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MPs have called on their own pension fund to divest its fossil fuel holdings

MPs apply pressure on pension funds over fossil fuel holdings

More than one third of MPs have called on pension fund trustees to halt investment in fossil fuels to support a move to a net-zero carbon economy.

<p>Since the unveiling of the framework in 2015, 193 countries, 9000 companies and investors with more than $4 trillion in assets have pledged their support to the SDGs</p>

World Bank to raise €1.5bn for SDG bond

The World Bank had raised €1.5bn for a new 10-year bond focused on mobilising action towards achieving the UN Sustainable Development Goals (SDGs).

Low-carbon revenues generated in a 1.5C world are six times that of a 3C world, the report notes

Low-carbon transition puts $10trn at risk for inactive investors

A global coalition of financial investors has warned that more than $10trn (£7.7trn) in portfolio assets could be lost if the sector and governments fail to rapidly transition to a low-carbon economy.

The coalition was founded at the Paris One Planet Summit in 2017 and is convened by Banque De France

Coalition of central banks urge finance sector to 'raise the bar' on climate action

A coalition of 36 central banks and regulators, including the Bank of England and the World Bank, have issued a rallying cry urging all stakeholders across the global sector to address climate challenges by "greening" the financial system.

Puro will hold the first auctions where CORCs will be traded in May and June this year

Finnish businesses set up 'world's first' marketplace for carbon removal certificates

A group of Finnish businesses have partnered with global financial solutions firm South Pole and Swedish bank SEB to launch a new marketplace for science-based CO2 removal certificates, in a bid to scale methods that can capture and remove carbon globally.

Carney has warned the finance sector that it risks losses from extreme weather and its stakes in polluting firms. Image: Bank of England

Mark Carney tells global banks they cannot ignore climate change dangers

The global financial system faces an existential threat from climate change and must take urgent steps to reform, the governors of the Bank of England and France's central bank have warned, writing in the Guardian.

Hammond announced the UK Spring Statement last month

Philip Hammond joins finance coalition to spur climate action

Chancellor Philip Hammond has called on global financial leaders to place climate adaptation and mitigation at the heart of future economic policies and planning, after joining a new global coalition to drive action on climate change.

The World Bank has argued that the study “paints a distorted picture of [its] energy sector work”

The World Bank accused of dodging 'no-coal' pledge by funnelling billions of dollars into fossil fuels

A large-scale study on hundreds of active energy projects commissioned by The World Bank Group has concluded that the body is currently financing $21bn of fossil fuel projects, compared to $7bn in the renewables sector.

Trump appointee David Malpass has said that the World Bank's climate change action plan remains a priority for the organisation

New World Bank chief confirms commitment to environment

Donald Trump's choice to run the World Bank has moved swiftly to allay fears that his appointment will lead to a softening of the organisation's approach to climate change.

In 2018, Bank of America deployed more than $50bn on projects that impacted areas outlined by the SDGs. Image: Bank of America

Bank of America commits $300bn to sustainable finance

Bank of America has issued its third commitment to sustainable finance, pledging to mobilise an additional $300bn (£230bn) in capital by 2030, with a previous commitment set to be achieved six years ahead of schedule.

BNP Paribas has created a range of targets and KPIs to put in place a sustainable finance strategy.

BNP Paribas aligns with SDGs and Paris Agreement in new sustainability strategy

French banking giant BNP Paribas has outlined its latest strategy to accelerate its commitment to sustainable development.

The bond will be used to finance renewables and built environment projects

How ING achieved boardroom buy-in to launch its second green bond

EXCLUSIVE: Banking giant ING was able to launch its second green bond earlier this month due to its past experience in structuring external green bonds for sustainability-conscious clients, the firm's global head of sustainable finance Leonie Schreve has claimed.

The NCFA is urging corporates in

Corporates 'set to lose $1.6trn' without action on natural capital

FTSE100 firms face collectively losing $1.6trn of market capital if they fail to adopt a natural capital approach to decision-making, by assigning a monetary value to natural resources.

The organisation was set up by the government as the Green Investment Bank in 2012. It was rebranded as the Green Investment Group after being sold to Macquarie for £2.3bn in August 2017

Green Investment Group funnels £1.6bn into clean energy projects

The Green Investment Group made or arranged £1.6bn of investments in clean energy projects in the 12-months following its privatisation, according to the company's first annual progress report.

Cheshire explained that greenhush and greenwashing could both harm business reputations. Tucker Images

No more 'Greenhush': Sir Ian Cheshire urges business to get vocal on sustainability

The chairman of Barclays UK and Debenhams had suggested that the business community has a "moral imperative" to deliver and communicate real change that brings in new business models to alleviate key climate concerns.

The World Bank will use the investment programme to focus on storage that supports renewable energy projects – namely hybrid solar parks and microgrids

The World Bank launches $1bn energy storage programme for developing nations

The World Bank has launched a first-of-its-kind $1bn funding programme to fast-track deployment of battery storage projects in developing countries, to 'close the gap' on efforts to transition to cleaner energy sources.

The 513 organisations that have expressed support for the TCFD’s recommendations have a combined market capitalisation of $7.9trn

Climate disclosure enters 'mainstream', but better reporting required, warns TCFD

More than 500 companies have expressed support for the Task Force on Climate-related Financial Disclosures' (TCFD) recommendations. However, many businesses are failing to translate climate impacts into business risk.

The EIB has issued more than €23bn (£20bn) through Climate Awareness Bonds since 2007

European Investment Bank issues €500m Sustainability Awareness Bond

The European Investment Bank (EIB) has issued a €500m (£448m) Sustainability Awareness Bond designed to boost capital market and private sector transparency for climate-related risks and opportunities.

The University of Strathclyde is the latest UK university to implement the project, joining seven other higher education establishments in rolling out the scheme

University of Strathclyde widens sustainability behaviour change programme

The University of Strathclyde is rolling out an organisation-wide behaviour change project to boost sustainable habits among staff, after a five-month pilot saw the institution reduce its carbon emissions by 15,000kg.

The Group, which consists of the EIB and EIF, reduced its emissions intensity by 2.8% year-on-year

European Investment Bank Group halves emissions intensity as staff numbers increase

The European Investment Bank (EIB) Group has announced that it has halved its emissions intensity over the past decade, despite staff numbers increasing more than two-fold over the ten-year period.

When UBS launched the portfolio, the firm claimed that sustainable investment

UBS doubles sustainable portfolio of assets to almost £2bn

Financial services firm UBS has today (August 14) announced that it now manages £1.93bn worth of assets through its sustainable portfolio, more than double the size from when it first launched seven months ago.

Schreve said that investors need to ensure that the green finance market focuses on backing “quality” over quantity for environmental and social funding opportunities

How ING is avoiding greenwash in the new green finance era

EXCLUSIVE: ING's global head of sustainable finance Leonie Schreve believes that stronger internal relations between the finance and sustainability departments within businesses will create more access to green loans and bonds to assist the low-carbon transition.

SDG immersion: Breaking down barriers for business

Four days at the UN High Level Political Forum on Sustainable Development Goals (SDGs) is undoubtedly an immersion process. It's also a good way to gain perspective - I learnt as much by the things that weren't said as those that were.

Innovating with technology and behavioural change to leverage the employee engagement opportunity

Whilst the majority of companies now accept that sustainability is critical to long-term success, many haven't yet figured out how to effectively engage their employees on their sustainability programmes.

Macquarie has so far funnelled more than £15bn of investment into green infrastructure

Macquarie offers £500m of green loans

Macquarie is offering £500m of green financing to renewable energy, energy efficiency and other environmentally-friendly projects, as part of a new £2bn loan facility.

The pilot scheme will see participating banks explore lower interest rates for mortgages meeting the scheme’s criteria over a period of one to two years

Dozens of top European banks to trial new green mortgages

European banking giants including BNP Paribas, ING Bank and AXA have joined forces to launch a new green mortgage scheme which focuses on helping consumers drive energy efficiency.

The Unfriend Coal report accuses 25 of the world’s largest insurers of continuing to invest in ‘dirty’ tar sands and coal energy projects

Top pension funds and insurers failing to engage with climate risks

Some of the UK's biggest pension funds are failing to address climate-related impacts, while 25 of the world's largest insurance brokers continue to invest in coal or tar sands projects, two damning reports have claimed this week.

Show me the money… from sustainability

At my keynote at edie Live, I spoke about a vision of a sustainable built environment, how far away from it we currently are and what the industry is doing to move towards it. It's evident that, despite some positive progress, we need to fast-track the level of change and one way of achieving that is by making the business case for sustainability abundantly clear.

The report claims that HSBC is one of the sector’s “biggest backsliders” on fossil investments

Banking industry one of UK's 'most unethical sectors'

The UK's big five high street banks are hindering the sector's efforts to tackle climate change by continuing to profit from some of the world's dirtiest fossil fuel projects.

Lloyds is the latest in a string of High Street banks to increase its investments in green business projects in recent months. Image credit: Money Bright (https://www.moneybright.co.uk/)

Lloyds launches £2bn Clean Growth Finance scheme

Lloyds Banking Group has announced it will be providing a further £2bn of funding for sustainable investments, increasing its total UK green finance commitments to £3bn.

Barclays last month launched a Green Home Mortgage scheme

Barclays unveils dedicated Green Trade Loan

Barclays has launched a new loans product to help businesses meet working capital needs related to green projects.

The offer will initially cover new builds from UK housebuilders Barratt Homes, Berkeley Group, Countryside Properties, Crest Nicholson and Redrow Homes

Barclays offers green homes mortgage on select new builds

Barclays has launched a Green Home Mortgage scheme, offering homebuyers preferential interest rates and savings of more than £1,300 on energy-efficient new build houses.

NatWest purchases 100% of its energy from renewable sources

NatWest delivers £3.5bn low-carbon lending in three years

Banking giant NatWest has pledged to deliver of £10bn lending to UK renewable energy and energy efficiency projects by 2020, having provided £3.5bn over the past three years.

Paris, Frankfurt and New York were noted as centres most likely to grow across the rankings over the next two to three years

London ranked as global leader in green finance movement

London has been ranked as the best financial hub in the world for green financing offerings, with a new report predicting that the market for green offers will grow "substantially in size and quality".

MPs are concerned that fiduciary duties are often misinterpreted as efforts to maximise short-term returns

£555bn pension funds questioned over climate risk 'misunderstandings'

Government ministers are concerned about "outright misunderstandings" amongst the UK's top 25 pension funds, with assets under management worth £555bn, relating to failures to account for climate-related risk.

Lloyds has launched a £1bn fund to help real estate owners improve the energy efficiency ratings of their buildings

Lloyds aligns 2020 goals with SDGs in bid to 'help Britain prosper'

Banking giant Lloyds has vowed to "help British people and businesses prosper" with a set of 2020 CSR targets which are aligned with the UN Sustainable Development Goals (SDGs).

Investors are calling on global banks to disclose their climate-risk in line with the Taskforce on Climate-related Financial Disclosures (TCFD) framework

Banking sector's 'skin deep' commitment to green finance threatens 2C future

The shortcomings of global banks on climate action could undermine efforts to achieve a 2C world, according to a damning report backed by more than 100 investors worth almost $2trn in assets.

The launch comes in response to the Government’s call last November for banks to make it easier for people to access social impact investments

Triodos pioneers sustainable crowdfunding platform

Sustainable lender Triodos has become the first UK bank to launch its own crowdfunding platform, which will enable people to invest directly in equity or bonds issues by organisations delivering positive social and environmental impacts.

Insurance companies are mindful of the danger that they could suffer a huge loss if their investments in fossil fuel companies were rendered worthless by action on climate change

Lloyd's of London to divest from coal over climate change

Lloyd's of London, the world's oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.

All sectors will be covered by the fund, image: ING

ING announces €100m Sustainable Investments fund

Dutch Bank ING has today (18 January) launched a €100m Sustainable Investments fund to help start-ups and innovative new business models scale up concepts and projects tailored for energy, water and resource efficiency.

Investment into renewable energy was the most common use of funds

Green bonds market reached record heights in 2017

The green bonds market grew by a staggering 78% between 2016 and 2017, with national and institutional investors funnelling more than $150bn into low-carbon projects.

Don’t look back in anger: Top sustainability trends in 2017

Some of us might look back on 2017 as another eventful, if somewhat discouraging year for sustainability. 2017 has seen the inauguration of Trump, which has led to the US pulling out of the Paris Climate Agreement, and more recently, has led to removing climate change from the list of USA national security threats. Meanwhile, closer to home, Brexit brings fears that the 1,100 EU environmental laws will become watered down in the UK among the effort to ensure Britain remains a great trading nation. Amid all this, you would be forgiven for thinking that 2017 has been a dismal year for sustainability.

The bank worked with ESG research providers Sustainalytics to create the framework

Barclays updates green bonds to capture 'compelling' economic opportunity

Barclays has signified its shift towards a low-carbon economy, by announcing a set of green finance products that will help promote sustainability in the UK and across the globe.

Commercial banks are also igniting signals that funding for fossil fuels with soon be a thing of the past

World Bank, major businesses and nations unite against coal funding

The One Planet Summit in Paris has signalled the beginning of the end for the coal industry, after the World Bank, numerous financial institutions and a group of nations and major businesses all pledged to phase out fossil fuel funding and use.

The One Planet Summit is being hosted at La Seine Musicale in Paris

EU announces €9bn in funding for climate action

The European commission has announced funding of €9bn (£8bn) for action on climate change, one of a flurry of measures from governments, businesses and investors aimed at achieving the goals of the 2015 Paris agreement.

The PCPF publicised 20% of its holdings for the first time in May 2017. In 2016, the PCPF invested £5.56m into BP and £4.9m into Shell

Corbyn backs MP pension divestment as business leaders call for improved climate disclosure

A group of 100 MPS, including Labour's Jeremy Corbyn and the the Green Party's Caroline Lucas, have called for a £612m pension fund to divest from fossil fuels, while leading chief financial officers have endorsed the recommendations of the Task Force on Climate-related Financial Disclosures.

While the UK banks have performed poorly in the rankings, they are still making efforts to capture green markets

UK banking performance at odds with Government's green finance leadership ambitions

The UK Government's ambition to promote the UK as a global leader of green finance post-Brexit is already at risk, with a new report finding that French banks have shown "marked leadership in green banking" because of innovative new legislation.

Jindal claimed that the banking community is working hard to create a “pipeline of bankable projects”, but that communication barriers remained

Water risks still 'invisible' to finance sector, says ING

Commercial banks are struggling to overcome a communications barrier with businesses to gain insight into portfolio risks specifically associated with water, according to Dutch bank ING's vice president for sustainable finance Ambika Jindal.

Last month, the UK cemented its position in the top 10 rankings of the world's most attractive countries for renewable energy investment

Can government and investors make post-Brexit UK a green finance leader?

The recent Clean Growth Strategy has created a multi-billion-pound framework for low-carbon growth, but the UK Government is still keen to strengthen relationships with investors to tackle the "hard and challenging" times ahead.

DAM can now integrate physical climate risk equity scores of companies within its investment portfolio

New investor partnership scores corporates on physical climate risk exposure

Deutsche Asset Management (DAM) has formed a new partnership with a US-based advisory to develop a first-of-its-kind climate risk service that calculates the physical climate risks of investor portfolios.

HSBC will provide $100bn in climate finance, alongside a goal to source 100% renewable electricity by 2030. Image: HSBC

HSBC pledges $100bn to sustainable finance

As Bloomberg New Energy Finance (BNEF) releases findings showing that energy investment in emerging markets suffered its largest year-on-year decline, HSBC has pledged to provide $100bn in sustainable financing by 2025 - as part of a new batch of climate-related commitments.

The world is still reportedly investing over three times more in fossil fuels than renewables

High street banks still financing fossil fuel growth

The UK's high street banks are profiting from some of the world's dirtiest fossil fuel projects despite committing to deliver the Paris Agreement goals of limiting global warming to below 2C.

The IFC report, entitled Creating Markets for Climate Business, found that governments could work with businesses by fostering renewable energy as an alternative to fossil fuels

Huge private sector investment puts Paris climate target in reach, says report

At least one trillion dollars are being invested globally in ways to reduce the threat of climate change, including renewable power, energy efficiency, and public transport around the world.

The report warns that fossil fuel giants Shell and Chevron have 60%-70% of profits at risk

Oil refining capacity set to shrink by a quarter during low-carbon transition

A quarter of global refining capacity will leave the market or be forced to close by 2035, sparking calls for investors to be aware of the risk of "wasting capital" on new investments into the oil sector.

Research from UKGBC found that linking EPCs to household expenditure through mortgage affordability calculations could create an extra £4,000 for a buyer

Can green mortgages help the European Union reach climate and building targets?

New reports provided by the World Green Building Council (WorldGBC) have outlined how an "energy-efficient mortgage" could provide the ideal financial instrument to improve the energy performance of Europe's existing housing stock.

The UN Commission on Trade Development (UNCTAD) estimates that up to $7trn of investment will be needed annually to meet the SDGs by 2030

Investors urged to engage with Sustainable Development Goals

Investors have been urged to support the "world's most pressing environmental, social and economic issues" by using the Sustainable Development Goals (SDGs) as a capital allocation guide.

Your top sustainable innovation questions answered

In August I delivered the Sustainable Innovation Masterclass as part of Edie's webinar series. This generated a great debate and a lot of questions from attendees, that we simply didn't have time to answer in the allotted time. This blog revisits and answer these questions as a way to keep the debate going. Do chip in and let us know what you think.

The investors are seeking information on how banks and senior executives are managing climate-related risks and opportunities

Investors implore banking firms to champion climate disclosure

More than 100 investors with $1.8trn under management have written to the chief executives of 60 of the world's largest banks, including HSBC and Bank of America, calling for better disclosure and implementation on climate risks in their investment portfolios.

Thinking outside the box: going circular

Many businesses now recognise the importance of moving towards a circular economy; the environmental imperatives stare us straight in the face. We cannot continue along a linear path of take, make, dispose forever, or indeed for much longer. It is simply not sustainable for the planet nor for long term value creation within business. The potential size of the prize of a more circular approach for the economy and society is also large.

Nearly nine in ten Millennials surveyed (86%) are interested in sustainable investing, compared with three-quarters of individual investors overall (75%)

Millennials twice as likely to invest in green business, survey reveals

Millennials are driving global growth in sustainable investing, according to financial services firm Morgan Stanley, which has discovered that the younger generation are twice as likely to invest in companies targeting social or environmental goals.

Activists protesting in Sydney in May against coal financing by the Commonwealth Bank. Photo: Kate Ausburn

World's first climate disclosure lawsuit to set 'important precedent' for businesses

Pressure is mounting on the private sector to consider climate change risk in annual reports after the world's first climate disclosure lawsuit was lodged today (8 August).

CSR has a PR problem, and it’s not going away

It took only three days for the first corporates to step up to fill the vacuum left by Donald Trump's exit from the Paris accord. Silicon Valley spoke first, followed by a chorus of CEOs, from Elon Musk to Jeff Immelt, promising to work with cities and citizens to meet their targets. Few would argue they were wrong.

Information overload: In a multimedia world, how do busy CRS practitioners stay abreast of emerging trends?

I don't know about you, but I often feel like I'm buried under an avalanche of online updates. With so much information to digest, it takes time to sort the digital wheat from the chaff to find the most credible news.

What a competition tells us about the circular economy

In July, I was privileged to be asked to join a brainstorming session with the Amsterdam Economic Board. This regional advisory body works with businesses, government agencies and knowledge institutes to sustainably enhance the prosperity and wellbeing of the Amsterdam Metropolitan Area, which has a population of more than 2.3 million people.

The financial institution will use a combination of onsite projects and Power Purchase Agreements (PPAs) to hit its 100% renewables target

JP Morgan commits to 100% renewables as it makes $200bn clean finance vow

One of the world's biggest banking institutions JP Morgan Chase, has pledged to facilitate the "largest commitment" by a financial institution in the form of a $200bn clean financing fund, alongside a transition to 100% renewable energy.

The new £10 note will be issued on 14 September 2017, and has been described by Carney as “safer, stronger and cleaner”

New £5 and £10 banknotes have smaller lifetime carbon impact

New £5 and £10 notes unveiled by the Bank of England earlier this month have carbon footprints 16% and 8% lower than previous paper versions, new analysis from the Carbon Trust has revealed.

Beverage cartons are easily recycled using a simple pulping process, where the paperboard and non-fibre layers are separated and turned into new materials

Kerbside drink carton collections up 16-fold in decade

The kerbside collection of beverage cartons for recycling has seen a 16-fold increase across local authorities in the past decade, according to new figures released this week.

The Task Force calls on companies to promote senior management into the conversations surrounding disclosure and adopt scenario analysis

Global banks worth $7trn pledge support to TCFD climate disclosure guidelines

Eleven of the world's top banks, including Barclays and Santander, have jointly committed to adopt key elements of a new international framework which seeks to improve climate transparency in the financial industry.

Climate change enters the boardroom: The business implications of the G20 Task Force report

Climate change poses some of the most significant monetary risks to the corporate sector, yet too often remains the reserve of specialised sustainability professionals.

TCFD suggests that the value at risk, as a result of climate change, to global manageable assets ranges from $4.2trn to $43trn between now and the end of the century

TCFD: Businesses worth $2trn back final climate disclosure recommendations

More than 100 businesses including Unilever, Barclays and HSBC, have publicly committed to support the final recommendations listed by the Task Force on Climate-related Financial Disclosures (TCFD), which seeks to disclose climate information as part of mainstream financial statements.

Catalysing green finance: a priority for the new government

With Brexit negotiations kicking off and the government facing several immediate policy challenges, it would be easy for the new government to be entirely focused on short-term issues. However, it is in the UK's economic interest for the government to take a long-term view as it develops a new policy agenda.

Around 70% of economic losses linked to infrastructure damage from natural disasters are uninsured

New data hub offers financial oasis against climate-related hazards

A new global data community aimed at expanding the climate risk adaption strategies for the insurance and investment markets has launched this week (5 June), to protect economic losses incurred through damages to infrastructure during natural disasters.

The new current account will begin with a phased rollout from June this year

Triodos launches UK's 'most sustainable' personal current account

Sustainable banking group Triodos has today (26 April) ramped up efforts to disrupt the "dysfunctional" banking sector through the launch of a new personal current account that embraces responsible finance.

Four of the top five asset manager leaders are based in the UK

'The scales have tipped': Majority of investors taking action on climate change

The number of the asset owners recognising and acting on the risk of climate change has risen by almost a fifth in the last year, with 60% of the world's biggest investors taking steps to protect their portfolios, a new report has revealed.

In the open message, business leaders claim that a backing from G20 nations would create greater visibility on climate risks, while also uncovering new opportunities for business growth

Major firms implore G20 to act on climate-disclosure risks

The chief executives of 27 global businesses, including HSBC, Unilever and PwC, have called on G20 governments to adopt recommendations that call on companies to disclose climate-related financial risks.

The two Dutch firms have agreed the first deal in the syndicated loan market where the pricing is linked to a Sustainalytics rating

Philips agrees €1bn loan connecting sustainability performance with finance

Philips has agreed a pioneering €1bn loan in collaboration with banking group ING, with an interest rate dependent on the year-on-year advance of the global lighting firm's sustainability performance.

The panel noted that the growth in the green bond market was slowly forcing investment firms to reassess project benchmarks

Private sector funding for smart cities hindered by regulatory constraints, say experts

The private sector will have to mobilise "enormous" amounts of capital to help with the global smart cities transition, but nations must first address regulatory and institutional barriers to incentivise the movement.

Concerns have been raised that a lack of specialist focus on ESG could undo the stability of the global economic system

BlackRock headlines green bonds push, but is investor action ambitious enough?

As a new briefing paper highlights that up to $6.9trn in controlled assets are covered by investors with little to no environmental, social and governance (ESG) responsibility, the world's largest investor has headlined a stream of new green bond announcements.

Hurd  repeated the reassurance that the government’s main objective in the privatisation process is to “ensure that any sale protects the Green Investment Bank's (GIB) green values

Minister responds to fears over GIB restructuring

Business and energy minister Nick Hurd has written to the head of the Environmental Audit Committee to respond to concerns over the restructuring of the Green Investment Bank ahead of its sale.

The G20 had stressed the importance of “scaling up green financing” in partnership with the private sector in order to shift trillions of dollars from dirty to clean investments

G20 set to scale back climate funding pledges

Pledges from G20 nations to finance climate mitigation strategies, including the $100bn fund for developing countries, could be set aside, with ministers instead calling on development banks to raise private capital to meet the bill.

The World Bank's head office. Photo: World Bank

World Bank unveils first green bonds linking business actions to SDGs

The World Bank has issued its first ever set of green bonds that directly link financial returns to companies performing to the standards and aims on the United Nation's Sustainable Development Goals (SDGs).

Building trust through community and client engagement

With edie's engagement month coming to a close, and ahead of my appearance at the Sustainability Communications Conference, now is as good a time as any to reflect upon how Capgemini UK's Community Programme is helping to strengthen relationships with key stakeholders and build trust in our brand.

Finance projects include the first energy-from-waste (EfW) plant to be supported under the Contracts for Difference (CfD) scheme

Barclays delivered £21bn for sustainability projects in 2016

Multinational bank Barclays raised £21.1bn in finance for environmental and societal schemes in 2016 as part of a fresh strategy that focuses on enhancing the sustainability of its business model.

Greenpeace claims that HSBC formed part of a funding syndicate that offered $16.3bn in loans to palm oil companies accused of destroying vast areas of rainforest and peatland in Indonesia

HSBC revamps deforestation policy after Greenpeace investigation

HSBC has launched a new zero-deforestation policy following a Greenpeace investigation which linked the banking corporation to organisations that have been destroying Indonesia's rainforests.

BIC has suggested that the World Bank is turning Indonesia “into a major coal producer” by subsidising fossil fuels through the Development Policy Financing (DPF) programme

World Bank quashes fossil fuel funding claims

The World Bank has criticised what it believes are "grossly misrepresented" findings from the Bank Information Center (BIC), which has claimed that up to $5bn in intended low-carbon funds have instead been used to introduce tax breaks for fossil fuel developments in developing countries.

The report found that 80% of the banks are failing to integrate the results of environmental stress tests into decision making processes, despite 70% introducing new stress tests

Major banks failing to align climate strategies to Paris Agreement targets

Despite more than 70% of banks introducing environmental and carbon footprint stress, many are failing to align business and investment strategies in keeping with the 2C pathway scenario established through the Paris Agreement.

Launched last December by Mark Carney, the TCFD has since welcomed former New York Mayor Michael Bloomberg as chair of the group to lay-out the recommendations

Mark Carney and Michael Bloomberg set out recommendations for climate disclosure adoption

The first global, industry-led effort to create recommendations for climate-related financial disclosures has been published by the Task Force on Climate-related Financial Disclosures (TCFD).

The report found that 688 institutions and more than 58,000 individuals across 76 countries are now committed to divestment

Fossil fuel divestment funds double to $5tn in a year

The value of investment funds committed to selling off fossil fuel assets has jumped to $5.2tn, doubling in just over a year.

New five pound note: the price of sustainability?

Sometimes sustainable decisions can have unfortunate consequences - is the new five pound note an example?

Christian Aid wants to see clear timelines and transition plans created to keep the institutions, and their clients, in line with the Paris Agreement

Banks not living up to climate pledges, says Christian Aid

Charity organisation Christian Aid has today (November 7) kick-started a campaign calling on UK's major high street banks to rapidly shift investments from fossil fuels to clean energy.

The survey was released as part of Good Money Week (30 Oct-5 Nov) - the national campaign to raise awareness of sustainable, responsible and ethical finance

Investors want more transparent sustainable funding opportunities

New research from ethical investment specialists Triodos Bank has revealed that investors want to increase ethical investment prospects and enhance socially responsible investment (SRI) opportunities, despite many feeling that they don't have the opportunity to do so.

The report outlines that more than 30 governments, including the US, UK and Japan had pledged new funds in 2015

Developed nations 'confident' of hitting $100bn climate action pledge

Developed countries are "confident" that $100bn will be financed annually to aid climate actions in developing countries by 2020, a new report compiled by the UK and Australia has revealed.

Prototyping expert Tom Chi was among the mentors of the inaugural UK Unreasonable Impact programme, which provided eco-entrepreneurs with resources and mentorship to scale-up. Photo: @UnreasonImpact/Twitter

Barclays supports 'disruptors of tomorrow' with green innovation scale-up scheme

Hydrogen vehicle pioneer Riversimple, London's first subterranean farming concept Growing Underground and tree-planting drone developer BioCarbon Engineering are among 10 British green business start-ups that look set to undergo a period of intensive scale-up after taking part in a new accelerator scheme launched by Barclays Bank.

Joining the CPLC is the latest of the London-based firm’s global climate change mitigation drives - which also saw company lawyers play a “key role” in the COP21 process.

Baker & McKenzie becomes first law firm to join carbon price coalition

Multinational law firm Baker & McKenzie has become the first legal industry representatives to join the World Bank's Carbon Pricing Leadership Coalition (CPLC) in a commitment to help clients "respond innovatively to the risks - and opportunities" of an economically regulated low carbon future.

Carney also called on the German government to push the low-carbon agenda once it assumes G20 presidency next year

'Rapid' low-carbon transition could damage economic stability, warns Bank of England

The transition to a low-carbon economy is filled with potential paradoxes that could lead to either the current generation having no "direct incentive" to drive change, or actually transitioning too quickly to the point where financial stability would be damaged.

An aerial view of Central Park in New York City, which is hosting a week-long series of climate events co-ordinated by The Climate Group

Businesses match governments with bold climate pledges during Climate Week NYC

The level of climate ambition shown from businesses during Climate Week 2016 in New York City (NYC) is continuing to mount, with eight more companies making 100% renewable energy pledges and four firms committing to double the energy productivity of their operations.

For the third year in a row, the launch of Climate Week NYC was marked by the Empire State Building turning green on the evening of 19 September

Climate Week 2016: Apple and Bank of America lead corporate charge towards net-zero economy

Climate Week New York City (NYC) 2016 has kicked off in style with America's largest tech firm and second-largest bank headlining a flurry of ambitious corporate commitments to a renewable energy-based future.

With a background in the public, private and voluntary sectors, Dr Bevis Watts sees an opportunity for a radical new approach to banking

New Triodos chief pledges to lead 'movement for change' among UK banks

"Our banks are not serving the needs of society," says Dr Bevis Watts, who has this week been confirmed as the first 'environmentalist' to take up a lead executive role within a UK bank.

The total climate co-finance committed in 2015 alongside MBD resources was more than $55bn, with the report highlighting that $80bn was mobilised by development banks for global clean energy

Development banks co-ordinate climate finance in bid to drive global low-carbon transition

Major Multilateral Development Banks (MDBs) have demonstrated a strengthened collaborative commitment to track development flows for climate finance in an attempt to build on the momentum established at last year's Paris Agreement, as highlighted in an annual joint report.


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