Bank of America commits $1trn to global sustainability initiatives
The Bank of America has increased an existing $300bn sustainable business initiatives fund to attempt to mobilise $1trn by 2030 for initiatives that will support the net-zero transition.
We need to get the next generation excited about green jobs
As we look towards a green economic recovery and the objective to build back better from the pandemic, there is a clear argument for aligning how we futureproof the country's workforce with UK climate ambitions.
Publisher Springer Nature reaches carbon neutrality
Global research publisher Springer Nature Group has today (8 April) confirmed that it has reached carbon-neutral status for emissions associated with its offices and business travel.
edie launches new business guide on net-zero carbon heating
edie has today (7 April) launched a new guide detailing everything businesses need to know and consider when looking to decarbonise heating in line with the net-zero movement.
Meet edie's 30 Under 30 Class of 2020: Charlotte Pumford, Vivobarefoot
This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: Charlotte Pumford, Vivobarefoot's sustainability manager.
G7 ponders increasing climate finance in build-up to COP26
Chancellor Rishi Sunak met with G7 finance ministers and central bank governors to discuss the role of finance in supporting the net-zero transition and implored developed nations to raise efforts to generate $100bn in annual revenue to support developing nations combat the climate crisis.
edie Explains: Net-zero carbon heating
What is net-zero carbon heating? Why is net-zero carbon heating important? What are the different forms of net-zero carbon heating? What are the business benefits of net-zero carbon heating? This explains guide answers all of these questions and more
UK records lowest power grid carbon intensity
On Easter Monday, the UK recorded its lowest level of carbon intensity for electricity use, the National Grid ESO has confirmed.
Danone-owned dairy giant unveils lifetime carbon emissions for its products
Horizon Organic, the largest USDA certified organic dairy brand in the world, has publicly disclosed the summary of life cycle assessments (LCA) for its whole milk half gallons, in a bid to outline areas of improvement as it strives to become "carbon positive" by 2025.
UK's largest used books business targets carbon neutrality by 2022
World of Books Group, the UK's largest retailer for used books, has committed to becoming a carbon-neutral business by 2022.
Meet edie's 30 Under 30 Class of 2020: Stephanie Palmer, Wienerberger UK
This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: Stephanie Palmer, sustainability manager at Wienerberger UK.
Molson Coors set for 100% renewable electricity switch in the UK
Molson Coors Beverage Company, which produces drinks for brands including Carling and Doom Bar in the UK, has signed a power purchase agreement (PPA) that will enable it to transition to 100% renewable electricity in the UK.
Sustainable sets and nature-based investments: Inside Netflix's new net-zero strategy
EXCLUSIVE: Netflix has this week pledged to reach net-zero emissions by 2022. In an exclusive interview with edie, the firm's sustainability officer Emma Stewart outlines how it plans to ramp up in-house carbon reductions and use offsetting to meet this new climate goal.
British farmers 'planning to ramp up net-zero investments as part of Covid-19 recovery'
A survey of hundreds of UK farmers has found that record proportions are planning to invest in measures to improve energy efficiency, increase renewable energy sourcing and boost carbon sequestration.
'Sky Zero Footprint Fund': Broadcaster launches £2m sustainable media prize
After committing to becoming a net-zero business by 2030, Sky has unveiled a new competition to encourage firms across the media sector to accelerate their own sustainability initiatives and engage audiences with environmental issues.
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.
Sustainable Business Covered podcast: How can the circular economy help us get to net-zero?
The new edie podcast episode is streaming now, featuring four exclusive interviews to mark Circular Economy Week.
UK's net-zero transition will create up to 1.7 million green jobs this decade, report finds
If the UK Government adopts the Climate Change Committee's Sixth Carbon Budget advice and supports businesses accordingly, some 1.7 million new 'green-collar' jobs can be created by 2030.
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?
Interface launches its first 'carbon negative' carpets
In a major step towards its vision to become a carbon-negative business by 2040, modular flooring firm Interface has launched its first carbon-negative certified products in the UK.
Covid-19 sees carbon emissions fall 10% in 2020 as UK nears half-way mark to net-zero
The impacts of the coronavirus pandemic delivered an estimated 10.7% reduction in carbon emissions in 2020, with total greenhouse gas emissions almost 50% lower than they were in 1990, the baseline year for the UK's net-zero target.
Ground broken at biomethane refuelling station in first for Scotland
Scotland's first renewable biomethane refuelling station will open this year, the developers have announced, after ground was broken at the project site today (25 March).
Businesses pledge to invest £4.4bn in Sizewell C, if the Government gives the green light
A Memorandum of Understanding has been signed on EDF's Sizewell C nuclear power plant by more than 200 organisations, which have collectively pledged £4.4bn of investment around the project.
'Climate Transition Action Plan': Unilever puts net-zero roadmap to shareholder vote
Unilever has outlined plans for delivering its 2039 net-zero target and will put them to a shareholder vote in May, in what is regarded as the first move of its kind by a multinational corporation.
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.
Meat giant JBS commits to net-zero emissions and zero deforestation
Brazilian meat producer JBS has ringfenced $1bn to reaching net-zero emissions across its value chain by 2040, while also aiming to eliminate illegal deforestation.
'Outrageous hypocrisy': Government condemned over £16bn oil and gas sector 'bailout'
Green groups have expressed their anger at the Government's new £16bn sector deal that pledges to align the oil and gas sector with the national net-zero target, while also ending financing for overseas fossil fuel projects, with many frustrated by a refusal to end oil and gas licensing.
Carbon-neutral coffee and water-efficient farms: Starbucks plots path to 'resource positivity'
Starbucks has announced new measures to deliver carbon-neutrality across parts of its coffee supply chains and to boost water stewardship in coffee-growing communities, as part of its vision to become 'resource positive' by 2030.
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.
Government commits £560m to decarbonise housing
The Government has issued £500m from the Green Homes Grant and £62m from a Social Housing Decarbonisation Fund to improve the energy efficiency of 50,000 UK households.
edie Explains: Sustainable Offices in the 'New Normal'
Why is it important for businesses to explore holistically sustainable offices, in the wake of Covid-19? And what are the key challenges and opportunities for businesses developing more sustainable offices? This free edie Explains guide answers these key questions and more.
Net-Zero Business podcast: EY's journey to, and beyond, carbon neutrality
In response to the accelerated pace at which businesses are examining and setting net-zero targets to help alleviate the climate crisis, edie has launched a new spin-off of the Sustainable Business Covered podcast. Up next, we speak to EY's global vice chair for sustainability, Steve Varley.
EVs: Renault launches battery recycling scheme as UK grant changes draw controversy
It's been a busy week for electric vehicle (EV) news, with the UK Government facing criticism over grant packages and charging infrastructure and Groupe Renault launching a new battery recycling scheme.
Unite Students set net-zero carbon goal for 2030
Real estate investment company Unite Students, which provides students with accommodation across the UK, has set a new sustainability commitment to reach net-zero carbon across its operations and construction by 2030.
Meet edie's 30 Under 30 Class of 2020: Sam Lux, Department for BEIS
This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: Sam Lux, policy advisor at BEIS.
Climate and waste: HelloFresh and Superdrug make new sustainability commitments
Meal-kit giant HelloFresh has pledged to halve food waste by 2022, in the same week that Superdrug's parent company, A.S. Watson Group, committed to eliminate unnecessary packaging.
'Asleep at the wheel': European carmakers risking fines over vehicle emissions
Europe's five largest carmakers are at risk of being "displaced by competitors" by failing to align phase-outs of traditional petrol and diesel vehicles with accelerating regulation emerging on the continent.
UK cities leading the way on net-zero and renewable energy, report finds
Almost three-quarters (73%) of the UK's urban population live in towns and cities with net-zero targets and/or strong local policies on renewable energy, compared to a global average of just 25%.
Morgan Sindall outlines fresh carbon accounting and engagement moves on road to net-zero
After announcing a 2030 net-zero target last month, Morgan Sindall Group has outlined new measures to track and reduce carbon across its construction business - and to engage the communities where its construction projects are located.
'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.
Recycled materials and CCS: Aluminium industry plots pathways to net-zero
The association representing more than 60% of the world's aluminium production has published new climate pathways for the sector, outlining how recycled materials, electrification and emerging technologies could cut emissions at scale.
Mace Group to use hydrogen generators at construction sites
In what it claims is a first for the UK's construction sector, Mace Group has signed a deal that will see it deploy hydrogen generators to replace diesel generators at construction sites.
Retrofit revolution can cut emissions and deliver £7.5bn energy savings for UK
Retrofitting the UK's building stock with low-carbon solutions could reduce national energy costs by £7.5bn a year, create more than 150,000 jobs over a 10-year period and cut carbon emissions by 20%, MPs have been told.
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.
Dixons Carphone plots path to net-zero supply chain emissions
After pledging to become a net-zero business by 2040, Dixons Carphone has announced plans to help its 10,000 suppliers measure and reduce their climate impact.
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.
Green recovery could deliver 1.2 million construction and manufacturing jobs
More than one million green manufacturing and construction jobs could be created in the UK, if the Government introduced enabling policies, new data has found.
'Green bus revolution': UK to ban diesel bus sales and boost electric and hydrogen fleets
The UK Government has committed to ending the sale of new diesel buses and increasing sales of British-built, zero-emission models, in a move that should help tackle climate change and air pollution.
What does sustainable business leadership look like in 2021? edie publishes results of flagship survey
edie has today published a comprehensive report breaking down exactly what 'business leadership' looks like as the UK strives to build back from the coronavirus pandemic through a green recovery focused on low-carbon ambitions and a just transition.
Shipping industry backs $5bn decarbonisation moonshot
The global shipping industry has given "full and unequivocal" support to a "moonshot" submitted by various national governments that would create a $5bn fund to reduce the carbon impact of the sector.
Report: Cumbria can create 9,000 green jobs by 2035, without a coal mine
Proponents of Cumbria's proposed coal mine often point to its potential to create 500 new roles. But the county could create thousands of jobs and attract billions of pounds of investment if it opts, instead, to expand low-carbon sectors.
Cut taxes for low-carbon heating, energy efficiency and EVs, CBI urges
Chancellor Rishi Sunak is planning to outline a string of tax changes later this month, with the Confederation of British Industry (CBI) urging him to use the moment to support the net-zero transition.
P&G brand Ariel targets completely decarbonised laundry value chain by 2030
One of Procter & Gamble's (P&G) biggest brands, Ariel, has unveiled a new brand ambition headlined by a vision to "reinvent" for decarbonisation at all parts of the laundry value chain.
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.
British American Tobacco targets carbon-neutral value chain by 2050
British American Tobacco (BAT) has updated an ambition of becoming carbon neutral across its business by 2030 to now account for its entire value chain by 2050.
Ed Miliband criticises Government decision to 'axe' Industrial Strategy
Shadow Business Secretary Ed Miliband has criticised a decision from the Department for Business, Energy & Industrial Strategy (BEIS) to archive the flagship Industrial Strategy, joining concerns from green groups that the decision could dent business and policymaker relations.
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.
Morrisons to source exclusively from net-zero British farms by 2030
Morrisons has revealed an ambition to become the first UK supermarket to use only farms certified as net-zero when sourcing products and ingredients from British suppliers.
Anthesis targets three gigatons of carbon mitigation and removal by 2030
Impact investor and consulting firm Anthesis is aiming to support projects that collectively avoid, reduce and remove three billion tonnes (three gigatons) of carbon by the end of the decade.
Microsoft and Chevron partner on bioenergy and carbon capture project
Oil and gas major Chevron is collaborating with Schlumberger's New Energy arm and Microsoft to develop a major bioenergy plant with carbon capture and storage (BECCS) in California.
Daimler prices €1bn green bond to help finance EV transition
Mercedes-Benz's parent company Daimler has priced its second major green bond at €1.02bn, with funds set to be spent on delivering its climate and electric vehicle (EV) targets.
Goldman Sachs pledges net-zero supply chain by 2030, financed emissions by 2050
Goldman Sachs' chairman and chief executive David Solomon has updated the firm's sustainable finance commitments to target net-zero financed emissions by 2050.
Sector by sector: What are the key ingredients to achieve a green recovery?
Over the past 12 months edie has collected data and spoken to leading sustainability and energy experts on how key UK sectors can achieve a green recovery from the coronavirus pandemic. Here, edie summarises some key themes found in our detailed sector insight reports.
Molson Coors unveils bottles with 90% lower carbon footprint
The Molson Coors Beverage Company is rolling out new glass beer bottles that have reduced the carbon emissions associated with production by up to 90%.
UK Government has 'no plan' for reaching net-zero, MPs warn
Almost two years after enshrining the 2050 net-zero target in UK law, cross-party MPs have heard evidence that the Government still lacks a credible plan for delivery.
Coty partners with LanzaTech to use captured carbon in perfumes
US-based beauty giant Coty has forged a partnership with LanzaTech, whereby carbon captured using the firm's technology will be used to manufacture fragrance ingredients.
FedEx commits to carbon-neutral global operations by 2040
FedEx has pledged to transition to carbon-neutral operations globally by 2040, earmarking new finance for electric vehicles, more sustainable aircraft and carbon sequestration.
Meet edie's 30 Under 30 Class of 2020: Dominic Pybus, UK Parliament
This new series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Up next: UK Parliament's energy manager Dominic Pybus.
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.
Budget 2021: Businesses and charities make last-minute calls for green funding to Rishi Sunak
With the 2021 Budget being announced on Wednesday (3 March), Chancellor Rishi Sunak is facing mounting pressure over the Green Homes Grant, National Nature Service and other green policy decisions.
'Tech Zero taskforce': UK tech firms to inform Government's net-zero approach
Fast-growing UK tech firms including Bulb, Starling Bank and Olio have formed a new taskforce that will inform the government's green policymaking and garner industry support ahead of COP26.
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 Net Zero Business Podcast: Inside Ella's Kitchen's climate action plans
In response to the accelerated pace at which businesses are examining and setting net-zero targets to help alleviate the climate crisis, edie has launched a spin-off of the Sustainable Business Covered podcast. Up next, we speak to Ella's Kitchen chief executive Mark Cuddigan.
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.
Morgan Sindall targets net-zero emissions by 2030
The Morgan Sindall Group is the latest construction company to commit to reaching net-zero emissions, aiming to reach that milestone by 2030 at the latest.
New report: What role can the public sector play in delivering a green recovery?
edie has this week published the latest in a new series of reports looking at how businesses from key sectors can respond to the challenges of the coronavirus pandemic by focusing on a green recovery. This time, the focus is on the public sector.
600 business giants form new network on climate resilience and adaptation
Businesses with combined annual revenues of more than $3trn, spanning a range of the global economy's biggest sectors, have formed a new network aimed at helping the private sector work with cities and governments to build climate resilience.
UK introduces new mandate on sustainable petrol blends
The UK Government will mandate the introduction and use of a new blend of petrol containing up to 10% sustainable bioethanol from September this year.
Etsy commits to net-zero emissions by 2030
Online retailer Etsy has pledged to "deepening its commitment to a sustainable future" by setting science-based targets and pledging to reach net-zero emissions by 2030.
Greggs targets carbon neutrality and improved diversity through new sustainability pledges
Food retailer Greggs has unveiled a new set of sustainability commitments that will see it become a carbon-neutral business, use 100% renewable energy, reduce packaging waste by a quarter and improve workforce diversity.
Mission Possible: Achieving a green recovery for the public sector
edie's Mission Possible campaign has evolved to focus on the green recovery, with a new series of reports outlining the challenges that businesses in key sectors face in relation to the coronavirus pandemic, and the opportunities that the green recovery will bring. Up next, the public sector.
Hydrogen: Is UK policy and industry at a tipping point?
Recent weeks have seen influential bodies urging the Government to publish the Hydrogen Strategy sooner rather than later. In tandem, announcements have been made about hydrogen-powered homes and vehicles. So, is the UK's hydrogen revolution about to begin?
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.
Green skills gap 'could derail net-zero', major UK construction firms tell Government
Representatives from more than a dozen major construction organisations have urged the Government to do more to close the existing green skills gap and to improve the skills pipeline, lest it risk missing its 2050 net-zero target.
British Gas targets fully electric fleet by 2025
British Gas has placed what it claims is the largest order of electric vehicles (EVs) by a UK business to date, after bringing its target for full fleet electrification forward to 2025.
Carlsberg's recycled bottles and Lidl's EV chargers: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
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.
WeTransfer turns to offsets to achieve carbon-neutral certification
Digital file transferring service WeTransfer has confirmed it has achieved carbon neutral status, following a pledge to reduce emissions by 30% by 2025 that was set last year.
London, Tees Valley and County Durham residents call for better support for green jobs
The organisers of citizens' climate juries in London and North East have revealed their key calls to actions for Mayors, councils and the central government, including job creation in low-carbon sectors and a longer-term alternative to the Green Homes Grant.
Maersk accelerates plans for carbon-neutral shipping
Danish shipping giant Maersk is aiming to launch its first carbon-neutral liner vessel in 2023 - seven years earlier than initially planned.
Royal Mail to install fuel-efficiency-boosting tech across its fleet
Royal Mail will install technology systems designed to improve efficiency and reduce emissions across the majority of its fleet - which is one of the UK's biggest - over the next six weeks.
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 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.
Climate Pledge: 20 businesses including IBM and Iceland Foods join Amazon's net-zero commitment
Tech giant IBM, supermarket Iceland Foods and food supplier Cranswick are among the 20 new signatories of Amazon and Global Optimism's Climate Pledge, which requires members to target net-zero by 2040 at the latest.
EV100: Businesses doubled electric vehicle roll-outs in 2020
Businesses involved in The Climate Group's EV100 initiative have collectively rolled out more than 169,000 electric vehicles (EVs), with 89,000 having been rolled out in 2020 alone.
#SustyTalk: National Grid's Duncan Burt on COP26 preparations
edie's #SustyTalk interview series continues with an exclusive discussion with National Grid Group's director for COP26, Duncan Burt.
Jaguar to switch to fully electric vehicle portfolio by 2025
Jaguar Land Rover (JLR) will stop producing petrol and diesel vehicles under its Jaguar brand by 2025 and switch to electric-only models, as part of a sweeping new business strategy.
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.
UK oil major backs new waste-to-jet-fuel plant
Essar Oil UK Limited, which produces more than 16% of the UK's transport fuels, has announced a new joint project to bring a waste-to-jet-fuel plant online near Liverpool.
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.