Day: 19 November 2024

IFC Expands Partnership with ENGIE to Boost Renewable Energy in Emerging Markets

Stuart Mitchell

The International Finance Corporation (IFC), a member of the World Bank Group, announced a landmark green and sustainability-linked loan of €500 million (approximately $534 million) to ENGIE S.A., the parent holding company of the ENGIE Group. The financing aims to bolster ENGIE’s efforts to expand its renewable energy portfolio in emerging markets and decarbonize its activities. It is also designed to advance Poland’s decarbonization goals and enhance energy security in South Africa by promoting clean and sustainable energy solutions. The loan includes ambitious climate targets as well as innovative occupational…

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Vattenfall recognised as sustainability leader in the renewable energy sector

Stuart Mitchell

Through the International Responsible Business Conduct Agreement organisations from across the renewable energy sector are working together to conduct supply chain due diligence in accordance with UN principles and OECD guidelines. The first independent assessment under the global agreement between businesses, trade unions and civil society organisations has confirmed Vattenfall’s Business Area Wind as a leader in the industry for its responsible business practices, providing a strong foundation for action to build on progress to date.   Vattenfall and the wider renewable energy industry are working to accelerate the shift…

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Co-op’s solar power project set to turbo charge its own green energy supply

Stuart Mitchell

Co-op has announced its ambitions to install solar panels on a target of up to 700 sites across its food, funeralcare and logistic portfolio across the UK over the next three years. As part of its journey to increase the amount of renewable power that it directly procures, Co-op is aiming to deliver 30,000 MWh generation of solar energy – which is enough to power the equivalent of around 12,500 homes – through the installation of up to 76,000 solar panels. Additionally, adding the solar panels across the consumer co-operative’s…

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New CFG report reveals more to do to maximise vital Gift Aid scheme

Stuart Mitchell

CFG shares the findings of its 2024 Gift Aid survey of 100 charities. The report shows that more must be done to maximise every claim and reduce the £560m Gift Aid gap. CFG’s report – Breaking down the barriers – shares the views of 100 charity leaders on their experience of the Gift Aid scheme. The report reveals that although Gift Aid is a vital source of income for charities, many charities are still missing out on potential claims. It also highlights that more could be done to support charities…

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New rule restricting broadcast ads for qualifying cryptoassets

Stuart Mitchell

The Broadcast Committee of Advertising Practice (BCAP) has published a new rule that explicitly bans ads for certain types of cryptoasset products from being broadcast to mainstream, non-specialist audiences. These products were already subject to such a restriction under BCAP Code rule 14.5.4, as the products are not regulated by the Financial Conduct Authority (FCA). However, in October 2023 the FCA took on regulation of the advertising of fungible and transferable cryptoassets, a category which includes cryptocurrencies and utility (fan) tokens. These ‘qualifying cryptoassets’ were categorised as Restricted Mass Market…

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