Wednesday 23rd April 2014                 Change text size:

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46% of executives say climate change demands ‘urgent’ action

Just under half of senior executive worldwide believe the effects of climate change call for ‘urgent and immediate’ action from governments, business and civil society, according to a poll from the Economist Intelligence Unit (EIU). Some 46% of the 2,324 respondents said urgent action was required, with an additional...


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Vince Cable calls on FTSE 100 to create sustainable remuneration packages

Business secretary Vince Cable has warned the remuneration committees of FTSE 100 companies to curb excessive pay packages or risk further action. He argued that more sustainable deals and a focus on long-term goals were needed. Cable’s comments come ahead of this year’s annual general meeting (AGM) season, which...


matt buchanan via flickr

Apple reveals environmental progress and warns that climate change ‘is real’

Tech giant Apple has outlined a range of improvements to its sustainability credentials and warned that climate change “is real” and is “a problem”. The company also claimed that it wants to leave the world in a better state than how it found it. Apple revealed that 94% of...


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Bank of England to manage financial services security check

The Bank of England is set to oversee a series of “ethical hacking” operations of financial services firms, in a bid to assess their defences against cyber crime. Ethical hacking involves individuals attempting to penetrate networks or computer systems using the same methods as a hacker in order to...


CIAT via Flickr

Debate over study that says corn biofuels worse than gasoline in the short-term

A new study has claimed that ethanol obtained from corn emits more greenhouse gas than gasoline in the short-term – findings that the industry and the US government have contested. The research has been published in Nature Climate Change and suggests that over the first few years, corn-based biofuels...


Rob Schofield via flickr

FCA handed fines to just 18 City executives in 2013 – down 40% in four years

The Financial Conduct Authority (FCA) fined just 18 senior managers in 2013, raising concern that the misconduct and bad practice that has led to financial scandals is not being sufficiently tackled. The figure is 40% lower than the 30 fines handed out in 2010, despite the emergence of Libor...


Photo: Matic Zupancic via freeimages

Archbishop and pope use Easter messages to call for an end to conflict and poverty

Both the archbishop of Canterbury and the pope have spoken out during their respective Easter services against the suffering faced by people in war-torn countries like Syria, Ukraine and Rwanda. They also said they hoped for an end to poverty and hunger. The Most Rev Justin Welby, archbishop since...


Photo: Michael & Christa Richert via freeimages

Impax among winners of Queen’s Award for sustainable development

More than 160 British businesses have been honoured with a Queen’s Award for Enterprise, with leading sustainable investor Impax one of only 13 firms to be recognised in the sustainable development category. Published on Monday to coincide with the Queen’s birthday, the awards honour businesses and individuals leading the...


coal By Emilian Robert Vicol via FLickr

EU set to fund UK carbon capture and storage project

The European Union has given the go-ahead to a UK-based carbon capture and storage (CCS) project that would help clean up a fossil fuel plant by capturing emissions and burying them deep under the North Sea. The White Rose CCS project will combine the existing coal-fired power station in Selby, North...


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Jimmy Carter speaks out against Keystone XL tar sands pipeline

Former US president Jimmy Carter has urged current president Barack Obama and secretary of state John Kerry to reject the construction of the controversial Keystone XL pipeline. The proposed project would link Canada’s tar sands to refineries in Texas and could transport 800,000 barrels of oil per day. The...


kris krüg via flickr

Ex-BP manager to pay $224,000 over 2010 oil spill insider trading charges

A former BP employee is set to pay a $224,118 (£133,500) settlement for charges relating to the firm’s 2010 oil spill in the Gulf of Mexico. He is accused of having sold $1m of shares in the company before the information on the gravity of the incident became publicly...


RBS By Elliott Brown via Flickr

RBS takes top spot in renewable lending and sets out sustainability plans

The Royal Banks of Scotland (RBS) was the leading lender to renewable energy projects in 2013 and now aims to build on this to improve trust and sustainability within the company. It also says it plans to meet customer demand to build a “stronger, values-based culture” in its 2013...


Matt Paish via flickr

Rio Tinto criticised at AGM over sustainability and worker deaths

The Anglo-Australian mining firm Rio Tinto has come up against strong criticism from its shareholders and campaigners at its annual general meeting (AGM), who have accused the company of failing on health and safety and environmental sustainability. Forty-one workers, including 33 Indonesian gold miners, died in an accident that...


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Impact of urbanisation on built environment ‘staggering’, says report

Big business needs to “ramp-up” its board-level understanding of built environment issues, such as dealing with problems related to carbon targets, a new report has warned. The University College London-commissioned report – The Built Environment: Profit Warning – looks at how the world and businesses will need to adapt...


Ben Grantham via flickr

FAO: agricultural emissions have doubled in 50 years

New data from the UN Food and Agriculture Organisation (FAO) says that greenhouse gas emissions from agriculture, forestry and fisheries have nearly doubled over the past five decades and are set to increase by a further 30% by 2050. In a new report, the FAO has analysed greenhouse gas...


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