Purpose on Payday: SEC Newgate’s view

By Amelia Beale While the UK faced record-breaking temperatures last week, the Conservative leadership race was also heating up, ensuring the UK simmered in July on multiple fronts. With the temperature reaching historic highs of 40 degrees in the UK, the heatwave served as a stark reminder of the need to act now by offering…

Purpose on Payday: SEC Newgate’s View

By Sophie Morello The cost-of-living crisis continues to dominate the headlines, with UK inflation hitting a 40 year high of 9.1%, the highest inflation rate in the G7. This raises a key question, will the UK be able to meet its net zero targets while battling such economic headwinds? With household budgets being squeezed, consumer…

Sexism and the City

By Elisabeth Cowell Research consistently shows that companies with a higher percentage of female leaders outperform those dominated by men. Most recently, a study published by the House of Commons highlighted that companies in the top quartile for gender diversity on executive teams were 25% more likely to have above-average profitability than companies in the…

Purpose on Payday

By Sophie Morello This week the Government announced the formation of the UK Transition Plan Taskforce (UKTPT) to deliver the Government’s ambition to make the UK the “world’s first net zero-aligned financial centre.”  The Taskforce will “develop the gold standard” for climate transition plans aligned to the net zero by 2050 targets, mapping out what financial institutions…

Purpose on Payday

By Sophie Morello Over the past month, Russia’s horrific invasion of Ukraine has thrown up a number of complex issues around the ethics of business and how we keep fragile net zero ambitions alive. Many Western companies operating in Russia were quick to exit, such as Apple and Ikea, but others, like McDonald’s, were slower…

Purpose on Payday

By Sophie Morello Governance as an ESG issue has leapt back into the spotlight, following the tragic events in Ukraine. As a result of the Russian invasion and the sanctions now being imposed by other countries, there will be renewed attention from media and activists on the investors and partners that businesses have and we…

Purpose on Payday

By Sophie Morello We are embarking on a transformational year for business and the environment – at least that is the hope! Last year was a year of commitments and aspiration, but this will be a year for governments and big corporates to start demonstrating measurable and meaningful impact. We are firmly on the road…

Purpose on Payday

By Sophie Morello It’s been an historic month. We have witnessed the biggest international summit the UK has ever hosted, culminating in the Glasgow Climate Pact which keeps the 1.5C global warming target alive (just), but only if carbon reduction plans go further and current commitments are met. It was not the world-saving finale we had all hoped for at…

Purpose on Payday

By Ian Morris October has been dominated by environmental issues, with governments, non-governmental organisations, campaigners and businesses all getting a little bit excited about the long-awaited COP26, which begins on Sunday. We have seen Boris Johnson announcing £10bn of private investment for green projects from the Global Investment Summit at Windsor Castle. A £400m partnership…

Purpose on Payday

By Andrew Adie September has been the month when the ‘road to COP26’ moved up a gear. Shuttle diplomacy, which has been conducted behind the scenes to try and ensure that the carbon reduction commitments needed to deliver the Paris targets are agreed, morphed into public pronouncements about efforts to decarbonise. Boris Johnson’s UN speech…