Archive News

Most of the UK workforce want to volunteer their professional skills to charities – and their employers could benefit significantly from making it easier to do so.
Posted: 18/09/2020
A new report investigates industry tactics regarding plastic pollution crisis and growing public pressure to address it.
Posted: 17/09/2020
The European Parliament has voted put an end to the loopholes that it conceded to carmakers managed following the ‘Dieselgate’ scandal.
Posted: 17/09/2020
Retailer Iceland has joined forces with Friends of the Earth, Greenpeace, A Plastic Planet and Surfers Against Sewage to call for businesses to commit to enhanced transparency in reporting on plastic consumption and tighter enforcement of mandatory reporting on plastic packaging and plastic pollution reduction targets.
Posted: 17/09/2020
A global coalition of 60 climate and rights groups, led by Rainforest Action Network (RAN) and including Friends of the Earth, Greenpeace, the Sierra Club and Urgewald, has issued a set of principles for finance companies attempting to truly align the climate impact of their business practices with the Paris Agreement in the run up to COP26.
Posted: 17/09/2020
Despite progress in several areas, none of the UN’s biodiversity targets have been attained.
Posted: 16/09/2020
Google has eliminated its entire carbon legacy (covering all its operational emissions before the company became carbon neutral in 2007) through the purchase of high-quality carbon offsets, CEO Sundar Pichai (pictured) has announced.
Posted: 15/09/2020
The group Climate Action 100+ has sent a letter sent to CEOs and chairs from 161 global companies calling for the firms to commit to net-zero business strategies or face pressure at their AGMs.
Posted: 15/09/2020
BP has continued its new strategy to reshape its business, or as the company describes it “pivots” way from being an international oil to a wider energy company with a deal with Microsoft.
Posted: 15/09/2020
FTSE Russell has launched its enhanced Green Revenues 2.0 Data Model, which measures the green revenue exposure of more than 16,000 listed companies across 48 developed and emerging markets. This represents 98.5 per cent of the total global market value of listed companies.
Posted: 15/09/2020
Loop Industries and SUEZ will build the largest recycling facility in in the world, dedicated to the production of food grade fully recycled and infinitely recyclable plastic.
Posted: 14/09/2020
A fifth of carbon dioxide emissions come from multinational companies’ global supply chains, according to a new study led by UCL and Tianjin University.
Posted: 14/09/2020
Jean-Sébastien Jacques, Rio Tinto’s CEO, is quitting in the wake of criticism of the destruction of Aboriginal sites.
Posted: 14/09/2020
Over the last few years, as Green investment entered the mainstream, the idea of Blue Investing has been gaining strength, with several funds launched to protect and invest in the oceans.
Posted: 11/09/2020
The first UK-wide citizens’ assembly on climate change has published its final report, setting out a clear path for how the UK can reach its legally binding target of net-zero emissions by 2050.
Posted: 11/09/2020
Martin Winterkorn, the head of VW at the time of the emissions scandal, will stand trial in Germany.
Posted: 11/09/2020
A major effort to develop and deploy clean energy technologies worldwide is urgently needed to meet international energy and climate goals, particularly in order to reduce carbon emissions from areas beyond the power sector such as transport, buildings and industry, according to a new International Energy Agency (IEA) report.
Posted: 11/09/2020
When it comes to diversity there is something of a diversity of opinion. Nearly half of the surveyed UK workforce (46 per cent) think their employer could do more, leaving a small majority of 54 per cent content.
Posted: 11/09/2020
L’Oréal brand Maybelline, in partnership with TerraCycle, has created a free recycling programme for all brands of empty makeup packaging.
Posted: 10/09/2020
The University of Oxford and Lombard Odier have created a strategic partnership on sustainable investment that will see the first endowed professorship of sustainable finance at any major global research university.
Posted: 10/09/2020
BP has entered the offshore wind market through partnership in the US with Equinor, the new name of Norwegian oil company Statoil.
Posted: 10/09/2020
A new database reveals which countries are abiding by pollution agreements, with Italy emerging as the most transparent country, and Germany coming bottom of the league.
Posted: 09/09/2020
Major loopholes in hundreds of financial institutions' coal policies have been revealed by Reclaim Finance, in partnership with 16 other NGOs, using a new online tool to identify, assess, and compare the policies adopted worldwide to restrict or end financial services to the coal sector.
Posted: 09/09/2020
Uber will provide at least half of its rides in emissions-free vehicles across seven European capitals by 2025 and aim for being fully emissions free the company has announced. The world’s largest mobility platform pledged to clean up its act in Amsterdam, Berlin, Brussels, Lisbon, London, Madrid and Paris in response to the #TrueCostOfUber campaign, which urged it to ditch dirty vehicles and replace them with electric cars.
Posted: 09/09/2020
The International Organization of Securities Commissions (Iosco), the umbrella body for securities regulators, is seeking to harmonise rules governing how companies disclose sustainability risks in the face of increasing pressure from investors for transparency compatible measures.
Posted: 08/09/2020
Hybrit Development is taking a step toward cleaner steelmaking with the start-up of a pilot plant for the production of fossil-free sponge iron. The company jointly owned and founded by the steel manufacturer SSAB, the mining company LKAB and the energy company Vattenfall, is hoping to form a template for a new generation of steel production.
Posted: 08/09/2020
UK consumers are confused by electric vehicle technology and many potential customers are being put off making a purchase according to new research commissioned by Ford.
Posted: 08/09/2020
Hubbub has launched a manifesto of policies seeking to ensure that the UK makes a sustainable recovery from COVID-19. 
Posted: 08/09/2020
Tesco and Hubbub are collaborating on the No Time for Waste Challenge, seeking to reduce the 6.6 million tonnes of food wasted by UK households every year.
Posted: 07/09/2020
Ingka Group, the owners of IKEA, will accelerate its investments to reach the IKEA goal of being climate positive by 2030, committing €600m more into companies, solutions and its own operations to enable the transition to a net-zero carbon economy. This increases its overall investments into sustainability to €3.8bn.
Posted: 04/09/2020
A new open data and analytics initiative is aiming to model better risk management and boost financing for climate solutions.
Posted: 04/09/2020
The first Volta Zero, the world’s first purpose-built full-electric 16-tonne commercial vehicle with a centrally low-mounted seat giving the driver 220 degrees of visibility to optimise pedestrian and cyclist safety, has been delivered.
Posted: 04/09/2020
A new database reveals that global banks have enabled $154 billion in loans and underwriting into the production and trade of commodities driving deforestation and land degradation since 2015.
Posted: 03/09/2020
The German government is issuing green bonds under a new concept of ‘twin’ bonds to avoid negative effects of illiquidity. It also makes it easier for there to be a natural diversification between conventional and green bond investors.
Posted: 03/09/2020
A majority of the UK’s largest investors have become more active when voting on remuneration, with M&G, Aviva and LGIM opposing at least a quarter of remuneration reports in the first half of 2020.
Posted: 02/09/2020
Unilever has announced it will source all of the carbon derived from fossil fuels in its cleaning and laundry product formulations with renewable or recycled carbon.
Posted: 02/09/2020
The LEGO Group has joined the Ellen MacArthur Foundation in a three year membership that will focus on four key areas; working with the Foundation’s network of businesses, experts and policymakers to accelerate the transition to a circular economy, inspiring circular design across the toy industry and beyond, expanding the circular services and products the LEGO Group offers, and teaching children about the circular economy through play.
Posted: 02/09/2020
The International Energy Agency (IEA) has published its Key World Energy Statistics (KWES) 2020, making sobering reading on the way in which the world is currently creating energy.
Posted: 02/09/2020
Oxfordshire-based Saietta has revealed plans to build a new sustainable plant powered by solar panels.
Posted: 01/09/2020
The Government plans to protect rainforests and ensure more sustainable supply chains as it consults on a new law to clean up the UK’s supply chains.
Posted: 01/09/2020
Mark Carney, the ex-Governor of the Bank of England, has joined Brookfield Asset Management as its head of ESG and impact fund investing.
Posted: 01/09/2020
New data analysis reveals that the carbon emissions resulting from six key consumer spending categories fell by almost a third during the national lockdown, with year-on-year emissions remaining much lower than in 2019.
Posted: 28/08/2020
Norway’s Storebrand Asset Management has made sweeping divestments, cutting loose over two dozen listed companies under a new climate change policy including BASF.
Posted: 25/08/2020
Dixons Carphone has become the first technology retailer to join the EV100 initiative, committing to switch its commercial fleet to electric and alternative fuel vehicles by 2030.
Posted: 25/08/2020
Norwegian energy company Equinor (formerly Statoil) has signed Agreements for Lease (AfL) with The Crown Estate for two offshore wind farm extensions in the UK.
Posted: 25/08/2020
German energy company RWE, the third-largest renewables player in Europe, has set put it vision of increasing its 25GW pipeline of renewables projects following its share sale that raised €2bn of funds.
Posted: 24/08/2020
Cazenove, part of Schroders, has won the long-running “ESG investing Olympics” against 58 other contenders.
Posted: 24/08/2020
Internationally, alongside other developed countries, the UK has committed to jointly mobilise $100bn per year in climate finance to developing countries from public and private sources. This was instrumental in securing the landmark Paris Agreement. As part of this the UK alone has now provided £5.8bn of International Climate Finance (ICF) between 2016 and 2020.
Posted: 21/08/2020
Climate protesters held a demonstration outside Samsung’s flagship store on Oxford Street over its plans to build the controversial Vung Ang 2 coal plant in Vietnam.
Posted: 21/05/2020
Recycling and upcycling aluminium waste from drinks cans, bottle tops and end-of-life vehicles could reduce carbon emissions by up to a quarter.
Posted: 21/08/2020
The Charitable Foundation at St. James’s Place has reached the £100m mark for monies raised through fundraising and corporate matching.
Posted: 20/08/2020
Electrification of 7,500km of the UK’s major road network would enable most lorries to be powered by overhead charging cables, resulting in dramatically reduced carbon emissions, a new report has found.
Posted: 19/08/2020
Zero and ultra-low emission cars (including plug-in hybrids and battery electric vehicles) continued to make inroads at nine per cent of all new car sales July.
Posted: 18/08/2020
Selfridges has launched a new sustainability initiative, Project Earth, with the aim of transforming the way we shop by 2025.
Posted: 17/08/2020
Bloomberg has joined the ESG scoring arena, with its own propriety ESG scores, offering environmental and social (ES) scores for 252 companies in the oil and gas sector, and board composition scores for more than 4,300 companies across multiple industries.
Posted: 14/08/2020
Amazon Prime Video and Amazon Studios has announced a $6m commitment to support the European TV and film production creative community through the COVID-19 pandemic, with Caroline Dinenage, UK Minister for Digital and Culture (pictured) praising the action.
Posted: 13/08/2020
Twenty-one charities across the UK will share a £1.2m funding pot from the ScottishPower Foundation, which champions benevolent work in local communities throughout the UK. Among the recipients of the funding this year is the Dynamic Earth Charitable Trust in Edinburgh (pictured), which has been awarded £86,500 towards the creation of a new, state-of-the-art planetarium that will transport audiences through the history of the universe.
Posted: 12/08/2020
Morningstar has reported that flows into ESG funds have rebounded strongly after the coronavirus pandemic, more than doubling to $54.6bn over the second quarter of 2020.
Posted: 12/08/2020
Most corporates in the past were deaf to social issues, it really wasn’t their ‘thing’ but the welcome rise of ESG awareness up the corporate ladder has led to an interesting dilemma.
Posted: 12/08/2020
New research carried out for the National Infrastructure Commission (NIC) underlines the sharp falls in the cost of renewable generation and suggests that Britain should aim for renewables to meet two-thirds of electricity needs by 2030 - and that this can be delivered at the same overall cost as meeting only half of total demand by that date.
Posted: 12/08/2020
CEOs from 27 of the largest employers in the New York area are launching the New York Jobs CEO Council to collaborate with educational institutions, community organisations and non-profits to hire skilled workers with a focus on low-income and Black, Latinx and Asian communities.
Posted: 11/08/2020
Drinks maker Diageo has cut its greenhouse gas emissions from direct operations in half, and reduced emissions by over a third (33.7 per cent) across its total value chain.
Posted: 11/08/2020
Bedfordshire-based Clayhill solar farm, the UK’s first solar farm built free from government subsidy, has been acquired by Gridserve to supply its Electric Forecourt in Braintree (construction pictured).
Posted: 11/08/2020
Bank Track’s research into Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in two-thirds (65 per cent) of cases.
Posted: 11/08/2020
Veolia has become the first company to join the On-Pack Recycling Label (OPRL) programme under the recently introduced waste management company membership category.
Posted: 11/08/2020
E.ON and Nissan have successfully deployed 20 vehicle-to-grid (V2G) chargers as part of a trial to demonstrate how electric vans and cars could play a role in supporting the UK grid and provide a profitable and sustainable solution for business fleets.
Posted: 10/08/2020
ITV has announced its intention to reduce its carbon emissions by 46 per cent by 2030, in line with a 1.5C science-based emissions scenario.
Posted: 10/08/2020
Microsoft has set a goal to achieve zero waste from its direct operations, products and packaging by 2030, and in a worldwide first have deployed hydrogen fuel cells to power its servers for 48 consecutive hours.
Posted: 07/08/2020
A blueprint for investors to maximise the contribution they make in tackling climate change and achieving net-zero emissions globally by 2050 has been developed with global investors representing more than $16tr in assets, through the Institutional Investors Group on Climate Change (IIGCC).
Posted: 06/08/2020
Google owner Alphabet is making a $10bn debt offering, issuing $5.75bn in sustainability bonds, making this the largest sustainability or green bond by any company so far.
Posted: 05/08/2020
After setting a goal for being net-zero company by 2050 in February, amidst bad results and investor pressure, BP has announced that it will be adopting a new more ambitious strategy to “reshape” the company away from being an international oil company focused on producing resources to an integrated energy.
Posted: 05/08/2020
The Energy Networks Association’s (ENA) Open Networks Project has been published for consultation, seeking to further drive standardisation in local UK energy markets.
Posted: 04/08/2020
The Partnership for Carbon Accounting Financials (PCAF) has announced that Bank of America has joined its initiative. Bank of America is the largest and most diversified global financial institution to participate in this collaboration and follows other new members NatWest (RBS) and Morgan Stanley.
Posted: 03/08/2020
The first global standard for financial institutions to measure and track the climate impact of their lending and investment portfolios has been released by the Partnership for Carbon Accounting Financials (PCAF).
Posted: 04/08/2020
Some hedge funds invest in socially responsible companies to change their focus to maximising value for short-term shareholders.
Posted: 03/08/2020
Following a successful trial, John Lewis is rolling out a new supplier engagement programme called Better Jobs to all of its 120 UK manufacturing suppliers.
Posted: 03/08/2020
The first floating wind farm is now operational. WindFloat Atlantic is now supplying energy to Portugal's electrical grid following the connection of the last of the three platforms to the 20 km export cable connecting the wind farm to the substation at Viana do Castelo.
Posted: 31/07/2020
Property developer Landsec is progressing plans for the UK’s first net-zero commercial building. Previously known as 105 Sumner St, the Forge will be a 139,000 sq ft office development in Southwark set behind Tate Modern and will be constructed and operated in line with the UK Green Building Council’s (UKGBC) net-zero carbon buildings framework and associated energy performance targets.
Posted: 31/07/2020
Credit Suisse is to provide at least $328bn in sustainable financing over the next decade, in the latest announcement by global banks on ESG financing.
Posted: 31/07/2020
Germany’s largest private sector bank has announced a new policy for fossil fuel investment and a new criteria for classifying ESG financing.
Posted: 31/07/2020
Shell and Total have released their latest results, with combined total writedowns of almost $25bn.
Posted: 30/07/2020
Citi has announced a five-year 2025 sustainable progress strategy to help accelerate the transition to a low-carbon economy, including a $250bn environmental finance goal to facilitate climate solutions globally. This builds on Citi’s previous $100bn goal announced in 2015 and completed last year, more than four years ahead of schedule.
Posted: 30/07/2020
The latest report on energy generation in the UK reveals a record-breaking contribution by renewables throughout 2019, with over a third of electrical energy coming from green sources.
Posted: 30/07/2020
Waitrose and John Lewis will significantly increase the use of electric vans as it phases out the use of fossil fuels across its entire transport fleet by 2030.
Posted: 29/07/2020
“No-one wants to save throughout their life to retire into a world devastated by climate change.” Mark Fawcett, chief investment officer Nest.
Posted: 29/07/2020
National Grid ESO has predicted that reaching net-zero carbon emissions from the power sector is possible by as early as 2033, but immediate action across areas will be needed to achieve this goal and net-zero as a country by 2050.
Posted: 28/07/2020
Nearly all institutional investors (98 per cent) evaluate nonfinancial performance based on corporate disclosures, and three-quarters look for robustness of an organisation’s planning for climate risks.
Posted: 27/07/2020
A group of 24 mayors and local leaders, representing 25 million people across the country have come together to form UK100’s new Resilient Recovery Taskforce. The Taskforce calls on the Chancellor and Prime Minister to commit to a New Deal for Green Skills and Growth, alongside a major push on infrastructure investment, public transport and retrofitting homes.
Posted: 27/07/2020
Combining both sustainable products and sustainable companies, Refinitiv has launched its Sustainable Finance League Tables, measuring new sustainable capital use and ranking the investment banks underwriting such activity.
Posted: 27/07/2020
Atos is to acquire EcoAct, the carbon reduction strategy consulting firm. The acquisition will in part support Atos’ decarbonisation solutions, services and strategies.
Posted: 27/07/2020
A new five-year collaboration to deliver next generation energy technologies and accelerate the UK’s transition to a net-zero has been formed. The Energy Transition Alliance (ETA), has been created by The Oil & Gas Technology Centre (OGTC) and the Offshore Renewable Energy (ORE) Catapult, and will collaborate with the energy industry to drive a focused, funded programme of advanced technologies, including the next generation of hydrogen production and floating offshore wind.
Posted: 24/07/2020
What is claimed to be the first current account designed for climate action has been launched. The account features a carbon tracking tool, biodegradable card, and will donate 1 per cent of account revenues to environmental non-profit partners.
Posted: 24/07/2020
The Task Force on Nature-related Financial Disclosures (TNFD) has officially formed its Informal Working Group, a milestone along the road to creating a flobal framework for measuring and reporting on financial risks posed by nature, biodiversity and habitat degradation.
Posted: 23/07/2020
Federated Hermes has appointed two new hires to its Impact Opportunities team as client demand for sustainable investment solutions continues to grow. Reporting to Ingrid Kukuljan, head of impact investing, Amélie Thévenet and Jordan Patel will be joining the firm’s London office in September and July respectively.
Posted: 23/07/2020
A four-year investor engagement with 25 giant food retailers and manufacturers, led by the FAIRR investor network, has found that two in five global food giants, including Tesco and Unilever, with combined annual revenues of $459bn now have dedicated teams to develop and sell plant-based alternatives to meat and dairy.
Posted: 23/07/2020
The Cathay Pacific is set to reduce its single-use plastic (SUP) footprint by half by the end of 2022, removing nearly 200 million pieces of SUP from operations annually and is committed to buying 1.1 million tonnes of sustainable aviation fuel over the next decade.
Posted: 23/07/2020
Boris Johnson has announced £350m is being made available to fund cut emissions in heavy industry and drive economic recovery.
Posted: 22/07/2020
Barclays, Handelsbanken, Triodos, Ecology Building Society and Tide have all committed to providing financial support to the NetZero economy.
Posted: 22/07/2020
BNP Paribas published its financing policy for mining companies and operators of coal-related infrastructure online, which goes further than the one published three weeks ago regarding coal-based electricity producers by excluding companies based on strictly defined criteria.
Posted: 22/07/2020
A new report points to bravery and a willingness to reject the status quo as vital strategies that leaders will need to respond to the combined pressures of the global pandemic and the climate emergency.
Posted: 22/07/2020
EU leaders have struck a deal on its recovery package, striking a deal between the more cautious Northern countries and those Southern Members more severely affected.
Posted: 21/07/2020
Already carbon neutral in its corporate emissions worldwide, the company plans to make its entire business, manufacturing supply chain, and product life cycle carbon neutral by 2030.
Posted: 21/07/2020
Vodafone will be running its European network on 100 per cent renewable electricity by July 2021, a target that is four years earlier than previously set.
Posted: 21/07/2020
Morgan Stanley has become the first US-based global bank to join the Partnership for Carbon Accounting Financials (PCAF) and its steering committee as part of a commitment to measuring and disclosing its approach to climate change risk and opportunity.
Posted: 21/07/2020
Bloomberg has funded the additional distribution of one million meals around the world, building on founder Michael Bloomberg’s $6m in support for World Central Kitchen that supplied 1m meals to frontline workers at 16 New York City public hospital facilities.
Posted: 21/07/2020
The UK Sustainable Investment and Finance Association (UKSIF) has published an open letter to the Economic Secretary to the Treasury John Glen MP stating its, and its members, desire to align with the EU’s sustainable finance reforms regardless of the outcome of EU exit.
Posted: 20/07/2020
The Chartered Insurance Institute (CII) has revealed how it will work with the International Association for Sustainable Economy (IASE) to create ESG qualifications.
Posted: 20/07/2020
A study from cloud management company Ivalua reveals that 60 per cent of UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic.
Posted: 17/07/2020
Reuters is reporting that over a thousand green projects are vying for a share of the EU’s post-COVID recovery package.
Posted: 17/07/2020
Molton Brown has announced a new partnership with Loop to reduce waste and plastic use.
Posted: 17/07/2020
Britishvolt is to build its 30 GWh battery manufacturing plant, and supplementary 200MW solar plant, at a former RAF base at Bro Tathan, Vale of Glamorgan, South Wales.
Posted: 17/07/2020
Analysis by Thrive Renewables, an investment company, predicts that unlocking the potential of onshore renewables could deliver £28.9bn to the UK economy by 2035 and 45,000 new jobs.
Posted: 16/07/2020
US insurance start-up Lemonade doubled its share price upon its IPO debut, raising almost $320m, and valuing the company at more than $3bn at the time.
Posted: 16/07/2020
Banks are the still funding the European coal market. A new report by Europe Beyond Coal, of which ShareAction is a member, has found that European banks Unicredit, BNP Paribas, Barclays and Societe Generale have been keeping Europe’s top eight coal utilities afloat.
Posted: 16/07/2020
According to the latest figures, renewable energy capacity investment has had a surge despite the global pandemic.
Posted: 15/07/2020
Aldi has announced its commitment to reduce the volume of plastic packaging used by half by 2025. This new commitment will see the UK’s fifth-largest supermarket remove 74,000 tonnes of plastic packaging during the next five years, the equivalent to 2.2 billion single items of plastic.
Posted: 15/07/2020
German think-tank Agora Energiewende has cast suspicion on exactly how ‘green’ the EU’s much touted recovery budget will be.
Posted: 15/07/2020
The Government is to relax planning legislation to make it easier to construct large batteries to store renewable energy from solar and wind farms across the UK.
Posted: 15/07/2020
CDP has released a new dataset gives investors temperature ratings for 4,000 global companies, based on emission reduction targets covering all relevant GHG emissions in a company’s value chain.
Posted: 13/07/2020
The annual mean global temperature is likely to be at least 1C above pre-industrial levels (1850-1900) in each of the coming five years (2020-2024) and there is a 20 per cent chance that it will exceed 1.5C in at least one year, according to new climate predictions issued by the World Meteorological Organization (WMO).
Posted: 13/07/2020
Over 50 CEOs, policymakers, philanthropists, academics, and others have reaffirmed their commitment to building a circular economy, including representatives of the European Parliament, Arup Group, Barclays Bank, Nestlé, PepsiCo and Unilever.
Posted: 13/07/2020
Hitachi Rail and Hyperdrive Innovation have signed an exclusive agreement to develop battery packs to power zero-emission trains and create a battery hub in the North East.
Posted: 13/07/2020
The National Centre for Universities and Business has welcomed measures announced in chancellor Rishi Sunak's summer statement to help young people and encourage economic growth.
Posted: 10/07/2020
CNP Assurances has adopted a definitive plan to exit thermal coal in its investment portfolio by 2030 in the EU and OECD countries, and by 2040 in the rest of the world
Posted: 09/07/2020
A new temperature rating system has been launched to allow investors to track the carbon emissions of thousands of global companies.
Posted: 07/07/2020
The British Red Cross, the British Psychological Society and risk adviser, Marsh, have come together to provide expert support to people during and after a crisis. Born out of the tragic events of the Manchester Arena bombing, London Bridge terror attack and the Grenfell Tower fire in 2017, the new Psychosocial Reserve Volunteers group will support people affected by emergencies in the UK.
Posted: 2020-07-07
British and Swiss mathematicians and statisticians believe they have found a way of managing the risk of unethical bias in artificial intelligence systems. AI is increasingly being deployed in commercial situations. In insurance, for instance, while there may be legitimate reasons for using AI to set different prices for different people, but it may also be profitable to "game their psychology or willingness to shop around".
Posted: 06/07/2020
BNP Paribas will phase out coal power finance. In declaring a strategy to achieve zero exposure to coal-fired electricity by 2030 in EU and OECD countries, and by 2040 in all other countries, the company will stop financing companies that would add, in any way, new electricity production capacities to their coal-fired power plants, whether through purchasing, the expansion of existing plants or the construction of new ones.
Posted: 03/07/2020
Secretary of State for Business, Energy and Industrial Strategy Alok Sharma has been given consent to Vattenfall's 1.8GW Norfolk Vanguard project, comprising of between 90 and 180 turbines sitting 30 miles offshore.
Posted: 03/07/2020
Four years after selling off the Green Investment Bank, there have been calls for a new ‘Green Infrastructure Bank’.
Posted: 02/07/2020
The Financial Times’ Moral Money column has appraised ESG analysts in the light of the Wirecard collapse.
Posted: 02/07/2020
Moving a pension to a more sustainable fund is 27 times more effective in reducing your carbon footprint than not flying and becoming a vegan combined, according to the newly launched Make My Money Matter (MMMM) Campaign.
Posted: 02/07/2020
China’s green bond market has expanded rapidly quadrupling in size over four years from 2016-2019 and becoming the second largest green bond market globally, reaching $120bn of cumulative issuance according to data collection by CPI and the International Institute of Green Finance (IIGF).
Posted: 01/07/2020
The Financial Times is reporting that almost a third of the world’s biggest brands are likely to suspend spending on social media in light of the companies’ lax attitude to controlling hate speech.
Posted: 30/06/2020
Boris Johnson has revealed the Government’s vision of the road to post-COVID recovery. Referring to the US New Deal of the 1930s’ he noted that “this moment also gives us a much greater chance to be radical and to do things differently”.
Posted: 30/06/2020
Financial services companies need to understand their impact and dependency on nature and set targets to achieve international policy goals on biodiversity says new UN-backed report.
Posted: 30/06/2020
Germany currently has 84 active hydrogen filling stations, 121 per cent more than in the rest of Europe combined.
Posted: 29/06/2020
Amazon has donated $2bn to the Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to be net-zero carbon by 2040.
Posted: 29/06/2020
The Climate Financial Risk Forum (CFRF) has published a guidance to financial firms on an approach to address climate-related financial risks. The guide, the first of its kind, provides practical recommendations to firms of all sizes on disclosure of climate-related financial risks; effective risk management; scenario analysis, and opportunities for innovation in the interest of consumers.
Posted: 29/06/2020
The Lord Mayor’s Appeal’s City Giving Day 2020, taking place in September, has adapted to the issue of COVID-19, and this year businesses and employees are encouraged to think about how they can run activities online and using digital platforms.
Posted: 29/06/2020
The transition to a net-zero carbon economy is imperative but cannot come at the expense of the most vulnerable. This first global human rights benchmark examines the human rights policies of 16 of largest wind and solar companies.
Posted: 29/06/2020
The Institute for Public Policy Research (IPPR) has called for a Royal Commission to assess UK preparedness for nature crises after COVID-19 exposed “fragility” in face of major threats.
Posted: 26/06/2020
In its annual report to Parliament, the Committee on Climate Change (CCC) provided an outline of a recovery that could accelerate the transition to a cleaner, net-zero emissions economy and strengthens the country’s resilience to the impacts of climate change.
Posted: 26/06/2020
The California Air Resources Board will require commercial vehicles manufacturers to produce zero-emission vehicles by 2024, and all new vehicles will need to be zero-emissions by 2045.
Posted: 26/06/2020
The EU’s €40bn Just Transition Fund, designed to help move away from fossil fuels, is unlikely to finance nuclear or natural gas projects or decommissioning after a meeting of member countries.
Posted: 26/06/2020
Schroders launched #CollectiveAction on 17 April, a viral social media campaign aimed at encouraging colleagues to volunteer and to donate, with the project already raising £3.5m.
Posted: 25/06/2020
The City of Oslo is about to launch the world's first high-powered wireless taxis, allowing the vehicles to recharge without cables and sustain longer working hours.
Posted: 25/06/2020
Coutts – the wealth manager and private banking division of RBS – has set a target of reducing carbon emissions in its portfolio by 25 per cent by the end of 2021 and halving those in its overall holdings by 2030.
Posted: 25/06/2020
Deloitte’s initiative to help one million people through access to education and employment, its One Million Futures programme has exceeded its one million target one year ahead of schedule through meaningful partnerships with 90 charities, schools and social enterprises across the UK.
Posted: 24/06/2020
The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050.
Posted: 24/06/2020
EU carbon credits prices have been rising dramatically as the COVID-19 lockdowns continue to ease globally.
Posted: 24/06/2020
MetLife has announced that it has become the first US-based life insurer to join the UN Global Compact corporate sustainability initiative.
Posted: 24/06/2020
Forty-two new companies have signed up to the Women in Finance charter, which aims to promote gender diversity in Financial Services, the City Minister John Glen has announced today, bringing the total number of signatories to over 370.
Posted: 23/06/2020
The Bank of England (BoE) has published its own climate-related financial disclosure for the first time, setting out the Bank’s approach to managing the risks from climate change across its entire operations.
Posted: 23/06/2020
Low-income countries are targeting reduced environmental and social risks, new green finance opportunities, small and medium enterprise finance, lending to women, and financial inclusion as essential components of sustainable finance, according to a new report released by the IFC-facilitated Sustainable Banking Network (SBN).
Posted: 23/06/2020
BP Ventures has invested $5m in Satelytics, a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions.
Posted: 23/06/2020
Ford of Britain chairman, Graham Hoare, has called for a joined-up, clear and consistent long-term, government-partnered strategy to help meet the 2030s timeline for phasing out the sale of petrol and diesel vehicles.
Posted: 23/06/2020
Danish political parties have agreed to implement a carbon tax, significantly reinforcing governmental plans put forward in May after pressure from the Social Liberal Party.
Posted: 22/06/2020
Pity the poor airlines – COVID-19 has destroyed their business model, and now they are in the crosshairs of environmental policies as West Europe attempts to reach net-zero targets.
Posted: 22/06/2020
The largest hydro in the UK to be entirely community-owned has received fresh finance from Triodos Bank UK and the Scottish Investment Bank.
Posted: 22/06/2020
The International Energy Agency (IEA) has presented its Sustainable Recovery Plan focusing on a series of actions that can be taken over the next three years to revitalise economies and boost employment while making energy systems cleaner and more resilient.
Posted: 19/06/2020
Ossiam has announced the listing of a new exchange-traded fund, the Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF 1C (EUR), on the Xetra exchange in Germany. The fund launches with €200m of investor capital.
Posted: 19/06/2020
Lloyd’s of London has issued a statement apologising for its role in the eighteenth and early nineteenth Century slave trade acknowledging its past links to slavery.
Posted: 18/06/2020
The John Lewis Partnership is stepping up its commitment to reducing carbon emissions by building a dedicated biomethane gas filling station to enable its largest heavy goods vehicles to use a low-carbon alternative to diesel.
Posted: 18/06/2020
Unfriend Coal research has revealed that only a quarter of leading insurance companies have committed to a 1.5C global warming target and has set a letter calling on all insurers to end all support for new oil and gas projects.
Posted: 18/06/2020
The International Energy Agency (IEA) has predicted the number of electric cars on the road will reach almost 10 million this year, as sales grow this year despite the COVID-19 pandemic.
Posted: 17/06/2020
Bernard Looney, BP CEO, described the current environment as “a pivotal moment” in his introduction to the company’s Statistical Review of World Energy.
Posted: 17/06/2020
Lloyds Banking Group has guaranteed a £25.5m annual donation to its four independent charitable foundations in 2021.
Posted: 17/06/2020
A new €1.5bn fund for renewable energy infrastructure investments has launched, with the ambition to achieve capital commitments of up to €7 billion and invest up to €14bn in greenfield renewable energy infrastructure across North America, Western Europe, developed Asia and Australia.
Posted: 17/06/2020
Unilever has stepped up its commitment to fight climate change and protect the environment. Unilever will now attempt to achieve net-zero emissions from all products by 2039 and empower, and work with, farmers and smallholders, driving programmes to protect and restore forests, soil and biodiversity.
Posted: 16/06/2020
Know the Chain’s third benchmark report reveals a sustained failure by technology companies to tackle forced labour in their supply chains,
Posted: 16/06/2020
Sky has announced a new commitment toward net-zero with all its Sky Originals from 2019 now certified carbon neutral in the UK.
Posted: 16/06/2020
National Grid has secured the first multi export credit agency (ECA) covered green loan. The $743m financing package, made up of $488m from SACE Export Credit and US$255 million from Euler Hermes Export Credit, was structured under National Grid’s Green Financing Framework. This is the first time multiple ECAs have come together to finance a green project of this size.
Posted: 16/06/2020
Over 50 major companies, including 40 RE100 members, have signed a letter calling for corporate renewables to be built into the EU COVID-19 stimulus package.
Posted: 15/06/2020
A combination of the COVID-19 crisis and mild weather in the northern hemisphere have put global demand for natural gas on course for its largest annual decline in history, the International Energy Agency (IEA) say in new report.
Posted: 15/06/2020
It takes one event to create a hurricane, and the democratic world has witnessed such an event with the protests under the banner of Black Lives Matter (BLM).
Posted: 12/06/2020
Nearly 700,000 direct jobs could be created in England’s low-carbon and renewable energy economy by 2030, rising to more than 1.18 million by 2050, the Local Government Association (LGA) predicts in its new report.
Posted: 12/06/2020
The City of London Corporation’s charitable funder, the City Bridge Trust, has handed a £5m boost to a coronavirus emergency fund – and is urging businesses to dig deep to help good causes facing a ‘perfect storm’ caused by the pandemic.
Posted: 12/06/2020
Long-time rivals Ford and VW have signed agreements that expand their global alliance on development of electric vehicles and commercial vehicles.
Posted: 12/06/2020
The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears. The banks have estimated that they will have paid approximately £300m in redress.
Posted: 12/06/2020
OVO has signed up to the Climate Group’s initiatives on electric vehicles (EV100) and efficient energy (EP100), committing it to an all-electric fleet and doubling its energy productivity by 2030.
Posted: 10/06/2020
Sky announced a series of commitments to help tackle racial injustice and will invest £10m per year across its markets for each of the next three years to achieve these, and is working with its parent company Comcast and with NBCU in the US to make this a global effort to tackle racism and racial injustice.
Posted: 09/06/2020
Companies with over $8tr in global market capitalisation and with estimated emissions of 4,800Mt of carbon dioxide equivalent annually are being pushed by 105 investors from 23 countries to disclose more environmental data.
Posted: 09/06/2020
Britain is about to record two months without any coal being burned to generate energy. The decline has been rapid, with about 40 per cent of the energy mix being derived from coal only a decade ago, but the rise of gas and renewables has pushed coal out.
Posted: 09/06/2020
A total of 109 investors, representing €11.9tr in assets under management or advice, have written to European leaders highlighting the need to ensure the economic response to the Covid-19 pandemic delivers a sustainable recovery.
Posted: 08/06/2020
Impact investing continues to attract investors in spite of the global recession caused by the COVID-19 pandemic.
Posted: 08/06/2020
The Volvo manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100 per cent renewable electricity, the result of a new supply contract and will reduce the plant’s CO2 emissions by more than 11,000 tonnes per year.
Posted: 05/06/2020
VW and project developer Permian Global have signed an agreement to create climate protection projects. With the support of Permian Global, VW will begin developing climate protection projects to protect tropical forests in the second half of 2020.
Posted: 05/06/2020
Already leading the developed world to net-zero by 2050, the UK remains hamstrung by emissions in transport, now the biggest contributor, and the main driver of dangerously high levels of air pollution in many towns and cities
Posted: 04/06/2020
Energy transition is disrupting fossil fuel systems, with profound consequences for financial markets and geopolitics as the COVID-19 crisis accelerates change.
Posted: 04/06/2020
Nisa retailers are responding to increased charity needs during the current pandemic and funding crisis, with an additional £103,230 collective donations in May.
Posted: 04/06/2020
Following the widespread protests in the US over the death of George Floyd, Japanese giant Softbank has responded with a $100m fund that will invest in companies led by disadvantaged entrepreneurs.
Posted: 04/06/2020
WWF has published a report, prepared by Vivid Economics, outlining a possible UK investment strategy for building back a resilient and sustainable economy, with the transition to net-zero yielding over £90bn of annual benefits.
Posted: 03/06/2020
The Climate Group has founded a new partnership with the BT Group to promote a faster switch to low or no carbon emission vehicles.
Posted: 03/06/2020
Renewable power is cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) claims.
Posted: 02/06/2020
The Methodist Church has divested from BP and Total oil companies, despite BP’s recent attempts to present a more environmentally considerate policy.
Posted: 02/06/2020
A strategic partnership between Inter IKEA Group and Ellen MacArthur Foundation has been cemented to focus IKEA on its goal of becoming fully circular and the ambition of creating lasting impact on a global scale, driving the transformation towards a circular society.
Posted: 02/06/2020
The Government has approved the development of the UK’s largest solar energy farm, Cleve Hill Solar Park in Kent, after overcoming opposition from local groups and national organisations Greenpeace, the RSPB and CPRE.
Posted: 01/06/2020
The Berkeley Foundation, the corporate foundation set up by house builder the Berkeley Group, has awarded more than £200,000 in emergency grants to help youth charities to recover from the impact of Covid-19.
Posted: 01/06/2020
Epworth Investment Management has launched its Climate Stewardship Fund to invest on behalf of charities in environmentally sound assets.
Posted: 01/06/2020
The €1.85tr recovery plan unveiled by the EC , using ‘recovery bonds’ to finance a ‘next generation EU’ could see €500bn of these bonds spent as grants on national projects that could help accelerate the green transition.
Posted: 01/06/2020
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency (IEA) stared in a new report.
Posted: 01/06/2020
Hovis has increased its donations to FareShare to just under 30,000 loaves in April.
Posted: 01/06/2020
Europe secured €60bn in investments to produce electric vehicles and batteries last year - 19 times more than in 2018, with industry and governments committed 3.5 times more to EV and battery production in Europe than they did in China, according to a Transport and Environment’s report.
Posted: 01/06/2020
Consumers are likely to reward companies and brands they think have acted in a socially responsible way during the COVID-19 crisis.
Posted: 01/06/2020
Disinfectant brand Dettol is supporting the HSE in the fight against COVID-19 with the donation of 40,000 Dettol antibacterial products over the next two months. The products will be distributed to hospitals and health service facilities and sites around the country with the aim of helping to keep these environments hygienically clean.
Posted: 2020-05-29
Morrisons has opened up its pharmacy consulting rooms to victims of domestic abuse so that they may safely contact support services. Specially trained pharmacists in 117 of the supermarket's stores can direct those seeking help to the support they need.
Posted: 28/05/2020
London insurtech, Flock is supporting Skyports in this week's drone delivery trials for NHS Highland. It is hoped that the trials will demonstrate the feasibility of delivering urgent medical cargo, such as COVID-19 test kits and PPE, quickly and safely.
Posted: 27/05/2020
Rolls-Royce Plc and Daimler Truck AG have announced plans to develop stationary fuel-cell generators as CO2-neutral emergency power generators for safety-critical facilities, such as datacentres. The collaboration promises emission-free alternatives to diesel engines.
Posted: 26/05/20
CDP has revealed a 24 per cent jump in the number of companies working with CDP and asking their suppliers to report environmental data.
Posted: 22/05/2020
Battery maker AMTE Power and startup Britishvolt have signed a MoU for a battery ‘Giga Factory’, the UK’s first full cycle battery cell ‘GigaPlant’, servicing the automotive and energy storage markets. The successful outcome of the collaboration would enable scalable production of a diverse product portfolio of lithium ion batteries, and could involve up to £4bn of investment.
Posted: 22/05/2020
HSBC Global Asset Management and IFC have announced the third closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), which has raised $474m of new financing to support climate mitigation investments across emerging markets in spite of prevailing market turmoil.
Posted: 22/05/2020
Reuters has reported that it has seen a draft of the EU’s plan for a green economic recovery, targeting building renovation, renewable energy and clean hydrogen fuel.
Posted: 21/05/2020
The Danish Finance Ministry has released plans an artificial ‘energy islands’ in the North Sea as a part of its Climate Action Plan.
Posted: 21/04/2020
Renewable hydrogen has a key role to play in the UK’s successful transition from fossil fuels to renewables, alongside a huge expansion of wind energy and other clean power sources, according to a new report published today by RenewableUK.
Posted: 21/05/2020
Dixons Carphone is working in partnership with Age UK to prevent vulnerable older people feeling lonely and isolated during the pandemic.
Posted: 21/05/2020
As a result of a number of potential concerns that had been identified by internal colleagues, Tesco has discovered several breaches of the anti-slavery policy within its supply chain.
Posted: 21/05/2020
Vattenfall has signed an agreement with Brent Cross South developer Argent Related to provide low carbon heating to homes, shops, and other businesses in the redevelopment scheme in Barnet, north London.
Posted: 20/05/2020
Microplastics, very small pieces of plastic that pollute the oceans, may be many times more prevalent than previously thought, according to a study, led by Plymouth Marine Laboratory.
Posted: 20/05/2020
JPMorgan Chase CEO Jamie Dimon has acknowledged that the impact of COVID-19 will herald significant change to the economy and society, calling it a “wake-up call” for governments and business to build a fairer economy.
Posted: 20/05/2020
EY’s Renewable Energy Country Attractiveness Index (RECAI) has placed the UK in the sixth spot for renewable energy, a rise of one place since the last biannual report.
Posted: 19/05/2020
The John Lewis Partnership has today announced that it will donate a further £1.4m to around 3,000 local charities who are helping those most in need during the pandemic. This brings the total amount of support given by the Partnership to local communities such as food banks, those supporting the elderly, homeless and those most at risk from coronavirus , to over £2.7m
Posted: 18/05/2020
The European Parliament today called for a €2tr recovery fund for the EU, financed by recovery bonds and invested giving priority to the EU Green Deal.
Posted: 18/05/2020
Legal & General has been selected by UK Research and Innovation (UKRI) to deploy £6m of grant funding to early stage companies that are making a difference in the healthy ageing market.
Posted: 18/05/2020
The Government has revealed its vision for a rapid charge network for EVs to meet future en route charging needs along motorways and major A roads.
Posted: 18/05/2020
The newly launched Flexibility in Great Britain project will conduct in-depth analysis based on modelling, research and stakeholder interviews to investigate how different sources of flexibility across the heat, transport and power sectors can reduce overall system costs to consumers and lead to net-zero.
Posted: 15/05/2020
The world’s largest asset managers are paying “lip service” to preventing human rights abuses according to Share Action.
Posted: 15/05/2020
BankTrack has published its annual report, with director Johan Frijns describing 2019 as “a string of missed chances for the global banking sector”.
Posted: 15/05/2020
The Financial Times reports that BP CFO Brian Gilvary has called for countries to act rapidly to prevent global temperature rises despite the financial problems of the coronavirus pandemic.
Posted: 15/05/2020
Deutsche Bank has for the first time published quantifiable ESG targets. By the end of 2025, the bank will increase its volume of ESG financing plus its portfolio of sustainable investments under management to over €200bn.
Posted: 14/05/2020
Over one million people and 100 environmental NGOs across Europe are calling on the EU to restart its economy by launching a truly green investment plan. On 5 May, MEPs will decide what they want in the EU’s Recovery Fund and seven-year budget ahead of the EC’s proposal next week.
Posted: 14/05/2020
Storage and information management company Iron Mountain has published its seventh annual CSR report, showing that it has managed to cut greenhouse gas (GHG) emissions by 52 per cent (since 2016 baseline), surpassing original science-based target of 25 per cent reduction by 2025.
Posted: 15/05/2020
Mondi, the global packaging and paper group with €846m in turnover, has entered into a collaboration with the Danish Institute for Human Rights (DIHR) to review and advise on Mondi’s due dilligence process on human rights.
Posted: 14/05/2020
BNP Paribas will phase-out coal-fired power sector from its investments, with Reclaim Finance, BankTrack and Friends of the Earth France praising the new policy whilst also pointing to a missed opportunity to commit to a full coal phase-out and to adopt measures to push all companies in its portfolios to close their coal infrastructure.
Posted: 13/05/2020
Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have today announced plans to build a new operations and maintenance (O&M) base at the Port of Tyne.
Posted: 13/05/2020
Alternative Investment Partners Private Markets (AIP Private Markets), part of Morgan Stanley Investment Management, will build upon its $800m impact investing platform by closing on a fund which will focus on climate solutions.
Posted: 13/05/2020
Carmaker Škoda, part of the VW Group, has recycled all waste produced during manufacturing and usually disposed of in landfills, either materially or thermally since the beginning of the year.
Posted: 13/05/2020
The ambitions of European oil and gas majors have gained much praise, with Total, Shell, BP, Repsol and Eni all stating they will significantly reduce the carbon intensity of the energy they supply. However not all ambitions are equal, and some will fall short in their approaches unless action is taken.
Posted: 12/05/2020
A new report by Mondelēz International highlights Cocoa Life’s 2019 progress towards achieving its 2025 goals.
Posted: 12/05/2020
Trans Mountain is pressing ahead with plans to expand its pipeline connecting tar sands in Alberta to the Pacific coast outside Vancouver, adding an extra 590,000 barrels a day of capacity and increasing daily flow to nearly one million barrels.
Posted: 12/05/2020
Extending the period of coal-free energy, Britain has managed a whole month without coal.
Posted: 12/05/2020
The Rockefeller fortune may be founded on oil, but is heirs have decided to eradicate the black gold from its investments.
Posted: 12/05/2020
Alan Jope, CEO of Unilever, underlined the company’s commitment to making sustainable living commonplace for 8 billion people, whilst marking a decade of the Unilever Sustainable Living Plan (USLP), and called for collective action to ensure that the crises of social inequality and climate are not neglected in the wake of Covid-19.
Posted: 11/05/2020
Areas of the planet that are currently home to one-third of humans will become as hot as the hottest parts of the Sahara within 50 years unless greenhouse gas emissions fall.
Posted: 11/05/2020
The CEOs of major businesses, environmental organisations and youth organisations are urging the Government to ensure a green recovery for healthy communities and a resilient economy.
Posted: 11/05/2020
Total is set to achieve net-zero emissions by 2050 as the outcome of collaborative investor engagement with the company through Climate Action 100+, an investor initiative launched in 2017 to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.
Posted: 06/05/2020
The Green Recovery. Reboot and Reboost Our Economies for a Sustainable Future alliance, promoted by the chair of the European Parliament Committee on the Environment, Pascal Canfin, has now reached 50 chairmen or CEOs of large European multinational companies with the addition of Grupo Español de Crecimiento Verde (Spanish Group for Green Growth), of which Spainsh bank BBVA is a member.
Posted: 06/05/2020
In a first, renewables generated more electricity than coal on every day in April in the US, new data from the US Energy Information Administration (EIA) reveals.
Posted: 06/05/2020
Sky Media, the advertising sales arm of Sky has launched a scheme, SME100 to help the UK’s SMEs during the current crisis by donating £1m worth of TV advertising campaigns to 100 businesses.
Posted: 06/05/2020
The Australian Government has established funding to support hydrogen-powered projects. The Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC).
Posted: 06/05/2020
The decision by EU regulators to exclude oil and gas from its definition of fossil fuels in draft legislation has met with some disbelief and criticism.
Posted: 05/05/2020
The Spanish government has submitted its 2030 National Energy and Climate Plan (NECP), raising its ambitions for emission reductions of 23 per cent compared to 1990 level.
Posted: 05/05/2020
Australian bank Westpac Banking Corporation has released its Climate Change Action Plan Update, committing the bank to removing thermal coal mining by 2030 and an emissions-intensity target set for the bank’s power generation lending that would likely exclude new coal while making it almost impossible to finance new gas power plants.
Posted: 05/05/2020
Tesla is tentatively considering the UK energy market, lodging an application with Ofgem for an electricity generation licence and allowing the company to “supply to any premises or enabling a supply to be so given” within Great Britain, the territorial sea adjacent to Great Britain or in a Renewable Energy Zone.
Posted: 05/05/2020
Two major UK institutions have confirmed they will support two shareholder proposals calling on Barclays to align its provision of finance with the goals of the Paris Agreement.
Posted: 04/05/2020
Allianz has updated its coal insurance restrictions with a new policy. In addition to the previous exclusion of insurance for coal projects (specifically new coal-fired power plants and mines), Allianz will now no longer offer property and casualty insurance for companies whose business model is largely based on coal and which do not have a clear coal exit path from 2023.
Posted: 04/05/2020
Mutual insurer Royal London Group has joined the International Corporate Governance Network (ICGN) as part of its commitment to promote and support high standards of corporate governance.
Posted: 04/05/2020
A range of international NGOs supporting Unfriend Coal have asked global insurers to champion a green and fair recovery from the COVID-19 crisis, stating that as professional risk managers they should have a unique understanding of global threats.
Posted: 01/05/2020
Vattenfall has secured the right to capture heat from the Cory Riverside Energy’s waste facility at Belvedere, and develop a heat network that could supply 10,500 local homes in London, rather than heat them with conventional gas or electric energy.
Posted: 01/05/2020
In order to help end the spread of the coronavirus Canon has joined the COVID-19 Countermeasure Declaration as a founding member. According to this declaration, members pledge not to enforce intellectual property rights against development, manufacturing and other activities whose purpose is stopping the spread of COVID-19.
Posted: 01/05/2020
The International Energy Agency (IEA) has predicted that the current pandemic represents the biggest shock to the global energy system since the Second World War, and will result in a record annual decline in carbon emissions of almost 8 per cent.
Posted: 30/04/2020
As well as divesting its endowment from fossil fuel companies, Oxford University has also asked its endowment office, Oxford University Endowment Management (OUem) to engage with fund managers to request evidence of net-zero carbon business plans across their portfolios.
Posted: 30/04/2020
Airlines are currently seeking €26bn in bailouts according to tracking from by Greenpeace, Carbon Market Watch and Transport and Environment (T&E). Governments have so far agreed €11.5bn in financial aid and a further €14.6bn is under discussion, but none of this aid comes with binding environmental conditions.
Posted: 30/04/2020
Camden Town Brewery has rebranded one of its best-selling drinks to help UK’s healthcare heroes.
Posted: 30/04/2020
The majority of European banks’ strategies are either misaligned with the goals of the Paris Agreement, or non-existent according to ShareAction.
Posted: 29/04/2020
Nestlé UK has signed a 15-year corporate power purchase agreement (PPA) to buy the output from Ørsted's Race Bank Offshore Wind Farm.
Posted: 29/04/2020
Coal has not contributed to the UK’s energy mix for the last 18 consecutive days, representing the longest non-coal period since 1882.
Posted: 28/04/2020
New York City Comptroller Scott Stringer has called on AIG, Berkshire Hathaway and Liberty Mutual to divest and cease underwriting coal related businesses.
Posted: 28/04/2020
Vattenfall has entered a partnership with Greencoat UK Wind, who will acquire the wind farm following its completion. Located 5km to the east of Dalmellington and between East Ayrshire and Dumfries and Galloway, South Kyle will be Vattenfall’s largest onshore wind farm in the UK.
Posted: 27/04/2020
Some of EU’s biggest environmental groups are calling on governments and the EU to prepare an unprecedented ‘green and just’ economic recovery plan financed by the bloc’s budget, the European Stability Mechanism and possibly even Eurobonds
Posted: 23/04/2020
Oxford City Council has taken delivery of the first EVs that form a part of Pivot Power’s battery energy storage system with 8km of private wire network directly linked to the transmission network, delivering up to 25MW of power across Oxford for mass-scale, electric vehicle charging.
Posted: 23/04/2020
Refinitiv is set to take a series of sustainability steps to help combat climate change in addition to its previous commitment to three core pledges on environment, social impact and sustainable solutions that support the UNSDGs.
Posted: 23/04/2020
Cobalt, copper, lithium, cadmium, and other rare earth elements needed for solar photovoltaics, batteries, electric vehicle (EV) motors, wind turbines, fuel cells, and nuclear reactors will see demand grow at a rapid pace in the upcoming years.
Posted: 23/04/2020
Evian, the Danone brand of spring water, has been globally certified as carbon neutral by the Carbon Trust.
Posted: 22/04/2020
Zouk Capital, manager of the UK Treasury’s Charging Infrastructure Investment Fund (CIIF), today announced the fund’s £80m second close. The second close was anchored from the private sector by Church Commissioners for England (which manages £8.3bn), with funding matched by HM Treasury. The fund now has a total of £150m deployable capital (£275m in signed commitments against a target of £400m), following the first close announced at launch in September 2019.
Posted: 22/04/2020
The Gas Goes Green programme has been announced by the Energy Networks Association (ENA), the new collaboration between the UK’s five gas network operators has been created to meet the challenges and opportunities of climate change, delivering net-zero in the most cost effective and least disruptive way possible.
Posted: 22/04/2020
Blackrock has launched a fund that will invest at least 80 per cent of its total assets in equity securities and equity-related securities of companies globally whose goods and services address the world’s social and environmental problems.
Posted: 22/04/2020
The International Renewable Energy Agency (IRENA) has released its first vision of how a more sustainable future can be engineered, showing that decarbonisation of the energy system supports short-term recovery while creating resilient and inclusive economies and societies.
Posted: 22/04/2020
The Fashion Transparency Index 2020 has been revealed, showing that across the 250 brands and retailers measured the world’s biggest brands have a long way to go towards transparency.
Posted: 22/04/2020
S&P Dow Jones Indices has launched its Eurozone LargeMidCap Paris- Aligned Climate Index and S&P Eurozone LargeMidCap Climate Transition Index.
Posted: 22/04/2020
O2 has announced it has become a partner of The Big Night In Appeal, a joint initiative and event which will see the BBC’s biggest charitable partners, BBC Children in Need and Comic Relief, come together for the first time to help raise money to provide essential support to local charities, projects and programmes across the UK to help those most in need.
Posted: 22/04/2020
Primark has announced that it will commit to pay for £370m of additional orders for product over and above the £1.5bn of stock in stores, depots and in transit. This means it will now take all products that was both in production and finished, and planned for handover by 17 April.
Posted: 21/04/2020
Consumers can now give to their chosen charity by converting their loyalty points and rewards into a digital monetary donation. Following a successful pilot, technology company For Good Causes has released the scheme with additional brands.
Posted: 21/04/2020
Asset managers, pension funds and insurers have formed a group calling for international co-operation within the pharmaceutical industry to combat coronavirus.
Posted: 21/04/2020
Daimler Truck AG and the Volvo Group have signed an agreement to establish a new joint venture to develop and produce fuel cell systems.
Posted: 21/04/2020
Triodos Bank UK has received the Queen’s Award for Enterprise in the Sustainable Development category.
Posted: 21/04/2020
VentilatorChallengeUK (VCUK) the consortium building medical ventilators for the UK; including companies such as Unilever, Rolls Royce, Mercedes F1, McLaren, BAE Systems, Airbus and Accenture; has confirmed that its has secured MHRA approval for the Penlon Prima ESO2 device which has been undergoing testing and clinical trials.
Posted: 20/04/2020
Transport and Environment (T&E) has developed a tool that compares CO2 emissions linked to the use of an electric, diesel or petrol car, and takes a holistic account of all possible criteria such as the amount of CO2 emitted when electricity is produced or fuel is burnt, as well as the carbon impact of resource extraction for batteries or of building a power plant.
Posted: 20/04/2020
BP has joined universities, technology companies and the US government by providing access to its supercomputer to help researchers halt the spread of COVID-19.
Posted: 17/04/2020
Shell has announced that it plans to be a net-zero emissions energy business by 2050 (covering scope one, two and three emissions).
Posted: 17/04/2020
Committee on Climate Change (CCC) chief executive, Chris Stark, has announced that the organisation will refocus its annual Progress Report to Parliament in June to include advice on supporting a resilient recovery following the pandemic, alongside the statutory assessment of the UK’s progress in reducing emissions.
Posted: 16/04/2020
Honda Motor Europe is expanding its battery recycling partnership with SNAM (Société Nouvelle d’Affinage des Métaux) to advance the usability of its end-of-life traction batteries.
Posted: 16/04/2020
The new generation of offshore wind projects could have a far wider set of suppliers if procurement procedures are change, Swedish provider Vattenfall has said.
Posted: 16/04/2020
A new initiative from Lloyds Banking Group and We Are Digital will provide a specialist phone line to help up to 20,000 customers access the internet during the pandemic.
Posted: 15/04/2020
Swiss Re Group, via its non-profit Swiss Re Foundation, is donating $5m to pandemic relief efforts, with the funds distributed to organisations tackling the crisis, particularly in developing countries.
Posted: 15/04/2020
AXA UK is donating £1m to Business in the Community (BITC) marking the start of the partnership between the insurer and Business in the Community.
Posted: 14/04/2020
BlackRock has been selected by the EC for the Development of Tools and Mechanisms for the Integration of ESG Factors into the EU Banking Prudential Framework and into Banks' Business Strategies and Investment Policies contract.
Posted: 14/04/2020
Co-op CEO Steve Murrells is directing his own personal income to kick-start a Co-op Members Fund, which will be channelled into foodbanks, a funeral hardship fund and front-line community causes.
Posted: 14/04/2020
Aviva has pledged £5m to NHS Charities Together, the national umbrella organisation for hundreds of NHS charities across the country, and a donation of £10m to the British Red Cross as part of a package of measures aimed at supporting customers and their communities during the Covid-19 crisis.
Posted: 14/04/2020
Community Platform Neighbourly and retailers including M&S, Lidl and Aldi are leveraging their existing local grass roots charity networks to get more support to redistribute food to people in need as quickly as possible.
Posted: 14/04/2020
Paribas’ UK arm has today pledged £500,000 in philanthropic support to the London-based NHS Imperial Health Charity’s COVID-19 Relief Fund. The money will help London hospitals handle the extraordinary pressures triggered by the coronavirus pandemic.
Posted: 14/04/2020
easyStorage, the mobile storage business created by Sir Stelios Haji-Ioannou, has teamed up with Fresh Food for the Frontline and St Barnabas Church Charity to deliver fresh food boxes to critical care NHS staff as well as vulnerable individuals to support their fresh food supply throughout the coronavirus crisis.
Posted: 14/04/2020
The European Fund and Asset Management Association (EFAMA) has called for a balanced transition from the 2018 Sustainable Finance Action Plan at the launch of the consultation of the EU’s Renewed Sustainable Finance Strategy.
Posted: 09/04/2020
Ben van Beurden, CEO of Shell, has outlined his vision for Shell in the introduction to its annual sustainability report, placing the term ‘responsibility’ at its heart.
Posted: 09/04/2020
Macquarie Group today announced that it has allocated $12m ($A20m) to the Macquarie Group Foundation so it can make donations to organisations working to combat COVID-19 and provide relief. The fund will focus on recipients addressing areas of immediate and medium-term need in Australia and across the regions in which Macquarie operates.
Posted: 09/04/2020
Bernard Looney, the CEO of BP, has declared the coronavirus crisis as showing that it is no longer acceptable for companies to focus solely on maximising profits.
Posted: 08/04/2020
Bic, Cargill, and deSter, have joined the CE100 Network’s pre-competitive space where they will contribute towards the transition to a circular economy through this unique multi-stakeholder platform.
Posted: 08/04/2020
Ten major tech companies have pledged to donate $1.4bn to help contain the Coronavirus. An analysis from Learnbonds.com places Google at the top of the list with about $800m that will be used to support businesses, organisations and healthcare workers as part of its coronavirus response that also includes free advertising on its various platforms.
Posted: 08/04/2020
The Investment Association (IA), on behalf of the UK’s investment management industry, has written to chairs of all FTSE 350 companies, expressing the industry’s commitment to supporting British business during the COVID-19 pandemic.
Posted: 08/04/2020
As the world contemplates strategies after reopening, China and other nations might be trapped into uneconomic and climate unfriendly coal power for decades as the attempt to rapidly build capacity to stimulate their economies, Carbon Tracker warns in a new report today.
Posted: 08/04/2020
Based on preliminary like-for-like EC data examined by Refinitiv, Reuters has reported that greenhouse gas emissions in Europe’s carbon market fell by 8.7 per cent last year.
Posted: 07/04/2020
The Hymans Robertson Foundation has launched a fund to help charities during the COVID-19 crisis. Open to applications from the 50 charities which are already funded and supported by the Foundation, charities will be encouraged to complete a short application for individual grants between £500 and £5,000 and the Foundation will meet weekly to make funding decisions.
Posted: 07/04/2020
The International Energy Agency (IEA) has published a commentary on the how the energy sector has not only directly contributed to climate change but also helped create a potential future water shortage.
Posted: 06/04/2020
Schroders has written an open letter to UK companies showing our support during this unprecedented period, when the very raison d’etre of the stock market will be tested.
Posted: 03/04/2020
Velocys has been planning to build a large-scale low-carbon jet fuel plant at Immingham on the Humber Estuary, but has met with resistance Natural England after the governmental organisation filed an objection to the development.
Posted: 03/04/2020
Penguin Random House UK is distributing free books to communities most affected by the coronavirus crisis, helping provide mental stimulation, company and comfort during the current COVID-19 crisis.
Posted: 03/04/2020
How leading businesses respond to the coronavirus challenge through their partnerships with NGOs, represents a moment of truth for stakeholder capitalism – according to senior professionals from diverse parts of the business and NGO sectors.
Posted: 03/04/2020
Five innovations have been chosen for funding from H&M’s 2020 Global Change Award, with the ideas spanning lab-grown cotton to tracking sustainable fibres by using blockchain technology.
Posted: 02/04/2020
According to research undertaken by HSBC the shares of companies focused on climate change or ESG issues have continued to outperform ‘traditional’ stocks, even during the current pandemic. However, despite the shares in ESG-aware companies outperforming there are some big regional differences.
Posted: 02/04/2020
The Government, representatives of the COP Bureau of the UNFCCC (United Nations Framework Convention on Climate Change) and Italian partners have taken the decision to postpone COP26. The event should now take place in 2021, still hosted in Glasgow.
Posted: 02/04/2020
A New report points a finger at Coca-Cola, Nestlé, PepsiCo and Unilever as being jointly responsible for half a million tonnes of plastic pollution burnt or dumped per year in six developing countries.
Posted: 01/04/2020
Fiddler’s Ferry Power Station in Warrington, Cheshire has closed following nearly 50 years of generation. The closure of the coal-fired power station, which became fully operational in 1973, was announced by SSE in June 2019.
Posted: 01/04/2020
Several major UK banks will stop dividends in order to shore up their balances during the crisis with NatWest, Santander and Barclays, amongst others, following advice from the Bank of England to suspend dividend payments.
Posted: 01/04/2020
Businesses around the UK including Konica Minolta Business Solutions, BP, Everton Football Club, National Grid, DLA Piper, Severn Trent Water, Emerald Group and Experian have joined a scheme to aid the most vulnerable citizens during the coronavirus crisis.
Posted: 31/03/2020
The EU’s outline plans for economic recovery following the COVID-19 outbreak will take into account green policies.
Posted: 31/03/2020
BloombergNEF is predicting that hydrogen could be cost-competitive fossil fuels by 2050 if governments proceed with escalating cost of carbon pollution.
Posted: 31/03/2020
Barclays has stated its ambition to become a net-zero bank, covering its scope 1, 2 and 3 emissions by 2050. The announcement follows pressure from investors, including co-filers of a shareholder resolution organised by ShareAction.
Posted: 30/03/2020
Supermarket chains Co-op and Morrisons are distributing food to food banks during the coronavirus outbreak. Morrisons owns its own food production and supply chain, and as the UK’s largest fresh food manufacturer is in a prime position to help food banks that have been struggling to meet demand.
Posted: 30/03/2020
Much has been made of the future of transport being electric, either with battery electric vehicles (BEVs) or from hydrogen fuel cells. However Mazda has been pursuing a slight different route and is currently involved in joint research projects and studies to promote the widespread adoption of biofuels from microalgae growth.
Posted: 30/03/2020
The Better Society Awards have been moved to 2 December. The organisers need to be mindful of the fast changing situation in the UK and globally, and after consideration of the various options, the decision has been made to hold the Awards in person but later in the year with the same level of excitement and sense of anticipation. So please make a date in your diary and join the celebrations of all that is good on 2 December.
Posted: 30/03/2020
The newly launched Water Resilience Coalition is bringing together major global companies to help preserve freshwater resources. Led by the CEO Water Mandate, an initiative of the UN’s Global Compact, members commit to making a positive impact in water stressed basins, to develop and implement resilient practices across their industry, and to provide leadership and advocacy in the field of water resilience.
Posted: 27/03/2020
New annual figures, published by the Department for Business, Energy and Industrial Strategy (BEIS) in its quarterly Energy Trends report, show that renewables generated 36.9 per cent of the UK’s electricity in 2019, a new record for the energy mix.
Posted: 26/03/2020
In the US, the SEC (Securities and Exchange Commission) has granted requests by oil supermajors Chevron and Exxon Mobil to reject a shareholder proposals demanding a report on how the companies are aligning to climate change goals. In a separate ruling, the SEC also allowed Chevron to avoid the question of whether it intends to align with the Paris goal at all.
Posted: 26/03/2020
A report from the Grantham Research Institute at the LSE shows that actions that insurers can take to support their clients in a low-carbon transition. Although the sector faces challenges, the transition to a low-carbon economy offers significant opportunities for insurers to help manage new risks and support investment in expanding low-carbon sectors.
Posted: 25/03/2020
Water availability is under threat globally, as the report from the National Audit Office makes clear, and the sustainability non-profit organisation Ceres has responded by launching a major effort to catalyse influential capital market leaders to address the financial risks of the water crisis, and call on companies to take action.
Posted: 25/03/2020
A three-year deal worth up to £50m has been signed between Ørsted and Good Energy for offshore wind power. The renewed a deal with the Danish offshore wind energy company will see 12 per cent of the output of Ørsted’s Westermost Rough Wind Farm, located five miles off the Yorkshire coast, supplying Good Energy.
Posted: 25/03/2020
The National Audit Office (NAO) has released a report that warns that the UK could be facing water shortages within two decades.
Posted: 25/03/2020
UK-based Penso Power has secured land rights, planning permission and a grid connection offer to extend its 100MW Minety project by a further 50MW.
Posted: 25/03/2020
Despite the need to generate electricity from a still mixed set of sources, electric cars seldom increase carbon emissions and usually help reduce them, a new research report claims.
Posted: 24/03/2020
Pensions Age is reporting that the £733m Parliamentary Contributory Pension Fund (PCPF) is attempting to ramp up its renewable investments and reduce more fossil fuel exposure.
Posted: 24/03/2020
The City of London Corporation is calling on City firms to donate funding in response to the COVID-19 pandemic through the London Communities Response Fund, which it is supporting through its charitable funder, City Bridge Trust.
Posted: 23/03/2020
The European market for energy storage is slowing, and this was before COVID-19. The figures were revealed in the European Association for Storage of Energy (EASE) and consultants Delta-EE in their fourth edition of the European Market Monitor on Energy Storage (EMMES).
Posted: 23/03/2020
Aviva Investors, Nordea, New York State Common Retirement Fund, Vermont Pension Investment Committee, APG Asset Management and Swedish National Pension Funds have signed a letter from 176 international investors representing over $4.5tr in assets under management demanding action on human rights from major companies by June 2020
Posted: 23/03/2020
The Transition Pathway Initiative (TPI) annual review has found little evidence of corporate climate progress with more than 80 per cent of the highest-emitting listed companies remaining off track for to deliver a lower than 2C temperature increase.
Posted: 20/03/2020
M&S, Lidl, Aldi, Danone and Coca-Cola European Partners have committed a combined total of £500,000 in a partnership with Neighbourly to create the Neighbourly Community Fund, funnelling vital funds directly to community organisations helping those most at risk during coronavirus crisis.
Posted: 20/03/2020
BBC News has reported that there have been “significant drops” in levels of air pollution and CO2 where the coronavirus pandemic response has affected work and travel.
Posted: 19/03/2020
A new pipeline and supply network will begin to provide hydrogen to industrial companies in Lower Saxony and North Rhine-Westphalia from late 2022 onwards.
Posted: 19/03/2020
Volvo Cars has significantly cut its logistics emissions by switching transport between its manufacturing plants and new car depots from road to rail.
Posted: 16/03/2020
The Motorway service area operator has broken its fundraising target with a total of £2.5m from two years of fundraising and a projected total of £4m within three years through an extended charity partnership with Cancer Research UK.
Posted: 16/03/2020
Business Secretary and COP26 President Alok Sharma has announced a £36.7m investment to design, test and manufacture electric machines.
Posted: 16/03/2020
The Chancellor of the Exchequer, Rishi Sunak, has announced an increase in the UK Export Finance's (UKEF) capacity for direct lending to £8bn, with £2bn allocated to support green projects.
Posted: 16/03/2020
Legal & General Investment Management (LGIM) has announced the launch of the UK’s first major ‘fossil fuel free’ fund, in partnership with PensionBee.
Posted: 16/03/2020
O2 suppliers and partners can now buy renewable energy direct from SSE Business Energy at a reduced rate as part of O2’s commitment to cut carbon emissions from its entire business and supply chain by 2025.
Posted: 16/03/2020
The EC’s Technical Expert Group (TEG) on sustainable finance has issued a final version of its report on the EU’s classification of green economic activities, or taxonomy, and a report on the EU Green Bond Standard.
Posted: 13/03/2020
The BEIS Energy Trends report has revealed that renewable electricity generation in the third quarter of 2019 was 28.8 TWh, an increase of 16 per cent on the 24.7 TWh in 2018 third quarter, with share of total electricity generation from renewables standing at 38.9 per cent, the highest recorded, and exceeding the share of generation from gas for the first time.
Posted: 13/03/2020
Coal developers risk wasting more than $600bn because it is already cheaper to generate electricity from new renewables than from new coal plants in all major markets, Carbon Tracker has warned.
Posted: 13/03/2020
The Transition Pathway Initiative (TPI) has welcomed Australian superannuation fund HESTA, with 860,000 and $55bn in assets, to organisation for assessing preparedness for the transition to a low carbon economy.
Posted: 13/03/2020
A new report from the REA has found that jobs in renewable energy and clean technology could increase by 85 per cent in 10 years.
Posted: 12/03/2020
The EC has presented its new Industrial Strategy that aims to aid the transition towards making the EU climate-neutral by 2050 and digital leadership.
Posted: 12/03/2020
The Budget allowed Chancellor Rishi Sunak to make several commitments to the environment, once the immediate issues of Coronavirus had been addressed.
Posted: 11/03/2020
Europe installed 15.4GW of new wind energy in 2019, the majority of this was onshore wind, and now has 205GW of wind energy accounting for 15 per cent of all electricity consumption.
Posted: 11/03/2020
Opus Energy is offering its business customers a fully renewable electricity tariff, targeting small and medium sized (SME) businesses.
Posted: 11/03/2020
Some of the world’s largest asset managers, together worth $36tr are neglecting the ecological and social harms of their investments, according to ShareAction.
Posted: 10/03/2020
Cadent, the gas distribution network, has agreed to issue the UK’s first transition bond, a 12-year €500m bond that will invest in the retrofit of gas distribution networks to facilitate the future use of hydrogen and other low-carbon gases and reduce methane leakage.
Posted: 10/03/2020
One in eight (13per cent) of new car registrations in Europe were EVs, with diesel and petrol car demand decreasing by 17 per cent and 12 per cent respectively.
Posted: 10/03/2020
The Church Investors Group (CIG), representing 70 members and £21bn in assets, has this week written to the leaders of FTSE 350 companies to inform them that it will be enhancing its scrutiny of corporates ESG aspects this AGM season.
Posted: 10/03/2020
Three charities are set to receive a share of £375,000 to roll out prevention programmes across London, following calls to prevent violence affecting young people by providing more support for children at risk of school exclusion.
Posted: 10/03/2020
A new report by Energy Systems Catapult (ESC) has found it is possible to reach net-zero by 2050 if the UK supports innovation and scale-up across three essential areas of low carbon technology, land use and lifestyle.
Posted: 10/03/2020
The UK public is now significantly more concerned by climate change that it was only a few years ago, according to UK Research and Innovation (UKRI) funded research, led by Cardiff University.
Posted: 09/03/2020
Water company Severn Trent (SVT)has announced several long-term commitments to a sustainable future for the business, investing £1.2bn to achieve this.
Posted: 06/03/2020
O2 has announced a target to cut carbon emissions from its business and network by 2025 and working with its supply chain to reduce their emissions by 30 per cent in the next five years.
Posted: 06/03/2020
The Financial Conduct Authority (FCA) has published proposals outlining new climate-related disclosure requirements for listed companies.
Posted: 06/03/2020
Tokio Marine has announced the acquisition of GCube with an expected completion during the first quarter of 2020.
Posted: 05/03/2020
MEV Automobiles, a Manchester-based company, is attempting to accelerate he growth of EVs by reducing one of the biggest barriers to adoption – the price.
Posted: 05/03/2020
Centrica and Volkswagen Group have agreed a three-year partnership to provide home charging hardware solutions for new EV owners.
Posted: 05/03/2020
Paris-based investment manager Ossiam has announced that the company’s four ESG exchange-traded funds (ETFs) now carry an official French socially responsible investment label following an audit by EY France.
Posted: 05/03/2020
Springfield Meadows, considered to be the UK’s most sustainable residential property development project, is to receive funding from Triodos Bank.
Posted: 05/03/2020
The Investment Association (IA) has outlined its expectations of companies on issues including climate change, executive pay, audit quality and diversity ahead of the ‘AGM season’.
Posted: 05/03/2020
Moody's Investors Service has released a paper that makes the case for insurers to remove coal from their activities, saying that such action reduces their exposure to potential climate change liability risk, and reduces the risk of their investment assets becoming stranded.
Posted: 04/03/2020
The Government is consulting on the introduction of E10, a lower carbon fuel mix that could see emissions reductions of CO2 from transport of 750,000 tonnes per year.
Posted: 04/03/2020
Africa’s largest green bond and South Africa’s first offshore green bond has been issued, with IFC investing $200m in the Standard Bank of South Africa’s bond placed on the London Stock Exchange.
Posted: 03/03/2020
The UK’s CO2 emissions fell by 2.9 per cent in 2019, according to Carbon Brief analysis, meaning that the the total reduction over the past decade was 29 per cent, even as the economy grew by a fifth.
Posted: 03/01/2020
The Government has announced that onshore wind projects will be allowed to compete for contracts to generate clean power as a solution to meeting the net-zero emissions target at the lowest cost for consumers.
Posted: 03/03/2020
Branches of Barclays Bank in the high street have been shut down by Greenpeace activists in protest against the bank’s continued support for fossil fuels.
Posted: 02/03/2020
M&S plans to extend the Fill Your Own trial to a second store in Manchester City Centre in March following the trial in mid-December at its Hedge End Retail Park store in Southampton – offering packaging-free essentials including popular cereals, pasta, rice, lentils, confectionery, coffee, dried fruits and nuts.
Posted: 02/03/2020
A new research programme will investigate the financial risks of climate and environmental change in mainstream financial decision making.
Posted: 02/03/2020
Sadiq Khan and Bill de Blasio issued a joint call for cities to divest their pension funds from fossil fuel assets.
Posted: 02/03/2020
National Express Group said that it will not buy another diesel bus for our UK operations and will now transition to zero emission coaches, with a target for the first electric coaches to be in service next year.
Posted: 28/02/2020
A half century of coal-fired electricity generation is expected to come to an end in March 2021, with Drax announcing that its power station in North Yorkshire will stop burning coal by the end next year, three years in advance of the UK’s deadline.
Posted: 28/02/2020
More than 80 stock exchanges in the global Ring the Bell for Gender Equality initiative will celebrate International Women’s Day 2020 (8 March) by hosting a bell ringing ceremony to raise awareness of the pivotal role the private sector can play in advancing the United Nations Sustainable Development Goal 5 on gender equality and women’s empowerment.
Posted: 28/02/2020
In a post for the LSE’s Grantham Research Institute, Alberto De Paoli, the chief financial officer of the energy company Enel Group has revealed that over the next three years the Enel Group will increase the percentage of sustainable financing sources to overall debt from 22 per cent to 43 per cent by the end of 2022 and 77 per cent by 2030.
Posted: 27/02/2020
Global packaging and paper manufacturer Mondi has announced new science-based targets as part of its commitment to support the global transition to a low-carbon economy.
Posted: 27/02/2020
The proposed third runway at Heathrow Airport now faces more time in the courts as the Court of Appeal has ruled that the previous Government's Heathrow's expansion decision was unlawful because it did not adequately take into account climate change commitments.
Posted: 27/02/2020
BP has announced that it will leave three US-based organisations – American Fuel and Petrochemical Manufacturers (AFPM), the Western States Petroleum Association (WSPA) and the Western Energy Alliance (WEA).
Posted: 26/02/2020
Pivot Power, a part of EDF Renewables, has placed an order with Finnish technology group Wärtsilä to deliver 100 MW of energy storage in the UK.
Posted: 26/02/2020
British Airways has a new target to remove more than 700 tonnes of single-use plastic on board its flights in 2020, amounting to more than a quarter of a billion individual items of plastic and equivalent to more than 30,000 suitcases full of single-use plastic – leaving the company’s PR department the opportunity of creating a giant plastic suitcase to illustrate the point.
Posted: 26/02/2020
The second largest mining operator in the world has released its annual results – and stated that it will spend $1bn over the next five years as it attempts to reach net-zero emissions by 2050.
Posted: 26/02/2020
A thousand delegates from more than 140 countries have started negotiations in Rome on the “zero” draft of a post-2020 global biodiversity framework and targets for nature to 2030. The new framework will be considered by the 196 Parties to the Convention on Biological Diversity (CBD) at the 2020 UN Biodiversity Conference (CBD COP15), Kunming, China, 15-28 October 2020.
Posted: 25/02/2020
UKSIF has announced that Simon Howard will be stepping down as the CEO of the organisation. Howard has held the position for the last seven years, and UKSIF’s nomination committee will now be initiating a search for a successor. Howard will remain CEO until the autumn, when the search process should be complete.
Posted: 25/02/2020
Nearly a thousand (882) European companies have report a total of €124bn in new low carbon capital investment and R&D in 2019, with current company investments expected to deliver at least 2.4Gt of lifetime emissions savings.
Posted: 25/02/2020
Jeff Bezos, founder of Amazon, has announced that he will be donating $10bn to a new non-profit organisation called, somewhat modesty, the Jeff Bezos Earth Fund to help protect the environment from climate change.
Posted: 24/02/2020
None of the current top ten largest public US companies have made it to the top 40 list of the most sustainable companies ranked by Calvert Research and Management.
Posted: 24/02/2020
Luxury goods maker Burberry has created a Regeneration Fund to support future carbon insetting projects in its global supply chain, starting with wool producers in Australia.
Posted: 24/02/2020
Nearly half of the world’s GDP is now generated in places where authorities and regulators have set or are proposing to set a target for net-zero emissions in or before 2050.
Posted: 24/02/2020
Alison Rose, the new CEO of the Royal Bank of Scotland, has announced that awareness of climate change will now inform the bank’s decisions.
Posted: 24/02/2020
A total of £21m has been awarded awarded to ten smart energy projects across UK to trial new technology which could become a blueprint for greener localised energy generation.
Posted: 24/02/2020
Shell has entered an agreement with a Chinese-backed energy battery in Wiltshire. Claiming to the largest such device in Europe, the 100MW battery near the village of Minety will provide back-up electricity to the National Grid, smoothing flow by storing energy at low demand and adding at peak.
Posted: 24/02/2020
The off-grid solar industry is now a $1.75bn annual market a new World Bank Group and GOGLA, the global association for the off-grid solar energy industry, report shows.
Posted: 24/02/2020
A quarter of the FTSE All Share companies faced shareholder wrath in 2019, with executive pay and director re-election continuing topping the list of concerns.
Posted: 24/02/2020
NHS Property Services has entered into a green energy contract with Inspired Energy whereby British Gas Business will provide 100 per cent renewable electricity to all its properties across England by this April, and in so doing reducing CO2 by over 40,000 tonnes a year.
Posted: 21/02/2020
BAE Systems is offering 16 to 18 year olds the opportunity to get real-world experience as an engineer and first-hand experience of their cutting-edge aerospace and defence projects.
Posted: 20/02/2020
Unilever and JD Logistics have joined forces to drive a number of sustainable business initiatives in the supply chain. As part of the agreement, Unilever will be working closely with the Chinese retailer and its supply chain and logistics arm, JD Logistics, to explore opportunities to digitise and modernise the 'Unilever-JD ecosystem' -- from plastic recycling and collection to 5G delivery solutions and less carbon-intense transportation.
Posted: 17/02/2020
A new study from Cambridge University explores the steps banks may be able to take to address the “challenge of our time”, or the transition to a low carbon economy. This extensive study highlights the need for banks to develop an "active mindset" to help accelerate the shift.
Posted: 18/02/2020
BlackRock has made a charitable contribution of 15.6 million shares of PennyMac Financial Services, with a market value of $589m, to fund the firm’s social impact efforts to advance a more inclusive and sustainable economy.
Posted: 14/02/2020
The Task Force on Climate-related Financial Disclosures (TCFD) has announced that it has officially reached more than 1,000 supporters globally.
Posted: 14/02/2020
EDF have acquired a majority stake in Pod Point, as part of a newly formed joint venture with Legal & General Capital who will take a 23 per cent stake in the venture.
Posted: 14/02/2020
New Secretary of State for Business, Energy and Industrial Strategy Alok Sharma will now chair COP26 in November.
Posted: 14/02/2020
RenewableUK has appointed the former MP for Great Grimsby Melanie Onn as the organisation’s new deputy chief executive.
Posted: 13/02/2020
Epworth are to launch a new sustainable fund in May, aimed at UK registered charities.
Posted: 12/02/2020
BP, under its new CEO Bernard Looney has announce that it will become net-zero by 2050 or ‘sooner’.
Posted: 12/02/2020
The UK’s first post-subsidy community solar farm, Creacombe Solar Farm near Yealmpton, South Devon, has now been connected to the National Grid
Posted: 11/02/2020
Despite widespread expectations of an increase, energy-related carbon dioxide emissions stopped growing in 2019, according to IEA data.
Posted: 11/02/2020
BloombergNEF (BNEF) has monitored investment across Africa in 2018, reporting that $2.8n was spent on renewables projects in sub-Saharan Africa (excluding South Africa) a new regional record and $600m more than the previous year.
Posted: 10/02/2020
LEGO has announced that it will be stopping the use of virgin plastics in the production of its blocks by 2030, and instead use plant-based materials.
Posted: 10/02/2020
Great Portland Estates (GPE) has signed an innovative £450m ESG-linked unsecured revolving credit facility.
Posted: 07/02/2020
In January, as reported here, Lloyds Banking Group announced that it would aim to reduce carbon emissions and would announce products and services in 2020 to support its own footprint reduction and that of its customers.
Posted: 07/02/2020
Research carried out by ING considers the circular economy from the consumer’s perspective, a companion piece of research to earlier surveys of US firms, and reveals a movement against unsustainable brands.
Posted: 07/02/2020
ING has seen 60 sustainability improvement loans and green loans supported in 2019, on top of 62 social sustainability bonds, a total increase of 119 per cent from 2018.
Posted: 07/02/2020
Konica Minolta has been declared one of the Global 100 Most Sustainable Corporations by Canada-based Corporate Knights.
Posted: 07/02/2020
Sandbag and Agora Energiewende, self-described ‘think tanks’ have launched a sixth annual report on European energy trends, showing the rapid decarbonisation of the energy sector.
Posted: 06/02/2020
IRN-BRU maker AG Barr is to use fossil-free electricity to power its operations across the UK following a deal with Vattenfall.
Posted: 06/02/2020
Pension scheme trustees are currently failing in their duty according to the UK Sustainable Investment and Finance Association (UKSIF) following the 2019 change whereby trustees must publish their approach to protecting people’s pension savings from the financial risks of climate change and ESG issues.
Posted: 06/02/2020
The country’s largest housebuilder, Barratt Developments, has today become the first housebuilder to announce new science-based targets for reducing carbon emissions.
Posted: 05/02/2020
TalkTalk has partnered with charity Ambitious about Autism to launch Employ Autism in the North West.
Posted: 05/02/2020
Carlsberg Group has signed an agreement to purchase 20 D Wide Z.E. electric vehicles from Renault Trucks. The fully electric 26-tonne trucks, which will be delivered in 2020, will be operated by the Feldschlösschen brewery, the Group's Swiss subsidiary.
Posted: 05/02/2020
North London Waste Authority (NLWA), in partnership with the seven north London boroughs, is launching a Low Plastic Zone.
Posted: 05/02/2020
The Equator Principles Association (EPA) and the International Finance Corporation (IFC) have announced they are officially joining efforts to help strengthen the capacity of financial institutions to manage environmental and social risk under the IFC’s Performance Standards - a comprehensive and practical approach to managing risks in emerging markets.
Posted: 05/02/2020
The UK Advertising Standards Authority has ruled Ryanair’s claims to be green as misleading.
Posted: 05/02/2020
EY has announced plans to be carbon neutral by the end of 2020, by both reducing and offsetting its carbon emissions.
Posted: 04/01/2020
The UK Sustainable Aviation (SA) coalition has committed to achieve net-zero carbon emissions by 2050, officially revealing the pledge at an event with Transport Secretary Grant Shapps.
Posted: 04/01/2020
Petrol and diesel cars will no longer be sold in the UK after 2035, bringing forward the proposed ban by five years.
Posted: 04/01/2020
Cliff Prior, the chief executive of Big Society Capital, has announced his departure after four years at the helm of the social impact investment institution. Prior is leaving to join the Global Steering Group for Impact Investment (GSG) as its new chief executive.
Posted: 04/01/2020
Sky has announced plans to go net zero carbon by 2030 by cutting the emissions created from the use of its products, its suppliers across the world and by its business
Posted: 04/01/2020
Konica Minolta has received the Top Employers Institute Certification for its employee engagement for the third year in a row.
Posted: 03/02/2020
Ofgem’s new chief executive Jonathan Brearley has launched Ofgem’s Decarbonisation Action Plan that sets a target of ten million electric vehicles by 2030, will support the development of an offshore grid with a four-fold increase in offshore wind generation by 2030 and create an innovation fund for tackling climate change.
Posted: 03/02/2020
The Plastics Pact Network has expanded with the inclusion of the South African Plastics Pact. led by the World Wide Fund for Nature (WWF-SA) with the support of the South African Plastics Recycling Organisation (SAPRO) and WRAP, alongside national government support from the Department of Environment, Forestry and Fisheries (DEFF).
Posted: 31/01/2020
A new index, developed by the Church of England Pensions Board in collaboration with FTSE Russell and the Transition Pathway Initiative (TPI), will enable passive funds to invest in companies aligned to the Paris Climate Agreement.
Posted: 31/01/2020
UPS Ventures is investing in Arrival, following similar investment from Hyundai and Kia.
Posted: 31/01/2020
According to Bloomberg NEF (BNEF), corporations have been buying record amounts of clean energy through power purchase agreements (PPAs) in 2019, growing the market by 44 per cent over 2018.
Posted: 30/01/2020