The current global pandemic is hitting many economic sectors hard. Faced with this situation, exceptional emergency activities are required to protect our economies, and many countries have already begun putting provisions in place to support those in critical need. This is likely to be an essential measure to protect businesses, jobs and livelihoods. However, it … Continued
In response to the call for a transition to a low carbon (and eventually net zero emissions) economy, more and more financial institutions are actively exploring ways to decarbonize their investment portfolios. The TCFD recommendations represent a commitment to better account for the risks and opportunities on the path towards a more sustainable global financial … Continued
Yesterday the UK Government published its plans for the new Streamlined Energy and Carbon Reporting (SECR) regulations. It outlines the new mandatory reporting framework which will replace the existing CRC Energy Efficiency Scheme due to end in 2019. The SECR is designed to streamline and reduce complexity in the carbon and energy reporting landscape as … Continued
Earlier this month, DEFRA released their 2018 greenhouse gas reporting conversion factors. This year, there have been some changes to the methodologies used, as well as some key headline figures illustrating the UK’s (and beyond) progress towards carbon neutrality. The changes seen are important for companies in terms of reporting their emissions, as any significant … Continued
Palm oil is once again a hot topic in sustainability with the announcement by Iceland that they will stop using Palm Oil in all their own brand food by the end of this year. This has possibly been spurred on by a recent report by Greenpeace entitled, ‘Moment of truth’. The publication claims that firms … Continued
Shipping has long been a fundamental enabler of trade, although its important role may go unnoticed. Think about where the clothes you are wearing were made and how they arrived here. What about your phone? How did its components all come together to reach your hand right now? It’s very likely that shipping played a … Continued
On 27th February 2018, Member States (MS) formally approved the reform of the European Union Emissions Trading Scheme (EU ETS) for phase IV (2021-2030) at the EU Council. After more than two years of negotiations since the EU disclosed its initial proposal for reform, this approval by MS is the last political step before implementation.
As the UK will have left the EU by the time we reach the 2018 European Union’s Emissions Trading Scheme (EU ETS) compliance year deadline of 31st March 2019, the deadline is to be brought forward.