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HSBC’s £500m green SME fund officially launches

…would meet HSBC’s Eligible Criteria for Green Activities, which have been independently reviewed by Sustainalytics. It builds into HSBC’s global commitment to offer between $750bn and $1trn of financing and…

VIDEO – UN Global Compact CEO Sanda Ojiambo on closing the SDG action gap in 2022

Speaking outside of the UN Hub within the Expo this week, Ojiambo said there remains “a clear gap between policy, commitment, action and outcomes”, and that more businesses must be…

Iberia and Cepsa form partnership on sustainable aviation fuels

…important step on our path towards more sustainable air transport, in line with our joint commitment to the decarbonisation of the sector.” As part of the IAG Group, Iberia and…

New Look to become ‘climate positive’ by 2040

New Look has provided an update to its sustainability strategy as part of an ongoing “Kind to Our Core” initiative. The new update features a headline commitment to becoming climate…

Sir Ian Cheshire announced as chair of We Mean Business Coalition

…the creation of Kingfisher’s Net-Positive commitment, Sir Ian was previously the non-executive chair of Debenhams and a former Barclays Bank chair and is currently on the board of directors at…

$896m raised for solar power as headhunters sign climate pledge: The sustainability success stories of the week

…the CUBE competition is an important part of our commitment to reduce our carbon emissions; we’re keen to find new ways to drive forward change in the industry and support…

Iceland Foods hits back at Which? after low sustainability league table score

…does buy 100% renewable electricity for its UK sites,” said Which? in a statement. The low score on plastic will have raised some eyebrows, given Iceland Foods’ commitment to removing…

‘Carbon Call’: 20 major players including Microsoft team up to improve emissions accounting

…underpinning corporate net-zero commitments was published, receiving much coverage in the mainstream media. Written by the New Climate Institute and Carbon Market Watch, the report assessed 25 corporates’ net-zero commitments….

Boardrooms holding back progress towards ESG leadership, survey finds

…feel that board members are hampering progress towards a future in which ESG is properly embedded into corporate strategy. 43% of respondents said there is a lack of commitment from…

‘Huge loopholes’: Green groups slam HSBC’s new targets for cutting financed emissions

…portfolio by 2030”. Market Forces’ UK campaign lead Adam McGibbon said the commitment evidences the bank “finding a new and innovative way to fudge their emission reduction targets.” Another aspect…

AstraZeneca outlines plans for next-gen inhalers to cut emissions on road to carbon-positivity

The pharmaceuticals giant has today (22 February) published its latest annual sustainability report, in which the news on inhalers is detailed. The report tracks AstraZeneca’s progress towards its commitment to…

Asda rolls out plastic-free free food protection technology in bid to cut food waste

…against a 2018 baseline. This commitment ties in with a pledge to ensure all own-brand packaging is fully recyclable by 2025. On food waste, Asda already has a zero-waste-to-landfill policy…

FMCG giants jointly launch initiative to scale flexible plastics recycling

The five fast-moving consumer goods (FMCG) companies made the commitment on Tuesday (1 March) as they launched a new Europe-based scheme called the Flexible Packaging Initiative. The aim of the…

Report: American corporates failing to set science-based climate goals, let alone deliver them

…climate commitments. Net-Zero Tracker’s post-COP26 stocktake revealed that 68% of publicly listed businesses have not set targets covering all Scope 3 emissions. More recently, an analysis of 25 corporates’ net-zero…

UK Government kick-starts approval process for Rolls Royce’s small nuclear reactors

…would have less of an impact on local communities. With this in mind, the UK Government recently built on its Ten-Point Plan commitment from 2020 with a £210m funding pot…

Carbon removal markets must grow exponentially by 2030 to keep 1.5C alive, report warns

…by national commitments, at least 165 billion tonnes of carbon removals will likely be needed – cumulatively – by mid-century. For context, the current voluntary carbon market is believed to…

Ford’s accelerated EV plans and a green hydrogen hub: The sustainability success stories of the week

…Velux removes almost all plastic from window packaging In a positive step towards its commitment to go plastic-free for all packaging by 2030, the Velux Group has this week confirmed…

Costa Coffee sets 2040 net-zero target

commitment with its own 2040 net-zero target and plans to deliver it. The 2040 target is supported by an ambition to halve emissions intensity, on a per-coffee-serving basis, by 2030….

NHS urged to reduce waste to deliver net-zero ambitions

…due to be delivered on Wednesday (23 March), will be used to cut “wasteful” government spending. He is, therefore, expected to double the NHS efficiency commitment. The NHS’s overall climate…

Zurich brings net-zero target forward 20 years to 2030

…the Net-Zero Insurance Alliance, of which members will be required to deliver net-zero emissions by 2050 across their insurance and reinsurance portfolios. In a Statement of Commitment for the Alliance,…