Day: 17 June 2021

ClimateCare offers first ever Gold Standard carbon credits from project that saves 14 trees for every house built

Stuart Mitchell

ClimateCare has announced issuance of 9,616 tonnes of independently verified Gold Standard Carbon credits from an innovative business that aims to transform construction across Malawi and beyond. 14Trees, a joint venture between LafargeHolcim and CDC, the UK’s publicly owned impact investor, has rolled out a soil-stabilised brick called Durabric® that completely eliminates the need for kiln firing. The process cuts carbon emissions and saves on average of 55 tonnes of CO2 and 14 trees for every house built. This not only helps tackle climate change, but also reduces deforestation –…

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Vattenfall issues SEK 3.5 billion in green hybrid bonds and announces results from tender offer

Stuart Mitchell

Vattenfall has successfully priced and settled SEK 3.5 billion of green fixed and floating hybrid bonds. The proceeds will finance investments that contributes to Vattenfall’s goal of enabling fossil-free living within one generation. Vattenfall has also repurchased SEK 2.8 billion of the outstanding SEK 6 billion hybrid bonds. This is Vattenfall’s first hybrid capital under the Green Bond Framework, published in 2019, where proceeds from the bonds are earmarked for investments in the following four eligible categories: 1) renewable energy and related infrastructure, 2) energy efficiency, 3) electrification of transport and…

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Unilever steps up plant-based protein innovation in partnership with ‘ENOUGH’

Stuart Mitchell

Unilever has announced that it will partner with food-tech company ENOUGH (formerly 3F BIO) to bring new plant-based meat products to market. ENOUGH’s technology uses a unique zero-waste fermentation process to grow a high-quality protein. Natural fungi are fed with renewable feedstock, such as wheat and corn. This produces ABUNDA® mycoprotein, a complete food ingredient containing all essential amino acids as well as being high in dietary fibre. The global meat-free sector is experiencing explosive growth as people around the world become more conscious of the impact of animal products…

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‘Green’ claims: CMA sets out the dos and don’ts for businesses

Stuart Mitchell

Last year, the Competition and Markets Authority (CMA) announced that it was investigating the impact of green marketing on consumers, in line with its annual plan commitment. As part of this, the CMA recently led on an analysis of websites – alongside other global authorities – which found that 40% of green claims made online could be misleading. The CMA is now seeking views on draft guidance for businesses about ‘green’ claims. This is based on a careful review of how these claims are being made and how people respond…

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FMCG and retail leaders join forces to boost flexible plastic recycling in UK

Stuart Mitchell

Five of the UK’s largest branded manufacturers: Mars UK, Mondelēz International, Nestlé, PepsiCo and Unilever, have collaborated to form a £1 million fund to help make flexible plastic recycling economically viable for recyclers and easier for consumers. The Flexible Plastic Fund is a UK industry first and is being led by producer compliance scheme, Ecosurety, with support from environmental charity, Hubbub. In collaboration with manufacturers, retailers and recyclers, the Fund intends to improve flexible plastic recycling and reduce plastic pollution by giving the material a stable value. This will in turn increase the supply of…

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