ESG roundup: ERAFP, Vigeo, Proxinvest, ISS, Ethos Foundation

first_imgThe second lot is to find a firm to help the pension fund design a methodology to measure and analyse exposure to climate change-related challenges in its real estate, infrastructure and private equity portfolios. “These portfolios’ exposure to climate change-related challenges will then be evaluated based on the developed methodology,” ERAFP said.The contracts will last for three years, and the deadline for submitting bids is 30 November.Earlier this week, the French pension fund announced an award of two contracts to ESG corporate analysis firm Vigeo.One is to assess ERAFP’s equity and corporate bond investments against the pension fund’s SRI criteria, and the other is to assess the fund’s sovereign, supranational and sub-sovereign bonds (SSA) portfolio on the same basis.At the same time, ERAFP warded three-year shareholder voting advisory contracts to Proxinvest and ISS.Proxinvest was awarded the mandate to analyse the shareholder meetings of French companies, while ISS won the mandate to analyse the shareholder meetings of international companies.The tenders for these mandates were announced by ERAFP in June.In other news, the Ethos Foundation and six Swiss pension funds have launched a programme to “engage” with companies listed abroad about governance, environmental and other matters.The initiative has been named the Ethos Engagement Pool International (EEP International).The group said it was aiming to raise companies’ awareness about corporate governance, as well as environmental and social responsibility best practice.The pension funds and Ethos said the move followed the dialogue programme that had already been set up with companies listed in Switzerland and was meant to facilitate the talks between investors and the companies they invested in internationally.The six pension funds are Caisse Inter-Entreprises de Prévoyance Professionnelle (CIEPP); Caisse de pension d’UNIA; CAP Prévoyance; Prosperita Stiftung für die berufliche Vorsorge; Abendrot Stiftung and Pré and Caisse de pensions de la fonction publique du canton de Neuchâtel.Collectively, they have assets under management of CHF15bn (€13.8bn).The Ethos Foundation is made up of more than 200 Swiss pension funds and other tax-exempt institutions, and says it aims to promote socially responsible investment and “a stable and prosperous socio-economic environment”. France’s ERAFP is launching a tender to find one or more specialist consulting firms to assess climate change-related risks and opportunities.The €23.5bn mandatory pension scheme for civil servants said the tender was being carried out to measure the exposure to climate risks in its portfolios, and that the task would be split into two lots.The first lot is to measure the exposure of ERAFP’s equity and bond portfolios to climate change-related risks and opportunities.This assessment will be based on indicators such as carbon footprint or contribution to the energy transition, and will evaluate the European, North American, Pacific and French equity portfolios, the international convertible bonds portfolio and the euro and US dollar-denominated corporate bond portfolios, as well as the pension fund’s government bond portfolios.last_img read more

"ESG roundup: ERAFP, Vigeo, Proxinvest, ISS, Ethos Foundation"

Singapore’s Container Figures at Record High

first_imgThe Port of Singapore’s container throughput in 2019 hit an all-time high of 37.2 million TEUs, amidst challenging global economic conditions driven by geopolitical tensions and trade wars.The port’s container throughput increased 1.6% from the 36.6 million TEUs registered in 2018, the Maritime and Port Authority of Singapore (MPA) said.Overall, the port handled a total of 626.2 million tonnes of cargo in 2019, with the vessel arrival tonnage hitting 2.85 billion Gross Tonnage (GT).The port’s bunkering performance was steady, registering a bunker sale volume of 47.5 million tonnes in 2019. When compared to the figures from the previous two years, the bunker sales were somewhat down as the bunker sale volume stood at 49.8 million tons in 2018 and 50.6 million tons in 2017.Singapore, one of the biggest bunker ports in the world, is reportedly experiencing heavy queuing at the port as vessels wait in line to bunker compliant fuels now that the IMO 2020 regulation has entered into force.What will be the impact of the new regulation on the port’s bunkering performance this year remains to be seen.“The Singapore Registry of Ships continues to rank amongst the top ship registries in the world, reflecting Singapore’s reputation as a quality flag of choice for international ship owners,” the MPA added.The total tonnage of ships under the Singapore flag reached 97.3 million GT in 2019.last_img read more

"Singapore’s Container Figures at Record High"

Mike Hosking: Canada’s example shows the dangers of legalising cannabis

first_imgNewsTalk ZB 28 November 2019Family First Comment: “The legalisation in Canada had the same sort of ideological bollocks wrapped around it as the pro dopers are pedalling here. It’s a health issue, we want to offer support, we want to control the market, we want the bad guys out of the business. One year on none of it has happened. In fact, quite the opposite, the illegal side of the trade has flourished.”#saynopetodopeI think we can be somewhat grateful to Canada for legalising cannabis a good year or so ahead of us. They’re making a complete hash – no pun intended – of it.This week’s news is the massive over supply: the market went nuts, grew it like there was no tomorrow, so now they have warehouses full of it. And you know what happens to the price when the supply side is out of kilter – yes, it crashes.That’s the trouble when it comes to drugs. Cheap drugs then lead to greater uptake, which is fine if its fruit and veggies but not if it’s the sort of product that leads to dependence and psychosis.The legalisation in Canada had the same sort of ideological bollocks wrapped around it as the pro dopers are pedalling here. It’s a health issue, we want to offer support, we want to control the market, we want the bad guys out of the business.One year on none of it has happened. In fact, quite the opposite, the illegal side of the trade has flourished.And here’s the simple truth about government vs private enterprise when it comes to business of which pedalling dope is: the private sector always wins. It wins on agility, creativity, flexibility and street smarts.They’re not driven by policy, by politics, by agencies, by bureaucracy, they’re driven by a bottom line: you want it, they got it.So not only do the Canadians have two and a half years’ worth of supply in warehouses. They also have the psychological things they didn’t think of.READ MORE: read more

"Mike Hosking: Canada’s example shows the dangers of legalising cannabis"

Saner recognized as a ‘Leader in Banking Excellence’

first_imgIndianapolis, In. — Director of the North Salem State Bank and the North Salem Bancorporation, James L. Saner was recognized as a “Leader in Banking Excellence” recently by the Indiana Bankers Association. The award highlights exceptional bankers who have positively impacted Indiana banks and the communities they serve. Saner joined eight other bankers that received the honor.The ceremony took place at the Indiana Bankers Association office in Indianapolis. Some distinguished speakers were Congressman Trey Hollingsworth; Indiana Department of Financial Institutions Senators Rodric Bray and Travis Holdman; IBA Chairman Clay Ewing, German American Bank Jasper and IBA President and CEO Amber R. Van Til.The text of the plaque reads as follows:James L. Saner Sr. has been serving the financial industry for more than 35-years, most recently as a director of North Salem Bank and the North Salem Bancorporation since 2011. Previously he was president, CEO and director of MainSource Financial Group Inc. from 1998 to 2008. Prior to that he was president and CEO of P.T.C. Bancorp and People’s Trust Company. During his tenure with MainSource, Saner helped build the organization into a $2.8 billion holding company with more than 900 employees in three states. He was a 2002 director of the Indiana Department of Financial Institutions, 1996-97 chairman of the Community Bankers Association of Indiana, and a past advisory director to the Chicago Federal Reserve Bank. Saner is a graduate of Thomas Moore College and of the Executive Management Program at the University of West Virginia. The complete list of honorees is as follows:David A. Bochnowski – People’s Bank, MunsterAlonzo Hernly Boyd Jr. – (deceased), Wayne Bank and Trust Company, Canbridge CityJohn H. Colvin – North Salem State BankMichael L. Cox – (deceased) First Merchants Bank MuncieS. Joe Dehaven – Indiana Bankers AssociationPatrick J. Glotzbach – The New Washington State Bank CharlestownDan L. Moore – Home Bank MartinsvilleJames L. Saner – North Salem State BankMark A. Schroeder – German American Bank Jasperlast_img read more

"Saner recognized as a ‘Leader in Banking Excellence’"

EPL: Arteta, Ancelotti watch on as Everton, Arsenal play goalless

first_imgRelatedPosts Fulham keen on Lookman loan deal Pirlo not out to copy anyone after Juventus’ comfortable opening win EPL: Gunners survive West Ham scare Carlo Ancelotti and Mikel Arteta learned the size of the tasks ahead of them as they watched Everton and Arsenal play out a drab goalless draw at Goodison Park. Everton announced shortly before the match that Ancelotti had signed a four-and-a-half-year deal, while Arteta was also in the stands having put pen to paper at Arsenal on Friday. Ancelotti certainly represents a coup on paper for Everton given his CV, but lifting the Toffees out of their current malaise represents a very different challenge to his usual task of delivering silverware at the world’s biggest clubs. The 60-year-old immediately confirmed that he would be retaining the services of coach Duncan Ferguson, praising the Scot for his work as interim boss. Ferguson’s only defeat in four tough fixtures came on penalties against Leicester in the Carabao Cup in midweek and he used his programme notes to thank the fans and players, saying the experience had surpassed his expectations. Freddie Ljungberg has been considerably less successful since stepping in following the sacking of Unai Emery, winning just one of his six games, and this performance summed up Arsenal’s troubles. The game was littered with misplaced passes and ineffectual final balls from both teams, with just two shots on target in the entire 90 minutes. There had been a tangible sense of optimism as the teams took to the field, with both showing significant changes. Everton have been struggling with injuries and illness but Ferguson was able to recall Fabian Delph, Gylfi Sigurdsson, Lucas Digne and Djibril Sidibe while Ljungberg made five chances from the dispiriting defeat by Manchester City last weekend. Youth was a theme, with Emile Smith Rowe given a first Premier League start alongside Reiss Nelson and Gabriel Martinelli, and Bukayo Saka selected at left-back. Mesut Ozil was sidelined with a foot injury but Ljungberg revealed before the match that he would not have been involved anyway because of his reaction to being substituted against City. Watching Ancelotti and Arteta in the stands may have been preferable to concentrating on the pitch, such was the paucity of quality on show in the first half. Everton at least offered some intensity and purpose and managed five shots, but none were on target, with Sigurdsson’s 18th-minute free-kick the closest they came. The Toffees had to contend with another injury, meanwhile, Alex Iwobi forced off after only 11 minutes with a right hamstring issue and Cenk Tosun coming on. Arsenal had more possession but did very little with it, not managing a single effort on goal until the 44th minute, when Lucas Torreira played a fine through ball for Martinelli, who shot just wide. The Gunners looked more fired up after half-time and Pierre-Emerick Aubameyang produced the first shot on target in the 51st minute, his snap-shot from a corner well saved by Jordan Pickford, though the striker probably should have scored. Saka, meanwhile, was a touch fortunate to escape a second yellow card for a very high boot on Dominic Calvert-Lewin. Everton threatened in the 68th minute when the ball was cut back for Calvert-Lewin on the edge of the box and his shot was half blocked before the ball eventually span just wide of goal off defender Calum Chambers. VAR checked for a possible penalty after Calvert-Lewin’s shot hit a diving Torreira on the arm but nothing was given. As he had against Manchester United, Ferguson chose to substitute a substitute, although this time it was Moise Kean who came on, with a furious-looking Tosun the man removed. Ferguson again did not even look at Tosun as he marched off and headed straight down the tunnel. He did not miss any meaningful action, with referee Kevin Friend’s final whistle something of a relief.— Tags: Carabao CupCarlo AncelottiDuncan FergusonEvertonMikel Artetalast_img read more

"EPL: Arteta, Ancelotti watch on as Everton, Arsenal play goalless"

Serie A players, officials to be tested, then isolated when training resumes

first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians The players and staff at Serie A clubs should be tested for coronavirus and then isolated in training camps when they begin preparing for the re-start of the season.The Italian football federation (FIGC) gave this recommendation on Wednesday, and it is among the guidelines drawn up by its medical committee.“The guidelines were drawn up so that the season, on hold since March 9 because of the coronavirus outbreak, can safely restart,” the FIGC said in a statement.The FIGC is hoping that training can begin immediately after the current lockdown ends on May 3.Italy has been one of the countries hardest hit by the outbreak and players at several Serie A clubs have been among those infected.“In order to restart football safely, it is essential at this stage to develop the best possible procedures to resume activity when the whole country starts up again,” said FIGC president Gabriele Gravina.“We work without haste but also without resting so that we are ready when the institutions give us the green light.”The FIGC said that for the start of training, each club should form a group of players, technical staff, doctors, physiotherapists, and other staff which is “completely negative”.Each club is to then isolate them in a summer-style training camp.The FIGC said all members of the group should be tested for the coronavirus in the 96 hours before the start of the camp.It said the next step of the protocol would focus on “management of the retreat with specific attention to the various training activities and the organisation for the use of the various facilities, including the medical and physiotherapy room.”The recommendation also suggested a staggered re-start to the season with Serie A going first followed by Serie B and then Serie C.The FIGC has said it is determined to complete the season, which still has 12 of the 38 match days to play, although some clubs want it to be called off.Reuters/NAN. Tags: COVID-19Serie Alast_img read more

"Serie A players, officials to be tested, then isolated when training resumes"

Bluebirds sign Theophile-Catherine

first_imgCardiff manager Malky Mackay has confirmed the signing of Rennes defender Kevin Theophile-Catherine. The 23-year-old was at Saturday’s goalless draw with Everton as he tied up a move for a fee believed to be in the region of £2million on a four-year contract. Mackay said: “We have signed Kevin Theophile-Catherine from Rennes. Press Associationcenter_img “He is a good defender, he is someone we have tracked over the last year in France. “He is someone who has pace, is aggressive and has good experience in the French top division, so he is someone we feel will be a good addition to our squad.” The move takes Cardiff’s summer spending through the £30million mark after the acquisitions of Gary Medel, Steven Caulker, Andreas Cornelius, John Brayford, Simon Moore and Maximiliano Amondarain. last_img read more

"Bluebirds sign Theophile-Catherine"

Nothing changes for Pellegrini

first_img “He only played some minutes (20) against Newcastle because he played three games in a row of 90 minutes – but I think he is improving every game and he will always make the difference.” Louis van Gaal insists he has no reason to be jealous of City’s stellar squad. Van Gaal may have invested more than £150million of United’s money in the transfer window, but after six years of almost non-stop spending, City have a squad which is the envy of most clubs in world football. Pellegrini has almost two internationals to pick for every position on the pitch. In the build-up to the derby, many pundits have more City players in their combined Manchester XIs than United, but Van Gaal is not resentful of the players Pellegrini has at his disposal. “I am not jealous of the squad of Manchester City,” Van Gaal said. “I am proud of my players and that is the most important thing and when we play like a team then we have a big chance to win.” Van Gaal’s men may have snatched a creditable draw against Chelsea last weekend, but the fact remains that his team are still a long way off realising his aim of winning the Barclays Premier League. And they were dealt a blow on Friday when Radamel Falcao was ruled out through injury. United, who have Wayne Rooney back from suspension, have won just three times so far and sit 10 points below the summit with almost a quarter of the season gone. Van Gaal admits he needs to record a big win to boost morale among the squad and the supporters, who are still reeling from last year’s shock seventh-place finish. “We are waiting on that boost because that can give you more than only the result,” Van Gaal said. “We have played very well against West Brom and we played a draw against Chelsea, nobody expected that result but for me it was not enough and maybe the result against Manchester City shall give us that boost.” Press Association Pellegrini, whose side also beat United 3-0 on their way to winning the Barclays Premier League, said: “I always say I am not the kind of manager that thinks when you win (it is) because you did (one) single thing. “I think it is very important to play in one way and have absolute trust your players, and I think always the players make the difference. “The (derby) game we played here was in a moment when I was new here, when maybe there were a lot of doubts about the results that we were taking, especially away. “But I didn’t change in my mind the way we had to play against every team. I talked with my players and told them to play in the way we did every game, working in training sessions. “I think that was an important moment and we really played very well.” City are without in-form playmaker David Silva, who has been ruled out for three weeks with a knee injury. But one on-song player still available is Sergio Aguero, who struck four against Tottenham in City’s last home win. Pellegrini said: “I think Sergio will always be a very important player for us. Manchester City manager Manuel Pellegrini took much encouragement from last season’s derby dominance – and intends to send his team out seeking exactly the same this weekend. City head into Sunday’s much-hyped clash with Manchester United at the Etihad Stadium short of form but with Pellegrini vowing to stick to his default, attack-based philosophy. Questions are being asked of the champions’ durability after a run of three games without a win but Pellegrini brushed off similar doubts a year ago, with a 4-1 thrashing of United at home sending out clear signals. last_img read more

"Nothing changes for Pellegrini"

Kanu: NFF Should Nurture Young Eagles

first_imgUgo AliogoFormer Super Eagles striker, Kanu Nwankwo, called on the Nigeria Football Federation (NFF) to nurture the young talents springing up in the national team, adding that they are the future of the Super Eagles. “We want the young ones to be in the big clubs and play matches in order to improve and also for the coaches to see them.”Kanu who disclosed this on Friday at a media chat with journalists in Lagos organised by Startimes Nigeria, called on the federation not abandon them, but closely monitor their growth and progress in their different clubs. “When they are in Nigeria, we should support them, and make sure that they are strong. The more years they play for the national team, the better they become. Nigeria is blessed with talents,” he added.Kanu noted that one of the challenges facing Nigeria’s Super Eagles is selection of right players. The Olympic Gold medallist stated that the country is blessed with abundant talents than many other countries in Africa, but the country has not been able to measure up in international competitions as expected in recent times. The Eagles striker added: “Nigeria is blessed with talents. There is hardly any country in the world where Nigerians are not playing football. “·PREMIER LEAGUE RESULTS & FIXTURESNorwich 0 – 3 SunderlandEverton 1 – 1 SouthamptonMan United 1 – 0 Aston VillaNewcastle 3 – 0 SwanseaWest Brom 0 – 1 WatfordChelsea 0 – 3 Man CityLeicester vs Wes Ham 1:30pmBournemouth vs Liverpool 1:30pmArsenal vs Crystal Palace 4pmShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

"Kanu: NFF Should Nurture Young Eagles"

Munster football and knockout stages of Leinster hurling championships get underway

first_imgThrow-in for both games is at 7pm. The Munster football championship – and the knockout stages of the Leinster hurling championship – get underway later this evening.In Munster Cork travel to Dungarvan to take on Waterford, with Tipperary awaiting the winners in the semi-finals.And in Leinster neighbours Westmeath and Offaly meet at the quarter-final stage.last_img

"Munster football and knockout stages of Leinster hurling championships get underway"