​FSB climate task force pushes for real-asset transparency

first_imgPension funds will be the subject to a climate disclosure framework being drawn up by a group convened by the Financial Stability Board (FSB).The Task Force on Climate-Related Financial Disclosures (TCFD), chaired by US businessman Michael Bloomberg, also said it would look to enhance the disclosure framework for unlisted asset classes, including real estate and infrastructure.Initially convened to design a consistent disclosure framework for listed companies to benefit institutional investors, the TCFD has now said it will also look at “effective” reporting by the financial sector.Publishing its first report since being announced at the UN Climate Change Conference in Paris last year, the TCFD noted the “growing demand for decision-useful climate-related information” by financial market participants, which it said had led to a proliferation of different disclosure frameworks. However, the report added that the information resulting from the numerous frameworks was often inconsistent and incomparable, acting as a “major” obstacle to considering climate-related risks as part of the investment process.“Evidence suggests the lack of consistent information hinders investors from considering climate-related issues in their asset valuation and allocation processes,” it said, citing a paper published by consultancy Mercer last year.Outlining areas on which its final report, due by December, would focus, the TCFD said it would examine the role of larger institutional investors, and included pension funds in its list, which also named insurers and asset managers.It said the comprehensive list of stakeholders would ensure all parts of the credit and investment chain were covered.The report also said it would look at opportunities to improve the climate-related disclosure for real estate and infrastructure but also debt and other non-equity asset classes.Stephanie Pfeifer, chief executive of the Institutional Investors Group on Climate Change (IIGCC), welcomed the phase 1 report.“In the light of the Paris Agreement, investors need better disclosure on how companies are adapting to this new policy framework, as well as the physical impacts of climate change,” she said.“We strongly support the focus on more standardised disclosures and forward-looking quantitative and qualitative information.“This will help investors better assess and address carbon risk in their portfolios.”The focus on climate-related disclosures by infrastructure projects is also likely to be welcomed by the EDHEC Infrastructure Institute-Singapore, which is developing an investible benchmark for the asset class.During the recent EDHECInfra conference in London, several participants cited the need for further research on climate-related disclosures and said EDHEC research chairs would examine the social and environmental outcomes of infrastructure projects.,WebsitesWe are not responsible for the content of external sitesLink to ‘Phase 1’ report published by TCFDlast_img read more

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England Golf staff pick up the pace with Speedgolf

first_img Speedgolfers are actually allowed to use up to seven clubs but tactics call for consideration of whether to take a bag or to carry fewer clubs by hand.  To find out more about Golf Express visit www.golfexpress9.org It turned the spotlight on the more athletic format which combines running and golf. England Golf partners British Speedgolf through its Golf Express campaign, which encourages busy people to play more often. It turned the spotlight on the more athletic format which combines running and golf. England Golf partners British Speedgolf through its Golf Express campaign, which encourages busy people to play more often, and during September it will be promoting this and other shorter and quicker formats of the game.  The prospect of Golf Express Month encouraged England Golf Chief Executive Nick Pink to put on his running shoes and gain firsthand experience of the Speedgolf. “I thought it was great fun. There were parts I had not really considered, like how to hold the bag whilst running, but for the first few holes I found that I actually played ok as I was not thinking about golf, just breathing. The challenge came as I got tired and the legs no longer moved!  “There was plenty of chat afterwards and a real sense of camaraderie which bound the group together. I liked this side of it and can see Speedgolf spreading and being successful for those who want to combine playing with fun and fitness.” Benians (pictured left with Nick Pink)  took slightly longer to play the course, but used fewer shots for his score of 59.11. Flint remarked afterwards: “Next time I would try and take more time on and around the greens – a few more seconds to save a few more shots.”  He shot round the nine holes in 23min 37 secs and took 43 strokes for a combined 66.37 Speedgolf score – and was beaten only by one experienced player, Chris Benians, a PGA professional and former European Tour player, and the runner up in last year’s British Speedgolf Open Championship. He was among eight staff volunteers who joined the Speedgolfers (pictured bottom) and England Golf’s Participation and Club Support Director, Richard Flint, (pictured top) gave the experienced players a run for their money. Young People Manager Lee Dolby used the experience to successfully reignite his love of running after a gap of five years. “I really enjoyed it. I thought that it might be a bit boring and lonely running on my own as I don’t like playing golf on my own or even practicing in the range, but I really enjoyed the balance between speed and accuracy.” Men’s Performance Manager Steve Burnett added: “I like running and golf so really wanted to give it a try and I was first on the list. I also liked the idea of just using one club and having lots of opportunity to be creative. I looked forward to the challenge, gave it a real go and really enjoyed it. I’d definitely do it again!”  England Golf staff picked up the pace when a Speedgolf demonstration was held on the Bracken course at their Woodhall Spa HQ in Lincolnshire  It turned the spotlight on the more athletic format which combines running and golf. England Golf partners British Speedgolf through its Golf Express campaign, which encourages busy people to play more often.center_img To find out more visit the British Speedgolf website or watch the British Open Speedgolf Championship at Piltdown Golf Club, East Sussex on 17 September. Tags: Golf Express, Speedgolf, Woodhall Spa The Speedgolfers and England Golf volunteers are pictured below. (Images copyright Leaderboard Photography) Speedgolf has introduced a new pairs format to add a social dimension to the game. Each player takes alternate shots but run together, always behind the ball, so the slower player sets the pace. The volunteers took part for a range of reasons. “I like combination sports and trying to keep fit,” said Finance Director Simon Wilson. “I am not a good golfer and I am coming back gently into running after a long injury so I was not bothered how I did, but I wanted to gain some fun out of it and I certainly did that!” Membership Marketing Manager Sam Czornyj is looking to the future with Speedgolf: “At some point in the future when my partner and I start a family, SpeedGolf will become a great asset for still playing golf, staying healthy and balancing my family life when otherwise it might be difficult to justify five hours away at the weekend!”  23 Aug 2017 England Golf staff pick up the pace with Speedgolf last_img read more

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Leafs stop Bruins 6-2 to increase lead in Murdoch Division to four points

first_imgThe 8-3-1-2 Storm open the three-game road trip Friday in Chase against the Heat.Saturday’s game is the 11th of the month for Nelson, which is 7-3 in October with one game remaining.The contest against the Storm concludes a six games in nine day stretch for the Leafs.Grand Forks is back at home Friday hosting Beaver Valley before travelling to Creston Saturday to meet the Thunder Cats.ICE CHIPS: The Leafs traded center Matti Jmaeff to Creston in exchange for defenceman Kyle Wilkinson. In 10 games with the Thunder Cats the Prince George native had 3 assists. Jmaeff, who came to the Leafs last season from the Cats, had seven points for Nelson since returning from Junior A. Wilkinson turns 18 Tuesday. The Nelson Leafs increased its lead in the Murdoch Division to four points by stopping the Grand Forks Border Bruins 6-2 in Kootenay International Junior Hockey League action Thursday night in the Boundary City.The win was the fourth straight for the Leafs, all against Murdoch Division opponents.Dustin Reimer, Bryce Nielsen, Carsen Willans, Damin Devlin, Colton Schell and Blake Arcuri scored for the Leafs.Nelson, 10-5-1-0, held period leads of 2-1 and 5-2.Nelson returns home Saturday to meet the Kamloops Storm at 7 p.m. in the NDCC Arena.last_img read more

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