Record numbers working in the City’s insurance market May 19, 2024 Job numbers in the City's insurance market are at their highest level for at least a decade, according to data from an industry body.
Lord Mayor celebrates Saudi vision at ground-breaking Riyadh summit May 16, 2024 More than one thousand of the world’s leading political and business leaders gathered in Saudi for a World Economic Forum Special Meeting
Number of SMEs ‘going green’ has doubled – but it hasn’t been easy January 29, 2024 The number of UK small and medium-sized enterprises (SMEs) that have “gone green” doubled last year, research shared exclusively with City A.M. has found, but it wasn’t an easy feat. Some 489,000 UK businesses have formally committed to reaching “sustainability” by the government’s net zero 2050 deadlines, up from 220,000 at the beginning of 2023, [...]
Businesses urged to fight climate change and cut costs March 3, 2020 Businesses will be required to submit data on their carbon emissions, alongside their accounts, for the first time. The Streamlined Energy & Carbon Reporting requirements (SECR) will take affect for 12,000 companies whose financial year’s started on or before 1 April 2019 The government argues cutting the 30 per cent of annual greenhouse gas emissions [...]
Sunak climbdown a ‘reality check’ for UK’s net zero ambitions, says energy boss September 21, 2023 Rishi Sunak's rowback of green pledges was a "reality check" for net zero, the chief regulator of gas distribution company Cadent said.
Pinterest rolls out new climate misinformation policy April 6, 2022 Pinterest has rolled out a new policy that will make it the first and only major digital platform to have clearly defined guidelines against climate misinformation. The new policy extends across both organic and paid content, banning false or misleading climate change content and conspiracy theories on the platform. The new climate misinformation policy removes [...]
Seraphim Space investment trust manager sells assets to itself to unlock value April 22, 2024 Seraphim Space investment trust has sold its stake in all nine of its early stage companies to a new venture capital fund managed by Seraphim.
Banks and insurers may not be ‘sufficiently capitalised’ for future climate-related losses, Bank of England reports March 13, 2023 The Bank of England said there was “uncertainty” over whether banks and insurers are “sufficiently capitalised” to deal with climate-related risks, but suggested there was not enough justification to increase their capital requirements at the moment. In a report published today, the Bank said climate risks create a challenge for regulators as the uncertainty surrounding [...]
Climate change remains key focus at LGIM as it ramps up pressure on boards April 22, 2020 Legal & General Investment Management (LGIM) is continuing to pressure corporate boards on climate change and governance, opposing the election of 4,000 company directors last year. The asset manager’s ‘Active Ownership’ report released today reveals it took sanctions against 11 companies named as laggards under LGIM’s climate impact pledge. Among these were Exxon Mobil and [...]
Nestlé: UK profit almost doubles as sales pass £2bn September 27, 2024 The UK arm of Nestlé almost doubled its profit in its latest financial year as sales passed £2bn, the company has revealed. The York-headquartered division reported a pre-tax profit of £162.4m for 2023, up from the £82m it achieved in 2022. According to newly-filed accounts with Companies House, the UK arm’s turnover also increased from [...]