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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
£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.
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.
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.
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?
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."
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.
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.
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.
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.
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.
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.