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UK won’t drop £11.6bn climate finance pledge, Government confirms
…climate finance and we are delivering on that pledge. ! The commitment was first made by the UK at COP26. It forms part of a collective commitment from wealthy nations…
Pharmaceutical giants launch new science-based target requirements for suppliers
…targets for suppliers which aim to address emissions across the value chain and reduce the complexity of multiple asks.” The seven companies also act as partners to the WHO-led Alliance…
Why ESG due diligence in private equity is business critical, and can drive positive change
…includes pre-investment screening before the deeper due diligence commences, to rule out those companies that will clearly not, for instance, meet the requirements of that particular fund, such as an…
EU countries divided over proposed corporate accountability rules
…companies under 1,000 employees to be excluded from the directive, in line with its national due diligence law. The EU Commission is also expected to come forward with an initiative…
Brands and retailers not on track for key 2025 sustainability goals on plastics
…recyclable or compostable by 2025, calling overall progress to date “incremental”. Last year, 64.5% of the plastic packaging produced by Global Commitment signatories was reusable, recyclable or compostable. This is…
Corporates cite litigation fears as reasons for poor uptake of ESG collaboration
A new survey of 500 sustainability professionals in the UK, USA, France, Germany and the Netherlands, commissioned by law firm Linklaters, analysed the attitudes of corporate sustainability professionals on collaborating…
UK fleshes out anti-deforestation laws for supply chains, publishes domestic nature conservation plans
…Defra has published a roadmap for delivering its so-called ’30 by 30’ commitment in England. This commitment, made under the UN’s biodiversity treaty, involves the UK setting aside 30% of…
Corporate climate disclosures becoming more common, but nature and water reporting lags
…compared to disclosures on forests and water. In 2023, CDP tracked a 24% year-on-year increase in the number of companies disclosing on at least one of these three issues, to…
Transition Plan Taskforce launches sector-specific guidance and transition finance tools
…widely recognised disclosure framework for transition plans, launched last year, recommending how companies should develop plans and the key elements they should include. The framework is complemented by a comprehensive…
Expert taskforce convened to oversee UK’s adoption of ISSB standards
…who has been selected to chair the Committee, said: “As the UK contemplates its endorsement, our Committee’s unique combination of skills will be instrumental in ensuring that these standards not…
‘A wake-up call for Ministers’: UK’s green economy reacts to new CCC net-zero progress report
…hamstrung by ‘Kafkaesque’ rules and short-term competitive funding pots. “The report only reinforces the urgency of our call for an end to short-term competitive local authority funding and a Net…
UK considers axing VAT on battery storage co-located with home solar
…storage fitted either with solar panels or retrospectively. Shapps has today (31 May) responded to the Committee, with Committee chair Philip Dunne MP calling the measures detailed in his letter…
AI-powered ocean robots and second-life batteries: The best green innovations of June 2023
…swim in, healthy. To tackle this, Tidal has developed a platform that combines machine learning and novel underwater perception hardware to give aquaculture companies new levels of visibility into marine…
Scottish Widows gets tougher on investment manager voting on ESG issues
…Exclusion Policy. Climate finance commitment The new report from Scottish Widows this week also provides an update on the company’s commitment to invest more than £1bn in climate solutions by…
Is the cost crisis really hampering green business spending?
The ESI tracks corporate sentiment and tangible progress on sustainability from quarter to quarter. Sustainability has taken precedence as the primary focus for most companies, with 73% of global respondents…
$70trn investor network raps meat and dairy giants for lagging on climate
…18% of the Index in 2021 to 28% this year. Companies may have felt compelled to act as ever more national governments sign the Global Methane Pledge, which targets a…
Financial institutions push for Plastics Treaty to include corporate disclosure mandate
…have access to the insight they need to develop impactful, evidence-based policies that drive private sector action. “It also creates a level playing field for companies in today’s highly-competitive business…
‘The hard work starts now’: Climate leaders highlight remaining loopholes in Loss & Damage agreement
…we cannot rest until this fund is adequately financed and starts to actually alleviate the burden of vulnerable communities. Success starts when the international community can properly support the victims…
Vague peace agreements and climate scientists’ calls to action: The 6 biggest stories from 3 December at COP28
…a fraction – up to 80 times less – of climate finance compared to those in non-fragile states. The COP28 Presidency is committed to driving action and consensus to change…
Science-based nature targets for cities and Race to Zero updates: The 7 biggest stories from 6 December at COP28
…healthcare institutions – has doubled since its launch at COP26 in 2021. 23% of Fortune 500 companies and 58% of FTSE 100 companies are now in the Race. “Across cities,…
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