Managers call on peers to take lead on responsible investing

first_imgA group of investment and pension fund managers have called upon investment firms to up their game when it comes to responsible investment if they are to maximise opportunities and improve long-term returns.The report – The Value of Responsible Investment – says that with better reporting, research and a stronger tie between ESG and fiduciary duties, investment managers should take the lead when it comes to influencing the economy, environment and society.It was backed by 11 investment managers with assets under management totaling $5trn (€3.6trn), making up the the Investment Leaders Group (ILG) of the University of Cambridge Institute for Sustainability Leadership.The report says that responsible investment should be at the heart of fund strategies and processes. It also called for better research on the risks generated by environmental ‘megatrends’ and the drag on economic performance. In addition, the report calls for standardised reporting for environmental and social impacts, as well more use of long-term mandates and a better alignment of ESG and fiduciary duties.“While short-term investment strategies can play an important part in an asset owner’s portfolio, providing diversification and liquidity, they can also lead to asset mispricing, bubbles and consequent price crashes, undermining long-term economic development and investment,” the report says.Philippe Zaouati, CEO at Mirova, and chair of the ILG, added: “In spite of a widespread rhetorical commitment to responsible investment principles, market dynamics remain pre-occupied by the short-term, and the majority of investment does little to answer the challenges of our time.”The ILG said investment firms should also scale up capital allocation to the technologies, infrastructure and business models of a future low carbon, green economy. This would depend upon solid investment principles and clear enabling actions from policy makers.Jake Reynolds, director of business platforms at CISL, said: “In a world that neglects to account for social and environmental costs on corporate balance sheets, costs we know can ultimately impact value, responsible investment can be seen not only as a smart investment strategy but as an essential response to growing sources of systemic risk.”A report by Standard & Poor’s (S&P) recently also found that companies should do more to assess their climate event risks.With extreme storms, flooding, heat waves and cold snaps, companies are under pressure to identify, quantify and disclose material risk related to such events.Investors are starting to see the impact of carbon pricing on corporate profitability, but less attention is being paid to the effects of climate events on a company’s business and financial risk profile, S&P argued.This ties in with the findings of the ILG report, pushing for companies and investors to take a closer look at responsible investment.The ILG currently comprises 11 investment institutions: Allianz Global Investors, Aviva Global Investors, First State Investors, Loomis Sayles, Mirova (Natixis Asset Management), Nordea Life & Pensions, PensionDanmark, Pimco, Standard Life Investments, TIAA-CREF Asset Management and Zurich Insurance Group.last_img read more

Cairns city homes ideal for Airbnb investors

first_imgAir BnB hosts Lucia Ormonde and her husband James Peddell at their Edmonton home.Airbnb is becoming more popular in Cairns. They have made many friends as Airbnb hosts over the past two years. PICTURE: JUSTIN BRIERTYINVESTORS focusing on the Cairns market are increasingly seeking out properties perfect for listing on homeshare site Airbnb, according to a Cairns real estate agent.LJ Hooker Cairns South’s Cheyenne Morrison said barely two years ago there was only a handful of properties available for rent in Cairns on Airbnb, but that number has exploded to thousands.“I have experienced increasing amounts of property investors looking to buy houses suitable to rent on the platform,” Mr Morrison said. “My research, and market conditions in capital cities lead me to believe that a property that is purpose-built for Airbnb will gain much more capital appreciation in the coming years than an ordinary property.“The most sought-after type of property is a home with a separate living quarters that can be rented on Airbnb. “In the inner-city suburbs of Parramatta Park and Cairns North this is usually a Queenslander home that has been raised to legal height, with a self-contained living area downstairs.”More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoBeing close to the airport, CBD and the entertaining Esplanade precinct, Cairns North has topped the list of popular suburbs listed on Airbnb. According to the latest data from AirDNA, there are 268 properties in Cairns North for rent on Airbnb. The average daily rate is $127, average occupancy is 73 per cent, and average monthly earnings are $2175.Mr Morrison said 360 McLeod St, Cairns North, for sale for $650,000, had been achieving more than 80 per cent occupancy on Airbnb for the past two years.Running a property as an Airbnb rental offers a higher return, but this also comes at a cost. Just like a hotel, guests expect all the amenities, a comfortable bed with clean linen, a well laid-out kitchen with cooking implements, crockery and cutlery and appliances.Owners, too, often need to meet guests at odd hours, change linen and clean their property regularly.last_img read more

Presenting Offshore WIND Conference speaker Michel Kurstjens

first_img“Shaping Tomorrow. Performing Today”, comments Michel Kurstjens, CCO of Sif Group and speaker during Offshore WIND Conference.Kurstjens will be discussing the road ahead for offshore wind and how the industry can prepare for the long-term. Which necessary steps need to be taken to ensure future demand? Hear more during the event held on 9 and 10 October 2017 as part of Offshore Energy Exhibition & Conference.To secure your seat head to 8th annual Offshore WIND Conference (OWC) on 9 and 10 October 2017, part of the Offshore Energy Exhibition & Conference (OEEC), will focus on the opportunities for the offshore wind sector over the next ten years and beyond.OEEC is one of Europe’s leading offshore energy events. It is unique in bringing together the oil & gas, offshore wind and marine energy industry. With the industry in transition, OEEC offers offshore energy professionals the ideal meeting place to network, discuss and learn about the future of energy. OEEC 2017 will be held at Amsterdam RAI on October 9, 10, 11, 2017.last_img read more

27 dead in Congo plane crash

first_imgCONGO – At least 27 people were killedafter a passenger plane crashed into houses in the city of Goma in easternDemocratic Republic of Congo, local officials said. The victims included nine people fromthe same family who were in one of the houses hit in the Mapendo area.   Civilians gather at the site where a plane operated by a local company crashed into a densely populated neighborhood in Goma, eastern Democratic Republic of Congo on Nov. 24. REUTERS/FISTON MAHAMBA The small Dornier-228 twin-turbopropaircraft – owned by private carrier Busy Bee – went down shortly after takingoff from the city’s airport on Sunday morning. The cause of the crash is stillunclear.center_img The plane was carrying 17 passengersand two crew members, officials said. Air accidents are relatively frequentin Congo amid lax safety standards and poor maintenance, and all the country’scommercial carriers are banned from operating in the European Union.(BBC)last_img read more

Iwobi, others launch Everton new away kit

first_imgNigeria’s Alex Iwobi was paraded as one of Everton models when the club launched a new away kit for next season, the second strip designed by new technical partner hummel, a call back to the classic amber and blue of the late 1960s and early 1970s. Promoted ContentBest Car Manufacturers In The WorldWho Is The Most Powerful Woman On Earth?7 Ways To Understand Your Girlfriend BetterBest & Worst Celebrity Endorsed Games Ever Made9 Facts You Should Know Before Getting A Tattoo5 Of The World’s Most Unique Theme ParksTop Tastiest Foods From All Over The World5 Of The World’s Most Unique Theme Parks6 Interesting Ways To Make Money With A Drone11 Most Immersive Game To Play On Your Table Top10 Risky Jobs Some Women DoA Hurricane Can Be As Powerful As 10 Atomic Bombs Loading… In a tribute to the Everton teams of the early 1970s, the back-of-neck of the new away shirt features a retro EFC scroll detail. The blue shorts feature the hummel chevrons in amber contrast on the outer leg and the kit is completed with dark amber socks with blue chevrons on the front.  Both the shirt and shorts are finished with tonal badge detail. read also:Iwobi, Everton teammates land £10m-per-year shirt sponsorship deal with Cazoo The 2020/21 away Goalkeeper’s kit continues the home kit’s theme of bright and bold colours. The striking pink and black strip features the same soundwave graphic as the home kit. The Goalkeeper’s jersey, which has seen design collaboration with the Club’s keepers, is again only available in short sleeves. The new hummel away kit is available to order via from 8 am on Friday 7 August or to buy in-store at Everton One and Everton Two from 10 am on Friday 7 August. Supporters can also purchase a selection of items from hummel’s new black and grey Everton 2020/21 away training range. FacebookTwitterWhatsAppEmail分享 This year marks the 50th anniversary of Everton’s seventh league championship, which saw players wearing the much-loved amber away strip as Harry Catterick’s side claimed the 1969/70 title with two games to spare. A few months before sealing the title, World Cup winner Alan Ball first showcased his distinctive white hummel boots at a home game with Coventry City. The new away shirt features hummel’s iconic chevrons in blue across the shoulders and sleeves, and blue piping on the sleeves. It also has a contrasting neckline in blue, creating a clean and minimalist look that complements the style of the popular 2020/21 home strip — which last month became Everton’s fastest ever selling home kit.last_img read more

Bale will stay for Champions League

first_imgAndre Villas-Boas has been assured by Tottenham that Gareth Bale will remain at White Hart Lane next year if the club qualify for the Champions League. Press Association He added: “The club is committed to keeping the best assets. That’s the only way that we can ensure that we are in the top four every year. Gareth is part of that project bearing in mind that he has been amazing this season. Hopefully we can develop him to a greater extent.” Whether Tottenham do make the top four is still largely in the balance. They will move up from fifth to third if they beat Wigan on Saturday, but their traditionally poor showing towards the end of the season, coupled with the fact that they still have to play Chelsea away, means there is still a good chance that the club will have to settle for fifth. What is certain is that there is no bigger fan of Bale within the Tottenham set-up than Villas-Boas. The Portuguese, so careful not to single his players out for individual praise at Chelsea, never passes on an opportunity to hail Bale. The loving embrace the two shared after Bale’s superb last-minute winner against West Ham earlier this season also gives hope to supporters that the manager’s bond with the player could be key to boosting the chances of him remaining at the club. “We get a buzz from working with great players and Gareth has developed into a great player so I couldn’t be happier,” the 35-year-old said. “Gareth has had a major development this year. He has played in so many positions and has had such a big impact in those positions. We are happy that he has been nominated but we would be even happier if he was to win.” center_img Bale’s trophy cabinet looks to swell in the coming weeks after another season of success for the 23-year-old. The Welshman is odds-on favourite to land the PFA Player of the Year award, and there is a chance that he could also scoop the gong awarded to the best young player of the season. Bale’s 28 goals for club and country have seen him linked to some of Europe’s biggest clubs, most notably Real Madrid, who have watched the Welshman on several occasions. But asked whether Bale would stay if his team qualify for the Champions League, the Tottenham manager said: “I think so, that’s the information that I have from the club.” last_img read more

WBB : Syracuse hopes to get better guard play in final home game Saturday

first_img Published on February 24, 2011 at 12:00 pm Contact Michael: | @Michael_Cohen13 Rick Moody called it an anomaly. The 2-for-19 shooting performance by Syracuse’s three starting guards against Cincinnati was simply abysmal.‘Sometimes those things just happen,’ Moody, an SU assistant coach, said. ‘It’s an anomaly. Our three guards just had a tough time shooting the basketball.’But despite the horrific numbers from its perimeter players, Syracuse defeated the Bearcats on the road. As has become the trend, the Orange offense was dragged along by its interior players.Tuesday’s 55-53 escape from Fifth Third Arena was the fourth straight conference win for Syracuse (20-7, 8-6 Big East). It was also the fourth straight rocky performance by SU’s trio of guards. The Orange takes on Providence (12-14, 5-9) Saturday in SUs home game of the season. A win will guarantee SU finishes the regular season above .500 in conference play, but in order to ensure success going forward the guard group consisting of Tasha Harris, Erica Morrow and Elashier Hall needs to put together a complete game.The recent slump by Syracuse’s guards provides Providence with a simple defensive game plan, Moody said. With the shooters playing as poorly as they have recently — especially in their nine-point collective effort against the Bearcats — there is no reason for the Friars not to pack the paint defensively.AdvertisementThis is placeholder text‘I’m sure Providence has seen that game, and they’re going to try to force us to shoot the ball on the perimeter,’ Moody said. ‘They would almost be foolish not to, based on the numbers of the last few games that we’ve won.’In SU’s last four games all Orange victories Morrow is the only one of the three guards to score more than 10 points. She scored 17 points against Louisville on Feb. 16. Hall hit 10 points once, and Harris hasn’t gone over eight.As a result, opposing teams can compact their defense. That gives Syracuse interior players like Kayla Alexander and Iasia Hemingway less room to maneuver. True enough, the Orange hasn’t stumbled in its past four games. But eventually, that luck could run out.Morrow says it’s time for her and her fellow guards to alleviate some of the pressure that the interior players face to score night in and night out.‘We were getting opportunities, and as guards we weren’t knocking our shots down,’ Morrow said. ‘It’s our job to take that pressure off the bigs. We were constantly feeding the ball inside, and they kicked the ball back out to us because the team was sagging down on them.’A logjam inside the 3-point line limits Syracuse’s ability to play a two-man game with Hemingway and Alexander. All season long, Syracuse’s main offense runs through Hemingway catching the ball at the free-throw line. From there, she looks to either drive to the hoop or dump the ball down low to Alexander.But if a defense has no need to respect the SU shooters, then it has no need to extend. Like Cincinnati, the Friars will likely pack their defense in as much as possible until Morrow and Co. prove they can make shots.So while Moody says the primary role of the guards is to get the ball inside, that doesn’t mean the team can survive without any production from the perimeter. The guards need to make shots going forward against the Friars and into the Big East tournament in order to keep opposing defenses honest.‘If we can make a couple shots and get the defense spread out a little bit, I think it will help us to get the number of points we need to win the game,’ he said.And against a Providence team that only averages 57 points per game this season, Moody may have selected the right words when he said ‘a couple.’ The coaching staff isn’t expecting double-figure games from all of them every night. It just isn’t expecting another 2-for-19 performance either.‘We tried to put up shots that normally went in, but they just weren’t going in,’ Hall said of the game at Cincinnati.Though that might be true, it can’t continue to be the trend. After Providence comes a date with No. 1 Connecticut. And against the likes of Maya Moore, Tiffany Hayes and Bria Hartley, 10.5 percent shooting doesn’t cut it.‘Iasia and Kayla have been playing very well together in the two-man game,’ Morrow said. ‘I think right now they’re the center of our offense. … So if us guards can make a few shots to help them out a little bit, it will definitely open up a lot.’ Commentscenter_img Facebook Twitter Google+last_img read more

Injury blow for Ulster

first_imgThe out half is still showing symptoms of concussion.In a further blow Michael Allen suffered a dislocated shoulder playing for the Ulster Ravens against Connacht Eagles last week and he’s been ruled out for six to eight weeks.Ricky Lutton, Peter Nelson and Dave Ryan have all recovered from injury and will be available for selection this weekend.last_img

Tropical Storm Arthur Forms Off South Florida’s Coast

first_imgTropical Storm Arthur via Two weeks before the official start of the hurricane season on June 1, Tropical Storm Arthur has become the first storm of the year. With the start of what could be an active hurricane season just weeks away, the state of Florida is preparing how to respond to any future storms while taking the coronavirus pandemic into account. Gov. Ron DeSantis said at a press conference this month that COVID-19 will be around in some form during hurricane season, and the state needs to rethink how to provide shelter for thousands who may need to evacuate if any storms threaten the state. The storm formed off the coast of South Florida over the weekend, ushering in heavy rains and a thunderstorm warning for Miami-Dade and Broward County. “This virus really thrives and transmits when you have close sustained contact with people inside an enclosed environment,” DeSantis said at a news conference in Sarasota. “As you’re looking at sheltering for a hurricane, you have to keep that in mind. If you pile people into a place, under normal circumstances that may be fine, but that would potentially allow the virus to really spread if somebody is, in fact, infected.” According to the U.S National Hurricane Center, the storm is expected to strengthen as it moves northeast towards North Carolina on Monday. “We’re going to do more non-congregate sheltering instead of mass congregate sheltering,” he said. Florida emergency management Director Jared Moskowitz said the state is working with the Federal Emergency Management Agency (FEMA) on changes for 2020 that may include shelters that only accept people infected with the virus or orders for people to shelter in place depending on the strength of the building and the power of the storm.last_img read more

Zimbabwe expelled from 2018 World Cup

first_imgZimbabwe have been expelled from 2018 World Cup qualifying for failing to pay coach Jose Claudinei Georgini.Football’s world governing body Fifa said in a statement  it had taken the action “as a result of the non-payment of an outstanding debt”.Fifa added that Zimbabwe’s Football Association (Zifa) failed to make the payments despite a grace period.It ends Zimbabwe’s chances of reaching the finals in Russia before the Warriors have even kicked a ball.Brazilian former national coach Georgini has been owed money since 2008 and Zifa was first ordered by Fifa in 2012 to pay the money.Zifa is in dire financial trouble, with debts of over US$4m, and was recently forced ti auction assets from its Fifa-financed training centre to settle a legal dispute with a former employee.last_img read more