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The Investor Agenda is designed to support asset managers as they scale up investments critical to tackling climate change

Hundreds of global investors commit to bolster climate strategies

A coalition of almost 400 investors with $23trn in collective assets has pledged to step up its climate action plans in a bid to help the global finance sector meet the aims of the Paris Agreement.

The Unfriend Coal briefing has been published during a global reinsurance conference in Monte Carlo, in a bid to drive coal divestment image: Marion Esnault

Fresh warnings over lack of climate action across finance sector

The reinsurance and pension fund sectors are failing to progress the finance sector towards key climate goals by continuing to invest in coal projects over low-carbon alternatives, two reports have claimed.

World Water Week: Valuing our natural environment

We all 'appreciate' a babbling brook and beautiful rivers and oceans, but what is the value of our natural environment? World Water Week provides us all with the perfect opportunity to reflect on the importance of water stewardship, which is not only about doing the right thing, it's also about generating real business benefits as a result.

Legal and General said divestment is a

Legal and General divests from climate change 'laggards'

Insurance giant Legal and General Investment Management (LGIM) has committed to divest from a host of companies it believes are showing "persistent inaction" on addressing climate risks, removing the firms from its Future World Fund.

The EAC does not believe that a voluntary approach will be effective in the medium-term

MPs urge UK Government to make climate risk reporting mandatory

Ministers have urged the UK Government to make it mandatory for companies and asset owners to report on climate-related risks by 2022 in order to "fix" the short-term mindset of the current financial system.

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.

UK insurers Aviva and Legal & General claimed second and fourth place respectively

UK insurers lead the ranks for climate action

UK insurance companies Aviva and Legal & General have taken two of the top four spots in a ranking of global insurers on their climate strategies, but globally the sector is struggling to set climate targets in line with the Paris Agreement.

Sector insight: The state of sustainability 2018

This exclusive insight report explores the key drivers, challenges and opportunities facing sustainable business in the UK.

So far, 16 insurers have divested an estimated €22bn from coal companies

Allianz pledges to stop insuring coal plants as pressure mounts on insurance industry

Financial services firm Allianz has set a target to eliminate its insurance coverage for coal, amid heightened pressure on the industry to end its support for the fossil fuel.

The Commission will also present in May a draft law to clarify the investors’ duties in regards to their advice and responsibilities on sustainable products

European Union unveils green investment action plan

The European Commission unveiled on Thursday (8 March) its highly expected action plan on sustainable finance, aiming to clarify what can be labelled as "green" investment and potentially lowering capital requirements on asset holders.

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.

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.

edie Explains: Energy storage

How does energy storage work? What are the business benefits of commercial battery systems? And how can they interact with other onsite energy technologies? This free edie Explains guide gives you everything you need to know.

Developed countries had pledged to raise $100 billion each year in climate finance for developing countries by 2020. However, as of September 2017, governments had pledged $10.3 billion

Climate finance, the sticking point in COP23

Rich countries had pledged to raise $100 billion each year in climate finance for developing countries by 2020. As of September 2017, they had pledged just $10.3 billion. And the question of who should pay remains unanswered.

Autarco insists that end users will no longer have to settle for an expected guarantee without sufficient protection of their bottom-line investment

Lloyd's of London first insurer to back kWh guarantee for solar installations

Businesses can now receive a kWh performance guarantee for solar fittings after PV manufacturer Autarco launched a new assurance for its PV systems.

Deep breath: change the conversation

Air quality in our towns and cities is a critical issue but action and progress will be sorely limited unless we grasp the challenge of awareness, behaviour and pro-active communications.

edie Explains: Energy data optimisation

The latest in our ‘edie Explains’ series is dedicated to understanding energy data optimisation. This can be a complex issue, but our step-by-step guide takes you through the process and provides top tips for success.

Can we get over our fear of second hand?

Everyone enjoys having something new to play with. For many adults, the thrill of opening the packaging on a new mobile phone is almost as great as unwrapping presents on Christmas morning when they were a child. But apart from the novelty of a box fresh product, is there any sound reason why new should be considered superior to a refurbished second-hand product?

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.

Election 2017 manifesto matrix: What the parties have said on energy and the environment

It's decision time. Tension is mounting among the green business community ahead of the UK election - but which party offers the most promising green policy approach? Here, edie has rounded up the most important inclusions (and exclusions) from each of the main parties' manifestos into a single, easy-to- read document.

BS 8001: a new standard to help organisations square the circle

There is no shortage of publications and online resources covering particular aspects of the circular economy. Yet despite all this - and a few high-profile forward-thinking examples - it seems many businesses are still struggling to get started on employing circular thinking.

Autonomous systems for environmental monitoring

Autonomous systems are a key priority in governmental agendas. In 2013, David Willetts included them as one of the Eight Great Technologies that will propel the UK to future growth. In 2017, the Industrial Strategy Challenge Fund was created that prioritised "robotics systems...that can be deployed in extreme environments."

Mark Wilson's company Aviva was the first global insurance group to go carbon-neutral

Aviva chief: It's time to make sustainability a competitive sport

Sustainability should be treated as a competitive sport, driven by public league tables on corporate climate performance to incentivise businesses to strive towards industry climate leadership, Aviva's chief executive has said.

World Water Day: Why tackling flooding remains a sustainability priority

Water-based crises are once again being thrust into the international spotlight on World Water Day. Yet, after decades of attempts - and billions wasted - flooding remains widely unaddressed by business and governments alike.

Stairway to success: Further education and support to articulate the benefits of the circular economy is required to encourage widespread adoption

Thinking circular: applying an effective closed-loop model

Ahead of her appearance at edie Live 2017 in May, circular economy expert Catherine Joce explores what it takes to deliver a successful closed-loop product or service, drawing on real-life examples of businesses that are driving the resource revolution.

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.

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.

Allianz found that 30% of respondents are concerned about new digital hazards, with cyber security ranking as the 2nd highest business concern in the UK and the US

Cyber threats and climate change ranked as key business concerns by Allianz

Climate change and cyber security have been highlighted as two of the major concerns for companies that will be subjected to an increasingly "unpredictable business environment" in 2017, new research from financial giant Allianz has found.

Munich Re’s NatCatService recorded 750 medium and large scale loss events from natural causes in 2016 – significantly above the ten-year average of 590

Less than a third of $175bn natural catastrophe losses covered by insurance

Deadly storms and earthquakes across the globe led to the costliest twelve months for natural catastrophe losses since 2012, with insurers paying out around $50bn to cover just 30% of global losses.

Dalmia Cement joined Swiss Re in becoming the first companies to become members of both the RE100 and EP100 campaigns. Photo: UNClimateChange/flickr

COP22: Major firms lead low-carbon energy drive

The first week of COP22 in Marrakech rounded-off on energy day, with a range of companies demonstrating their commitment to a low-carbon future with pledges to source 100% renewable energy.

Aviva's new rooftop solar systems all qualify for feed-in tariff subsidies, having been registered before the 15 January reduction in tariff rates

Aviva on the road to 100% renewables with rooftop solar investment

Aviva has invested in rooftop solar PV systems across three of its UK sites as part of the investment providor's commitment to use 100% of its electricity from renewable sources by 2025.

Clean energy investment enjoyed its best year ever in 2015 but is still $200bn short of necessary levels

Paris goals will cost $12 trillion, says Bloomberg

More than $12trn will need to be invested in new renewable power generation over the next 25 years to achieve the climate goals laid out in the Paris agreement, according to a new report from research group Bloomberg New Energy Finance (BNEF) and sustainability non-profit Ceres.

The report found the middle class is becomingly increasingly aware of the risks posed to them by climate change

Global middle class can drive climate action, says UBS

The global middle class could hold the key to mobilising climate action, a new report from financial services firm UBS has claimed.

The 180 million tonne saving is approximately five times greater than emissions from the operation of the mobile networks

Smartphones and mobile technology cuts 180 million tonnes of carbon emissions

The use of mobile technology is helping avoid 180 million tonnes of carbon emissions a year in the US and Europe, according to a new report from the Carbon Trust.

Water - a sector brimming with opportunity

"The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger - but recognise the opportunity." - John F. Kennedy.

Allianz plans to double its exposure to wind energy to about €4bn

€865bn assets in France and Germany pledge coal divestment

Major European financial institutions including the world's largest insurer have this week pledged to reduce their exposure to coal investments and transition towards clean energy.


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