Why fashion is paying green dividends
Boohoo Group’s new remuneration policy is the latest green financing initiative to offer incentives for fashion’s environmental and social performance
Boohoo Group announced in its annual report, published on 19 May, that its remuneration policy for the financial year ending February 2022 will link the bonuses of its senior executive directors – including its co-founders, CEO Carol Kane and executive chairman Mahmud Kamani – to its environmental, social and governance (ESG) improvements, as well as financial performance.
Remuneration will be pegged to the fast fashion etailer s Agenda For Change targets. The initiative was launched in September 2020, following a review into its supply chain, led by barrister Alison Levitt. The targets include all polyester and cotton to be recycled, or more sustainable, disclosing all raw material suppliers and aspiring to be independently recognised as the best online retailer to work for, all by 20
Some technologies involved could if proven be used to handle emissions from energy-from-waste plants. Some campaign groups have focused on emissions as a
Banks could be discouraged from lending on draughty homes
Fears of people becoming ‘mortgage prisoners’ under government climate change plans for homes to achieve an EPC rating of C or above by 2030
Some lenders are already rolling out green mortgages on lower carbon homes
Credit: Ian Jones
Banks would be discouraged from lending to owners of draughty homes under Government plans to tackle climate change.
Homes will be expected to achieve an energy performance certificate (EPC) rating of C or above from 2030, under plans to be set out within weeks from the Department of Business, Energy and Industrial Strategy.
To achieve this, the Government has outlined plans to require mortgage lenders to attain higher EPC ratings across the average of their portfolio from 2025. Homes that do not reach higher ratings could face more expensive mortgages, or losing value on their property.
The Environmental Audit Committee’s report on the energy efficiency of existing homes called for energy performance certificates (EPCs) to be overhauled.
MPs call for consistent Deposit Return Scheme across UK
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The government is eyeing the introduction of a DRS in 2024 | Credit: Morrisons
Plastic bottles, glass, and cartons should all be recyclable through deposit return schemes across the four UK nations, Environmental Audit Committee argues
Deposit return schemes to encourage recycling should be consistent throughout the UK, and their scope should be expanded to take cartons as well as plastic bottles.
That is the recommendation of the Environmental Audit Committee of MPs, which today confirmed it has responded to the government s consultation on proposals to introduce a deposit return scheme (DRS) in England, Wales, and Northern Ireland from 2024 with a call for Ministers to ensure the scheme is interoperable throughout the UK.