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Investors are calling for net-zero targets to come with detailed transition plans

Investors seek accountability over corporate net-zero commitments

More than 50 global investors, managing more than $14trn in assets, are calling for new corporate governance structures and standards to be introduced to improve the accountability of net-zero carbon commitments.

Howard Boyd will help oversee the GFI’s work in the build-up to the COP26 climate summit this November in Glasgow

Emma Howard Boyd confirmed as interim chair of Green Finance Institute

The Green Finance Institute (GFI) has announced that the Environment Agency's chair Emma Howard Boyd CBE has been appointed as interim chair at the institute, following the passing of Sir Roger Gifford in May.

Scottish Widows research found that 56% of defined benefit (DB) pension savers would consider investing their pension funds in clean, fossil fuel-free energy

Scottish Widows 'reboots' £250m environment fund to screen against fossil fuels

Scottish Widows has launched a 'rebooted' Environmental Fund that will give six million customers the chance to invest in "great green" British businesses, while screening against exposure to fossil fuels.

According to the report, investment is now an “industry that is in transition” with ESG approaches become more commonplace

'An industry in transition': Sustainable investments now account for one-third of global market

Sustainable investment approaches that consider environmental, social and governance (ESG) factors in portfolios have grown by 15% over the last two years and now account for more than a third of professionally managed assets across all major markets.

The research warns that agriculture is lagging behind, with just 0.1% of its annual $8trn going into circular initiatives

Circular economy attracting $1.3trn in annual investments, but dwarfed by linear spending models

Governments, investors and corporates collectively funnel more than $1.3trn annually into circular economy initiatives, but this is just a fraction of the money that is currently spent on linear methods of consumption and resource use.

Waygood has been with Aviva Investors for 14 years, founding its Centre for Sustainable Fiance Excellence

Aviva's Steve Waygood: Now is the time for finance firms to become climate macro-stewards

With the world on track for 3.2C of warming by the end of the decade, by UN estimates, Aviva Investors' chief responsible investment officer Steve Waygood is urging professionals in his line of work to go beyond their four walls and influence international climate plans.

Policymakers are discussing the controversial reforms this week

Business reiterate Brazil boycott as nation urged to set deforestation-linked bonds

Nando's, Ocado and the Woolworths Group are the latest businesses to have signed a letter urging Brazilian policymakers to reject a new land-use proposal that could further spur deforestation in the Amazonian region, with a new report urging the nation to link efforts to combat deforestation to sovereign bonds.

The day's events were chaired by Richard Howitt, senior associate at Frank Bold LLP and former chief executive of the International Integrated Reporting Council

Could making ESG more 'financially relevant' combat greenwashing?

At the first day of edie's Sustainable Investment Conference, expert speakers from EY, JP Morgan, Credit Suisse and Citi debated how the definition of leadership in relation to ESG investing is evolving. Here, we round up their key talking points.

The new Alliance is expecting dozens of new members to sign up ahead of COP26 in November 

Insurance giants team up for net-zero alliance, but are urged to stop supporting fossil fuels

AXA, Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re and Zurich Insurance Group have launched a new 'Net-Zero Insurance Alliance', of which members will be required to deliver net-zero emissions by 2050 across their insurance and reinsurance portfolios.

The CFP is aiming to generate at least $500m

BlackRock secures $250m for climate projects in developing countries

The world's largest investor BlackRock has secured more than $250m from global investors and governments to support clean energy uptake and climate infrastructure across countries in Asia, Latin America and Africa.

Pictured: The Talinay wind park in Chile. Image: Enel

'World's largest' sustainability-linked bond issue from Enel three times oversubscribed

Italian energy major Enel has revealed that it received orders of some $12bn for its sustainability-linked bond - three times more than its $4bn price point.

The letters request a response by 15 August

Investors call on banking giants to step up on climate and biodiversity commitments

More than 100 investors, including the likes of Aviva and M&G Investments, representing $4.2trn in assets under management have written to some of the world's biggest banks, calling on them to strengthen climate and biodiversity targets this year.

#SustyTalk: Green Angel Syndicate CEO Nick Lyth on maximising the sustainable investment opportunity

edie's #SustyTalk interview series continues with an exclusive discussion with Green Angel Syndicate founder and chief executive Nick Lyth.

The new Tracker covers some $25trn of managed and owned assets

Analysis: Two-thirds of UK finance firms have climate targets, but most are failing to shift investments

While most of the UK's biggest banks and asset managers have updated their climate targets in light of net-zero, finance flows are still ultimately favouring high-carbon projects and businesses, according to new analysis of more than 1,200 financial institutions.

All edie podcast episodes can be listened to via iTunes, Spotify and Soundcloud

Sustainable Business Covered podcast: Spotlight on green finance, ESG and the TCFD

With edie's Sustainable Investment Conference less than two weeks away, episode 104 of the Sustainable Business Covered Podcast explores an array of green investment topics with UKSIF, ING and Inspired Energy.

A Green Savings Bond offered by National Savings and Investments (NS&I) will also help fund green projects

Chancellor Rishi Sunak issues £15bn green gilt drive to assist net-zero ambition

Chancellor of the Exchequer Rishi Sunak has today (1 July) outlined plans to transform the UK’s financial services industry through £15bn of green bonds that will support projects that decarbonise key parts of the UK economy while improving climate resiliency and adaptation.

Investors for a Just Transition is France-based at present, with an international launch planned at COP26 in November

Investors worth €3.6trn collaborate to promote just transition to net-zero

AXA, Aviva France and Eiffel are among the members of a new coalition of investors convened to promote a just low-carbon transition across Europe. Collectively, members represent €3.6trn of assets under management.

#SustyTalk: Seizing the green finance opportunities of 2021

edie's #SustyTalk interview series continues with an exclusive panel discussion on scaling green finance in the run-up to COP26, featuring experts from Clim8, E3G and FIA EPTA. 

The guide is free to download for edie users

edie launches new business guide on TCFD recommendations

edie has launched an updated Explains guide answering important questions for businesses looking to align their reporting with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).

The Aldersgate Group represents dozens of the UK's biggest businesses and trade groups

Net-zero, Brexit and Covid-19: Businesses say now is perfect time to 'green' UK's financial system

The UK government is being urged to ensure that its ongoing review of financial services regulations properly accounts for the scale of the twin climate and nature crises by influential business coalition the Aldersgate Group.

Aviva has been warning the Government that the financial sector is not yet aligned with the net-zero transition, and will continue to do so ahead of COP26

Aviva and WWF push UK to mandate climate transition plans for financial sector

British financial institutions should be mandated to outline their plans for decarbonising investments in line with the national net-zero target by the end of 2023, Aviva Investors is recommending.

How to be a net-zero winner

As part of edie's Net-Zero Carbon Playbook, Centrica Business Solution's net-zero product manager Alex Lowe explains the steps that organisations can take to thrive during the net-zero transition.

Hundreds of shareholder motions on climate have been filed this year already

'Votes have jumped dramatically': Why investors are pressing companies to accelerate climate action

The 2021 AGM season saw a flurry of climate-related shareholder resolutions being filed - and passed - at the world's biggest banks and fossil fuel majors. Here, edie interviews the architects of these resolutions to get an inside look at their development and growing success.

Lobbying demands detailed in the report include calls for jet fuel to be included in 'green' government funding and against higher environmental taxes

Airlines accused of lobbying against stronger EU climate policy

Aviation giants including British Airways' parent company International Airlines Group (IAG) and Ryanair have been accused of opposing proposals for stronger climate policy in the European Union (EU), as the bloc works towards a 2050 net-zero target.

Governments are facing mounting pressure to deliver preparations for COP26, five months out from the conference in Glasgow

Be bolder with climate policies, 70 CEOs and investors worth $41trn tell world leaders

An alliance of more than 70 chief executives has written to world leaders in support of "bold and courageous commitments, policies and actions" on tackling the climate crisis, on the same day that a similar call to action has been made by investors representing trillions of dollars of assets.

The best performer, the DAX 30, still failed to meet Paris Agreement requirements, with a 2.2C temperature trajectory

G7 nations failing to align major stock indexes with climate commitments, report reveals

None of the largest stock indexes operating in G7 nations are aligned with either of the Paris Agreement on climate change's two pathways, according to new research out today (10 June).

More and more companies are linking the performance against sustainability targets to loans and bonds

HP and JBS issue sustainability-linked bonds to drive towards net-zero

The world's largest protein producer, JBS, has announced the issuance of a $1bn sustainability-linked bond tied to net-zero targets, while technology firm HP has unveiled its sustainable bonds framework.

Pictured: Solar panels being installed on a farm in India

IEA: To reach net-zero, renewable energy investment in developing nations must increase sevenfold

Some $150bn was invested in clean energy in developing economies last year, according to new International Energy Agency (IEA) analysis. But the Agency believes this figure must hit $1trn by 2030 to deliver a net-zero world.

Pictured: Chancellor Rishi Sunak at the recent G7 Finance Ministers' Meeting. Image: HM Treasury, CC BY-NC-ND 2.0 (https://www.flickr.com/photos/hmtreasury/51224385548/)

UK Government launches new taskforce to tackle greenwashing in finance sector

The UK Government is set to launch a new advisory group tasked with creating a 'green taxonomy' for finance, in a bid to crack down on greenwashing in the investment space.

Through the initiative, asset owners commit to decarbonising pension funds and investment portfolios by 2050 at the latest

ABP and National Trust sign up to net-zero investment initiative

Europe's largest pension fund, the Church of Sweden and the National Trust are among six new signatories to a global net-zero asset owner commitment to decarbonise financial portfolios in line with the ambitions of the Paris Agreement.

The UK was the first major nation to confirm plans to mandate climate disclosure back in November 2020

G7 agree on 'historic steps' to make climate reporting mandatory

Chancellor of the Exchequer Rishi Sunak met with finance ministers in London this weekend, with discussions leading to a historic agreement that G7 nations will mandate climate reporting in line with the recommendations of the global Taskforce on Climate-related Financial Disclosures (TCFD).

The two-day digital event takes place on 13-14 July

JP Morgan, Citi and BlackRock all confirmed for edie's Sustainable Investment Conference 2021

Financial and environmental experts from some of the world's largest investors and banks will discuss the prominent rise in environmental, social and governance (ESG) investing and what that means for business at edie's Sustainable Investment Conference next month.

Certain firms will be required to disclose in line with TCFD recommendations in the UK from 2022, but investors are arguing the case for a joined-up global approach 

Give us sector-specific guidance on net-zero transition, investment giants tell G7 nations

A group of investors with £8.5trn of assets under management has called on G7 nations to introduce new climate disclosure and action mandates for big businesses - and to provide more detail on how their long-term climate goals will be delivered.

Image: Amazon

Amazon could be forced to disclose its plastic footprint

E-commerce giant Amazon's shareholders will vote this week on whether the firm should adopt a resolution requiring it to disclose how much plastic packaging it produces - and how much of this is likely to end up polluting the environment.

Steel manufacturing is accountable for around 7% of global emissions from fuel use

Banking giants team up to accelerate net-zero transition for steel industry

Six leading lenders to the steel industry - ING, Citi, Goldman Sachs, Societe Generale, Standard Chartered and UniCredit - have created a new working group focusing on decarbonisation.

HSBC must now publish a plan outlining its new phase-out policy

Shareholders pass vote for HSBC to phase-out global coal financing by 2040

Shareholders of HSBC have today passed a proposed management resolution that commits the bank to phase-out financing for the coal industry by 2040 worldwide, following successful campaigning from investors.

The report estimates that annual investments into NbS will need to reach $536bn annually by 2050

$8trn funding gap: UN report calls for four-fold increase in nature-based solutions investment

The world is facing an $8.1trn financing gap into nature to help combat the climate crisis and ecological breakdown, according to a new UN report that warns that annual investments into nature-based solutions (NbS) need to increase fourfold by 2050.

After BP shareholders rejected a climate motion earlier this month, several other major players will now be forced to strengthen targets 

Climate activists appointed to ExxonMobil board as Chevron shareholders back stronger emissions goals

Shareholder motions filed by climate activists have passed at US fossil fuel giants ExxonMobil and Chevron, with disgruntled investors clearly keen to see more ambitious emissions reduction targets.

The two upcoming events form an integral part of the six-month Festival

Countdown to COP26 Festival: Flagship July events to focus on crucial themes of climate talks

edie has today (26 May) officially unveiled the content programmes and initial speaker line-ups for the next two events to be delivered under the Countdown to COP26 Festival programme - covering the key COP themes of net-zero carbon energy, clean transport and climate finance.

The module is currently focused on the mining and agriculture sectors – two of the most exposed sectors to biodiversity-related risks

ENCORE: UN-backed biodiversity module to help investors factor nature into spending decisions

A new UN-back module has been launched today to enable financial institutions to map their exposure to biodiversity risks based on sectoral activities, in a bid to push the economy towards a nature-positive future.

Top industries for net job creation include industrial equipment, high tech, software, utilities, automotive, life sciences, and communications/media

Report: Investing in digital and sustainability could create 5.7 million jobs across Europe by 2030

European firms could create up to 5.7 million new green jobs by 2030 by investing in digital and sustainability transformations, according to a new report.

American and Chinese firms fared worse than their European counterparts, but no firm received one of the top two grades overall 

'Concerning for shareholders': World's biggest insurers failing to tackle ESG risks

A new ranking of the world's 70 largest insurance firms has found that none exclude companies driving biodiversity loss and just 13% exclude firms knowingly in breach of human and labour rights requirements.

Lessons from Yozma for UK conservation

In February of 2021 Professor Sir Partha Dasgupta released the final report of a multi-year review of the economics of biodiversity. This report emphasised that biodiversity is an integral component of global economies and that the continued loss of biodiversity would have devastating impacts on human society.

Better data and more unified disclosures could increase investor trust, the survey authors claim

Survey: 9 in 10 investors do not trust corporate ESG claims

While investors increasingly want companies to disclose more information on their environmental, social and governance (ESG) targets and progress, most find it difficult to trust business's claims at face value, and to compare different firms.

The report reveals the extent of strings-free financing to high-emitting sectors, often in misalignment with the Paris Agreement or with banks and investors' own climate commitments

WWF: UK banks and investors financing projects with double nation's climate impact

UK banks and asset managers collectively financed projects emitting 805 million tonnes of greenhouse gases in 2019 - around twice the UK's annual national carbon footprint.

Estimates suggest that financing this market will reach $854bn annually by 2030 to halt natural degradation

Investors and businesses urged to address $700bn nature-based solutions finance gap

A new report has warned that a $700bn investment gap into "Nature-based Solutions" needs to be addressed in order to meet wider net-zero goals and combat the climate crisis.

The latest RECAI warns that future renewables deployment will require a further $5.2trn of investment

UK climbs energy investment rankings, but concerns persist over green finance availability

The UK has climbed one position to fourth in the rankings for EY's national attractiveness of renewable energy investment, but the organisation has warned that global green finance efforts need to improve considerably to meet clean energy demand for existing climate commitments.

Campaigners claimed that Shell's plans could only cut emissions by 10% by 2030, in absolute terms

Shell shareholders vote against climate activists' net-zero plans

Royal Dutch Shell received overwhelming backing for its own energy transition strategy at its AGM today (18 May), but a shareholder resolution that would have forced accelerated climate action did not pass.

Chemical companies, oil majors, banks and investors all come under fire in the new report

Beyond retail: Banks and fossil fuel giants urged to face role in plastic pollution crisis

Just 20 businesses are responsible for half of the world's single-use plastic waste, with fossil fuel majors including ExxonMobil and Total among the worst offenders, a new study has revealed.

Pictured: St Andrew's Church, a Church of England location in Surrey

'Care for creation': Fossil fuel divestment promised by dozens of major faith institutions

The Church in Wales, Diocese of Bristol and Diocese of Oxford are among a group of 36 faith institutions to have jointly committed to divesting from fossil fuels, stating that they have a moral imperative to help combat the climate crisis.

Pictured: The London offices of EY, one of the 14 businesses to make the commitment

From Barclays to Unilever: 14 major firms commit to purpose-led businesses

More than a dozen large firms have pledged to put social sustainability higher on the boardroom agenda, by joining a scheme aimed to help businesses become more purpose-driven.

Shareholder climate resolution votes are becoming increasingly common in the corporate space

Unilever's net-zero transition plan backed by more than 99% of shareholders

More than 99% of Unilever's shareholders have voted in favour of its plans to become a net-zero business by 2039, the FMCG giant has said.

Green groups are concerned that Barclays' investors are potentially less engaged with climate issues than they were last year

Barclays shareholders reject resolution on fossil fuel phase-out

Despite continued campaigning from non-profits, activists and investors, Barclays' shareholders have rejected a proposal that would require the bank to reduce fossil fuel finance on climate grounds.

Yum! Brands, which owns Taco Bell and KFC, is one of the brands to have improved climate targets 

Fast-food giants beef up climate commitments following investor pressure

The likes of McDonald's, Domino's and Yum! Brands, which owns KFC, have all improved their climate commitments this year following pressure from an $11trn coalition of investors.

All key parts of the financial sector are represented in UKSIF's membership, including banks, pension providers, insurers and asset owners

Investors worth £10trn outline policy vision for sustainable finance in net-zero transition

UKSIF, which represents more than 260 members with more than £10trn of assets under management, has called on the Government to better support a 'just' transition to net-zero.

BlackRock now manages more than $200bn in long-term sustainable strategies

BlackRock launches temperature-aligned investments funds

The world's largest investor BlackRock has unveiled two new temperature-based exchange funds aimed at helping investors align portfolios with the pathways of the Paris Agreement.

The first 160 member firms collectively represent $70trn of assets under management

Mark Carney to chair 'Glasgow Financial Alliance for Net-Zero' ahead of COP26

A new initiative from the US and UK Governments, designed to unite the global financial sector on the net-zero transition, has launched, confirming Mark Carney as chair.

Revised targets will be published at an as-yet-unspecified date

MSCI commits to net-zero emissions before 2040

American finance firm MSCI has announced its intention to reach net-zero emissions before 2040, pledging to revamp its current decarbonisation goals and align with the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD).

Citi and HSBC, pictured here at Canary Wharf, are among the banks being called upon by the investors

Ditch fossil fuel finance, $11trn investor coalition tells big banks

A coalition of 35 major investors with $11trn of assets under management collectively are calling on banks to "enhance" their climate targets, backing up long-term visions with action in the short-term.

Investors are facing mounting pressure to raise climate ambitions, including from changing legislation on net-zero

CISL calls for standardised climate disclosure framework for investors

While most investors are measuring and disclosing their climate performance, it is hard to compare progress between companies because there is not a universal framework. This makes it more challenging for investors to be held to account or to accelerate progress.

While progress accelerated this year, the TPI is warning that high emitting companies are still, by and large, jeopardising Paris Agreement progress 

Report: Net-zero targets from corporates becoming more 'genuine'

An analysis of the climate commitments of 401 companies has found that the uptake of "genuine" net-zero targets - those regarded as ambitious and not greenwashing - has more than doubled in the past year.

 The partnership believes it can raise $1bn initially

Additional $600m for low-carbon solutions as BlackRock forms new investment partnership

The world's largest investor, BlackRock, has forged a new partnership with Singapore-based Temasek to scale up investment in low-carbon technologies.

The social aspect of ESG is expected to rise in prominence in both the corporate and financial sphere

The coronavirus 'white swan': Companies and investors ramping up sustainability commitments

The coronavirus pandemic is acting as a "white swan" moment that is accelerating corporate focus on long-term sustainability strategies, but better disclosure and communication is needed for investors to unlock new finance to spur the green transition.

Three ESG lessons from Covid-19 for the climate crisis

None of us coming out of the Covid-19 pandemic unchanged. The crisis has forced everybody to respond to new challenges and, largely, we have adapted well - parish council and cat filtered lawyer zoom calls notwithstanding.

Many PC&P formats are hard-to-recycle, including black plastics and flexible films (pictured)

Report: 6 in 10 plastic packaging companies have no environmental policies

An analysis of 83 of the world's biggest publicly traded plastic packaging firms has found that almost two-thirds report no policies on sustainability-related topics like waste or carbon.

The report shows how fossil fuel investments have begun to underperform, while renewable energy investments increasingly outperform

Report: Investors ditching fossil fuel stocks as value drops by billions of dollars

The value of share offerings in fossil fuel firms has plummeted by $123bn since 2012, a new report has revealed.

36% of assets under management globally are now covered by the scheme

Dozens of big-name investors including BlackRock join Net Zero Asset Managers Initiative

The Net Zero Asset Managers Initiative now covers more than one-third of assets under management globally, after 43 big names, including BlackRock and the Vanguard Group, signed up.

edie asks businesses occupying, and investing in, offices, what a sustainable future looks like after Covid-19

What does the UK's sustainable office of the future look like?

Many of the UK's biggest businesses are planning to downsize their office estates this year, while outlining plans to continue remote working post-lockdown. But are environmental considerations a driver, as well as Covid-19? And will the office of the future be truly sustainable?

Image: NGN

Northern Gas Networks launches green bond to support hydrogen transition

Northern Gas Networks has launched its first green bond, in a bid to raise capital to prepare for hydrogen heating. The move comes as Hitachi Capital UK prices its own debut green bond at $40m.

The report aims to quantify how robust a net-zero target is by whether it meets the criteria set out by the UN Race to Zero Campaign

One-fifth of world's largest corporates have set net-zero targets

More than 20% of the world's largest corporates, worth sales of more than $14trn, have now committed to net-zero targets, but more transparency and short-term targets are required to navigate potential greenwash issues.

Pictured: Mangroves, which could provide an investment opportunity for those seeking biodiversity and carbon sequestration

Is biodiversity being forgotten in sustainable corporate finance?

EXCLUSIVE: The issuance of sustainability bonds and sustainability-linked loans in the private sector is gathering pace, but are businesses using them to help avert the nature crisis?

Swiss Re's UK headquarters are located within the Gherkin (pictured)

'Systematic climate approach': Swiss Re plots global coal phase-out by 2040

Insurance and reinsurance giant Swiss Re has announced new climate targets for financed emissions and pledged to stop serving the global coal sector by 2040.

Money needs to be re-aligned in order to stimulate this demand

IRENA: Existing solutions can spur progress to net-zero

Global power sourced from renewables is set to treble by 2050, with wind, solar and hydrogen all required to account for 90% of all decarbonisation solutions to push the global economy towards the 1.5C pathway, a new report from the International Renewable Energy Agency (IRENA) has found.

Pictured: Octopus Renewables' onshore wind farm in Fraisethrope, East Riding of Yorkshire.

Brunel Pensions Partnership targets net-zero as Nest accelerates renewable energy investment

The UK's largest Government-backed pension scheme, Nest, has pledged £250m to renewable energy projects this year, while Brunel Pension Partnership has outlined a new net-zero target.

What does the EU Sustainable Finance Disclosure Regulation (SFDR) mean for corporates?

2021 is set to be a momentous year in terms of funds regulation as Sustainable Finance Disclosures Regulation (SFDR) comes into place. The SFDR forms part of the EU's Action Plan on Sustainable Finance, with the goal of eliminating greenwash and emphasizing the impact that asset managers' investments have, particularly in relation to climate change.

The resolution will be put to a vote in May at HSBC’s AGM

HSBC to vote on phase-out of fossil fuel funding

HSBC will propose a new commitment to completely phase-out financing of coal-fired power and thermal coal mines by 2040 globally, following negotiations with a group of investors with $2.4tn in assets under management.

The framework is designed to help investors deliver long-term net-zero financed emissions goals

Major investors apply net-zero alignment framework to $8trn of assets

A coalition of 35 big-name investors has become the first to apply a new net-zero investment framework to their portfolios, with $8trn of assets covered.

Almost one-quarter of the directors analysed have a close link to the fossil fuel sector

'Climate conflict': 4 in 5 UK bank directors have connections to high-emitting corporates

An analysis of the activities of directors at the UK's biggest banks has revealed that almost 80% have close ties to corporates in industries linked to climate change and pollution - which could undermine their net-zero commitments.

Chancellor Rishi Sunak used his 2021 Budget statement to reiterate the Government's “real commitment to green growth”. Image: Parliament Live TV

Budget 2021: Sunak confirms Net-Zero Innovation Fund, announces freeports to spur green investment

Rishi Sunak delivered his Budget for 2021 today (3 March), pledging to put green investment at the heart of the UK's economic recovery from Covid-19. But the Chancellor has come under fire for failing to mention a number of critical policy enablers for the UK's net-zero carbon transition.     

'Our ESG agenda can't just be a separate layer that sits above what we do day-to-day,' Fraser said in a statement. 

New Citi boss unveils net-zero financed emissions vision

Finance giant Citigroup's new chief executive, Jane Fraser, has unveiled a new commitment to reach net-zero financed emissions by 2050.

Through 2030, investment opportunities will grow in sectors like wind and solar generation, the report states. Pictured: The Walney Extension offshore wind farm

Report: Strong net-zero policy could help UK attract £350bn of investment by 2050

The low-carbon energy transition in the UK could lead to the development of £350bn of investible assets by 2050 - but only if businesses and policymakers do more to support key sectors.

Three themes shaping the ESG landscape in 2021

It's been more than a year since Covid-19 first broke out. Understandably, the pandemic has forced many businesses to focus on survival, while others have had limited capacity to pursue their ESG agendas.

Aviva's approach for financed emissions includes a mix of divestment and engagement

Aviva Investors targets net-zero by 2040

Aviva has pledged to reach net-zero across its operations, supply chain and financing activities by 2040, in what it claims is the most ambitious net-zero pledge from a large, UK-based financial services firm.

The report warns that businesses must do more to minimise water extraction, accelerate replenishment and eliminate pollution

CDP: Water risk costs for corporates five times higher than cost of action

Some $301bn of business value is at risk because of water stewardship challenges, yet it would take corporates just $55bn to deliver appropriate mitigation and adaptation initiatives.

The BII whitepaper charts particular opportunities in sectors like renewable energy generation, technology and healthcare

BlackRock Investment Institute: Tackling climate change will provide a financial boost, not a net cost

BlackRock's insights arm is forecasting that the net-zero transition could create a cumulative output gain of almost 25% by 2040, if delivered in an "orderly" fashion.

The requests reveal the pension investment trends of more than 80 UK councils

As Trinity College Cambridge divests, UK council pensions still hold £10bn in fossil fuels

Freedom of information requests by environmental campaigners have revealed that UK local government pensions held almost £10bn in fossil fuel companies last year, despite the trend towards climate emergency declarations.

Of the 111 companies in global heavy industry surveyed, only 16 are well on track to aligning strategies with the Paris Agreement

Global heavy industry failing to align with Paris climate goals

Only 14% of publicly listed companies in the steel, cement, aluminum, paper and mining sector are on track to meet the Paris Agreement's 2°C climate target, according to a report by the Transition Pathway Initiative (TPI), a global investor group supported by the UN. Still, some European companies offer hope, EURACTIV Germany reports.

AB InBev owns dozens of the world's most popular beer brands, including Stella Artois, Corona, Becks and Budweiser 

AB InBev announces $10.1bn sustainability-linked loan

The world's largest brewer has announced what it claims is the world's largest corporate sustainability-linked loan to date, priced at $10.1bn.

Image: Thai Union

Thai Union launches its first sustainability-linked loan package, priced at $400m

The world's largest seafood firm, Thai Union, has announced a new $400m loan package with interest payments linked to climate, sustainability and due diligence targets.

BlackRock made a major U-turn on its climate approach last year, joining the Climate Action 100+ after previously voting against the group

BlackRock presses energy companies to set 'rigorous' emissions targets

The world's largest investor, BlackRock, has urged energy firms and other high emitters to disclose the full extent of their emissions and set climate targets in line with science. It is warning that failure to do so could result in stranded assets.

Costs could rapidly rack up without proper climate mitigation and adaptation, the report warns. Pictured: Flooding in Texas following Storm Harvey in 2017

Report: Real estate sector's inaction on climate change could increase costs by $2.5trn

Globally, real estate firms could rack up $2.5trn of additional costs in the future unless they accelerate action to decarbonise buildings and to boost climate adaptation and resilience this decade.

Pictured: Leeds town hall

Leeds and London to host new green finance research hubs

A new government-backed body dedicated to green finance research is set to launch in April, with physical "hubs" in Leeds and London.

Pictured: Jersey City, where Goldman Sachs Tower is located

Goldman Sachs issues first sustainability bond, priced at $800m

US-based finance giant Goldman Sachs has issued its inaugural sustainability bond, priced at $800m, as it strives to mobilise $750bn in green finance by 2030.

Fewer than 25% reference the impact that the climate crisis will have on future and current business models

Business giants' climate disclosure 'clearly inadequate', lawyers warn

Lawyers have warned that the majority of FTSE 100 and the largest companies on the FTSE 250 are failing to disclose adequate climate-related data as part of annual corporate reporting frameworks, with some potentially breaching UK law.

A host of green finance experts met virtually on day one of the Sustainability Leaders Forum

Finance and policy: The external drivers forcing businesses to take climate action

Sustainability professionals have often found frustration when trying to embed CSR across an entire organisation, but the mainstreaming of Environmental, Social, and Governance (ESG) investing looks set to create new momentum behind the green recovery.

Companies from the oil and gas, metals, mining and utilities sectors will all be subjected to the programme and will be required to set science-based targets 

Aviva Investors warns it will divest from climate laggards

Aviva Investors has warned that it will fully divest from companies that fail to decarbonise in alignment with net-zero climate science and will issue a new programme that engages with carbon-intensive companies to meet climate goals.

The green economy has welcomed the review with open arms

As influential as the Stern Review: Green economy reacts to the Dasgupta biodiversity study

A new landmark review, commissioned by the Government, has suggested that services provided by nature should be assigned an economic value that is used to inform future policy decisions, a move that has been unanimously welcomed by green groups.

From net-zero strategy to personal sustainability skills, the Forum has a topic for everyone to make 2021 a super year for sustainability

Last chance to register: COP26 business champion Andrew Griffith to deliver keynote at the Sustainability Leaders Forum

edie has today (29 January) confirmed a final addition to the Sustainability Leaders Forum speaker line-up in the form of Andrew Griffith MP, who will deliver a keynote speech about the business opportunity of COP26 on the second day of the virtual event, which runs from 2-4 February.

The sweep found that 40% of the websites posted vague claims that failed to define “eco”, “sustainable” or “natural products”

Greenwash: 40% of websites 'misleading' consumers on environmental credentials

An annual sweep of corporate websites has found that four in ten are providing information on environmental criteria that could be considered misleading and potentially breaking consumer laws.

Along with Barclays, HSBC has often been the target of environmental campaigners

Survey: UK banks could lose millions of customers unless they get tougher on climate

A survey of more than 2,000 bank customers in the UK has found that more than one in ten would switch banks if they thought their choice of company was investing heavily in fossil fuels. The impact could be significant for big high-street brands, that could lose millions of customers each.


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