Europe’s Climate Leaders 2021
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Offset start-ups devise smart ways to trap carbon
In a geothermal park in southern Iceland, four squat towers with giant fans will soon whirr into life. Built by Climeworks, a Swiss start-up, the towers will extract carbon dioxide from the air and inject it deep underground, where it turns to rock. This method, known as “direct air capture”, is at the forefront of…
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The battle to win at legal tech
When UnitedLex recruited five senior staff with extensive experience at the Big Four accounting firms, the hires were a statement of intent. By appointing senior figures from professional services firms earlier this year, the legal tech company was reinforcing its strategy to offer services as well as products. Legal technology companies such as UnitedLex are…
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Companies grapple with Scope 3 emissions challenge
Measuring emissions is sometimes like measuring calories in a diet — there is a touch of art along with the science. And, for companies, it is most difficult to be purely scientific over indirect, or “Scope 3”, emissions — the greenhouse gases emitted all along their supply chains and in the use of their products.…
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Science Based Targets campaign starts to bear fruit
In December 2015, a few days before the Paris Climate Agreement was hammered out, a group of green campaigners issued a press release that caused a minor stir. It said that 114 businesses, from the Ikea furniture empire to the Kellogg’s cereals company, had joined something called the Science Based Targets initiative. Instead of promising…
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Can businesses deliver on their climate promises?
“I’m very much a believer that it’s action that matters much more so than, you know, the flurry of political promises and statements and slogans.” Those were the words of Christine Lagarde, some years before she became president of the European Central Bank. Now, with the ECB calling for action on climate change to protect…
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Fall in Pinduoduo shares adds to $100bn drop since February
Shares in China’s fastest-growing ecommerce company Pinduoduo fell again on Wednesday, adding to a rout that has knocked $100bn off its market value since February. The company reported first-quarter revenues of Rmb22.2bn ($3.47bn), up 239 per cent year on year and above analysts’ expectations, but also booked a net loss of Rmb2.9bn ($454m). The $160bn…
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Chance of temporarily reaching 1.5C in warming is rising, WMO says
The chance of global warming temporarily reaching the 1.5C mark in the next five years has risen to more than 40 per cent after new monitoring data from the Arctic, according to the World Meteorological Organization. The latest annual report, led by the UK Met office, predicted the rise in the average global temperature by…
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Chicago’s Northwestern plans $39M medical office building
At a time when remote work and telehealth have many hospital chains looking to unload office space, Northwestern Memorial HealthCare is planning a $39 million medical office building near its hospital in Chicago’s western suburbs. If Illinois regulators approves the 11-hospital chain’s application for a 50,000-square-foot facility, construction could start in August and be completed…
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MetroHealth, UH expand pediatric care partnership
Building on an existing partnership, MetroHealth and University Hospitals Rainbow Babies & Children’s are collaborating to bring high-quality pediatric specialty care to more patients, according to a news release. The two systems say they are working together to enhance MetroHealth’s foundation of care with the expertise of UH Rainbow. The latest agreement, which goes into…
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