Pension funds ‘have purest approach to long-term investment’: PensionsEurope

first_imgEuropean pension funds have provided some straight-talking feedback on recommendations made by an advisory body to the European Commission on sustainable finance.In trade body PensionsEurope’s submission to the consultation by the High Level Expert Group (HLEG), it said “pension funds have the purest approach to long term/sustainable investment”.“Sustainability is already and by definition has been an integral part of pension funds’ risk-return decisions,” the organisation added, voicing support for the Commission’s “ambitious” agenda on sustainable finance.The consultation asked respondents about various aspects of the HLEG’s recommendations. On green bonds, PensionsEurope advocated that standardisation should be based on the Green Bond Principles, an industry initiative. It said that an explicit connection between the proceeds of a green bond and the environmental, social and governance policies of the issuer was needed.Regarding infrastructure, PensionsEurope pushed back somewhat on the HLEG’s idea of creating an organisation for developing infrastructure projects and matching them with investors. The focus should be less on match-making and more on building out on the European Investment Advisory Hub, an investment support service formed by the Commission and the European Investment Bank.On the much-discussed issue of long-term investment, the trade body said policy horizons needed to be longer.“The EU and the member states should provide for a good investment climate, stable pricing/tariffing (on pricing and subsidies) and a stable policy framework in order to provide long term investors with certainty,” it said.Securitisation got PensionsEurope’s support as a means of gaining long-term exposure to, for example, European project finance, including wind and solar projects, thereby helping institutional investors support green energy.Regulators could promote a concept of green securitisation, said the organisation, in keeping with the HLEG’s recommendations.A theme running through PensionsEurope’s submission was that sustainable finance also needed to recognise the importance of social stability, and not just environmental issues.last_img read more

Starting quarterback to remain a mystery until Penn State game

first_img“We don’t know what we’re getting,” Hunt said. For Hunt, the redshirt sophomore, and Allen, the graduate transfer from Oklahoma, it leaves them in a unique position. On Monday, ESPN reported that the Orange is one of four teams that is not expected to name a starting quarterback until the day of its first game. When Syracuse arrives at MetLife Stadium on Aug. 31 to face Penn State its quarterback will be a mystery to all outside the program. Scott Shafer doesn’t plan on revealing his starter until that day. “I wouldn’t care if it was Saturday morning or today because you work so hard and you prepare like you’re the starter no matter what position you are,” Hunt said. “If you’re second string, first string, you just prepare and when your time comes, you’re ready.” So why let Penn State know what Syracuse has to show? — That’s Shafer’s thinking. Shafer said on Monday that there is a bit of separation, but even when he and the coaching staff reach a verdict, he won’t make it public. He wouldn’t even say when he hopes to have that decision made. Allen and Hunt will likely know before that Saturday, but neither quarterback was concerned about when he’d find out. “Why give anybody an advantage?” Shafer said, pounding his fist on the podium. “To me I just wouldn’t understand it. It’s just me. If it gives them one more practice to play against something they think one kid can do compared to the other, why give them that advantage?” Comments Facebook Twitter Google+ Every practice makes a difference, so Shafer will hold tight to as much information as he can for as long as he can. “I approached every day as if I was a starter,” Allen said. “I prepared every day in the film room and I prepared every day on the practice field in order to be ready because there could’ve been an injury, a sudden change of plans. Somehow I needed to be ready.” PSU was not reported as one of the teams that will wait until opening day to make a decision, but it’s hosting a tight quarterback competition, too. Allen spent four years with the Oklahoma Sooners learning how to handle a situation like this. He was likely never going to pass Sam Bradford or Landry Jones for the starting job, but he was always there in case something happened. The quarterback competition, which is down to Drew Allen and Terrel Hunt, has run neck-and-neck through the entirety of training camp with both signal callers splitting reps with the first team almost completely evenly.AdvertisementThis is placeholder text While a potentially frustrating position for the quarterbacks, it is one that makes sense: There’s no need to give the Nittany Lions an extra advantage. “We don’t have to play until the 31st, so the final decision won’t truly be made until we step on that field,” the head coach said. Of course, at OU he was an injury away. At SU it’s a 50-50 competition. Published on August 19, 2013 at 9:26 pm Contact David: dbwilson@syr.edu | @DBWilson2 “I don’t want to tell half-truths,” Shafer said. “So we’re going to do the best we can to put that position together for the 31st.”last_img read more

AFCON 2019: Ivory Coast warm-up with win over Zambia

first_imgIvory Coast recovered from conceding an early goal to beat Zambia 4-1 on Wednesday in their final warm-up match for the 2019 Africa Cup of Nations in Egypt.Jonathan Kodjia and Jean-Michael Seri scored in Abu Dhabi to give the Ivorians a 2-1 half-time lead after Fashion Sakala had converted a penalty for Zambia.Maxwell Cornet increased the lead on 57 minutes and a late goal from Wilfried Bony completed a morale-boosting win for the former African champions.Ivory Coast had defeated the Comoros and lost to Uganda in their other warm-up matches for the tournament, which kicks off on Friday with Egypt playing Zimbabwe in the opening match in Cairo.Zambia, the 2012 champions, failed to qualify for this newly expanded Nations Cup but have played in a number of warm-up games.They lost narrowly to defending champions Cameroon and defeated Morocco before facing the Ivorians. The Elephants will play in Group D in Egypt alongside Morocco, South Africa and Namibia.last_img read more

Massa’s back as Uganda Cranes tame Slovakia 3-1

first_img21 January 20172017 AFCONEgypt – UgandaPort-Gentil, Gabon 11 January 2017FriendlyIvory Coast – UgandaAbu Dhabi, United Arab Emirates UGANDA WINS TOP AFRICA AWARD (click to read)Team A: Robert Odongkara (Goal keeper), Nico Wakiro Wadada, Joseph Ochaya, Timothy Dennis Awanyi, Hassan Wasswa Mawanda, Geofrey Kizito, Tonny Mawejje, Moses Oloya, William Luwagga Kizito, Faruku Miya, Muhammed ShabanTeam B: Dennis Onyango (Goal keeper), Dennis Iguma, Shafiq Batambuze, Murushid Jjuuko, Isaac Isinde, Michael Azira, Yunus Junior Sentamu, Khalid Aucho, Geofrey Massa, Geofrey Sserunkuma, Godfrey Walusimbi 8 January 2017FriendlyUganda 3-1 SlovakiaAbu Dhabi, United Arab Emirates 6 January 2017FriendlySlovenia 0–1 UgandaDubai, United Arab Emirates Share on: WhatsApp 17 January 20172017 AFCONGhana – UgandaPort-Gentil, Gaboncenter_img Tunisian striker Naim Sliti in action against Uganda Cranes in their friendly. Tunisia won 2-0. PHOTO AFPRESULTUganda 3 Slovakia 1 (Oloya, Fiya, Massa)Captain Geoffrey Massa found the net for Cranes for the first time in over a year as Uganda, ranked 72nd in the world, tamed European side Slovakia (FIFA 25th) in an international friendly Sunday in Abu Dhabi.With the Nations Cup kicking off in a week’s time, the goal should herald a timely return to scoring for Massa, who last found the net for Cranes in a competitive match during the World cup qualifiers against Togo in November 2015.This was the third friendly in five days for newly crowned African Team Of The Year Uganda .Uganda Cranes were beaten 2-0 by Tunisia in their first build-up, beat Slovenia 1-0 in a closed door game on Friday, and for the first time in decades, faced a European nation ranked in the top 30 in the world. Uganda is ranked 72nd in the world.The Ugandan side are making a return to the Nations Cup Finals after 38 frustrating years. They last appeared in Ghana 1978.Uganda is grouped with Ghana, Mali and Egypt at the Nations Cup. Uganda vs SLOVAKIA LIVE#Amistoso ?? v ?? [ST 0-2] Moses Oloya adelantó rápido a @OfficialFUFA frente a @sfzofficial pic.twitter.com/Gd649qBl7C— Camino a Rusia (@caminoarusia) January 8, 2017 #Amistoso ?? v ?? [ST 0-2] @FaroukMiya aprovechó un balón suelto para el 2-0 parcial de @OfficialFUFA ante @sfzofficial pic.twitter.com/IuPlGEWpaS— Camino a Rusia (@caminoarusia) January 8, 2017Tweets about @OfficialFUFA 4 January 2017FriendlyTunisia 2–0 UgandaTunis, Tunisia 25 January 20172017 AFCONUganda – Malilast_img read more