Wealthy Londoners wake up to find their SUVs deflated in affluent Crouch End following overnight raid in Highgate July 25, 2022 Close to 100 SUVs were deflated across the affluent North London area of Crouch End last night. Activists called the Tyre Extinguishers informed City A.M. this morning that they “disarmed” nearly 100 SUVs in Crouch End in order to protest against the government’s climate policies. They primarily targeted cars in and around Southwood Lane, Shepherds [...]
Scenario planning on the ‘net zero’ energy transition July 19, 2022 | City Talk For investment managers, prioritising one scenario over all others can have far-reaching consequences. This is especially true when it comes to the energy transition to ‘net zero’ greenhouse gas emissions – achieving a balance between carbon emitted into the atmosphere and carbon removed from it – quite literally a hot topic at present as a [...]
PwC hires 50 ESG focused interns as Big Four seek to capitalise on sustainability push June 29, 2022 PwC is set to bring in 50 new interns entirely focused on climate and ESG amid a race amongst the world’s biggest companies to capitalise on the rise of sustainability reporting. The Big Four firm said 50 of its 500 new interns will be focused on matters concerning ESG. PwC’s ESG chief Zubin Randeria said [...]
Top investors demand firms including Tesla and Exxon Mobil cough up climate data June 29, 2022 A group of 263 top financial institutions have today called on firms including Tesla and Exxon Mobil to reveal their environmental impact data, as pressure grows on businesses for transparency on climate impact.
UK’s audit watchdog says it ‘strongly supports’ global ESG reporting standards June 27, 2022 The UK’s audit watchdog has said it “strongly supports” the development of high-quality, global standards for reporting on climate and sustainability data. The UK’s Financial Reporting Council (FRC) said it backs plans put forward by the International Sustainability Standard Board’s (ISSB’s) for new worldwide ESG reporting rules. The comments come after the International Financial Reporting [...]
Exclusive: We need a business mindset shift and new tools to get us there, says City insider June 20, 2022 ESG commitments for 2030 are high on the boardroom agenda, but are we asking the right questions? The big money question is, even if we meet our sustainability targets, does that secure the social conditions and environmental resources that we will need for businesses to operate in the future? Across the City, a viewpoint on [...]
New audit watchdog chair pledges tougher rules for company executives June 16, 2022 The new chair of the UK’s audit watchdog has vowed to make company directors accountable for corporate accounting scandals, in his first public speech as head of the Financial Reporting Council (FRC). FRC chair Sir Jan du Plessis said the government’s decision to water down plans for a British version of the USA’s “Sarbanes-Oxley [...]
TEN campaigners arrested after daubing Treasury with red paint in fossil fuel protest June 14, 2022 The front of HM Treasury’s building was daubed with red paint as 10 Just Stop Oil campaigners were arrested accused of crimes including criminal damage and causing a public nuisance. Environmental protestors were pictured on the grass in front of the building on Monday with red paint on the pavement, before police arrived to detain [...]
Insurers need more data to properly model climate risk, Bank of England insurance chief says June 8, 2022 The UK’s insurance sector lacks “comprehensive and high quality data” it needs to properly evaluate climate risk, the head of the Bank of England’s (BoE’s) insurance division has said. Speaking at the Association of British Insurers’ (ABI’s) climate summit 2022, Stefan Claus, the head of the BoE’s general insurance division, said insurers are struggling to [...]
Exclusive: ‘Covid killed more people than all other catastrophes in the past half century,’ says climate sceptic Bjorn Lomborg May 31, 2022 Bjorn Lomborg is President of the Copenhagen Consensus and Visiting Fellow at Stanford University’s Hoover Institution. Below he shares his views on the latest UN climate report in a UK exclusive for City A.M. A new United Nations report has revealed the disturbing news that the number of global disasters has quintupled since 1970 and will increase by [...]