Climate Change Act

DEFINITION: Government legislation which commits the UK to reduce greenhouse gas emissions. It established the framework to develop a targeted and economically-credible plan to reduce current and future emissions. The Climate Change Act commits the government to reducing greenhouse gas emissions by at least 80% of 1990 levels by 2050. 

 

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The survey results will form the basis of a major new report being published by edie in March

The 2021 Sustainable Business Leadership Survey (8 minutes)

From Covid-19 to COP26, this flagship annual survey asks sustainability, CSR and energy leaders about the biggest drivers, challenges and opportunities facing green business in 2021.

The UK's climate action is under mounting scrutiny in the lead-up to COP26

Leading or lagging: Is 2050 too late for net-zero in the UK?

When the UK first announced its legally binding net-zero target, it was described as 'world-leading'. But, given that the IPCC recommended 2050 as a final cut-off date, the debate has been intensifying around whether the nation can go further and faster.

With current policies, the UK is only likely to deliver one-fifth of the emissions reductions needed by 2035

CCC: UK 'has no coherent plan to reduce emissions this decade', despite net-zero pledge

The UK Government has not yet backed up its long-term climate target of net-zero by 2050, often described as "world-leading" by Ministers, with realistic and ambitious delivery plans, the Climate Change Committee (CCC) is warning.

The guide is free to download for edie users

edie launches new business guide on TCFD recommendations

edie has launched an updated Explains guide answering important questions for businesses looking to align their reporting with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).

The Group will also upskill employees to educate them on new climate-related initiatives as they are introduced

Addo Food Group targets net-zero emissions by 2035

The owner of food brands such as Wall's, Bowyers and Pork Farms has announced its intention to reach net-zero emissions by 2035 by setting science-based targets across its whole value chain in line with the 1.5C ambition of the Paris Agreement.

Aviva has been warning the Government that the financial sector is not yet aligned with the net-zero transition, and will continue to do so ahead of COP26

Aviva and WWF push UK to mandate climate transition plans for financial sector

British financial institutions should be mandated to outline their plans for decarbonising investments in line with the national net-zero target by the end of 2023, Aviva Investors is recommending.

Sir David King (pictured) is chairing the new Group. Image: ClimateRepair, CC BY-SA 4.0 https://commons.wikimedia.org/wiki/File:Sir_David_King_-_photograph..jpg 

Climate Crisis Advisory Group: New body launches, modelled after British scientists' Covid-19 initiative

A global group of climate scientists and thought leaders in the field have launched a new independent group, tasked with advising and criticising national governments on their policy response to the climate emergency.

Leeds (pictured) is hosting the new Bank

UK's National Infrastructure Bank launches, with tackling climate change as key objective

The UK's National Infrastructure Bank (NIB) is launching in Leeds today (17 June), with Chancellor Rishi Sunak promising that it will funnel billions of pounds into the UK's net-zero transition.

Hundreds of shareholder motions on climate have been filed this year already

'Votes have jumped dramatically': Why investors are pressing companies to accelerate climate action

The 2021 AGM season saw a flurry of climate-related shareholder resolutions being filed - and passed - at the world's biggest banks and fossil fuel majors. Here, edie interviews the architects of these resolutions to get an inside look at their development and growing success.

Pictured: The aftermath of Storm Ciara at Climping Beach, Sussex, in 2020

'Less talk and more action is needed': Green economy reacts to major climate adaptation report from the CCC

Environmental charities, think tanks and business groups are urging the UK government to take the Climate Change Committee's (CCC) new advice on building resilience to risks including floods, heatwaves and international supply chain disruption.

Hotter, wetter winters, hotter, drier summers and impacts to global supply chains could result in losses worth billions of pounds. Pictured: Flooding around the River Severn, Shropshire

Cost of climate damage to UK could triple without better adaptation plans, CCC warns

Climate risks to the UK are increasing in number and magnitude more rapidly than expected, with billions of pounds worth of infrastructure at risk in the coming decades.

The two businesses join forces with the hundreds of other companies signed up to each initiative 

Polestar and Google to halve emissions and join Race to Zero campaign

Swedish electric vehicle (EV) manufacturer Polestar and technology giant Google are the latest firms that have agreed to halve emissions by 2030 as part of a wider effort to deliver net-zero value chains, by joining the UN's Race to Zero campaign and the Exponential Roadmap Initiative.

The UK's 2019 'State of Nature' report revealed that most UK species have declined since the 1970s, with 15% now facing extinction 

UK Government commits to 'nature-positive' future following landmark biodiversity review

Following the publication of the landmark Dasgupta Review, which argued the case for biodiversity considerations to be embedded in all economic decisions by the government, a new commitment for all large infrastructure projects to be 'nature positive' has been made.

The official communique covers most parts of the green agenda, but with detail lacking

G7: What was (and wasn't) agreed by world leaders to combat the climate crisis

From "green Marshall Plans" and net-zero energy sectors to a lack of clarity on green spending and transport decarbonisation, edie rounds up what was and wasn't agreed at the G7 Summit.

Green groups have been staging protests outside the summit, calling for stronger action on the climate and nature emergencies

G7 final communique: Nations promise coal phase-out and $100bn climate finance

The final agreements from this year's G7 summit have been published, featuring commitments to phase-out coal-fired power generation and get back on track to deliver $100bn of climate finance to less wealthy nations.

The report comes ahead of the 15th COP on biodiversity and the 26th COP on climate

'Narrow focus' leaving world off-track on climate crisis and nature loss, major UN report warns

Governments are largely failing to respond to the interconnected nature of global heating and the impending sixth mass extinction, not only leaving the world off-track to meet key goals but making the transition to a sustainable future more expensive and less efficient.

Ikea states that achieving 100% renewable electricity through suppliers in Poland, China and India will save 670,000 tonnes of carbon emissions annually

Ikea launches renewables programme for direct suppliers

Ikea has unveiled a new programme that will ensure that all of its direct suppliers are powered by 100% renewable electricity, as the retailer pushes towards its commitment to become 'climate positive' by 2030 by reducing more emissions than the value chain emits.

95% of the kelp forest in the proposed project area has been lost since the 1980s, the councils claim

Carbon-sequestering kelp: Sussex councils team up for major natural capital project

Two West Sussex Councils have applied for permission to create a large 'undersea forest' of kelp - a project they claim will boost biodiversity while sequestering carbon emissions.

The main G7 Summit will take place between 11-13 June in Carbis Bay, Cornwall, with business meetings on day one

Green finance tools and net-zero sector coalitions: CEOs present climate initiatives to world leaders at G7

EY, HSBC and Heathrow Airport are among the 300 businesses presenting three new solutions to help the private sector play its role in tackling the climate crisis to G7 leaders on Friday (11 June).

The best performer, the DAX 30, still failed to meet Paris Agreement requirements, with a 2.2C temperature trajectory

G7 nations failing to align major stock indexes with climate commitments, report reveals

None of the largest stock indexes operating in G7 nations are aligned with either of the Paris Agreement on climate change's two pathways, according to new research out today (10 June).

The UK Government has confirmed that the Summit will take place between 11-13 June in Carbis Bay, Cornwall

Climate change at the G7 Summit: Everything you need to know

World leaders are meeting in Cornwall this week (11-13 June) as part of the G7 Summit. The climate crisis is a key theme for policymakers going into the event, but how much prominence will it have as the world's largest economies attempt to respond to the ongoing coronavirus pandemic?

Image: George Rex, CC BY SA (https://www.flickr.com/photos/rogersg/22573356606)

Bank of England's 'fiendishly complicated' climate stress tests launched for financial sector

The Bank of England has released new information on the requirements of its upcoming climate stress tests, which will require large banks and insurers to measure and disclose climate-related risks.

Through the initiative, asset owners commit to decarbonising pension funds and investment portfolios by 2050 at the latest

ABP and National Trust sign up to net-zero investment initiative

Europe's largest pension fund, the Church of Sweden and the National Trust are among six new signatories to a global net-zero asset owner commitment to decarbonise financial portfolios in line with the ambitions of the Paris Agreement.

Image: Dove

Unilever announces first €1bn Climate & Nature Fund project

Unilever has announced that the first project to benefit from its flagship €1bn Climate & Nature Fund will be a forest restoration scheme in Indonesia, developed through beauty brand Dove.

The new commitment was unveiled as part of the company’s latest sustainability report

McCain commits to regenerative agriculture across all farms by 2030

The UK's largest manufacturer of frozen potato products, McCain, has today (7 June) committed to ensuring that every potato grown across its 370,000 acres worldwide is done so using regenerative agricultural practices by 2030.

Oxfam is calling on G7 nations to set new climate targets in the build-up to COP26

Report: Climate change to deliver GDP loss double that of Covid-19 on current policy levels

Nations could experience a loss in GDP double that of the economic crash caused by the coronavirus pandemic, if leading countries do not introduce more ambitious climate pledges, according to a new report warning that the G7 could lose 8.5% of its economy each year by 2050.

The UK was the first major nation to confirm plans to mandate climate disclosure back in November 2020

G7 agree on 'historic steps' to make climate reporting mandatory

Chancellor of the Exchequer Rishi Sunak met with finance ministers in London this weekend, with discussions leading to a historic agreement that G7 nations will mandate climate reporting in line with the recommendations of the global Taskforce on Climate-related Financial Disclosures (TCFD).

The TNFD has officially launched today

Can the Taskforce on Nature-related Financial Disclosures solve the global ecological crisis?

The Taskforce on Nature-related Financial Disclosures (TNFD) officially launched on Friday (4 June) with an overarching aim to align corporate reporting and financial spending to alleviate nature-related risks. Here, edie explores whether the new initiative can generate enough momentum to deliver tangible change.

The science-based targets could be unveiled this year

Highland Spring commits to net-zero emissions by 2040

The Highland Spring Group has unveiled an ambition to achieve net-zero emissions by 2040, with targets in place to halve emissions by 2030 through soon-to-be-developed science-based targets.

Mondi’s new strategy was released in January this year

Mondi inks €750m adjustable loan based on SDG performance

Packaging giant Mondi has signed a new €750m revolving multicurrency credit facility agreement (RCF) that will be adjusted based on the company's performance against its sustainability strategy that is aligned to the Sustainable Development Goals (SDGs).

Verified methodologies will be developed to ensure investment supports social and environmental improvements

Unilever, Google and Amazon among new Business Alliance to Scale Climate Solutions

Major businesses including Salesforce, Amazon, Netflix, Unilever and Microsoft have formed a new alliance aimed at mobilising funding for scalable climate solutions.

Heathrow is now calling on ministers to support the scaling up of SAF production by setting mandates that require a minimum of 10% SAF use by airlines by 2030

Heathrow Airport adds sustainable aviation fuels to decarbonise flights

Heathrow has incorporated aviation fuel made from waste oils and fats for the first time, as the UK's largest airport seeks to establish proof of concept for the widescale use of Sustainable Aviation Fuels (SAFs) in a bid to reduce emissions from flights.

Image: European Union

EU and Japan seal 'green alliance' in bid for climate neutrality

The European Union and Japan have reaffirmed their "shared ambition of reaching net-zero greenhouse gas emissions by 2050" at the conclusion of a bilateral summit which included the signature of an EU-Japan "Green Alliance".

The report estimates that annual investments into NbS will need to reach $536bn annually by 2050

$8trn funding gap: UN report calls for four-fold increase in nature-based solutions investment

The world is facing an $8.1trn financing gap into nature to help combat the climate crisis and ecological breakdown, according to a new UN report that warns that annual investments into nature-based solutions (NbS) need to increase fourfold by 2050.

Businesses that sign up will receive climate-related support from the likes of NatWest, Google, Scottish Power and BT

Prime Minister Boris Johnson urges UK SMEs to make net-zero commitments

Prime Minister Boris Johnson has issued a rallying call to the UK's small and medium-sized (SME) businesses to make small steps to reduce emissions and contribute to the UK's net-zero target for 2050.

The chance of temporarily reaching 1.5C above pre-industrial levels has roughly doubled compared to last year’s predictions

World's hottest year on the horizon, new Met Office climate analysis warns

There is a 90% chance that one of the next five years will be the hottest on record, a new report from the Met Office and World Meteorological Organisation (WMO) is warning.

Sir Roger helped the Green Finance Institute to focus on growing the contribution of the financial sector to the G20 climate agenda

Green Finance Institute chair Sir Roger Gifford passes away

Green Finance Institute chair and senior banker for Skandinaviska Ennskilda Banken (SEB), Sir Roger Gifford, has passed away aged 65.

The guide is free to download for edie users

edie launches new business guide on the circular economy

Organisations looking to accelerate the transition to a circular economy now have access to a comprehensive 'edie explains' guide which breaks down everything there is to know about achieving a zero-waste world.

The report reveals the extent of strings-free financing to high-emitting sectors, often in misalignment with the Paris Agreement or with banks and investors' own climate commitments

WWF: UK banks and investors financing projects with double nation's climate impact

UK banks and asset managers collectively financed projects emitting 805 million tonnes of greenhouse gases in 2019 - around twice the UK's annual national carbon footprint.

Estimates suggest that financing this market will reach $854bn annually by 2030 to halt natural degradation

Investors and businesses urged to address $700bn nature-based solutions finance gap

A new report has warned that a $700bn investment gap into "Nature-based Solutions" needs to be addressed in order to meet wider net-zero goals and combat the climate crisis.

Toombs outlined how business can contribute to each COP26 'goal', including a new fourth ambition on collaboration 

'Engage your suppliers and competitors': COP26 architect urges business collaboration ahead of crucial climate summit

The UK COP26 unit's director of partnerships and engagement, Matt Toombs, used his keynote speech at edie's flagship Countdown to COP26 event to outline exactly how businesses can properly prepare for the crucial talks.

Covid-19 was cited as the biggest barrier to sustainability-related action from banks

Survey: Sustainability prioritised by less than one-third of UK bank boardrooms

In a survey of 300 executives at some of Europe's biggest banks, less than one-third of UK respondents said their business is framing sustainability and a board-level priority.

EnergyTag states that there is currently no recognised system to verify hourly clean energy consumption

Google and Microsoft among businesses backing 24/7 clean energy tracking

More than 100 global companies, including PwC, Microsoft and Google, are taking part in a new worldwide initiative aimed at verifying clean energy sourcing on an hourly basis.

#SustyTalk: Countdown to COP26 with Natural England's Tony Juniper - Environment Bill and nature-based solutions

With COP26 less than six months away, edie has launched a new series of videos with high-level speakers, designed to inspire and empower your preparations for the conference. Up next, Natural England chair Tony Juniper.

Campaigners claimed that Shell's plans could only cut emissions by 10% by 2030, in absolute terms

Shell shareholders vote against climate activists' net-zero plans

Royal Dutch Shell received overwhelming backing for its own energy transition strategy at its AGM today (18 May), but a shareholder resolution that would have forced accelerated climate action did not pass.

IEA: World must stop petrol and diesel car sales by 2035 for net-zero transition

The International Energy Agency (IEA) has published a landmark report outlining the sweeping changes needed in the power, energy and heat sectors if the world is to have the best chance of limiting temperature increases to 1.5C.

The ITF believes that transport emissions can be reduced by more than 70% by 2050 through enabling policies

Global transport emissions to skyrocket 16% based on current policies

Global traffic emissions look set to rise by 16% by 2050 based on current policies, as demand for transport activity doubles, according to a new report that is calling for ambitious climate policies to reduce emissions from the sector.

#SustyTalk: Countdown to COP26 with Sky's Fiona Ball - communication and collaboration for climate action

With COP26 less than six months away, edie has launched a new series of videos with high-level speakers, designed to inspire and empower your preparations for the conference. Up next, Sky's group director for Bigger Picture, Fiona Ball.

BP has a net-zero emissions target set for 2050

BP shareholders reject tougher climate targets

More than one-fifth of BP shareholders supported a resolution from climate activists calling on the energy giant to set tougher emission reduction targets for its net-zero transition, but ultimately the filing was rejected.

Pictured: Sharma travelled to the Whitelee onshore wind farm, near Glasgow, to deliver the speech. Image: UK Government 

COP26 will go ahead in person, Alok Sharma confirms

COP26 President Alok Sharma has confirmed that the Government is planning to host the conference in-person rather than on Zoom, stating that face-to-face meeting is important to deliver "an inclusive summit".

Pictured: Carbis Bay, Cornwall, where next month's summit will take place

'Future generations are relying on us': Businesses urge leaders to prioritise climate and nature at G7 Summit

A string of the world's biggest trade bodies are urging world leaders, including Prime Minister Boris Johnson, to ensure that next month's G7 Summit prioritises the international response to the climate and nature crises.

Pictured: Flooding in Texas following Storm Harvey in 2017

Cities need $72bn boost to protect residents from climate change, CDP reveals

An analysis of the climate mitigation and adaptation plans of 800 major cities has found that one in four does not have the budget to protect their residents from climate impacts like floods.

The Festival will run from May through to October, kicking off with a flagship eponymous virtual event on 20 May

edie launches Countdown to COP26 Festival of content and events ahead of crucial climate summit

edie has today (7 May) unveiled a six-month programme of digital content and events which will unite thousands of business leaders, sustainability and energy professionals, policymakers, academics and green groups in the run-up to the COP26 climate talks.

Faye joined SGN in 2009 and has studied with the Open University to work her way up to her current role

Meet edie's 30 Under 30 Class of 2020: Faye Hyslop, SGN

This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: Faye Hyslop, environment manager at SGN.

Image: Sheba/TheNature Conservancy 

'World's largest' coral reef restoration project backed by Mars Petcare

Mars Petcare brand Sheba has partnered with The Nature Conservancy to deliver what it claims is the world's largest coral restoration programme, covering more than 185,000 square metres.

Offsetting will be used as the Co-op works to reduce the footprint of products directly by 11% by 2025 

Co-op targets carbon neutrality across own-brand food and drink by 2025

In what it claims is a first for a UK supermarket, the Co-op has pledged to ensure that all own-brand food and drink products are carbon neutral by 2025.

The initiative is voluntary for suppliers

Tesco links supplier financial support to environmental goals

Tesco is offering preferential financing rates for suppliers that address their environmental impacts, under a new voluntary programme supported by Anthesis, KPMG and Santander.

Yum! Brands, which owns Taco Bell and KFC, is one of the brands to have improved climate targets 

Fast-food giants beef up climate commitments following investor pressure

The likes of McDonald's, Domino's and Yum! Brands, which owns KFC, have all improved their climate commitments this year following pressure from an $11trn coalition of investors.

The BGA is encouraging corporates to sign up to the Race to Zero campaign

UK green groups form new business alliance to spur corporate race to net-zero

A cohort of UK corporate green groups have formally banded together to launch the UK Business Group Alliance for Net Zero (BGA), in a bid to raise climate action in the build-up to COP26 and to ensure the nation meets its net-zero target for 2050.

The COP26 business guide is free to download for all edie users

Report: What are the business opportunities of COP26?

edie has today (28 April) published a new Explains guide detailing everything you need to know about this year's COP26 climate summit and how businesses can get involved and use the discussions to improve their approach to sustainability and the net-zero transition.

Of the businesses that do report on financed emissions, most disclose less than half of their overall impact

CDP: Three-quarters of finance giants not disclosing climate impacts of portfolios

The average finance firm’s financed emissions will be 700 times higher than those of their direct operations- but just one in four companies are measuring and disclosing them.

edie Explains: The business opportunity of COP26

What is COP26? What are the summit’s aims and desired outcomes? How does the COP process work? And what is the business opportunity before, during and after the talks? This new edie Explains guide answers all of these questions and more.

The FDF will launch a dedicated roadmap to net-zero at COP26

UK's food and drink sector targets net-zero emissions by 2040

The Food and Drink Federation (FDF), which represents more than 300 companies, has today (27 April) unveiled an ambition on behalf of the sector to reach net-zero emissions by 2040.

Solar costs have fallen by an average of 18% every year since 2010 with wind prices down 9% annually

Report: Solar and wind can meet global energy demand 100 times over

The tumbling costs of wind and solar can unlock demand that could power the world 100 times over, with a new report from think tank Carbon Tracker finding that renewables are set to push fossil fuels out of the electricity mix by the mid-2030s.

The LEAF initiative aims to mobilise at least $1bn to support emissions reductions by ensuring tropical forests that act as carbon sinks are protected from deforestation

Amazon and Unilever among businesses teaming with governments on $1bn deforestation pledge

A group of businesses including Amazon, Unilever, and Nestlé has joined the UK, US and Norwegian governments in setting up a new public-private initiative committing $1bn to combat the climate crisis through the conservation and preservation of tropical forests across the globe.

The webinar will take place at 11am (BST) on Wednesday 21 April and will be available to watch on-demand for those who register

Available to watch on-demand: edie's biodiversity webinar featuring Kering and Unilever

Speakers from Kering, Unilever and the Woodland Trust discussed the role of biodiversity in shaping and assisting sustainability strategies on a webinar that took place on Wednesday (21 April). A recording of the sessions is available to watch on-demand.

Today's summit will run from 8am to 3pm Washington time

US sets first 2030 climate goal as Canada and Japan increase targets

US President Joe Biden has unveiled a new 2030 climate target, entailing a 50-52% reduction in emissions against a 2005 baseline. Canada and Japan, meanwhile, have increased their 2030 climate targets. 

Policymakers were keen to confirm new targets ahead of the Biden Administration's Earth Day summit

Breakthrough as EU negotiators clinch deal on European climate law

European Union negotiators reached a deal on the European Climate Law after 14 hours of talks on Wednesday (21 April), allowing the EU to go into this week's US-hosted climate summit with an agreement on the bloc's 2030 target.

First held on 22 April 1970, Earth Day is an annual celebration 

From Burger King to Whitbread: Business giants mark Earth Day with new climate targets

Several well-known brands, including Burger King, Ribena, Lucozade and Visa, have marked Earth Day 2021 by announcing new climate targets such as net-zero ambitions.

Orsted, the operator of the pictured Horns Rev 2 offshore wind farm, is named in the report as a leader on corporate carbon pricing. Image: Orsted 

More than one-third of large companies putting a price on carbon internally, CDP finds

A survey of some 6,000 large businesses on carbon pricing has revealed that more than one-third are using an internal carbon price or are planning to implement one by 2023.

The first 160 member firms collectively represent $70trn of assets under management

Mark Carney to chair 'Glasgow Financial Alliance for Net-Zero' ahead of COP26

A new initiative from the US and UK Governments, designed to unite the global financial sector on the net-zero transition, has launched, confirming Mark Carney as chair.

The new target will become enshrined in law by the end of June 2021

'A credible path to net-zero': Green groups react to UK's Sixth Carbon Budget

The Government will seek to reduce emissions by 78% by 2035 as part of a new Sixth Carbon Budget, a decision that has been welcomed by green groups, although some are calling for more detailed action plans.

The target will become enshrined in law by the end of June 2021

Sixth Carbon Budget: UK to reduce emissions by 78% by 2035

Prime Minister Boris Johnson has agreed to legislate a new target to reduce national emissions by 78% by 2035, including emissions from international shipping and aviation, following the Climate Change Committee's advice on the Sixth Carbon Budget.

More than 1.2 million jobs could be created within two years and 2.7 million jobs over ten years, offsetting the jobs lost because of the pandemic

Green jobs primed to replace all jobs lost to Covid-19

New research has found that more than 800,000 job losses caused by the coronavirus pandemic in the UK could be replaced by new green jobs, provided government and private investment is mobilised to push towards the 2050 net-zero target.

Progress in decarbonising electricity must be replicated in other sectors, lest the UK miss its net-zero target

Green Alliance: Government 'complacency' risks UK's net-zero transition

Despite strong progress in decarbonising electricity generation, the UK Government is not doing enough to support the low-carbon transition in hard-to-abate sector like agriculture and transport.

Revised targets will be published at an as-yet-unspecified date

MSCI commits to net-zero emissions before 2040

American finance firm MSCI has announced its intention to reach net-zero emissions before 2040, pledging to revamp its current decarbonisation goals and align with the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD).

The company met its 2020 climate targets, which were 2C-aligned 

Fujitsu sets 1.5C science-based climate targets

Japanese multinational IT firm Fujitsu has unveiled new climate targets, verified in line with the Paris Agreement's more ambitious 1.5C trajectory.

EO Charging is providing the hardware, software and operational oversight for the chargers across the UK

Amazon installs more than 800 EV chargers at UK sites

Amazon has confirmed that more than 800 electric vehicle (EV) charging points have been installed across its UK sites with "hundreds more" scheduled, as part of an ongoing partnership with Suffolk-based EO Charging.

The fund aims to ensure financial return for investors

Apple launches $200m forestry restoration fund

Technology giant Apple has partnered with Conservation International and Goldman Sachs to create an investment fund focused on carbon-sequestering forestry restoration programmes that will remove at least one million metric tonnes of carbon dioxide from the atmosphere each year.

Heineken is also joining the Business Ambition for 1.5C, the Race to Zero and the RE100 programme to accelerate decarbonisation and increase clean energy uptake

Heineken targets carbon-neutral value chain by 2040

Global brewer Heineken has unveiled a new corporate strategy to become carbon-neutral across its operations by 2030 and then across its entire value chain by 2040.

Image: ClientEarth

Coldplay, ClientEarth and children's media: Pop culture giants strive to boost environmental engagement

Several big names in music, including Coldplay and Alt-J, have launched new playlists designed to spark environmental action, in the same week that new children's climate engagement schemes were launched by broadcasters and authors.

Mars is currently engaging its largest 200 suppliers to decarbonise

Mars and PepsiCo launch new supply chain climate programme

Food and beverage giants Mars, PepsiCo and McCormick have teamed up to launch a new coalition aimed at encouraging suppliers to reduce carbon emissions in alignment with climate science.

More than 80% of the global sector's emissions are attributable to direct and indirect fossil fuel use

Healthcare sector plots first global roadmap to net-zero

In what has been described as a world first, the healthcare sector has developed a global framework for reaching net-zero by 2050 at the latest.

Pictured: Work on one of SnowChange's nature restoration projects. Image: Google/SnowChange Cooperative 

Regenerative agriculture and AI for solar: Google funnels €10m into projects tackling climate change

Google's charitable arm Google.org has outlined how it will allocate a €10m Impact Challenge on Climate funding, naming winners in fields including solar farm optimisation and regenerative farming.

The CLEAN Act was introduced to the House of Representatives last month, headlined by net-zero by 2050 

Back net-zero vision with 'bold' 2030 climate goal, 300 CEOs tell Biden

Chief executives from the likes of Unilever, Microsoft and Apple are among the 310 business leaders urging the Biden administration to back up its 2050 net-zero target with a strong interim emissions goal.

While progress accelerated this year, the TPI is warning that high emitting companies are still, by and large, jeopardising Paris Agreement progress 

Report: Net-zero targets from corporates becoming more 'genuine'

An analysis of the climate commitments of 401 companies has found that the uptake of "genuine" net-zero targets - those regarded as ambitious and not greenwashing - has more than doubled in the past year.

Tropical forests and islands, as well as mountains, are facing higher extinction risks than the global average, according to the paper

Delivering Paris Agreement could help save most endangered species, report reveals

More than nine in ten plant and animal species will face challenges if the current global warming trajectory continues, a new study has revealed. But most species could be saved from extinction if the world delivers on the Paris Agreement.

The commitment will support a broader $1.5trn sustainable finance goal that is aligned with the UN Sustainable Development Goals

Bank of America commits $1trn to global sustainability initiatives

The Bank of America has increased an existing $300bn sustainable business initiatives fund to attempt to mobilise $1trn by 2030 for initiatives that will support the net-zero transition.

The report confirms that Springer Nature is net carbon neutral across its offices, fleets and travel flights

Publisher Springer Nature reaches carbon neutrality

Global research publisher Springer Nature Group has today (8 April) confirmed that it has reached carbon-neutral status for emissions associated with its offices and business travel.

In 2019, 21.8 million hectares of UK waters are protected to some degree

UK's marine natural capital assets valued at £211bn

The UK's marine assets, which include renewable energy production, tourism attraction, sustainable fishing and carbon sequestration, have reached a value of £211bn, according to figures from the Office for National Statistics (ONS).

The social aspect of ESG is expected to rise in prominence in both the corporate and financial sphere

The coronavirus 'white swan': Companies and investors ramping up sustainability commitments

The coronavirus pandemic is acting as a "white swan" moment that is accelerating corporate focus on long-term sustainability strategies, but better disclosure and communication is needed for investors to unlock new finance to spur the green transition.

Apple will share experience and knowledge gained from its own move to 100% renewable energy to support suppliers taking up clean energy

More than 100 Apple suppliers to switch to 100% renewables

Apple has revealed that more than 100 of its manufacturing partners across the supply chain have agreed to source 100% renewable electricity for the production of Apple products, a move that looks set to avoid more than 15 million tonnes of carbon emissions annually.

Under the UNFCCC developed nations committed to financing $100bn annually by 2020, however, developed nations have failed to fulfil this commitment

G7 ponders increasing climate finance in build-up to COP26

Chancellor Rishi Sunak met with G7 finance ministers and central bank governors to discuss the role of finance in supporting the net-zero transition and implored developed nations to raise efforts to generate $100bn in annual revenue to support developing nations combat the climate crisis.

Stewart joined Netflix six months ago and has been spending much of her time preparing the net-zero strategy

Sustainable sets and nature-based investments: Inside Netflix's new net-zero strategy

EXCLUSIVE: Netflix has this week pledged to reach net-zero emissions by 2022. In an exclusive interview with edie, the firm's sustainability officer Emma Stewart outlines how it plans to ramp up in-house carbon reductions and use offsetting to meet this new climate goal.

Pictured: The SSE Hydro Arena in Glasgow, where COP26 will take place this November

One-third of the UK's biggest businesses signed up to 'Race to Zero' ahead of COP26

Almost one in three FTSE100 companies have signed up to the UN's Race to Zero campaign, designed to accelerate the adoption of net-zero targets ahead of COP26.

Taking place on Thursday 20 May, 8.45am-3pm (BST), Countdown to COP26 is the perfect primer for the official UN climate talks scheduled for November 

Countdown to COP26: edie launches bumper virtual event ahead of climate talks

Registration is now open for a brand-new edie event which aims to help businesses seize the opportunity of the UN's COP26 climate summit later this year, with a stellar speaker line-up including senior representatives from BEIS, ClientEarth, Green Alliance, We Mean Business and the High-Level Champions for Climate Action.

Previous Ellen MacArthur Foundation research concluded that 45% of global annual emissions are linked to resource consumption

Report: UK must halve resource consumption to tackle climate change and nature loss

If the UK set a legally binding target to halve resource consumption by 2050, it could put itself on track to meet domestic nature and climate targets while also driving progress abroad.

The UK has already lost up to 92% of its seagrass in the last century

Carlsberg and WWF launch seagrass restoration project

Beer giant Carlsberg will team up with WWF on a year-long partnership to restore carbon sequestering seagrass meadows across the UK coastline.

Tesco revealed that it has reduced its emissions by 50% compared to 2015 levels, far outpacing its science-based targets to deliver a 35% reduction

Tesco unveils climate manifesto to assist net-zero target

Tesco has unveiled a new "climate manifesto", pledging to help customers eat more sustainable diets, reducing food waste from farm to fork, and ramping up its efforts to become a net-zero business by 2035.

The pandemic also highlighted that some societies are more at risk from macro-disruption, whether that be disease-based or climate-induced

Why the circular economy is primed to improve social sustainability and value chain resiliency

EXCLUSIVE: The coronavirus pandemic has highlighted the fragility of both society and the sprawling value chains that the economy relies on. Shifting nations to a circular economy could be key in delivering a green recovery that champions sustainable income and environmental stewardship.