John Lewis is rolling out a new supplier engagement programme called Better Jobs to all of its 120 UK manufacturing suppliers.
Posted: 03/08/2020
The first floating wind farm is now operational. WindFloat Atlantic is now supplying energy to Portugal's electrical grid following the connection of the last of the three platforms to the 20 km export cable connecting the wind farm to the substation at Viana do Castelo.
Posted: 31/07/2020
Property developer Landsec is progressing plans for the UK’s first net-zero commercial building. Previously known as 105 Sumner St, the Forge will be a 139,000 sq ft office development in Southwark set behind Tate Modern and will be constructed and operated in line with the UK Green Building Council’s (UKGBC) net-zero carbon buildings framework and associated energy performance targets.
Posted: 31/07/2020
Credit Suisse is to provide at least $328bn in sustainable financing over the next decade, in the latest announcement by global banks on ESG financing.
Posted: 31/07/2020
Germany’s largest private sector bank has announced a new policy for fossil fuel investment and a new criteria for classifying ESG financing.
Posted: 31/07/2020
Shell and Total have released their latest results, with combined total writedowns of almost $25bn.
Posted: 30/07/2020
Citi has announced a five-year 2025 sustainable progress strategy to help accelerate the transition to a low-carbon economy, including a $250bn environmental finance goal to facilitate climate solutions globally. This builds on Citi’s previous $100bn goal announced in 2015 and completed last year, more than four years ahead of schedule.
Posted: 30/07/2020
The latest report on energy generation in the UK reveals a record-breaking contribution by renewables throughout 2019, with over a third of electrical energy coming from green sources.
Posted: 30/07/2020
Waitrose and John Lewis will significantly increase the use of electric vans as it phases out the use of fossil fuels across its entire transport fleet by 2030.
Posted: 29/07/2020
“No-one wants to save throughout their life to retire into a world devastated by climate change.” Mark Fawcett, chief investment officer Nest.
Posted: 29/07/2020
National Grid ESO has predicted that reaching net-zero carbon emissions from the power sector is possible by as early as 2033, but immediate action across areas will be needed to achieve this goal and net-zero as a country by 2050.
Posted: 28/07/2020
Nearly all institutional investors (98 per cent) evaluate nonfinancial performance based on corporate disclosures, and three-quarters look for robustness of an organisation’s planning for climate risks.
Posted: 27/07/2020
A group of 24 mayors and local leaders, representing 25 million people across the country have come together to form UK100’s new Resilient Recovery Taskforce. The Taskforce calls on the Chancellor and Prime Minister to commit to a New Deal for Green Skills and Growth, alongside a major push on infrastructure investment, public transport and retrofitting homes.
Posted: 27/07/2020
Combining both sustainable products and sustainable companies, Refinitiv has launched its Sustainable Finance League Tables, measuring new sustainable capital use and ranking the investment banks underwriting such activity.
Posted: 27/07/2020
Atos is to acquire EcoAct, the carbon reduction strategy consulting firm. The acquisition will in part support Atos’ decarbonisation solutions, services and strategies.
Posted: 27/07/2020
A new five-year collaboration to deliver next generation energy technologies and accelerate the UK’s transition to a net-zero has been formed. The Energy Transition Alliance (ETA), has been created by The Oil & Gas Technology Centre (OGTC) and the Offshore Renewable Energy (ORE) Catapult, and will collaborate with the energy industry to drive a focused, funded programme of advanced technologies, including the next generation of hydrogen production and floating offshore wind.
Posted: 24/07/2020
What is claimed to be the first current account designed for climate action has been launched. The account features a carbon tracking tool, biodegradable card, and will donate 1 per cent of account revenues to environmental non-profit partners.
Posted: 24/07/2020
The Task Force on Nature-related Financial Disclosures (TNFD) has officially formed its Informal Working Group, a milestone along the road to creating a flobal framework for measuring and reporting on financial risks posed by nature, biodiversity and habitat degradation.
Posted: 23/07/2020
Federated Hermes has appointed two new hires to its Impact Opportunities team as client demand for sustainable investment solutions continues to grow. Reporting to Ingrid Kukuljan, head of impact investing, Amélie Thévenet and Jordan Patel will be joining the firm’s London office in September and July respectively.
Posted: 23/07/2020
A four-year investor engagement with 25 giant food retailers and manufacturers, led by the FAIRR investor network, has found that two in five global food giants, including Tesco and Unilever, with combined annual revenues of $459bn now have dedicated teams to develop and sell plant-based alternatives to meat and dairy.
Posted: 23/07/2020
The Cathay Pacific is set to reduce its single-use plastic (SUP) footprint by half by the end of 2022, removing nearly 200 million pieces of SUP from operations annually and is committed to buying 1.1 million tonnes of sustainable aviation fuel over the next decade.
Posted: 23/07/2020
Boris Johnson has announced £350m is being made available to fund cut emissions in heavy industry and drive economic recovery.
Posted: 22/07/2020
Barclays, Handelsbanken, Triodos, Ecology Building Society and Tide have all committed to providing financial support to the NetZero economy.
Posted: 22/07/2020
BNP Paribas published its financing policy for mining companies and operators of coal-related infrastructure online, which goes further than the one published three weeks ago regarding coal-based electricity producers by excluding companies based on strictly defined criteria.
Posted: 22/07/2020
A new report points to bravery and a willingness to reject the status quo as vital strategies that leaders will need to respond to the combined pressures of the global pandemic and the climate emergency.
Posted: 22/07/2020
EU leaders have struck a deal on its recovery package, striking a deal between the more cautious Northern countries and those Southern Members more severely affected.
Posted: 21/07/2020
Already carbon neutral in its corporate emissions worldwide, the company plans to make its entire business, manufacturing supply chain, and product life cycle carbon neutral by 2030.
Posted: 21/07/2020
Vodafone will be running its European network on 100 per cent renewable electricity by July 2021, a target that is four years earlier than previously set.
Posted: 21/07/2020
Morgan Stanley has become the first US-based global bank to join the Partnership for Carbon Accounting Financials (PCAF) and its steering committee as part of a commitment to measuring and disclosing its approach to climate change risk and opportunity.
Posted: 21/07/2020
Bloomberg has funded the additional distribution of one million meals around the world, building on founder Michael Bloomberg’s $6m in support for World Central Kitchen that supplied 1m meals to frontline workers at 16 New York City public hospital facilities.
Posted: 21/07/2020
The UK Sustainable Investment and Finance Association (UKSIF) has published an open letter to the Economic Secretary to the Treasury John Glen MP stating its, and its members, desire to align with the EU’s sustainable finance reforms regardless of the outcome of EU exit.
Posted: 20/07/2020
The Chartered Insurance Institute (CII) has revealed how it will work with the International Association for Sustainable Economy (IASE) to create ESG qualifications.
Posted: 20/07/2020
A study from cloud management company Ivalua reveals that 60 per cent of UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic.
Posted: 17/07/2020
Reuters is reporting that over a thousand green projects are vying for a share of the EU’s post-COVID recovery package.
Posted: 17/07/2020
Molton Brown has announced a new partnership with Loop to reduce waste and plastic use.
Posted: 17/07/2020
Britishvolt is to build its 30 GWh battery manufacturing plant, and supplementary 200MW solar plant, at a former RAF base at Bro Tathan, Vale of Glamorgan, South Wales.
Posted: 17/07/2020
Analysis by Thrive Renewables, an investment company, predicts that unlocking the potential of onshore renewables could deliver £28.9bn to the UK economy by 2035 and 45,000 new jobs.
Posted: 16/07/2020
US insurance start-up Lemonade doubled its share price upon its IPO debut, raising almost $320m, and valuing the company at more than $3bn at the time.
Posted: 16/07/2020
Banks are the still funding the European coal market. A new report by Europe Beyond Coal, of which ShareAction is a member, has found that European banks Unicredit, BNP Paribas, Barclays and Societe Generale have been keeping Europe’s top eight coal utilities afloat.
Posted: 16/07/2020
According to the latest figures, renewable energy capacity investment has had a surge despite the global pandemic.
Posted: 15/07/2020
Aldi has announced its commitment to reduce the volume of plastic packaging used by half by 2025. This new commitment will see the UK’s fifth-largest supermarket remove 74,000 tonnes of plastic packaging during the next five years, the equivalent to 2.2 billion single items of plastic.
Posted: 15/07/2020
German think-tank Agora Energiewende has cast suspicion on exactly how ‘green’ the EU’s much touted recovery budget will be.
Posted: 15/07/2020
The Government is to relax planning legislation to make it easier to construct large batteries to store renewable energy from solar and wind farms across the UK.
Posted: 15/07/2020
CDP has released a new dataset gives investors temperature ratings for 4,000 global companies, based on emission reduction targets covering all relevant GHG emissions in a company’s value chain.
Posted: 13/07/2020
The annual mean global temperature is likely to be at least 1C above pre-industrial levels (1850-1900) in each of the coming five years (2020-2024) and there is a 20 per cent chance that it will exceed 1.5C in at least one year, according to new climate predictions issued by the World Meteorological Organization (WMO).
Posted: 13/07/2020
Over 50 CEOs, policymakers, philanthropists, academics, and others have reaffirmed their commitment to building a circular economy, including representatives of the European Parliament, Arup Group, Barclays Bank, Nestlé, PepsiCo and Unilever.
Posted: 13/07/2020
Hitachi Rail and Hyperdrive Innovation have signed an exclusive agreement to develop battery packs to power zero-emission trains and create a battery hub in the North East.
Posted: 13/07/2020
The National Centre for Universities and Business has welcomed measures announced in chancellor Rishi Sunak's summer statement to help young people and encourage economic growth.
Posted: 10/07/2020
CNP Assurances has adopted a definitive plan to exit thermal coal in its investment portfolio by 2030 in the EU and OECD countries, and by 2040 in the rest of the world
Posted: 09/07/2020
A new temperature rating system has been launched to allow investors to track the carbon emissions of thousands of global companies.
Posted: 07/07/2020
The British Red Cross, the British Psychological Society and risk adviser, Marsh, have come together to provide expert support to people during and after a crisis. Born out of the tragic events of the Manchester Arena bombing, London Bridge terror attack and the Grenfell Tower fire in 2017, the new Psychosocial Reserve Volunteers group will support people affected by emergencies in the UK.
Posted: 2020-07-07
British and Swiss mathematicians and statisticians believe they have found a way of managing the risk of unethical bias in artificial intelligence systems. AI is increasingly being deployed in commercial situations. In insurance, for instance, while there may be legitimate reasons for using AI to set different prices for different people, but it may also be profitable to "game their psychology or willingness to shop around".
Posted: 06/07/2020
BNP Paribas will phase out coal power finance. In declaring a strategy to achieve zero exposure to coal-fired electricity by 2030 in EU and OECD countries, and by 2040 in all other countries, the company will stop financing companies that would add, in any way, new electricity production capacities to their coal-fired power plants, whether through purchasing, the expansion of existing plants or the construction of new ones.
Posted: 03/07/2020
Secretary of State for Business, Energy and Industrial Strategy Alok Sharma has been given consent to Vattenfall's 1.8GW Norfolk Vanguard project, comprising of between 90 and 180 turbines sitting 30 miles offshore.
Posted: 03/07/2020
Four years after selling off the Green Investment Bank, there have been calls for a new ‘Green Infrastructure Bank’.
Posted: 02/07/2020
The Financial Times’ Moral Money column has appraised ESG analysts in the light of the Wirecard collapse.
Posted: 02/07/2020
Moving a pension to a more sustainable fund is 27 times more effective in reducing your carbon footprint than not flying and becoming a vegan combined, according to the newly launched Make My Money Matter (MMMM) Campaign.
Posted: 02/07/2020
China’s green bond market has expanded rapidly quadrupling in size over four years from 2016-2019 and becoming the second largest green bond market globally, reaching $120bn of cumulative issuance according to data collection by CPI and the International Institute of Green Finance (IIGF).
Posted: 01/07/2020
The Financial Times is reporting that almost a third of the world’s biggest brands are likely to suspend spending on social media in light of the companies’ lax attitude to controlling hate speech.
Posted: 30/06/2020
Boris Johnson has revealed the Government’s vision of the road to post-COVID recovery. Referring to the US New Deal of the 1930s’ he noted that “this moment also gives us a much greater chance to be radical and to do things differently”.
Posted: 30/06/2020
Financial services companies need to understand their impact and dependency on nature and set targets to achieve international policy goals on biodiversity says new UN-backed report.
Posted: 30/06/2020
Germany currently has 84 active hydrogen filling stations, 121 per cent more than in the rest of Europe combined.
Posted: 29/06/2020
Amazon has donated $2bn to the Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to be net-zero carbon by 2040.
Posted: 29/06/2020
The Climate Financial Risk Forum (CFRF) has published a guidance to financial firms on an approach to address climate-related financial risks. The guide, the first of its kind, provides practical recommendations to firms of all sizes on disclosure of climate-related financial risks; effective risk management; scenario analysis, and opportunities for innovation in the interest of consumers.
Posted: 29/06/2020
The Lord Mayor’s Appeal’s City Giving Day 2020, taking place in September, has adapted to the issue of COVID-19, and this year businesses and employees are encouraged to think about how they can run activities online and using digital platforms.
Posted: 29/06/2020
The transition to a net-zero carbon economy is imperative but cannot come at the expense of the most vulnerable. This first global human rights benchmark examines the human rights policies of 16 of largest wind and solar companies.
Posted: 29/06/2020
The Institute for Public Policy Research (IPPR) has called for a Royal Commission to assess UK preparedness for nature crises after COVID-19 exposed “fragility” in face of major threats.
Posted: 26/06/2020
In its annual report to Parliament, the Committee on Climate Change (CCC) provided an outline of a recovery that could accelerate the transition to a cleaner, net-zero emissions economy and strengthens the country’s resilience to the impacts of climate change.
Posted: 26/06/2020
The California Air Resources Board will require commercial vehicles manufacturers to produce zero-emission vehicles by 2024, and all new vehicles will need to be zero-emissions by 2045.
Posted: 26/06/2020
The EU’s €40bn Just Transition Fund, designed to help move away from fossil fuels, is unlikely to finance nuclear or natural gas projects or decommissioning after a meeting of member countries.
Posted: 26/06/2020
Schroders launched #CollectiveAction on 17 April, a viral social media campaign aimed at encouraging colleagues to volunteer and to donate, with the project already raising £3.5m.
Posted: 25/06/2020
The City of Oslo is about to launch the world's first high-powered wireless taxis, allowing the vehicles to recharge without cables and sustain longer working hours.
Posted: 25/06/2020
Coutts – the wealth manager and private banking division of RBS – has set a target of reducing carbon emissions in its portfolio by 25 per cent by the end of 2021 and halving those in its overall holdings by 2030.
Posted: 25/06/2020
Deloitte’s initiative to help one million people through access to education and employment, its One Million Futures programme has exceeded its one million target one year ahead of schedule through meaningful partnerships with 90 charities, schools and social enterprises across the UK.
Posted: 24/06/2020
The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050.
Posted: 24/06/2020
EU carbon credits prices have been rising dramatically as the COVID-19 lockdowns continue to ease globally.
Posted: 24/06/2020