FTSE 350 firms up spending on ‘carbon offsets’ in race to net zero January 8, 2023 The UK’s top listed companies are increasingly using carbon offsets to achieve their net zero goals, new research shows. The vast majority (96 per cent) of Britain’s FTSE 350 companies have already upped expenditure on carbon credits over the past 24 months, while almost half (47 per cent) intend to increase spending dramatically over the [...]
UK sets aside £9.2m to train Brits to make homes more energy efficient December 1, 2022 The UK government has set aside £9.2m to train Brits to make homes more energy efficient. Nearly 9,000 training free or heavily subsidised courses are set to be run across England for heat pump and energy efficiency installers, the government announced today. The global housing sector produces around 40 per cent of the world’s emissions. [...]
Net zero is important to most businesses but few track supply chain emissions, finds Deloitte November 9, 2022 Net zero is continuing to fall to the bottom of the priority list for most organisations in the UK despite glowing pledges, according to a report by Deloitte today. Just a quarter of public and private sector bodies track emissions across their supply chain, also known as scope 3 emissions, the report in collaboration with [...]
Boost the City by signing trade deals and seizing net zero opportunities, finance sector lobby group says November 7, 2022 The UK government should overhaul regulation of the financial sector with a view to boosting the City’s green credentials and extending its global reach, one of the Square Mile’s most powerful lobby groups has said. The government should focus on the opportunities posed the global energy transition by transforming Canada into a [...]
Tech could get Britain’s net zero target back on track October 31, 2022 Tech could get Britain back on track to meet its net zero commitment after the chair of the independent Climate Change Committee warned that progress on the target had gone awry in recent months. With the UN’s flagship climate conference COP27 in Egypt one week away, Committee chair Lord Deben told The Independent today that [...]
Net zero gas firm IOG rings changes with new CEO, CFO and COO to give ‘fresh impetus’ October 20, 2022 The CEO of net zero gas operator IOG has announced he will step down after five years in the job, with a raft of other board changes in the pipeline. Andrew Hockey will retire from the company with immediate effect, but will remain an adviser ahead of the 33rd offshore licensing round. His replacement has [...]
UK net zero ambition needs “huge engagement” from SMEs October 6, 2022 Small businesses are keen to play their part in the UK’s journey to reach net zero by 2050 but decarbonising is complicated and expensive. It will be impossible to reach the UK’s net zero by 2050 goal without “huge engagement” from the UK’s 5.7 million Small to Medium Enterprises (SMEs), says Chris Hocknell, director of Eight Versa, [...]
Walsh: Anything shy of 2050 net-zero goal will be a failure September 27, 2022 Aviation boss Willie Walsh is calling on governments and industry regulators to commit to a net-zero goal by 2050. “I think anything shy of that will be viewed as a failure,” he told journalists on Tuesday afternoon as he talked about the ongoing International Civil Aviation Organization (ICAO) assembly in Vancouver. The UN body’s assembly [...]
Easyjet ends carbon offsetting scheme as it focuses on new aircraft technology September 26, 2022 Easyjet is ending its carbon offsetting scheme at the end of the year in favour of a multi-million-pound investment into new aircraft technology under its roadmap to net-zero by 2050. As part of the plan, older planes will be replaced with 168 new Airbus NEO, which are 15 per cent more efficient and 50 per [...]
Insurers grapple with transition to a greener world August 10, 2022 Last week, a coalition of thirteen of the UK’s major insurers vowed to cut their supply chain emissions as part of the Sustainable Markets Initiative’s (SMI’s) sustainable supply chain pledge. In signing the SMI pledge, the 13 insurers and brokers – including Axa, Phoenix, Lloyd’s, and Direct Line – vowed to work with their suppliers [...]