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LGIM backs call for IOSCO to foster harmonised climate risk reporting

first_imgIOSCO is the international body bringing together securities regulators.LGIM’s Omi was writing in a foreword to a report by three non-profit organisations calling for other investors to encourage IOSCO to act to harmonise climate risk reporting.“IOSCO occupies the most favourable position for action at a global scale, and should be a key target of investor-led initiatives seeking to ensure harmonised climate risk reporting,” said the report.“IOSCO has remained silent on this issue since the release of the recommendations – but investors have a strong basis for demanding action either through activating national securities regulators to engage with IOSCO on their behalf, or through engaging IOSCO directly.”The report was produced by activist law firm ClientEarth, think tank CarbonTracker, and conservation campaign group WWF.According to the authors, there was a risk that reporting in line with the TCFD recommendations would be an “EU phenomenon”, which could lead to regulatory divergence with other regions in terms of climate risk disclosure and corporate governance practices. This, in turn, would make it difficult for investors with a global portfolio to accurately assess risk and allocate capital, they argued.The report identified different ways in which IOSCO could promote harmonised climate risk reporting and widespread implementation of the TCFD recommendations, and how investors could push for such action from the body. One of the world’s largest asset managers has backed calls for global standard setter IOSCO to play its role in ensuring the usefulness of climate risk reporting for global investors.The International Organization of Securities Commissions (IOSCO) was “ideally placed” to accelerate progress on climate risk reporting, according to Meryam Omi, head of sustainability and responsible investment strategy at €1.1trn Legal & General Investment Management (LGIM).Despite “undeniable” momentum behind support for the work of the Taskforce on Climate-related Financial Disclosures (TCFD), the usefulness of climate reporting depended on expanding harmonisation and standardisation across different jurisdictions, she said.“As a major global investor, we would like to call on IOSCO to acknowledge the TCFD recommendations and encourage their incorporation into international listing standards,” added Omi.last_img read more

SBU looks to extend streak vs Duquesne

first_img February 25, 2020 SBU looks to extend streak vs Duquesne ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com Associated Press center_img BIG MEN ON CAMPUS: Marcus Weathers is averaging 14.7 points and 7.9 rebounds to lead the way for the Dukes. Sincere Carry is also a big facilitator, accounting for 12 points and five assists per game. The Bonnies have been led by Kyle Lofton, who is averaging 14.2 points and 6.1 assists.OFFENSIVE THREAT: Carry has either made or assisted on 48 percent of all Duquesne field goals over the last five games. The sophomore guard has 26 field goals and 35 assists in those games.UNDEFEATED WHEN: Duquesne is a perfect 16-0 when it holds an opponent to 69 points or fewer. The Dukes are 2-8 when opponents score more than 69.BEHIND THE ARC: Saint Bonaventure’s Dominick Welch has attempted 170 3-pointers and connected on 36.5 percent of them, and is 6 of 16 over his past three games.TOUGH DEFENSE: Duquesne has held opposing teams to 64.9 points per game, the second-lowest figure among all A10 teams. Share This StoryFacebookTwitteremailPrintLinkedinRedditDuquesne (18-8, 8-6) vs. Saint Bonaventure (18-9, 10-4)Reilly Center, St. Bonaventure, New York; Wednesday, 7 p.m. ESTBOTTOM LINE: Saint Bonaventure looks for its ninth straight win in the head-to-head series over Duquesne. In its last eight wins against the Dukes, Saint Bonaventure has won by an average of 6 points. Duquesne’s last win in the series came on Jan. 16, 2016, a 95-88 victory.last_img read more

Whether Johnny Manziel plays in XFL ‘remains to be seen,’ Oliver Luck says

first_img“There are a lot of guys that played in the AAF and played all seven games or whatever they had. We didn’t invite them here because we’ve got enough tape on them,” Luck said. “So Johnny has some tape, right? Whether it’s Canada — and we have two coaches from the CFL, (Marc) Trestman and June Jones. Or there’s college. What he did obviously in the NFL.”If eight guys say, ‘we’d like that guy in the league,’ we’ll put him in the league. Or put him in the draft pool. Whether teams draft him, that’s up to the individual head coaches.”Manziel said earlier this month that he’d like to play for one of the two XFL teams in Texas, either in Dallas or Houston. The XFL’s reboot is set to debut in February 2020. Johnny Manziel wants to play in the XFL, but the feeling may not be mutual.The controversial quarterback has expressed his desire to join his fourth professional league, a move XFL commissioner Oliver Luck has yet to consider. “The biggest draw for me is having two XFL teams in Texas,” Manziel told the Houston Chronicle at the time. “I’m still young and in good shape. I’m looking at all opportunities to play.”Manziel, who is still only 26, is seeking another chance to resurrect his football career after failed stints in the NFL, CFL and AAF.The 2012 Heisman Trophy winner last played with the Memphis Express of the Alliance of American Football in mid-March, but the league suspended operations a couple of weeks later. Jaguars fine Telvin Smith $88K for missing minicampcenter_img “Well, I don’t know that yet,” Luck told USA TODAY Sports on Saturday. “That remains to be seen.”However, just because Manziel didn’t receive an invitation to one of the league’s ongoing showcases doesn’t mean it won’t pursue him down the road. Related News Travis Kelce: Kareem Hunt’s release from Chiefs ‘ripped our hearts out’last_img read more

“US Exchange Programs Alumni Not Networking”

first_imgFellows who participated in the recent Alumni Conference in Monrovia A beneficiary of United States exchange programs says the lack of networking among US exchange programs alumni in Liberia is hindering the achievement of the needed impact.Hundreds of Liberians have benefited from educational programs, both long-term, and short-term, in the United States with the aim of returning to impact their communities in various ways.Some major programs that have taken a lot of Liberians to the United States for studies in different fields of disciplines, include the International Visiting Leadership Program (IVLP), the Young African Leaders Initiative (now the Mandela Washington Fellowship), Hubert Humphrey Program, Community Solution Program, FullBright and other miscellaneous programs for capacity-building and on-the-sight experience.These programs educate beneficiaries in health, education, social work, entrepreneurship and communication to return to their respective countries.Eddie Jarwolo, the founder and executive director of the National Youth Movement for Transparent Election (NYMOTE), told the Daily Observer at the end of the US Embassy organized Alumni Conference on April 21, that while individual alums (fellows), including him, are making strides to impact their communities, there is a shortcoming in terms of network among fellows.Jarwolo has been privileged to participate in four of the exchange programs, including Community Solution and the International Visiting Leadership Program (IVLP).He added, “today’s program is good and it brings us to a sense of networking; there are some fellows coming after us who we do not know, and it is good that we know one another in order to network and make more impact in society.”According to Jarwolo, fellows returning from the US exchange programs are not documenting activities they are involved with here, something he said is arising from poor networking.“We are not networking; we do not have a strong network and no one is willing to play a strong leadership role to put the group together,” Jarwolo said.This is the second time that the US Embassy Public Affairs Department has called an alumni conference to get beneficiaries acquainted with one another and form networking groups to make a better use of what they learned at various fellowship programs in the United States.It can be recalled on August 8, 2017, the first alumni conference was called at a resort in Monrovia where the second conference this year was also held.The purpose is to create a sense of networking, undergo refreshing lectures on topics of interest, and to share together impacts fellows are making in their respective communities.A 2016 Fellow of YALI, Josephine Sellie-Drobia said since she returned to Liberia, she has been engaged in mentoring teenage girls who are vulnerable to sexual exploitation and unwanted pregnancy.Mrs. Drobia’s engagement in this social work is making an impact despite challenges and constraints associated with dealing with such a group of people in a society.She said she has observed that mothers do not keep a proper watch on their girls, but warned them that “in case you get your bastard belly (pregnancy), you will get out of my house.”This, according to her, is not solving the problem, and that is one reason she is prioritizing teenage girls in her engagement.United States Ambassador to Liberia, Christine Elder reminded participants that only Liberians have the potential to change their country and not the average Americans who come here.She told the fellows that she was also privileged to participate in exchange programs in other countries, and it opened her mind to do other things differently than the usual way.She referenced entrepreneurship as an engine of growth for the economy and also health and education as two key foundations on which any nation can be built.Amb. Elder also stressed the need for professionalizing the press because, by that, she said society will be stable.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more