Day: 14 December 2024

Net-Zero Asset Owner Alliance sets the pace on climate ambition, action and transparency in latest Progress Report

Stuart Mitchell

As world leaders gear up for negotiations at COP29 in November, the UN-convened Net-Zero Asset Owner Alliance (NZAOA) publishes its fourth Progress Report revealing significant progress towards net zero commitments, including reductions in absolute financed emissions of at least 6% on average annually. The Alliance calls on governments to implement policies to support further portfolio decarbonisation and the net-zero transition in the wider economy. Members representing 98.9% of the Alliance’s total assets under management (AuM) have now set Paris-aligned 2025² decarbonisation targets. Members have used the four-pronged framework set out…

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Leading beverage brands join forces with aim to accelerate renewable energy adoption

Stuart Mitchell

Ten global beverage companies have joined forces under a new industry-wide consortium, called REfresh Alliance, which is designed to help accelerate renewable energy adoption across the industry’s supply chain. The new initiative invites additional companies from across the beverage industry to pool and scale their resources to remove barriers to renewable energy adoption in the supply chain, provide education on best market practices and support the industry’s transition to Net Zero. Companies currently part of the REfresh Alliance include: Bacardi Carlsberg Group Constellation Brands Diageo HEINEKEN Molson Coors Beverage Company…

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SBTN announces first companies publicly adopting science-based targets for nature

Stuart Mitchell

The Science Based Targets Network (SBTN), part of the Global Commons Alliance, has today announced the first set of companies publicly adopting science-based targets for nature, beginning with freshwater and land; a significant milestone in advancing ambitious and measurable corporate action on nature.  This announcement comes on the heels of SBTN’s year-long pilot program with a trail-blazing cohort of companies trialing science-based targets for nature, which concluded mid this year. As a result of the pilot, SBTN has demonstrated a credible way for companies to take ambitious action for nature,…

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Iberdrola closes its largest issue of green bonds in sterling for 15 years with strong support from investors

Stuart Mitchell

Iberdrola continues to diversify its sources of financing. The company, chaired by Ignacio Galán, has issued 12-year green bonds for 500 million pounds (600 million euros). This is Iberdrola’s largest issue in sterling since 2009. The company last issued a bond in Sterling in 2019, through its subsidiary Scottish Power Transmission. In addition, it is its first green bond Iberdrola has issued in sterling. Iberdrola becomes the only European utility able to access EUR, GBP and CHF in 2024. Demand exceeded 2.1 billion pounds (2.5 billion euros), and this has…

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The ASA unveils new insights into how age-restricted ads are served online

Stuart Mitchell

As part of its commitment to delivering world-leading regulation to monitor online advertising, the Advertising Standards Authority (ASA) is publishing a report which provides a unique insight into the rare occasions where age-restricted ads appear on websites and YouTube channels popular with children.Further information from them below: We’ve used cutting-edge avatar technology to specifically monitor for age-restricted ads, such as gambling and alcohol. These avatars are designed to represent the online profile of a child or other age-group, but they don’t mimic people’s normal online behaviour, instead they visit each…

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