A flush deal signed this week could see Londoners’ waste used for building new homes. In a breakthrough development, Thames Water has found an inventive way to use sewage – which already generates renewable power – to help create a material for carbon negative heavy-duty bricks. Every day, the waste of four million Londoners entering Europe’s largest sewage works in Beckton is drained of water, with the leftover solids roasted in the company’s waste-to-energy incinerator. The high temperatures sanitise the waste and release heat for producing electricity on site. The…
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BNP Paribas joins forces with the Grameen Creative Lab to foster the creation of social businesses and positive-impact products within the bank
For several years the BNP Paribas Group has worked with the organizations in the Yunus ecosystem to support the latter’s actions in the field of microfinance. BNP Paribas was the first foreign bank to finance CreditAccess Grameen Limited (formerly Grameen Koota) in India and which enabled the microfinance institution to secure support from other foreign banks. In New York, BNP Paribas also finances Grameen America Inc, which is the only microfinance institution in the US providing individual loans to small groups of women. This commitment in the US, through the Group’s subsidiary Bank…
Read MoreCharity Commission reports on its inquiry into Relief for Distressed Children and Young People
A statutory inquiry by the Charity Commission into a poverty charity has found breaches of trust and duty by trustees who misapplied charity funds and failed to manage conflicts of interest. As a result of the investigation, over £13 million has been distributed to charities and the charity’s former chair has been disqualified, following his removal, from serving as a charity trustee or holding any senior management function of any charity in England and Wales. The Commission opened a statutory inquiry into Relief for Distressed Children and Young People in…
Read MoreInvestors with $6.3 trillion in assets call on companies to cut climate, deforestation-related risks in global soybean supply chains
As global demand for soybean products continues to increase, 57 investors with more than $6.3 trillion in assets under management are calling on companies to disclose and eliminate deforestation risks associated with meeting this demand in their soybean supply chains, with a view towards protecting the long-term value of their investments. “While we recognise the important role of agriculture and soybean production to economic development and the livelihoods of farmers, we are also concerned that the environmental and social issues associated with unsustainable soybean production could have a material impact…
Read MoreBNP Paribas Asset Management takes a step further in its commitment to sustainable investment and launches ambitious, firm-wide sustainability strategy
BNP Paribas Asset Management reinforces its commitment towards sustainable investment by launching its firm-wide Global Sustainability Strategy. This represents a step further in contributing to a sustainable future, in line with BNPP AM’s focus on delivering long-term sustainable investment returns for clients. The Strategy details BNPP AM’s approach to sustainable investment, setting clear objectives and commitments, and focussing on three key sustainability themes: energy transition, the environment and equality (the ‘3Es’). It reinforces BNPP AM’s commitment to invest for the long term, and to engage with companies and regulators to promote best…
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