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UK’s environment sector struggling to improve racial diversity, survey finds

…56% surge in organisational participation regarding data transparency, along with a 63% increase in the number of employees included, compared to the initial report in 2022. Moreover, this year’s report…

Ørsted scales back renewable energy targets, prepares to trim jobs

…price for offshore wind under the CfD scheme. Furthermore, a shift is coming for offshore wind developers in the UK. Starting in 2025, they will be compensated not only for…

Government to ban bonuses for polluting water firms

…to address poor performance by water companies, which is why I am pleased Ofwat is going further today on bonus payments. “In cases where companies have committed criminal breaches, there…

Government rejects calls from MPs to boost net-zero reporting requirements

…embed environmental improvements into finance and across the wider economy. But this is no time for any complacency: the Committee warned in November that mixed signals from Government in terms…

Programme to scale corporate science-based targets for nature reaches milestone

…programme was initiated with a group of companies commencing testing in the previous year. This year, the programme has been joined by a new cohort of 24 companies. Among them…

‘Embarrassing failure’: UK ranks last in green spending among major European economies

…dust in the race on green technology, we’re also doing terribly compared to our European neighbours.” Recent research revealed that nearly two-thirds of UK energy companies have either shifted or…

Big businesses accused of undermining net-zero commitments with excessive air travel

Conducted by the NGO Transport & Environment (T&E), the analysis looked into the transport-related emissions commitments plus the emissions footprint of 328 companies across the US, Europe and Asia. Just…

National Grid unveils £60bn investment plan to turbocharge net-zero power grid

…will require joined-up action from government, regulators and communities to deliver the infrastructure by 2035. The announcement comes just days after Energy Security and Net-Zero Secretary Claire Coutinho set out…

Beyond buzzwords: Unpacking the significance of “purpose” in corporate strategies

…Precision in purpose alignment ClimateVoice’s campaigns & programme director Jennifer Allyn highlighted the common tendency of companies to prioritise setting ambitious sustainability goals over taking concrete action in the ongoing…

Will Larry Fink reap any rewards for going quiet on ESG in his annual letter?

…how demands that companies manage their environmental and social impacts and disclosures were coming top-down, from legislation and regulation, and bottom-up. He stated that climate had “become a defining factor…

Verizon joins RE100, pledges to source 100% renewable energy by 2030

Last week, Verizon announced that it has joined the Climate Group’s RE100 initiative, which aims to accelerate transition towards zero carbon grids at scale, aligning with the company’s own target…

World’s biggest insurance firms slammed for ESG blind spots

Compiled by ShareAction, the analysis assessed companies across the property, casualty, life and health insurance spaces. It looked at the strength of the companies’ overall governance structures and their engagement…

‘Labour are the conservers’: Shadow secretary pledges to reverse nature degradation in UK

…of benchmarks designed to assess the nature-related ambition and action of the initiative’s 100 companies. The Nature Action 100 Company Benchmark is comprised of six indicators covering Ambition, Assessment, Targets,…

One in three Britons advocate for fossil fuel divestments in pensions, poll finds

…of such companies have surged over the recent period, reaching an unprecedented $4trn in 2022. The report highlights that fossil fuel companies have not accounted for the negative consequences of…

Microsoft’s wind PPA and Brussel Airport’s net-zero plan: The sustainability success stories of the week

…contributing clean energy to Ireland’s grid, with further projects slated for commercial operation this year. Microsoft has commitment to power its data centre operations entirely with renewable energy by 2025….

Water companies plan £96bn investment to overhaul sewers and cut back on leakage and spills

…leadership’ on water system sustainability. The House of Lords Industry and Regulators Committee expressed a deep disappointment in the Government’s response to the Committee’s report on failures in water and…

Climate target for 2040 will be EU Commission’s ‘legacy’, activists say

Commission to leave a legacy in the fight against climate change. “We support the adoption of a legally-binding target to reduce gross emissions by more than 90% compared to 1990,”…

Local communities to access £10m for clean energy projects

The Government has confirmed that rural and local communities will soon be able to apply for a portion of a new £10m Community Energy Fund. Applications for the grant open…

COP29: Azerbaijan adds 12 women to summit committee following pressure from sustainability leaders

The Guardian last week broke the news that Azerbaijan was proposing a 28-strong committee, entirely consisting of men, for the climate summit in Baku this winter. The backlash was strong…

Connecting the dots to address climate change in UK communities

…areas, such as the phasing-out of coal and the transition to greener electricity – but meeting the ambitious targets outlined in the Climate Change Committee’s Sixth Carbon Budget (2033-2037) demands…