ESG roundup: UK schemes challenged on climate risk action

first_imgA spokesman for ShareAction said at least 24 schemes had been contacted through the campaign, including public and corporate schemes, and both defined benefit and defined contribution funds.The oil and gas companies will this year hold three-year binding votes on pay policy.The letters argued that the pay policies Shell and BP were proposing did not incentivise business activity compatible with keeping global warming to less than 2°C, which could put shareholder value at risk in the long term.LGPS funds urged to up the ante on investment climate risk Separately, ClientEarth and ShareAction have analysed newly published ‘investment strategy statements’ (ISS) from local government pension scheme (LGPS) funds, and found that more than 80% did not mention climate risk.The analysis came after the organisations contacted The Pensions Regulator in February highlighting varying standards across the LGPS funds in terms of how they were assessing and managing climate risk in their decision-making. The two organisations argued that funds must address climate risk specifically in their investment strategies as climate change posed systemic risks likely to affect a fund’s whole portfolio. They said they would continue to monitor “laggard funds” and might take further regulatory action. Catherine Howarth, CEO of ShareAction, said many LGPS funds were “operating under a number of misconceptions, including legal ones”.“This is not fair on pension holders,” she said. “Members’ savings should be protected across the board from the very real and emergent risks of climate change.”Don’t relax on climate change action, investors urge leadersMore than 200 global institutional investors have called on the heads of state of major world economies to drive investment in low carbon assets and implement climate-related financial reporting frameworks.Overarching these demands was a call for the G7 and G20 leaders to stick with and swiftly implement their commitments to the Paris Agreement on climate change.G20 leaders failed to reference climate change, climate finance, and climate adaptation in an official statement following a meeting of these countries’ finance ministers in March this year. Pressure from the US was reportedly behind the omission of a stated commitment to climate action.In this week’s letter to G7 and G20 government leaders, investors urged global leaders to commit to supporting a doubling of global investment in low carbon assets in developed and developing countries by 2020 and to include carbon pricing in climate-energy action plans.On climate-related financial reporting frameworks, the investors called on political leaders to “clarify the purview of national financial regulators to explicitly mandate, enforce, and evaluate” the quality of climate-related financial disclosures in alignment with the recommendations from the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD).More specifically, national financial regulators should develop mechanisms to monitor whether company and investor disclosures, and national reporting rules, are aligned with the task force’s recommendations. National regulators should provide annual progress reports to the FSB, according to the investors.The letter was coordinated by several investor organisations, including the Institutional Investor Group on Climate Change (IIGCC) and the Principles for Responsible Investment (PRI).Actiam cuts back on coal investmentsElsewhere, the €55bn Dutch asset manager Actiam has said it would divest from companies with a turnover of more than 15% derived from coal production.As a consequence, the manager – a subsidiary of Vivat/Anbang – said it would sell its holdings in 10 emerging market firms, adding that it would publish the companies’ names at a later stage.It said that its entire investment portfolio, including its index products, were subject to the exclusion decision.Actiam’s pension fund clients include the €20bn Vervoer, the sector scheme for private road transport in the Netherlands. UK pension savers have written to schemes such as The Pensions Trust and the Universities Superannuation Scheme urging them to engage with asset managers about voting against the remuneration policies of Royal Dutch Shell and BP.The letters were addressed to trustees and other relevant decision-makers and outline potential liability if they don’t take action.The letter writing campaign was supported by responsible investment campaign organisation ShareAction and environmental law charity ClientEarth.ClientEarth CEO James Thornton said: “ClientEarth is supporting these members to make full use of the law to protect their rights. We’ll be watching how pension funds vote on these remuneration policies, and will be ready to take action where necessary.”last_img read more

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Tyson Fury beats Deontay Wilder in world title fight in Las Vegas

first_img Source: BBC Tyson Fury produced the most destructive performance of his boxing life to end Deontay Wilder’s five-year reign as WBC heavyweight world champion in seven thrilling rounds of their Las Vegas rematch.The Briton, 31, pummelled his rival in a way few could have imagined following their 2018 draw, flooring him in the third and fifth rounds while constantly backing up the most-feared puncher in the division in a way no-one has done before.A jab and right hand – the combination with which Wilder has wiped men out repeatedly – sent the American down in the third, stunning the MGM Grand Arena.Wilder, making his 11th defence, fell again before the round was out – this time a slip – and looked ragged under the pressure, before a right and left hand to the body sent the 34-year-old down in the fifth.Fury delivered everything he had promised, transitioning from his hit-and-move style to overpower, outwork and bully his previously undefeated rival until the towel came in during the seventh round.This was more than a world title win, it was a statement – and as Fury was held aloft by his corner after victory was sealed, the days of depression, weight gain and despair that cost him the belts he claimed in 2015 seemed a lifetime away.Britons treated to a masterclassThousands of British fans who had descended on Vegas saw their hero take an age to arrive at the ring on a throne, sporting a golden crown. It was the only time Fury moved slowly all night.He hit pads in the ring as Wilder made his ring walk – just as he did 15 months earlier in Los Angeles – and his start was rapid, a flurry of hooks prompting chants of “there’s only one Tyson Fury” from the crowd.Actors Michael J Fox and Jason Statham, as well as Super Bowl winner Patrick Mahomes, watched as Fury raised his hand at the end of the opening three-minute round and things began to feel markedly different to their first meeting.He simply did not take a backward step, forcing Wilder to the ropes and ensuring the champion had no say in the pace of proceedings. And in the third round, those who had paid the kind of ticket prices that made this the highest gate ever in Nevada, rose to their feet at the sight of Wilder floored for only the second time in his career.A right hand behind Wilder’s ear – the same shot with which the American had floored Fury nine rounds into their first fight – did the damage. Wilder then fell again as Fury bulldozed him. At the bell, the pair glared at one another and Wilder knew he was in a place no fighter wants to be. The Britons sitting ringside did not want to be anywhere else.Was the weight Fury had gained making the difference? Was it the new training set-up? Whatever it was worked to perfection. He was putting on a boxing clinic and a right-left combination to the body dropped the stunned Wilder once more in the fifth.Fury was docked a point for punching on the break but he did not seem to care or blink at the punishment, instead continuing to feint and twitch to set shots up before unloading on a man who had started a slight favourite. He led 59-52 59-52 and 58-53 on the cards when the towel came in.Fight week had seen repeated debate over where this meeting ranked in the pecking order of the greatest nights of heavyweight action, but little consensus. What we can say with certainty is that this was a masterclass.last_img read more

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Wednesday October 23rd Local Sports

first_imgCEDAR FALLS — Northern Iowa coach Mark Farley says a demanding early schedule has helped the Panther offense mature. The 12th ranked Panthers hit on several big plays in a 42-27 win over South Dakota.The Panthers will be in search of their first road win this week with a visit to Missouri State.UNI’s three road losses have been at Iowa State, fifth ranked Weber State and top ranked North Dakota State.Missouri State is 1-5 and the Bears are coming off a 22-0 loss at North Dakota State. AMES — Iowa State coach Matt Campbell says the Cyclone offense has grown up during a three game winning streak. The Cyclones are 5-2 and have averaged just over 40 points the last three games heading into a game against Oklahoma State.Sophomore quarterback Brock Purdy leads an offense that has become one of the most prolific in the country.Campbell says he would like to see more consistency out of the kicking game.Kickoff in Ames is scheduled for 2:30 — High school tournament volleyball== 1A Region 5 last nightClarksville 3-2 Newman (25-20, 23-25, 25-23, 12-25, 15-10)North Butler 3-1 Rockford (23-25, 25-7, 25-23, 30-28)St. Ansgar 3-0 Northwood-Kensett (25-11, 25-16, 25-11)North Iowa 3-0 Graettinger-Terril (25-12, 25-15, 25-16)== 2A Region 2 last nightCentral Springs 3-2 West Hancock (25-14, 25-7, 18-25, 20-25, 15-10)== 3A Region 4 tonightHampton-Dumont-CAL at Dike-New HartfordGarner-Hayfield-Ventura at Forest City== 3A Region 5 tonightClear Lake at Crestwood== 4A Region 6 tonightCharles City at Mason Citycenter_img IOWA CITY — A struggling Iowa offense will be without its top receiver in Saturday’s game at Northwestern. Brandon Smith suffered an ankle injury in a win over Purdue and coach Kirk Ferentz says he could be sidelined for up to a month.Smith has 33 receptions, including four touchdowns. He will be replaced by redshirt freshman Tyrone Tracy.Ferentz says Smith’s absence won’t change the Iowa offense.Iowa has converted on all 24 trips to the red zone. Ferentz says the problem is they are settling for too many field goals.The Northwestern offense has struggled in a 1-5 start but Ferentz says the Wildcats remain a solid defensive team.Kickoff in Evanston is scheduled for 11 o’clock on Saturday, with the pre-game starting at 9:00 on AM-1300 KGLOlast_img read more

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UN Women, Liberia Sign US$6.5M to End Violence against Women

first_imgThe Liberian government, through the Ministry of Gender, Children and Social Protection and UN Women, have signed a US$6.5m agreement to prevent gender based violence in the country.The funding is also intended to strengthen the capacity of institutions helping to tackle Sexual Gender Based Violence (SGBV).Gender Minister Julia Duncan Cassell signed on behalf of the government, while the Deputy Country Representative and Officer-in-Charge of the UN Women Liberia, Peterson Magoola, signed for his organization.Minister Cassell said according to GBV statistics there is a relatively slow trend in the fight against this social menace. “From January to August 2016 a total of 931 GBV cases were reported, of which 610 were rapes, compared to January to September 2015 when a total of 1,088 GBV cases were reported nationwide of which 588 were rapes.“Also, between January and December 2014, at the peak of the Ebola epidemic, which was a regional health and developmental crisis, women and children were still violated and a total of 1,392 GBV cases were reported, of which rape accounted for 682. In 2013 a total of 2,159 GBV cases were reported and 1,215 were rapes; 2,495 were reported in 2012, with rape accounting for 1, 501; and 2,383 reported in 2011, with 1,476 rape cases,” she said.UN Women is a global advocate for gender equality working to develop and uphold standards and create an environment in which all women and girls can exercise their human rights and live up to their full potential. The agreement was sealed yesterday at the Gender Ministry during the official launch of the 16 Days of Activism against Gender, which is also known as the International Day for the Elimination of Violence against Women. The funding was provided by the Swedish Government through the Swedish International Development Cooperation Agency (SIDA).Mr. Magoola said the agreement would tackle four key areas with diverse executors.The prevention of gender based violence will be undertaken by UN Women and Gender Ministry, while institution-strengthening will be handled by UNDP and the Ministry of Justice; the communication component is between UNICEF and the Ministry of Information, Culture and Tourism, while coordination is again to be undertaken by UN Women and the Gender Ministry.Minister Cassell emphasized that violence against women, men, girls and boys is a violation of their human rights.She recounted that this year marks the 25th year of the 16 Days of Activism and the 15th commemoration of the 16 Days of Activism against gender violence campaign in Liberia. “I wish to call on all of you to help create a healthy and not abusive environment where everyone can enjoy peace with safe spaces,” the Minister said. “This year’s 16 Days will also focus on the launch of the End Child Marriage campaign as well as ending violence against children through the launch of the 116 Help-line for Children. “We have come again to ask our media colleagues, our guests and the listening public to help us strengthen this campaign with the communities, the churches, the mosques, the schools, the traditional leaders and stakeholders to end gender based violence and prevent another woman, another man, another girl, another boy and another child from being abused, from being raped, from being sodomized and from being deprived to live as the result of sexual gender based violence.”The Minister added that “this year’s celebration is being observed under the national theme, ‘From Peace in the Home to Peace in the World; Stop Domestic Violence, End Child Marriage while Educating All.’” The free hotline to enable children to report violence through any GSM company is 116, which has been temporarily installed at the Gender Ministry, but will be officially transferred and installed at the headquarters of the Liberia National Police.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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Grabow loves to stay in motion

first_imgLONG BEACH – It was three days before the biggest race of his life and Jimmy Grabow was jumpy. Oh, was he ever. “I’m trying to read or hang out with people,” he added, “but I’m like a volcano ready to erupt.” If you’re a distance runner, competitively or just as a method to burn calories and keep the cardiovascular system chugging along, you might be able to understand what he was enduring as he prepared to compete in the 5,000 meters during the NCAA Indoor Track and Field Championships in Fayetteville, Ark., this weekend. If not, you haven’t a clue. The 5-foot-7, 115-pound Grabow, a 4.0 student who picked up his bachelor’s degree in history last spring and is now taking post-graduate courses in counseling and student development, has been “tapering” this week to prepare for his race at the University of Arkansas today. And that means trimming his usual 125 miles per week of running. “Yesterday I ran 13 miles and today only seven,” he said, sighing. “Coach (Matt Roe) knows I hate not working out. So I’m giving in to him on this.” Grabow, who transferred to Long Beach State from San Bernardino Valley College 2 1/2 years ago, broke his own school record by running a 13:44.0 in Seattle on Feb. 10. He arrived on campus the same time that Roe did after being hired by the track and field program’s head coach, Andy Sythe. Tonight he will take the sixth fastest time in America into the field of 16 that also includes a handful of elite foreign competitors, Roe said. Needless to say, Grabow will take a lot of pent-up energy onto the track with him. “The field will be loaded but Jimmy is going to be ready to battle,” Roe said. He concedes that getting Roe to strategically ease off in his training regiment is akin to a jockey pulling back hard on the reins of a thoroughbred. “We’ve been trying to get him to rest because he’s done all the work he needs to get ready for the race,” Roe said of the first Long Beach distance runner to compete in the championships since 1990. “But it’s difficult because it’s taking away something he craves.” Grabow craves pounding a running track or trail, or pavement, the way most of us crave fries with our cheeseburgers. “And it’s funny,” he said, “because I used to hate running.” But that’s before a buddy convinced him to go out for the cross country team as a freshman at Rim of the World High in Lake Arrowhead. “I thought `Sure, why not? I can run three miles,”‘ he said, laughing. After the first couple of workouts, though, he had a question for his pal. “It was a rude awakening,” he said. “It was, like `Dude, tell me why we’re doing this?”‘ His high school coach, Glenn Mitchell, apparently had an eye for distance running talent, even if it came in the body of a scrawny ninth grader. “Coach Mitchell asked me to stick it out,” Grabow explained. “I told him, `Just give me three reasons to come back.”‘ And? “I don’t remember what he said,” Grabow said, laughing again. “But if not for him, I sure wouldn’t be here.” Grabow, who also holds the school record in the indoor 3,000 meters (7:59.40) and was second in the 5,000 during the Big West Conference outdoor championships last spring, wasn’t recruited by any NCAA Division I program before enrolling at San Bernardino Valley. And he was lightly recruited before signing with Long Beach. “You know, what I’m doing now wasn’t even fathomable two years ago,” he said. “I had very humble beginnings as a runner. Even now, I don’t think about winning titles. I see it as a process of `How much can I improve?’ I see it a race of me vs. me.” And you know who wins that one every time. 49er notes: Also competing for Long Beach is triple jumper Ronald Carter, who was an All-American selection last spring after finishing seventh (51-4 1/2) in the outdoor championships in Sacramento. He has the third best mark in the country – 52-7 1/4 – during the indoor season. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!center_img “I’m like an egg waiting to hatch,” the Long Beach State graduate student said earlier this week. And then he polished off the 1-2 metaphorical combination. last_img
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