LEGO Group announces new partnership to replace fossil-based materials in plastic production
European Energy enters agreement with Novo Nordisk and the LEGO Group to deliver e-methanol as a lower-carbon alternative to conventional plastic production
Canopy funded $60M to advance low-carbon next gen supply chains
Canopy will receive $60 million in funding to catalyse the commercial production of low-carbon and circular solutions across the globe.
New framework published for investors to assess alignment of oil & gas companies’ transition plans
IIGCC publishes Net Zero Standard for Oil & Gas, a new framework for investors to assess alignment of oil and gas companies’ transition plans with a 1.5oC climate scenario.
U.S Government proposes new standards to protect public health and increase energy security
Biden-Harris Administration proposes new standards to protect public health that will save consumers money, and increase energy security.
We Mean Business signs letter urging G7 to achieve fully decarbonised power systems by 2035
We Mean Business, among other global organisations, urge G7 to achieve fully decarbonised power systems by 2035.
The EY Sustainable Finance Index shows sustainability back on top of board agendas
The EY Sustainable Finance Index (SFI) 2022 offers insight into how financial services firms have improved their disclosure on underlying environmental, social and governance (ESG) measures – and this, in turn, is driving better performance.
Green Finance Institute and Defra to analyse scale of nature-related financial risks to UK economy
Analysis led by the Green Finance Institute, backed by Defra and the Bank of England, will quantify UK financial and economic risks from exposure to nature degradation.
Major corporates join forces to purchase sustainable aviation fuel certificates at scale
For the first time, companies including Bank of America, JPMorgan Chase & Co., Meta and clean energy nonprofit RMI are joining together through the Sustainable Aviation Buyers Alliance (SABA) to purchase sustainable aviation fuel (SAF) certificates at scale.
IEA: Sales of heat pumps in Europe grew by 40% in 2022
Sales of heat pumps in Europe grew by 40% in 2022, according to the latest IEA analysis, marking a second year of double-digit growth for the central technology in the world’s transition to secure and sustainable heating.
5% of FTSE 100 have net zero plans that would be deemed ‘credible’ under Government’s guidance
Analysis by EY reveals that only 5% of FTSE 100 companies have so far disclosed transition plans that would be deemed ‘credible’ or sufficiently detailed under draft Government guidance.
UK Infrastructure Bank announces significant investment to help supercharge UK’s net zero transition
UK Infrastructure Bank has announced it intends to invest up to £200 million across two investment funds to accelerate the development and deployment of crucial storage technologies, helping to drive the country’s transition to a cleaner, greener and more resilient electricity network.
Scottish Widows unveils £1.4bn worth of new environmental and climate-aware investment funds
Scottish Widows has announced the launch of a new Global Environmental Solutions Fund, focused on directing pension investment into companies that provide solutions to critical environmental issues, such as global greenhouse gas emissions, food security, pollution and biodiversity loss.
Cutting-edge farming technology awarded £9m
Three cutting-edge projects will receive a share of £9.13 million in government funding to carry out research and development on proposals to boost agricultural productivity, sustainability and climate resilience.
Government must accelerate action to deliver the infrastructure needed to meet climate goals
Government must develop stronger staying power and focus on fewer, bigger, better targeted initiatives to deliver the infrastructure needed to meet its long term goals for economic growth and a lower carbon economy, the UK’s independent advisers on infrastructure have said.
IIGCC announces final net zero infrastructure guidance for investors
IIGCC has released net zero guidance for infrastructure, taking the total number of asset classes covered by the Net Zero Investment Framework (NZIF) to five.
Insured losses from natural catastrophes break through $100 billion threshold again in 2022
Natural disasters resulted in global economic losses of USD 275 billion in 2022, of which USD 125 billion were covered by insurance, finds Swiss Re.