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Over 400 UK firms have been recognised for prompt payments. The Fair Payment Code aims to combat late payments costing the UK economy £11 billion annually. Businesses must demonstrate transparent payment practices to qualify for awards under the scheme.
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Most companies increased sustainability investments despite reduced stakeholder pressure. Deloitte’s survey shows 83% of companies have increased their sustainability investments, with many executives citing tangible benefits such as revenue growth and cost reductions, even as pressure from some stakeholder groups has diminished….
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Siemens and Airbus partner to decarbonise industrial sites in UK and US. The new framework agreement focuses on renewable energy integration and low-carbon heat systems. Siemens aims to reduce energy demand and emissions, supporting Airbus’ sustainability targets….
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EcoVadis launches Worker Voice Connect for workplace grievance reporting. The new digital tool enables workers to report concerns anonymously, addressing gaps in current grievance mechanisms focused more on corruption or compliance rather than human rights or working conditions….
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Longevity Partners appoints Jessica Francisco as new CEO. The consultancy, focusing on energy and sustainability, welcomes Francisco, formerly of Cushman & Wakefield, as Etienne Cadestin steps down. Cadestin will remain as Founder and Board Member, influencing strategic direction….
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Tokyo issues bonds to fund climate resilience initiatives. The Tokyo Metropolitan Government plans to raise JPY 50 billion to fund climate resilience projects. The bonds will support the TOKYO Resilience Project, focusing on adapting to and mitigating the impacts of natural disasters….
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UK regulators will shorten bonus deferrals for senior bankers. The Prudential Regulation Authority and Financial Conduct Authority will reduce the deferral period from eight to four years, aligning UK rules more closely with international standards.
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Class 3 Technologies secures $3.5 million to advance climate risk tools. The funding aims to expand its Iris software, which uses engineering-based modelling to assess building vulnerabilities, offering property stakeholders precise data for resilience planning….
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Primož Dolenc urged patience on monetary policy. The acting Slovenian central bank governor said the European Central Bank should only cut interest rates further if fresh economic shocks hit the euro area, warning that premature easing could unsettle inflation expectations and financial stability.
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UK GDP inched up by 0.1 per cent in August. Modest gains in services and manufacturing helped offset July’s contraction, suggesting a stabilising economy ahead of next month’s Budget. Economists warned, however, that fragile demand and tight credit conditions continue to limit the scope for faster growth.