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Damage caused by the River Don in Sheffield, Yorkshire, which burst its banks in November due to flooding

Are businesses ignoring climate resilience on the net-zero journey?

From the flooding caused by Storm Dennis in the UK to the wildfires that have plagued Australia, the damage caused by climate change is becoming more tangible and frightfully frequent. But is the business response of pledging to deliver net-zero emissions enough?

The TCFD formed in 2015 and launched its recommendations in June 2017

'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.

The announcement was made at Davos, where the Alliance is engaging with more than 50 C-suite representatives of portfolio firms

Church of England and Generali join UN's Net-Zero Asset Owner Alliance

The Church of England and insurance firm Generali are the latest organisation to sign up to the UN's Net-Zero Asset Owner Alliance, a coalition with more than $4.3trn in assets under management attempting to engage with corporates to reach net-zero emissions.

Single-use Plastics: The Business Leadership Inspiration Sessions (16 January 2020)

The Business Leadership Inspiration Sessions: an afternoon of three live, interactive webinar presentations and discussions – all dedicated to helping businesses collaborate, innovate and actuate to eliminate single-use plastics, is available to watch on-demand.

Pictured: The Shotton surface coal mine in Northumberland. Image: Rab Lawrence

Report: Coal 'becoming uninsurable' as cover withdrawal doubles

The number of insurance firms withdrawing cover for coal companies and assets has more than doubled between 2018 and 2019, a new report has revealed.

Published last week, the WEO predicts further growth of coal in China, among other nations. Image: Kleineolive/ CC-BY-3.0

Dozens of investors slam IEA over fossil fuels and renewables projections

Allianz, Zurich Insurance Group and Orsted's pension fund are among 65 finance bodies to have written to the International Energy Agency (IEA), urging to body to hep global energy firms align with the Paris Agreement.

The standard also sets out how organisations can prioritise measures that will increase resilience against future climate shocks

BSI launches new ISO standard for climate change adaptation

The British Standards Institution (BSI) has published its first standard on climate change adaptation, creating a framework for how businesses can develop measures and report and assess strategy and plans which increase resilience against climate impacts.

H2 of 2018 was widely regarded as a difficult period for green finance, but the market is showing signs of resurgence

Reports: Sustainable finance 'growing rapidly' in Europe

Europe's sustainable finance market experienced "rapid" growth during the first half of 2019, despite a challenging end to 2018, new analyses have concluded this week.

Eight reasons why green finance is becoming mainstream

Halfway through London Climate Action Week and it seems that sustainable finance is the hot topic. Here, edie explores the key drivers behind why green finance is growing from a niche interest to a business-critical concern.

Barclays pledges to source 100% renewable electricity by 2030

Transatlantic banking giant Barclays has pledged to source 100% renewable electricity by 2030, with an interim goal of 90% by 2025.

<p>Chubb is headquartered in the US and has operations in 53 other countries</p>

Chubb sets global science-based emissions targets

The world's largest publicly listed property and casualty insurance firm has set new carbon emission reduction targets, in line with the 2C trajectory outlined in the Paris Agreement.

Targeted Charging Review - what you need to know from

The report also provides an update on the company’s resource efficiency efforts, including reductions on food waste goals

Co-op to halve emissions by 2025

The Co-op has announced new goals to reduce its direct emissions by 50% and product-related emissions by 11%, after reaching a previous carbon goal three years ahead of schedule.

In action: The environmental legacy of the Thames Tideway Tunnel

The Thames Tideway Tunnel is a new major piece of infrastructure for London, capturing an average of 39 million tonnes of untreated sewage which currently enters the tidal River Thames every year. If no action is taken, this is anticipated to reach 70 million tonnes by 2020.

CISL's findings indicate that in some developing nations, 100% of losses caused by natural disasters were not covered by insurance

Reports: Policy support for climate adaptation investments 'insufficient'

Insufficient policy support has left investors and lenders across the world struggling to identify, measure and adapt to climate challenges relevant to their portfolios, a pair of new reports have found.

Banking giants pledge to align investment portfolios with Paris Agreement

BBVA, BNP Paribas, Standard Chartered and Société Générale have pledged to measure the climate-related impacts of their lending portfolios and assist companies they invest in with aligning their respective sustainability strategies with the Paris Agreement goals.

The new moves by Shell have been welcomed by investor body Climate Action 100+

Shell to pay executives in line with decarbonisation achievements

Oil and gas giant Royal Dutch Shell has today (3 December) pledged to link progress made towards its carbon reduction aims to the amount of pay awarded to members of its executive board, in a move to engage senior stakeholders with sustainability.

Research by the Asset Owners Disclosure Project found that only one in ten of the world's largest pension funds has pledged to align their portfolios with the Paris Agreement's 2C trajectory

World's pension funds vulnerable to climate risks, study reveals

87% of assets managed by the world's 100 largest public pension funds are yet to undergo a formal climate risk assessment, according to research published on Tuesday (23 October), with only 15% of them adopting a coal exclusion policy.

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 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.

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."