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Category: ESG United Kingdom
• British International Investment’s (BII) $60 million investment supports the $510 million Green Investment Partnership (GIP) under Singapore’s FAST-P framework.• The initiative aims to close Southeast Asia’s $210 billion annual...
London greenlights flagship CCS contracts Britain has signed contracts for two commercial-scale carbon capture and storage (CCS) projects, a step aimed at curbing emissions from some of the country’s most...
Madrid strategy sets course for next decade Iberdrola, Europe’s largest utility, unveiled a sweeping €110 billion ($120 billion) investment plan through 2031, cementing its shift away from risk-heavy renewable generation...
A new study from sustainability software firm osapiens shows that over two-thirds of UK companies view sustainability reporting not just as a compliance requirement, but as a driver of innovation...
Asda has launched a sustainability-linked supply chain finance program with Lloyds, offering UK suppliers improved payment terms and rates tied directly to their sustainability performance. Under the scheme, suppliers who...
The UK Government and devolved administrations have confirmed a major expansion of the UK Emissions Trading Scheme (ETS) to include engineered greenhouse gas removals (GGRs), targeting operational integration by end-2029...
Drivers, businesses, and the public sector across the UK are set to benefit from a new £63 million government investment aimed at accelerating the electric vehicle (EV) transition, cutting charging...
The UK government has unveiled a comprehensive reform package to modernize the electricity market, confirming a decision to retain a single national pricing model while introducing strategic reforms aimed at...
UK Launches Green Finance Pilot to Tackle Barriers to Emission Cuts Chancellor Rachel Reeves will direct UK financial regulators to address obstacles hindering businesses from cutting carbon emissions, as part...
Sumitomo Corporation, through its UK subsidiary Summit Energy Evolution Limited (SEEL), is investing in the development of a new CO₂ transport pipeline to serve Peak Cluster, a major carbon capture...
Veolia has begun construction on the UK’s first “tray-to-tray” closed-loop PET recycling facility, marking the launch of its largest UK plastics project to date. The £70 million ($90 million) investment...
The UK has announced a £12 million funding package aimed at bolstering disaster risk finance for climate-vulnerable countries—part of a broader strategy to position the UK as a global hub...
ERM, the world’s largest specialist sustainability consultancy, has helped SSE and Equinor secure planning consent for the UK’s first hydrogen-to-power project — the Aldbrough Hydrogen Pathfinder — marking a key...
UK local authorities are significantly increasing their climate efforts, identifying £67 billion worth of climate projects, even as nearly half say budget constraints are impeding progress. This is according to...
The UK government has launched its first-ever Onshore Wind Strategy, aiming to reverse nearly a decade of stagnation in the sector and deliver a major boost to its clean energy...
SP Energy Networks, the distribution arm of Iberdrola in the UK, has committed £1.4 billion to deliver critical onshore transmission infrastructure across central and southern Scotland—supporting the UK Government’s Clean...
The UK government has announced a major step in its mission to become the “sustainable finance capital of the world”, launching a set of consultations aimed at standardizing climate transition...
The UK government has allocated £200 million to the Acorn carbon capture and storage (CCS) project in Scotland — marking the largest government funding commitment to the project to date....
A new report by the University of Nottingham and law firm Browne Jacobson reveals that UK organisations remain firmly committed to ESG and sustainability, despite political shifts in the UK...
The UK Government has formally approved Sizewell C, marking the first majority British-owned nuclear power plant announcement in over three decades. The Chancellor is set to confirm £14.2 billion in...
ScottishPower Energy Networks (SPEN), Iberdrola’s UK distribution arm, is investing over €262 million to upgrade and future-proof the UK’s electricity distribution infrastructure. The initiative aligns with the country’s climate targets...
Pioneering Project in Essex Set to Power Tomatoes with Household Waste A 40-hectare low-carbon greenhouse complex powered by household waste is set to open in Essex by 2027, marking a...
Gresham House has closed its largest-ever forestry fund, raising $500 million for Forest Fund VI with backing from major institutional investors, including British local government pension schemes and a Japanese...
ArcelorMittal has reaffirmed its commitment to decarbonizing its French operations with a planned €1.2 billion investment in a new electric arc furnace (EAF) in Dunkirk. This move signals renewed confidence...
Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, marking the official green light for construction. The initiative is central...
The UK government has launched a consultation on a set of six “integrity principles” for carbon and nature credit markets, aiming to build trust, enhance transparency, and accelerate private sector...
The global push toward net-zero emissions by 2050 is not a lofty ambition—it’s an essential strategy to secure long-term economic resilience and mitigate climate risk. As the world faces intensifying...
Britain is rolling back parts of its Zero Emission Vehicle (ZEV) Mandate in a bid to protect its auto industry from the fallout of new 25% tariffs on car imports...
The British Standards Institution (BSI) has introduced groundbreaking government-backed standards, the Overarching Principles Standard (BSI Flex 701), to boost investment in nature-friendly projects across the UK. This pioneering standard—the first...
China’s Finance Ministry announced Wednesday that it plans to issue its first-ever overseas sovereign green bonds in yuan, totaling up to 6 billion yuan ($829 million), with London chosen as...
Britain will invest £1.8 billion ($2.33 billion) in energy-saving upgrades through the Warm Homes Plan, targeting social housing residents struggling with high energy costs. The upgrades—including insulation, double glazing, solar...
M&G Investments has announced that its Sustain Paris Aligned fund range will adopt the ‘Sustainability Improvers’ label in the UK. The range includes three funds: the M&G Global Sustain Paris...
The UK Government’s Seventh Carbon Budget sets an ambitious target to limit greenhouse gas emissions to 535 MtCO2e from 2038 to 2042. This includes emissions from international aviation and shipping...
AstraZeneca’s Green Energy Leap: AstraZeneca has launched a biomethane plant in Lincolnshire, England, to power all of its UK research and drug manufacturing facilities with clean energy by the end...
Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, has acquired full ownership of the 480MW Morecambe offshore wind project from COBRA Group and Flotation Energy, a...
Britain submitted its climate action plan to the UNFCCC, confirming its commitment to cutting greenhouse gas emissions by 81% by 2035. This follows Prime Minister Keir Starmer’s pledge at COP29...
The UK Government has officially announced the launch of a Deposit Return Scheme (DRS) in October 2027. The long-anticipated initiative aims to boost recycling rates by offering financial incentives for...
Schroders, a leading global active investment manager, announced its intention to adopt all four of the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels, covering 16 funds. This move...
BlackRock has launched the BFM Brown to Green Materials Fund, a UK-domiciled mutual fund designed to accelerate the decarbonisation of industries critical to the low-carbon transition. This includes sectors like...
Aegis Energy has secured a £100M investment from Quinbrook Infrastructure Partners to build the UK’s first clean, multi-energy refuelling hubs for commercial vehicles. The hubs will support fleets transitioning to...
Schroders has been entrusted with a £5.2 billion sustainable investment mandate by UK wealth manager St. James’s Place (SJP), marking a significant endorsement of Schroders’ sustainable and active investment expertise....
Great Britain marked a milestone in 2024 as coal generation ended on September 30 with the closure of Ratcliffe power station. This marked the final chapter of 142 years of...
The UK Government has committed £7.2 million to help developing countries transition to nature-positive economies. The International Nature Positive Economy Programme, announced by Treasury Lords Minister Baroness Penn at the...
Ed Miliband’s ambitious drive to make Britain Net Zero by 2029 comes with a hefty £37.4 billion price tag, according to an audit by The Mail on Sunday. The allocation...
UK FRC Pushes for ISSB Reporting Standards The UK Financial Reporting Council (FRC), acting as secretariat to the UK Sustainability Disclosure Technical Advisory Committee (TAC), has urged the UK Government...
UK’s Energy Revolution The UK government has launched its Clean Power Action Plan, aiming to secure energy independence and tackle the climate crisis by 2030. Energy Secretary Ed Miliband called...
Equinor, alongside bp and TotalEnergies, has taken a major step forward in decarbonizing the UK’s industrial regions with the approval of the Northern Endurance Partnership (NEP) and Net Zero Teesside...
Here are five notable sustainability developments from the past week: Related Article: IMF Barbados Agree To $30 Million in Loans Under Climate Trust Follow ESG News on LinkedIn
London, Dec 6, 2024 (ESG NEWS) – Qatar has officially launched the trading of its first green bonds on the London Stock Exchange (LSE), marking a milestone in the nation’s...
Qatar has pledged £1 billion ($1.3 billion) to bolster the UK’s climate technology sector, with a focus on fostering innovation and supporting the energy transition. Rolls-Royce, a key player in...
EQT Active Core Infrastructure fund (EQT) and global investor GIC have announced an agreement to acquire a majority stake in Calisen Group, a leading UK provider of smart meters and...
CBRE IM strengthens sustainability leadership CBRE Investment Management (CBRE IM) has named George Crone as Sustainability Lead for UK Direct Investments, reinforcing its commitment to achieving net-zero and advancing its...
Schroders pioneers sustainable investment labels Schroders announced plans to adopt the UK Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels for 10 of its funds, solidifying its position as...
Barclays Calls for Bold Action Barclays has urged the UK Government to take decisive steps to decarbonize homes and meet the ambitious 2035 emissions reduction target of 81% below 1990...
What’s happening: The UK government is set to begin consultations on its zero-emission vehicle mandate, confirming the ambitious 2030 deadline for phasing out new petrol and diesel car sales. This...
The UK government has taken a significant step to regulate Environmental, Social, and Governance (ESG) ratings providers, aiming to bolster transparency and ensure robust oversight in a market set to...
Prime Minister Keir Starmer, speaking at COP29 in Baku, Azerbaijan, declared the UK’s intensified commitment to lead in the global clean energy transition. “Our mission to make Britain a clean...
ScottishPower has formalized a major £1 billion turbine supply contract with Siemens Gamesa for its East Anglia TWO offshore windfarm. The deal involves Siemens Gamesa providing 64 SG 14-236 DD...
The Climate Investment Funds (CIF) has launched its ambitious Capital Market Mechanism (CCMM) on the London Stock Exchange (LSE), designed to raise up to $75 billion (£58 billion) to finance...
The UK’s Department for Energy Security and Net Zero (DESNZ) and Westminster Council have launched a £1 billion heat network aimed at providing low-carbon heating to some of London’s most...
LGT Wealth Management, a top wealth manager in the UK, has appointed Phoebe Stone as its first Chief Sustainability Officer (UK), underscoring its commitment to sustainability and advancing its Net...
Ørsted has entered a strategic partnership with Brookfield Asset Management, its institutional affiliates, and Brookfield Renewable, who will acquire a 12.45% minority stake in four of Ørsted’s UK offshore wind...
Key Impact Points: The UK government has appointed Ruth Davis OBE as the country’s first Special Representative for Nature, signaling its commitment to addressing the global biodiversity crisis. This announcement...
Key Impact Points: Bond Pricing and Details On October 15, 2024, the World Bank priced a 10-year GBP-denominated benchmark bond, raising £700 million to support sustainable development activities in its...
Macquarie Group’s Managing Director and CEO, Shemara Wikramanayake, announced the Australian financial services group’s plan to invest £20 billion across its UK portfolio. A key highlight is the support for...
Doubling Down on Green Energy Spain’s Iberdrola, Europe’s largest electricity company, announced plans to double its UK investment to £24 billion ($31 billion) between 2024-2028. The move, ahead of the...
Key Impact Points: Plans to build the UK’s first deep coal mine in over three decades have been blocked by the High Court. The mine, proposed for Whitehaven in Cumbria,...
Key Impact Points: Strategic Investment in Carbon Capture The UK government has reaffirmed its commitment to combatting climate change by allocating up to £21.7 billion to carbon capture and storage...
Key Impact Points: Marriott Hotels UK is taking a significant step in sustainability by deploying Winnow AI technology across 53 hotels in the UK, Ireland, and Nordics. This innovative system...
Key Impact Points: BNP Paribas Asset Management (BNPP AM) has made a significant move by listing four ESG equity ETFs on the London Stock Exchange (LSE) for the first time....
Britain’s Final Chapter on Coal The UK’s last coal-fired power station, Ratcliffe-on-Soar, closed its doors on Monday, making Britain the first G7 nation to end its reliance on coal for...
LSEG’s Commitment to Transition Finance The London Stock Exchange Group (LSEG) has contributed to the latest Glasgow Financial Alliance for Net Zero (GFANZ) publication, titled “Case Studies on Transition Finance...
Amazon has introduced its new recyclable, lightweight paper envelopes in the UK, part of its ongoing commitment to reducing packaging waste. Developed in collaboration with Mondi, a packaging industry leader,...
Enfinium, a leading UK energy from waste operator, has launched the country’s first carbon capture pilot at its Ferrybridge facility in West Yorkshire. The trial marks a pivotal moment for...
The 2024 UK Net Zero Business Census sheds light on the nation’s progress toward reducing carbon emissions. The study, which is the largest of its kind, surveyed over 2,000 businesses,...
Nearly half of the UK’s largest companies have had to restate their climate and sustainability metrics this year, reflecting the increasing scrutiny and evolving standards in environmental, social, and governance...
The UK has reached a significant milestone in its journey toward renewable energy: 30 gigawatts (GW) of wind power capacity. This achievement marks a crucial step in the country’s commitment...
Amazon is revolutionizing urban deliveries in the UK with its innovative micromobility hubs. These hubs, now operational in major cities like London, Manchester, Glasgow, Belfast, and Norwich, enable deliveries via...
The UK government is set to propose a law in 2025 aimed at regulating providers of Environmental, Social, and Governance (ESG) ratings, a move that could reshape the landscape of...
Freeport East Partners with ITES for Green Transport Growth Freeport East has teamed up with Innovating for Transport and Energy Systems (ITES) to drive clean transport innovation and enhance trade...
Britain’s financial watchdog has expanded the range of “dormant” assets, potentially unlocking an extra 880 million pounds ($1.12 billion) to fund social and environmental projects. This expansion aims to support...
The UK government has announced a record budget of over £1.5 billion for the next renewable energy auction, aiming to enhance energy security and reduce costs for families and businesses....
The number of plastic bags found on UK beaches has plummeted by 80% over the past decade, following the introduction of a mandatory fee for single-use carrier bags. According to...
Prime Minister Keir Starmer and Energy Secretary Ed Miliband announced a major partnership between Great British Energy and The Crown Estate, projected to drive up to £60 billion in private...
The UK is taking a significant step toward sustainable air travel by introducing a mandate for sustainable aviation fuel (SAF). From January 1, 2025, the SAF mandate will require 2%...
Schroders Greencoat Expands UK Solar Portfolio Schroders Greencoat, a specialist in renewables and energy transition infrastructure, has successfully acquired a UK-based solar portfolio from METLEN Energy & Metals (formerly MYTILINEOS)....
Economic Growth and Infrastructure His Majesty The King outlined the government’s legislative agenda, prioritizing economic growth, job creation, and infrastructure development. The King’s Speech introduced over 35 bills to support...
Former UK Energy Minister Chris Skidmore has launched Desmos Capital Partners, a new private investment bank focused on supporting clean energy startups. This “boutique” bank aims to raise private capital...
Investors in the UK are prioritizing sustainability and ESG considerations more than ever in their investment processes, according to KPMG’s 2024 Global ESG Due Diligence Report. This shift has significantly...
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has committed $75 million to the second Green Basket Bond arranged by Symbiotics Investments, a leading emerging...
Key Impact Points: Schroders announced the UK launch of the Schroder Emerging Markets Value Fund, addressing the increasing UK client demand for exposure to the long-term growth potential of emerging...
A new report published today by the City of London Corporation and Climate Policy Initiative (CPI) has revealed that tracked UK financial institutions have almost tripled their investment into clean-energy...
Mizuho Financial Group, Inc. (President & Group CEO: Masahiro Kihara), one of Japan’s leading global financial institutions, and London Stock Exchange Group (CEO: David Schwimmer; LSEG) announce an agreement to...
Key Impact Points: Sport England has unveiled its first Sustainability Strategy, “Every Move,” requiring major sports organizations to develop robust sustainability plans by 2027 to secure funding. Chris Boardman, Sport...
The UK’S fastest and most powerful supercomputer, located at the University of Bristol, is now officially online, with pioneering technology helping to make the UK a world leader in artificial...
Energy Security Secretary has told Parliament that with growing geopolitical tension, the best agricultural land must be protected for food security. The best agricultural land should be prioritised for food...
The UK Sustainable Investment and Finance Association (UKSIF), which brings together 300+ members managing over £19 trillion in global assets under management (AUM), has released a report showing that the...
The United Kingdom (UK) and Singapore held the 9th UK-Singapore Financial Dialogue in Singapore today. Both countries discussed collaboration opportunities in priority areas such as sustainable finance and FinTech and...
The first phase of the U.K.’s Sustainability Disclosure Requirements (SDR), known as the anti-greenwashing rule, comes into effect at the end-of-May and will be followed by a series of substantial...
Amazon is now delivering millions of packages in major UK cities like London, Manchester, Glasgow, and Belfast using electric cargo bikes and foot couriers. This shift away from traditional delivery...
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