Social Investment
Cameron launches £600 million fund to promote charity investments
David Cameron will today announce the official launch of a £600 million fund to kick-start the world’s first charity investment market. Big Society Capital will provide credit for social enterprises and encourage individuals to invest. It is hoped that the project will eventually lead to easy-access loans for charities and social enterprises – resolving a long-standing complaint of the sector. It also expects the new investment will encourage such groups to bid for lucrative contracts to run public-sector projects such as welfare-to-work programmes and prisoner-resettlement projects which are paid by results.
Environment
Denmark passes legislation: 100% renewable energy by 2050
Denmark’s Parliament has passed the most ambitious green economy plan in the world: it will generate 35% of its energy from renewable energy by 2020 and 100% by 2050. Wind energy, which Denmark has long exploited, currently provides 25% of the country’s electricity.
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Nike partners NASA for zero waste ‘game changer’
Nike has joined forces with NASA to launch a global zero waste challenge, seeking “game changing” innovations that could revolutionise how the planet deals with its waste. The ’Launch: Beyond Waste Challenge’ will identify 10 world-class ideas centred on waste minimisation and closed loop recovery models. Those that are selected will have the change to engage and collaborate with some of the world’s leading thinkers in resource management.
Bacardi has cut water usage by 50% over the past five years according to its latest CSR report which also reveals significant milestones in energy efficiency and waste reduction. The drinks brand claims to have saved 1,630 million litres of water across its global production processes since setting environmental targets five years ago, through a combination of operational discipline, conservation measures, and the use of water efficient equipment and recycling systems.
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