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Suez ordered to pay £0.5m in fines and costs for pollution incident and breach of environmental permit.

 

Investigation ends into contaminated water problems that caused 'appalling odours' and area's worst outbreak of sewage fungus in 20 years.

 

Following resident complaints commencing in 2012 the Environment Agency visited the Cannon Bridge landfill site near Liskeard and found contaminated surface water and spillages of leachate in uncontrolled areas of the site.

 

After a complex 4 year investigation, Suez Recycling and Recovery UK Limited was ordered to pay £505,000 at a sentence hearing at Truro Crown Court on 03 February to 6 offences under the Environmental Permitting (England and Wales) Regulations 2010.

 

Simon Harry, of the Environment Agency, said whilst paying tribute to local residents:

 

"We take pollution incidents very seriously and this case should send a strong message to all industrial operators of the potential consequences of failing to take adequate steps to protect the environment."

 

Fine: £505,000 (£180,000 fine, £325,000 costs)

Organisation: Suez Recycling and Recovery UK Limited

 

Category: Compliance

Regulation: Environmental Permitting (England and Wales) Regulations 2010

Date published: 09 February 2017

Source: GOV.UK

Savings of USD $12.4 billion in 2016 were reported by suppliers reporting on the Carbon Disclosure Project.

 

Suppliers disclosed a reduction equivalent to 434 million tonnes of carbon dioxide from reduction projects, which is an amount greater that the annual emission of France.

 

Even with these impressive savings (more than double than savings in 2015), the Carbon Disclosure Project ("CDP") 2017 report identifies "a general lack of understanding and maturity on how to address supply chain impacts, when compared to mitigating the impact of direct operations.

 

The total procurement spending power of CDP's 89 supply chain members collectively is US$2.7 trillion, an amount broadly equivalent to the economy of the United Kingdom in 2016. The report highlights that with the sum of all commitments made on the CDP, the world is left on a trajectory towards around 3.4 degree celsius.

 

CDP's "Supply Chain Report 2017" can be accessed via this link.

 

Performance:

Organisation: Carbon Disclosure Project

 

Category: Performance

Standard: Carbon Disclosure Project

Date published: 24 January 2017

Source: https://www.cdp.net/en/reports/archive

ESG Guidelines issued for listed companies at the London Stock Exchange Group ("LSEG").

 

With increased investor demand for more availability and consistency of environment, social and governance ("ESG"), the LSEG have released guidance through its Global Sustainable Investment Centre.

 

The guide, available for both investor and issuers has been issued to over 2,700 companies listed on LSEG's UK and Italian markets. The market combined capitalisation of these markets are valued at more that £5trillion.

 

The guidance, in line with the United Nations' Sustainable Stock Exchange Initiative, has identified eight priorities for ESG reporting which are 1) strategic relevance, 2) investor materiality, 3) Investor grade data, 4) global frameworks, 5) reporting formats, 6) regulation and investor communication, 7) green revenue reporting and 8) debt finance.

 

Xavier R. Rolet MBE, CEO of the London Exchange Group said:

 

 “Our Group plays an essential role in supporting sustainable economic development through a number of our businesses around the world. This ESG guide is an important new tool to encourage and assist issuers in providing ESG information that investors can use to inform their engagement with companies and their investment decisions. I hope this report helps improve transparency and disclosure in this increasingly important area.”

 

LSEG's "Your Guide to ESG reporting" can be accessed via this link.

 

Category: Growth

Initiative: United Nations' Sustainable Stock Exchange Initiative

Date published: 09 February 2017

Source: London Stock Exchange Group