Day: 7 December 2022

Big Issue Invest reports £37 million of investment into social enterprises and charities at time of crisis

Stuart Mitchell

Big Issue Invest (BII) has launched its 2021-2022 Impact Report. The report revealed that the social investment arm of The Big Issue supported 138 social enterprises across the UK and had £37.5 million Assets Under Management (AUM) as of March 2022*. The report detailed how, in turn, those 138 social enterprises were able to support over 2 million customers across the UK in the same period. 92% of investments made by BII contribute to core solutions to poverty. Investees supported by BII have an average turnover of £5.59m and employ…

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British Airways, Lanzajet And Nova Pangaea Technologies Move One Step Closer To Large-Scale Production Of Sustainable Aviation Fuel In The UK

Stuart Mitchell

British Airways, LanzaJet and Nova Pangaea Technologies have signed an agreement that will accelerate their ground-breaking Project Speedbird initiative to develop cost-effective sustainable aviation fuel (SAF) for commercial use in the UK. As part of the agreement, British Airways’ parent company IAG, is investing in the project to support the next phase of development work that will help decarbonise the aviation industry. Project Speedbird was initially launched by the three companies in 2021 and was granted nearly £500,000 by the Department for Transport’s (DfT) Green Fuels, Green Skies competition to fund an…

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Aviva Pledges Extra Support To UK Charities Supporting Financial Wellbeing

Stuart Mitchell

In an effort to help tackle the financial pressures being brought on by the cost of living crisis, the Aviva Community Fund has launched an additional £2m funding to causes supporting financial wellbeing in their communities. Non-profit organisations can now apply to the Aviva Community Fund, and receive matched funding for public donations until 31st December 2022, or until the £2m funding runs out. The extra financial support is aimed at helping people take control of their wellbeing by giving them tools to be more financially independent. This is the…

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New Ellen MacArthur Foundation (EMF) report shows companies are failing to tackle plastic pollution so government must step up say environmentalists

Stuart Mitchell

Responding to the Ellen MacArthur Foundation (EMF) new report, the Global Commitment 2022 Progress Report, environmentalists City to Sea, have said it shows the need for government to play a more interventionist role in light of businesses’ failure to voluntarily act. Commenting, City to Sea’s Policy Manager, Steve Hynd, said: “This report shows clearly that voluntary commitments from big business have failed to tackle the plastic crisis. If anything, it shows how plastic production has gone up since it was set up in 2018. This is a deplorable failure by businesses…

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Carbon capture in the steel industry: ArcelorMittal, Mitsubishi Heavy Industries Engineering, BHP and Mitsubishi Development sign collaboration agreement

Stuart Mitchell

ArcelorMittal, and mining company, Mitsubishi Heavy Industries Engineering (MHIENG), a pioneer in carbon capture technology, leading global resources company, BHP, along with Mitsubishi Development Pty Ltd are collaborating on a multi-year trial of MHIENG’s carbon capture technology with ArcelorMittal, following the signing of a funding agreement between the parties. The companies will also conduct a feasibility and design study to support progress to full scale deployment. The agreement, which involves a trial at ArcelorMittal’s steel plant in Gent, Belgium and another site in North America, brings together the expertise of…

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