Day: 4 December 2021

Net-Zero Asset Owner Alliance members to cut portfolio emissions 25-30% by 2025

Stuart Mitchell

Two weeks ahead of COP26, the UN-Convened Net Zero Asset Owner Alliance launches its inaugural, biennial Progress Report, highlighting that 29 of its member investors have committed to reducing portfolio emissions by 25-30% by 2025 across three asset classes. This range is higher than the targets set by the inaugural Target Setting Protocol, published in January (-16 to -29% by 2025). The Alliance also welcomes six new members for a total of 56: Japan’s Nippon Life, Sumitomo Life, and Meiji Yasuda Life Insurance announced membership on 15th October 2021, while…

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CAP – Don’t take a gamble with the Codes: CAP and BCAP’s revised guidance on responsibility and problem gambling

Stuart Mitchell

The ASA/CAP have released a post called: Don’t take a gamble with the Codes: CAP and BCAP’s revised guidance on responsibility and problem gambling. I have enclosed the text of the link below, but please have a look at the ASA/CAP site as there are lots of things of interest to anyone with an interest in Ethical Marketing. Changes to CAP and BCAP’s responsibility and problem gambling guidance announced in August came into effect on 1 November. The updated guidance was developed as part of the consultation process responding to…

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Hubbub urge people to re-style, re-wear and rejoice in planet friendly fashion

Stuart Mitchell

Following COP26, we’re more aware than ever that we all have a role to play in fighting climate change and rethinking how we dress is one of a number of ways we can do this. This party season, environmental charity Hubbub, is challenging people to wear something they already have instead of buying something new. Why? Because the most sustainable outfit is the one already in your wardrobe The UK’s addiction to fast fashion is damaging the planet. According to the Government’s Fixing Fashion Report, around 300,000 tonnes of used clothes are…

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BAT commits to net zero emissions by 2050

Stuart Mitchell

On Climate Action Day, BAT announced it has signed up to the UN-backed Race to Zero  campaign, committing to net zero emissions by 2050. Limiting the rise in average global temperature to 1.5°C above pre-industrial levels requires major and widespread action – and companies have an important role to play. BAT is therefore realigning its existing sustainability targets with this trajectory and committing to net-zero value chain emissions by no later than 2050. Race to Zero is the largest ever alliance committed to halving global emissions by 2030 and achieving…

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Bank of England publishes its approach to greening the Corporate Bond Purchase Scheme

Stuart Mitchell

The Bank of England has published details of how it will green its Corporate Bond Purchase Scheme. This follows publication of a Discussion Paper in May, and subsequent engagement with a wide range of stakeholders including net zero investment experts, asset managers, climate groups and the wider public. The approach, published alongside a Market Notice, implements the principles set out in that Discussion Paper. It is consistent with targeting a 25% reduction in the weighted average carbon intensity (WACI) of the CBPS portfolio by 2025, and full alignment with net…

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