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According to CAT, new climate plans from the US, the EU27, China and Japan are responsible for shrinking the emissions gap

Report: Nations falling short on collective efforts to meet Paris Agreement

Nations are adopting stronger climate targets in the build-up to COP26, but new research has revealed that current policies would still lead to global warming twice what it should be if the world is to meet the aims of the Paris Agreement.
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.
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.
The investment into the Atlas factory will deliver net-zero emissions across Scope 1 and 2, Ibstock has confirmed. Scope 3 will be addressed at a later date

Ibstock outlines steps to create world's first net-zero carbon brick factory

Brick manufacturer Ibstock has chosen its Atlas facility in the West Midlands as the location for what it claims will be the world's net-zero carbon brick factory.
BlackRock now manages more than $200bn in long-term sustainable strategies

BlackRock launches temperature-aligned investments funds

The world's largest investor BlackRock has unveiled two new temperature-based exchange funds aimed at helping investors align portfolios with the pathways of the Paris Agreement.
 On average, supply chain emissions are up to 11.4 times higher than operational emissions

Salesforce launches new cloud hub for supply chain emissions

Salesforce has unveiled a new cloud-based hub that enables companies of all sizes to track and measure value chain emissions.
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.
The company also noted the necessity of working with governments and other sectors to unlock ways to accelerate the rollout of EVs

Toyota to review industry associations as part of carbon-neutral target for 2050

Japanese car manufacturer Toyota will review the industry associations it is part of to ensure they are compliant with the aims of the Paris Agreement, as part of a commitment to reach carbon neutrality by 2050.
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).
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.
The EV manufacturer has already provided a labelling system to outline the lifetime carbon footprint of its new vehicles. Image: Polestar

'A moonshot goal': Polestar aims to develop offset-free, climate-neutral car

Swedish electric vehicle (EV) manufacturer Polestar has unveiled an ambitious new intention to create the first "truly" carbon-neutral car by 2030, by reducing emissions across the value chain and without relying on offsetting.
British Land's portfolio is currently valued at around £14.8bn

British Land confirms approved science-based targets on journey to net-zero

Property development and investment giant British Land has had interim carbon reductions targets to help deliver net-zero emissions approved by the Science Based Targets initiative (SBTi).
Green groups claim the decision is against efforts to champion climate action in the build up to COP26

'Outrageous hypocrisy': Government condemned over £16bn oil and gas sector 'bailout'

Green groups have expressed their anger at the Government's new £16bn sector deal that pledges to align the oil and gas sector with the national net-zero target, while also ending financing for overseas fossil fuel projects, with many frustrated by a refusal to end oil and gas licensing.
The Government believes the funding will cut more than 70,000 tonnes of carbon annually

Government commits £560m to decarbonise housing

The Government has issued £500m from the Green Homes Grant and £62m from a Social Housing Decarbonisation Fund to improve the energy efficiency of 50,000 UK households.
Unite Students will launch detailed plans to reach net-zero later this year  

Unite Students set net-zero carbon goal for 2030

Real estate investment company Unite Students, which provides students with accommodation across the UK, has set a new sustainability commitment to reach net-zero carbon across its operations and construction by 2030.
The Government expects the strategy to deliver at least three megatons of captured carbon from industry by 2030

Government unveils new Industrial Strategy to spur decarbonisation and create green jobs

The UK Government has today (17 March) revamped the Industrial Strategy to align manufacturing and construction efforts to the national net-zero target, with more than £1bn to funnelled into industry, schools and hospitals.
Green groups have largely welcomed the new strategy, but want more details

'Another vital step to net-zero': Green economy reacts to the Industrial Decarbonisation Strategy

The UK Government has unveiled a new Industrial Decarbonisation Strategy that will spur rapid decarbonisation across industry, the public sector, construction and manufacturing. But do green groups believe the strategy will put the nation on course for net-zero by 2050?
The banks warn that a piecemeal, short-term approach would hinder the amount of finance that is funnelled into retrofitting efforts

Retrofit revolution can cut emissions and deliver £7.5bn energy savings for UK

Retrofitting the UK's building stock with low-carbon solutions could reduce national energy costs by £7.5bn a year, create more than 150,000 jobs over a 10-year period and cut carbon emissions by 20%, MPs have been told.
Money needs to be re-aligned in order to stimulate this demand

IRENA: Existing solutions can spur progress to net-zero

Global power sourced from renewables is set to treble by 2050, with wind, solar and hydrogen all required to account for 90% of all decarbonisation solutions to push the global economy towards the 1.5C pathway, a new report from the International Renewable Energy Agency (IRENA) has found.
The report is free to download for edie users

What does sustainable business leadership look like in 2021? edie publishes results of flagship survey

edie has today published a comprehensive report breaking down exactly what 'business leadership' looks like as the UK strives to build back from the coronavirus pandemic through a green recovery focused on low-carbon ambitions and a just transition.
The so-called moonshot has been supported by the International Chamber of Shipping (ICS), which represents 80% of the global shipping industry

Shipping industry backs $5bn decarbonisation moonshot

The global shipping industry has given "full and unequivocal" support to a "moonshot" submitted by various national governments that would create a $5bn fund to reduce the carbon impact of the sector.
The Government’s new £20m fun will assist research and development competition for EV technology innovations

Government confirms 2030 ban on petrol and diesel cars, unveils £20m electric vehicle package

The Government has officially confirmed that the ban on sales of new petrol and diesel cars has been moved forward to 2030, while also announcing a new £20m funding pot for electric vehicle (EV) innovation.
Last year, Morgan Sindall was among the construction firms to jointly declare a climate emergency

Morgan Sindall targets net-zero emissions by 2030

The Morgan Sindall Group is the latest construction company to commit to reaching net-zero emissions, aiming to reach that milestone by 2030 at the latest.
The report is free to access for edie users

New report: What role can the public sector play in delivering a green recovery?

edie has this week published the latest in a new series of reports looking at how businesses from key sectors can respond to the challenges of the coronavirus pandemic by focusing on a green recovery. This time, the focus is on the public sector.
In 2016, the firm agreed to power its operations with 100% renewable electricity, a target that has been met

Etsy commits to net-zero emissions by 2030

Online retailer Etsy has pledged to "deepening its commitment to a sustainable future" by setting science-based targets and pledging to reach net-zero emissions by 2030.
Of the 111 companies in global heavy industry surveyed, only 16 are well on track to aligning strategies with the Paris Agreement

Global heavy industry failing to align with Paris climate goals

Only 14% of publicly listed companies in the steel, cement, aluminum, paper and mining sector are on track to meet the Paris Agreement's 2°C climate target, according to a report by the Transition Pathway Initiative (TPI), a global investor group supported by the UN. Still, some European companies offer hope, EURACTIV Germany reports.
CCS is viewed as a crucial technology in reaching net-zero emissions

ExxonMobil, LafargeHolcim and Elon Musk: The corporate giants placing their faith in CCS

Over the last couple of days, the world's largest cement manufacturer, one of the world's largest fossil fuel firms and the founder of the biggest electric vehicle (EV) manufacturer have all unveiled strategic efforts to commercialise carbon capture and storage projects.
A host of green finance experts met virtually on day one of the Sustainability Leaders Forum

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.
The trial is part of Ocado Retail’s target to become net-zero by 2035

Ocado trials electric vehicles for rapid deliveries

Ocado has launched a trial of electric vehicles (EVs) for its rapid grocery delivery service in the heart of London, as part of the retailer's ongoing commitment to reaching net-zero emissions.
The company will offer 30 all-electric models globally, with EVs expected to account for 40% of US market entries by the end of 2025

General Motors aims to become carbon neutral by 2040

General Motors (GM) will target carbon neutrality across its operations and products globally by 2040, while also committing to set science-based targets that would deliver net-zero emissions ten years later.
Currently, corporate commitments under the Race to Zero campaign cover more than 12% of the global economy and $9.8trn in revenue

COP26 President launches challenge to deliver net-zero 'tipping points' in every sector

The UN High-Level Climate Champions and COP26 President Alok Sharma have today (28 January) unveiled a radical new roadmap to push the global economy towards net-zero emissions, targeting a range of near-term, sectoral tipping points to deliver decarbonisation.
The company will also aim to tackle emissions from the supply chain, which accounts for more than 70% of Mastercard’s total carbon footprint

Mastercard commits to net-zero carbon by 2050

Mastercard has pledged to reach net-zero emissions by 2050, aiming to expand the use of onsite solar technology while also decarbonising its supply chain.
We summarise the key facts and stats from the new surveys

In numbers: How prepared are UK businesses for the net-zero transition?

The UK Government's 2050 net-zero target is legally binding, meaning that businesses of all sizes and sectors must accelerate decarbonisation efforts. But two new major surveys have highlighted major challenges for the private sector. Here, edie rounds up the key findings.
One scenario suggests more than 3,000% growth in electric vehicles and a 2,500% rise in domestic heat pumps by 2030

Electric vehicles and heat pumps set for exponential growth on road to net-zero

More than 4.5 million electric vehicles (EVs) could be on UK roads, almost 250,000 households could feature solar technology and between 450,000 to more than one million domestic electric heat pumps could be installed by 2030 in order to reach net-zero, new research has found.
The webinar features speakers from Costain Group, Ibstock Brick, the Natural History Museum and Carbon Clean

Now available on demand: edie's free webinar exploring onsite net-zero technologies

edie's latest webinar is now available to watch on-demand. Tune in to hear experts providing best-practice advice on investing in and integrating net-zero technologies to help assist with decarbonisation targets.
The companies are responsible for owning and operating the infrastructure that delivers gas to 85% of homes in Great Britain

Major gas grid companies team up to outline hydrogen deployment plans

Britain's five major gas grid companies have launched a major collaborative plan to create the UK's first hydrogen town by 2030 as well as creating a network of hydrogen refuelling stations for transport and helping to decarbonise industrial clusters.
The Biden Administration is expected to reverse more than 100 climate-related policies introduced by Trump

Biden returns US to Paris Agreement as part of climate policy overhaul

In one of his first acts after being sworn in as the 46th President of the United States of America, Joe Biden moved to readmit the US back into the Paris Agreement, claiming that tackling the climate crisis, racial inequality and current coronavirus pandemic were the "gravest responsibilities" that countries face.
The average company’s supply chain emissions are estimated to be around five-and-a-half times greater than those generated by their direct operations

'A game-changing opportunity to fight climate change': WEF pushes businesses on supply chain decarbonisation

The World Economic Forum (WEF) is urging businesses to do more to tackle their supply chain emissions, which often represent the bulk of their total climate footprint, and has published new advice on how to do so.
The EU NFRD reporting mechanism was created to ensure that the impacts of sustainability are considered more broadly throughout the whole business

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.
The 2050 target will cover emissions across the company’s default pension fund ranges. Aegon will also place its corporate operations under the net-zero ambition

Financial firm Aegon commits to net-zero emissions by 2050

Financial services firm Aegon has become the latest corporate to commit to reaching net-zero emissions by 2050, targeting the decarbonisation of its pension fund ranges and main operations.
A series of digital events will be hosted by the company in the run up to COP26

Envision Virgin Racing confirmed as COP26 partner for 'together for our planet' campaign

Motorsport team Envision Virgin Racing has been named as the latest company to be announced as a key partner for the COP26 climate summit, joining the "Together for Our Planet campaign" to encourage global climate action and raise awareness of the electric vehicle (EV) transition.

Four top tips for building a great net-zero carbon strategy

This report showcases the output of edie's SPARK! event, where expert energy professionals from a range of sectors shared experiences developing and delivering net-zero strategies.

The report is free to download

Report: Can the built environment achieve a green recovery?

edie has today (8 January) launched a free report detailing the appetite within the built environment sector to collaborate to overcome the challenges presented by the ongoing coronavirus pandemic and to "build back better" by championing the green recovery.
Lenovo recently set science-based targets to halve emissions from its operations

Lenovo to deliver global rollout of customer offset scheme

Computer manufacturer Lenovo has unveiled plans to rollout a carbon offsetting scheme for customer purchases across the globe, following a trial run in the Nordics that saw 26,000 metric tonnes of carbon dioxide offset.
The airport has been hit hard by the coronavirus pandemic, with flights dropping by 80% since March 2020

Gatwick Airport under fire over 'callous' runway expansion plan

Green groups have criticised the decision from Gatwick Airport to transform its emergency runway into a fully functioning second runway, claiming that the organisation is "ignoring" noise and emissions issues.
Stanlow Ellesmere Port, one of the selected project locations

Funding allocated to six projects aiming to develop world's first net-zero industrial cluster

UK Research and Innovation (UKRI) has selected six projects across the UK that will receive a share of £8m in funding to drive progress towards creating the world's first net-zero emissions industrial zone by 2040.
The research warns that up to 10 million jobs will need to be replaced or retained as part of the net-zero transition

Report: 10 million high-carbon jobs to be retrained or replaced as part of net-zero transition

Research from a new cross-party programme exploring the net-zero transition in the UK has warned that 10 million jobs will either need to be retrained or replaced if the nation is to meet its climate commitments.
The company issued its first green bond in 2017, which raised $100m towards a retrofitting the Republic Plaza

CDL secures $740m green loan for property portfolio

Real estate company City Developments Limited (CDL) has confirmed a new green revolving credit facility totalling $470m that will be used to refinance it's the Republic Plaza commercial property and future low-carbon projects.
Environment ministers want more done to guarantee renewable production and to support local businesses in the hydrogen supply chain

Five EU countries object to bloc's latest hydrogen 'manifesto'

Austria, Denmark, Luxembourg, Portugal and Spain have issued a joint letter calling on the EU to clearly prioritise renewable energies under an EU-led project aiming to accelerate hydrogen deployment, research and infrastructure.
The Treasury reiterates that net-zero is “essential” in delivering long-term prosperity

Net-zero impact on UK economy to be 'relatively small', Treasury finds

The HM Treasury has published a final report in the build-up to a Net-Zero Spending Review, claiming that the transition to meeting the UK's long-term climate goals could deliver "slightly positive or slightly negative" economic growth for the UK, depending on how decisive policy action is.
Corporate members of the initiative represent a combined turnover of €284bn

Telefónica, Nestlé and Ragn-Sells commit to net-zero supply chains

Technology giant Telefónica, food manufacturer Nestlé and waste management firm Ragn-Sells are the latest businesses to sign up to a collaborative movement to reduce value chain emissions in line with the 1.5C ambition of the Paris Agreement.
Green Groups have welcomed the announcement, but more detail is still being required

An 'undisputed urgency to act': Green economy reacts to the Energy White Paper

The Government has unveiled the long-awaited Energy White Paper today (14 December), with green groups welcoming the focus it provides to both job growth and rapid decarbonisation in order to reach net-zero emissions by 2050.
The White Paper builds on numerous commitments outlined by Government in recent months

Energy White Paper: Government confirms £6.7bn warm homes package and UK ETS

The UK Government has finally released its Energy White Paper, detailing steps to deliver "overwhelmingly decarbonised power in the 2030s", with a new £6.7bn support scheme to be set up to tackle fuel poverty and a UK variant of the Emissions Trading Scheme to be introduced.
Unilever will seek an advisory vote every three years on any proposed updates to the plan

Unilever to let shareholders vote on new climate targets

Unilever has become one of the first global companies to voluntarily commit to putting new climate targets to a shareholder vote, with the company's science-based targets currently focusing on zero emissions for its operations.
WHSmith will engage with suppliers to agree on a set of pathways to achieve net-zero for Scope 3 emissions by 2040

WHSmith targets net-zero emissions by 2025

Retailer WHSmith has unveiled a new five-year sustainability plan to reduce its operational emissions to zero by 2025, with the company set to engage with suppliers to help them become net-zero.
A recording of the webinar is available to watch on-demand

Available to watch on demand: Webinar on making 2021 the 'super year' for corporate sustainability

edie's most recent explored the redefinition of corporate sustainability leadership in 2021, through the lens of buildings and transport, the Sustainable Development Goals and net-zero strategies, featuring expert insight from Anglian Water, Business in the Community and EDF Energy. A recording of the session is now available to watch.
Green groups have welcomed the commitment, but want more detailed outlines of how decarbonisation will be delivered

A 'vital step': Green economy reacts to the UK's new climate commitment

Green groups and business leaders have welcomed Prime Minister Boris Johnson's announcement that the UK has created an updated domestic emissions target for 2030 as its contribution to the Paris Agreement, but with progress lacking against upcoming carbon budgets, many want to see more detailed action plans.
The latest draft text, obtained by EURACTIV, “significantly weakens the priority given to renewable hydrogen,”

Renewable or 'low-carbon'? EU countries face off over hydrogen

EU member states are fighting over which type of hydrogen to support, with two opposing camps facing off: those backing green hydrogen produced exclusively from renewable electricity, and those in favour of a broader "low-carbon" definition, which also includes nuclear power and decarbonised gases.
The report has been created in assistance with Reconomy and uses exclusive results from edie’s green recovery survey of 243 sustainability and energy professionals

Report: Can the retail sector deliver a green recovery?

edie has published a new report detailing how retailers can build back better from the coronavirus pandemic by aligning long-term strategies with the need to combat the climate crisis, foster new innovations and ultimately spur a green recovery.
The 100-page report outlines the Government’s intention to “deliver an infrastructure revolution” that is tied to net-zero

National Infrastructure Strategy: Government to deliver 'revolution' tied to net-zero

The Government has launched its long-awaited National Infrastructure Strategy, detailing how transport, industry, energy and the built environment will be transformed to reach net-zero, with Chancellor Rishi Sunak using his spending review to confirm a £12bn commitment to the net-zero transition in 2021-2022.
The UK has bounced around the top seven of the rankings for the last few years

UK climbs to fifth for global renewables market outlook

The UK has leapfrogged Germany to rise to fifth in the rankings for national attractiveness of renewable energy investment and deployment opportunities.
The targets will set up the required decarbonisation rate to allow Vodafone to eliminate Scope 3 emissions completely by 2040

Vodafone sets net-zero target for 2040

Vodafone has committed to reducing its carbon emissions to net-zero by 2040 and will eliminate emissions from its activities and energy and halve scope 3 emissions by 2030.
The Government insists this is "only the start" of a green policy rollout

Is Boris Johnson's Ten Point Plan enough to reach net-zero?

Businesses, green groups and entire sectors welcomed the far-reaching announcement from the UK Government to issue a Ten Point Plan that would put the nation on the road to net-zero, but already analysis suggests that more is required to reach net-zero emissions by 2050.
Three-quarters of British firms believe they have a role to play in furthering national and international progress against the SDGs

New report details how businesses can help achieve SDG 7: Clean and Affordable Energy

edie's latest SDG Spotlight report, produced in association with Bryt Energy, looks at how businesses and national policies can transform operations, services, supply chains and strategies to help deliver Goal 7: Clean and Affordable Energy.
LafargeHolcim has committed to becoming the first global building materials company to have targets approved by the Science Based Targets initiative (SBTi)

LafargeHolcim links €850m to decarbonisation goals

The world's largest cement manufacturer, LafargeHolcim, has priced an €850m bond linked to the company's sustainability targets.
The £12bn plan will support up to 250,000 green jobs, with the Government aiming to secure three times as much investment from the private sector by 2030

'An ambitious plan for a green industrial revolution': Reaction to Boris Johnson's Ten Point net-zero plan

Green groups have welcomed a new Ten Point Llan from Prime Minister Boris Johnson to deliver a green recovery from the coronavirus pandemic and build towards the net-zero emissions target, but the lack of a clear roadmap is dampening an otherwise monumental green policy moment.
Carbon Copy uncovered the data through its new UK Carbon Zero Explorer interactive map

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.
The announcement for the BRC comes at a challenging time for the retail sector

UK retail sector pledges to reach net-zero emissions by 2040

More than 60 leading retailers, including Pret UK, Burberry, Sainsbury's and Missguided, have pledged to support a new collaborative roadmap to transform the sector and its supply chain to net-zero emissions by 2040.
The groups are calling for a fresh emissions goal to be set for 2030

Business groups call on Prime Minister to set Paris Agreement commitment by end of year

A number of green business groups have called on Prime Minister Boris Johnson and the UK Government to set a substantial commitment to the Paris Agreement that is aligned to the nation's own net-zero target.
The report features insight on how innovation, collaboration and net-zero will shape a green recovery in the sector

edie launches new report detailing how the hospitality sector can achieve a green recovery

edie has launched its latest sector insight report, examining how the hospitality and leisure sector can build back better from the impacts of the coronavirus pandemic by focusing on low-carbon strategies as part of a green recovery.
Mike Townsend, founder and chief executive of Earthshine Group, summarises the net-zero journey

Towards net-zero: Are we really the smartest of monkeys?

Setting the scene for edie's upcoming Net-Zero November month of themed content and events, sustainable business expert and commentator Mike Townsend takes a thought-provoking look at the various drivers, challenges and opportunities that lie ahead for businesses on our pathway towards a net-zero carbon, circular economy.
NEP transportation and storage infrastructure linked to both sites could enable almost 50% of the UK’s industrial emissions to be decarbonised

Energy giants launch Northern Endurance Partnership to explore carbon capture opportunities

A group of businesses including BP, Shell and the National Grid have formed the Northern Endurance Partnership (NEP), which is aiming to develop carbon transportation and storage infrastructure in the North Sea to assist with plans to decarbonise the UK's industrial clusters.

edie explains: Science-based targets

What makes emissions targets "science-based"? How can businesses go beyond 2C alignment and strive for 1.5C? And what role do these targets play in the net-zero movement? This free edie explains guide answers all of these questions and more.
More than 400 million metric tons of plastic are produced globally every year

Electrolux debuts vacuum cleaner made from 100% recycled plastics

Electrolux has unveiled the first product range as part of a new "circular initiative" with Stena Recycling, a new vacuum cleaner made from 100% post-consumer recycled plastics and reused materials.
The businesses are calling for targeted policies that will support and enable viable projects to commence over the next decade

Businesses and green groups call for Government to set out 'negative emissions' policy framework

The National Farmers Union (NFU), Heathrow Airport and the Renewable Energy Association (REA) are amongst the organisations that have formed the Coalition for Negative Emissions, which is this week calling on the UK Government to set an "unambiguous commitment" to carbon capture and negative emissions.
The Alliance members state that they do not wish to engage in divestment exercises

Global investors kickstart 1.5C decarbonisation process for portfolios

Some of the world's largest investors accounting for $5trn in assets under management have agreed to set time-bound decarbonisation targets that will see the organisations work with companies in their portfolios to align to climate action.
The BT Pension Scheme has joined the UN-convened Net-Zero Asset Owner Alliance

BT's £55bn pension scheme commits to net-zero emissions by 2035

The UK's largest corporate pensions investment fund, BT Pension Scheme, has signalled its intention to reach net-zero emissions by 2035 on behalf of its £55bn portfolio.
Vodafone has vowed to power its European network - spanning 11 national markets - with 100% renewable electricity by the end of July 2021

Vodafone saves £10m in energy costs over three-year period

Vodafone has worked with facilities management firm Mitie to reduce its UK carbon footprint by 25,000 tonnes over a three-year period, with improvements to building-based energy use saving the technology firm around £10m.
ZCH could reduce the UK’s annual emissions by 15% and save industries around £27.5bn in carbon taxes by 2040

Businesses pour £75m into Humber's zero-carbon industrial cluster

A host of organisations have submitted a public and private sector bid of £75m to build key infrastructure to create the world's first zero-carbon industrial cluster in the Humber region.
The NHS accounts for 4% of the UK’s carbon footprint

NHS sets net-zero emissions target for 2040

Despite the ongoing challenges in dealing with the coronavirus pandemic, NHS England has signalled its intention to reach net-zero emissions through a plethora of new initiatives that will see 40 net-zero hospitals created alongside a £50m LED lighting upgrade.
The report outlines the Covid-19 challenges that manufacturers face, but also the opportunities of the green recovery for the sector

edie launches new report on achieving a green recovery for the manufacturing sector

edie has today (29 September) published the first in a new series of reports looking at how businesses from key sectors can respond to the challenges of the coronavirus pandemic by focusing on a green recovery. First up, the manufacturing sector.
Chanel is the first unrated issuer to have a public set of bonds linked to sustainability ambitions

Chanel links €600m sustainability bond to science-based targets

Luxury fashion and fragrance giant Chanel has issued a €600m transaction for bonds linked to the company's progress against its 1.5C science-based targets.
There is more than 10GW of large-scale solar being planned in the next few years

Renewable and technology associations team up to drive corporate demand for clean energy

UK trade associations, techUK, the Solar Trade Association (STA) and RenewableUK are forming a new partnership to encourage companies to purchase more renewable energy in a bid to spur the net-zero transition.
Solutions could help the UK become a leading market for smart energy, mobility, connected homes and buildings and climate modelling scenarios

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.
Almost three-quarters of a million jobs have been lost in the UK as a result of the coronavirus pandemic

Transition Agreements: Companies urged to future-proof job security as part of net-zero disruption

Companies should make Transition Agreements with existing unions to ensure that job security, training and potential redeployment are covered as part of the UK's net-zero transition.
Between September 2013 and March 2020, JLR has reused around 360,000 tonnes of scrap back into vehicles

Recycled aluminium could help Jaguar Land Rover reduce emissions by a quarter

Jaguar Land Rover (JLR) has revealed that its ongoing project to recover and reuse aluminium from drinks cans and end-of-life vehicles into new car products could reduce its carbon emissions by up to 26%.
The assessment report highlights both policy and technical risks to deploying “dispersed” CCS, notably a lack of viable transportation methods

UK's CCS deployment lacking 'comprehensive' planning on non-cluster sites

The UK's net-zero transition is lacking a "comprehensive regulatory framework" to overcome challenges to "dispersed" sites that would be suitable for carbon capture technology (CCS) but that aren't located in industrial clusters.
The supply chain can account for more than 90% of a company's environmental footprint

Scope 3 and the supply chain: How businesses are taking sustainability leadership to a new frontier

Not too long ago, sustainable leadership was defined by those 'getting their own house in order' through emissions reductions, but as the pace required to reduce emissions grows, so too does the efforts from businesses to assist the supply chain in decarbonising. Here, edie looks at some of the transformational ways businesses are engaging with suppliers.
The Science Based Targets Initiative (SBTi) has verified the new targets

Capgemini targets net-zero operations and supply chain by 2030

IT services and consultancy firm Capgemini has pledged to achieve carbon-neutral operations by 2025 and full net-zero alignment by 2030, after meeting one of its key emissions targets a decade ahead of schedule.
The UK’s net-zero emissions target for 2050 will require every household to replace their heating system with lower carbon alternatives

Government urged to ratchet up spending into household energy efficiency

The UK Government has been urged to implement a Home Improvement Plan to facilitate more than £5bn in annual spending to improve the energy efficiency of the UK's housing stock to contribute to the net-zero target for 2050.
Industry accounts for around 30% of global carbon emissions

UK among nations calling for low-carbon industrial transition to spur job growth

The UK has joined seven other nations in calling for industrial transitions to be delivered in a way that delivers new jobs and is in alignment with ongoing efforts to tackle the climate crisis.
Equinor is aiming to deliver a final investment decision on the plant in 2023, with production set to commence in 2026

Equinor to deliver world's largest at-scale hydrogen from carbon capture plant in Hull

Equinor has unveiled plans to develop the world's largest plant capable of converting natural gas to hydrogen in combination with carbon capture and storage (CCUS), as part of the zero-carbon industrial hub located in the Humber region.

Amazon to invest $2bn in low-carbon innovations

Amazon will invest at least $2bn (£1.6bn) in smaller firms creating technologies or services aimed at reducing carbon emissions to net-zero, the e-commerce giant announced on Tuesday (23 June).
British Land's portfolio is currently valued at around £14.8bn

British Land targets net-zero portfolio by 2030

Property development and investment giant British Land has unveiled a sweeping new sustainability strategy, headlined by a 2030 net-zero target for its office and retail estate.
The Airport claims it has been working since the recent Heathrow court ruling to examine how the expansion can be deliver in line with the Paris Agreement

Luton Airport to become 'most sustainable airport' by 2040

London Luton Airport has revealed an intention to become the UK's "most sustainable airport" by 2040, claiming that a planned expansion can be delivered in line with the ambitions of the Paris Agreement.
Heat accounts for more than a third of the UK’s greenhouse gas emissions

Heat Networks Industry Council set up to spur zero-carbon networks and job growth

Organisations overseeing the UK's heat networks and industry have created a new Council that will oversee plans to drive up to £50bn in investment into the sector to create 35,000 new jobs and deliver zero-carbon heat networks.
Just four of the 18 companies had set targets to reduce emissions across the value chain by 2050

Cooling sector lagging behind on low-carbon innovation

With news emerging that last month was the joint-warmest April ever recorded, new analysis from CDP has warned that major consumer electronic and cooling appliance firms are failing to innovate technology to spur decarbonisation.

#SustyTalk: WSP UK's David Symons on net-zero pledges and a just recovery

edie's #SustyTalk interview series continues with environmental services firm WSP's director of sustainability David Symons discussing sector-wide pledges to net-zero emissions and how to build back better from the coronavirus pandemic.
McKinsey notes that allocating funding towards climate action will cut emissions, spur job growth and generate economic returns

'Use it or lose it': Pandemic recovery a decisive moment for climate action

A new report from global analyst firm McKinsey has found that recovery packages from the coronavirus pandemic will be decisive in putting the world on course to meeting the Paris Agreement, calling for low-carbon technologies and solutions to be prioritised.

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