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BCAM is calling for banks to set clear, timebound strategies for restrictions and phase-outs for financing fossil fuels and deforestation

Superficial progress: Global banks failing to deliver time-bound climate strategies

A new report has accused the banking sector of superficial progress when it comes to climate commitments, noting that uptake in low-carbon services, green bonds and reporting standards isn't being matched by demands to decarbonise portfolios.

Apple’s green bond offerings now total £3.7bn ($4.5bn)

Apple almost doubles green bond offers after £1.7bn fund launch

Apple has issued a new £1.7bn ($2.2bn) green bond offering, nearly doubling its total green bond issuance to almost £3.9bn ($5bn).

Loop will enable UK customers to buy refillable products online and have them delivered in reusable containers. Image: TerraCycle

Sky backs TerraCycle's 'zero-waste' refill platform with £1.5m investment

Media giant Sky's Ocean Ventures investment arm has committed $2m (£1.56m) to TerraCycle's Loop platform - an offering whereby businesses provide product refills to consumers while retaining ownership of their reusable packaging.

The FCA said the statement 'will provide a foundation for its future work on climate change and green finance'. Image: FCA

FCA launches new measures to tackle 'greenwash' as green finance booms

The UK's Financial Conduct Authority (FCA) has unveiled a string of new measures designed to prevent issuers from 'greenwashing', covering challenges such as climate risk reporting and the accessibility of 'green' products such as mortgages.

Globally, around 800 firms have publicly given their support to the TCFD recommendations - but this doesn't necessarily result in full disclosure

Aldersgate Group: UK must make TCFD reporting mandatory to reach net-zero

The UK will not meet its 2050 net-zero goal unless corporates and investors are legally mandated to report on their climate risks and the actions they are taking to mitigate them, the Aldersgate Group has warned.

Carney (pictured) launched the TCFD in 2015 with Michael Bloomberg. Image: Bank of England

'Draw up climate rules or have them imposed', Bank of England tells corporates

The governor of the Bank of England has warned major corporations that they have two years to agree rules for reporting climate risks before global regulators devise their own and make them compulsory.

The green bond was led by Morgan Stanley, which launched a dedicated plastics financing platform earlier this year

PepsiCo prices $1bn green bond to assist with plastics phase-out

PepsiCo has priced its first ever green bond at $1bn, which will be used to fund initiatives to reduce plastic content in packaging, improve supply chain engagement and management and boost water stewardship.

One year on: How the IPCC report has redefined sustainable business leadership

One year ago today (8 October), the Intergovernmental Panel on Climate Change (IPCC) published what it described as its "landmark" report on global heating. While the pressure the paper's findings would place on governments was obvious from day one, the study's impact on business has been continually evolving - as explored by edie reporter Sarah George.

(L-R): BlackRock fund manager Evy Hambro; Ellen MacArthur Foundation chief executive Andrew Morlet; BlackRock fund manager Sumana Manohar and The Ellen MacArthur Foundation’s executive lead for plastics, fashion and finance, Rob Opsomer. 

BlackRock launches its first dedicated circular economy investment fund

The world's largest asset management firm, BlackRock, has launched its first investment fund dedicated to accelerating the global development of a circular economy.

Less than one-fifth of the banks studied have set time-bound, numerical targets for fossil fuel divestment or clean energy investment. Image: Paulm27/ Wikimedia Commons

Report: Less than half of global banks have sustainable energy finance commitments

Just 23 of the world's largest 50 banks have outlined commitments to invest more in renewable energy and less in fossil fuels, a new report from the World Resources Institute (WRI) has concluded.

The report notes that investor pressure played a key role in net-zero commitments from corporates including Nestlé, ArcelorMittal, Centrica and Thyssenkrupp

Investor pressure slowly pushing firms to set net-zero targets

An investor group overseeing more than $35trn in assets has seen positive responses from corporates on calls to cut net emissions to zero by 2050, despite the group's first progress report finding that just 9% of the companies it has focused on have set targets aligned with a 2C warming.

"Greenwashing", a lack of information and a lack of products were cited as key barriers to SDG-aligned investing

Survey: Two-thirds of UK public want their investments aligned with the SDGs

A new Government-led study on financing the progress towards the UN's Sustainable Development Goals (SDGs) has found that more than two-thirds of UK investors want their portfolios to solely support projects driving progress against the 17-Goal agenda.

In its position, the Council included six objectives that would help to distinguish what represents ‘green finance’

EU Council maintains nuclear as eligible for 'green' finance

EU ministers have decided not to exclude nuclear projects from being eligible for sustainable finance grants, despite the demands of a group of member states and the European Parliament.

The UN claims this is the first time this many investors have made a net-zero pledge on the same day.

'Unprecedented': Investors responsible for $2.4trn commit to net-zero alignment

A group of finance giants, collectively responsible for investments worth $2.4trn, have committed to ensuring that their respective portfolios are carbon-neutral by 2050.

Speaking exclusively to edie, Gamboa said that the report acts as a market signal for how companies within the built environment sector should act

Embodied carbon: WorldGBC embarks on 'radical' new approach towards net-zero

EXCLUSIVE: The World Green Building Council (WorldGBC) has issued a new report outlining how companies in the sector can focus on both operational and embodied carbon to reach net-zero emission buildings by 2050, warning the companies ignoring this new approach could be "outpaced by the innovators".

Climate resolutions have become increasingly common at stakeholder votes, as investor and public pressure for businesses to act on climate change grows. Image: PXHere 

Wall Street investment giants 'voting against key climate resolutions'

Some of Wall Street's largest asset management companies are failing to live up to commitments to use their voting power to fight the climate crisis, according to a new report.

Wellington city and harbour from Mount Victoria

Net-zero cities can unlock $24tn opportunity, report finds

Investment into readily available technologies could reduce emissions from cities by 90% by 2050, while creating a global economic benefit worth almost $24trn (£19trn), a new report has claimed.

Both religious leaders used their speeches to declare a "climate emergency". Image: Zebra48bo/Wikimedia Commons Zebra48bo [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

Pope and Archbishop of Canterbury urge 'drastic measures' on climate change

Both Pope Francis and Archbishop of Canterbury Justin Welby have called for greater global action to tackle climate change, in speeches made to mark the UN Climate Summit and the Global Ethical Finance Summit respectively.

The investors forming the coalition noted that 13 of the 17 banks that financed the Dakota Access Pipeline project were also signatories to the Equator Principles

Equator Principles: Global banks failing to uphold environmental and social risk agreements

An investor coalition representing more than $2.9trn has urged global banks to strengthen efforts that protect the rights of indigenous people and the environment that they rely on.

Amazon rainforest fires: We must rise above the egos and insults threatening climate change policy

As the 'lungs of the Earth' continue to burn, discussions at international summits have devolved into a circus of egos and insults that suggest that future collaborative efforts to combat climate change will revolve around petty but powerful people who can't see the wood for the burning rainforest.

Seven steps to solution-focused sustainability

Sustainability has rarely offered such a dynamic and inspiring opportunity for organisations to build competitive advantage, differentiate their brand and engage their people.

The commitment was made later last week. Image: University of Liverpool

University of Liverpool to divest entirely from fossil fuels

The University of Liverpool has become the latest higher education facility in the UK to commit to removing fossil fuel investments from its portfolio, following pressure from students and staff.

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.

Lewis is widely regarded as one of the most knowledgable figures in the energy investment space

Mark Lewis: Businesses 'underestimating' speed of low-carbon transition

EXCLUSIVE: Businesses seeking to future-proof themselves against the physical and societal impacts of climate change must set aside resources for scenario analysis - and treat the results of this process as real, rather than "hypothetical".

(L) IRENA's director-general Francesco La Camera and (R) UNFCCC executive secretary Patricia Espinosa. Image: IRENA

IRENA partners with UN to spur renewable energy uptake

The UN's climate change arm and the International Renewable Energy Agency (IRENA) have forged a partnership aimed at helping businesses and nations ramp up their renewable energy ambitions.

Emerging economies will pose challenges around consumerism, but can also benefit from cheaper clean technologies 

From climate change to urbanisation: BlackRock's five megatrends that will disrupt society

A new report from BlackRock has found that climate change, resource scarcity and growing consumerism will create disruptive structural shifts across industries as a "confluence of global megatrends" begin to clash.

The EU’s lending arm financed oil, gas and coal projects in 2018 with more than €2.4bn

EIB plans to cut all funding for fossil fuel projects by 2020

The European Investment Bank (EIB) has vowed to end its multibillion-euro financing for fossil fuel projects by the end of next year in order to align its strategy with climate targets.

The market is expected to capture 10% of the global meat market and reach $100bn in value within 15 years. Image: Impossible Foods

Food giants capturing opportunities from meat-free products to drive sustainability efforts

Food manufacturers and retailers such as Tesco, Unilever and Nestlé are "seizing the opportunity" of a thriving plant-based market to assist with the low-carbon transition, with a new report noting that the alternative protein market is expected to be valued at $100bn in the next 15 years.

UN General Assembly in New York

UN launches Green Finance Platform to improve banks and business interactions

The UN's Green Growth Knowledge Platform (GGKP) has launched two new platforms to improve the dialogue and actions between the finance sector and businesses in order to accelerate the growth of green finance.

The jet fuel will be made from household waste and the gases it emits

British Airways and Shell back plans for UK sustainable jet fuel plant

British Airways and Shell have provided funding totalling £2.8m to support the development of a UK-based facility that could produce 20 million gallons of sustainable jet fuel annually.

The corporates studied hail from 14 of the world's most carbon-intensive sectors, including oil and gas extraction and distribution 

Report: Just one-eighth of corporates aligning with Paris Agreement

An analysis of 274 corporates across the world's most carbon-intense sectors has found that just one in eight are reducing their emissions in line with the Paris Agreement's less ambitious trajectory of 2C.

The index was launched today (8 July) by London Stock Exchange Group subsidiary FTSE Russell

'World's first' climate-based government bond index launched in London

Global index and analytics giant FTSE Russell has launched a new bond index which weights products on how prepared their respective governments are to mitigate and adapt to climate impacts.

The RSA and RCEM hope their commitments will inspire broader action

Royal institutions divest from fossil fuels, encourage others to follow suit

To mark London Climate Action Week, the Royal College of Emergency Medicine (RCEM) and the Royal Society of Arts have sold all remaining shares in fossil fuel companies.

Thomas noted that businesses needed to get better at providing relevant data to investors. Image: GFI

What does the Green Finance Strategy mean for business?

Following the launch of the UK Government's Green Finance Strategy, the chief executive of the Green Finance Institute has outlined how climate disclosure, policy signals and a robust business case for sustainability will transform how corporates engage with the finance community.

The Trust looks after 780 miles of coastline and 248,000 hectares of land, as well as its 500+ visitor sites. Pictured: Fountains Abbey, Yorkshire

The National Trust to divest entirely from fossil fuels

Europe's largest conservation charity has announced that it will divest from all fossil fuel companies within the next three years.

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.

Dr Lee noted the need for more robust carbon pricing. Image: IPCC

IPCC chair: Global transition to net-zero 'not a burden' to the economy

The chair of the Intergovernmental Panel on Climate Change (IPCC), Dr Hoesung Lee, has dismissed fears from investors and nations that reaching net-zero emissions will place too much strain on the global economy.

The framework was a key discussion point at Bloomberg's Sustainable Business Summit in London this week 

New EU framework to help firms measure and disclose climate risks and impacts

The European Commission has published a new framework aimed at helping corporates and investors to calculate and disclose their climate-related risks and impacts, in a bid to help accelerate financial support for the low-carbon transition.

The demand for disclosure has been sent to 707 firms, including Chevron, Volvo, BP and Amazon

Investors grill business giants over non-disclosure of environmental impacts

A coalition of big-name businesses including BP, Amazon and Exxon Mobil are being targeted by a coalition of investors demanding that they disclose more information on their environmental impacts.

The new report notes that almost 800 organisations have expressed support for the recommendations

Climate-related financial disclosures 'still insufficient for investors', says TCFD

Efforts to disclose climate-related data aligned to the Task Force on Climate-related Financial Disclosures (TCFD's) recommendations have increased by more than 50%, but concerns remain that companies aren't providing enough information to inform the investor community.

Around one-quarter of the potential losses were attributed to stranded assets

CDP: Climate risks could cost corporates $1trn, with biggest losses before 2025

A group of 215 of the largest companies in the world risk collectively losing up to $1trn to climate impacts, with most of this risk set to hit within the next five years, new research from CDP has found.

The Government received its requested advice on legislating for net-zero carbon at the start of May, but is yet to make a formal decision on enshrining it in national law 

UK business giants put fresh pressure on government over net-zero

BT, Coca-Cola European Partners and Sainsbury's are among a coalition of 128 UK-based businesses, industry networks and investors to have written to Ministers demanding that a net-zero target for 2050 is legislated "immediately".

BP is now legally bound to set out a strategy that is compliant with the Paris Agreement on climate change

BP shareholders demand climate action, but reject calls for hard targets

An overwhelming vote in favour of climate action at BP's annual meeting yesterday (21 May) shows how activist investors have started to move the oil and gas industry. But it also showed the limits to their appetite for change.

edie Live Mission Possible report launch: Inspiring quotes, key takeaways and the zeronauts

I was thrilled to have formally launched edie's Mission Possible: 2019 report during a high-level panel discussion at edie Live on Tuesday (21 May). Here, I've rounded up my key takeaways from that session and the report for aspiring sustainability and environmental professionals.

<p>£1.4bn of the financing for Tideway's £4.3bn 'super sewer' project is accounted for by green bonds</p>

How SDG alignment helped Tideway engage key investors

EXCLUSIVE: Several companies to have aligned their strategies with the UN's Sustainable Development Goals (SDGs) have claimed that doing so has improved communications and created a more joined-up approach - but for Tideway, a further benefit has been gaining investor buy-in.

<p>Since the unveiling of the framework in 2015, 193 countries, 9000 companies and investors with more than $4 trillion in assets have pledged their support to the SDGs</p>

World Bank to raise €1.5bn for SDG bond

The World Bank had raised €1.5bn for a new 10-year bond focused on mobilising action towards achieving the UN Sustainable Development Goals (SDGs).

<p>Pictured: Norfolk's Race Bank wind farm was commissioned last year and is capable of generating 573MW of renewable energy</p>

Government backing for offshore wind keeps UK's renewable energy attractiveness afloat

The UK has maintained its top-ten position in a ranking of the world's most attractive renewable energy markets for investors, largely due to the Government's recent assertation that offshore wind power will provide a third of the nation's electricity by 2030.

Low-carbon revenues generated in a 1.5C world are six times that of a 3C world, the report notes

Low-carbon transition puts $10trn at risk for inactive investors

A global coalition of financial investors has warned that more than $10trn (£7.7trn) in portfolio assets could be lost if the sector and governments fail to rapidly transition to a low-carbon economy.

TCFD uses scenario analysis to map company performance against various global warming trajectories

Can TCFD recommendations communicate a business response to the 'climate emergency'?

Against a backdrop of Extinction Rebellion protests and declarations of a "climate emergency", businesses will need to articulate their role in combatting climate change. Could the Task Force on Climate-related Financial Disclosures' (TCFD) recommendations create the ideal framework to do so?

Carbon Tracker has warned oil and gas firms about being too

Report: Oil and gas firms failing to disclose climate-related financial risks

The world's largest oil and gas firms must disclose more information on the financial risks that climate challenges will pose to their business, or face losing investment and stakeholder trust.

Extinction Rebellion organisers claim that demonstrations are planned in 80 cities across 33 countries Image Julia Hawkins, flickr

Extinction Rebellion: Role of business in society is being defined by climate change

As thousands of climate protestors continue to blockade key London landmarks as part of the Extinction Rebellion protests, businesses have been warned that action or inaction to combat climate change will define their role in future societies.

The We Mean Business Coalition represents 889 companies with $17.6trn in market capitalisation collectively

We Mean Business boss: Companies must 'embed' ESG to survive low-carbon transition

EXCLUSIVE: In the face of pressing climate challenges, the business and finance sectors must now collaborate to ensure that environmental, social and governance (ESG) issues are embedded in all financial decisions to spur the creation of a zero-carbon economy.

The bond will mature in 2041, with Yorkshire Water claiming it is the longest dated sustainability bond issued in GBP to date

Yorkshire Water launches sustainability bond

Yorkshire Water has launched its first sustainability bond in a bid to raise £350m from investors.

The UN Global Compact has previously warned that firms which do not communicate both positive and negative contributions to all 17 Global Goals could soon lose out on investment

SDGs becoming a 'new compass' for sustainable investing, survey finds

More than half of institutional investors to have incorporated environmental, social and corporate governance (ESG) issues into their frameworks are using the UN's Sustainable Development Goals (SDGs) as a guideline, a new survey has found.

The founding water firms are urging other companies to join the Fund, after its launch this morning (9 April)

UK water firms join global funding alliance helping sector to champion green innovation

UK-based water companies Severn Trent and United Utilities are among a group of 10 global water firms to have jointly launched a new innovation fund aimed at supporting green solutions to the sector's biggest sustainability challenges.

Photo: National Renewable Energy Laboratory

'Historic breakthrough': Norway's giant oil fund dives into renewables

Norway's $1tn oil fund, the world's largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects.

The move builds on Bloomberg's service as the UN Special Envoy for Climate Action and the co-founder of the Task Force on Climate-related Financial Disclosures (TCFD). Image Rubenstein Flickr

Michael Bloomberg to launch decarbonisation tracker for utility firms

Businessman and philanthropist Michael Bloomberg has unveiled fresh plans to utilise his firm Bloomberg LP and its charitable arm, Bloomberg Philanthropies, to help the utility sector to reduce its reliance on fossil fuels.

(L:R) Veris Environmental Finance’s chairman James Atkins; CISL founder and director Polly Courtice; he European Commission’s director general for the environment Daniel Calleja Crespo and The Economist’s business editor Jan Piotrowski

How can business transform unsustainable economic models from within?

We are only able to enjoy our current standard of living due to economic growth. But with emissions, resource consumption and social inequality all rising under capitalism, will the economic model need to be completely overhauled to ensure a sustainable future?

Onshore wind and solar developers have been unable access subsidies since the government closed the Renewables Obligation scheme to new applicants

Doubts raised over viability of 'subsidy-free' renewables

Senior figures from the energy and finance industries have declared doubts over the feasibility of building "subsidy-free" renewables at scale without some form of revenue stabilisation.

Shell is one of just two European energy giants to have set long-term carbon reduction targets which account for indirect emissions

Shell starts paying top execs in line with low-carbon progress

Royal Dutch Shell is to link the pay of its 150 most senior executives with its progress towards its carbon reduction aims with "immediate effect", following months of pressure from investors.

BlackRock steps up ESG drive with six new low-carbon funds

The world's largest asset manager BlackRock has launched new exchange-traded funds (ETFs) that screen out exposure to "controversial" sectors, improve environmental social and governance (ESG) scores and offer a reduced carbon emissions intensity of 30%.

Aviation accounts for 2% of all global carbon emissions, and 12% of the transport sector's greenhouse gas (GHG) emissions

Report: Airlines warned of investment losses over lack of climate action

The climate efforts of 20 of the world's largest airlines will not suffice if the aviation sector is to align with the aims of the Paris Agreement and the recommendations of the Intergovernmental Panel on Climate Change (IPCC).

Between eight and 12 million tonnes of plastic is believed to seep into the oceans each year

Sky partners with Ambienta to spur corporate funding for projects tackling ocean plastic

Broadcaster Sky's Ocean Ventures arm has forged a partnership with European investment fund Ambienta to help drive investment into projects targeting plastic pollution across all levels of the value chain.

The scheme will fund large-scale conservation and restoration activities across Scotland's forests, lakes and coastline

'The £1bn challenge': Natural capital investment project launched in Scotland

The Scottish Environment Protection Agency (SEPA) and the Scottish Wildlife Trust have teamed up to launch a new project aiming to attract £1bn of investment in protecting the nation's natural capital.

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.

The report examines how investors can help to decarbonise energy systems in nations like Chile, Kazakhstan, Mexico, Morocco and Thailand

Development bank investments could halt emissions rises in developing nations, report finds

By funnelling concessional finance into renewable energy and battery storage projects in developing nations, development finance institutions could halt the rate of emissions growth across such countries altogether.

100% of the Italian-grown tomatoes Princes processed in 2018 have been sourced from farms with independent ethical accreditation

Princes turns to blockchain to minimise supply chain sustainability risks

International food and drink firm Princes has unveiled a sweeping new set of measures to make its supply chain practices more sustainable, including a pledge to use blockchain to ensure workers' rights are protected.

BP links employee bonuses with climate progress in Paris Agreement alignment drive

Following pressure from green investors, oil and gas giant BP has pledged to align its business with the aims of the Paris Agreement and has begun linking staff bonuses to its low-carbon progress.

BlackRock's new report charts the rapid growth of green finance in the US and EU since 2013

Sustainable investing is finally 'going mainstream', BlackRock claims

As concerns that the next financial crash may be climate-related grow, impact investment and green finance products are "going mainstream" and ceasing to be classed as a "niche" area, global investment management firm BlackRock has claimed.

The news comes a week after CDP named 140 corporates as leaders in the fight against climate change, water scarcity and deforestation in its new A List rankings for 2019

First CDP climate-related investment fund launched

CDP has today (31 January) co-launched an equity fund dedicated to investing in companies that best manage risks associated with climate change.

The call to action has been sent to Domino's, McDonald’s, Chipotle, Yum! Brands, Restaurant Brands International and Wendy’s

Investors press fast food giants to 'urgently' improve supply chain sustainability

A coalition of investment firms with more than $6.5trn in assets under management have called on six of the world's largest fast food companies to take more ambitious action to tackle the climate and water risks within their supply chains, as a "matter of urgency".

100 board-level employees at the UK's largest companies were surveyed by IPSOS Mori, on behalf of the Carbon Trust

Survey: Two-thirds of UK businesses will include climate risks in this year's financial reports

Two-thirds of the UK's largest 100 companies are planning to incorporate climate risks in their annual financial or combined report this year as client, investor and customer demand for transparency on sustainability issues grow.

PwC is urging finance firms to assess the financial damage trends such as deforestation, rising carbon emissions and ocean pollution could cause to their portfolios

Finance firms must adopt a natural capital approach to risk, PwC warns

In the face of climate challenges, most financial service providers are still failing to assess the extent to which environmental degradation could pose financial risks to their firms, PwC has warned.

The Forum's founding firms have issued two-thirds of Europe's green bonds by volume

Major utilities team up to launch sustainable finance hub for European businesses

Utility giants EDF, SSE and Ørsted are among the 16 companies which have co-founded a new forum aimed at helping Europe's business community champion sustainable finance and impact investing.

Battery storage projects are becoming increasingly common in the UK, with the nation's largest storage facility (pictured) having come online last July in Hertfordshire

Policy shake-up set to fast-track energy storage and renewables projects

The UK Government has launched a consultation to determine how best it can alter planning policy frameworks to support developers and businesses seeking to build energy storage facilities in England.

Of the 24 banks surveyed by WWF and Global Canopy, none had implemented seafood-specific lending policies including sustainability clauses

WWF: Finance firms must do more to safeguard food sector from sustainability risks

Global finance firms seeking to future-proof their investments should take more ambitious action to help to food and agriculture firms they invest in become more sustainable, new WWF-led research has concluded.

Why brands should take a new digital approach to responsible growth

This blog, from DNV GL, outlines how businesses can engage their consumers in powerful authentic brand stories that promote trust and highlight sustainability.

The banks have committed to adopt a

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.

Most corporates are failing to meet all requirements of the EU’s Non-Financial Reporting (NFR) Directive, the report warns

CDSB: European corporates failing to track climate change impacts

Less than half (44%) of European corporates are currently tracking how climate challenges will affect their business models in the future or disclosing the full extent of their environmental impacts.

How does the Task Force on Climate-Related Financial Disclosures impact the SDGs?

The Task Force on Climate-Related Financial Disclosures, or TCFD, is all about climate change. Or is it? Carolina Karlstrom, independent action researcher and sustainability expert, takes a closer look at the financial disclosure initiative and identifies how its impact on the Sustainable Development Goals (SDGs) is wider than you might think.

The bond will be used to finance renewables and built environment projects

How ING achieved boardroom buy-in to launch its second green bond

EXCLUSIVE: Banking giant ING was able to launch its second green bond earlier this month due to its past experience in structuring external green bonds for sustainability-conscious clients, the firm's global head of sustainable finance Leonie Schreve has claimed.

The NCFA is urging corporates in

Corporates 'set to lose $1.6trn' without action on natural capital

FTSE100 firms face collectively losing $1.6trn of market capital if they fail to adopt a natural capital approach to decision-making, by assigning a monetary value to natural resources.

The letter argues that ‘progress is not being made quickly enough’ to deliver adequate progress on the SDGs

Religious leaders urge Theresa May to appoint dedicated SDG minister

Leaders within the UK's six most predominant religions have urged Prime Minister Theresa May to bolster the Government's action plans for achieving the aims of the UN's Sustainable Development Goals (SDGs), after a recent report revealed that the nation is delivering on less than a quarter of its SDG targets.

BNEF's latest analysis forecasts that global energy storage capacity will reach one terawatt by 2040

BNEF: Global energy storage investment to hit $1.2trn by 2040

Global investment into energy storage technologies including batteries is set to reach $1.2trn by 2040 as technology costs fall, according to new research by Bloomberg New Energy Finance (BNEF).

Kellogg, Diageo, Nike and Groupe PSA are among the companies to adopt the newly launched standards

Business giants to support new SASB reporting standards

Food and drinks giant Kellogg, sportswear brand Nike and beverage manufacturer Diageo are among a group of 11 businesses who have pledged to adopt a new sustainability reporting standard, in a bid to give clarity to investors.

The Parliament’s addition of a ‘sustainability risk’ definition to the proposed legislation will help provide a predictable framework to encourage investment into sustainable markets

All financial institutions must disclose sustainability risks and impacts, MEPs agreed

The European Parliament's Committee of Economic and Monetary Affairs has endorsed a decision that makes it mandatory for all financial market participants, including banks, to disclose sustainability risks and impacts of their portfolio, a move that NGOs say brings the EU one step further in greening its financial system.

None of the companies surveyed by Pinsent Masons were able to confirm specific targets for decarbonising their own operations

Report: Just 5% of UK pension funds possess a climate change policy

Just 5% of the UK's largest pension fund managers have a specific policy on climate change in place, despite almost three-quarters (74%) claiming to acknowledge the risks that climate challenges pose to the finance sector.

Investors have outlined the regulatory, economic and reputational risks that companies could face if they lobby against climate change action

Top European firms warned over lobbying against stronger climate policy

A group of investors worth $2trn has urged 55 major European businesses to review their relationships with organisations with lobbying practices "inconsistent" with the goals of the Paris Agreement.

Abundance has more than 5,000 customers and has raised £77m to help finance 34 projects tailored towards low-carbon innovation and social action

Abundance Investment targets new shareholders to accelerate green project financing

Peer-to-peer finance platform Abundance Investment looks set to accelerate demand for environmental and social projects across the UK, by increasing its number of small shareholders 10-fold.

Big-name businesses jointly pledge $500,000 to spur action on SDGs

A group of nine corporations, including oil and gas giant BP and professional services firm Deloitte, have collectively pledged to invest $500,000 into projects which aim to accelerate global progress on one or more on the UN's 17 Sustainable Development Goals (SDGs).

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 Government will publish the UK’s first ever Green Finance Strategy in Spring 2019

Clean Growth Fund spearheads Government's green finance commitments

As part of Green GB Week, the UK Government has announced a new £40m venture capital fund to help bring innovative clean technologies to market.

The IIGCC report follows studies highlighting inaction on climate issues across the finance sector

Global investors call on pension funds to address climate-related risks

A group of 161 investment firms with more than €21trn in collective assets under management have called on pension fund managers to factor climate-related risks into their planning processes.

The Natural Capital Finance Alliance (NCFA) is urging financial firms to focus on a holistic natural capital approach

Investors urged to act on natural capital to help halt climate change

The investment sector has been urged to assess their impacts and dependencies on natural capital resources - such as clean air, oceans and forests - in the wake of the Intergovernmental Panel on Climate Change's (IPCC) landmark report on global warming.

Lidl will purchase enough Roundtable for Responsible Soy (RTRS) credits to cover its entire supply chain

Lidl becomes first UK retailer to purchase 100% sustainably-sourced soy

Discount chain Lidl has become the first UK retailer to switch to 100% sustainably-sourced soy for its own-brand products, after joining the Government's Roundtable for Sustainable Soy.

London was ranked among the six centres most likely to grow across the rankings over the next two to three years

London slides down rankings for global green finance leaders

London has dropped from first to third place in a global ranking of the world's "greenest" financial centres, with ties to “legacy assets” focusing on “non-green” financial offerings impacting its score.

The 513 organisations that have expressed support for the TCFD’s recommendations have a combined market capitalisation of $7.9trn

Climate disclosure enters 'mainstream', but better reporting required, warns TCFD

More than 500 companies have expressed support for the Task Force on Climate-related Financial Disclosures' (TCFD) recommendations. However, many businesses are failing to translate climate impacts into business risk.

UBS: UK investors 'more cautious' on sustainable finance than global peers

A new report from UBS has found that UK investors have been more cautious to integrate sustainable financial products into their portfolios, largely due to the uncertainties of Brexit.

Ceres estimates that an area of tropical forests the size of Maine is lost to deforestation every year, with 65% of tree loss accounted for by cattle

Big-name investors call on food industry to tackle supply chain deforestation

A group of 44 global investors have called on food companies which source beef from South America to mitigate and eliminate deforestation risks from their supply chains.


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