Author: James Hannay

A new report ranks the world’s most sustainable companies and reveals a significant increase in sustainable investments among the leading firms. Released today, the Corporate Knights’ 20th annual Global 100 ranking shows that the top-ranked companies on average allocated 55% of their investments to sustainable projects in 2022, a jump from 47% the previous year. This stands in stark contrast to the broader market, where publicly traded companies with over $1 billion (£790mn) in annual revenue invested just 17% of their funds in sustainable projects. According to the research, the top 100 companies also surpassed the market in terms of…

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Octopus Energy Generation, the renewables arm of the UK’s leading green energy supplier, has announced a £200 million investment in London-based tech firm Deep Green in order to rapidly scale its innovative data centre heat exchange model across the country. Deep Green’s technology tackles the dual challenge of reducing data centre energy consumption and providing cost-effective heating solutions. By extracting excess heat generated by data centre processing, it can be redirected to heat buildings or other facilities like swimming pools. This investment comes at a time of booming demand for digital services. Since 2010, the number of internet users worldwide…

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Volvo Cars has announced the appointment of Vanessa Butani as the Head of Global Sustainability, effective April 1, 2024.  Butani takes over from Anders Kärrberg, who has decided to retire after serving as the Head of Global Sustainability since the establishment of the carmakers Global Sustainability Team in 2019. Joining from global appliance company Electrolux Group, Butani is set to lead the company’s sustainability initiatives, overseeing the ongoing development of the sustainability strategy and steering the organisation’s transformation to a leading provider of sustainable mobility. “We’re excited to have Vanessa joining our company,” says Jim Rowan, Volvo Cars CEO. “Her…

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New rules requiring car manufacturers to sell a minimum proportion of zero-emission vehicles have come into force, enacting what the government claims is the world’s ‘most ambitious regulatory framework for the transition to electric vehicles’. Coming into force on Wednesday (3 January), the ZEV mandate sets specific targets for the sale of zero-emission vehicles (ZEVs) by car and van manufacturers within the UK. By 2030, 80% of new cars and 70% of new vans must be zero-emission, with this figure rising to 100% for both categories by 2035. For passenger cars, the mandate imposes phased-in thresholds: 22% of each mainstream…

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The Royal Mint, Britain’s oldest company and the official maker of UK coins, has announced its net zero targets have been verified by the Science Based Targets Initiative (SBTi). The coinmakers plan outlines a 90% reduction in both Scope 1 and 2 GHG emissions (including electricity and gas use) by 2050, along with a similar 90% reduction in Scope 3 emissions (from purchased goods and services, waste management, and business travel) by the same deadline. To jumpstart this transition, the company, which is around 1,100-years-old, has set short-term targets for the 2030/2031 financial year, aiming for a 42% reduction in…

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Wondrwall, a leading UK provider of net zero home technology, has appointed a new Chief Commercial Officer (CCO) as part of its £100 million investment to expand its footprint in sustainable housing across Britain. The appointment comes shortly after news that Wondrwall has secured a £100 million investment program to fuel its expansion and scale up its home energy management and decarbonisation solution. This investment aims to support the UK’s journey to net zero by 2050 and enable Wondrwall to reach over 100,000 net zero energy homes both domestically and internationally. Launched in 2018, Wondrwall utilises AI and machine learning…

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As mandatory environmental, social, and governance (ESG) reporting disclosures become more common, companies need to determine the right information to report on and how to do so properly. ESG frameworks provide guidance, but with so many options available, it can be difficult to know which one to choose. This article explores ESG reporting frameworksin 2024 and helps companies decide which ones may suit their needs. What is an ESG reporting framework? An ESG reporting framework is a set of guidelines and standards used to create clear, structured, and actionable sustainability reports. ESG frameworks shouldn’t be confused with ESG standards. While frameworks…

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The Environmental Audit Committee (EAC) is pushing for a review of key initiatives within the UK’s net zero strategy for aviation, citing concerns about their effectiveness and potential shortcomings. Published in December, the EAC shared a string of recommendations based on feedback from academics, professional bodies, manufacturers, NGOs, representatives from the finance, aviation, and shipping industries and Government advisers. The inquiry, originally launched in March 2021, sought to evaluate the government’s approach to decarbonising aviation and shipping, two sectors identified as particularly challenging due to their high emissions footprint (approximately 10% of the UK’s total). Since then, the government has…

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The government is seeking feedback on several proposals set to increase the accountability of manufacturers and retailers for recycling of their electrical appliances, including vapes. The series of proposals, launched today by the Department for the Environment, Food and Rural Affairs (Defra), is aimed at boosting electronics and vape recycling by placing greater responsibility on manufacturers and retailers to manage the growing waste stream. Under the plans, households could soon enjoy the convenience of dropping off unwanted toasters, hairdryers, and other small appliances alongside their regular rubbish bags. Kerbside collections for these items, currently unavailable in most areas, could roll…

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Danish energy giant Ørsted has taken final investment decision (FID) on the world’s single largest offshore wind farm. Hornsea 3 will be Ørsted’s third gigawatt-scale project in the Hornsea zone following Hornsea 1 (1.2 GW) and Hornsea 2 (1.3 GW), which are already being controlled out of Ørsted’s operations and maintenance hub in Grimsby. Hornsea 3 is located 160 km off the Yorkshire coast. When the wind farm comes online, Ørsted’s Hornsea trio will have a total capacity exceeding 5 GW, making it the world’s largest operating offshore wind zone. With a capacity of 2.9 GW, Hornsea 3 will produce…

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