Friday 11th July 2014                 Change text size:

Photo: CraneStation via Flickr

Discovery helps biologists understand how plants respond to rising levels of carbon dioxide

Biologists from San Diego could help scientists understand how the burning of fossil fuels affects plants and help engineer ways to improve crops. Scientists at the University of California, San Diego, have published a paper in the journal Nature regarding the discovery of a new genetic pathway in plants....


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Samsung accused of using child labour in its supply chain

Samsung is facing allegations that one of its suppliers based in China has been using child labour in order to meet demand. The accusations have led to an online petition calling for the electronics manufacturer to assess its supply chain and ensure it complies with human rights. The accusations...


cigarette by ducdigital via flickr

Big tobacco giants Reynolds and Lorillard in $56bn merger

American Reynolds and Lorillard are in ongoing talks this week regarding a merger that would redefine big tobacco as a global industry. The move, which would gain the merger a combined market capitalisation of $56 billion (£32b), would bring two of the three largest tobacco operators in the US...


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Climate change targets may not be enough to prevent 2C global warming

Even if governments can agree on a global pact to cut carbon emissions in a crucial UN summit next year, it may already be too late to prevent the most devastating impacts of climate change, a new study has claimed. Analysts suggest the mitigation strategies and targets that negotiators...


Photo: Andrew and Annemarie via Flickr

Church of England finally cuts ties with payday lender Wonga

The Church Commissioners for England continue to move towards ethical investment as they officially announce that their indirect investment in controversial payday lender Wonga has been removed. The Church of England (CoE) saw mounting criticism in July last year as it was revealed the church had invested parts of...


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Archbishop joins F&C at event to mark 30 years of ethical investment

The archbishop of Canterbury Justin Welby has said how ethical investment “changes the future”, at an event marking the 30th anniversary of the UK’s first ethical fund range. Speaking at his official residence, London’s Lambeth Palace, he paid tribute to F&C Asset Management’s Stewardship funds – which launched in...


Photo: Ben Sutherland via Flickr

207 global cities say climate change is a threat to local economy

Most of the world’s major cities, from London to São Paulo, have warned that climate change presents a very real, physical risk to the businesses that operate within them, as part of a major new report. In an urbanised age, cities play a vital role in the global economy....


Photo: Emilian Robert Vicol via Flickr

Norway to reduce harmful greenhouse gas through purchase of certified emission reductions

The Nordic Environment Finance Corporation (NEFCO) has closed its procurement of certified emission reductions (CERs) after successfully contracting 21 million CERs from 13 projects. NEFCO is an international financial institution owned by five Nordic countries. It aims to help the environment and reduce levels of CO2 through financing projects...


Photo: Oatsy40 via Flickr

Support for social enterprises as Labour reveals plans for shakeup of public contracts

Some public service contracts could be reserved exclusively for social enterprises under plans from Labour, Chi Onwurrah, shadow cabinet office minister, has announced. Labour say they will “make social enterprises the new innovative frontline of the public sector”, with the hope of promoting socially driven organisations and limiting the grip...


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Martin Wolf: failing to act on climate change is ‘irresponsible’

Climate sceptics are “losing their grip”, according to the associate editor and chief economies commentator of the Financial Times, Martin Wolf. He added that the world is currently on a path likely to lead to “irreversible damage”. Wolf, who is regarded as one of the most influential writers on...


US/China

US signs climate change deal with China to promote renewable energy

The US and China have signed eight environmental energy pacts that will cut greenhouse gas emissions between the world’s two largest carbon emitters. As part of the US-China Strategic and Economic Dialogue, signed in Beijing by top White House officials including secretary of state John Kerry, the deal proposes...


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Vatican Bank’s ‘painful but necessary’ reforms cause profit loss of €83m

The Institute for the Works of Religion (IOR), also known as the Vatican Bank, has reported €2.9 million (£2.3m) net profits for 2013 from €86.6 million (£68.8m) in 2012. The loss reflects the massive changes and reforms undertaken by the new Pope to clean up the bank’s financial operations....


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EU-US trade deal will ‘force farmers out of business’, say producers

The Landworkers’ Alliance (LWA) has added its voice to the growing concerns about the Transatlantic Trade and Investment Partnership (TTIP), with a protest planned by the group for Saturday. Negotiations on the proposed EU-US trade deal are taking place in Brussels next week and many campaign groups have spoken...


Prince Charles - John Williams via Flickr

Prince Charles: sustainability issues have a ‘profound impact on the bottom line’

Prince Charles has spoken out about the impact of environmental risks to businesses, in a speech at the Institute of Internal Auditors’ (IIA) 73rd annual conference. The event, which welcomed more than 2,000 international guests, is taking place at the ExCel Centre in London, where it began on Sunday....


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Brewer SABMiller announces ambitious sustainability targets

In order to effectively operate in a world that is facing a range of sustainability challenges, brewing firm SABMiller has announced a new set of targets for 2020, covering issues from water efficiency to supporting small businesses. The business, which is the second largest brewer in the world, plans...


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