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Aviva invests 50m into sustainability fund

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The company aims to create new employment opportunities and contribute to the UK’s efforts to deliver net zero by 2050

Aviva, the UK’s leading insurer, has announced a commitment to invest £50m into venture capital funds focused on emerging technology which supports a more sustainable future.

The commitment follows the company’s pledge, earlier this year, to become a Net Zero carbon emissions enterprise by 2040.

The new investments into funds with a specific sustainability focus will directly support Aviva’s strategic ambition to contribute to a sustainable economic recovery.

The first investment, announced ahead of Christmas, is into the Clean Growth Fund. Launched in 2020, the initiative invests in promising early-stage UK clean technology companies, with products and services focussed on driving clean growth in the low carbon economy. It aims to accelerate the commercialisation of clean growth technologies, create new employment opportunities across the UK and contribute to the UK’s efforts to deliver net zero by 2050.

“We are investing in new technology which will support the global transition to net zero and help Aviva meet its 2040 net zero ambition. We’ve seen strong growth in sustainability focused start-ups as consumers become more climate conscious.  Our investments will help build upon our knowledge of this space and enable us to continue meeting our customers’ changing needs.” – says Ben Luckett, Chief Innovation Officer at Aviva.

Through its Clean Growth Fund, Aviva has already invested in companies such as Indra, which manufactures and supplies smart electric vehicle chargers, and Wokingham-based Tepeo, which invented a zero-emission boiler.

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Sustainability

Sky inks 10-year deal for clean energy in Scotland

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A windfarm in Scotland
Starting in 2025, Sky will receive 100 GWh annually of clean, renewable energy from the Crossdykes Wind Farm

Sky has signed a 10-year agreement with Octopus Renewables Infrastructure Trust to receive renewable energy from the Crossdykes Wind Farm in Lanarkshire, Scotland. Under this agreement, Sky will receive the majority of renewable energy guarantees of origin (REGOs) generated from the 46 MW wind farm, which will help Sky reduce the emissions associated with its electricity use.

Starting in 2025, Sky will receive 100 GWh annually of clean, renewable energy from the Crossdykes Wind Farm, approximately 69% of the total power generated by the project. This is equivalent to approximately 34,000 UK homes’ annual electricity use. [1]

The agreement is a key part of Sky’s ongoing commitment to sourcing renewable electricity. From being the first media company to go carbon neutral in 2006, to launching the world’s first auto standby set top box – Sky has been committed to decarbonising its business for more than 15 years.

“This agreement is evidence of Sky’s commitment to reducing our environmental impact. We source the majority of our electricity in the UK from renewable energy and this long-term project in Lanarkshire provides us with lasting clean energy for years to come. As a media and entertainment company, we are determined to use our voice to help the media sector and the UK more broadly decarbonise,” acknowledges Fiona Ball, Group Director of the Bigger Picture and Sustainability at Sky.

According to the International Energy Agency (IEA), in 2022, renewable energy supply from solar, wind, hydro, geothermal and ocean rose by close to 8%, meaning that the share of these technologies in total global energy supply increased by close to 0.4 percentage points.

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Sustainability

Last day to enter the EU Organic awards

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Last day to enter the EU Organic awards
The EU Organic Awards was first held in 2022 | Photo: Zoe Schaeffer

Organic food producers in the EU will have until the end of the day to enter the EU Organic Awards 2024. It is the third year that the initiative will be offering a platform to a winner highlight excellence and innovation in the sector. The EU wants to increase organically farmed land to 25% by 2030.

The awards are organised by European Commission, with the EESC, the European Committee of the Regions, COPA-COGECA and IFOAM Organics Europe. The EESC supervises the nomination, shortlisting and award process for three categories: best organic food processing SME, best organic food retailer and best organic restaurant/food service.

“The EU Organic Awards give a recognition to the innovation, passion and dedication of those who truly champion organic food and production in the EU and bring it closer to everyday consumers,” says EESC President Oliver Röpke.

Last year’s winners from the categories for which the EESC supervises have also joined forces to encourage businesses to seek recognition.

Kevin Scully, whose business The Merry Mill was awarded the prize for the best organic food processing SME, urged companies to nominate themselves: “I recommend other businesses to apply for the Organic Awards because it’s very good for a company’s profile and brings a great endorsement.”

Paul Kolarik, head of Austrian eatery Kolarik im Prater that won the best organic restaurant award, said: “Winning the Organic Awards generated great interest in our business from the national media. Thanks to the awards, new collaborations have also emerged and many political representatives became aware of our commitment to the organic and sustainability sector.”

The awards ceremony takes place on 23 September 2024, which is the EU Organic Day.

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Sustainability

Applications open for the EU Organic awards 2024

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Applications open for the EU Organic awards 2024
The EU wants to increase organically farmed land to 25% by 2030 | Photo: Gregory Hayes

Organic food producers in the EU will have until May 12th to enter the EU Organic Awards 2024. It is the third year that the initiative will be offering a platform to a winner highlight excellence and innovation in the sector. The EU wants to increase organically farmed land to 25% by 2030.

The awards are organised by European Commission, with the EESC, the European Committee of the Regions, COPA-COGECA and IFOAM Organics Europe. The EESC supervises the nomination, shortlisting and award process for three categories: best organic food processing SME, best organic food retailer and best organic restaurant/food service.

“The EU Organic Awards give a recognition to the innovation, passion and dedication of those who truly champion organic food and production in the EU and bring it closer to everyday consumers,” says EESC President Oliver Röpke.

Last year’s winners from the categories for which the EESC supervises have also joined forces to encourage businesses to seek recognition.

Kevin Scully, whose business The Merry Mill was awarded the prize for the best organic food processing SME, urged companies to nominate themselves: “I recommend other businesses to apply for the Organic Awards because it’s very good for a company’s profile and brings a great endorsement.”

Paul Kolarik, head of Austrian eatery Kolarik im Prater that won the best organic restaurant award, said: “Winning the Organic Awards generated great interest in our business from the national media. Thanks to the awards, new collaborations have also emerged and many political representatives became aware of our commitment to the organic and sustainability sector.”

The awards ceremony takes place on 23 September 2024, which is the EU Organic Day.

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