London’s summer heatwave sparked plunge in footfall as Mayor warns against climate crisis london mayor The summer heatwave saw London visitors plunge as commuters swap the City for the shade, says London Mayor Sadiq Khan. Speaking at the Reuters IMPACT Conference later today, the Mayor will reveal that on 18 July, when temperatures in London exceeded 35 degrees, there were 385,640 daytime workers in central London, when 518,000 workers would usually be [...]
Lawyers should be ‘ethically obliged’ to inform clients of climate risks, open letter says Climate Lawyers have said the legal sector should be forced to inform their clients of the legal risks of investing in projects that are inconsistent with efforts to keep global warming below 1.5˚C In an open letter, more than 100 top lawyers called on regulators to ensure solicitors and barristers are “ethically obliged” to advise their [...]
It is the death of sustainability as merciless cost of living mayhem pushes UK firms into survival mode Shifting priorities With the cost of living crisis predicted to continue for the foreseeable, nearly 8 in ten Brits are now worried about how the ongoing mayhem is going to negatively impact the environment. In fact, a third of all British business owners have dropped sustainability as a priority with just less than one in five still [...]
City impact investment chief Jim Roth on greenwashing: ‘If you can’t measure it, you cannot manage it’ August 31, 2022 So-called “green” investment claims, and the substance behind them, are dominating the agenda of many City firms and the wider UK business community. ESG disclosure regimes aim to counter “greenwashing” by requiring financial firms who have marketed their investment products as “green” to disclose data relevant to their investments’ sustainability. However, the relatively new City [...]
The Trials at the Donmar – near future warning with adults in the dock August 18, 2022 As Europe endures its hottest summer on record, hosepipe bans reach millions of Londoners and wildfires tear across Spain, new environmental polemic The Trials couldn’t have come at a more apt time. Set in the not-too-distant future, it’s essentially 12 Angry Children doing jury duty at the end of the world. Those on trial: the [...]
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 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 [...]