Maitland/AMO Green Monitor – 27 September 2018

27th September 2018

In Business

  • RECYCLED CONTENT: This week is Recycle Week, now in its 15th year. Organised by WRAP, this year businesses involved include H&M, John Lewis, P&G and Unilever. WRAP has also published its annual Recycling Tracker Report, a survey of the recycling attitudes, knowledge and behaviour of UK household’s. Missed capture and contamination continue to represent the most pressing barriers to increase domestic recycling.
  • FOOD FOR THOUGHT: Tesco, Unilever and Nestlé, have pledged to halve waste “from farm to fork” by 2030. WRAP and grocery charity IGD have set a series of milestones for businesses to reduce waste at every stage of the supply chain.
  • FASHION FORWARD: Milan rolled out a green carpet as Milan’s fashion week used its closing gala to urge greater environmental sustainability in the global fashion industry.
  • ELECTRIFYING: A new report by RE100 has found that, across all sectors, companies sourcing renewable electricity outperform competitors financially. RE100 encourages businesses to commit to using renewable power. The Climate Group announced new members of the RE100 movement, including the ride hailing company Lyft and the bakery giant Grupo Bimbo.
  • SCORE! Insurance giant Aviva has announced it will work with Index Initiative and the UN Foundation to encourage more businesses to engage with the UN Sustainable Development Goals.

In Politics

Brexit Update

The government’s latest no-deal notices suggest some green power contracts could be rendered invalid if the UK crashes out of the EU.

  • THE WATER, LIKE A WITCH’S OILS/ BURNT GREEN, AND BLUE, AND WHITE: Environment Secretary, Michael Gove, has called on world leaders to treble the world’s ocean protection to ensure 30% of the oceans become Marine Protected Areas by 2030. Negotiations for a new target will begin in November.
  • THE COMING WIND DID ROAR MORE LOUD: Labour has published a new environment policy document including pledges to prioritise measures to tackle air pollution and enable all Britain’s homes and businesses to be powered by wind, solar and nuclear power by 2030. In her forward Shadow Business Secretary, Rebecca Long-Bailey writes “the environment is the bedrock of our economy, our security and our well being”, vowing to be “the greenest government ever”. While Jeremy Corbyn’s speech to conference focused on fostering a greener economy.

In Innovation 

  • A NEW FRONTIER: NASA has said it will soon activate a laser to study changing polar ice. The Advanced Topographic Laser Altimeter System is the main feature of the Ice, Cloud and land Elevation Satellite-2 which was successfully launched on 15 September this year.
  • EVEN GREENER, EVEN BETTER: Go Green Taxis has partnered with Magenta Technology to create a new AI platform that will reduce fuel consumption by calculating the most fuel-efficient route available.
  • LOVE CONQUERS CLIMATE? A new Bollywood film will tell the story of a couple battling climate change to be together. The film is set in a fishing community in Odisha that faces rising sea levels and loss of livelihood. The state is one of India’s most vulnerable.

In Peril

  • CARBON, COSTS: The US, India and Saudi Arabia are three countries set to lose the most from climate change new research led by the University of California San Diego has revealed. The research looked at the social cost of carbon. The Guardian has launched a new in-focus series: “Americans – the next climate migrants.”
  • FEARFUL SYMMETRY: Investigators for World Animal Protection has unearthed evidence of cruelty and illegal trading that has driven the slaughter of endangered jaguars. The bodies, often regarded as substitutes for tiger body parts, are sold for traditional Asian medicine.
  • GAINING PACE: Bovine tuberculosis has spread around the UK, infecting dogs and cats as well as lions in zoos fed infected cattle meat. Last year more than 43,000 cattle were slaughtered after testing positive for bTB. DEFRA is due to publish a review of its progress tackling the disease later this month.

In Investment

  • NEW STANDARDS: Standard Chartered Plc has become the latest bank to stop financing new coal-fired power plants as part of its commitment to supporting the Paris Agreement on climate change.
  • A GREAT ASSET? A UBS study has found one in five rich Britons have assets held in sustainable investments. The research puts the UK’s wealthy behind Chinese and Brazilian millionaires in investing ethically.
  • WHO FUND THE WORLD? Good Money Week 2018 – a campaign starting at the end of September and run by the UK Sustainable Investment and Finance Association – will this year focus on female economic empowerment and the investment gap.
  • GREEN BUILDS: Thirty-nine European banks, including BNP Paribas and EON AG, have agreed to trial a green mortgage which would see savings for borrowers who ensure their properties abide by energy efficiency standards set by the World Green Building Council.
  • CHAIN OF COMMAND: EDF Energy and UK Power Reserve have completed the first exchange of a capacity market obligation using blockchain.
  • HERE’S LOOKING AT YOU KID: Morocco’s Casablanca Finance City has raised 335 million dirhams ($ 35.8 mln) via a green bond to finance its environmentally friendly real estate programme.