Emissions covered by EU pricing markets fell 12% in 2020
Emissions regulated under the European Union's (EU) carbon market decreased by more than 12% last year, with the coronavirus severely limiting energy demand and industrial output.
Government ponders mandatory TCFD requirements for businesses in 2022
The Government is considering creating a legal requirement for private UK companies to outline and disclose climate-related risks to their business in line with Taskforce on Climate-related Financial Disclosures (TCFD) recommendations, with a mandate potentially coming into force next year.
EU unveils data-driven climate adaptation strategy, drawing green criticism
More and better data is needed to improve knowledge of how to adapt to climate change, according to the European Commission's new adaptation strategy, which immediately came under fire from green activists for missing binding targets.
WeTransfer turns to offsets to achieve carbon-neutral certification
Digital file transferring service WeTransfer has confirmed it has achieved carbon neutral status, following a pledge to reduce emissions by 30% by 2025 that was set last year.
UK Power Networks funnels £80m into net-zero projects
The network operator that provides energy to more than 18 million people across London and the South East has launched an £80m fund to support projects that will contribute to the UK's net-zero emissions target for 2050.
Poor environmental disclosure to add $120bn to supply chain costs
Businesses could face up to $120bn in additional costs across their supply chains from the impacts of climate and environmental breakdown in the next five years, new research from CDP has warned.
Business giants' climate disclosure 'clearly inadequate', lawyers warn
Lawyers have warned that the majority of FTSE 100 and the largest companies on the FTSE 250 are failing to disclose adequate climate-related data as part of annual corporate reporting frameworks, with some potentially breaching UK law.
Finance and policy: The external drivers forcing businesses to take climate action
Sustainability professionals have often found frustration when trying to embed CSR across an entire organisation, but the mainstreaming of Environmental, Social, and Governance (ESG) investing looks set to create new momentum behind the green recovery.
Greenwash: 40% of websites 'misleading' consumers on environmental credentials
An annual sweep of corporate websites has found that four in ten are providing information on environmental criteria that could be considered misleading and potentially breaking consumer laws.
Ikea surpasses renewable energy generation milestone after installing 920,000 solar panels
Ikea's parent company Ingka Group generated more renewable energy that it consumed last year, marking a milestone on its vision to become a "planet-positive" business.
5 top tips for choosing onsite technologies on the road to net-zero
With businesses under pressure to minimise energy costs, improve resilience and accelerate decarbonisation, what role can onsite technologies and systems play? Here, edie rounds up best-practice advice from the business leaders on this vitally important topic.
BlackRock's Larry Fink warns CEOs that 'no issue ranks higher than climate change'
BlackRock's chief executive Larry Fink has written to businesses to warn them that "no issue ranks higher than climate change" and that the current coronavirus pandemic serves as a "stark reminder" of the need to drastically combat climate-related risks.
NGOs call for heightened standards on corporate sustainability reporting
An alliance of NGOs has called for the European Union's Non-Financial Reporting Directive (NFRD) to be reformed to ensure that more corporates are disclosing relevant climate-related information.
Five ways to maximise the impact of your energy data
This report showcases the output of edie's SPARK! event, where expert energy professionals from a range of sectors discussed the role that energy data can play in the delivery of net-zero targets.
Green beauty: Garnier to launch digital sustainability labelling
L'Oreal-owned brand Garnier is set to launch a digital tool enabling UK customers to track the environmental and social impact of its haircare products.
Zalando completes brand assessments as part of environmental disclosure drive
Online fashion retailer Zalando has disclosed its Tier 1 private fashion label suppliers in an efforts to drive transparency across the value chain, and is expecting brand partners to gain a full understanding of their key suppliers also.
WRAP: UK's biggest businesses have cut unnecessary plastic packaging by 40%
Businesses signed up to WRAP's UK Plastics Pact, which is supported by the likes of Unilever, Nestle and PepsiCo, collectively produced 40% fewer non-recyclable and unnecessary pieces of plastic packaging this year than in 2018.
Capgemini: Half of big businesses are using AI to cut their climate impacts
Almost half of the world's biggest industrial, energy, FMCG, retail and manufacturing companies are using artificial intelligence (AI) to reduce their emissions, with the average business forecasting a 16% related emissions reduction by 2025.
Majority of local authorities have declared climate emergencies
Almost two years on from when the first council in the UK declared a climate emergency and responded with ambitious decarbonisation plans, a new mapping tool has unveiled that nearly three-quarters of local councils have made similar declarations, with more than half of those committing to reach net-zero.
Meet edie's 30 Under 30 Class of 2020: Hollie Clark, Aldi UK
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: Hollie Clark, Aldi UK's corporate responsibility manager.
CDP: Companies worth half of global market cap are now disclosing environmental data
Non-profit CDP has revealed that a record 10,000 companies, cities, states and regions have reported environmental data during 2020, making it a record year for disclosure.
Meet edie's 30 Under 30 Class of 2020: George Barrett, John Lewis Partnership
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: George Barrett, sustainability manager for the circular economy at John Lewis Partnership.
Meet edie's 30 Under 30 Class of 2020: Jonathan Ayton, Willmott Dixon
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: Jonathan Ayton, sustainable development manager at Willmott Dixon.
6 top tips for optimising your energy data on the road to net-zero
The net-zero movement has expanded rapidly over the past 18 months, with 1,500+ businesses setting targets. But why is energy data optimisation so important to decarbonisation? And how best to do it?
Food and retail giants to collaborate on government-backed scheme to reduce food waste
Some of the UK's largest retailers and food manufacturers, including Unilever, M&S, Nestlé and Amazon are collaborating to deliver a new network of "food waste champions" to help reduce the amount of food waste produced by the sectors.
Available to watch on-demand: edie's energy data masterclass
edie's latest masterclass took place on Tuesday 6 October and explored how businesses can improve energy data monitoring and measurement and how this can assist with the wider net-zero transition. It is now available to watch on-demand.
Climate technology investments growing five times faster than average market rates
Venture capital investment into climate-related technology is growing five times faster than the average rate of all other industry investments, with new analysis from PwC finding that corporate and investor demands for low-carbon innovation led to $16bn being invested in 2019.
Microsoft to become water positive by 2030
Microsoft has built on its ambitious emissions reduction targets by committing to becoming a "water positive" business by 2030, pledging to replenish more water than it uses.
5 sustainability communications lessons from David Attenborough's Extinction: The Facts
David Attenborough's latest BBC documentary has been called both "heartwarming" and "gut-wrenching" since it aired on Sunday evening (13 September). But beyond the striking facts and shocking images, it provides viewers with several lessons on how to get environmental communications right, edie's senior reporter Sarah George explains.
Advertising sector launches new initiative to eliminate negative environmental impacts
A new initiative launched to eliminate the advertising industry's negative impact on the environment, which has been backed by the likes of Sky and Unilever.
Choice and information: UK citizens' assembly outlines policy and lifestyle overhauls for net-zero transition
The first UK-wide citizens' assembly on climate change, Climate Assembly UK, has issued a list of recommendations as to how travel, diets, power generation and building use can be revamped to help society transition to net-emissions by 2050.
edie launches new business guide on energy data optimisation
edie has today (9 September) published a new report outlining all the key considerations, challenges and benefits to investing in energy data optimisation to assist with low-carbon strategies.
edie Explains: Energy data optimisation
What is energy data optimisation? Why should a business optimise its energy data? What are the costs and challenges of energy data optimisation? This new edie Explains guide answers everything you need to know about the topic.
Uber commits to becoming zero-emissions mobility platform by 2040
Uber has announced its intention to become a zero-emissions mobility platform by 2040, with all journeys to be completed via zero-emission vehicles, public transit and bespoke micro-mobility devices.
HolyGrail 2.0: Major brands sign up to explore digital watermarks to improve packaging recycling
More than 80 major European brands, including P&G, PepsiCo and Mondi will collaborate to explore the feasibility of using "digital watermarks" to improve the sorting of recyclable packaging across the European Union (EU), as part of the HolyGrail 2.0 project spearheaded by the Ellen MacArthur Foundation.
Climate crowdsourcing: Government urged to put digital technology at heart of net-zero strategy
A new report has called on the UK Government to secure a windfall of the emerging digital climate tech sector by embracing low-carbon innovation through policy measures - a move which could help slash emissions and add billions to the UK economy.
Amazon, Microsoft and Allianz among corporate founders of new climate-risk-focussed data initiative
Amazon, Microsoft, Allianz and S&P Global have signed on as founding corporate members of a new initiative harnessing digital technologies to improve climate risk analysis and boost financing for low-carbon solutions.
Businesses urged to harness 'nature-based solutions' to combat climate emergency
Businesses have been called upon to trial and pilot 'nature-based solutions' (NBS) in helping them reduce environmental impacts while helping the surrounding areas improve resiliency against a range of climate risks.
Energy retailer IGS commits to net-zero by 2040
One of the US's largest energy retailers, IGS, has announced a new commitment to reach net-zero emissions for its operations and the services it provides to its domestic and business customers by 2040, pledging to provide 100% renewable electricity and carbon-neutral gas.
The disclosure and transparency trend
As part of edie's new ESG Handbook, CDP's head of investor research Carole Ferguson outlines how the twin threats of the coronavirus pandemic and the climate crisis is creating a heightened focus on transparency amongst investors and corporates.
Dropbox targets carbon neutrality and 100% renewable electricity within a decade
File hosting firm Dropbox has pledged to achieve carbon neutrality for direct, power-related and business-travel-related emissions by 2030, as part of a sweeping new sustainability strategy.
edie launches new handbook on ESG excellence and best practice
edie has published a new handbook outlining the key considerations and best practice advice to collecting and compiling Environmental, Social and Governance (ESG) data that investors are increasingly looking for, in order to spur the green recovery.
The ESG Handbook 2020: Spurring the green recovery
Green finance and ESG investing were reaching a tipping point, then the coronavirus pandemic swept across the world. The virus hasn’t so much as tipped the scales towards ESG investing but rather poured most of the world’s financial system towards it.
Vodafone and Defra launch IoT tree monitoring system to inform climate policy
Vodafone has enrolled in a new partnership with the Department for Environment, Food and Rural Affairs (Defra) to use Internet of Things (IoT) technology to monitor and research tree growth to assist in tackling the climate crisis.
UN maps all land to help businesses halt habitat and biodiversity destruction
Scientists have mapped the entirety of the planet's terrestrial habitat, creating a resource that will help businesses and investors measure and minimize their impacts on natural resources and biodiversity.
ESG disclosure 'firmly in the mainstream' for corporate reporting
New analysis of global reporting frameworks and requirements for corporate sustainability has found that environmental, social and governance (ESG) disclosure is becoming a crucial aspect of corporate transparency.
edie launches new business guide on Taskforce on Climate-related Financial Disclosures
edie has launched a new Explains guide outlining the key considerations and answering important questions for businesses looking to align their reporting with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).
edie Explains: The Task Force on Climate-related Financial Disclosures (TCFD)
What are the TCFD recomendations? Why does climate disclosure matter? How do you access the financial impacts of climate change? And, what is scenario analysis? This free edie Explains guide gives you everything you need to know.
edie launches top tips guide for smart grids
edie has published a new top tips guide, outlining 10 clear and concise pieces of advice for businesses looking to explore smart grid technology.
Translating targets into temperature: CDP launches new ratings system for climate crisis
CDP has today (7 July) launched a new set of ratings gauging the temperature pathway of investment portfolios, funds and stock indices in order to outline future climate-related risks to investors.
edie launches brand new Sustainable Investment Digital Conference for September
edie is launching its first bespoke sustainability conference focused on green finance, with experts from ING, BlackRock and BNP Paribas set to discuss investment and the green recovery at the Sustainable Investment Digital Conference on 7-8 September 2020.
Sustainable Business Covered podcast: Streaming and the environment
Episode 87 of the Sustainable Business Covered podcast sees edie discuss the energy impact of streaming and digitalisation, featuring interviews with former npower chief executive Paul Massara, UCL professor Yiannis Andreopoulos and vinyl CD manufacturer and retailer Key Production.
Tetra Pak targets net-zero value chain by 2050
Packaging firm Tetra Pak has today (11 June) committed to reaching net-zero greenhouse gas (GHG) emissions across its operations by 2030, with a longer-term target to achieve a net-zero emissions value chain by 2050.
Investors target Facebook, Nintendo and other business giants over climate disclosure
More than 1,000 multinational companies have been contacted by a group of more than 100 investors, calling for relevant data on environmental performance and stewardship to be disclosed to CDP.
Race to Zero: COP26 campaign launched to push nations towards net-zero targets
To mark World Environment Day, the UK Government has launched its "Race to Zero" global campaign to mobilise support for the net-zero transition across businesses, cities and nations, with new data finding that 53% of global GDP is covered by a net-zero ambition in some form.
'Records are falling like dominos': Europe delivering record renewables generation
New statistics have confirmed that Europe broke a renewables generation record during the month, with the continent sourcing more than 50% of its energy needs from green energy on May 24.
Zalando and Sustainable Apparel Coalition issue sustainable metrics for brands and retailers
German online fashion retailer Zalando has confirmed it will be the first retailer signed up to the Sustainable Apparel Coalition (SAC) to use a new module that will make sustainability assessments mandatory for its private labels and partner brands sold on its platform.
West Sussex's £31m 'smart' local energy system to progress during lockdown
A Virtual Power Plant (VPP) project in West Sussex which is aiming to streamline how low-carbon energy is generated, stored, traded and consumed is still running "at full speed" despite the economic disruptions caused by the coronavirus pandemic.
IEA: Coronavirus to cause largest ever drop in global energy investment
The world is on course to witness the largest ever drop in investment in global energy, with the coronavirus pandemic set to restrict spending across renewables, gas, fossil fuels and cleantech.
Purpose from passion: How UK communities can help deliver net-zero
As we continue to seek new and innovative strategies to 'Build Back Better', Anda Baumerte, Sustainability Manager and Community Energy Contact at Northern Powergrid outlines how with DNO support community energy projects can transform our energy network and play a vital role in the transition to net-zero.
HSBC raises £386m fund for climate mitigation in developing countries
HSBC, in partnership with the World Banks's sister organisation the IFC, has raised £386m ($474m) to support investments into climate mitigation across developing countries and markets.
Number of companies requesting supplier environment data jumps by a quarter
The number of companies calling on their supplier to disclose environmental data to CDP has increased by 24% in a year, with more than 150 organisations now taking proactive steps to gain more understanding of the environmental impacts of their supply chains.
Business Barometer: Energy managers focused on data and technology for low-carbon plans
EXCLUSIVE: Energy managers are hoping to focus on data optimisation and smart technologies such as Artificial Intelligence to accelerate low-carbon plans, although financials barriers do remain, according to edie's new barometer survey report, published today (20 May).
Business giants failing to disclose climate-related risks
Europe's largest businesses are failing to provide relevant climate-related data to investors, which could jeopardise the European Union's aims to deliver a "just" carbon-neutral transition by 2050.
Report: UK manufacturers boosting profits by focusing on energy efficiency
UK manufacturers that have taken steps to improve energy efficiency and decarbonise operations are reaping benefits, with 40% reporting increased profit margins and 30% experiencing increased competitiveness.
Intel targets net-positive water use and world's 'most sustainable' PC
IT manufacturer Intel has unveiled new sustainability targets for 2030, committing to achieving net-positive water use, being powered by 100% renewables and launching the "most sustainable and energy-efficient PC in the world".
ESG bonds rise by 270% year-on-year as finance community assists Covid-19 response
The issuance of Environmental, Social, and Governance (ESG) bonds has increased by 272% year-on-year, as investors and insurance firms take proactive steps to respond to the coronavirus pandemic.
New kids on the block: How Minecraft is shaping the next generation of green workers during lockdown
With 1.5 billion children globally unable to attend school during the lockdown, companies including TEDEd, EIT InnoEnergy and the makers of gaming sensation Minecraft have rolled out engaging online content aimed at harnessing the momentum of the 2019 climate strikes.
Five steps to building a resilient carbon strategy in a post-pandemic world
During edie's recent online masterclass, sustainability and energy specialists from Centrica and its Business Solutions arm discussed steps to building corporate carbon strategies while exploring how attitudes towards decarbonisation will change as a result of the coronavirus pandemic.
McKinsey: Reaching 1.5C a ‘daunting’ and unparalleled transition for all sectors
The global transition to limiting global temperature increases to 1.5C by 2050 has been labelled as a "daunting task", that would require unprecedented levels of decarbonisation for key sectors, with the world currently on course to exceed its carbon budget by 2031.
UK sets new record for coal-free generation
The UK has this morning broken its existing record for coal-free power generation, surpassing 18 consecutive days and counting.
Sustainability and CSR professionals: What to do if you've been furloughed
Being furloughed as a sustainability professional can make you question how important your role, and indeed the sustainability agenda is to a business. Here, edie outlines how to handle being furloughed from a mental and professional standpoint.
Coca-Cola and Pepsi falling short on pledges over plastic - report
Coca-Cola and Pepsi are not doing enough to reduce their plastic waste footprint globally, according to a report.
Number of UK sustainability professionals climbs by 12%, according to LinkedIn
The UK has been listed as one of the global leaders for green job growth, with new analysis from LinkedIn revealing an increase in UK sustainability professionals of 12%, almost double the global average.
Coronavirus and globalisation: What next for supply chain sustainability?
Covid-19 has brought global economies to a standstill and knocked the confidence in global and connected trade. Would businesses benefit from pivoting to more localised value chains, or do global supply chains enable a global shift towards a climate-resilient future?
Planetary Computer: Microsoft launches data-driven platform to accelerate global biodiversity efforts
Microsoft has announced the creation of a "Planetary Computer" that will give charities, business and policymakers access to scientific data on how land use, reforestation and other wildlife initiatives can improve biodiversity conservation and climate change mitigation, as the company pledges to protect more land than it uses by 2025.
Content comes at a cost: Reducing the harm of our video habits on the planet
When watching a TV show or a movie online, the environmental cost of our appetite for content is probably the last thing on our minds.
Focusing on people and the planet this Easter
While Easter celebrations will almost certainly be different for many of us this year, it will still be synonymous with chocolate. Cocoa production worldwide hit a record high of 4.85 million tonnes last year and shows little sign of slowing down as, in the face of the pandemic, consumers reach for familiar comforts like chocolate.
Renewables eclipse other power sources in Great Britain for first quarter of 2020
New data has revealed that renewables accounted for more electricity than any other power source in Great Britain for the first quarter of 2020, as blustery winds spurred renewables generation to 45% of the entire electricity mix.
New renewable energy capacity hit record levels in 2019
Almost three-quarters of new electricity generation capacity built in 2019 uses renewable energy, representing an all-time record. New data from the International Renewable Energy Agency (Irena) shows solar, wind and other green technologies now provide more than one-third of the world's power, marking another record.
Company car tax rates for electric vehicles slashed to spur market uptake
New UK regulations that came into force this week will ensure that any businesses purchasing electric vehicles (EVs) will not pay any benefit-in-kind (BiK) tax, as the UK Government attempts to incentivise the market for EVs.
UK's carbon footprint 21% below peak levels, latest Government figures show
The UK's total carbon footprint - a term used to cover consumption-related emissions wherever in the world they occur - fell by 21% between 2007 and 2017, new Government data has revealed.
Heavy-emitting firms 'off-track' to deliver low-carbon world
More than 80% of the highest-emitting listed companies are failing to deliver emissions reductions aligned to the Paris Agreement's 2C global warming limit, with many companies also failing to account for climate mitigation and risk strategies.
New digital tool launched by Government to simplify SECR reporting
The Government agency and reporting council overseeing compliance for the upcoming Streamlined Energy and Carbon Reporting (SECR) standards have launched a new taxonomy to submit relevant data in better aligned digital formats.
Meat sector 'facing ruin' as climate change set to cripple earnings
The increased impacts of climate change coupled with rapid growth of alternative proteins will put "billions of dollars at risk" in the meat sector, as a new study warns that companies are failing to disclose climate-related data or examine how they would perform based on numerous climate pathways.
Corporates and asset managers scrutinised as climate disclosure requirements take shape
As the Financial Conduct Authority (FCA) lines up new corporate disclosure measures, the Treasury Committee and NGO ShareAction have launched separate examinations of the performance of asset managers against key Environmental, Social, and Governance (ESG) metrics.
A female revolution: First stop, climate change
For International Women's Day 2020, AB Sugar's Head of Advocacy, Katharine Teague, discusses how women leaders are emerging to devise strategies that are helping to combat climate change.
Nestlé signs up to European Plastics Pact to push for 100% recyclable or reusable packaging
Food and beverage giant Nestlé has announced that its European business is following in the footsteps of its UK operations by signing up to the European Plastics Pact to help achieve its goals of ensuring packaging is 100% reusable or recyclable by 2025.
Businesses urged to capture £6bn energy savings as SECR requirements loom
Businesses have been urged by the UK Government to accelerate efforts to improve energy efficiency in order to cut corporate energy use by 20%, saving £6bn in the process, ahead of the new Streamlined Energy & Carbon Reporting requirements (SECR) that are set to enter into force.
Plastic Leak Project launched to measure plastic pollution across corporate value chains
A new science-based metric has been produced by a range of public, private and scientific stakeholders that will enable businesses to conduct plastic leakage assessments to identify hotspot areas to combat the amount of plastic seeping into the natural environment.
Science-based pathway for net-zero emissions established for telecoms sector
The International Telecommunication Union (ITU), the Global e-Sustainability Initiative (GeSI) and the GSMA have forged a new partnership to develop a sector-specific decarbonisation pathway that will outline how all companies in the mobile sector can set science-based targets.
Energy companies trial 'heat-as-a-service' to drive demand for low-carbon solutions
UK energy companies Bristol Energy and Baxi Heating have completed year-long trials funded by the Department of Business Energy and Industrial Strategy (BEIS) to explore whether offering heat as a service could drive demand for low-carbon heating solutions in the UK's domestic building stock.
World's largest mining firms 'selectively reporting' on positive sustainability progress, report warns
Many of the world's largest mining companies are choosing to omit mentions of their negative environmental and social impacts from their annual report, highlighting and overstating positive impacts instead, a new report has warned.
Financial Reporting Council launches 'major' review of corporate climate reporting
The Financial Reporting Council (FRC) is set to launch a major review into the quality of how companies and auditors are reporting on climate change impacts and risks, including the pace at which the Task Force on Climate-related Financial Disclosures (TCFD) framework has been adopted.
'Climate risk is financial risk': TCFD surpasses 1,000 global supporters
The Task Force on Climate-related Financial Disclosures (TCFD) has revealed that more than 1,000 organisations are supporting its recommendations, including corporates with a combined market cap of $12trn and investors with $138.8trn of assets under management collectively.
edie launches business guide to Streamlined Energy and Carbon Reporting
edie has launched a business guide into the important issue of Streamlined Energy and Carbon Reporting (SECR) as the first full financial year since the scheme was introduced in April 2019 draws to an end.
Reports: BlackRock and Barclays to act on climate investment calls
As reports emerge that Barclays is set to agree on shareholder calls to phase-out fossil fuel investments, BlackRock has already made strides on its stance to remove fossil fuel firms from its portfolio.
Five key takeaways from edie's net-zero energy masterclass
Last week, edie undertook a masterclass with Smartest Energy on evolving your energy strategy for net-zero, which included a case study with property giant JLL.
Report: Heavy industry making "slow progress" on Paris Agreement
A new study has shown there has been slow progress on climate action in high-emitting industries, with just one in five corporates operating in line with a 2C trajectory.