Natural Capital Committee: Environment Bill updates must stop businesses destroying nature
The UK Government must "urgently" help large businesses to value the natural resources in their value chains and to promote conservation and restoration at scale, the Natural Capital Committee (NCC) has concluded.
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.
Natural Capital Committee: UK failing on promise to leave nature better for the next generation
The quality of the UK's soil, freshwater and marine habitats has declined in recent years, meaning that the Government is likely to fail to meet its long-term environmental promises without a step-change in action.
Common Agricultural Policy to remain part of EU's biodiversity funding, despite criticism
The Common Agricultural Policy (CAP), voted on this week in the European Parliament and Council, will remain by far the biggest funding source for biodiversity protection schemes at EU level, despite claims that it has encouraged intensive and damaging farming.
CDP: Paris Agreement alignment could cut climate change costs by two-thirds
The mean damage costs of climate change will reach $5.4trn annually by 2070 and "spiral" to up to $31trn per year by 2200 if the global temperature rise hits 4.4C by the end of this century - which it will unless 'business-as-usual' is transformed.
$500bn per year needed to halt nature loss and boost biodiversity, nations and businesses told
A coalition of more than 140 nature conservation groups is calling on governments and businesses to ensure that $500bn of funding is provided annually to protect, restore and create habitats.
Climate warriors and the race to net-zero
A new team within KPMG is trying to do its bit in contributing to the fight against the climate and biodiversity crises: the KPMG Climate Warriors. edie spoke to sustainability director, Richard Betts, who started the new group end of last year and is based in Istanbul, Turkey.
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.
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.
Defra unveils natural capital 'assessment' funding as post-Brexit green recovery shapes up
Environment Minister George Eustice has announced a new £5m Natural Capital and Ecosystem Assessment to protect the UK's environment as part of a new package of Environment Bill measures, on the same day that the Government unveiled a £16m sustainable farming package in South America.
Yorkshire Water and Birds Eye to support carbon-capturing 'pop up rainforest'
A new business collaboration in the Humber region looks set to create a "pop up rainforest" that will help farmers plant a diverse range of cover crops that will capture carbon, reduce flooding risk and improve soil health.
UN: Finance giants must urgently set biodiversity targets and aim for 'net-positive'
Despite the continued trends towards divestment from big emitters and investment in low-carbon technologies, the world's biggest finance firms are failing to address biodiversity loss caused by organisations within their portfolios.
#SustyTalk: Ecover's Tom Domen on nature restoration and the refill revolution
edie's #SustyTalk interview series continues with Ecover & Method's head of long-term innovation Tom Domen outlining the firm's decision to grant £500,000 to nature restoration projects.
25,000 jobs could be created through nature investment, charities tell Treasury
By providing funding for 330 "shovel-ready" nature restoration projects, the UK Government could create 10,000 jobs in the short-term and a further 15,000 in the long-term, while putting itself on track to meet key climate, biodiversity, tree planting and wellbeing targets.
Commit to nature restoration in your green Covid-19 recovery plans, businesses urged
Businesses including Danone and Unilever have pledged to work with governments to reverse nature loss as part of their Covid-19 recovery plans, following a call to action from NGOs and trade bodies.
Gucci cuts negative environmental impacts by two-fifths
Luxury fashion house Gucci has reduced its overall negative impact on the environment by 39% since 2015, putting it on track to exceed its 2025 target of a 40% reduction.
Defra backs natural capital investment projects
Four projects focused on protecting and restoring natural habitat across the UK are being backed by Government funding as part of a pilot scheme to funnel more private sector investment into the natural environment.
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.
Yorkshire Tea achieves carbon-neutral certification for operations and products
Yorkshire Tea has announced that all its products are carbon neutral from field to shelf, following a five-year programme to reduce emissions across its supply chain and operations.
Coronavirus: Environmental charities braced for long-term financial turmoil
Nature and conservation charities have expressed concern that the Government's £750m aid package for charities will not be enough to stop the impacts of the coronavirus outbreak from stifling efforts to tackle climate change and protect nature over the coming years.
Positive Luxury: In the 'year of nature', greenwashing and incremental improvements won't cut it
EXCLUSIVE: As businesses strive to tackle the intertwined climate and resource crises, they must place nature and biodiversity at the centre of all financial considerations in 2020, a new forecast featuring input from Paul Polman, WWF and Paul Hawken warns.
Environmental net gain: An enduring development concept for resilient legacies
Chair of the Environmental Industries Commission's Natural Capital taskforce on why we should move towards environmental net gain.
Fresh funding for initiative to help investors support sustainable fashion
Laudes Foundation, Brenninkmeijer family's recently-launched philanthropic organisation, has backed a project working to engage investors with sustainable fashion, in a bid to scale up low-carbon, resource-efficient materials and business models across the global sector.
Nature loss to rock global economy by £8trn by 2050
The UK is set to take an annual economic hit of at least £16bn through the destruction of natural ecosystems, with global costs set to spiral to almost £8trn by 2050, a new WWF report has warned.
Green Economy Tracker: New digital tool aims to help nations transition to greener economic systems
The Green Economy Coalition - an alliance of big-name businesses, NGOs and researchers - has today (23 January) unveiled a new tool which will help nations measure and accelerate their transitions to economic systems which are more environmentally friendly and socially fair.
Flooding and coastal damages risking £12bn to UK economy
Rising sea levels, storms and flooding driven by climate change has placed more than £12bn of the UK's economy at risk, according to new findings from WWF which warns that almost 2.5 million homes in the UK will be at risk of flooding by 2050.
Gucci boss calls on business leaders to deliver net-zero supply chains
Gucci chief executive Marco Bizzarri has called on business leaders to sign up to a Carbon Neutral Challenge that sees businesses deliver greenhouse gas emissions reductions across their entire value chain in order to achieve net-zero emissions.
'To truly embed sustainability, businesses must redefine value itself'
EXCLUSIVE: As ever more companies strive for sustainability which stretches beyond the confines of a separate CSR department, they will need to explore ways to define success beyond monetary value.
Deposit return schemes and biodiversity net-gain: Raft of new policies unveiled in Environment Bill
The UK Government has launched its new governance system on issues covering clean air, waste management and plastics pollution, natural capital approaches and water stewardship, in the form of the long-awaited Environment Bill.
UK needs sustainability act to avert economic collapse, says IPPR
Britain needs an overarching new sustainability law to bolster natural life-support systems and prevent economic and social collapse, according to proposals from one of the country's most influential left-wing think tanks.
UN launches Green Finance Platform to improve banks and business interactions
The UN's Green Growth Knowledge Platform (GGKP) has launched two new platforms to improve the dialogue and actions between the finance sector and businesses in order to accelerate the growth of green finance.
Michael Gove backs comprehensive 'all-in' deposit return system for plastics
Environment Secretary Michael Gove has publicly backed a deposit return system for plastic containers, irrespective of size, while also warning that time is running out to avert the climate emergency.
Swarovski turns to natural capital accounting to measure environmental impact
Jewellery giant Swarovski has calculated the monetary value of the natural resources used to produce its namesake crystals, in a move towards its overarching aim to supply "the world's most transparent crystal".
Natural Capital Committee: Biodiversity net-gain must not rely on offsetting
The UK Government's independent advisor on natural capital has criticised proposals put forward by the Department for Food, Environment and Rural Affairs (Defra) that would require developers to pay for biodiversity offsets in other regions if their projects result in habitat loss.
Three-quarters of UK FTSE All-Share firms 'highly dependent' on natural capital
Almost three-quarters (74%) of UK businesses listed on the FTSE All-Share Index have been dubbed "potentially highly dependent" on natural resources such as clean air, water and soil in a new study on nature-related business risks.
The Big Brexit Questions podcast: What next for the UK's natural capital?
With Brexit discussions set to resume as MPs return to Parliament after an 11-day Easter break, edie's new podcast mini-series explores the impact of Brexit on key areas of the UK's green economy. Up next: Natural capital.
Report: Failure to implement clean air laws cost EU €24bn in 2018
By failing to meet targets and regulations set out in EU environmental laws, Member States collectively cost the bloc's economy almost €55bn last year, a new report from the European Commission's Directorate General for the Environment has found.
Time for business to learn about the birds and the bees
Climate change is finally making headlines the world over with a level of urgency to make people sit up and listen. This focus is desperately needed, but the irony is that it could also be our undoing as we become increasingly blinkered to the perilous state of broader natural systems.
BNP Paribas aligns with SDGs and Paris Agreement in new sustainability strategy
French banking giant BNP Paribas has outlined its latest strategy to accelerate its commitment to sustainable development.
'The £1bn challenge': Natural capital investment project launched in Scotland
The Scottish Environment Protection Agency (SEPA) and the Scottish Wildlife Trust have teamed up to launch a new project aiming to attract £1bn of investment in protecting the nation's natural capital.
Water companies urged to 'up their game' on pollution and natural capital through to 2025
The UK water sector has stepped up its environmental ambition in the current business planning period, but gaps remain when it comes to reducing sewage pollution incidents and factoring in the value of natural capital.
When boards approve fake profits, society picks up the tab
To tie in with his appearance at edie's Sustainability Leaders Forum, Earth on Board's Founder and CEO Philippe Joubert discusses why businesses should consider their true profits.
Finance firms must adopt a natural capital approach to risk, PwC warns
In the face of climate challenges, most financial service providers are still failing to assess the extent to which environmental degradation could pose financial risks to their firms, PwC has warned.
Corporates 'set to lose $1.6trn' without action on natural capital
FTSE100 firms face collectively losing $1.6trn of market capital if they fail to adopt a natural capital approach to decision-making, by assigning a monetary value to natural resources.
Investors urged to act on natural capital to help halt climate change
The investment sector has been urged to assess their impacts and dependencies on natural capital resources - such as clean air, oceans and forests - in the wake of the Intergovernmental Panel on Climate Change's (IPCC) landmark report on global warming.
Business giants launch new natural capital metric
A global network of big-name companies including Mars, Asda and Primark have today (July 11) unveiled a new set of metrics to help other organisations identify, measure, and value impacts and dependencies on natural assets, raw materials and natural infrastructure.
Dow generates £90m from natural capital projects
The Dow Chemical Company (Dow) has continued to prove the business case for measuring impacts on nature, generating almost £90m ($120m) from putting an economic value on natural resources in 2017.
What does ‘New Power’ mean for business?
I've attended a couple of events recently where some particularly strong themes were evident. Everything came back to fundamental shifts in power and the trend towards participation and collaboration - all intrinsically linked and it's since led me to reflect on what this all means for business.
The Essential Eight: edie launches supply chain sustainability handbook
Sustainability and CSR professionals looking to implement best practice to drive sustainability into the supply chain now have access to a new 'handbook' which provides expert advice and insight to tackle eight essential areas of supply chain management.
The Supply Chain Sustainability Handbook
This handbook outlines eight essential opportunities that businesses can seize upon now to drive supply chain sustainability. Each page of the handbook provides an overview of the opportunity, supplemented by top tips, ‘in action' case studies and expert comments from businesses that will be represented at edie's Sustainable Supply Chains 2018 conference in June.
Paving the way to a better built environment
Construction businesses lie at the juncture of some of the world's most pressing environmental and societal challenges. Here, the UK Green Building Council's chief executive Julie Hirigoyen charts the progress being made across the industry in the key areas of climate change, resource use, nature and biodiversity, health & wellbeing and socio-economic impact.
Safeguarding the environment to future-proof our economy
As a Corporate Responsibility & Sustainability professional I couldn't not respond to the UK's shiny new 25 year Environment Plan this month, which sets out how the UK will tackle the crisis facing our natural world.
The 25 Year Environment Plan: reasons to look on the bright side
After months of anticipation the UK's 25 Year Environment Plan was launched yesterday. Unlike some others, I believe it is a positive step. These are my top reasons to look on the bright side:
25-year Environment Plan: Seven key talking points for sustainability professionals
With the dust settled on the launch of the Government's plan to improve the environment over a generation, edie has taken a look at seven key measures that could have the biggest impact on those in the sustainability and energy management community.
Michael Gove: UK to reward farmers for environmental practices post-Brexit
Michael Gove will indicate that the UK will replace the Common Agricultural Policy (CAP) post-Brexit with a system that gives subsidies to farmers who try to enhance the natural environment.
Redrow targets biodiversity 'net gain' at new developments
UK housebuilder Redrow has announced that a "net gain" approach to biodiversity will be adopted across all new developments, following a trial period that successfully enhanced the ecological land value of certain projects.
Now for clean growth – let’s hope it’s real this time
If, like me, you're downloading a burgeoning number of Government reports committing us to clean growth, low carbon infrastructures and greater disclosure on climate risk, you'll either be feeling 'at last, the tide has turned'; or suspending your lingering cynicism about commitments to the green economy. Is it all real this time?