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Mars launches $250 million fund for sustainability innovation. The Mars Sustainability Investment Fund aims to support solutions addressing sustainability challenges in agriculture, ingredients, and packaging, while the company progresses towards its goal to halve carbon emissions by 2030….
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UK hospitality sector loses 69,000 jobs due to tax hikes. The Office for National Statistics reports the sharpest peacetime job cuts outside the pandemic, prompting concerns over government tax policies threatening the industry. A letter to the prime minister highlights these challenges.
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Tesla’s UK sales see modest rebound in June. The electric vehicle market in the UK recorded robust growth, though Tesla’s performance for the year remains slightly down, with a 1.3% decline in registrations from January to June 2025.
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UK local authorities increase climate projects despite budget constraints. Nearly half report financial hurdles, with £67 billion identified for climate initiatives. A new CDP report highlights the importance of local actions amid projected GDP declines due to climate disruptions.
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UK aims for 45,000 jobs with new wind strategy. The Onshore Wind Strategy seeks to reverse stagnation, creating skilled jobs and expanding wind capacity by 2030. It includes measures for faster development, community funding, and industry collaboration.
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Phlair and Carbon Removal to build Norway’s first DAC facility. The Øygarden project aims to remove 60,000 tonnes of CO2 annually, scaling to 500,000 tonnes, using DAC technology powered by solar energy, enhancing Europe’s carbon management capabilities….
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JPMorgan’s Kinexys tests blockchain to tokenize carbon credits. The initiative seeks to address standardization and transparency issues in the voluntary carbon market, partnering with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry to facilitate credit tokenization….
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New rules requiring small businesses to file detailed accounts paused. The government has delayed implementing Companies House reforms over concerns about excessive regulatory burdens on smaller businesses, aligning with its strategy to reduce administrative costs and support economic growth.
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ISSB releases new exposure drafts amending SASB sustainability standards. The drafts focus on nine priority industries, aligning SASB standards with ISSB requirements. Stakeholders can provide feedback until 30 November, with final enhancements expected in 2026….
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Bank of England shows openness to stablecoins in wholesale markets. Sasha Mills, Executive Director of Financial Market Infrastructure, indicated a potential role for stablecoins in wholesale markets, signalling a shift from the Bank’s cautious stance, amidst industry feedback.