Day: 18 April 2023

Primark launches new durability and repair initiatives

Stuart Mitchell

As part of its commitment to give clothes a longer life, Primark is launching new durability and repair initiatives designed to help ensure clothes can be loved and worn for longer. According to leading climate action NGO WRAP, wearing clothes for longer can reduce the environmental impact of clothing. As part of its Primark Cares commitments, new initiatives include:  Working with WRAP, through the Textiles 2030 initiative, to establish an industry-wide fashion durability standard  Collaborating with behaviour change experts Hubbub and the University of Leeds to develop independent academic research…

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ING takes next step in aligning oil & gas portfolio with climate goals

Stuart Mitchell

One year ago, following the net-zero pathway laid out by the International Energy Agency (IEA), ING became the first large global bank to stop providing dedicated finance to new ‘upstream’ (exploration and extraction) oil and gas fields. Now we’re expanding our approach to other parts of the oil and gas value-chain by restricting dedicated finance to ‘midstream’ (oil & gas infrastructure) activities that unlock new oil and gas fields, also aiming to reduce the volumes of the traded oil and gas we finance. ING’s energy strategy balances three key interests:…

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Rethink and Squarespace Top Global Shortlist For ADC 102nd Annual Awards

Stuart Mitchell

The One Club for Creativity have announced the entries from 52 countries and regions on the shortlist for the global ADC 102nd Annual Awards. Shortlisted entries were selected by this year’s esteemed jury to move into the second round of judging, which is taking place now.  This year’s finalists — entries which will win a Gold, Silver or Bronze Cube or Merit — will be announced later this month. Rethink in Toronto, Montréal and Vancouver leads the way with 35 shortlisted entries, including six for IKEA “The Trolls”, and  five…

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Landsec announces New Green Bond

Stuart Mitchell

Following the publication of Landsec’s updated Green Financing Framework, its wholly-owned subsidiary, Land Securities Capital Markets PLC, announces the launch and pricing of its inaugural £400m Green Bond with a maturity of 9.5 years, paying a coupon of 4.875%, subject to final legal documentation. The transaction further enhances Landsec’s financial capacity and flexibility, building on an already strong position. Coupled with a pipeline of central London and mixed use development opportunities that offer excellent optionality, the transaction leaves Landsec extremely well placed to continue delivering against its strategy in the…

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Delta outlines roadmap to more sustainable travel

Stuart Mitchell

From pursuing sustainable aviation fuels and more efficient aircraft to reducing single-use plastics and encouraging a net-zero supply chain, Delta announced its roadmap to more sustainable travel and net-zero emissions by 2050. The strategy and goals are inspired by what is good for the planet, communities and Delta people, and driven by a recognition that sustainability is a business imperative. Delta Chief Sustainability Officer Pam Fletcher first shared the strategy with the airline’s more than 90,000 employees in late February. It’s focused on two pillars: embedding sustainability in everything the…

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