HSBC’s £36bn pension scheme pledges to be net zero by 2050 at the latest October 8, 2021 HSBC’s pension scheme, one of the largest corporate pension schemes in the UK, has pledged to achieve net zero carbon emissions by 2050 or sooner. In the run up to COP26, an increasing number of activists have zeroed in on fossil-fuel investing pension funds and wider financial institutions like HSBC and Lloyds for carbon-heavy investments. [...]
COP26: UK and global accountancy bodies aim for net zero emissions October 8, 2021 The UK professional body for accountants has joined global peers in making a public commitment to net zero emissions. The Institute of Chartered Accountants in England and Wales (ICAEW) yesterday announced it will sign a commitment to net zero emissions and create plans to achieve this, alongside a network of global accountancy bodies. The 13 [...]
Nestle admits facing supply chain issues ahead of Christmas October 7, 2021 Struggling with supply chain issues, Nestle has said it is working hard to make its products hit the shelves this Christmas. The struggle was attributed to a labour crunch and also a chronic shortage of Heavy Goods Vehicle drivers. Bottlenecks in shipping world over also are a major factor, according to the firm, for the [...]
Mark Carney slammed over fossil fuels ahead of COP26: ‘Watering down rules for finance’ October 7, 2021 Just weeks before the UK hosts the COP26 climate summit, around 90 climate groups have written to UN Special Envoy Mark Carney and place ads in the Financial Times and Toronto Star today, urging him “to stop greenwashing financial institutions that continue to invest in expanding fossil fuel infrastructure.” The groups said that, while his [...]
Biggest shipping companies navigate plan for net-zero by 2050 October 6, 2021 The International Chamber of Shipping (ICS), which represent the world’s biggest shipping companies, has recently set out its plan to achieve net-zero CO2 emissions by 2050, doubling the current pledge of getting to 50 per cent less CO2 emissions. ICS members have also stated that the industry cannot reach such ambitious targets by itself but [...]
Exclusive: UK sets out quarantine restrictions for private jet Cop-26 arrivals October 6, 2021 It may be the least carbon-friendly way of travelling to the UK, but Cop-26 climate conference organisers are preparing for private jet visitors. A guide to ‘managed quarantine’ published this week for arrivals coming from so-called red list countries lists Biggin Hill and Farnborough Airport as potential arrival ports – both of which exclusively cater [...]
Watch as climate protestors take over a Louis Vuitton catwalk in Paris October 6, 2021 Protesters disrupted a Louis Vuitton fashion show in Paris last night by walking down the catwalk with a banner condemning the impact of excessive consumption on the environment. Watch the full report.
Japan to restart nuclear power plants amid carbon cutting push October 5, 2021 Japan is set to fire up its nuclear power plants as it looks to expand its renewable energy offering amid a push to slash its emissions, its new industry minister has said today. The efforts are a bid to cut 46 per cent of its carbon output from 2013 levels by 2030, while the country [...]
COP26: What do diamonds and sunglasses have to do with climate change? October 5, 2021 What do diamonds, sunglasses, high-end lululemon sportswear and concrete have to do with climate change? They can all be made using carbon dioxide (CO2), locking up the planet warming gas. Watch the full report.
COP26 one month to go: More than 3m Brits don’t believe climate change exists October 5, 2021 With COP26 less than four weeks away, new research has found that one in 20 Brits, just over 3.3m people across the UK, deny the existence of climate change, while over a third is optimistic that the world will avert a climate disaster in their lifetime. This is despite current estimations from the IPCC predicting [...]
