Millennials are driving a $9 trillion change in investing

Millennials aren’t just eating avocado toast and snapchatting; they’re also driving the growth of a $9 trillion market on Wall Street: sustainable investing.

Sustainable investment products, which aim to deliver outsize returns and remedy societal and environmental ills, have grown at a rate of more than 33% between 2014 and 2016 in the US, according to a newly released report by Morgan Stanley. The market for such products, as a result, has grown from $6.57 trillion to $8.72 trillion.

Morgan Stanley’s “Sustainable Signals” report, a sequel to a 2015 report on the subject conducted by the bank’s Institute for Sustainable Investing, examines the findings of an impact-investing-focused survey of 1,000 active investors across the age spectrum. It found that millennials have underpinned the growth of the market for impact investing and the adoption of sustainable portfolio options and other products such as green bonds and green ETFs.

To read the full article please click here

Source: Business Insider UK

Earth Overshoot Day: From this day on we’re using an unsustainable amount of the Earth’s resources

Today marks Earth Overshoot Day – the day by which the human race will have used more of Earth’s natural resources than the planet can renew in the whole year.

Put simply, we use more ecological resources and services than nature can regenerate and this puts the Earth on an unsustainable trajectory.

Through overfishing, overharvesting forests, and emitting more carbon dioxide into the atmosphere than forests can sequester, humans are demanding more from the earth than it can produce.

To read the full article please click here

Source: Telegraph

Few products contain recycled plastics – are consumers part of the problem?

Recycled plastics can be less aesthetically pleasing. Consumer expectation and technical issues make increasing recycled plastic content an uphill challenge

Straws lodged in turtle’s nostrils and plastic bags clogging city streets – the world is oversaturated with waste plastic and the issue has reached fever pitch. Increasing the amount of recycled plastic in products could go some way towards reining in ever-higher volumes entering the environment.

To read the full article please click here

Source: The Guardian

Coca-Cola Unveils Ambitious Sustainable Packaging Strategy

Coca-Cola Great Britain has announced a new sustainable packing strategy that calls for increasing the recycled plastic content in its bottles from 25% to 50% by 2020.

As ethicalcorp.com reports, Coca-Cola has widened its strategy to include “championing new ways to improve recovery and recycling,” which includes a communications campaigns to reach 35 million consumers, clearer messaging on all products to encourage recycling, being active at “experiential” events such as music festivals, and working with customers to share its marketing expertise.

This is part of the beverage giant’s 2020 sustainability goals. Coca-Cola partnered with the World Wildlife Federation to develop the following goals for the company’s nearly 300 bottling partners in more than 200 countries:

To read the full article please click here

Source: Environmental Leader

Carbon emissions report says 100 companies to blame for 71% of greenhouse gases

Annual Carbon Majors Report from environmental charity CDP shows the role corporations play in greenhouse gas emissions.

Investors have been told the fight against climate change is in their hands, with 71% of the world’s industrial greenhouse gas emissions originating at just 100 fossil fuel companies — a third of which are publicly traded.

That’s according to environmental charity CDP’s 2017 Carbon Majors Report, which found that a total of 833 gigatonnes of carbon dioxide-equivalent emissions were released between 1998, when the Intergovernmental Panel on Climate Change was founded, and 2015.

To read the full article please click here

Source: Wired

UPS announces new energy-based sustainability goals

UPS on Tuesday announced aggressive new sustainability goals to add more alternative fuel and advanced technology vehicles to its fleet while increasing its reliance on renewable energy sources.

The goals, available in the company’s “2016 Corporate Sustainability Report”, support UPS’s commitment to reduce its absolute greenhouse-gas emissions from global ground operations by 12 per cent by 2025, a goal developed using a methodology approved by the “Science Based Targets” initiative.

“Because of our size and scale, we know our commitments can shape markets, advance technologies and be a catalyst for infrastructure investments,” said David Abney, UPS chairman and chief executive officer.

To read the full article please click here

Source:The Nation

Virgin Atlantic hails 22% reduction in carbon emissions over nine years

Virgin Atlantic claims to have cut its total aircraft carbon emissions by 22% over the last nine years.

CO2e emissions have dropped from 5,218,451 tonnes in 2007 to 4,082,195 in 2016.

This is mirrored by reductions in two key efficiency measures: CO2 per Revenue Tonne Kilometre (down 17%) and CO2 per passenger km (down 22%), with all three measures having reduced 8% in the last year.

To read the full article please click here

Source:Travel Weekly

SWEDEN PASSES AMBITIOUS CLIMATE LAW TO BE CARBON NEUTRAL BY 2045

Sweden passed a new Climate Act on Thursday, legally binding the country to reach net-zero emissions by the year 2045. The act, which passed in parliament by a vote of 254 to 41, is even more ambitious than what the Scandinavian country pledged under the Paris Agreement: Under the new act, Sweden will reach carbon neutrality five years earlier.

According to a recent analysis, Sweden is one of just three European countries with climate policies in line with the goals of the 2015 Paris Agreement. The country has had a carbon tax in place since the 1990s and has invested heavily in wind and solar since the early aughts. Sweden derives only 25 percent of its energy from fossil fuel.

To read the full article please click here

Source: Pacific Standard

HP reveals new sustainability goals

It´s time to get on board with the circular economy, PC giant says.

HP has unveiled plans to revolutionise the way it works to provide a range of environmentally friendly business practices.

The PC giant has pledged to cut the amount of greenhouse gases and waste material generated in making its products within the next ten years as it looks to promote sustainability within what it calls the “circular economy”.

“Sustainability is a guiding principle for HP,” Judy Glazer, the company’s head of sustainability and product compliance said at the company’s HP Sustainability Summit 2017 event in London today, “there’s a real benefit for our customers and society at large.”

To read the full article please click here

Source: IT ProPortal

Mapping the carbon footprint of EU regions

While the EU Commission has encouraged Member States to combine national and international climate change mitigation measures with subnational environmental policies, there has been little harmonized effort towards the quantification of embodied greenhouse gas (GHG) emissions from household consumption across European regions. This study develops an inventory of carbon footprints associated with household consumption for 177 regions in 27 EU countries, thus, making a key contribution for the incorporation of consumption-based accounting into local decision-making.

To read the full article please click here

Source: IOP Science