If every mistake results in a boycott, firms will stop publishing green promises November 10, 2022 As the famous saying goes, no publicity is bad publicity. However, the emergence of cancel culture – a modern day phenomenon often talked about as a form of boycott – has had a huge influence over the way we think, behave and crucially, communicate. While cancel culture has undoubtedly brought about positive change and social [...]
US Fed fines Deutsche Bank $186m over failure to improve money laundering checks July 20, 2023 The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186m for failing to sufficiently address money laundering control problems and other shortcomings previously flagged by the U.S. central bank. The new penalty for lingering issues marks the latest blow for the German lender, which has struggled for years to get on [...]
Drax: Biomass energy giant which received £6bn from taxpayer reports 84 per cent earnings hike February 23, 2023 Power generation firm Drax is the latest winner from the energy price crisis, with its earnings up 84 per cent in the last 12 months to £731m. Drax, which received £6bn in green energy subsidies from British taxpayers over the last four-decades, was the latest energy giant to announce bumper profits; recent announcements include Shell [...]
British companies could face tougher climate scrutiny under new G20 rules June 26, 2023 Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions of dollars flow into investments that tout their environmental, social and [...]
Unilever: Why job cuts and ice cream split may be a sweet deal for the FTSE 100 business March 19, 2024 Consumer goods giant Unilever is continuing to top the FTSE 100 leaderboard, as news of job cuts and a spin-off of its ice cream business has sweetened investors.
Revealing differing attitudes to sustainability through how we talk January 18, 2023 Measuring sustainability can be difficult. While companies’ impact on the planet and people is tangible, the metrics to track this impact are harder to define. The sustainability of an organisation is made up of a myriad of business decisions, policies, and programmes which come together to form its impact. In other words, the imprint (be [...]
Climate reporting a ‘burden’ for pension funds but the only way forward, says Opperman July 11, 2022 Newly reappointed pensions minister Guy Opperman said today that new climate reporting measures for pension funds were a “challenge” and “burden” for fund managers but it was clear it was now the only way to clean up investment. Opperman, who resigned and was reappointed to his role last week, said that becoming the first country [...]
Time to make the switch: a green pension can be your most impactful investment October 31, 2022 Last week London was hit by a mini-heatwave, with temperatures as high as Spain in October, a month in which Londoners usually start putting on their warm coats. As temperatures rise, concerns about our impact on the environment do too. Hot weather exacerbates our eco-anxiety, according to the World Economic Forum think tank. Our thoughts [...]
UN Climate Ambition Summit: Activism and Corporate Awareness October 16, 2023 By SIGWATCH The UN Climate Ambition Summit, an international gathering that brings together world leaders, corporations, and civil society to discuss and commit to specific actions to tackle climate change, serves as a focal point for discussions on global environmental policy. The summit is a veritable playground for activism, as it offers NGOs, advocacy groups, [...]
The cost of doing business amidst the culture wars is an entirely new question of risk October 28, 2022 Mankind has long pondered the question of what it means to be good. Now corporate bodies are facing the same dilemma. Brand activism – the expectation on companies to be proactive drivers of social change – is here to stay. But getting the messaging right in the era of culture wars is difficult: it’s hard [...]