European 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.
Donegal manager Jim McGuinness is said to be furious after being accused of “abuse of players” after asking a player to line out during his college exams.Dublin City University student and Donegal player Martin McElhinney got injured while warming up for a challenge game against Monaghan yesterday.McElhinney had been given time off for DCU’s game against Meath in the O’Byrne Cup because of upcoming exams. However he was called up to play for Donegal instead and picked up an ankle injury in Clones.DCU manager Niall Moyna has now accused McGuinness ofMoyna told RTÉ Radio: “Martin is in the middle of his examinations at the moment. I spoke to Martin this morning before we left, but I only found out at 5:15pm that the management team at Donegal demanded that he go play a challenge game against Monaghan today.“What annoys me is not so much that he had to play the game, but that it is in the middle of his examinations when we have purposefully given him time off. So he lost the whole day, went up to Clones, and turned on his ankle in the warm-up, and we didn’t have him tonight. “He wouldn’t have played tonight [for DCU] if we known he had played today [for Donegal], and I think there is something wrong there. We talk about player welfare and that is abuse of players.“I understand the pressure that inter-county managers are under, but to ask a player to go play a game the same day they knew he had a semi-final that evening and in the week that he is studying for his exams is an important issue that needs to be addressed.”Moyna wants GAA officials to look further into the issue of player welfare and wants to speak to McGuinness about McElhinney’s selection.“I didn’t get the chance [to talk to Jim McGuinness] and I would like to. Martin was extremely upset and really the players are a pawn in this. Martin McElhinney hasn’t signed a contract with anyone.“I don’t own him and Jim McGuinness does not own him. He is an amateur player, playing in an amateur organisation, trying to get an education and we should be facilitating that.” McGuinness is understood to be furious by Moyna’s reaction.“Jim McGuinness played a lot of student football and knows the demands on college players“He would never have put a player in a position that they thought they had to play. He’s is outraged by Moyna’s comments,” said the source.MCGUINNESS FURIOUS OVER CLAIMS THAT HE ABUSED PLAYERS was last modified: January 22nd, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegalJim McGuinnessMartin McElhinney