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.
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.
EU negotiators are agreeing a compromise on its ‘green finance’ regulation – the rules for which financial investments can be labelled environmentally sustainable.
Young people starting their first job should be automatically enrolled in a sustainable pension, the UK Sustainable Investment and Finance Association (UKSIF) has argued. UKSIF-commissioned polling shows millennials that want their savings to make a positive impact as well as making money and UKSIF is now urging MPs to support sustainable auto-enrolment.
Moody’s Investors Service announced its acquisition of Four Twenty Seven, after purchasing a majority share in the climate change risk assessment and economic analysis firm. Through this acquisition, Moody’s will expand its research and assessment capabilities and potentially increase or decrease the credit ratings of numerous businesses and countries, leading investors to reconsider their lending.
In a recent draft of an energy industry proposed lending policy, the European Investment Bank (EIB) laid out a plan to take steps toward the achievement of the environmental sustainability goals set in the Paris Climate Accord. This creates conflict with their previous investments in the non-renewable fossil fuel industry.
The Environmental Audit Committee has published its report into UK Export Finance (UKEF) investigating the scale and impact of financing of fossil fuels in developing countries, revealing that most of UKEF’s investment undermines the UK’s climate commitments.
Big Society Capital’s is asking the Government to consider expanding the eligibility for schemes under its Social Investment Tax Relief (SITR) number stating that criteria are currently too limiting and have been inhibiting take-up.
Australian retail chain Woolworths Group is aiming to further reduce its environmental impact by becoming the first supermarket to issue green bonds certified by the Climate Bonds Initiative (CBI).
Bristol Wood Recycling Project (BWRP) raising £430,000 through a new bond offer on Triodos Bank's crowdfunding platform. The enterprise collects, repurposes and sells wood that would otherwise go to waste.
Barclays has launched a new feature for customers within its mobile banking app giving them the ability to ‘turn off’ spending with certain types of transaction.
The UK leads Europe for sustainable and responsible investment (SRI) according to data from Eurosif, Europe’s sustainable and responsible investment membership organisation.