Day: 3 February 2025

Heathrow announces £2.3bn accelerated investment plan to upgrade the UK’s international gateway to growth 

Stuart Mitchell

In the largest private sector capital investment in the UK’s transport network, Heathrow announces a £2.3 billion investment over the next two years to upgrade the airport, ensuring the UK’s only hub airport and international gateway continues to move forward and provide better service for passengers and businesses. The £2.3 billion investment is an uplift of £244 million on previously forecasted investments which will be used to enhance capabilities across all terminals, including baggage delivery and projects to support punctual departures and arrivals. The investment programme will improve service, resilience,…

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World’s major asset managers shoot down biodiversity resolutions despite soaring investor interest

Stuart Mitchell

Investors filed a record number of biodiversity resolutions in 2024, a new Global Witness analysis reveals – yet none passed*, and all received low levels of support overall. This is largely thanks to US-based asset managers BlackRock, Vanguard and State Street Global Advisors (SSSA), who were found to have opposed the majority of the biodiversity and deforestation-related resolutions put forward by other shareholders. Published today, the new findings come amid growing concern for nature and biodiversity, with the world losing the equivalent of almost 10 football fields of forest per…

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LCCC Signs First Three Groundbreaking Hydrogen Production Contracts To Create Jobs And Drive Britain’s Net Zero Goals

Stuart Mitchell

Low Carbon Contracts Company (LCCC) has announced the signing of the first three of eleven landmark hydrogen production contracts under Hydrogen Allocation Round 1 (HAR1). This is part of the government’s Hydrogen Production Business Model with the remaining contracts due to be signed early in the New Year. These contracts will enable clean hydrogen production, reduce emissions across key industries and create jobs and investment opportunities. The Cromarty, Whitelee and West Wales projects represent first-of-a-kind hydrogen contracts in Great Britain and once operational, will have a combined capacity of 31.8MW.…

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IOSCO’s GEM Committee launches a dedicated Network to support its members in the adoption or other use of ISSB Standards

Stuart Mitchell

The International Sustainability Standards Board (ISSB) is delighted to welcome and support the International Organization of Securities Commission’s (IOSCO) launch of its Growth and Emerging Markets (GEM) Committee Network for Adoption or Other Use of ISSB Standards. The announcement marks a significant step towards supporting the adoption or other use of the IFRS Sustainability Disclosure Standards (otherwise known as ISSB Standards) in jurisdictions represented in IOSCO’s GEM Committee. The initial cohort of members, representing 31 jurisdictions, accounts for the majority of emerging market jurisdictions’ market capitalisation (90% of BRICS market capitalisation)…

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Wimbledon Foundation Announces £290,000 Of Charitable Funding

Stuart Mitchell

The Wimbledon Foundation, the charitable arm of The All England Lawn Tennis Club (AELTC) and The Championships, has announced further commitments to its Community Fund and Get Set, Get Active Fund with £290,000 of grant funding available. The Wimbledon Foundation Community Fund is now open with grants of up to £10,000 available to charities and community organisations working in the London Boroughs of Merton and Wandsworth. Launched in 2014, the fund has awarded £1.9 million through 309 grants to wide-ranging projects which have helped more than 47,000 people. Funding is…

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