ESG roundup: LSE buys analytics provider Beyond Ratings

first_imgCredit: Daniel SchwenIt attributed this to the survey’s greater market coverage – 77 entities responded compared with 66 the previous year – and wider adoption of sustainable investment approaches, in particular “ESG integration” by large asset managers across a broad share of their products.However, the sustainable investment approach with the highest growth rate in 2018 was exclusions (166%), followed closely by ESG integration (160%). There was an 82% increase in the assets reported as being managed under an ESG engagement approach.In the 2018 survey asset owners reported CHF445bn of sustainable investments, representing around a third of total assets managed by Swiss pension funds and insurance companies. In the previous year, asset owner respondents reported CHF238bn of sustainable investments.The full report can be found here. EIOPA gears up for ‘opinion’ on sustainability in Solvency IIThe EU insurance and pension funds supervisor has launched a consultation on its draft “opinion” on integrating sustainability within Solvency II, the EU insurance directive.It was asked to provide an opinion on this topic by the European Commission in August last year, and aims to report to the Commission and the other EU institutions by the end of September.The draft opinion takes into account information that EIOPA collected about how insurers integrate sustainability risks in investment and underwriting practices, in particular with regard to climate change.According to EIOPA, “evidence provided by life insurers confirms that health/life insurers are not considering climate change in their valuation of liabilities and underwriting practices”.“EIOPA is of the opinion that the most pressing need is for insurers to develop and embed long-term scenario analysis in their risk management, governance and ORSA [own risk and solvency assessment],” it said.It has asked for views about incorporating a standardised set of quantitative scenarios in the ORSA.EIOPA will also issue supervisory opinions on ESG risks and governance documents for occupational pension funds.Pensions minister addresses schemes over climate changePension schemes should be thinking about investing in assets that help drive investment in important sectors of the economy, the UK pensions minister told delegates at a conference of the Association of British Insurers (ABI) today.Guy Opperman said small and medium-sized firms, housing, green energy projects and other infrastructure delivered “the sustainable employment, communities and environments which all of us wish to enjoy”. Earlier this year, Beyond Ratings became a registered credit rating agency, authorised to provide ratings of public issuers.Waqas Samad, group director of information services at LSEG, said: “The acquisition of Beyond Ratings will accelerate LSEG’s ability to deliver research-driven multi-asset solutions in sustainable finance investing to our global client base. Beyond Ratings has a number of highly regarded ESG data models developed by a strong team of ESG specialists.”Swiss sustainability investing surgeThe volume of “sustainable investments” in Switzerland increased by 83% in 2018 to reach CHF717bn (€641bn), according to a survey carried out by Swiss Sustainable Finance (SSF). London Stock Exchange Group (LSEG) has acquired Beyond Ratings, a Paris-based provider of environmental, social and governance (ESG) analytics for fixed income.LSEG said Beyond Ratings would sit within its information services division, which includes benchmark provider FTSE Russell.The acquisition is the latest in a series of transactions involving ESG service providers. Earlier this year Moody’s Investors Services took a majority stake in Vigeo Eiris, another French provider of ESG research, data and assessments. Last week Solactive, a German index provider, announced a strategic investment in Minerva Analytics, a UK shareholder voting research and data firm.Beyond Ratings was part of this consolidation trend before the acquisition by LSEG: last year it merged with compatriot Grizzly RI, an ESG and climate change scenario analysis provider.center_img According to a press statement, the minister also said that the financial risks from climate change were “too important to ignore”.“Many pension schemes are doing the right thing by tilting portfolios towards renewables or away from fossil fuels, and by engaging much more forcefully with investment firms who fail to take environmental and social issues seriously,” he said.In a comment on Twitter, Huw Evans, director general of the ABI, welcomed Opperman’s comments but said the insurance sector also needed help from regulators in the UK and abroad.last_img read more

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Cricket News AB de Villiers signs to play T20 cricket for Middlesex

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. London : AB de Villiers has signed to play for English county side Middlesex in the Twenty20 Blast, the club announced on Monday. The South African batsman is a second significant marquee signing for head coach Stuart Law, following the announcement that Afghan spinner Mujeeb Ur Rahman will join his squad for the T20 campaign.De Villiers, 35, is available to play in the first seven rounds and, if necessary, will return for the latter stages of the tournament.The batsman has played in every Indian Premier League since its inception in 2008, scoring almost 4,000 runs at an average of just under 40.Also Read | Kareena, Priyanka received their marriage proposal in THIS same country“I have always wanted to play county cricket, and I am very much looking forward to joining Middlesex,” he said. “Playing at Lord’s is always a wonderful privilege.” Law said: “It’s exciting for all here at Middlesex to announce the arrival of AB de Villiers for the T20 Blast this season.“It’s a great opportunity for some of our younger players to pick the brain of one of the best players to have graced the game of cricket and for the support staff to work with him as well.” last_img read more

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Sports Reform Committee’s Fifth Retreat Begins in Lagos

first_imgThe Sports Reform Committee set up by the Minister of Youth and Sports Solomon Dalung to restructure sports for effective development will be having its fifth retreat in Lagos today and tomorrow inside the boardroom of the Nigeria Olympic Committee (NOC).A statement from the committee said the first day will be a closed session for members while the Tuesday session will be an open one with three presentations from prominent sports resource persons in the private and public sectors.Those penciled for the presentation include the Group Deputy Managing Director of Total Nigeria Plc, Ahmadu-Kida Musa; Adegoke Adelabu who holds a PhD in Sports Science and a former Chairman Vanguard Newspaper Editorial Board, Ikeddy Isiguzo.Ahmadu-Kida will be speaking on “The private sector and sports in Nigeria: prospects and challenges” while  Adelabu, a former Flying Eagles and Green Eagles player will  present a paper on “Sports in Nigeria: a former competitor’s perspective.”The third presentation by Isiguzo will dwell on “Sports in Nigeria: challenges and prospects.”Members of the media, the statement further said, will be allowed to interview the resource persons after their presentations outside the boardroom.Members of the Sports Reform Committee which has Godwin Kienka as chairman are: Babatunde Fatayi-Williams, Segun Odegbami, Col. Sam Ahmedu (rtd), Mary Onyali, Prof. Florence Adeyanju and Bola Orodele.Others are, Yusuf Datti, Waziri Laminu, Kayode Thomas, Ademola Aare, Despan Kwardem and Ayo Olubato.The committee is expected to submit its report on or before July 14.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Lakers’ LeBron James clarifies himself after calling Daryl Morey’s tweet ‘misinformed’

first_img Lakers practice early hoping to answer all questions AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersSoon after speaking with reporters, James took to social media to “clear up the confusion,” tweeting that he wasn’t calling Morey’s actual Oct. 4 statement – “Fight for Freedom. Stand with Hong Kong.” – “misinformed,” but thought the timing was ill-considered.“My team and this league just went through a difficult week,” James tweeted. “I think people need to understand what a tweet or statement can do to others. And I believe nobody stopped and considered what would happen. Could have waited a week to send it.”That position might best reflect the week the Lakers spent relatively isolated. In addition to several NBA events and practices that were canceled, personal appearances and other business meetings players had on their own were called off, adding to an air of tension threaded throughout the trip.The Chinese government has an authoritarian reputation, one burnished by its months-long dealings with Hong Kong protesters who have fought with police in the city streets. James’ comments seemed to reflect the unease some felt while in China – unsure of how the government or the people around them would act. It’s also worth noting that James, and several other NBA players, have large financial stakes in China in the form of shoe deals, endorsements and other business interests.The trip included a meeting between the players and NBA commissioner Adam Silver, in which players reportedly aired frustrations and asked not to speak to media for the remainder of the trip. While he typically is outspoken on a variety of social issues – his media company Uninterrupted is founded on the principle of giving athletes a voice – James said he didn’t want himself or any players to be put in a position where they would have to comment on a political situation they didn’t fully understand. Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed LOS ANGELES — Once again, the Lakers are back home – and with that, they’ve rediscovered their voices.The Lakers broke a week of silence after returning to American soil, deciding late in their five-day excursion through China that it would be best to not add fuel to a roaring controversy. But in his first comments since his return, LeBron James reserved his harshest criticisms for Houston Rockets general manager Daryl Morey, who he called “misinformed or not really educated on the situation” and implied had not considered how his tweet in support of Hong Kong’s pro-democracy protests – the catalyst for the storm overseas – would affect the Lakers, Nets and NBA personnel who spent a week wading through uncertainty.“Yes, we do have freedom of speech,” James said before Monday’s preseason game against the Golden State Warriors at Staples Center. “But at times, there are ramifications for the negative that can happen when you’re not thinking about others, when you only think about yourself.“I don’t want to get into a word or sentence feud with Daryl Morey, but I believe he wasn’t educated on the situation at hand, and he spoke. And so many people could have been harmed – not only financially, but physically, emotionally, spiritually. So just be careful what we tweet, what we say and what we do, even though we do have, yes, freedom of speech. But there can be a lot of negative that comes with that too.” Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers “I’ve been to China maybe 15, 20 times,” James said. “And the reason I’ve always wanted to go back to China is because of the game of basketball. The game of basketball has brought so many different people together, so many different facets, so many different countries, different people that you would never ever expect. And that’s always been my goal, going over to China to be able to have the game … to bring people together in a positive way.”James didn’t play Monday night, just two days after they returned home from their bizarre trip.INJURY UPDATESThe Lakers said during Monday’s game that an MRI exam on Anthony Davis’ injured right thumb revealed only a sprain and he is day-to-day, increasing the chances of the All-Star big man being ready for next Tuesday’s regular-season opener against the Clippers.Davis sprained his thumb on Saturday against the Brooklyn Nets in China.Forward Kyle Kuzma, who has been dealing with a left foot stress reaction since August, was cleared for non-contact work after an MRI.Like James, neither Davis, Rajon Rondo nor Danny Green played in the game on Monday night, which Vogel said was his decision to give them rest.center_img “I think Adam has always been receptive about what the players and the coaches and the owners or whoever has comments about our league,” he said. “And at that particular time, I think he was receptive as well. And it’s a tough situation for Adam as well, to put out such a fire that he didn’t create, he didn’t start.”When asked about his thoughts on the political side of the events in China, James echoed Warriors coach Steve Kerr’s belief that he wasn’t educated enough to comment on the situation.“When I speak about something, I speak about something I am very knowledgeable about, something that hits home for me, something that I am very passionate about,” James said. “I felt like with this particular situation, it was something that not only was I not informed enough about, I just felt like it was something that not only myself and my teammates or our organization had enough information to even talk about it at that point in time, and we still feel the same way.”The biggest relief, James suggested, was actually getting on the court.“So many different events had been canceled throughout our time over there, and all we kept saying, ‘(expletive), we flew all these miles to come over to China, we would love to play the game of basketball in front of the fans,’” he said. “And that was our whole mind, to be able to prepare ourselves mentally.”Digging for silver lining out of the experience, Coach Frank Vogel said he was impressed with how his players conducted themselves overseas, and many of the canceled events were replaced by film study sessions and group dinners. He called the trip “really productive.”“It definitely highlights the benefits that we were getting from the time on the plane, the time in the hotel together, dinners together,” he said. “Especially with a team like ours that’s really new to each other, a lot of new faces, I think that will really benefit us.”Both Vogel and James said they would be willing to go back to China if asked.Related Articles Lakers, Clippers schedules set for first round of NBA playoffs How athletes protesting the national anthem has evolved over 17 years Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

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Anthony Davis and LeBron James’ input ‘incredibly valuable’ in building Lakers roster, GM says

first_img“Once [Leonard’s] decision was made, we had all of our chess pieces on the board to make our moves and close. And at that point you just don’t look back,” Pelinka said Friday (via ESPN.com). “The North Star for us was just we wanted to add more shooting. We wanted to have perimeter defenders, high-IQ players, guys with high character, and then a versatile lineup.”Though James hasn’t given his scouting report of his new-look Lakers roster, Davis said during his introductory press conference that he’d “put our roster up against anybody.””It’s going to be fun,” Davis said. “I’m excited about it. I think the league has grown, I think it’s better. All the players teaming up and kind of spreading that talent throughout the league — it’s going to be a fun season. I like our roster, I like every player that we have. From one through 14, and so I’m excited about it.” Related News Avery Bradley explains decision to sign with Lakers “Anytime as a general manager when you have stars on your team, especially guys that have the basketball IQ and understanding of the game that Anthony Davis and LeBron have, of course you’re going to be tapping into them as partners,” Pelinka said on a conference call (via silverscreenandroll.com). “We view our relationships here with our star players as partnerships and I know Anthony and LeBron are excited about the 14 guys and how we’re going to come together, and their input is — both of their input, Anthony’s and LeBron’s — has been incredibly valuable to me.”Notable Lakers free agent signingsPlayerPositionContract detailsDanny GreenSG2 years, $30 millionKantavious Caldwell-PopeSG2 years, $16.6 millionAvery BradleySG2 years, $9.8 millionQuinn CookPG2 years, $6 millionRajon RondoPG2 years, $5.2 millionJaVale McGeeC2 years, $8.2 millionDeMarcus CousinsC1 year, $3.5 millionJared DudleySF1 year, $2.6 millionLos Angeles spent its open cap space quickly once it missed out on Kawhi Leonard. And while Pelinka, James and Davis certainly wanted to add a third superstar, they made sure they were ready to move on other players if free agency’s biggest domino didn’t fall in their favor. 3 takeaways from Anthony Davis’ introductory press conference with Lakers Anthony Davis to skip FIBA Basketball World Cup, still planning to play in Olympics, report says Rob Pelinka may the general manager of the Lakers, but he knows his two superstar players — Anthony Davis and LeBron James — need to be happy if he expects the franchise to return to prominence.With that in mind, Pelinka said he consulted both James and Davis when it came time to sign a bevy of free agents and fill the Lakers’ roster.last_img read more

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