Tesco launches zero-waste trials in stores September 13, 2021 Tesco has launched zero-waste shopping trials at ten stores where customers can buy goods in reusable packaging so they can be returned and used again, in partnership with Loop, a waste management company. Customers shopping in the ten Tesco stores, all in the east of England where the initiative is being tested, will be able to [...]
Exclusive: City investors increasingly pay attention to ESG reporting and transparency September 8, 2021 Professional investors in the City and across the UK are expecting a greater focus on Environmental, Social and Governance issues in small and micro-cap companies, according to new data that was shared exclusively with City A.M. today. Just over 87 per cent of all investment managers MBH Corporation spoke to said they believe the focus [...]
UK buckled under Australian pressure and removed climate goals in trade deal September 8, 2021 The UK bowed to pressure from the Australian government and agreed to take out climate commitments in a free trade deal, it has been revealed. The UK-Australia trade deal will not contain binding commitments on reaching climate goals set at the landmark 2015 climate summit in Paris, after Canberra pushed for it to be dropped [...]
Calls to delay COP26 climate talks so poorer countries can attend September 7, 2021 The UN climate talks that will be held in Glasgow next month should be postponed amid fears people from poorer countries will not be able to fully take part, environmental groups said today. But the Government insists it is rolling out vaccines for foreign delegates and will fund quarantine hotels for those who would not [...]
JCB heir Jo Bamford joins forces with City insider Max Gottschalk to launch £1bn hydrogen investment fund September 6, 2021 The heir to the JCB excavators empire, Wright Bus chairman Jo Bamford, confirmed to City A.M. this morning that he has joined forces with multi-family office Vedra Partners to launch HyCap, a new hydrogen investment fund which has set its sights on raising £1bn. The capital, which currently stands at just over £200m after the [...]
Leaked messages: Boris Johnson trying to cut Nicola Sturgeon out of Cop26 summit September 5, 2021 No10 is seeking to cut Nicola Sturgeon out of the Cop26 summit to prevent her using it as “an advert for an independence campaign”, according to leaked messages. Advisers at No 10 and the Cabinet Office have been seeking to side-line the role of Scotland’s First Minster in the global gathering, The Independent reported. According [...]
Housebuilder Vistry ties bosses pay to carbon cutting efforts September 3, 2021 Housebuilder Vistry has confirmed it will link its executives pay to sustainability targets from next year onwards, amid the UK’s push for net zero. The new practice appears a tangible effort to make the carbon-heavy construction and housebuilding sector more sustainable, ahead of the UN’s flagship climate conference COP26 in November. While bosses have been [...]
Scotland a world leader on climate change? Absolutely not, says Greta Thunberg August 31, 2021 Scotland should not be seen as a world leader on climate change, as the Scottish Government claims, according to climate activist Greta Thunberg. The Swedish teenager said she has not yet decided whether she will travel to COP26, the global UN climate conference in Glasgow next month, but will do if it is “considered safe [...]
‘Full-blown recycling crisis’ looms over UK, DS Smith boss warns August 27, 2021 A “full-blown recycling crisis” is looming in the UK, the boss of London-listed packaging firm DS Smith has warned. With the UK trying to up its environmental commitments ahead of the UN’s flagship climate conference COP26 in November, DS Smith chief executive Miles Roberts has said the country is “throwing away” opportunities that could help [...]
Deadly floods in UK and Western Europe 20 per cent more likely in future August 25, 2021 Climate change has made deadly floods in the UK and Western Europe at least 20 per cent more likely to happen in the near future, according to a new study shared with City A.M. today. Watch the full report.