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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
€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.
Cities reluctant to publish climate risk reports
Thousands of cities signing up to the new Covenant of Mayors today (15 October) will submit reports on their vulnerability to climate change to the European Commission every two years - but are under no obligation to make the information public.
Aviva commits £2.5bn to green investments following climate risk report
Insurance giant Aviva has announced a target to invest £500m every year for five years in renewable energy and energy efficiency.
London's economy facing 'great unknown' on climate risks, warns Assembly
Businesses in London are unprepared for the impacts of global warming and more than half of FTSE 100 companies have no strategy to deal with climate change.