Green lending tops fossil fuel as Big Oil gets cash elsewhere
For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies.
For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies.
Companies active in the energy sector would not be blamed for losing sight of their ESG strategy in 2022; the energy industry’s pre-COP 26 focus on climate-change action has been somewhat superseded by the race to balance the energy transition with security and affordability of supply.
Climate change and energy transition, shifting from a linear to a circular economy, rising inequality, balancing economic needs with those of society – these are the unprecedented global challenges we all face. Investors, banks, regulators, as well as consumers and employees, are scrutinising businesses like never before and demanding that we address these challenges.
Over a third of the UK’s carbon emissions are generated by the 80 percent of domestic homes currently using natural gas for heating and cooking.
Natural gas is to be classified as a “green” investment under proposals from business secretary Kwasi Kwarteng, according to a report.
Do you know how your company is going to reach net zero by 2050? If we are to achieve that aim, every single business is going to need to play its part.
In this latest in our series on ESG investing, Mike Scott assesses the global energy outlook ahead for 2022. Although oil and gas prices are healthy, energy firms will need to stay focused on net zero and emissions targets, and keep an eye on growth areas like hydrogen and other renewable energy sources.
For many, the Covid pandemic has been a catalyst to press re-set on everything from our social values to health, well-being and sustainability.
Now more than ever – in terms of cost and the impact on the environment and ESG reporting – energy management is important to your organisation.