Watchdog raises ‘greenwashing’ concerns over sustainable loans – but experts question need for ‘hard laws’ June 30, 2023 The Financial Conduct Authority (FCA) has highlighted a number of issues in sustainable lending which are stymying the growth of the market. In a letter sent yesterday to sustainability heads at banks, the watchdog noted that the market for sustainability-linked loans (SLLs) – which link borrowing costs to sustainability targets – had “grown rapidly” over [...]
Super sewer still on track despite Thames Water troubles June 30, 2023 It is “inconceivable” that Thames Water’s financial woes will derail London’s new super sewer, says Tideway boss.
Thames Water and Ofwat face Westminster grilling over growing debt pressures June 30, 2023 MPs will grill Thames Water executives and market watchdog Ofwat amid growing concerns over the finances of the UK's largest water supplier.
Yorkshire Water raises £500m from shareholders amid Thames Water troubles June 29, 2023 Yorkshire Water has raised £500m from shareholders, as part of its long-term equity plan to invest nearly a £1bn over the next five years.
Thames Water: City grandee and crisis specialist Sir Adrian Montague lined up as new chair June 29, 2023 Thames Water has lined up long-standing city grandee and crisis specialist Sir Adrian Montague as it new chair.
Tories turn up the heat on Ofwat as Thames Water scrambles for £1bn in funds June 28, 2023 A front-bench member of the cabinet has raised concerns over the future of Thames Water, amid its desperate bid for funds from investors.
Thames Water confirms shareholder talks – but plays down fears of collapse June 28, 2023 Thames Water confirms it is in talks with shareholders over securing more funding, and has played down fears it could collapse.
Darren Jones: Labour’s powerful business committee chair ‘sick’ of Ofwat failings amid Thames Water woes June 28, 2023 Darren Jones, the Labour MP who chairs the business and trade committee, has slammed Ofwat's regulation of the water industry.
Thames Water chief executive Sarah Bentley resigns in shock departure June 27, 2023 Sarah Bentley has stepped down from her role as chief executive of Thames Water with immediate effect after three years in the job. The UK’s largest water supplier confirmed her departure today, including her exit from the board – with the shock departure simply the latest twist at the troubled company. Thames Water has gone [...]
British companies could face tougher climate scrutiny under new G20 rules June 26, 2023 Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions of dollars flow into investments that tout their environmental, social and [...]