What makes a sustainability leader? Meet CBRE Global Investors
With less than two weeks until the 2021 Sustainability Leaders Awards, this feature series showcases the achievements of the 2020 winners and reveals their secrets to success. Up next: The winners of the Investor of the Year Award, CBRE Global Investors.
Two weeks left to register: Book your place at the Sustainability Leaders Forum
Sustainability and CSR professionals have just two weeks left to gain access to edie's award-winning Sustainability Leaders Forum, which will be hosted as a virtual event on 2-4 February, featuring expert speakers from Vodafone, Tesco, Nespresso and more.
Financial firm Aegon commits to net-zero emissions by 2050
Financial services firm Aegon has become the latest corporate to commit to reaching net-zero emissions by 2050, targeting the decarbonisation of its pension fund ranges and main operations.
TSB and Aviva Investors plot pathway to net-zero carbon
Major retail bank TSB has unveiled its plans to reach net-zero by 2030, after cutting operational emissions by 66% during 2020. At the same time, Aviva Investors has revealed its plans to decarbonise its real assets portfolio.
Government to limit UK business exposure to Xinjiang human rights issues
The UK Government has unveiled a new package of measures aimed at ensuring that British organisations aren't benefitting from human rights violations linked to the abuse of the Uyghur Muslims in Xinjiang.
Investors file climate resolution at HSBC
Investors with a combined $2.4trn in assets under management have filed a resolution at HSBC, calling on the bank to publish a strategy that outlines efforts to reduce exposure to fossil fuel assets.
ExxonMobil discloses emissions of oil and gas product use for the first time
ExxonMobil has disclosed the full extent of its Scope 3 (indirect) emissions from the final use of its energy products, which are more than Canada's national annual emissions.
Banks 'have provided $1.7trn of unconditional support to plastic polluters since 2015'
Global banks have been accused of collectively providing more than $1.7trn to businesses across the plastics value chain between 2015 and 2019, largely without attaching environmental conditions to support packages.
CDL secures $740m green loan for property portfolio
Real estate company City Developments Limited (CDL) has confirmed a new green revolving credit facility totalling $470m that will be used to refinance it's the Republic Plaza commercial property and future low-carbon projects.
Banks pressured to divest from fossil fuels and deforesters ahead of COP26
MPs, trade bodies and the UN's Environment Programme are urging banks to unify their response to the net-zero transition ahead of COP26 next November and commit to time-bound phase-outs for fossil fuel finance.
Global decarbonisation efforts need to be five times greater to reach 1.5C pathway
Global efforts to combat the climate crisis will need to be five times greater than current levels, with new research warning that the rate that carbon emissions are decoupled from economic growth slowed in 2019.
Science-based targets and renewable energy investments: Credit Suisse and Nest unveil first steps towards net-zero
Swiss investment bank Credit Suisse has unveiled a string of new climate measures, in the same week that the UK's largest pension scheme, Nest, outlined steps to help it meet its net-zero goal.
ExxonMobil's new climate targets slammed by investors and green groups
US-based oil major ExxonMobil has outlined new emissions reduction targets through to 2025, but green groups have called them "woefully inadequate" and investors are pushing for a restructure to its board of directors.
Shipping, aviation and carmakers failing to align with Paris Agreement
The majority of the worlds largest automotive, shipping and aviation companies are failing to deliver emissions reduction plans in line with a pathway to keep global warming to 2°C - let alone 1.5C - new research has found.
Bloomberg NEF: Pandemic's effect on renewable energy investment has hit developing nations hardest
Covid-19 has slowed renewable energy investment globally in 2020 - but developed nations are likely to see similar levels of investment to 2019, which was a record year, while developing nations will take a bigger hit.
Legal & General to halve emissions of £81bn pension portfolio by 2030
Legal & General's Retirement arm has pledged to halve the carbon emission intensity of its annuity book, which totals almost £81bn, within a decade.
BlackRock debuts software that assesses climate risk for investors
Investment giant BlackRock has unveiled new software to help investors quantify climate risk and low-carbon opportunities relating to their portfolios.
BEIS, Lego Group and Anglian Water confirmed among latest wave of speakers for Sustainability Leaders Forum
The chief executive of Anglian Water, Peter Simpson, and Minister for Business Energy and Clean Growth Kwasi Kwarteng are among the latest headline speakers that will feature at edie's biggest event of the year - the Sustainability Leaders Forum - which takes place as a global, virtual event on 2-4 February 2021.
UK climbs to fifth for global renewables market outlook
The UK has leapfrogged Germany to rise to fifth in the rankings for national attractiveness of renewable energy investment and deployment opportunities.
Government set to unveil national infrastructure bank tied to net-zero
The Government is expected to unveil the long-awaited National Infrastructure Strategy (NIS) this week alongside the Spending Review, with a National Infrastructure Bank set to be created to replace the UK's involvement with the European Investment Bank and funnel capital towards net-zero projects.
LafargeHolcim links €850m to decarbonisation goals
The world's largest cement manufacturer, LafargeHolcim, has priced an €850m bond linked to the company's sustainability targets.
Investment gap: £400bn required to deliver net-zero transition, report finds
On the day that the Government unveiled a new Ten Point Plan to drive investment to assist with the net-zero transition, a new report from PwC has warned that up to £400bn needs to be unlocked and funnelled into green infrastructure to meet the 2050 national target.
Disclose climate risks or face divestment, investors warn Europe's largest companies
A coalition of investors representing more than $9trn of assets has asked some of Europe's largest and highest-emitting companies, like Shell and Maersk, to prove they are aligning with the Paris Agreement and to improve climate risk disclosure.
Net-Zero Live 2020: Register for today's Net-Zero Resources sessions
Following a thought-provoking two days of edie's Net-Zero Live virtual event, businesses looking at resource efficiency can hear from Unilever, Coca-Cola, Mars, Timberland and WWF on the final day of the flagship event.
8 in 10 meat and dairy suppliers failing to act on climate change, investors claim
An analysis of 60 of the world's biggest meat, fish and dairy suppliers has found that most have not set meaningful targets to reduce emissions - leaving the companies who buy from them at risk of missing their climate goals.
Scottish Widows to divest £440m from companies lagging on environmental and social sustainability
Pensions provider Scottish Widows has outlined plans to divest at least £440m from companies that have failed to meet its ESG standards, in what is claims is the most far-reaching exclusions process in the sector.
MPs mull stricter legal climate requirements for pension funds
MPs are being presented with a new Bill today which, if implemented, would force pension funds and other investors to align all 'default' funds with the Paris Agreement.
Oatly slashes emissions with all-electric truck fleet
Vegan food brand Oatly has reduced transport-related emissions across key delivery routes in Sweden by almost 90%, after switching to an all-electric fleet of trucks provided by technology company Einride.
Survey: Greenwashing 'is the biggest challenge to sustainable investment'
A survey of 650 institutional investors with more than $25.9trn in assets under management globally has found that investor-corporate engagement on environmental issues is growing - but so is frustration over greenwash.
Net-Zero offers optimism amidst a crisis
There won't be many that look back on 2020 fondly, but the energy and ambitions from corporates and nations to reach net-zero emissions and alleviate the climate crisis can provide sustainability professionals with some much needed optimism during the despondency of the Covid-19 pandemic.
TCFD gains 500 global supporters amid Covid-19, but full alignment remains rare
The Task Force on Climate-related Financial Disclosures (TCFD) has revealed that more than 500 organisations have pledged support for its recommendations since February, but that reporting remains inconsistent.
Investors ask most-emitting companies to prove their climate lobbying is Paris-Agreement-aligned
Dozens of the world's highest emitting corporates have been asked to explain how their lobbying activities impact climate change by an influential group of investors.
Towards net-zero: Are we really the smartest of monkeys?
Setting the scene for edie's upcoming Net-Zero November month of themed content and events, sustainable business expert and commentator Mike Townsend takes a thought-provoking look at the various drivers, challenges and opportunities that lie ahead for businesses on our pathway towards a net-zero carbon, circular economy.
Just 3 in 10 UK banks have a net-zero target, PwC claims
A survey of 17 of the UK's largest banks has found that just five of them have net-zero targets or science-based emissions targets, meaning they risk breaching their legal requirements on climate change.
Investors worth $8.5trn call for mandatory climate risk reporting for big businesses
Climate risk reporting should be made mandatory for the UK's biggest publicly listed businesses, an influential group of investors has told Ministers and regulators.
UK 'among best nations globally' for SDG alignment
Although global progress towards the UN's Sustainable Development Goals (SDGs) remains insufficient to meet the 2030 deadline, the UK is among the nations leading the way on alignment and, as such, is a prime market for impact investment.
Survey: One in five British investors turning to impact investment amid Covid-19
More than one-fifth (22%) of UK-based investors are planning to invest in dedicated ethical funds in the near future, with the proportion rising to more than one-third (35%) among those aged 35 and under.
Global investors kickstart 1.5C decarbonisation process for portfolios
Some of the world's largest investors accounting for $5trn in assets under management have agreed to set time-bound decarbonisation targets that will see the organisations work with companies in their portfolios to align to climate action.
From Tesla to Rio Tinto: Investors call on thousands of businesses to set science-based targets
Tesla, Nest, TIU, Roche Holding AG and Rio Tinto are amongst the 1,800 companies that have been urged to set science-based targets by a group of investors and financial institutions representing more than $20trn in assets under management.
New initiative to help investors funnel $10bn into climate solutions annually
By allocating just 0.25% of their savings and investments to fund not-for-profit projects aiding climate adaptation and mitigation, individual investors could collectively funnel $10bn per year into this space by 2030, a pair of ex-financiers have claimed.
BT's £55bn pension scheme commits to net-zero emissions by 2035
The UK's largest corporate pensions investment fund, BT Pension Scheme, has signalled its intention to reach net-zero emissions by 2035 on behalf of its £55bn portfolio.
Issue green sovereign bond to finance UK's Covid-19 recovery, investors urge Government
A group of 30 major investors with more than £10trn of assets under management collectively are calling for the UK Government to launch a green sovereign bond to ensure adequate funding is put behind its mission to deliver a "green" Covid-19 recovery.
BNEF: Green bond issuance broke records in September 2020
More than $50bn of green bonds were issued globally in September, making it a record month despite the economic impact of Covid-19, BloombergNEF has revealed.
Aviva sets 2050 net-zero target for pensions, urges Government to force others to follow suit
Aviva has committed to ensuring that companies held in its auto-enrolment default pension funds generate net-zero emissions by 2050 - and urged the Government to make this a unified commitment across the sector.
Investors 'failing to act on zero-deforestation commitments'
Just 14% of the 235 investor signatories of a statement asking the companies in their portfolios to stop deforestation in the Amazon rainforest have followed through by introducing their own zero-deforestation policies.
Science-based targets for financial sector unveiled
Banks, investors and insurance firms will now be able to verify that their climate targets are Paris-Agreement-aligned through the Science-Based Targets Initiative (SBTi).
Credit Suisse raises $212m for 'world's first' ocean health impact fund
Swiss investment bank Credit Suisse has partnered with Rockefeller Asset Management to launch an impact fund that will finance projects improving ocean health, raising $212m pre-launch.
Blackrock's circular economy fund has raised $900m in its first year
BlackRock has revealed that its investment fund dedicated to accelerating the global development of a circular economy has raised more than $900m in its first year, growing from just $20m of seed funding from the asset management giant itself.
Chanel links €600m sustainability bond to science-based targets
Luxury fashion and fragrance giant Chanel has issued a €600m transaction for bonds linked to the company's progress against its 1.5C science-based targets.
Climate technology investments growing five times faster than average market rates
Venture capital investment into climate-related technology is growing five times faster than the average rate of all other industry investments, with new analysis from PwC finding that corporate and investor demands for low-carbon innovation led to $16bn being invested in 2019.
London and Bristol vow to divest from fossil fuel companies as part of Covid-19 recovery plans
The mayors of 12 major global cities, including London and Bristol in the UK and Berlin, Milan and Oslo in Europe, have committed to "take all possible steps" to divest their city assets from fossil fuel companies.
Morgan Stanley commits to net-zero financed emissions by 2050
Global banking firm Morgan Stanley has unveiled a new commitment to reach net-zero financed emissions by 2050, while new research reveals that while almost half of the FTSE 100 companies have net-zero commitments in place, they don't yet have detailed strategies to reach these goals.
#SustyTalk: WWF's Raymond Dhirani on financing the green recovery
edie's SustyTalk series continues with WWF UK's head of sustainable finance Raymond Dhirani discussing the role of the finance sector in creating a Covid-19 recovery movement that tackles the twin climate and nature crises.
Carbon capture and EVs: Amazon unveils first beneficiaries of $2bn climate fund
Amazon has announced the first beneficiaries of its $2bn Climate Pledge Fund, with organisations developing carbon removal technologies, nature-based carbon markets and electric vehicle (EV) innovations set to benefit.
Mark Carney: Climate considerations must be 'embedded' in every financial decision for a truly green recovery
Former Bank of England Governor Mark Carney has outlined his vision for financing a green economic recovery for Covid-19 in the UK, calling for measures to ensure that every financial decision made by the private sector takes climate into account.
Business and investor giants urge EU to raise 2030 emissions target
More than 150 businesses and a group of investors with €33trn in assets under management have today (15 September) called on the European Union (EU) to back the ambitions set out in its Green Deal by committing to reduce greenhouse gas emissions by at least 55% by 2030.
Investors covering $47trn ask world's highest-emitting corporates to prove net-zero alignment
An initiative involving 500+ investors representing $47trn in assets has asked 161 of the world's largest corporate emitters, including fossil fuel and mining giants, requesting that they commit to net-zero targets and prove they are changing their business models and processes accordingly.
Moving beyond ESG to real world impact in a new era of scrutiny for investors
For anyone who thinks sustainable investing is just about climate, the Covid-19 crisis has proven that businesses becoming resilient to climate change, have also proven best-prepared to ride the shock of the current pandemic.
Inclusive recovery: Can a post-pandemic economy shift society and sectors to greener pastures?
The world is still reeling from the continued impacts of the coronavirus pandemic, but the financial decisions that are made now will determine whether all sectors and parts of society are brought along the green recovery.
Banking and finance giants issue support for circular economy investment
More than 30 chief executives from some of the world's largest banks and asset managers, including BlackRock, Barclays, Lloyds, ING and the European Investment Bank, have backed new research from the Ellen MacArthur Foundation (EMF) highlighting how green finance can spur the circular economy.
Amazon, Microsoft and Allianz among corporate founders of new climate-risk-focussed data initiative
Amazon, Microsoft, Allianz and S&P Global have signed on as founding corporate members of a new initiative harnessing digital technologies to improve climate risk analysis and boost financing for low-carbon solutions.
HSBC signs up for new $1bn natural capital investment fund
HSBC has partnered with Pollination to launch what it is describing as the first large-scale investment fund focused solely on nature conservation and restoration.
Warrington Borough Council launches resident-funded green bond in bid to reach net-zero
Warrington Borough Council has launched a green bond that will see residents invest in the region's renewable energy and energy storage sectors, as it works to deliver a carbon-neutral town by 2030.
Moody's: Global green bond issuance reached record high amid Covid-19 crisis
The global issuance of sustainable and green bonds totalled a record $99.9bn (£75.5bn) in the second quarter of 2020, with investors increasingly focusing on ESG risks and seeking to play their part in the green recovery movement.
Visa prices $500m green bond to assist with low-carbon transition
Visa has launched its inaugural green bond, priced at $500m. It will be used to help the company achieve its decarbonisation aims and its alignment with the UN's Sustainable Development Goals (SDGs).
Purpose-led business 'key' to green Covid-19 recovery, say top CEOs
The chief executives of Danone, L'Oreal and Philips are among the signatories of a new open letter calling for the creation of an economic system that "puts purpose first, so our planet and society can thrive", through Covid-19 recovery efforts.
The disclosure and transparency trend
As part of edie's new ESG Handbook, CDP's head of investor research Carole Ferguson outlines how the twin threats of the coronavirus pandemic and the climate crisis is creating a heightened focus on transparency amongst investors and corporates.
Analysts to help align economic recovery plans with net-zero
Many world leaders and businesses have given their verbal support for a 'green' economic recovery from Covid-19. Now, a group of analysts have begun work to develop data-driven digital tools which will help deliver on these commitments.
Major investors to pilot new net-zero framework on $1.3trn of assets
Standard Life and the Church of England Pensions Board are among a coalition of investors trialling what has been described as the world's first blueprint for aligning investment portfolios with the Paris Agreement on climate.
edie launches new handbook on ESG excellence and best practice
edie has published a new handbook outlining the key considerations and best practice advice to collecting and compiling Environmental, Social and Governance (ESG) data that investors are increasingly looking for, in order to spur the green recovery.
Bridging the gap between sustainability and finance
The role of an environmental professional on big infrastructure projects has changed dramatically during my career. Now we are approaching a period where sustainability and finance professionals engage on the crucial decisions that will shape the green future.
Google owner issues largest corporate sustainability bond in history
Google's parent company Alphabet Inc. has issued $5.75bn (£4.4bn) in sustainability bonds, in what it claims is the largest sustainability or green bond issued by a corporation to date.
The ESG Handbook 2020: Spurring the green recovery
Green finance and ESG investing were reaching a tipping point, then the coronavirus pandemic swept across the world. The virus hasn’t so much as tipped the scales towards ESG investing but rather poured most of the world’s financial system towards it.
How can businesses boost climate disclosure and green investment in line with changing demands?
Investors and consumers alike are demanding more information on business-related climate risks and whether corporates are spending significant sums on decarbonisation - and this trend is likely to accelerate because of Covid-19. So, what is best practice on investment and disclosure, and how should businesses implement these approaches?
Private equity investors launch Paris-aligned climate disclosure framework
A group of private equity investors have launched an international network committing to engage with corporates in reducing carbon emissions in line with the needs of the Paris Agreement.
edie's Net-Zero Live 2020 goes virtual as part of bumper month of inspirational content
edie's annual exhibition, Net-Zero Live 2020, will take place virtually over three days in November, as part of a themed month of digital content dedicated to accelerating climate action and helping business build back better.
Available to watch on-demand: edie's sustainable investment webinar featuring ING and BlackRock
Sustainable finance experts from BlackRock Investment Stewardship, ING and Tideway appeared in edie's webinar focused on sustainable investment and climate disclosure, which took place Wednesday 29 July. The recording is now available to watch on-demand.
2020 will be 'watershed year' for plant-based foods, investor coalition predicts
Investor coalition FAIRR has documented a tenfold increase in the plant-based-food-related assets its cohort manages over the past four years and found that four in ten food giants now have dedicated teams for plant-based products.
UN maps all land to help businesses halt habitat and biodiversity destruction
Scientists have mapped the entirety of the planet's terrestrial habitat, creating a resource that will help businesses and investors measure and minimize their impacts on natural resources and biodiversity.
NatWest to disclose the climate impacts of projects it finances
NatWest Group has pledged to halve the climate-related impacts of its financing by 2030, after becoming the first major UK bank to join the Partnership for Carbon Accounting Financials (PCAF).
ESG disclosure 'firmly in the mainstream' for corporate reporting
New analysis of global reporting frameworks and requirements for corporate sustainability has found that environmental, social and governance (ESG) disclosure is becoming a crucial aspect of corporate transparency.
Banking giants team up for Task Force for Nature-related Financial disclosures
AXA and BNP Paribas are among a group of 10 major banks backing a new initiative intended to help corporates measure, disclose and minimise their nature-related financial risks.
Morgan Stanley to disclose climate impact of investments
Morgan Stanley has become the first US-based global bank to commit to measuring and disclosing the environmental impact of its investment portfolio and loan offerings and will join a global partnership to drive climate action across the global accounting sector.
Translating targets into temperature: CDP launches new ratings system for climate crisis
CDP has today (7 July) launched a new set of ratings gauging the temperature pathway of investment portfolios, funds and stock indices in order to outline future climate-related risks to investors.
Just 1 in 10 UK businesses assessing climate risk as a priority, survey reveals
A survey of more than 500 businesses has revealed that while three-quarters are concerned about climate-related risks, just one in ten consider measuring and disclosing their climate-related risks a priority.
edie launches brand new Sustainable Investment Digital Conference for September
edie is launching its first bespoke sustainability conference focused on green finance, with experts from ING, BlackRock and BNP Paribas set to discuss investment and the green recovery at the Sustainable Investment Digital Conference on 7-8 September 2020.
Amazon to invest $2bn in low-carbon innovations
Amazon will invest at least $2bn (£1.6bn) in smaller firms creating technologies or services aimed at reducing carbon emissions to net-zero, the e-commerce giant announced on Tuesday (23 June).
Investors target Facebook, Nintendo and other business giants over climate disclosure
More than 1,000 multinational companies have been contacted by a group of more than 100 investors, calling for relevant data on environmental performance and stewardship to be disclosed to CDP.
Refinitiv unveils new SDG-aligned sustainability strategy, including 1.5C science-based targets
After meeting its 2020 ambition of becoming carbon-neutral, Refinitiv has launched a new strategy through to 2030, centred around the UN Sustainable Development Goals (SDGs) and headlined by 1.5C-aligned emissions reduction targets.
Investors worth €11trn call for European green recovery from Covid-19 pandemic
More than 100 investors have written to European business and finance leaders, calling on them to ensure the delivering of the bloc-wide Green Deal and deliver a green recovery from the coronavirus pandemic.
Fossil fuel profits set to collapse by two-thirds
The global market value of fossil fuels is set to collapse by almost two-thirds, creating heightened economic risk for companies, financial markets and countries failing to embrace new low-carbon technology.
UK business giants call for national green recovery tied to net-zero
More than 200 UK businesses and investors, including Sky, Lloyds Bank and Asda, have called on Prime Minister Boris Johnson to deliver a green recovery plan from the coronavirus pandemic that builds a stronger and more inclusive economy.
Coronavirus: EU's €750bn recovery fund to funnel investments towards climate action
The European Union's proposed €750bn fund to help the bloc recover from the coronavirus crisis will have green strings attached, with 25% of all funding set aside for climate action, the European Commission has said.
HSBC raises £386m fund for climate mitigation in developing countries
HSBC, in partnership with the World Banks's sister organisation the IFC, has raised £386m ($474m) to support investments into climate mitigation across developing countries and markets.
Business giants failing to disclose climate-related risks
Europe's largest businesses are failing to provide relevant climate-related data to investors, which could jeopardise the European Union's aims to deliver a "just" carbon-neutral transition by 2050.
Chief value officers and ESG investors: What could green finance look like in the new normal?
Whatever the new normal looks like once nations have battled their way through the coronavirus, the recent rhetoric around green finance suggests that both internally externally, the value of sustainability to a business is set to grow.
BNP Paribas accelerates coal phase-out as BlackRock predicts clean energy future
Corporate bank BNP Paribas is speeding up its phase-out of support for coal projects, while BlackRock has claimed that renewables are still the course of action for the global energy mix. However, other investors that have made low-carbon commitments have been accused of supporting a tar sands oil project in Canada.
Seven top tips to engage on sustainability during a global pandemic
edie recently hosted an afternoon of back-to-back online events exploring best-practice advice into communicating, engaging and reporting on sustainability. Against a backdrop of a global pandemic, panellists outlined their thoughts on how businesses can keep sustainability high up the corporate agenda.
Available to watch on-demand:All three online events from the CSR reporting and communications sessions
edie ran a series of back-to-back online events on sustainability reporting and communications during the coronavirus pandemic, featuring speakers from Innocent Drinks, British American Tobacco, Toast Ale, Capgemini and more. All three sessions are now available to watch on-demand.
The Disclosure Digest: edie launches top tips on aligning sustainability with investor needs
With more investors looking to focus on green and low-carbon financing to push the economy out of the slump caused by the pandemic, edie is releasing an exclusive outlining how sustainable businesses can overcome language barriers to engage with a new market of green investors.