At Redsand Ventures, we’ve compiled some of the top sustainability news stories of the last quarter…
The second half of 2021 has been full to the brim with news around green finance and sustainability, with the focus on the COP 26 Summit in Glasgow during October and November.
While this has taken up much of the media’s spotlight, there have been other key developments alongside some scepticism about the climate pledges announced at the event.
10. Covid-19 stimulus to have negative environmental impact
Despite many positive examples of green stimulus, most governments have failed to use Covid-19 stimulus to transform their economic trajectories in a way that enhances nature.
According to findings, this Covid-19 stimulus will have a net negative environmental impact in 15 of the G20 countries and economies.
9. Pandemic drives sustainability up investor agenda
The Schroders Global Investor Study has found that the majority of investors are now placing greater importance on social and environmental issues.
According to the research, the focus on delivering higher returns had fallen compared with a year ago.
8. Five big supermarkets to halve environmental impact of weekly food shop by 2030
Five of the UK’s biggest supermarket brands – Tesco, Sainsbury’s, Waitrose, Co-op and M&S – have all made environmental pledges in response to COP26.
In a statement, their bosses said: “As CEOs of leading UK food retailers, we recognise that a future without nature is a future without food. By 2030 we need to halt the loss of nature.”
7. New report calls for greater action from financial services sector to protect world’s biodiversity
By supporting nature’s resiliency, productivity, and adaptability, the financial sector can take advantage of an estimated $800 billion-a-year biodiversity finance gap.
This investment will need to triple in real terms by 2030 and increase four-fold by 2050 if the world is to meet its climate change, biodiversity and land degradation targets.
6. UK government confirms introduction of mandatory sustainability disclosures
The UK government has confirmed it will introduce mandatory sustainability disclosures across the economy.
According to the authorities, this will incorporate the requirement to disclose net-zero transition plans on a comply or explain basis.
5. London holds the crown as the world’s greenest finance hub
In the latest ranking by the Z/Yen Group, London is top for green finance thanks to its rigorous sustainability standards and vibrant green finance sector.
The capital was propelled up the table by the government implementing measures to stimulate Britain’s green finance sector, such as raising £10bn by issuing the UK’s first ever sustainable sovereign bond.
4. Belize provides new model for protecting blue economy
Belize has provided a likely ‘blue’ model for conserving some of the world’s most vulnerable marine ecosystems by exchanging a promise to protect the northern Hemisphere’s biggest barrier reef for debt relief.
Belize’s move will see it buy back its $533 million ‘superbond’ with help from non-profit organisation The Nature Conservancy
3. Luxury brand Moncler named as the most sustainable for third year in a row
The Italian luxury label has been named as the most sustainable brand for the third consecutive year, according to the S&P Global Corporate Sustainability Assessment 2021.
The index ranks the leading sustainability-driven companies based on economic, environmental and social responsibility criteria.
2. Earth is warmer than it has been in 125,000 years, says IPCC
Modern society’s continued dependence on fossil fuels is warming the world at a pace that is unprecedented in the past 2,000 years, according to the UN’s Intergovernmental Panel on Climate Change (IPCC).
However, if global emissions hit net zero by around 2050 – a target that many countries have committed to over the past year – then the world can achieve the goal laid out in the 2015 Paris accord and limit global warming to 1.5 °C above pre-industrial levels over the course of the twenty-first century.
1. COP26 | Here’s why it hasn’t gone far enough
From the fossil fuel delegates outnumbering the climate change evangelists to the agreed ‘phasing down’ rather than phasing out of these climate killing resources, many have criticised COP 26 for not going far enough in terms of sustainable commitments.
We’ll be offering future round ups of sustainability news, but in the meantime, please connect with the Redsand Ventures Your Voice Group for regular updates from the innovation community.