Some of world’s biggest asset managers ‘paying lip service’ to ESG October 2, 2019 There is a “significant discrepancy” between the pledges made by the world’s 50 largest asset managers on environmental, social and governance (ESG) and the action managers have actually taken on these issues, new research has found. Although the vast majority of the world’s 50 biggest asset managers – who manage a combined $50.6 trillion (£41.3 [...]
‘New RWE’: Europe’s biggest CO2 culprit promises to be carbon-neutral by 2040 September 30, 2019 The German utility giant behind Npower has said it is stepping away from energy transported through pipelines as it revealed a giant pipeline of renewable production. RWE said it plans more than 18 gigawatts (GW) of new capacity, nearly as much as all the wind turbines installed in the UK. Read more: Eon struggles against [...]
BIS launches climate-friendly bond fund for central banks September 26, 2019 The Bank for International Settlements (BIS) has launched a fund for central bank investment in green bonds, in an attempt to meet increasing demand for climate-conscious investments from the institutions. Read more: Some ‘fossil fuel free’ funds have stakes in coal companies, research finds The open-ended fund will be supported by an advisory committee drawn [...]
How banks should be looking at the climate change challenge September 26, 2019 Mitigating the impact of climate change is not just an environmental responsibility – it is also an economic necessity. This is a clear message as global leaders met for the UN Climate Summit this week in New York. The impact of climate change will only intensify over time: rising seas and greater storm surges alone [...]
Government told airline growth should halve if UK wants to meet climate change target September 24, 2019 The government’s climate experts have warned that the predicted growth in air travel needs to be halved or Britain risks missing its emissions commitments. The Climate Change Committee’s chair John Gummer, Lord Deben, said that that aviation emissions could be cut by 20 per cent, but only by limiting growth. Read more: No business is [...]
US President Donald Trump mocks climate activist Greta Thunberg after UN speech September 24, 2019 US President Donald Trump this morning mocked climate activist Greta Thunberg after the teenager made an impassioned speech in front of the UN yesterday. Referring to a quote posted by Wired Magazine on Twitter, the President called the future that Thunberg was sketching out “wonderful”. Read more: London climate strikes: Thousands protest by capital’s landmarks [...]
Extinction Rebellion threatens Westminster shutdown September 23, 2019 Climate campaigners Extinction Rebellion will block “every single road” around Westminster for at least two weeks from 7 October, it said today. The group, which shut down parts of central London earlier this year, announced the action as a UN climate conference kicks off in New York. It will demand government departments reveal how they [...]
Germany unveils new measures to tackle climate change September 21, 2019 Germany has unveiled a number of new measures to fight climate change following a 15-hour negotiation on Friday. It comes ahead of the UN’s climate summit in New York next week and was completed while thousands of people took to the streets around the globe to protest climate change. Among the new measures is an [...]
London climate strikes: Thousands protest by capital’s landmarks September 20, 2019 Thousands of young people walked out of classrooms and schools this morning in the lead-up to next week’s climate change conference in New York. The students, de facto led by Swedish teenager Greta Thunberg, are striking in 150 different countries. Read more: DEBATE: Should companies be supportive of employees who want to take part in [...]
London Car Free Day 2019: Everything you need to know about this weekend’s event September 20, 2019 Drivers have been warned to avoid large parts of central London as over 200 roads close in the capital for Car Free Day 2019. Between 7am and 7pm on Sunday, pedestrians will be given free rein across London Bridge and Tower Bridge, as the city highlights the problems caused by air pollution. Read more: Mayor [...]