PLSA warns against ‘hasty’ reactions after report of ESG policy failings

first_imgYesterday, the UK Sustainable Investment Forum (UKSIF) said a review it carried out “indicate[s] large scale non-compliance among trustees, who have mostly failed to publish their SIPs as the ESG regulations require”.Of a sample of 70, two-thirds of schemes UKSIF believed should have published their SIPs had not done so by mid-November. Among those who did, the policies were “vague and non-committal”, said UKSIF, which is a membership organisation for finance industry entities committed to growing sustainable finance.It called on The Pensions Regulator (TPR) to carry out a review to investigate levels of compliance in the UK pensions sector and for the government to set up a central registry to host trustees’ policies on ESG issues as many pension schemes did not have websites.It also said government and TPR should provide trustees with more guidance to educate them about how to manage climate-related financial risk.Guy Opperman, pensions minister, said he was “very disappointed and very concerned” by the findings.“UKSIF should pass the information to TPR for it to take swift action against any pension schemes not complying with the law,” he added.“The new requirements only came into force in October so we should expect disclosure to evolve quickly over the next few years”Caroline Escott, policy lead for investment and stewardship at the PLSACaroline Escott, policy lead for investment and stewardship at the Pensions & Lifetime Savings Association (PLSA), said it strongly urged all schemes to put searchable disclosures online as required under the new regulations.She also said disclosure was “one part of a complex and evolving process” for trustees.“The new requirements only came into force in October 2019 so we should expect disclosure to evolve quickly over the next few years,” she added. “Introducing hasty extra regulatory requirements is unlikely to result in any tangible benefits.”What does the regulator have planned? A spokesperson for TPR said the regulator will be “developing a strategy to set out the improvements we expect over a specific time period”.“This is likely to include steps to identify non-compliance and plans for when we will routinely enforce against the requirements. We may take action ahead of this against schemes where a failure to engage with climate risk and other ESG requirements appears to be part of a pattern of wider governance failings.”As part of its new supervision TPR was already talking to trustees of major schemes to make sure they were aware of their responsibilities to comply with the October 2019 investment regulations.The spokesperson also noted the work TPR was doing with government and industry bodies to develop guidance to help trustees identify, assess and disclose their scheme’s exposure to climate risk. The guidance is due to be published for consultation in March.TPR published guidance on the new SIP requirements for DC schemes in late June last year.The only way is up?Stuart O’Brien, partner at law firm Sackers, said UKSIF’s report included “some pretty bruising findings” but that it arguably was not surprising pension schemes had adopted stock wording for their expanded SIPs.“My sense is that in a lot of cases that was a conscious choice to get compliant by the deadline, but with a view to spending more time developing more comprehensive policies this year and in time for the next SIP update deadline of October 2020,” he said.“I am hopeful that things will get a lot better this year.”Simon Jones, head of responsible investment at Hymans Robertson, welcomed UKSIF’s recommendations and said many trustees were “only at the starting point of their journey”.“We expect they will continue to evolve their approach to climate change investing and develop their policies over coming months and years,” he said.“Like everyone – politicians included – schemes are at the start of a steep learning curve on ESG matters”Terry Saeedi, pensions partner at Clyde & CoTerry Saeedi, a pensions partner at Clyde & Co, expressed a similar sentiment, saying that pension scheme trustees – like politicians and others – “are at the start of a steep learning curve on ESG matters”, in particular with respect to climate change.“Focusing on granular detail – such as poor publication rates of policies like the statement of investment principles – risks missing the point, while leaving us on the burning platform,” she said.She also questioned the efficacy of “additional regulatory burdens”, saying supporting pension schemes to put ESG matters at the heart of their investment strategy was a better approach, and that pressure from within the pensions industry, such as the red voting lines campaign developed by the Association of Member Nominated Trustees, and growing activism by members, were also likely to be more persuasive.Robertson said that by dealing with members’ climate change-related demands now, “trustees may find they foster a more engaged environment with a membership that feels part of the decision”.UKSIF’s report can be found here. The UK’s pension fund lobby group has warned against rushing to introduce additional regulatory requirements after an advocacy group reported that many pension schemes had not met new disclosure obligations relating to environmental, social and governance (ESG) matters.Effective 1 October last year, trust-based defined contribution (DC) schemes with more than 100 members have to have updated their statement of investment principles (SIP) to document their approach to financially material considerations, which include ESG considerations such as climate change.The SIP has to be published on a website and there is also a requirement to state a stewardship policy.From October this year, schemes will have to publish statements explaining how their policies have been implemented.last_img read more

I’m a man, abused by a woman – but my story is ignored

first_imgStuff 18 July 2018Family First Comment: “The fact that we can’t see men as victims or women as perpetrators has lead to us trying to solve half a problem. We have few support mechanisms for men wishing to leave violent relationships. We excuse women’s violence as justifiable reactions to a man’s behaviour or her emotional state, we are intolerant to the idea that they didn’t do something to deserve what they got, and we assume the man is the guilty party even when he is the one who called the police.”Yep – the exact point we made regarding White Ribbon only part-solving the problem.When I look back on my early twenties I have a huge feeling of regret. The damage that was done to me by an abusive partner has stayed with me for many years.Thirty years on, I still remember vivid details of the abuse. I remember the song that was playing on the radio when she broke a plate over my head for being late home from work, the colour of the wallpaper when she tied me to the bed for a ‘fun time’ and then sexually assaulted me, and the memory of her dark roots standing out against her blonde hair when she tried to stab me for talking to another girl at a party.However, many of the little things now blur together; the put downs, the way she isolated me from my family, the way she controlled my time and money, the way she suddenly got pregnant every time it looked like I was going to leave, and the way she used casual violence, safe in the knowledge I wouldn’t hit back.I could go on about the abuse I suffered, but that’s not the point of this piece. The point is to discuss how we can stop family violence.In my experience, what I have shared with you will be dismissed by most. At best, people will say I was a rare example of female-perpetrated domestic violence, or I’ll be called a liar or worse. For decades the message has been strong and clear: men hurt women and not the other way round.This message has contributed to the problem of domestic violence in my opinion. The fact that we can’t see men as victims or women as perpetrators has lead to us trying to solve half a problem. We have few support mechanisms for men wishing to leave violent relationships.We excuse women’s violence as justifiable reactions to a man’s behaviour or her emotional state, we are intolerant to the idea that they didn’t do something to deserve what they got, and we assume the man is the guilty party even when he is the one who called the police.This repression of the idea men can be genuine victims of a woman’s violence isn’t just casual sexism, it is systemic.Many studies, such as the longitudinal Dunedin study, have been non-platformed when trying to present findings that women are as violent as men. We ask women if they have ever been abused by a partner and get shocking figures of one in three or four victims, depending on who you ask and how abuse is defined, but we don’t do that for men. We don’t even ask women if they’ve ever been abusive to a man because the answer is shocking.To solve domestic violence we need to take a look at the entire picture. We need to stop making assumptions about who is the violent one and who is the victim and do some actual investigating. We need to stop the political games played by certain groups who have an interest holding onto public funding or controlling the narrative.Yes, on average men hit harder and do more damage when they hit, but that doesn’t excuse a woman hitting a man in any way. Assault is assault and lessening the responsibility of the one who assaults on muscle mass isn’t equitable.READ MORE:–but-my-story-is-ignoredlast_img read more

‘Relegation should be scrapped if Premier League season is ended’ Says Tony Bloom

first_imgLONDON: Brighton and Hove Albion owner Tony Bloom said that relegation may need to be scrapped if the Premier League season has to be ended. As the Premier League table stands, Brighton are on 29 points, two points above the relegation zone.“I don’t foresee a situation, if the season’s not played out, that teams will get relegated on a points-per-game basis,” Bloom is quoted as saying by BBC Sport.“I just don’t think it’s fathomable that a team which is not allowed to play out the season may lose out on 0.2 points based on this system, and also it does not take into account the strength of the team you have not played.”The Premier League, like other leagues in Europe, has been suspended due to the coronavirus pandemic. There are nine matches to be played by each club this season and a potential cutoff date of June 30 for the league to restart has been in the speculation.“You may get a title winner, obviously Liverpool deserve it, you may use that criteria for European qualification but I do not see how anyone can vote for that, certainly the percent needed (70 per cent), for teams to get relegated. I really cannot foresee that,” added Bloom.West Ham United, Watford and Bournemouth are all on 27 points and are separated only by goal difference, putting Bournemouth at risk of being relegated if the current points table stands. IANSAlso Read: Why Congress wilted, why Modi bloomedAlso Watch: Veterinary College in Guwahati creates hand sanitizers to fight the shortage of Sanitizers in Assamlast_img read more

6 years after she was hired, Gina Castelli and Le Moyne have shot at NCAA Tournament

first_img Comments Head coach Gina Castelli faced over a dozen Le Moyne women’s basketball players in the visitor’s locker room after it defeated then-No. 14 Florida Southern College. It was Nov. 23, and her team had just moved to 3-1 on the season with a seven-point win.But she hadn’t told the Dolphins how high their opponent was ranked. So after the game, she wrote the Moccasins’ ranking on the whiteboard. She asked her players what they thought that number meant. They guessed offensive rebounds, but Castelli shot back the real meaning.“We went nuts,” redshirt sophomore guard Liz Millea said.Inside its home gym, only one of the 110 banners marking NCAA Tournament appearances is for the women’s basketball program, one that’s slowly gained acclaim in Division II hoops recently. When Castelli took over Le Moyne six years ago, she fulfilled a step-by-step reconstruction to create the team that sits atop the Northeast-10 Conference standings. This season, the Dolphins (19-4, 13-4) are ranked for the first time in school history after knocking off two top-15 teams and totaling a 14-game winning streak.“Water the culture, water the vision,” Castelli said, “and never settle.”AdvertisementThis is placeholder textIn 2014, Bentley University, a NE-10 rival, won the NCAA Women’s Division II National Championship behind an undefeated, 35-0 season. After her first season with the Dolphins, Castelli began to formulate a plan that modeled her roster off of Bentley’s. It started with size, continued through solid point guards and ended with a winning program.Corinne Poitevien, now a graduate student, led a class with three players taller than 6-feet. The next piece, McKayla Roberts, has averaged 17.5 points per game this season and filled the point guard vacancy. Soon, Castelli’s desired squad came to fruition.“I think little by little we’ve been able to fill in those pieces,” Castelli said, “so that at this point now, we’re right there.”Greg Wall | Le Moyne AthleticsThis season, the Dolphins won 11 of their first 13 games, including a blowout win against then-No. 10 Bentley on the road. After a one-point loss to The College of Saint Rose on Nov. 28, the Dolphins didn’t lose a game for over two months. Their 14-game winning streak set the program record. After 12 consecutive victories, they were ranked at No. 24.But in the first minute of Le Moyne’s game against Adelphi on Feb. 6, starting guard Cameron Tooley left the court with a leg injury. Teams began face-guarding Roberts more frequently, and her production dipped. The Dolphins lost to Adelphi, and then two days later lost by 30 to American International College. It dropped Le Moyne out of the national rankings and served as a reminder.“(Winning) became so much of a habit,” Millea said.A day before Le Moyne’s chance to clinch a top-seed in the NE-10 tournament, freshman Erin Fouracre pulled up for a three in practice and missed. The words of Castelli — “Quick shots lead to transition for them” — echoed throughout the gym. When Southern Connecticut State hit three quick 3-pointers the next day, the Dolphins started to play tighter man-to-man defense. And when Madison Shetrom launched a half-court shot with three seconds left in the first quarter, Castelli yelled at her, saying she had more time.“I was glad we got ranked,” Castelli said, “but I was also glad we weren’t ranked, because it made us a little hungrier, too.”As Castelli shot free throws at the end of practice last Friday, it took until the tenth shot for her first miss. Before each one, Castelli bounced the ball, glanced up toward the backboard and released it. Behind the backboard, Castelli saw the gym’s banners, stretching across the upper third of the wall, a reminder of what her team wants to accomplish this season.“You see men’s lacrosse, women’s lacrosse, men’s basketball. They consistently played at that high level,” Castelli said. “That’s a goal of mine, to get this program to a place where we can get there too.” Facebook Twitter Google+center_img Published on February 19, 2019 at 11:06 pm Contact Andrew: | @CraneAndrewlast_img read more

Tipp ladies have ‘resilence’ to claim league victory

first_imgAnd you can hear the full interview with Gerry McGill on Tipp FM’s Weekend Sports Preview just after the 1pm news tomorrow afternoon.Meanwhile, there are two changes to the Tipperary team from the one that started last time out.Claire Mullins comes into the side at wing-back in place of Claire Carroll.The other alteration sees Eimear Myles starting in the half-forward line instead of Niamh Lonergan.This is the Tipperary XV chosen for the match:Patricia Hickey; Bríd Condon, Samantha Lambert, Sinéad Delahunty; Anne O’Dwyer, Jennifer Grant, Claire Mullins; Lorraine O’Shea, Sheelagh Carew; Cathriona Walsh, Máiread Morrissey, Eimear Myles; Aisling Moloney, Gillian O’Brien, Edel Hanley (capt).Tipp FM will also have regular updates from the big match, which begins at 1.15pm on Sunday. That’s the view of their manager Gerry McGill, who believes this quality has kept his side in with a chance of winning the National League Division 3 title.Tipp face Waterford in the final replay at Semple Stadium on Sunday after the counties couldn’t be separated first time out.Gerry says that even though the Premier County made a slow start six days ago in Clane they were never out of the running.last_img read more

Cloudbet makes stablecoin foray with USDT addition

first_img Related Articles StumbleUpon Submit Share strengthens cryptocurrency capabilities with Litecoin integration April 16, 2019 Share Cloudbet elevates UFC 250 offering with in-play markets June 5, 2020 Cloudbet launches enhanced esports products May 6, 2020 Bitcoin sportsbook and casino Cloudbet has made its first foray into stablecoin betting after confirming the addition of USD Tether to its portfolio of available coins.After a month of testing with a small group of players, Cloudbet will now allow punters to deposit, withdraw and bet using the USDT coin.“We’ve accelerated our feature rollouts tremendously, thanks to the systems and processes we put in place to build the new website,” a Cloudbet spokesman said. “The market can look forward to many more new features and new coins in the coming months.”USDT, which is pegged to the US dollar, and Ethereum are among the new features on Cloudbet’s new website, which the company launched at the end of April.Other feature additions include UFC in-play betting, new language options and its strengthened esports vertical which was rolled out in early May. The esports vertical aims to enhance the customers’ betting experience on titles such as Counter Strike: Global Offensive (CS:GO) and FIFA 20.Stablecoins such as USDT have been put forward as a solution for players seeking to protect the value of their cryptocurrency winnings from the extreme fluctuations in price experienced by holders of non-stablecoins.Because its value is fixed on a 1-to-1 basis with the USD, the fiat value of winnings in Tether does not fluctuate along with market prices.“Since launch, a fundamental part of our philosophy has been about empowering players with technologies that solve their problems,” Cloudbet’s spokesman added. “USDT and stablecoins are an extension of that.”last_img read more

England Hand Call-Up to Liverpool Teenager Raheem Sterling Ahead of Ukraine World Cup Qualifier

first_imgEngland manager Roy Hodgson has called Raheem Sterling into his England squad for the World Cup qualifier against Ukraine.The news comes hours after Jamaica admitted they planned to hold talks with the Liverpool starlet about representing them.Tottenham’s Jake Livermore and Adam Lallana of Southampton have also been added after Theo Walcott withdrew and Daniel Sturridge missed training on Monday.Whether the call up is to allay fears that Jamaica could lure Sterling into representing them at international level or because of a succession of injuries to current squad members, the decision to bring the Liverpool youngster into the full England senior team fold is a wise one.Roy Hodgson seems more than open to bringing in young talent and offering them a chance to shine and the former Liverpool boss will have been impressed by the maturity shown by the 17 year old this term.Raheem Sterling arrived at Liverpool from QPR in February 2010 and had impressed greatly win youth and reserve sides and has started the club’s last two Premier League fixtures against Man City and Arsenal.last_img read more

Ghana wins maiden African Minigolf Cup of Nations

first_imgGhana emerged champions of the maiden African Minigolf Cup of Nations (AMCON) which ended in Accra last Sunday.It was a competitive two-day affair at the Ghana Minigolf Federation 18-hole world championship course as Ghana faced stiff competition from 11 African countries for prizes and bragging rights.Organised by the Ghana Minigolf Federation (GMF) and African Minigolf Federation, under the stewardship of Mr Talal Fattal, the competition featured 48 players, including 10 females, with hosts Ghana presenting Five teams of which two dropped out at the Quarter Finals knockout phase.In the end, the Ghanaian duo of Enock Nyarko and Solomon Lokko scored 82, with six (6) holes in one to finish as winners of AMCON 2019 last Sunday.Gabon, who presented four teams, finished as first runners-up with the pair of Ruben Minko and Olsen Madama Christ Junior edging out team Ghana pair Kelvin Boateng and Bright Frimpong to third place with a score of 83.The Somasse brothers from Benin, Arthur and Brun, finished in the fourth position with a score of 86 after three rounds of playoff work with team Ghana 3 on hole 14 during the semi-finals. The Ghanaian winners were presented with medals, trophy and a cash prize of GHc3000 donated from Ghana Minigolf Federation with products from NASCO.The first runners-up received silver medals, trophy with a cash prize of GHc1000 donated by GMF, and products from Electroland Ghana Limited, marketers of NASCO mobile phones and electronic appliances.Ghana’s Emelda Bempong claimed the Best African Female Player prize with a total 218 points, while Enock Nyarko took the honours as the Best African Male Player with a total point score of 181, for which NASCO rewarded both of them with a trophy & mobile phone eachIn addition, Ghana won the Best African Team honour under their coach Solomon Addai & Captain Richard AmoahAnother winner on Sunday was Guinean Barry Amadou who won the Most Hole-in-One prize with 24 hole-in-one. After the competition, the winning Ghanaian pair Enock & Solomon expressed their excitement at their achievement & turned their attention to the global competition which comes off in China end of this month.“We are so happy to win this tournament because we have put a lot of time and energy preparing for it. It wasn’t easy scoring low but with hard work, we were able to team up and do it. It was really tough at the last stages as all eyes and attention was on us. It would’ve been a shame if Ghana didn’t win it. Now we have to prepare for the World Minigolf Federation’s Championships in China,” said an excited Nyarko.The tournament was also used to launch the Ghana Wheelchair Minigolf Association, with its General Secretary, Wilson Agbesi, pledging to work hand in hand with the GMF to train their players for future local and international competitions.At the short closing ceremony, Madam Adiza Ibrahim, Marketing Manager Electroland Ghana Ltd, co-sponsor of the tourney promised more sponsorship packages for the GMF, should they continue to impress.“We at NASCO are happy to associate with this tournament and the Ghana Minigolf Federation. Our relationship will grow stronger and there are more goodies for minigolf due to the very competitive tournament you have had. We say congrats to all the winners,” she said. —last_img read more

Wellington eighth grade boys finish 2nd in league ending Pioneer League meet at Hargis

first_imgWyattEldridge6th6.117thYESPR QuinnMcCue8th9.389thYESPR Tyler Brown won the eighth grade Pioneer League boys division by a large Tracy McCue, Sumner Newscow — The Wellington eighth grade boys cross country team finished second amongst the six schools participating in the Pioneer League Division IV Cross Country meet at Hargis Creek Tuesday evening. Eighth grader Tyler Brown won this race with a 8.48 time in the 1.5 mile race.Wellington hosted both the Division III and IV races that involved seventh and eighth grade girls and boys runners on a warm October afternoon. Twelve schools came to Wellington to participate in the season-ending event that involved eight races in all.“It was a good day for the Wellington Middle School Cross Country team,” said Charles Wallace, Wellington head cross country coach. “We were just a girl short from placing as a team in the eighth grade girls division as well.”Six Wellington eighth grade runners finished from first to 23rd.Between the seventh and eighth grade runners, Wellington brought home seven individual league medals. There were also 11 personal records for the Knights.  The eighth grade boys had 22 points for second place behind El Dorado. Eighth grade girls finished third with 27. Seventh grade boys placed third with 23 and the seventh grade girls finished fourth with 43. More pictures can be found here.Individual results are as follows:  TylerBrown1st8.481stYESLEAGUE Champion!!!!! RaeawnaNutt13th14.2014th Wellington 8th Gr. Boys – 2nd place – 22 points MichaelaAdkins21st7.4826th TannerMeyer3rd6.063rdYESPR This concludes the Wellington Middle School Cross Country Season JaydenStaley22nd8.2329thPR JohnLong13th11.0615thPR DanielAtkinson16th11.4718th HunterBryant13.4323rd With a great finish of the season by all that participated Wellington 7th Gr. Girls placed  4th – 43 points Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments DouglasGarton17th11.5019th ColinGreen14th6.4015th Wellington 7th Gr. Boys placed 3rd – 23 pointscenter_img 7th Grade Girls 1 mile  Overall      Team PlaceTIMEPlaceMedalPers.Rec. 8th Grade Boys 1.5 miles Overall    8th Grade Girls 1.5 miles Overall    Follow us on Twitter.   Team PlaceTIMEPlaceMedalPers.Rec. TrinityMason14th7.2116thPR AveryBarker6th11.096thYESPR Wellington 8th Gr. Girls 3rd place – 27 points   Team placeTIMEPlaceMedalPers.Rec. 7th Grade Boys  1 mile  Overall      Team PlaceTIMEPlaceMedalPers.Rec. JessicaWalker23rd8.2530th McKennaJones8th11.168thYESPR AbbeyTredway8th6.399thYESPR AryannaBooth8.5432nd WyleeStone12.3221stPRlast_img read more