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.
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.
Government orders public inquiry into Cumbria coal mine
The Government is set to intervene in the controversial plan to open a new coal mine in Cumbria, with a fresh inquiry as to whether it can be opened while keeping to national climate commitments mooted to take place.
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.
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.
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.
Climate Change Committee calls for rethink on Cumbrian coal mine approval
The Climate Change Committee (CCC) is the latest organisation urging the UK Government to reconsider the planning approval for a new coal mine in Cumbria, warning that it will increase emissions and create a "negative impression" of UK green policy in the build-up to COP26.
Cumbria coal mine: Government won't block UK's first deep coal mine in three decades
Despite pressure from green groups, the UK Government has said it will not intervene in Cumbria County Council's decision to approve a deep coal mine in Whitehaven - the first facility of its kind to gain planning approval in 30 years.
Dewley Hill: Newcastle City Council blocks controversial coal mine
Climate campaigners have expressed relief after an application to turn more than 250 acres of greenbelt land near Newcastle into an opencast coal mine was blocked.
Glencore sets 2050 net-zero target, but won't divest from coal
Swiss multinational mining and materials giant Glencore has set new climate targets headlined by a 2050 net-zero vision, covering all scopes.
Banks and agribusiness linked to biodiversity loss
Some of the world's largest banks have been linked to industries that are causing mass deforestation and biodiversity loss, with some in the finance sector providing loans and underwriting worth more than $2.6trn to climate-wrecking initiatives.
Burger King teams up with TerraCycle for reusable packaging pilot
Burger King will bring reusable coffee cups, soft drinks cups and burger boxes to restaurants in the US and Japan early next year as part of a partnership with TerraCycle.
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.
Businesses including Glencore launch joint bid to improve conditions in cobalt supply chains
A coalition of businesses including Signify, Glencore and Fairphone have launched a joint initiative to improve the economic, working and social conditions of those working in the cobalt supply chain.
BHP to exit thermal coal mining within two years
The world's largest mining company BHP has unveiled plans to sell off its thermal coal mines by the end of 2022, after developing new climate targets last year.
Tesla targets cobalt-free batteries in bid to minimise environmental impact
Carmaker Tesla has unveiled an ambition to use cobalt-free batteries in all of its electric vehicles (EVs), in a drive to minimise the environmental and social impact of its supply chains and boost the longevity and recyclability of its technology.
Why science, society and sustainability will matter more for business post-pandemic
Ball Corporation's President for Beverage Packaging Europe, Middle East & Africa, Ron Lewis outlines his thoughts on why sustainability will continue to be an important boardroom topic post-pandemic, and why a focus on society and the environment will be a focus moving forward.
Ball Corporation achieves ASI certification and meets 100% renewables target
Aluminium packaging manufacturer Ball Corporation has been certified to Aluminium Stewardship Initiative (ASI) standards for environmental, social and governance impacts, while also revealing it is powering its operations in the UK, European Union (EU) and Serbia with 100% renewable electricity.
Rio Tinto sets 2050 net-zero goal - but excludes Scope 3 emissions
Anglo-Australian mining giant Rio Tinto has set a commitment to reach net-zero greenhouse gas emissions across its global operations by 2050, backed with a $1bn investment pot.
World's largest mining firms 'selectively reporting' on positive sustainability progress, report warns
Many of the world's largest mining companies are choosing to omit mentions of their negative environmental and social impacts from their annual report, highlighting and overstating positive impacts instead, a new report has warned.
Glencore slams BP's net-zero target as it outlines measures to cap coal use
The chief executive of coal giant Glencore dubbed BP's 2050 net-zero target "wishy-washy" as he outlined how his firm will tackle scope 3 emissions through to 2035.
'Climate risk is financial risk': TCFD surpasses 1,000 global supporters
The Task Force on Climate-related Financial Disclosures (TCFD) has revealed that more than 1,000 organisations are supporting its recommendations, including corporates with a combined market cap of $12trn and investors with $138.8trn of assets under management collectively.
Climate activist turns down Siemens board role over Australian mine deal
German climate activist Luisa Neubauer has declined an offer from Siemens' chief executive Joe Kaeser to sit on a supervisory board off the firm's new energy business, following controversy over an Australian mining project.
ArcelorMittal Europe outlines plans for 30% carbon reduction by 2030
Steel and mining giant ArcelorMittal Europe has announced plans for a CO2 roadmap to reduce its total emissions by 30% by 2030.
UN: Carbon-intensive businesses will lose trillions as climate policies tighten
Large oil and gas, metals and mining and heavy industry firms are likely to lose almost half (43%) of their value in the next decade, as nations introduce more stringent climate policies.
BHP to switch from coal to renewables at two major mines
Mining and metals giant BHP has unveiled plans to switch to 100% renewable power at two of its largest copper facilities, as it strives to develop science-based emissions targets.
How closed-loop supply chains are spurring Apple's decarbonisation efforts
EXCLUSIVE: Apple's vice president of environment, policy and social initiatives Lisa Jackson believes that companies should look at the synergies between the circular economy and decarbonisation in order to create resilient supply chains.
Responsible Jewellery Council joins UN Global Compact to act on SDGs
The Responsible Jewellery Council has forged a new partnership with the UN Global Compact which will see members such as Swarovski, Tiffany & Co and the De Beers Group, develop actions that align and contribute to the Sustainable Development Goals (SDGs).
Banks representing one-third of global market to align with Paris climate targets
A coalition of 130 banks, representing one-third of the worldwide banking sector, have committed to aligning their actions with the aims of the Paris Agreement.
Apple to upscale sourcing of 'habitat-positive' gold
Apple has revealed that it sourced 1,000 ounces of gold from miners working to restore natural habitats this year, up from just 25 ounces last year.
Meet edie's 30 Under 30 Class of 2019: Olivia Green, Wessex Water
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. Next up: Olivia Green, sustainability coordinator at Wessex Water.
Hard-to-abate no more? BHP, Cargill set new visions for decarbonisation
Mining and metals giant BHP and agri-food multinational Cargill have unveiled ambitious new decarbonisation targets, in a sign that hard-to-abate sectors are beginning to bolster their climate ambitions.
Sandvik: Employees are 'crucial' for embedding sustainability
EXCLUSIVE: As it develops a roadmap for its ambitious new 2030 targets on carbon and resources, engineering giant Sandvik's group head of sustainability believes that input from employees will be "crucial" for making the shifts needed to align with the Paris Agreement.
Webinar: Smart Energy Technologies for Sustainability and Resilience
Businesses across the UK are feeling the sting of rising energy costs, along with Governmental pressures to decarbonise to meet carbon reduction goals. This had led many to seek out effective and affordable methods of reducing energy consumption and carbon emissions.
VW joins blockchain network for sustainable mineral sourcing
German carmaker Volkswagen Group (VW) has joined a collaborative sector initiative aimed at bolstering sustainability and traceability in global mineral supply chains through the use of blockchain technologies.
First deep coal mine in 30 years given go-ahead in Cumbria
Cumbria County Council has granted planning approval for a new coal mine facility, Woodhouse Colliery in Whitehaven, the first of its kind in more than 30 years.
Resource extraction responsible for half world's carbon emissions
Extraction industries are responsible for half of the world's carbon emissions and more than 80% of biodiversity loss, according to the most comprehensive environmental tally undertaken of mining and farming.
The Climate Coach: Transport
It will take you twenty minutes to get there - depending on traffic. Not an unusual statement wherever you live. People design cities and communities and yet often it is people that seem to be least considered as most of the space for movement is taken up by cars, vans and lorries. Pedestrians are pushed to the side and cyclists must brave traffic with a risk for their lives.
Machine makers are leading the way to low-carbon
With regulators and markets increasingly demanding the decarbonisation of high-emitting sectors, we are on the verge of a low-carbon industrial revolution. However, to get over the line the products and services supplied to these sectors need to transform.
Green fleets: Harnessing the electric vehicle revolution
This one-hour webinar will explore how businesses across the country are embracing the unstoppable rise of electric vehicles to reduce emissions, incentivise employees and cut costs.