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This article contributes to the literature on state capacity in financialized political economies by studying the market-based investment setting for the Thames Tideway Tunnel, a £4.2 billion sewer, built underneath central London to prevent raw sewage from spilling into the River Thames. Most analyses conclude that financial statecraft undermines state capacities, as it empowers finance and exposes states to uncontrollable risks. This article moves beyond these accounts by arguing that public policy officials engage with finance instrumentally, taking on risks to solve the governing challenges they face. It demonstrates that state action can build islands of state capacity with financial statecraft in fragmented policy environments. Based on expert interviews and documentary analysis, the article traces how the UK's Ministry of the Environment experimented with a policy instrument and used investment capacities from different levels of government, to implement the Thames Tideway Tunnel through institutional equity investment and share risks in the privatized and financialized environmental sector. The paper concludes that under the current conjuncture, financial statecraft will play an important role in addressing the climate crisis. Therefore, further comparative research is required to explore its normative paradox. [ABSTRACT FROM AUTHOR]

The aim of this paper is to identify and gain insights into small and medium‐sized enterprises' (SMEs) rationales (why) for engaging in sustainable social and environmental practices (SEPs) that influence social and environmental policy and sustainability changes. Specifically, we depart from the predominately quantitative‐orientated SEPs literature by conducting in‐depth interviews and analysis of owners and managers of SMEs in the United Kingdom within a legitimacy theoretical framework. Our findings from a comprehensive number of interviewees show that SMEs employ a complex mix of both symbolic and substantive SEPs with the aim of enhancing the legitimacy and sustainability of their operations. The results emphasise the strengths of social engagement, reputation and image, environmental embeddedness, industry differentiation and education facilitators. In particular, the paper shows that legitimating strategies can have a dual purpose of being symbolic in nature but also inferring a substantive legitimacy claim. Evidence of SMEs maintaining their legitimacy position stretches further via either a moral and/or a pragmatic standpoint. [ABSTRACT FROM AUTHOR]

In this paper we provide an overview of the UK environmental regulatory framework for subnational policy and planning in devolved English urban areas based on a systematic coding of key legislation and policies against a matrix of sustainability att ributes relevant for human health. Our findings suggest that while elements of sustainability at different scales are addressed to varying degrees, we need to move beyond the 'three-legged stool' of sustainability to assess linked environmental and societal health impacts. Assessing policy using a multi-faceted lens of sustainability such as the one we propose can help to uncover health-development dependencies and the incentives and governance required to enhance these at different scales (planetary, regional, neighbourhood and building). We propose a coordinative role for spatial planning to integrate responses to socio-environmental health priorities for sustainable development and make recommendations for dynamic decisionmaking on environmental and human health impacts in urban development sett ings. Doing so can help promote just (equitable) transitions, decoupled from a pervasive ecological modernization discourse that frames the political economy of planning at both the national and local levels. [ABSTRACT FROM AUTHOR]

Agricultural and environmental policies are being fundamentally reviewed and redesigned in the UK following its exit from the European Union. The UK government and the Devolved Administrations recognise that current land use is not sustainable and that there is now an unprecedented opportunity to define a better land strategy that responds fully to the interconnected challenges of climate change, biodiversity loss and sustainable development. This paper presents evidence from three pathways (current trends, sustainable medium ambition, and sustainable high ambition) to mid-century that were co-created with UK policymakers. The pathways were applied to a national integrated food and land-use model (the FABLE calculator) to explore potential synergies and trade-offs between achieving multiple sustainability targets under limited land availability and constraints to balance food supply and demand at national and global levels. Results show that under the Current Trends pathway all unprotected open natural land would be converted to urban, agriculture and afforested land, with the consequence that from 2030 onwards tree planting targets could not be met. In contrast, the two sustainable pathways illustrate how dietary change, agricultural productivity improvements and waste reduction can free up land for nature recovery and carbon sequestration. This enables a transition to a sustainable food and land-use system that provides a net carbon sink with up to 44% of land able to support biodiversity conservation. We highlight key trade-offs and synergies, which are important to consider for designing and implementing emerging national policies. These include the strong dependence of climate, food and biodiversity targets on dietary shifts, sustainable improvements in agricultural productivity, improved land-use design for protecting and restoring nature, and rapid reductions in food loss and waste. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this article is to look at how Corporate Social Responsibility affects financial performance. Design/methodology/approach: The information used comes from a database of 97 companies that spans the years 2012 through 2020 (873 observations). Multiple regressions is the statistical instrument, and management quality is employed as a control variable. A principal component analysis revealed that EFP is one-dimensional, whereas CSR has three dimensions: ERL (Economic-Legal Responsibility), ERR (Environmental Responsibility), and EPR (Environmental Policy Responsibility) (Ethical-Philanthropic Responsibility). The study demonstrates and evaluates CSR's favorable impact on EFP. Findings: According to the research results, the established evaluation model is used to comprehensively explore the effects of CSR on company performance. The experimental results show that in the 4 models selected, the CSR variable has a positive impact (0.084; 0.076; 0.055 and 0.29 respectively). However, it is statistically significant at the a < 0.01 level in the first two models only. In contrast, in models 5 and 6, the effect of CSR is not significant. In models 1 and 5 the capital structure variable has a negative effect (0.035 and 0.15) and is statistically significant at an a < 0.01 level. In models 2 and 6, the variables operationalizing the capital structure, namely DLT/TP and FP/TP, are both insignificant. The first variable has a negative effect in both models 2 and 6. And it is significant at the a < 0.01 level. Practical implications: The paper has guiding significance for the overall development of benefits, and also provides the scientific method for evaluating the effect of corporate social responsibility on financial performance. Originality/value: This study contributes modestly to the field of empirical research dealing with the CSR in Unied Kingdom firms. Indeed, the results of econometric tests confirm the theories theories reinforcing the impact of CSR on the financial performance of the company. [ABSTRACT FROM AUTHOR]

The Environmental Evidence for the Future (EEF) Initiative emerged in response to the challenges and opportunities presented by the UK's decision to leave the European Union and its associated Environmental Frameworks. The Natural Environment Research Council (NERC), working closely with the Collaboration for Environmental Evidence (CEE) and UK stakeholders, developed the initiative to identify and address crucial evidence gaps, offering a long-term vision for environmental policy and sustainability. The EEF Initiative progressed through three stages: strategic priority identification, NERC panel award selection, and the production of Systematic Maps of existing evidence. The first stage involved collaborative workshops across the UK to identify key knowledge gaps in environmental science. The subsequent prioritisation resulted in 65 challenges across 10 thematic areas. The second stage saw NERC initiating, with CEE support, an open call for research proposals emphasising the use of evidence synthesis methodology. The selection process, balancing topic importance and applicant expertise, led to funding for five projects. The final stage involved the production of Systematic Maps of existing evidence based on the CEE Guidelines and Standards, providing a structured overview of existing literature on specific topics. The EEF Initiative demonstrated effective collaboration between UKRI (NERC), an independent non-profit (CEE), academia, and government agencies, addressing critical environmental challenges through rigorous evidence synthesis methodologies. The programme enhanced understanding and utilisation of these methodologies within the research community. Key lessons include the importance of inclusive priority-setting, differentiation between broad policy questions and specific Systematic Map questions, recognition of the value of Systematic Maps, and the role of experience in evidence synthesis teams. As policymakers and researchers navigate environmental policies in a resource-constrained environment, the EEF Initiative highlights the cost-effectiveness and efficiency of systematic mapping and review processes for evidence-based decision-making. The success of funding through NERC sets a precedent for future thematic evidence focused programmes, emphasising the need for continued support in developing synthesis skills among researchers and encouraging direct government commissions for targeted and responsive evidence. The EEF Initiative serves as a model for effective collaboration, providing valuable insights into addressing evidence gaps and shaping evidence-based policymaking in an ever-evolving environmental landscape. [ABSTRACT FROM AUTHOR]

There is evidence that hypertensive heart disease is attributed to environmental noise and air pollution in European regions. Epidemiological studies have also demonstrated the potential role of road traffic air–noise pollution in adverse health outcomes, including cardiovascular diseases such as hypertension. Despite the local implementation of the EU Directive on environmental noise and air quality, it is necessary to explore the progress and understand the impact of policy, legislation and the collection of exposure and associated health data for air and noise pollution in order to improve environmental public health. Therefore, the DPSEEA (Driving force, Pressure, State, Exposure, Effect and Action) conceptual framework model was used to systematically map and review these links and to identify relevant indicators linking air–noise pollution with cardiovascular diseases. With a focus on the EU and specifically UK situation, we critically evaluate the effectiveness of evidence-based policy implementation of action plans, summarizing existing data using modified framework model tools. We concluded that, the DPSEEA conceptual framework provides an effective review method to more effectively, conduct data surveillance monitoring and assessment, and tracking outcomes with different types of evidence in the field of environmental public health. There is great scope demonstrating the use of the DPSEEA conceptual framework to highlight the casual relationship between exposure and effects taking into account other factors such as driving force, pressure, state, exposure and action and to incorporate as surveillance information in the environmental health tracking system (EHTS). [ABSTRACT FROM AUTHOR]

The policy area addressing the climate crisis in the UK, 'Net Zero', will affect many aspects of people's everyday life. Given that policy builds from where we are now, which for some (post austerity, and mid cost of living crisis) means in financial crisis, there is work to be done in enabling a socially inclusive Net Zero. In this article, we modify the Bristol Social Exclusion Matrix's four forms of participation for social inclusion, drawing on the existing literature on the social risks of environmental policy, to articulate the risks of social exclusion in transition to Net Zero. This enables us to develop a 'person-centred' approach to understanding the risks of Net Zero, articulating the risks of exclusion, and who is likely to be affected by them. We conclude by outlining a framework for an inclusive transition, and commenting on the policy and research implications of our thinking. [ABSTRACT FROM AUTHOR]

We investigate the interrelationships among carbon performance, CEO Pay, executive compensation, financial performance and market value. Using data relating to non‐financial firms from UK FTSE 350 from 2009 to 2018, our findings are fourfold. First, our results suggest that actual carbon performance is negatively associated with financial performance and market value of firms. Second, we document that self‐reported carbon performance has no effect on financial performance. By contrast, we observe that self‐reported carbon reduction initiatives performance has positive impact on market value. Third, our results suggest that CEO Pay, and executive compensation have positive moderating effect on the association between self‐reported carbon performance and financial performance. In addition, we show that self‐reported carbon performance–market value nexus is positively moderated by CEO Pay and executive compensation. Fourth, we observe that CEO Pay, and executive compensation have no moderating impact on actual carbon performance–market value nexus. Our findings demonstrate that while firms appear to employ compensation incentives to symbolically enhance their self‐reported carbon performance, this does not result in actual carbon emission reduction. Our findings have key implications for policymakers. [ABSTRACT FROM AUTHOR]

This paper provides a detailed review of the basis and prospects for United Kingdom (UK) proposals for the most ambitious mainstream social, economic, and environmental policy program of the 21st century: the Green New Deal (GND), providing critical reflection for its implementation at a local or regional level. Through a review of academic, policy and book publications we examine the key proposed features of a UK GND, identifying five core elements: financial reforms; green infrastructure investment; financing the GND; ownership structures; and economic, social and climate justice. We subsequently review these policy areas through the lens of multi-level governance (MLG) to understand what scales of policy action are required for these aims to be achieved. We find that, whilst core elements of a UK GND, such as reforms to the financial system, and expansionary fiscal and monetary policy require policy change at national and supra-national level, the majority of GND investments require implementation at the local level. We suggest that, in the context of contemporary UK MLG, there are challenges for fully funding and delivering a GND without a national programme, while highlighting emerging options for coordinating and implementing a GND by local government actors, in the absence of national support. [ABSTRACT FROM AUTHOR]

The article discusses the potential effects to the United Kingdom's (UK) economy and environmental policy if it exits the Energy Charter Treaty (ECT) under the law of treaties. Also cited are the countries exiting ECT like Australia, Russia, and Italy, the efforts to modernize ECT, and how the ECT could hinder the UK's transition to renewable energy and sustain its dependence on fossil fuels.

How we frame environmental problems and their solutions matters. Under the UK Net Zero Strategy and the European Green Deal, climate action—as a policy- and regulatory response to climate change—is framed overwhelmingly positive and coupled with the ambitions to generate growth, facilitate innovation, improve health and wellbeing, ensure inclusiveness and much else. This is done to project climate ambitions as part of a win–win scenario where no one is left behind. Yet it is unclear how each of the different aims relate to each other, which risks creating legal dilemmas, and possibly undermining climate action altogether. [ABSTRACT FROM AUTHOR]

Carbon taxes or similar pricing instruments could play a crucial role in helping countries decarbonise their economies. No country has a single carbon price that applies to all greenhouse gas emissions. The UK is typical in having adopted a complex patchwork of policies that raise the cost of different polluting activities to different degrees, resulting in implied carbon taxes that vary greatly across sources of emissions. We document and quantify these inconsistencies in the case of the UK, and assess the case for greater uniformity after accounting for considerations of efficiency, distribution, carbon leakage and the use of alternative policy instruments. We argue for greater rationalisation of environmental taxes in the UK and other developed economies. [ABSTRACT FROM AUTHOR]

In the European Union (EU-27) and UK, animal farming generated annually more than 1.4 billion tonnes of manure during the period 2016–2019. Of this, more than 90% is directly re-applied to soils as organic fertiliser. Manure promotes plant growth, provides nutritious food to soil organisms, adds genetic and functional diversity to soils and improves the chemical and physical soil properties. However, it can also cause pollution by introducing toxic elements (i.e., heavy metals, antibiotics, pathogens) and contribute to nutrient losses. Soil organisms play an essential role in manure transformation into the soil and the degradation of any potential toxic constitutes; however, manure management practices often neglect soil biodiversity. In this review, we explored the impact of manure from farmed animals on soil biodiversity by considering factors that determine the effects of manure and vice versa. By evaluating manure's potential to enhance soil biodiversity, but also its environmental risks, we assessed current and future EU policy and legislations with the ultimate aim of providing recommendations that can enable a more sustainable management of farm manures. This review explored the relationship between manure and soil biodiversity by considering 407 published papers and relevant legislative provisions. In addition, we evaluated whether benefits and risks on soil biodiversity are considered in manure management. Thereafter, we analysed the current legislation in the European Union relevant to manure, an important driver for its treatment, application and storage. This review found that coupling manure management with soil biodiversity can mitigate present and future environmental risks. Our analyses showed that manure quality is more important to soil biodiversity than manure quantity and therefore, agricultural practices that protect and promote soil biodiversity with the application of appropriate, high-quality manure or biostimulant preparations based on manure, could accelerate the move towards more sustainable food production systems. Soil biodiversity needs to be appropriately factored in when assessing manure amendments to provide better guidelines on the use of manure and to reduce costs and environmental risks. However, radical changes in current philosophies and practices are needed so that soil biodiversity can be enhanced by manure management. Manure quality in the EU requires greater attention, calling for more targeted policies. Our proposed approach could be applied by European Union Member States to include soil protection measures in national legislation, and at the EU level, can enable the implementation of strategic goals. [Display omitted] • More than 1.4 billion t y−1 of manure are generated in the EU and UK and re-applied to soils with potential harmful effects. • Current European regulations on manure disposal are scattered across different legislations and ignore soil biodiversity. • This review of 407 documents revealed that manure quality is more important to soil biodiversity than manure quantity. • To promote soil biodiversity by manure amendments, a radical transformation in the way agriculture is conducted is needed. • This approach could reinforce EU MS' commitment to protect soils and improve future agricultural policies at the EU level. [ABSTRACT FROM AUTHOR]

Biophysical condition is one indicator of the immediate success of efforts to restore degraded rivers as well as longer‐term progress towards improving water quality. In the context of the Water Framework Directive (WFD), the biophysical condition of river systems in the UK also reflects how well international environmental policy translates into improved river management domestically. We assess whether the condition of river systems in the UK has improved or declined over the past two decades, whether regions identified by the first WFD assessment have improved or declined, and thus, how effectively international policy has been implemented nationally. Methods include: statistical and spatial analysis of more than 25,000 habitat condition records collated in the River Habitat Survey over the 1990s and 2000s; computing of an Index of Change for Local Authorities; and comparison of Indices of Change with a sub‐sample of 1,727 WFD assessments conducted in 258 Local Authorities. Findings include that three of four measures indicate that biophysical quality has declined, although only the decline in one measure (habitat quality) was statistically significant. Riparian quality has improved, although measures do not consider invasive compared to native coverage. In total, 27 regions were identified with the worst declining quality. Comparative analysis of regions suggests that condition has declined most substantially in regions that were previously in "good" condition. Priorities for future investment include improving degraded sites, protecting high quality sites, and increasing monitoring of "data poor" regions. Our methodology offers an approach for utilising "messy" routinely collated data like the RHS. However, guidelines are needed to support the use of similar datasets for the international river restoration community. [ABSTRACT FROM AUTHOR]

Simple Summary: Equestrian land could be a potentially important environmental resource, given that pastureland can help to sequester carbon from the atmosphere, prevent soil erosion and provide diverse ecosystems for native plant and wildlife species. However, equestrian land has been overlooked in environmental research and policy. This study reports on the ways which horse, pony, donkey and mule keepers in the UK described environmental practices as part of their equid care. Through an analysis of survey responses (N = 758) from equid keepers using alternative grazing systems, we report on three very different management approaches which resulted in keepers aiming to promote healthy pastures and healthy animals. This study provides the basis for future research exploring attitudes to sustainability in equid keepers, as well as evaluating the impact of their efforts. Equestrian grazing management is a poorly researched area, despite potentially significant environmental impacts. This study explored keepers' use of alternative grazing systems in the care of UK horses, donkeys and mules through an internet survey. The survey was available during the summer of 2020 and comprised closed and open questions, which were analysed with descriptive statistics and iterative thematic analysis, respectively. A total of 758 responses was incorporated into the analysis; the most popular system used were tracks (56.5%), Equicentral (19%), "other" (e.g., non-grass turnout) (12.5%), rewilding (7.5%) and turnout on either moorland (0.7%) or woodland (2.5%). The thematic analysis highlighted that equid keepers across the systems were highly engaged in exploring sustainable practices. Their approaches varied according to each system, yet all aimed to fulfil practices in three major categories, i.e., supporting diverse plant life (usually through restricting equid access to certain areas), supporting wildlife (through the creation of biodiverse environments) and sustainably managing droppings and helminths. Additionally, proponents of the Equicentral systems declared to be aiming to support soil health. These data provide a promising insight into equid keepers' behaviour and attitudes to sustainability. [ABSTRACT FROM AUTHOR]