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UK pension funds launch climate change ‘toolkit’

first_imgFTSE Russell is the data partner.The initiative aims to drive better public reporting by companies on climate change to help close a “data gap” that asset owners say impedes their ability to assess their exposure to risks and opportunities stemming from climate change and the fight against it. The tool also aims to be useful to asset owners’ engagement, both with companies and asset managers.A particular concern was for the tool to be designed to be useful to asset owners with relatively few resources or little expertise on climate change.Simon Dietz, co-director at the Grantham Research Institute on Climate Change and the Environment, said the toolkit was designed with ease of use and transparency “very much in mind”.Another important consideration in the development of the framework was for it to link to or build on existing initiatives or disclosure frameworks, such as that of the CDP and the framework proposed by the Financial Stability Board’s Task Force on Climate-related Financial Disclosures.At a launch event today, pension investors gave an indication of the tool’s use to them.Nadine Viel Lamare, head of sustainable value creation at Sweden’s AP1, said the AP funds wanted to invest in companies that were “fit for the future”, but that it was difficult to make well-informed decisions at the moment given a lack of information, or information being difficult to access.“In terms of carbon management, this tool will help us identify the companies that are ready, or maybe not future-proof but at least working in the right direction,” she said.“The tool fills an important information gap. We will predominantly use it for our investment decisions, but, of course, the tool is very handy for when we want to engage with the companies.”Liz Fernando, head of equities at the UK’s Universities Superannuation Scheme, made similar points, saying the TPI would give the scheme a tool “to assess management’s seriousness” on dealing with climate change and a way of measuring and monitoring management’s follow-through on their statements.“It will give us a better set of information on which to make decisions, and we think by having better information we will ultimately make better investment decisions and generate better investment returns,” she said. The initiative is initially focusing on companies in sectors that have the most impact on climate change and are the most exposed to the low-carbon transition, such as oil and gas, mining and electricity generation.The first set of data was released this month, representing the “Management Quality” assessments for 40 large companies in the oil and gas sector and the electricity utilities sector. Further assessments are due to be released in 2017.The TPI tool can be found here. An initiative of the investment bodies of the Church of England and the Environment Agency Pension Fund has launched an online tool designed to help asset owners better understand and address their exposure to risks and opportunities stemming from climate change.Launched today, the Transition Pathway Initiative (TPI) is also backed by Swedish AP funds, Denmark’s PKA and other asset owners and asset managers, with more than £2trn (€2.3trn) in assets under management.The core of the TPI is a publicly available online “toolkit” that relays how companies have been assessed with respect to the quality of their management of the greenhouse gas emissions associated with their business, and how companies’ planned or expected future “carbon performance” compares with maximum warming trajectories set out in the Paris Agreement on climate change.The Grantham Research Institute on Climate Change and the Environment, part of the London School of Economics, is the academic partner, developing the assessment framework and hosting the tool on its website.last_img read more

French World Cup star makes managerial debut in charity match

first_img The France international included his brothers Mathias and Florentin in his All-Stars XI, with the pair having both previously represented Guinea on the international stage.Pogba cut an animated figure on the touchline, with the game part of a series of fundraising events for the ’48 hours for Guinea campaign’. Read Also:EPL: Martial, Rashford net as Man United beat Burnley to claim fifth spot So far this season an ankle injury has restricted Pogba to just eight appearances.Ole Gunnar Solskjaer left the 26-year-old out of the squad against Burnley as a precaution but Pogba could be involved in some capacity when United face Arsenal away on Wednesday. United go into that game in fifth place in the Premier League, having won their last two games in a row. FacebookTwitterWhatsAppEmail分享 Manchester United star Paul Pogba attended a charity game in France less than 24 hours after he missed the Red Devils’ final game of 2019. Pogba was again absent as United beat Burnley 2-0 on Saturday to end 2019 with three points. The midfielder was.. https://t.co/18EZm88eMv— Full Time (@fulltimewh) December 30, 2019 Advertisement Loading… center_img Manchester United midfielder Paul Pogba tried his luck as a manager during a charity match in France. Pogba wasn’t involved in United’s 2-0 win against Burnley on Saturday. He used his time off to coach a Pogba All-Stars team against a Guinea XI, with the game being held at Tours FC, as reported by The Mirror. Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemWho Earns More Than Ronaldo?7 Truly Incredible Facts About Black Holes7 Black Hole Facts That Will Change Your View Of The Universe5 Of The World’s Most Unique Theme ParksTop 10 TV Friends Who Used To Be Enemies6 Interesting Ways To Make Money With A DroneThe Biggest Cities In The World So Far6 Ridiculous Health Myths That Are Actually TrueThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreCouples Who Celebrated Their Union In A Unique, Unforgettable WayPlaying Games For Hours Can Do This To Your Bodylast_img read more

Di Maria will not quit Old Trafford

first_imgAngel Di Maria insists he does not want to leave Manchester United but admits he is at a loss as to why he has fallen out of favour at Old Trafford. The Argentinian joined the Red Devils for a British-record £59.7million in the summer but, after a promising start to his career in England, injury and a loss of form saw him finish the season on the bench. That has prompted some talk of a move away, with reports in Spain suggesting Barcelona are set to make an audacious move for the forward who only left arch-rivals Real Madrid 10 months ago. But Di Maria, currently at the Copa America with Argentina, has stressed he will stay and fight for his place, despite revealing he is in an “uncomfortable” position. “I started well with goals and assists,” he told Argentinian newspaper Ole. “I was having a good time, until I was outside (of the first team). “It’s a little hard to explain why I do not play.” Asked if he was uncomfortable, he added: “‘Yes, for me and my family. Because not everything goes as I want, because I don’t play. “I came with an intention and ended up on the bench. It’s hard to say how I feel there. “No (I will not leave) because I’m not thinking like that. “In Madrid there were times when I was whistled around the stadium but I faced it and then it turned around. I like to deal with things. “I’ve demonstrated what I do for several years.” center_img Press Associationlast_img read more

Stomp the yard

first_imgMembers of the Zeta Phi Beta sorority participate in the USC National Panhellenic Council Stroll Off in McCarthy Quad on Thursday night. Five fraternities and sororities of NPHC participated in the step competition.View the rest of our “Week in Review” photos on our new Flickr photo stream and don’t forget to check back every week for new additions!Jennifer Schultz | Daily Trojanlast_img

Jason Derulo performs at Conquest

first_imgFollow us on Twitter @dailytrojan On Monday, USC students celebrated the 10th annual Conquest in McCarthy Quad. The tradition highlighted Trojan spirit and athletics as USC prepares to play crosstown rival UCLA on Saturday. The event, which featured a carnival and concert headlined by platinum-selling artist Jason Derulo, was hosted by the USC Concerts Committee in conjunction with Undergraduate Student Government and the Office of Campus Activities. The event was open to all students free of charge.‘Don’t Wanna Go Home’ · Featured artist Jason Derulo performs in front of students during Conquest on Monday night at McCarthy Quad. – Benjamin Dunn | El RodeoHeather McDonald, a comedienne and USC alumna, co-hosted the event along with fellow comedian and actor Steve Rannazzisi. They led the crowd in introducing USC athletic teams, along with announcements of events during the night. At one point during the night, the event experienced technical difficulties in the traditional burning of a Bruin bear effigy. After a few minutes, however, the crowd began a new countdown and the wooden bear exploded into fireworks and a bonfire in front of Doheny Memorial Library. A fireworks display, featuring USC-colored cardinal and gold fireworks, lit up the sky for several minutes.“That bear is burning and these girls are burning a lot of calories,” McDonald joked. “There’s like 25 teams here.”The Trojan Marching Band also performed alongside the Song Girls and Spirit Leaders. Along with celebrating the 10th year of Conquest, this year also marks 125 years of Trojan athletics and 45 years since the introduction of the Song Girls into USC events.Planning for the event proved to be more complicated than usual since the UCLA rivalry game falls on the Saturday after Thanksgiving. Concerts Committee, however, was able to work around the event this year by changing the concert from Thursday, when it is usually hosted, to Monday. Concerts Committee also faced a tough decision in picking a performer.“It is impossible to pick an artist that makes everybody happy but the committee considers the variety of tastes among the student body. Any USC student is welcome to attend our meetings [on Monday nights] and offer input and suggestions for who to bring to perform at USC,” said Alison Wotton, the co-assistant director of Program Board Concerts.Some students felt that Jason Derulo was not the most appropriate choice given that many of his most popular songs are from several years ago.“USC is amazing in that we have a concert Monday night. But we could have had somebody more relevant,” said Natalie Li, a freshman majoring in biology. She added, however, that “Whatcha Say” was her favorite Jason Derulo song. “I’m glad he played that one,” she said.Many students enjoyed other aspects of the event besides the concert. “I’m enjoying the spirit and the food. And Jason of course,” said Elli Wang, a freshman majoring in environmental studies.The food trucks proved to be a particularly popular aspect of the event.“I’m happy they have food trucks here and I’m happy about the Jason Derulo concert. My friends have been talking a lot about it,” said Megan Joseph, a freshman majoring in computer engineering and computer science.The concert opened with DJ Papo, billed as the official DJ for Jason Derulo. He played remixes as the crowd waited for Derulo, who came on stage and opened his set with “In My Head.” He played a variety of his songs throughout his time onstage, including crowd favorites “Whatcha Say” and “Marry Me.”Students said they enjoyed the music more as the night went on.“I think he’s a smooth dancer,”   said Linyan Tian, a freshman majoring in philosophy, politics and law. “He’s super charismatic and he’s just as good in person as he is in the studio.”last_img read more

Joe Kelly’s suspension reduced to 5 games on appeal

first_img SUBSCRIBE TO US Associated Press Television News LIVE TV  Los Angeles Dodgers reliever Joe Kelly had his suspension for throwing pitches near the heads of Houston hitters reduced to five games on appeal.Kelly was originally penalized eight games by Major League Baseball on July 29, a day after throwing a 96 mph fastball near the head of Houston’s Alex Bregman and two curveballs that brushed back Carlos Correa.The Dodgers on Wednesday confirmed the reduced penalty that was first reported by Barstool Sports.Kelly went on the 10-day injured list retroactive to last Sunday with right shoulder inflammation. He will serve his suspension when he returns.After striking out Corea, Kelly curled his lip into a pouting expression and exchanged words with the shortstop.Benches cleared after Kelly’s actions during the sixth inning of Los Angeles’ 5-2 win at Houston in the teams’ first meeting since it was revealed the Astros stole signs en route to a 2017 World Series title over the Dodgers.Dodgers manager Dave Roberts served his one-game suspension the same day the penalty was handed down. Astros manager Dusty Baker was fined an undisclosed amount.Kelly denied that he purposely threw at the Astros. He has previously been suspended in his career for throwing at a batter.The penalties were imposed by former pitcher Chris Young, MLB’s senior vice president of baseball operations, who issued his first ruling since taking over the job from Joe Torre. First Published: 13th August, 2020 11:37 IST COMMENTcenter_img WATCH US LIVE FOLLOW US Written By Last Updated: 13th August, 2020 11:37 IST Joe Kelly’s Suspension Reduced To 5 Games On Appeal  Los Angeles Dodgers reliever Joe Kelly had his suspension for throwing pitches near the heads of Houston hitters reduced to five games on appeal.last_img read more

Ruthless Borussia Dortmund ease past Schalke 04 as German Bundesliga return

first_img Ivory Coast FA elections: Asamoah Gyan backs Didier Drogba RelatedPosts Tags: BundesligaErling HaalandRaphael GuerreiroThorgan Hazard While almost everything felt different on football’s return today, some things never change: Erling Haaland still scored as Borussia Dortmund beat Schalke 4-0 in an empty Signal Iduna Park.Borussia Dortmund picked up where they left off nine weeks ago by battering their rivals Schalke 4-0 as the Bundesliga returned, but not as we know it. ‘I’m happy at Crystal Palace’ – Jordan Ayew says amid transfer speculation ‘We want to play in big competitions’ – Jordan Ayew targets European spot with Crystal Palacecenter_img Those on the sidelines wore masks as players engaged in full contact Source: Talk Sports Dortmund showed no signs of rustWith substitutes wearing masks and not a single fan inside the ground, Haaland’s opening goal in the 29th minute restored a sense of normality.The Norway teenager continued his remarkable goalscoring record by netting his tenth Bundesliga goal in just nine games since arriving in January.✅ Bundesliga debut✅ DFB-Pokal debut✅ Champions League debut✅ Revierderby debutOf course, it had to be Haaland to open today’s scoring! 🙌#BundesligaIsBack pic.twitter.com/YggrkvjEvo— BT Sport (@btsport) May 16, 2020His celebration – a nod to social distancing – summed up the occasion quite well.Dortmund showed no signs of rust, extending their lead on the stroke of half-time through a fine goal from Raphael Guerreiro before Thorgan Hazard made it three shortly after the break.Guerreiro added another in the 63rd minute as Dortmund closed the gap to leaders Bayern Munich, while fellow high-fliers Leipzig dropped points in their 1-1 draw at home to Freiburg.The hosts didn’t even require Jadon Sancho’s services, with the England international coming off the bench late on. German football’s return to action appeared to run – like everything in Germany – fairly efficiently.Bundesliga resultsHoffenheim 0-3 Hertha BerlinAugsburg 1-2 WolfsburgDortmund 4-0 Schalke 04Fortuna Dusseldorf 0-0 SC PaderbornRB Leipzig 1-1 SC FreiburgFrankfurt vs Monchengladbach (16:30 kick-off)last_img read more

These 10 people will dictate the course of baseball’s offseason

first_imgThe baseball offseason has begun. So has a practice that’s become a rite of autumn: MLB owners tempering their fans’ expectations through the media.Just this week, reports out of Chicago and St. Louis suggested the Cubs and Cardinals won’t use the coming months to out-bid each other for star free agents Anthony Rendon or Gerrit Cole. By now, such headlines barely register as news. Baseball rivalries aren’t often measured in raw dollars and cents.The Padres and Phillies emerged as the winter’s big spenders each of the last two years. Last time, it was Manny Machado and Bryce Harper, respectively. The year before, San Diego signed Eric Hosmer for $144 million, while Philadelphia shelled out almost as much ($135 million combined) to Jake Arrieta and Carlos Santana. Meanwhile, the Dodgers and Yankees – baseball’s preeminent free agent freewheelers most of this century – supplemented their homegrown cores with second-tier free agents.Now, free agents are seldom baseball’s most intriguing figures in the months between the World Series and spring training. We need to expand our scope. With that in mind, here are 10 people who will chart the course of the offseason, for richer and for poorer. 9 and 10. Rob Manfred and Tony ClarkFor much of last winter, the health of the free-agent market was a frequent topic of discussion for the commissioner and the head of the MLB Players’ Association. It will be again, though Manfred will have more on his plate this time around.The league is investigating the death of Angels pitcher Tyler Skaggs. It has commissioned a new study into the composition of the baseballs, which contributed to a record number of home runs in 2019. Umpires will have plenty to say to the commissioner about the encroachment of technology on their job description, and pace of play will likely grind Manfred’s gears after the average time of game reached 3 hours and 10 minutes, a record.Stay tuned. The offseason will feel much longer. Angels offense breaks out to split doubleheader with Astros Dodgers’ Will Smith: ‘I feel like it’s been five years’ since his 2019 debut Newsroom GuidelinesNews TipsContact UsReport an Error Jose Suarez’s rocky start sinks Angels in loss to Astros center_img Harvard-Westlake alum Lucas Giolito throws no-hitter for White Sox Angels’ Shohei Ohtani spending downtime working in outfield Would the Dodgers be willing to part with a young, high-end pitcher or catcher for one year of Betts? Could a team on the fringes of contention, such as the Diamondbacks or Indians, find a way to tempt the Sox with prospects? Only a handful of players can mushroom a team’s fortunes like Betts. Chaim Bloom, Boston’s recently-appointed GM, will face pressure to receive a large haul in return.3. Arte MorenoRare is the owner in 2019 who publicly states his payroll will go up. There are many ways the Angels’ owner can add to his roster, and perhaps it’s too soon to rule out Betts after the Angels declined right fielder Kole Calhoun’s option for the 2020 season earlier in the week.More likely, however, the Angels will use the bulk of their resources to sign a starting pitcher or two. That means Cole or Strasburg, ideally. If not, the second tier of free-agent starters is robust. Ryu, Keuchel, Madison Bumgarner, Zack Wheeler, Rich Hill, and Cole Hamels all represent upgrades for a team that couldn’t coax 100 innings from any of its full-time starters in 2019. Former Dodgers catcher Yasmani Grandal would help any team, including the Angels.4. Joe WestThe head of the MLB Umpires’ Association is about to face a challenge unlike any levied by a manager: the electronically defined strike zone. It’s coming to minor league baseball in 2020, according to Commissioner Rob Manfred, leaving MLB as the last bastion for human error when it comes to balls and strikes.The technology debuted in the Atlantic League and the Arizona Fall League this year. The adjustment process for pitchers and catchers wasn’t always smooth. The bigger adjustment will be for MLB’s unionized umpires, who have vociferously resisted calls for an electronic strike zone in the past. For now, the burden of proof lies with the “Hawk-Eye” camera technology (which will replace the Statcast system in 2020) to prove it’s more accurate and reliable than a human umpire.5. Harold BainesWhen the latest veteran’s committee considers a group of 10 men for induction Dec. 8, it must adjust to a new precedent. Harold Baines fell short of 3,000 hits and 400 home runs. He spent most of his career as a designated hitter. He led his league in a major category once in 22 seasons. As of July, he’s a Hall of Famer.Now, the statistical bar for induction is lower than it’s ever been. Some BBWAA voters believe this can only improve the chances of Don Mattingly, Steve Garvey, Tommy John and others on this year’s ballot.6. Travis WilliamsOnly one team still needs to hire a manager and a head of baseball operations this winter. The man with all the hiring power is Pittsburgh Pirates president Travis Williams, who’s been on the job less than two weeks and spent the previous 12 years as a National Hockey League executive.The Pirates are at a similar juncture to the Astros and Cubs 10 years ago, with little to lose and much to gain as Williams charts the direction his franchise will take in the 2020s. The Astros and Cubs tore down their payrolls, then built homegrown rosters into champions. Williams will try to do the same with fewer financial resources and two massively important hires to come.7 and 8. Gerrit Cole and Anthony RendonWe can’t ignore free agents altogether, and these two will set an important precedent for future free-agent pitchers and hitters, respectively. Their fortunes are linked.If last year’s contracts for Harper and Machado are any indication, Rendon can expect to command a six-year contract worth $25-30 million per year. His postseason exploits can only push those numbers higher.Cole’s case brings to mind that of Zack Greinke – a right-handed pitcher coming off a Cy Young-caliber season with the Dodgers in 2015. Greinke was 32 when he signed for six years and more than $206 million with the Diamondbacks, establishing a record for average annual value. Cole is 29, three years younger than Greinke was then. But can he beat Greinke’s contract? The answer to this question will offer a gauge of the health of the free-agent market.Related Articles 1. Scott BorasThe agent for Cole, Rendon, Stephen Strasburg, Hyun-Jin Ryu, Nicholas Castellanos, Dallas Keuchel and Mike Moustakas (deep breath) will have a busy winter negotiating new deals for his clients. But when will they get around to signing?Boras reportedly waited until the Dodgers and Giants joined the bidding for Harper last winter before accepting the Phillies’ final offer of 13 years and $330 million. By then it was February. The popular metaphor for free-agent signings is that of dominoes: the biggest (Cole, Rendon and Strasburg this year) topple first, followed by the lesser pieces. Ideally, for agents, the best players set the market for the rest of the group. A better metaphor in 2019 is earthquakes. There are foreshocks, and aftershocks, and The Big One. No one really knows when they’ll strike, save the one man whose hand is on the seismometer.2. Mookie BettsBetts would become the best player to change teams this offseason if the Red Sox decide to trim payroll at the cost of their star right fielder. The 2018 American League MVP is a career .301 hitter who should be in his prime at age 27. Betts is projected to make $28 million in salary arbitration, still an affordable sum for many clubs.last_img read more

USC pulls football booster’s season tickets for ‘blatantly racist’ tweets promoting violence toward protesters

first_imgRacism and hate speech will not be tolerated. pic.twitter.com/Ariz9zkdJ1— Mike Bohn (@USC_mikebohn) June 1, 2020On Friday, Brown’s account replied to a tweet from writer Tony Posnanski complaining about President Trump’s encouragement of the use of National Guard troops to address widespread protests regarding the death of George Floyd at the hands of Minneapolis police with the comment, “Yes and they should be shooting the looters.”Saturday afternoon, Brown’s account, which has since been deactivated, responded to a tweet from physician Eugene Gu by stating, in part, “People like you promote destruction. No wonder the black community never improves it’s lot. No responsibility. No consequences. At this point they deserve the result.”MORE: Gregg Popovich rips ‘deranged idiot’ Donald Trump, other politiciansAs protests in Los Angeles were being described on Twitter by filmmaker Josh Ethier, Brown’s account responded with a tweet that declared “Shoot the protestors.”And later Saturday, when one tweet said “DC is about to get overrun by Antifa,” Brown’s account stated, “Can’t wait. At last a reason to shoot them.”There were several other such tweets, including one using the phrase “sand thugs.”When the University of Southern California athletic department was made aware that Brown’s Twitter bio identified her as “LAPD Union attorney, public sector labor and employment attorney, USC alum … football booster,” the people in charge knew they could address one of those. Bohn said Monday her Trojan Athletic Fund privileges had been revoked and payments returned. Her account is flagged to prevent future purchases. Wide receiver Michael Pittman Jr., recently selected in the second round by the Indianapolis Colts, was in a photo with Brown taken following a Trojans game that was used as the profile photo for Brown’s Twitter account. He sent a tweet stating, “If you truly believe the things you have said, I politely ask you to take me out of your profile picture. This is disappointing, I know my true Trojan family would never. In times like this, it is important for us to stand together.”@SoCalMAB if you truly believe the things you have said, I politely ask you to take me out of your profile picture. This is disappointing, I know my true Trojan family would never. In times like this, it is important for us to stand together. https://t.co/CH5aVAwiTz— MPJ (@MikePitt_Jr) June 1, 2020Brown later replied to Pittman and apologized for her tweets, saying they were “made in a fit of anger at circumstances in general.””It was a stupid thing to say,” she wrote. “And wasn’t directed at anyone’s race. Just upset at all the destruction.” The Los Angeles Coliseum is a vast stadium, but there’ll be no room there for Marla Brown, a USC football booster, after the inflammatory tweets from her account Saturday during protests that affected Southern California as well as so many other cities in the U.S.Brown no longer will be welcome at Southern California Trojans football games, according to athletic director Mike Bohn. USC revoked her season ticket privileges after an investigation into what he termed “abhorrent and blatantly racist tweets.” Bohn’s message did not specifically identify Brown.last_img read more