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Beyond Net Zero – why due diligence in biodiversity has become a hot agenda item for portfolio companies and their investors

and sustainable land use practices. Biodiversity is closely linked to climate change and other environmental issues. For example, healthy ecosystems can help mitigate climate change by absorbing and storing carbon,…

Nature finance – the key to nature positive business?

…(£1.5 m) scheme to reduce flood risk in a river catchment in Northern England by slowing the passage of water over farmland. Businesses driven by advances in digital technology are…

Waitrose: Powering tractors with biomethane gas

…specific financial details are unavailable, the project is expected to generate cost savings over time, making it a financially viable and sustainable initiative. Industry Context Agriculture, Forestry and Land Use

Unlocking the power of stakeholders in the ESRS Double Materiality Assessment

Users of sustainability statements are primary users of general-purpose financial reporting (existing and potential investors, lenders and other creditors, including asset managers, credit institutions, and insurance undertakings) as well as…

Barratt Developments, Saint-Gobain and The University of Salford: Energy Project of the Year

…invariably require innovations in materials and processes. The Solution: A full-sized home, built using modern methods of construction using low-carbon materials and enhanced insulation, located within the Energy House 2.0…

AstraZeneca invests $400m to quadruple tree planting commitment

…expert Earthbanc to deliver this project. Elsewhere, 8,000 hectares of degraded land in Ghana will see 2.2 million trees planted, adding to 2.5 million already in place. The community-led programme…

UK Government opens Air Quality Grant scheme as ULEZ row rolls on

…of urban areas in England. Projects raising public awareness of how to prevent and avoid air pollution may also be eligible for the Air Quality Grant scheme. Defra’s own advice…

Outcry as UK Government eases water pollution rules for housebuilders

…for 300,000 new homes to be created each year from the mid-2020s. However, housebuilding rates in England have continued to slow and are now near the levels seen during World…

National Grid to unlock 10GW of distribution capacity for ‘shovel-ready’ renewables

…made. Applications for the new arrangement process will be opened in October. Developers of projects in parts of the Midlands, South West England and the South of Wales will be…

Global climate briefing: Sunak snubs UN meetings as California moves to mandate corporate climate disclosures

and the Environmental Rights Centre for Scotland (ERCS) have confirmed plans to take legal action against the Scottish Government over weaknesses in its own net-zero delivery plans. Scotland is aiming…

Scottish onshore wind project halted as costs soar

…Scotland’s contribution to the UK’s operational onshore wind capacity will increase from 60% (8.3GW) in 2020 to 75% (20.7GW) by the end of 2030. Conversely, England’s share is forecast to…

DESNZ set to open second headquarters in Aberdeen

…Westminster already promised for the development of a technology centre in Aberdeen, with a focus on reducing operational emissions from Scotland’s oil and gas production, plus the North Sea Transition…

UK’s Biodiversity Net Gain requirements expanded

…from today (2 April), the requirement will be expanded to small housing developments and all commercial and mixed-use developments. It will impact almost 30,000 planning applications each month in England.

Urgent action needed to build out energy storage and bolster Britain’s energy security, Lords warn

Members of the House of Lords’ Science and Technology Committee have today (13 March) released a paper urging Ministers responsible with strategizing to deploy long-duration energy storage (LDES) to “get…

Amazon summit: Rainforest nations vow to halt deforestation, but delivery plans remain scant

…The outcome was a 10,000-word joint declaration on collaboration to tackle deforestation, but the declaration stipulates that each nation can draw up its own plans to halt deforestation by 2030….

COP28 Action Tracker: CEOs press for end to fossil fuels as King Charles gets go-ahead to attend climate summit

…England alone. Seven people are known to have died in flooding caused by the storm. Global moves A key breakthrough at COP27 was the creation of a loss and damage…

Natural capital: UK’s ecosystems valued at £1.5trn

…at least 16.5% tree and woodland cover by 2050 “As a former Health Secretary, I have seen the benefits that nature has for people’s physical and mental wellbeing,” Barclay said….

‘We’re sorry’: Water companies pledge £10bn to address sewage spills

Water UK, which represents England’s water companies, has pledged to invest £10bn this decade to modernise sewer infrastructure and reduce sewage overflows that spill out into waterways across the country….

Lower mortgage rates for energy-efficient homes tested with UK Government support

…homes. Another project, led by Ashman Bank, is developing a mortgage offer which enables buy-to-let landlords add the cost of energy improvements to their overall package. The UK’s climate advisors…

Therese Coffey calls on businesses to ‘shape efforts’ to deliver global nature goals

Coffey spoke to a host of businesses and investors at a Wildlife Trusts event hosted by Hogan Lovells. The Environment Secretary used the event to discuss progress against the 23…