Money matters

David Ainsworth's round-up of what's happening in the finance world.

Ethical investment research group Eiris has released a study into how effectively the world's biggest companies have met climate change challenges. 

The research, based on the FTSE All-World Index, found that companies were highly committed to climate change initiatives, but most had not revealed the scope of their current emissions. The report is available on the research publications section of www.eiris.org.

- A training scheme for professionals and trustees from community development finance initiatives is being launched by the industry body, the Community Development Finance Association, and the Department for Work and Pensions. James Plaskitt, a junior minister at the DWP, said it would contribute £200,000.

- Co-operative Financial Services has been named company of the year in Business in the Community's Awards for Excellence 2008, which recognise companies that support work by community organisations. The financial services arm, part of the Co-operative Group, was recognised for consistently making sustainable development a top priority. The award was presented last week at a gala dinner at the Royal Albert Hall in London.

- A new academy offering training in not-for-profit business models has opened in Inverness. The Highlands and Islands office of the Social Enterprise Academy will provide a number of fully funded programmes to third sector businesses, and aims to expand the not-for-profit sector's presence in rural Scotland.

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