The Paris Agreement
Major investors to pilot new net-zero framework on $1.3trn of assets
Standard Life and the Church of England Pensions Board are among a coalition of investors trialling what has been described as the world's first blueprint for aligning investment portfolios with the Paris Agreement on climate.
Private equity investors launch Paris-aligned climate disclosure framework
A group of private equity investors have launched an international network committing to engage with corporates in reducing carbon emissions in line with the needs of the Paris Agreement.
Morgan Stanley to disclose climate impact of investments
Morgan Stanley has become the first US-based global bank to commit to measuring and disclosing the environmental impact of its investment portfolio and loan offerings and will join a global partnership to drive climate action across the global accounting sector.
Coronavirus: EU's recovery deal lacking climate spending accountability, green groups warn
Following four nights of negotiations, the European Union (EU) has agreed its biggest joint borrowing plan ever recorded, pledging €750bn to a coronavirus recovery package, but green groups have expressed concerns that focus and accountability on green spending have "taken a battering".
We Mean Business Coalition urging members to target net-zero by 2040 under new Amazon partnership
More than 1,200 businesses will be encouraged to set and supported to deliver against net-zero targets deadlined no later than 2040, after We Mean Business Coalition partnered with Amazon.
WBA: Less than 10% of electric utilities are taking Paris-Agreement-aligned climate action
Analysis of the decarbonisation ambitions and actions of 50 of the world's largest electric utilities companies has revealed that less than one in ten have fully aligned their business models with the Paris Agreement, despite the fact that the sector must 'enable' the global low-carbon transition.
Sport broadcasters form new sustainability consortium
BBC, ITV, BT Sport and Sky Sports are some of the key broadcasters that have joined the BAFTA Sports Consortium, a new group set up to reduce the impact that sports broadcasting has on the environment.
Equinor to deliver world's largest at-scale hydrogen from carbon capture plant in Hull
Equinor has unveiled plans to develop the world's largest plant capable of converting natural gas to hydrogen in combination with carbon capture and storage (CCUS), as part of the zero-carbon industrial hub located in the Humber region.
Kimberly-Clark vows to halve emissions by 2030
Kimberly-Clark has pledged to halve its direct, power-related and supply chain emissions by 2030, as part of a string of new climate targets approved by the Science-Based Targets Initiative (SBTi).
'Happy Birthday, you haven’t aged a day’: One year on from the UK’s net-zero announcement
It's been one year since the UK's historic net-zero announcement, and the movement is being kept afloat by the corporate sector in a year the has seen policy blindsided by a global pandemic and slowed to a frustrating pace by Brexit.
Luton Airport to become 'most sustainable airport' by 2040
London Luton Airport has revealed an intention to become the UK's "most sustainable airport" by 2040, claiming that a planned expansion can be delivered in line with the ambitions of the Paris Agreement.
Rolls-Royce commits to net-zero carbon operations by 2030
Manufacturing giant Rolls-Royce has announced an intention to become a net-zero carbon business by 2030, alongside a wider ambition to enable sectors it sells to in becoming net-zero by 2050.
Investors worth €11trn call for European green recovery from Covid-19 pandemic
More than 100 investors have written to European business and finance leaders, calling on them to ensure the delivering of the bloc-wide Green Deal and deliver a green recovery from the coronavirus pandemic.
Net-zero must be at the heart of the business response to restoring the health of nature
World Environment Day 2020 aims to trigger action to protect and restore the health of nature around the world. This couldn't be more timely. Whilst evidence abounds showing that nature is bouncing back due to less human activity resulting from Covid 19, the statistics are still alarming.
Race to Zero: COP26 campaign launched to push nations towards net-zero targets
To mark World Environment Day, the UK Government has launched its "Race to Zero" global campaign to mobilise support for the net-zero transition across businesses, cities and nations, with new data finding that 53% of global GDP is covered by a net-zero ambition in some form.
Fossil fuel profits set to collapse by two-thirds
The global market value of fossil fuels is set to collapse by almost two-thirds, creating heightened economic risk for companies, financial markets and countries failing to embrace new low-carbon technology.
EU urged not to mess with UN aviation rules
Leading MEPs have asked the European Commission and Council not to seek changes to the UN's global aviation scheme, which is aimed at making the industry carbon neutral. Airlines have requested more leeway to ride out the coronavirus outbreak slump.
Boris Johnson confirms new COP26 date, urges nations to focus on green recoveries
Prime Minister Boris Johnson has reiterated a desire for the UK to deliver a "sustainable" recovery from the coronavirus pandemic in a way that brings together key international nations to reach the ambitions of the Paris Agreement and the Sustainable Development Goals (SDGs).
'Use it or lose it': Pandemic recovery a decisive moment for climate action
A new report from global analyst firm McKinsey has found that recovery packages from the coronavirus pandemic will be decisive in putting the world on course to meeting the Paris Agreement, calling for low-carbon technologies and solutions to be prioritised.
Reports: COP26 to be delayed until November 2021
Reports have emerged that the UK Government has put forward the first two weeks of November 2021 as new proposed dates for the crucial COP26 climate conference, citing concerns over the state of international travel safety due to the coronavirus.
Business giants failing to disclose climate-related risks
Europe's largest businesses are failing to provide relevant climate-related data to investors, which could jeopardise the European Union's aims to deliver a "just" carbon-neutral transition by 2050.
Business giants call for science-based green economic recovery
More than 150 business giants, including Carlsberg, H&M and Pernod Ricard, with a combined market capitalisation of more than $2.4trn, have signed a joint statement calling on all governments to align coronavirus economic responses to climate science.
Carbon price: Tax polluters not people to assist coronavirus recovery, report urges
Carbon pricing aligned to the needs of the Paris Agreement can raise revenue to support the coronavirus recovery in a better way than a tax on income or labour, new research by the Grantham Research Institute on Climate Change and Environment at the London School of Economics and Political Science (LSE) has found.
Oil and gas giants overstating net-zero ambitions, study finds
Recent announcements from European oil and gas majors such as Total, Shell and BP to commit to net-zero aren't actually aligned to the required, science-based cuts to emissions to reach net-zero or the 1.5C target of the Paris Agreement, new research has found.
Law firm Slaughter and May's carbon goals approved by SBTi
Legal giant Slaughter and May has confirmed that a goal to reduce emissions by 50% by 2030 has been approved by the Science Based Target initiative (SBTi) as aligned to the 1.5C ambition of the Paris Agreement.
Financiers join EU 'green recovery alliance'
More than 50 CEOs from the banking and insurance sector - including household names such as BNP Paribas, AXA, Allianz, and Santander - have joined the "green recovery alliance" in the European Parliament.
Total commits to net-zero emissions by 2050 following investor pressure
Global energy company Total is the latest in the sector to commit to net-zero emissions, setting a target for 2050 or sooner after extensive engagement with a climate action investor coalition.
World GBC's 'Paris proof' buildings and Abu Dhabi's low-cost solar: 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.
EU lawmaker puts 65% emissions cut on the table
The European Parliament is gearing up for tough talks on the EU's climate target for 2030, with a 65% emissions cut now firmly on the table.
Messages of hope: How world leaders are rallying for a green Covid-19 recovery
The two-day Petersberg Climate Dialogue finished yesterday evening, with ministerial leaders from the UK, Germany, the EU and the UN all delivering rallying cries for nations to focus on climate mitigation as part of any efforts to stimulate the economic downturned caused by the coronavirus outbreak.
EU's climate strategy can spur 'just' and resilient labour market
On the eve of the release of the EU's recovery strategy, a group of business leaders have called for the bloc's climate-neutral target to be coupled with a "just transition" that could deliver job growth against future climate, demographic and technological megatrends.
Barclays and HSBC blasted over £158bn fossil fuel financing
Banking giants Barclays and HSBC have been accused of financing a combined £158bn into the fossil fuel sector since the signing of the Paris Agreement in 2015, despite both organisations pledging to ramp up sustainable investment portfolios.
Alok Sharma: 'Focus has not stopped' on global climate action
The Secretary of State for Business, Energy and Industrial Strategy (BEIS), Alok Sharma had stated that the UK remains focused on preparations for the delayed COP26 climate summit, claiming that nations can't treat the coronavirus pandemic and climate action as an "either-or" scenario.
Refinitiv, JLL and Ball unveil 1.5C science-based carbon commitments
Refinitiv has committed to setting science-based targets to reduce emissions in alignment with the Paris Agreement, while manufacturer Ball and real estate firm JLL have confirmed that their targets have been approved by the Science Based Targets initiative (SBTi).
Six key areas of focus for sustainability professionals during lockdown
It's been almost a month since the UK Government introduced lockdown measures in response to Covid-19 and has since announced a further three-week extension to social distancing. As such, edie offers some best-practice advice for sustainability professionals to keep focusing on the climate battle during the pandemic.
IRENA: Renewables transition to boost global economy by $98trn
With the global economy set to slump to its lowest output for more than a century, nations can spur a global economic recovery by delivering a renewables-based energy transformation that could boost cumulative global GDP gains by more than $98trn compared to a 'business-as-usual' trajectory.
Evian achieves carbon neutral certification globally
Danone-owned bottled water brand Evian has confirmed it has achieved carbon neutral certification across all the countries where the brand operates, following efforts to improve the efficiency of facilities and logistics and reducing lifecycle emissions of its bottles.
Pearson to halve value chain emissions as part of approved science-based target
Learning and education company Pearson has had targets to halve its operational and value chain emissions by 2030 approved by the Science Based Targets initiative (SBTi).
Royal Dutch Shell commits to net-zero emissions by 2050
One of the world's largest emitters, Royal Dutch Shell, is set to announce plans to become a net-zero emissions business by 2050 at the latest at its Responsible Investment Annual Briefing today (16 April).
LG's solar arm targets carbon neutrality by 2030
LG Electronics' solar division has unveiled a new strategy of measures that will enable the business to become carbon neutral by 2030.
UK's climate watchdog to refocus advisory reports to account for coronavirus impacts on net-zero
The Committee on Climate Change (CCC) has announced it is amending its advisory reports due for publication over the next 12 months to account for responses to the coronavirus pandemic, with a report on the UK's sixth carbon budget pushed back to December.
Lockdown screening: 8 of the best film recommendations for sustainability and energy professionals
With many edie readers searching for something to watch in the safety of their own home, we've pulled together a list of the top films and documentaries to get lost in during lockdown – as recommended by sustainability and energy professionals across the country.
MPs call for climate policy clarity on COP26 progress following postponement
The chair of the Environmental Audit Committee (EAC) has written to COP26 President Alok Sharma to seek an update on the "sad but unfortunate necessity" of postponing the climate summit, noting that climate change cannot afford to slip down the political agenda.
COP26 climate summit postponed due to coronavirus
The crucial summit to negotiate for higher ambitions on climate change scheduled for November in Glasgow has been postponed, with new dates for the meeting to be decided in the coming months. However, there are some positives to the delay.
A 'sensible step' and 'opportunity to rebuild': Green economy reacts to COP26 postponement
Green groups have expressed disappointment but understanding that the COP26 climate summit scheduled for Glasgow in November has been postponed until 2021, with many citing the opportunity for countries to accelerate climate action in the meantime.
Equinor leaves US oil and gas industry body due to 'lack of position' on climate policy
Norwegian oil and gas giant Equinor has announced that it is leaving a US oil and gas industry association due to a "misalignment" with the company's new climate commitments and is set to influence other associations to deliver strong climate targets.
Ricoh sets 1.5C science-based target as part of zero-emissions ambition
Japanese electronics firm Ricoh has confirmed that it has had a new target to reduce emissions by 63% by 2030 approved by Science Based Targets Initiative (SBTi) as aligned to the 1.5C ambition of the Paris Agreement.
US clears Exxon and Chevron to dismiss shareholder climate reporting requests
The US Securities and Exchange Commission (SEC) has approved requests from both Exxon and Chevron to reject shareholder proposals that have called on the oil and gas giants to report on how the companies are addressing climate change by aligning to the Paris Agreement.
Link airline coronavirus rescue package to climate targets, campaigners urge
Campaigning groups have called for any Government bailout of airline companies due to the impact of the coronavirus to include conditional links for worker rights, fair taxing systems and transparent action plans on climate change.
Online climate strikes: XR turns to digital activism amid coronavirus pandemic
Extinction Rebellion's (XR) Youth arm has taken its campaign to demand that fossil fuel representatives are excluded from COP26 negotiations online, after pausing mass demonstrations in light of the coronavirus.
Heavy-emitting firms 'off-track' to deliver low-carbon world
More than 80% of the highest-emitting listed companies are failing to deliver emissions reductions aligned to the Paris Agreement's 2C global warming limit, with many companies also failing to account for climate mitigation and risk strategies.
Chanel sets 1.5C science-based targets, pledges 100% renewable energy
Luxury fashion and fragrance giant Chanel has committed to halve its carbon emissions by 2030, under a new 1.5C-aligned set of sustainability targets.
Coronavirus vs. climate change and COP26: What happens next?
The coronavirus pandemic has brought the global economy to a standstill, with some now doubting whether the crucial climate talks scheduled for COP26 will be able to go ahead. So, asks Matt Mace, what impact would delaying the summit have on international efforts to combat the climate crisis?
Global banks 'failing miserably' on climate crisis by funneling trillions into fossil fuels, study finds
The world's largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil fuels since the Paris agreement, new figures show, prompting warnings they are failing to respond to the climate crisis.
UN head: Global action on climate crisis 'way off track'
The world is "way off track" in dealing with the climate emergency and time is fast running out, the UN secretary general has said.
Corporate leaders want decarbonisation as central focus for Europe's Industrial Strategy
Business giants including Unilever, Interface, and Coca-Cola have called for the new European Industrial Strategy to focus heavily on decarbonisation in a way that sets out clear strategies for investment into low-carbon solutions and provides price incentives for new goods and services.
EU debuts climate law 'compass', Greta dismisses it as 'surrender'
The European Commission officially unveiled its Climate Law on Wednesday (4 March), aimed at making the EU carbon neutral by 2050. But Swedish climate activist Greta Thunberg criticised the plan as a "surrender".
Manchester City Council spells out five-year action plan to halve emissions
Manchester City Council hopes to approve a new action plan that would commit to halving the council's carbon footprint by 2025, in assistance with the city's wider ambition to reach net-zero emissions by 2038.
O2 targets net-zero network and operations by 2025
Telecommunications giant O2 has pledged to achieve net-zero across its entire business and mobile network by 2025 - a move it claims will make it the UK's first net-zero mobile network provider.
Vital COP26 climate talks could be derailed by coronavirus
Concern is growing among campaigners that vital UN climate talks will be derailed by the coronavirus outbreak, while government officials are working to find ways round the problem.
'Investing for net-zero must go mainstream': COP26 finance strategy unveiled
The UK has published its COP26 strategy to help private finance support a global economic transition to net-zero emissions, with a heavy focus on exploring mandatory reporting requirements for climate-related data.
Science-based pathway for net-zero emissions established for telecoms sector
The International Telecommunication Union (ITU), the Global e-Sustainability Initiative (GeSI) and the GSMA have forged a new partnership to develop a sector-specific decarbonisation pathway that will outline how all companies in the mobile sector can set science-based targets.
Government won't appeal Heathrow expansion court decision
UPDATED: The UK Government will not appeal a court decision to block the development of a third runway at Heathrow Airport, which was issued in response to climate change concerns and national targets aligned to the Paris Agreement.
Negotiations start on global 'Paris-style' deal to avert Earth's sixth mass extinction
National governments will meet in Rome this week to discuss and reflect on a 20-point UN draft proposal to halt irreversible ecological damage, which looks set to be formally adopted in October.
Financial Reporting Council launches 'major' review of corporate climate reporting
The Financial Reporting Council (FRC) is set to launch a major review into the quality of how companies and auditors are reporting on climate change impacts and risks, including the pace at which the Task Force on Climate-related Financial Disclosures (TCFD) framework has been adopted.
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.
RBS's climate goals and Aldi's plastic bag crackdown: 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.
'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.
Dissecting the challenge: How Sky is approaching its net-zero target
EXCLUSIVE: Sky is facing the daunting task of engaging with 11,000 companies and 24 million customers as part of its new commitment to achieve net-zero emissions by 2030. The group's head of responsible business Fiona Ball outlines how Sky is "dissecting" this target to manage the transformation.
Carbon trading clarity and citizens in the spotlight: What do businesses want from COP26?
With a successor to the COP26 presidency role yet to be announced, all eyes are on Westminster for news on its plans for organising the crucial summit. But - beyond a stable delivery team - what are UK business's big asks of the conference, both in terms of organisation and execution?
Michael Gove urges 'most transparent ever COP' for Glasgow
Former Environment Secretary Michael Gove has laid out his big asks for COP26 preparations and denied rumours that he will replace former Energy Minister Claire O'Neill as the event's president during this week's cabinet reshuffle.
BrewDog to upcycle and trade used cans for company equity
Craft beer firm BrewDog has unveiled a new sustainability action plan that will allow consumers to trade in beer cans for upcycling and recycling in exchange for an equity stake in the company.
Reports: BlackRock and Barclays to act on climate investment calls
As reports emerge that Barclays is set to agree on shareholder calls to phase-out fossil fuel investments, BlackRock has already made strides on its stance to remove fossil fuel firms from its portfolio.
Sustainable Business Covered: Igniting a decade of climate action at the Leaders Forum (Part One)
The edie podcast is brought to you live from our Sustainability Leaders Forum, as content editor Matt Mace speaks to leading sustainability experts from Interface, Diageo, WaterAid and WWF to ask, how will business leadership be redefined during a decade of deliverance?
Report: Heavy industry making "slow progress" on Paris Agreement
A new study has shown there has been slow progress on climate action in high-emitting industries, with just one in five corporates operating in line with a 2C trajectory.
Claire O'Neill removed from COP president position
Former UK energy minister Claire O'Neill will be replaced as the president for the upcoming COP26 climate conference in Glasgow this year, as Prime Minister Boris Johnson prepares to launch a new dedicated strategy for the conference.
Greenwashing 2.0? Defining what it means to be a 'net-zero' business
Net-zero emissions has been scientifically heralded as a necessity to reverse the worst impacts of climate change. But a flurry of recent business commitments to become 'carbon-negative' and 'resource-positive' raises a critical question: does achieving 'net-zero' actually constitute business leadership?
Sainsbury's commits £1bn to become net-zero by 2040
Supermarket retailer Sainsbury's has pledged to invest £1bn over the next 20 years in order to become a net-zero business across its own operations.
Brunel Pension Partnership launches new finance strategy to align with net-zero future
The group overseeing £30bn worth of investments for 10 local government pension scheme funds has pledged to align its management practices with the Paris Agreement.
Church of England and Generali join UN's Net-Zero Asset Owner Alliance
The Church of England and insurance firm Generali are the latest organisation to sign up to the UN's Net-Zero Asset Owner Alliance, a coalition with more than $4.3trn in assets under management attempting to engage with corporates to reach net-zero emissions.
'Neutral is not enough': Microsoft pledges to become carbon-negative by 2030
Tech giant Microsoft has today (16 January) unveiled a bold new plan to reduce its carbon impact to below net-zero by 2030, with an additional goal of removing carbon from the atmosphere that the company has emitted since it was founded in 1975.
BlackRock's Larry Fink to CEOs: 'Purpose is the engine of long-term profitability'
BlackRock's chief executive Larry Fink has warned businesses that a "fundamental reshaping of finance" is happening at pace and that businesses need to put climate action at the heart of decision-making processes in order to remain profitable.
Sustainability 2.0: Welcome to a decade of deliverance
The 2010s laid bare the severe climate issues facing the world and the shrinking timeframes to fix them. Combatting climate change is a daunting task, but corporate ambitions and societal expectations have created a platform to ignite a decade of deliverance towards a decarbonised, closed-loop planet.
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.
A decade in review: Vote for the defining sustainability moment of the 2010s
As the 2010s draw to a close, edie has analysed the key moments and announcements that push sustainability and climate action from a niche activity to a global necessity. Cast your vote to decide which of the seven moments was most profound.
Shell links $10bn credit facility to low-carbon progress
Royal Dutch Shell is linking the interest and fees paid on its new $10bn (£7.5bn) revolving credit facility to progress against its carbon targets.
'A far cry from what science tells us is needed': COP25 reaches 'disappointing' conclusion
Green campaign groups, UN officials and business representatives have expressed disappointment after two weeks of negotiations at COP25 came to a close today (15 December), almost two days behind schedule.
Temperature check: The 1.5C movement takes shape at COP25
BT's head of environmental sustainability Gabrielle Ginér reflects on her time at the COP25 climate summit in Spain, and why science-based targets are driving the corporate sectors towards the Paris Agreement.
America's Pledge and Europe's Green Deal: What happened on days 8 & 9 of COP25?
COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the last few days of the event.
Greta passes the mic and 1.5C targets surge: What happened during the first week of COP25?
COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the first week of the event.
IEA strengthens clean energy commitments after investor criticism
The International Energy Agency (IEA) has published its first communique in a decade, covering topics including the clean energy transition, after a meeting with world leaders at COP25 in Madrid.
CDP: Corporates could save a gigaton of emissions by championing renewables in supply chains
If key suppliers to the world's largest corporations used 20% more renewable energy than they do at present, one billion metric tonnes of greenhouse gas (GHG) emissions would be mitigated.
Car giants 'driving with the brakes on' towards climate goals, report warns
The world's 25 largest car manufacturers are collectively failing to act in line with the Paris Agreement in terms of both electrifying their portfolios and strengthening climate governance, new analysis from CDO and the World Benchmarking Alliance (WBA) has warned.
VF Corporation sets 1.5C science-based targets
VF Corporation - the fashion giant behind brands including Vans, The North Face and Timberland - has set new science-based emissions targets in line with the Paris Agreement's 1.5C trajectory.
Businesses with science-based targets on course to slash emissions by one-third
Businesses that have committed to aligning their emissions reduction strategies with the aims of the Paris Agreement will spur more than $18bn in climate-mitigation investment and up to 90TWh of annual renewable electricity generation.
Greta's arrival and carbon offsetting clashes: What happened on days 2 & 3 of COP25?
COP25 - the UN's annual two-week-long climate summit - is now well underway in Madrid. Here, edie rounds up all the key news and views from the second and third days of the event.
Report: One in three transport companies aligning with Paris Agreement as investor pressure mounts
A survey of 57 of the world's largest transport companies, including airlines and carmakers, has found that more than one in three (35%) have set emissions targets in line with the Paris Agreement.
Kingspan and Cargill unveil Paris-aligned climate strategies
Construction materials giant Kingspan and agri-food multinational Cargill have both unveiled new science-based emissions targets at the UN's COP25 summit in Madrid.
Repsol targets net-zero by 2050
Spanish oil and gas giant Repsol has committed to becoming a net-zero emission business by 2050, across its own operations and its indirect impacts.
Boris Johnson urged to challenge Trump on climate denial
Boris Johnson is being urged by 350 leading climate researchers to robustly challenge Donald Trump on his "dangerous" and "irresponsible" denial of the risks of climate change during the US president's visit to the UK this week.