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

JOY SPORTS 2015 AFCON DIARIES: Time with Tony Baffoe

first_imgFormer Black Stars defender Tony Baffoe  will  be the  central focus as  Joy Sports begins the  build up to the 2015  Africa Cup of Nations with the AFCON Diaries today from 7pm on Joy 99.7fm.Baffoe, who played the libero role in the Black Stars team at the 1992 edition of the tournament in Senegal, is now a FIFA General Co-ordinator – a role he played at the final of the Brazil 2014 World Cup.  Tonight’s show will focus on the current value of the AFCON tournament within the big picture of world football. Baffoe brings a wealth of experience to the table, having worked in various roles at the AFCON and FIFA-organised tournaments including the flagship World Cup.The growing importance or otherwise on the Africa of Nations in relation competing brands like EURO competition COPA America amongst others will be explored on the showThe Joy Sports AFCON Diaries will be  aired  on Mondays, Wednesdays and Fridays before the tournament and daily during the tournament. It will also feature big name players (retired and active) officials and reporters  from countries competing for honours at the tournament.Joy Sports exclusive and extensive coverage of the will be intensive across all platforms -TV, Radio and Online and proudly sponsored by Kenpong Travel and Tourslast_img read more

Penny on the money

first_img“Our pitching was unbelievable,” Garciaparra said. “Brad did a great job and Broxton and Saito finished it. They’re a good offensive team and to be able to shut them down, that’s huge.” It figured to be a big night for Rockies starter Jason Hirsh, who made his Dodger Stadium debut. Hirsh, who attended St.Francis High of La Canada and Cal Lutheran University and makes his offseason home in Burbank, fared well in his 2007 debut when he beat SanDiego last Friday. With supporters cheering from a club-level suite, Hirsh (1-1) did well early but got rattled in the third inning due to a combination of heads-up base- running and timely veteran hitting by the Dodgers. After Penny stranded sixRockies in the first threeinnings, the Dodgers scored three times in the third. The two-out rally started with consecutive singles by Pierre and Martin, who then executed a perfect double-steal in which Hirsh, oblivious to the runners leading off, could only hold the ball and watch. Garciaparra followed with a sharp single to right to score both runners. “I did a little bit of homework before the game,” Pierre said. “(Hirsh) held the ball longer than I expected. I thought I was hung out to dry but he was committed to throwing to the plate. … I’ve told Russ to pay attention when he’s on base behind me. Every time he gets on, I make eye contact and say, `Heads up.’ I really didn’t think he would go. When I slid and looked back and saw him slide, I said, `Wow.”‘ Garciaparra moved to second on a balk and scored when Jeff Kent singled for a 3-0 Dodger lead. “That whole inning was huge,” Garciaparra said, “and it allowed Brad to continue what he was doing and it gave him some breathing room.” It seemed that the Rockies might bury Penny early, in a 24-pitch first inning, but with the bases loaded, Matt Holliday struck out and Brad Hawpe grounded out. “I wasn’t missing by much,” Penny said. “I was right around the plate. I got out of it, and after that I was fine.” [email protected] (818) 713-3611 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Penny (2-0) walked the bases loaded in the first inning but cruised after that and helped himself with a couple of quality defensive plays. The Dodgers did all their damage offensively in the third inning, when Juan Pierre and Russell Martin executed the perfect double-steal and Nomar Garciaparra drove them in with a two-run single. Penny retired 11 consecutive batters until, with his 108th pitch, he hit Chris Iannetta with a pitch and was pulled in favor of Jonathan Broxton. Penny allowed two hits, walked four and struck out three. “The guy was outstanding,” Dodgers manager Grady Little said. “From the fourth inning on, he hit a groove and he kept getting stronger and stronger.” Broxton recorded five consecutive outs and Takashi Saito pitched the ninth inning for his fifth save. The Rockies totaled only two hits, and none after Garrett Atkins’ one-out single in the third inning. From a legal standpoint, brothers Charlie and Dick Monfort are the owners of the Colorado Rockies. It only seems as though Dodgers pitcher Brad Penny has held a proverbial deed on the franchise. Penny, given another chance to conquer the Rockies, wobbled early and struggled to locate his fastball, but ultimately tossed 6 1/3 shutout innings as the Dodgers won 3-0 in front of 35,852 at Dodger Stadium. Throughout his seven-year major-league career, Penny has made a hobby out of baffling the Rockies. Penny has an 11-2record and a 2.59 ERA in 17career games against Colorado. Thanks to a combination of solid pitching, a heady double-steal and timely defense, the Dodgers took two of threegames from the Rockies and have won six of their past seven overall. last_img