Author: Stuart Mitchell

UK Economy Heading for $141 Billion Loss Caused by Stranded Fossil Fuel Assets, With Pension Funds on Track to Lose $19 Billion

Stuart Mitchell

The UK economy is disproportionately exposed to stranded fossil fuel assets, with potential losses for UK pension savers reaching tens of billions of pounds by 2040, according to a new report from the UK Sustainable Investment and Finance Association (UKSIF) in collaboration with Transition Risk Exeter (TREX). Their analysis traces the complex web of financial ownership of fossil fuel assets and tracks the exposure of end beneficiaries – such as individual investors, pension funds and governments – to the risk of these assets becoming ‘stranded’. This refers to oil, gas…

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UN Global Compact and PRI Convene Business Leaders to Accelerate Sustainable Finance for a Resilient Future

Stuart Mitchell

The United Nations Global Compact (UNGC) and Principles for Responsible Investment (PRI) successfully convened the Executive Roundtable on Sustainable Finance – Driving Leadership in Sustainable Finance for a Resilient Future at the Orchard Hotel in Singapore today. This high-level gathering brought together CEOs, CFOs and institutional investors to mobilize private and institutional capital towards financing sustainable development, addressing biodiversity loss and closing the SDG financing gap in the Asia-Pacific region. With Asia facing an annual shortfall of $1.5 trillion to meet the Sustainable Development Goals (SDGs), discussions centered on scaling…

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Tree giveaway schemes are more effective when you ask people to pay for their trees, new research finds

Stuart Mitchell

Tree schemes are an effective way for organisations to get trees established in a wide range of locations, and asking people to invest financially in their trees significantly improves their survival rates, according to new trial results. A trial led by the Trees Outside Woodland research project reveals that subsidised tree planting schemes significantly improve survival rates and cost effectiveness compared to free tree giveaways. This new finding offers insights for local authorities aiming to expand tree cover. Jon Stokes, Director of Science and Research at The Tree Council said:…

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Global partnership creates toolkit for tough conversations about AI

Stuart Mitchell

Recognizing the urgent need for deeper discussions about Artificial Intelligence’s societal impact, a global team of experts has developed a glossary that goes beyond standard definitions to spark critical conversations.  “Critical Conversations about AI: A Glossary for Big Questions and Bold Ideas” is derived from key insights gained at last month’s Action AI Summit, in Paris, where participants identified the need for a resource that goes beyond conventional definitions.  The AI landscape is evolving rapidly – raising profound questions about societal, ethical, and philosophical implications. By exploring rarely discussed terms…

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Industry coalition rallies advertisers for Know Your Customer consultation

Stuart Mitchell

UKSAFC (The UK Stop Ad Funded Crime Group) is calling for advertising industry cooperation as it announces the launch of a consultation on a forthcoming initiative to tackle ad-funded crime and fraud. Ad fraud is a major problem for advertisers. Estimates put the cost of ad fraud at up to $100 billion and suggest that almost half of ad spend drives no results. While there is no single measure to combat ad fraud, UKSAFC believes the scale of the problem could be significantly reduced if advertisers and their agencies took…

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