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Aviva, WWF Call for UK Nature-positive Pathways

Report calls for government to provide more detail on the ways in which the private sector can contribute to the country’s move to a sustainable economy. UK insurance group Aviva and the World Wide Fund for Nature (WWF) have launched a joint report setting out nature-positive pathways, calling on the UK government and private sector to work together to support…

Petrochemicals Litigation will Cost Investors Billions

Planet Tracker report warns of legal and financial ramifications from sector’s continued environmental and social harms.  Companies’ ongoing usage of petrochemicals exposes investors to a plethora of environmental, social and legal risks which will have significant financial consequences, according to research by think tank Planet Tracker.   “Petrochemicals represent real financial risk if not managed properly,” Chris Baldock, Head of Data…

Embracing Double Materiality

Embracing Double Materiality

Why it’s time for every industry to rethink impact The business landscape is evolving rapidly, driven by changing regulations, shifting consumer expectations, and an urgent need for a more sustainable and equitable future. Today, success is no longer measured solely by profit margins. Companies are being asked to think bigger—to consider their impact on society, the environment, and the wider world.

Smooth Transition Targeted by Britain’s Biggest LGPS Pool

Border to Coast’s new Head of Responsible Investment intends to enhance engagement efforts after year of escalating activity. A growing focus on stewardship by Border to Coast Pensions Partnership’s responsible investment (RI) team will only become more entrenched as the local government pension scheme (LGPS) pool seeks to ensure a smooth transfer of power. Tim Manuel was recently appointed as…

KPMG Appoints Maura Hodge to Lead US Sustainability Practice

KPMG Appoints Maura Hodge to Lead US Sustainability Practice

Professional services firm KPMG announced that it has appointed Maura Hodge to lead its US sustainability practice, taking over the role of US Sustainability Leader from Rob Fisher, who in turn has been appointed KPMG US Consulting Sector Leader for Financial Services and Insurance Hodge has been with KPMG for nearly 20 years, most recently serving as ESG Audit Leader,…

Plastics Under Pressure

Negotiators are due to put the finishing touches to a legally binding agreement with serious consequences for users and producers. A new accord on plastics aimed at curbing production and eliminating pollution is widely expected to focus the minds of companies that fail to make the transition towards more sustainable alternatives. The United Nations Environmental Assembly adopted a resolution in…

Asda Ties Financing Rates for Suppliers to Decarbonization, ESG Reporting and Performance

Asda Ties Financing Rates for Suppliers to Decarbonization, ESG Reporting and Performance

UK-based supermarket retailer Asda announced the launch of a new sustainable supply chain finance scheme in partnership with HSBC UK, adding a sustainability-linked enhancement to its Supply Chain Finance program to encourage sustainable practices through financial incentives. The new sustainability-linked supply chain finance program follows a commitment by Asda to set science-based carbon emissions reduction targets across its value chain….

UN Pact Bolsters Social Reporting Momentum

Despite a late pullback from expected commitments to mandatory social reporting requirements, the new agreement could potentially drive private sector support for SDGs. The UN has provided a boost to the reporting of social metrics as part of its efforts to accelerate its Sustainable Development Goals (SDGs) with the recently adopted Pact for the Future. The pact – which was adopted…

InfluenceMap: Pro-climate Lobbying Can Overcome Resistance

Examples of best practice by corporates are becoming more frequent, although indirect influence continues to fly under the radar.   Investors are increasingly alert to lobbying by portfolio companies against climate-positive legislation, but their increased scrutiny is helping to highlight best practice in advocacy in favour of laws supporting the net zero transition.   Nevertheless, think tank InfluenceMap, which tracks all…

GeoPura Raises £22 Million to Build Out Green Hydrogen Power Unit Fleet

GeoPura Raises £22 Million to Build Out Green Hydrogen Power Unit Fleet

Clean power solutions provider GeoPura announced that it has raised £22 million (USD$29.3 million) in its inaugural debt financing round, with the new capital aimed at helping facilitate the manufacturing and deployment of over 3,600 hydrogen power units (HPUs) by 2033, the company said. The financing marks the first major asset-backed debt funding announcement by a green hydrogen company in…