‘Largest ever’ asset manager ESG evaluation launched

first_img“The aggregate data will be used to present those asset managers that demonstrate a commitment to ESG-focused competencies and capabilities to UK pension trustees and asset owners, highlighting expertise and innovation in the investment process,” it said.A report is also to be published to all key industry policymakers and stakeholders “as a mechanism to drive change and greater engagement across the industry”.UK pension schemes and their trustees are to be granted access to the asset manager responses at no cost.“This results of this work has the potential to create unprecedented transparency in the industry,” Joe Dabrowski, head of DB, LGPS and standards at the PLSAJoe Dabrowski, head of DB, LGPS and standards at the PLSA, said pension schemes were “keenly aware” of the impact of climate change on their investments and on saver outcomes but needed the services and support of asset managers to investor accordingly and adapt to a fast-changing regulatory environment.“This results of this work has the potential to create unprecedented transparency in the industry,” he said. “I know pension funds and key industry policymakers will be interested to see the report of findings.”Keith Phillips, CEO of TISAtech, said: “This evaluation, which we hope will become an annual exercise, will support the pensions and wider financial services industry to navigate new risks and will ensure transparency.“It will soon become very clear who is adapting and performing well and who is not.”TISAtech describes itself as “a digital marketplace that brings together financial institutions and fintechs for greater collaboration and innovation. Currently, ESG technologies are highly fragmented, so TISAtech provides a place for these technologies to convene.”To read the digital edition of IPE’s latest magazine click here. More than 1,700 asset managers globally have been sent a request for information about environmental, social and governance (ESG) issues facing investors and their ESG-centric investing strategies, according to the UK industry bodies behind the move.TISAtech, a new digital platform launched by The Investing and Saving Alliance (TISA), sent the request for information to the asset managers. The Pensions and Lifetime Savings Association (PLSA) is collaborating with TISAtech on the initiative as part of its ‘Investing for Good’ programme.The deadline for response is 22 October. IPE was told that 25 asset managers registered to respond within the first hour of the request for information being posted via investRFP.com.The latter said a primary objective of the request was to support UK pension schemes’ active management of their exposure to climate change (risk), in line with Taskforce on Climate-related Financial Disclosures recommendations.last_img read more

Read More »

Fluxys, Enagas close Swedegas sale

first_imgBelgian and Spanish natural gas infrastructure companies Fluxys and Enagás have closed the previously announced sale of Swedegas, owner and operator of the high-pressure gas grid in Sweden.The buyer of Swedegas, FS Gas Transport is an indirectly wholly owned subsidiary of First State Investments managed European Diversified Infrastructure Fund II.First State, that also owns the largest Swedish gas distribution network, previously approached Fluxys and Enagás with an offer to buy Swedegas.Both companies, each owning a 50% stake in Swedegas, agreed to this proposal in September and the transaction was closed Wednesday upon approval by the Swedish Competition Authority.Fluxys and Enagás closed the sale for an amount of 1,03 billion Swedish Krona each, or around 100 million euros at the current exchange rate.Over the past three years Swedegas has developed Sweden into a major growth market for small-scale liquefied natural gas (LNG) in both shipping and industry.The company also is a frontrunner in the transmission of low-carbon gas and has completed preparations for a joint balancing zone with Denmark.last_img read more

Read More »

Dominion in $9.7 bln asset sale to Warren Buffet’s Berkshire

first_imgDominion Energy will also retain a 50 per cent passive and unlevered interest in Cove Point LNG facility in Maryland. Assets covered by the sale agreement include the company’s ownership interests in Dominion Energy Transmission, Questar Pipeline (including Overthrust and White River Hub), Carolina Gas Transmission, Iroquois Gas Transmission System (50 percent interest), legacy gathering and processing operations, farmout acreage, as well as the mentioned 25 per cent operating interest in Cove Point. Dominion Energy expects that up to 90 percent of its future operating earnings will come from its portfolio of best-in-class electric and natural gas state-regulated utility companies centered around five key states: Virginia, the Carolinas, Ohio, and Utah. Commenting on the deal, Thomas Farrell, Dominion Energy chairman, president and CEO, noted the company is targeting carbon and methane zero emissions target for 2050. The transaction is expected to close during the fourth quarter. It requires Hart-Scott-Rodino clearance as well as approval from the U.S. Department of Energy. “This narrowing of focus will also allow us to increase our long-term earnings growth rate guidance by around 30 percent”, Farrell said.center_img Dominion Energy has agreed to sell all of its gas transmission & storage segment assets including a 25 per cent stake in the Cove Point LNG plant. Cove Point LNG (Courtesy of Dominion Energy) The buyer, a unit of the Warren Buffet-led Berkshire Hathaway is set to pay $9.7 billion for the assets. The consideration includes the assumption of $5.7 billion of existing indebtedness. “Over the next 15 years, we plan to invest up to $55 billion in emissions reduction technologies including zero-carbon generation and energy storage, gas distribution line replacement, and renewable natural gas. In addition, between 2018 and 2025 we expect to retire more than four gigawatts of coal- and oil-fired electric generation.”last_img read more

Read More »

Plea to ‘treat booze like ciggies’

first_imgStuff.co.nz 13 July 2012 The children’s commissioner says an “explosion” in the number of children with signs of foetal alcohol syndrome terrifies him. Russell Wills, a paediatrician, yesterday urged a health select committee inquiry into child abuse to look again at a minimum-price regime for alcohol sales and to treat alcohol “with the same seriousness” as cigarettes. “The effect of foetal alcohol syndrome honestly terrifies me,” Dr Wills said. “My outpatient work is largely with children with severe behaviour disorders, and like all of my colleagues, my experience is the number of children that I’m seeing with foetal alcohol effects has just exploded in the last five years, and all of us are seeing this.” The trend was frightening because even though early intervention could mitigate the effects of the syndrome, there was a “very substantial number of these kids” coming through the education system who would need a lot of help. Whereas young people were actively discouraged from smoking, the same did not apply to alcohol. “Alcohol causes enormous harm to children and it’s my view that we’re not treating alcohol with the same seriousness as we are cigarettes,” Dr Wills said. http://i.stuff.co.nz/dominion-post/news/7271216/Plea-to-MPs-on-child-abuselast_img read more

Read More »

Relocation of Antique capitol, San Jose town hall pushed

first_imgThe San Jose town hall in Antique shines with decorations during the Christmas season. Mayor Elmer Untaran on Wednesday said they have yet to discuss plans on relocating the town hall outside the “busy” business area. PNA/Annabel Consuelo J. Petinglay Untaran said he will discuss withCadiao the relocation of the town hall so the public will find it moreaccessible for their transactions.(With areport from PNA/PN) Meanwhile, Untaran said the town hallis located in the busy business area of the town where there are banks andother establishments. SAN JOSE, Antique – The provincialgovernment and this capital town were planning to relocate their governmentedifices outside the town proper to avoid traffic congestion.    “The capitol has to be relocated in awider area where there could be parking space for the government vehicles andeven of the employees,” she said. He said relocating the town halloutside of the town proper can somehow solve the problem.  center_img “San Jose has no plaza where we couldhold programs,” he added.  The provincial government is planningto purchase the lot within the year, Cadiao added. Governor Rhodora Cadiao on Wednesdaysaid she and San Jose mayor Elmer Untaran have not yet discussed the plans torelocate but the provincial government, according to her, is willing to sharethe five-hectare lot in the proposed relocation site in Barangay Supa here. “Traffic is really a problem,” Untaranadded, saying some vehicles are parked along the roadside causing traffic. last_img read more

Read More »

Area Boys Basketball Scores (2-14)

first_imgArea Boys Basketball Scores.Tuesday  (2-14)Union County  51     East Central  43Greensburg  62     Seymour  52Rising Sun  64     Jac-Cen-Del  39Greenwood Christian  71     Waldron  61Morristown  67     Central Christian  43Knightstown  45     SW Shelby  44last_img

Read More »

Seeding

first_imgDid you notice in the Enquirer that Mick Cronin of the Cincinnati Bearcats hinted that he did not think Cincinnati would get more than a number 5 seed?  This is because of the financial consideration that the NCAA Committee would put on Cincinnati’s value to the NCAA tournament.  I have long suspected that the NCAA gives the top seeds to schools that have the largest following of fans.  We know, for instance, that North Carolina and Kentucky will fill the arenas in which they play.The NCAA Committee will deny this as vigorously as politicians do when asked about some of their votes in Congress.  Like Coach Cronin, I feel that certain schools will get a high seed even if their record is not as good as a school like Gonzaga.  The NCAA also places certain schools in a bracket that insures that their fans will not have to travel long distances.  When is the last time you saw Duke play in the West bracket?last_img read more

Read More »

Report ranks the ‘Queen City’ high for STEM jobs

first_imgBatesville, In. — Available jobs in Science, Technology, Engineering & Math (STEM) fields are expected to outpace any other field until at least 2024. A new report from WalletHub says Cincinnati is the 10th best city in the country for those in STEM fields.A link to the complete report is here.last_img

Read More »

DeSantis signs bill allocating $500 million to increase teacher salaries

first_imgOn Wednesday Florida Gov. Ron DeSantis made the announcement that he has signed a bill that will allocate $500 million to increase teachers’ salaries.“Today what we will be signing is a bill that will provide $500 million directly to teachers, all public school teachers — school district or charter — and it will take Florida from number 26 in the nation to number five in the nation for average minimum salary,” he said.DeSantis said the bill will also include another $100 million for more experienced teachers who are making more than the average minimum.DeSantis said the budget will go into effect in July.last_img

Read More »

Golf News Neha moves into contention, flawless Vani rebounds to Tied-2nd in Hero WPGT

first_imgHosur (Tamil Nadu): Neha Tripathi put herself in contention yet again with a fine one-under 71 in the second round of the 10th Leg of the Hero Women’s Pro Golf Tour here on Thursday.Meanwhile, Vani Kapoor rebounded from her modest first round showing with the week’s best card of three-under 69 to move to Tied-2nd alongside Amandeep Drall (71-71) at Clover Greens here.Neha is now three-under 141 and holds a one-shot lead over Vani and Amandeep. Vani is playing only her third event on the Hero WPGT this season.One shot behind them at one-under 143 is Gaurika Bishnoi (73-70). The scores this week have been consistently good with even the fifth placed Tvesa Malik (70-74) at even par.Also Read | Asian Games: pain subsides, hope floats for Mirabai Chanu Neha was cruising with three birdies and no bogeys till the 14th, when she dropped a double bogey on Par-4 15th and then ended with three pars.Vani was bogey free with three birdies, all on the front nine on first, seventh and eighth holes, and she had a series of 10 pars after that.On a day when the golf course yielded a good number of birdies, Amandeep had a double bogey and three birdies, while Gaurika bogeyed the first but made up with three birdies after that, including one on the last hole. Gaurika was the only player to birdie the tough 18th on the second day.Afshan Fatima, who has been having a lean season this year, shot 2-under 70 to get to Tied-6th alongside Suchitra Ramesh (74-72).Read More | Kylian Mbappe reveals he played World Cup finals with a back injury The surprise of the day was amateur Seher Atwal, who after a fine 70 on first day, slipped to 5-over 77 with five bogeys and no birdies and is now eighth.Millie Saroha (75-73) with three birdies between 13th and 16th is ninth and amateur Shweta Mansingh (74-75) is 10th.  For all the Latest Sports News News, Golf News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Read More »