Not all of UK’s pension funds taking climate risks into account

The Environmental Audit Committee said six out of 25 industry leaders do not formally consider climate change as a strategic danger

Cold weather boosted Centrica performance despite slipping customers

The energy giant said it expected to reduce jobs by around 1,000 through 2018

International activity accounted for 55% of Scottish oil and gas business last year

The sector saw £10.4 billion of sales from direct exports and international subsidiaries

SSE and National Grid ‘among firms leading green movement’

These firms operate significant renewable capacity and have a strategic interest to see a clear policy pipeline favouring low carbon power

ScottishPower loses 200k customers

Big Six utility ScottishPower has reported losing about 200,000 customers in the last year. The energy firm said the number of accounts it held fell from 5.3 million to 5.1 million as it faced tougher competition and increased pressure from new entrants to the market. The reduction contributed to its retail supply division’s earnings falling […]

EU approves natural gas merger

The EU has approved the acquisition of a natural gas supplier by energy firm Edison. Gas Natural Vendita Italia was the business that was bought – both companies are based in Italy. The firm that has been sold is currently owned by Gas Natural Fenosa Internacional SA. The Commission has concluded the deal would raise […]

‘Many businesses not taking steps to go green’

Many global businesses are not taking the necessary steps to integrate and advance energy and sustainability programmes. That’s according to new research from Schneider Electric, based on a survey of how 236 organisations are preparing for a low carbon economic landscape. Although most organisations say they feel prepared for a decentralised, decarbonised and digitised future, […]

Ofwat reviews credit requirements for water retailers

Ofwat has launched a review of the market codes that set out credit requirements for retailers in the business retail market. Currently, retailers can choose to prepay wholesalers for the water their customers use or postpay, which includes providing a form of credit. This must cover the cost of supplying their customers for 50 days […]

Most UK businesses support new carbon reporting framework

A new energy and carbon reporting framework is supported by 87% of decision makers in British businesses. That’s according to new research from npower Business Solutions, which shows these stakeholders believe this is likely to drive a nationwide reduction in companies’ energy use, bills and carbon emissions. The survey of 500 senior figures suggests reduced […]

Climate mitigation ‘is embedded in European business’

Action against climate change is now embedded in the strategies of businesses across Europe. That’s the verdict from the European Round Table of Industrialists (ERT), which has published a new report illustrating how 30 multinational companies, including Heineken, ABB and Eni are working towards cutting carbon and achieving the goals of the Paris Agreement. For […]