Candriam extends tobacco, coal bans to all assets

first_imgAsset manager Candriam is extending its thermal coal and tobacco exclusions policy to all its assets under management, it announced today.The exclusions had already been in place for socially responsible-invested (SRI) assets, but would now be applied to the full scope of its assets under management. This would take in all funds and segregated mandates, a spokesman noted.As of the end of June, Candriam has €113bn of assets under management across active, smart-beta, indexed and alternative strategies.The asset manager, which is a subsidiary of New York Life Company, indicated it would also be fully divesting from companies that produce chemical, biological and white phosphorous weapons. Divestments triggered by the new measure would be implemented by the end of this year, according to the manager.Companies with an “exposure level” of more than 10% to thermal coal will be affected by the exclusion, which the spokesman noted was a stricter criterion than that set by many other investors. The asset manager would ban all companies launching new coal projects.The exclusion of tobacco targeted both manufacturers and their suppliers, it said.Naïm Abou-Jaoudé, CEO of Candriam and chairman of New York Life Investment Management, said: “Coal is the most polluting energy source and the first stranded asset in an energy transition pathway, while the harmful effects of tobacco are increasingly exposed.“We recognise the important role asset managers play in tackling major global issues such as health and climate.”Vincent Hamelink, Candriam’s chief investment officer, added “health, social and environmental costs are key in a risk-return analysis”.“Extending our divestment strategy to our mainstream funds is a logical next step as investments in these companies are increasingly incompatible with our long-term risk/return objectives and our sustainability targets”.Candriam’s announcement coincides with a climate summit and the annual responsible investment conference of the Principles for Responsible Investment (PRI) in San Francisco this week.Fossil fuel divestment on the riseAccording to a report from philanthropy and impact investing firm Arabella Advisors, nearly 1,000 institutional investors with $6trn (€5trn) in assets have committed to divesting from fossil fuels, up from $52bn four years ago.Released ahead of the climate summit, the report said the recent growth was primarily driven by insurers, pension funds and sovereign wealth funds.The growing success of the divestment movement had accelerated in recent years because of “the intersection of ethical, financial and fiduciary imperatives to divest and invest,” it said.The report can be found here.last_img read more

FEPORT Looking at a More Strategic Approach

first_imgDuring a gathering in Klaipeda, the members of the Federation of European Private Port Operators (FEPORT) have discussed the strategic roadmap of the organization for the three coming years.As key assets which require a more strategic approach from national and European policy makers and regulators, the port members also commented on the adoption of the Ports Regulation in February 2017 and the General Block Exemption Regulation in May 2017.“Both texts have mobilized our membership and organization because it was crucial to avoid that those pieces of legislation have counterproductive effects on private port investments. It was a also important to make sure that they are consistent to avoid confusion or legal uncertainty,” Gunther Bonz, President of FEPORT, said.“We are satisfied with the outcome and think that both above mentioned texts and the concession Directive, which applies to Greenfield port projects, form a consistent legal framework that will allow us to invest,” Bonz added.Furthermore, he informed that “it is essential” that these three pieces of legislation are now implemented in the same way everywhere and that no extensive interpretation of provisions, for instance regarding the prolongation of existing concessions, is made.last_img read more

Stabbing lands cop in hospital

first_imgBut the motive in the incident was not immediately established. BACOLOD City – A cop was stabbed in Barangay Talubangi, Kabankalan City, Negros Occidental.Staff Sergeant John Perez, 54, of Barangay 1, Kabankalan City sustained stabbed wounds on the body, police said. Perez was brought to the Lorenzo D. Zayco District Hospital in Kabankalan City and is now in stable condition.Bautista, meanwhile, was detained in the lockup facility of the Kabankalan City police station, facing charges./PN Resident Noel Bautista, 33, was tagged suspect, the police added. According to police investigators, Perez was on duty in the area when he was stabbed by Bautista using a broken beer bottle around 9:30 a.m. on May 11.last_img read more

Lady Trojans Split Matches At JC

first_imgEC varsity & JV volleyball traveled to Jennings County on Saturday 9-26. Varsity went 1-1 on the day losing to Terre Haute North in 5 and defeating Jennings County in 3.It was a tough loss against Terre Haute North. It went 5 and all the games were long. The girls never quit and played great volleyball as a team. That has been a big focus for us in recent weeks. We needed to go back to playing as a team and we are starting to see more and more of that. It was hard to lose that match because we fought so hard, but we showed a lot of resilience and can take a lot from it.The girls bounced back well and found a way to win in 3 against Jennings County. Some of our veteran players really stepped up and showed the confidence and poise they’ve had since day one. It was a great team win.Varsity is now 14-11 on the season.Next up- all 3 teams face Milan on Thursday at EC at 5pm. This is our annual Dig Pink game, so come out and support the girls and the cause!Courtesy of Trojans Coach Cassie Laker.last_img read more

Sunman man injured in Dearborn County crash

first_imgDearborn County, In. — A two-vehicle crash injured a Sunman man over the weekend.Sunday at 3:41 p.m. police were called to State Road 48 at Possum Ridge Road. A car driven by Samuel Gabbard, of Aurora, failed to stop at the intersection and drove into the path of Lonnie Hickey, of Sunman. The impact caused the Hickey vehicle to roll several times.Hickey was flown to University of Cincinnati Hospital. His condition is not known.The accident remains under investigation.last_img

Lampard could face West Ham

first_imgFrank Lampard has an outside chance of recovering from injury ahead of Manchester City’s visit to another of his old clubs West Ham on Saturday. Press Association Meanwhile, it has emerged that Manchester City’s new state-of-the-art training centre could be used by Lampard’s club New York City FC for a pre-season camp in January. That could benefit City by allowing the midfielder to extend his loan spell at the Etihad deeper in to the new year than was first envisaged. The new MLS franchise is part-owned by City’s owner Sheikh Mansour and the new Etihad Campus in Manchester, built at a cost of £200million, is one of a number of options for New York City as a base for pre-season training. Sources say that Lampard’s loan spell will play no part in any decision of the venue for the training camp, however. Lampard was voted City’s player of the month for September by fans and has scored a number of important goals for the club. He also won a penalty against Tottenham last weekend. City boss Manuel Pellegrini said last week he was not surprised by how well Lampard has been performing. “For me it is maybe not a surprise because I know his quality,” said the City manager. “When you are the age of Frank Lampard you are not able to play three games in a week but when you have so great a player, you can resolve a lot of problems that we have during the game and I think that Frank is doing these duties at this moment. I am very happy with him.” center_img The 36-year-old missed the Champions League trip to CSKA Moscow after being carried from the field on a stretcher against Tottenham last Saturday, but his injury is not a serious one. It is understood he remains a doubt for the West Ham game with a thigh muscle injury but if he does miss the match he should be back for next week. last_img read more

CDC Bans Cruises in U.S. Waters Until October, Due to Outbreaks

first_imgIf you were hoping to set sail in the coming months, you could be out of luck.The Centers for Disease Control and Prevention (CDC) announced Thursday that it has banned cruising in U.S. waters until at least Oct. 1, due to the COVID-19 pandemic.The agency extended its no-sail order for cruises, which was set to expire July 24, for the second time in recent months, amid continued virus outbreaks on cruise ships.Companies that are members of the cruise industry lobbying group Cruise Lines International Association, including Carnival Corp., Royal Caribbean Group, Norwegian Cruise Line Holdings, MSC Cruises, Disney Cruise Line and Virgin Voyages, had already cancelled all of their sailings through at least Sept. 14.Meanwhile, Bahamas Paradise Cruise Line had cancelled its cruises through Aug. 28.Looking back at past adventures always brightens our day. What are some of your favorite vacay memories? Share your #TBT pics with us in the thread.: Erik C. pic.twitter.com/IXAh6oqdkc— Royal Caribbean (@RoyalCaribbean) July 16, 2020 Although the last cruise passengers disembarked in early June, thousands of crew members are still awaiting repatriation without pay.In addition, some crew members are still contracting COVID-19 on board.Since March 1, cruise companies have reported a total of 2,973 COVID-19 or COVID-like illnesses to the CDC on cruise ships in U.S. waters and 34 COVID-19 deaths, according to the agency.About 1,000 of those confirmed and suspected cases, and one of the deaths – a crew member on the Disney’s “Wonder” ship – have occurred since June 23, according to records.The CDC clarified that the confirmed and suspected cases were part of 99 outbreaks on 123 different cruise ships.According to U.S. Coast Guard data, there are 67 ships in and around U.S. waters, with 14,702 crew members onboard, as of July 10.last_img read more

Cricket News As players you have to respect team management’s decision, says Karun Nair

first_img“It’s just the way it is. The team management and everyone else make their decisions and you as players have to respect it and move forward with that. All I can do is let the bat do the talking. You still want to be at that stage, you want to be experiencing those moments, you want to be a part of that,” Nair said.When asked about his lack of opportunities at the highest level, Nair said, “As professional cricketers, we have to make sure that we have a job on our hand on the day and obviously, once the day is over, you can go back and reflect on what has happened. But during the game, we are solely focused on what’s happening in the middle and we are focussing on the job at hand.”ALSO READ: Exclusive | We have game plan for Virat Kohli: Jason HolderHowever, Nair is focused and positive and looks forward to the future.”For me, it’s not very difficult to motivate myself,” he said, adding, “I want to keep getting better every day and that was the case whenever I was in the team – be it fitness, be it my batting or be it my fielding. All the time I was just trying to improve my skills. Obviously, I want to get an opportunity soon, I want to get a big score soon, I am very hungry for that and everyone knows that only two people (Indians) have got a triple hundred. I am one of them. I don’t have to prove anything to anyone … all I want is to get out there and I am as hungry as ever to do it again,” said Nair.”All I want is to get out there and I am as hungry as ever to do it again,” he added.ALSO READ: West Indies tour of India: Complete Schedule, Fixtures, Timings, VenueKarun Nair was a part of the Indian Test team in England for all five games, but Hanuma Vihari, who joined the team for the last two games, got the nod to make his debut at the Oval and scored a debut innings 56 and took 3 wickets in the second. New Delhi: The Board of Control for Cricket in India (BCCI) have announced the 15-man Test squad for the two-match Test series against West Indies starting from October 4, and one name that is missing from the list is of Karun Nair, only the second Indian to score a Test triple century and a player who have been enjoying rich form for some time now. However, Karun Nair feels it’s the right time to stop talking about the unique milestone and look what the future beholds for him.The 26-year-old has represented India in three Tests but since the unbeaten knock of 303 in Chennai against England in December 2016 – opportunities have been less for Nair, despite joining Virender Sehwag in the elite list of Indian batsmen to have scored a triple ton.”It’s been two years already and I think it’s time we moved on. The past is gone and we have to look ahead to what’s ahead; I don’t think it should be a disadvantage at all. For all, it can only be an advantage, people know what I can do now, and I don’t need to prove it to myself or to anyone that I can score runs at the international level because I have done it before. That kind of self-confidence I have, and I don’t need to prove it to anyone,” Nair told Cricbuzz before India’s 15-man squad for the home Tests against the Windies was named on Saturday, 29 September.ALSO READ: India vs West Indies 2018: 2 players who deserved chance in Test squadHowever, Nair’s name was missing from the 15-man squad list as his last match remains against Australia in Dharamshala in March 2017, where he score only 5 runs and got the opportunity to bat only in a single innings as India mauled the Aussies by an 8-wicket win. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

FIH coach Shiv Jagday conducts hockey clinic in Guyana

first_imgFIH hockey coach Shiv Jagday visited Guyana from June 7 to 20 to conduct two weeks of hockey training for coaches, nationals and junior players.While Jagday hails from India originally, which is a powerhouse in the sport from inception of international competition, he has plied his trade mostly in Canada for the past 40 years.According to a Guyana Hockey Board (GHB) release, after a successful stint in the 1980s as the Canadian men’s national team coach where he led Canada to their most successful international period of two Olympic appearances, two World Cups and two Pan American gold medals, Jagday branched out into developmental coaching worldwide.His first such assignment was to Guyana in 1988 at the invitation of Chris Fernandes, the-then president of the GHBl.Coach Shiv, as he is called by everyone, has since visited Guyana five times to conduct Olympic solidarity courses which have impacted on many of the country’s national players of the recent past.Jagday undertook the responsibility of the USA junior national programme from 1998 to 2005 before developing two training academies for hockey in California and Vancouver.He also spends his time in Melbourne, Australia and Punjab India where he has helped to establish a regional training institute that has seen nine players from Punjab selected for the current Indian national team. With Jagday now being semi-retired, he made contact with the GHB to offer his services for free in his effort to give back to the sport.This was an offer that the GHB could not refuse as it is difficult to secure the expertise of a top quality coach in this part of the world without a substantial cost.Among the topics covered during his two-week stay here in Guyana were core basic skills like Stance, Footwork and First Touch in addition to Passing and Receiving, Running with the ball, Triangle play, Team concepts and using Mini Hockey as a tool to develop the game in segments.Fifty boys and girls between the ages of 13 and 19 years attended the junior sessions while thirty-five coaches attended the coaching sessions.President of the GHB, Philip Fernandes, was high in praise of the training programme run by Shiv and considers it of great value to Guyana’s hockey. When Jagday first came to Guyana, Fernandes was the junior national hockey captain and considered Jagday’s teachings to be invaluable.Fernandes indicated that the GHB is in discussions with Jagday about making his visits an annual feature on the hockey calendar with a long-term plan for developing even stronger junior and senior teams in four years’ time.Upon completion of his two-week training clinic, Jagday commented, “There is so much natural talent waiting to be groomed in the correct way.“As I said since my first visit, there is great athleticism, intelligence and adaptability among the Guyanese athletes. They just need more discipline, structure in sport and in life and to develop a routine where training is concerned. The attitude cannot just be to train whenever the mood suits.”Jagday indicated that he enjoys Guyana every time he visits and mentioned the beautiful climate and hospitable people as being two of the main reasons he has chosen to return to Guyana.last_img read more

USC prepares for rematch with Stanford

first_imgFor head coach Clay Helton and the USC Trojans, a fall from here would be a long way down. Being named Pac-12 South champions to the tune of trouncing rival UCLA caused the teams’ spirits to be immensely high during practice Tuesday as they prepared for the game against No. 7 Stanford and a chance at the Rose Bowl.USC Athletic Director Pat Haden minimized the potential impact by labeling Clay Helton as the permanent head coach Monday.“Besides marrying my wife and the birth of my children, this was the most special moment of my life,” Helton said. “This is the pinnacle of college football and to have the responsibility to lead it is not only the greatest challenge but also the [most] exciting thing that has ever happened to me. And I look forward to that opportunity.”Haden and assistant coaches agree that in a season defined by changes since the dramatic departure of Sarkisian, Clay Helton has been the one constant that players have relied on, trusted and needed. And among  all of the subsequent emotions and confusion, offensive line coach Bob Connelly said that the players bought into Helton’s philosophy of playing as a family. Helton has preached that no one outside of USC’s locker room could understand what they were going through and that if they were going to survive, they would have to do so together.“In my opinion, there is not a better guy out there for the job obviously when you look at the response of our football team after it was announced by Haden,” Connelly said. “To me, it doesn’t matter what is on the outside. What matters is the inside, and when those kids have the belief that they have for him, there is going to be something special. He is a phenomenal man and phenomenal leader. He is a great football coach, so I could not be happier for him or more proud to be a part of his staff.”Much of USC’s success since Helton became the interim head coach has largely been attributed to the dominant play of the offensive line. Connelly says that his line has been encouraged by Helton’s mantra to run the ball and control the time of possession while doing so, which was evident against UCLA where USC had 40 minutes of possession time and rushed for 235 yards.“When you are an offensive lineman and you are put in that position in a game like that — that is a prideful thing,” Connelly said. “Absolutely, they are excited about that, and they were very thankful that they are able to execute that game plan. There is no better feeling as an offensive line coach than when you are in a situation like we were in last week where you have to control the ball, keep them off the field and kill the clock.”Su’a Cravens agrees that the family mentality that Helton has instilled within the team has translated into its plays on the field. He said that players feel more accountable for their individual actions for the betterment of the team and not themselves, which was evident in their defensive performance against UCLA. Cravens said this week that they are going to have to do the same, plus make their tackles, if they are going to slow down the “extremely athletic and physical” Christian McCaffrey and Stanford. Cravens compared McCaffrey to USC’s Adoree’ Jackson in that he is so versatile and dangerous with the ball in his hands. Like Jackson, Cravens noted that McCaffrey is a threat to break away and score at any position on the field but added that McCaffrey is more physical and has the ability to also run the ball inside, and they are going to have to gang-tackle if they are going to bring him down.“I think we are just a better team all around since the last time we played them,” Cravens said. “We know our play book and we know the guys that we are working with and we trust each other after all the experiences. There were a lot of problems in the beginning of the season where we didn’t trust each other and we were trying to do somebody else’s job and make a big play instead of just trying the system and the game plan.”Helton admitted he is not a person who is going to change, saying that the keys to defeating Stanford will be running the ball, stopping the run and winning the turnover battle as it has been all season long. But he added that today’s practice was focused on being more efficient on first and second down on both offense and defense in order to get into the third and short yardage situation so that they can extend the drives and time of possession. Helton said that third down and long situations make the team one-dimensional and expose the quarterback, but that if they can run the ball effectively to begin the series then they can open up the play action and free up receivers downfield for big plays.Though USC lost in its first meeting against the Cardinal at the beginning of the season, Helton said that his team has changed tremendously, as they have learned to play more physical and inspired football. In that game, the USC offense watched helplessly from the sideline as the Stanford offense marched down the field controlling the line of scrimmage with an aggressive rush attack and the time of possession in the fourth quarter.“I think that we have just got to be disciplined if we want a better shot at beating Stanford,” Cravens said. “Physicality is going to be a huge part of this game. I think that is why they beat us in the fourth quarter last time we played. They averaged like six or seven yards a carry. We have really got to stop the run. I think that we have shown that we can now.”last_img read more