Entrepreneurs selected for social investment project
A group of 30 social entrepreneurs have been selected to take part in Big Venture Challenge – an “investment accelerator” that looks to improve the way investors put their money into organisations that focus on delivering social benefits. Social enterprise foundation UnLtd selected the final 30 from 140 applicants....
Pension fund trade body launches responsible investment guide
The National Association of Pension Funds (NAPF) has launched a guide to responsible investment, which encourage its members to take factors other than financial returns into account when investing. NAPF members, who collectively manage £900 billion worth of assets, are invited in the guide to integrate environmental, social and...
Oklahoma residents face inadequate compensation after tornado
Residents affected by the Oklahoma tornado in the US might not have sufficient insurance cover to restore their properties, with the insurance industry already struggling because of the frequency of natural disasters. According to the Huffington Post, some homeowners and businesses decided to buy less insurance to save money...
Clean energy can save UK £45bn and slash emissions, says climate watchdog
Investing in clean energy will bring about significant financial benefits, to the tune of around £1,600 per UK household, while also helping slash greenhouse gas emissions, according to the government’s official climate change advisers. The Committee on Climate Change’s latest report, Next steps on Electricity Market Reform – securing...
‘The crux of sharia banking is ethical banking’
The principles of Islamic finance are entirely based around ethics, and this makes it suitable for everyone; not just for Muslims, according to Nasir Awan, CEO of Awan Marketing International. The Islamic investment industry is expected to grow consistently over the next few years and because of the sharia...
Revised sustainability framework looks to cut out ‘tick box reporting’
The Global Reporting Initiative (GRI) has released G4, an updated edition of the most widely used sustainability reporting framework in the world. G4, which was unveiled to an audience of 1,600 at its 2013 Global Conference at the Amsterdam Stock Exchange on Wednesday, aims to encourage sustainable business while...
Oil companies are putting investors’ money at risk
Oil giants including BP and Exxon Mobil have been accused of playing ‘Russian roulette’ with investors’ money because of their links with poor performing Russian energy firms that are drilling in the Arctic. Three campaign groups – Greenpeace, Platform, and ShareAction – have said that a number of major...
State of Nature report reveals alarming UK wildlife loss
A coalition of wildlife organisations has undertaken a ‘health check’ of a selection of wildlife from the UK and elsewhere. The study, the first of its kind in the UK, warns that 60% of studied species are in decline. Renowned natural history presenter, Sir David Attenborough, and several UK...
Speed of Amazon deforestation increased by 88% in 2012
Deforestation in the Amazon rainforest has continued to increase, accelerating by 88% in 2012 according to satellite analysis. Brazilian NGO Mongabay’s deforestation tracking system, SAD, detected that 1,570 square kilometres (sq km) of forest was lost between August 2012 and April 2013. However, SAD, which is operational in Google...
World’s largest CO2 emitter, China, to set climate targets by 2016
China, the world’s largest emitter of carbon dioxide, has agreed to impose carbon reduction targets for the first time – a move that could push the country to the forefront in fighting climate change. Its decision, which will see a greenhouse gas emissions cap set by 2016, is likely...
IoD report ‘hopelessly misleading’ about shale gas
The Institute of Directors has been accused of “cheerleading for the industry” after publishing a report that explores the potential of fracking in the UK. The study, which has been funded by the fracking firm Cuadrilla and has a front cover image donated by Shell, looks at how the...
SMEs are helping to unlock £3tn low-carbon tech sector
The number of small and medium-sized enterprises (SMEs) that are innovating in low-carbon technologies has doubled in the last two years, rising from 37% in 2011 to 76% in 2013, according to new research. A study entitled Low carbon entrepreneurs: the new engines of growth, conducted by the Carbon...
‘Greening’ global trade holds significant opportunities, says UN
To achieve long-term and stable prosperity, developing countries should embrace a green economy and look at sustainable trade opportunities, a new UN report has said. The UN Environment Programme’s (UNEP) study, Green Economy and Trade, highlights six key sectors in which adopting a ‘greener approach’ will be beneficial in...
Friends of the Earth study links UK banks with land grabbing
Friends of the Earth has claimed that two high street banks are funding a palm oil company involved in land grabbing activities in Uganda, violating environmental regulations and affecting the local community’s lives. According to campaign group’s research, Barclays and HSBC, together with investment firm Schroders, are helping fund...
Introducing: The Guide to Limitless Clean Energy 2013
There’s a quote by Thomas Edison, inventor of the lightbulb, the motion picture camera and many other things, about renewable energy. Speaking in 1931, he said, “We are like tenant farmers chopping down the fence around our house for fuel when we should be using nature’s inexhaustible sources of...
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