Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 258.30
Bid: 258.30
Ask: 258.50
Change: 3.70 (1.45%)
Spread: 0.20 (0.077%)
Open: 254.60
High: 259.20
Low: 254.60
Prev. Close: 254.60
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Data app pushes Chinese factories to cut pollution - TRFN

Fri, 17th Apr 2015 14:33

By Laurie Goering

OXFORD, England, April 17 (Thomson Reuters Foundation) -W hen environmentalist Ma Jun set out to tackle pollution fromChinese industries, it seemed a near-impossible task.

Taking polluting factories to court was difficult. Factoryowners were powerful, and the incentives were stronger to cutenvironmental corners than comply with regulations.

But China's government, worried about public anger overworsening pollution, had begun collecting real-time emissionsdata from factories and when Ma asked for water pollution databe made public, officials agreed, giving him fodder for an app.

"I was very surprised when the government said yes," he saidat the Skoll World Forum on Entrepreneurship, where he wasawarded a $1.25 million prize.

"This is a clear sign of the political will of the centralgovernment to solve the environmental problem," he said.

Using the data, Ma's Institute of Public and EnvironmentalAffairs (IPE) built a mobile phone app that lets users see on anhourly basis whether a factory or power plant near their home isviolating pollution standards.

It has been downloaded by three million people in China.

Violations pop up as a red square on a map and can be taggedon social media, often to the local environment agency's accounton Sina Weibo, a popular Chinese hybrid of Facebook and Twitter.

As a result, factories that used to pay fines year afteryear are facing new sources of pressure, Ma said.

The IPE also brought the violations to the attention ofmultinational companies such as Apple, Gap and Uniqlo, whichsource products from the offending factories. Within a month ofcontacting the first 29 companies, 28 agreed to act, Ma said.

"At the beginning, (factories) were resistant," Ma said.

But as growing numbers of buyers told them their contractswere at risk, that changed.

"They decided it was time to fix it," he said.

PEOPLE'S HELP NEEDED

Today, more than 1,800 factories and 120 international firmshave taken steps to reduce pollution because of public pressurebrought about by the app, Ma said.

Using additional air pollution data now included in the app,380 cities in China can check their air quality hourly.

Wang Bidou of the Shandong Environmental Protection Bureausaid letting the public use real-time data to hold polluters toaccount was "a warning to all of the 15,000 companies on thepollution map".

The eastern China province, a heavy coal user, has been oneof the most active provinces in addressing pollution, Ma said.

Ma said the success of Beijing-based IPE's initiative hashelped the Chinese government become more confident abouttransparency and pollution control.

Since agreeing to release water pollution monitoring data,the government has opened access to emissions data fromstate-owned enterprises, steel companies and coal-fired powerplants.

This year, a new environmental protection law came intoeffect that for the first time gives people the right to knowabout, participate in and supervise environmental efforts.

Providing citizens with access to real-time companyemissions data puts China ahead of most other nations, Ma noted.

Taking on China's polluters has not been easy. When violations are pointed out, some factory owners "are in a verybad mood, some are threatening", Ma said.

But several things helped his project, including the factthat its data is based on government monitoring.

"We are looking for a solution. We don't want to destroythem ... This is about helping transform our economy," he said. (Editing by Megan Rowling and Belinda Goldsmith)

More News
2 May 2024 17:06

FTSE 100 boosted by strong earnings from Shell, StanChart

StanChart jumps after posting a 5.5% rise in pretax profit

*

Read more
2 May 2024 08:00

Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ

LONDON, May 2 (Reuters) - Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.

Read more
29 Apr 2024 17:13

Ocado pay policy opposed by 19% of votes cast at annual meeting

LONDON, April 29 (Reuters) - Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million).

Read more
23 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges

(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.

Read more
23 Apr 2024 08:54

LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend

(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.

Read more
23 Apr 2024 08:36

TOP NEWS: Grocery inflation eases again in April despite early Easter

(Alliance News) - Grocery price inflation eased further in April, aided by a significant increase in promotional spending, new data showed on Tuesday.

Read more
22 Apr 2024 17:21

London shares climb over 1%, M&A action lifts midcap stocks

FTSE 100 up 1.6%, FTSE 250 adds 1.1%

*

Read more
22 Apr 2024 16:58

LONDON MARKET CLOSE: New record close for FTSE 100 as war fears ease

(Alliance News) - London's FTSE 100 surged on Monday, with blue-chip equities supported by an easing of geopolitical worry, and hope that the Bank of England is getting a handle on UK inflation.

Read more
22 Apr 2024 14:54

London close: Stocks jump on weaker sterling, easing geopolitics

(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.

Read more
22 Apr 2024 11:33

Jefferies upgrades M&S, Next and Sainsbury's to 'buy'

(Sharecast News) - Jefferies upgraded its stance on a host of UK retail stocks on Monday.

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
22 Apr 2024 08:49

LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer

(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.

Read more
19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

Read more
17 Apr 2024 08:53

LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

Read more
16 Apr 2024 08:38

UK discounter B&M expects full-year profit at top end of guidance

2023/24 revenue up 10.1% to 5.5 bln stg

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.