Weekend Exclusive: Lloyds banker turned charity guru Bernie Hollywood OBE on mental health in the City February 27, 2022 Londoner Bernie Hollywood OBE spent nearly a decade as a corporate banker at Lloyds Banking Group’s HQ at 25 Gresham Street in the City. These days, he is determined to make a difference: next year, the 63-year-old is rowing the Atlantic to raise funds for youth mental health. City A.M. caught up with him to [...]
The sky is the limit: Sustainable aviation does not need to be an oxymoron February 19, 2022 Aviation and sustainability don’t exactly go hand in hand. With aviation responsible for approximately 2.5 per cent of the carbon emissions that are warming the planet, according to the International Energy Agency, clearly something needs to be done. “Businesses and consumers alike agree that flying less is vital today than it has been in the [...]
EY to hire 1,300 new UK employees after launching climate focused EY Carbon business February 14, 2022 Big Four accountancy firm EY has set out plans to launch a new, climate-focused consultancy business which will see the firm hire 1,300 new UK employees. The auditor’s plans to launch its own ESG consultancy, EY Carbon, will see EY invest £100m, in line with plans to recruit 1,300 people over the next three years. [...]
Exclusive: Sceptical environmentalist Bjorn Lomborg on 50 years of misguided climate panic February 9, 2022 Bjorn Lomborg is President of the Copenhagen Consensus and Visiting Fellow at Stanford University’s Hoover Institution. His latest book is “False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet.” Writing exclusively for City A.M. today, Lomborg zooms in on half a century of what has been, [...]
Exclusive: ESG consultancy sector to swell to nearly £12bn in next five years, says industry insider February 7, 2022 Spending by companies on ESG and sustainability consulting is set to more than double over the next five years to a record £11.8bn, or $16bn, according to a new report that was exclusively shared with City A.M. today. The market will grow at a CAGR of 17 per cent, from around $6.24 billion at the end [...]
Weekend chat: Many companies and investors fear greenwashing claims, says sustainability guru February 6, 2022 Increasing biodiversity and expanding nature-based solutions to solve the climate crisis through so-called voluntary carbon markets (VCMs) are currently a hot topic. VCMs, which encompass all transactions of carbon offsets that are not purchased with the intention to surrender into an active regulated carbon market, do include offsets that are purchased with the intent to re-sell [...]
Dow Jones makes push into ESG as it launches sustainability data set for asset managers February 2, 2022 Dow Jones said this morning it has launched a sustainability data index to help the global financial community understand the performance and impact of a company’s Environmental, Social and Governance (ESG) practices. The initial offering is available for asset managers to make sustainable investment decisions and to better engage the growing audience of purpose-driven investors, [...]
It pays to be kind: Ethical companies raise cash over 20 per cent faster February 2, 2022 Ethical companies are completing funding rounds around 22 per cent faster than traditional firms, according to the latest research. Firms focussed on environment, social and governance (ESG) matters round off their fundraiser’s in 17 days on average, compared with 22 for businesses that are not, crowdfunding platform Crowdcube found. With nearly 75 per cent of [...]
Global ESG ranking of the world’s biggest banks: Which financial giants have the best credentials? February 1, 2022 Banks are increasingly vying to establish their ESG credentials in a very competitive marketplace, in the wake of last year’s COP26 climate talks and as they look to differentiate in the year ahead. For the first time, a full list of banks’ credentials has been compiled, carried out by East & Partners. The report found that BNP [...]
Hasta la vista: Arnold Schwarzenegger vows to ‘terminate pollution’ at climate change summit February 1, 2022 Former California governor and Hollywood star Arnold Schwarzenegger has vowed to “terminate pollution” at the sixth annual Austrian World Summit climate conference. The former bodybuilder and actor said he and Austrian president Alexander Van der Bellen would be welcoming “climate action heroes” from around the world for the event. The conference will take place in [...]