Day: 24 July 2024

Charity Bank Reinvests Majority of £7.8m Surplus to Support Underfunded Charities

Stuart Mitchell

Charity Bank, the loans and savings bank for social good, has released its annual accounts for 2023. The bank reported a net surplus of £7.8m, the majority of which will be reinvested to expand its support to underfunded charities and social enterprises. With social sector organisations facing challenging economic conditions, including high interest rates, escalating operating costs, and an unsupportive funding environment, Charity Bank has continued to grow its lending and deepened its impact. In 2023, the bank made over £50 million in new loans to UK charities and social…

Read More

Electric Vehicle Sales Headed for Record Year but Growth Slowdown Puts Climate Targets at Risk, According to BloombergNEF Report

Stuart Mitchell

BloombergNEF’s Long-Term Electric Vehicle Outlook (EVO) shows that EV adoption is still growing, despite the mixed near-term outlook. The new report indicates that rapidly falling battery prices, advancements in next-generation battery technology and improving relative economics of electric vehicles with internal-combustion engine counterparts continue to underpin long-term EV growth globally. However, the report indicates that the window to reach global net-zero transport ambitions is now narrower than ever. The report presents two updated road transport scenarios: the base case Economic Transition Scenario (ETS) – in which EV adoption is shaped…

Read More

Setting targets on DEI in production can be a challenge for half of major multinationals

Stuart Mitchell

New research from the WFA reveals that nearly half of major multinationals (49%) are struggling to measure Diversity, Equity and Inclusion (DEI) efforts in the content production space and the same number find it hard to set consistent targets across markets and suppliers.  More than four in 10 are also struggling to identify diverse suppliers, with 22% saying that while driving DEI initiatives in the US is more straightforward, the rest of the world is a challenge. That’s borne out by the fact that while 24% of multinationals describe their…

Read More

Patagonia Develops First End-Of-Life Solution For Wetsuits

Stuart Mitchell

Patagonia, as the industry leader in environmentally and socially responsible surf gear, is proud to share the co-development of a groundbreaking circular solution for wetsuits with Bolder Industries. Earlier this year, Patagonia began collecting end-of-life Yulex® (natural rubber) wetsuits so that they could be broken down at the molecular level by Bolder Industries to be used as carbon black in the dyeing process of future Yulex® wetsuits. Carbon black is used to dye the wetsuits’ recycled nylon lining and accounts for about 15 – 20% of Patagonia wetsuits’ rubber foam.…

Read More

Unity Trust Bank named in The Sunday Times Best Places to Work 2024

Stuart Mitchell

Unity Trust Bank, which supports organisations to deliver positive social impact, has been named by The Sunday Times in its annual Best Places to Work Awards. The prestigious list recognises and celebrates the UK’s best employers, based on feedback from employees and an independent assessment of six key areas, including workplace culture, leadership, employee engagement and wellbeing. An impressive 91% of employees said that they were proud to work for Unity Trust Bank, and 90% felt that their work was worthwhile. When looking at measurements for workplace happiness, Unity’s highest…

Read More