North Korea nuclear attack ‘not imminent’ says the South
South Korean authorities have said that they haven’t detected any suspicious activities at the Punggye-ri site where it was thought the North was running nuclear tests. Tension remains high in the Korean peninsula, and between North Korea and the UN. The BBC reports today that South Korean unification minister Ryoo...
Annual figures from Ecology bolster case for ethical banking
Sustainable finance institution Ecology Building Society has revealed that it increased its net profits by 8% in 2012 – a figure that comes just two weeks after a study showed profits from the big five banks were nullified by past fines and mistakes. Ecology’s £459,000 surplus last year is...
Foundations collaborate to promote impact investment in Africa
Two philanthropic foundations have created an African impact investment fund, which they hope will go on to drive social and economic change across the continent. The Rockefeller Foundation and the Tony Elumelu Foundation announced the creation of the Impact Economy Innovations Fund (IEIF) at an event on Friday. Impact...
New York City could be renewables-driven by 2030
A study has said that New York City could be powered by energy from wind, solar and hydro technologies with intelligent and long-sight investment into renewables. With an estimated population of over 8 million people, the big apple is the most populous American city, well-known for its frenetic and stylish...
£10m investment needed to kickstart Swansea Bay tidal lagoon
The developer of a 250 megawatt (MW) tidal lagoon at Swansea Bay is seeking £10m in public funding to support its project, which will provide clean power to over 100,000 homes. The first of its kind in the UK, Swansea Bay could play host to one of the largest...
Councils are still investing in tobacco while fighting smoking addiction
Councils across the UK are investing millions into the tobacco industry through pension funds, while simultaneously working on public health issues by asking smokers to quit. Health and smoking charity ASH picked out three local authorities – Sutton, Croydon and Merton – for scrutiny because of their links to...
NGOs appeal to World Bank to stop funding fossil fuels
More than 50 NGOs from all over the world have signed a letter asking World Bank president Jim Yong Kim to take urgent action against climate change. Although it is widely acknowledged that climate change threatens the long-term future of the planet, many larger institutions have yet to take a...
US water investors call for better disclosure on company threats
A group of investors have asked for better disclosure on how US water companies are dealing with environmental challenges, including the impact of climate change on water supplies and their strategies for water conservation. A dozen investors, controlling over $40 billion in assets, requested the greater transparency in a...
Grand National punters can also bet on climate change… but probably shouldn’t
This afternoon, the horse racing calendar’s most popular event, the Grand National, takes places at Aintree. While millions use it as an opportunity to have their annual flutter, the event has received criticism from campaigners over animal welfare. Since 2000, 11 horses have died after either falling at a...
Banking commission says HBOS record is a ‘manual of bad banking’
The parliamentary banking commission has criticised three ex-HBOS executives over their “colossal failure” amid the financial crisis of 2008, and called for the trio to be banned from the City indefinitely. The commission’s damning report, which serves as a rallying cry for sustainable and responsible banking, describes HBOS’ near-collapse...
Transparent investment policies can boost charity donations
Charity behaviour and investment transparency can positively influence potential and current donors, according to research by microfinance provider Oikocredit. Its study found that 48% of people donating to charity were more likely to donate to ones that made their investment goals clear. It also showed that members of the...
MPs urge insecticide ban to save bees
A committee of MPs has said that the government should suspend the use of the neonicotinoid insecticides that have been linked to the declining bee population. The environmental audit committee’s report, Pollinators and Pesticides, outlines that although nobody knows for certain why two-thirds of UK bees have been wiped...
Sustainability in the workplace reflects on employees’ personal choices, says study
Employees engaged in corporate social responsibility (CSR) practices in their jobs are likely to make sustainable choices at home, according to a US study. Gibbs & Soell’s Sense & Sustainability report says that around 73% of adults that are involved in environmental and social responsibility programmes at the workplace tend...
Seven UK firms make it onto World’s Most Ethical Companies list
International thinktank the Ethisphere Institute has just revealed its annual rundown of the World’s Most Ethical Companies (WME), in which seven UK firms are included. The 2013 WME list contains 138 companies (down from 145 last year) from around the world. Since its foundation in 2007, 23 firms have...
FTSE 100 firms reporting less financial data since 2008 crisis
A study has revealed that the amount of financial information in FTSE 100 companies’ annual reports has declined 7% since the financial crisis in 2008 – despite calls for increased transparency from investors. Business analysis firm Metapraxis examined the annual reports to measure the quantity of financial and non-financial...
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