Transition Pathway Initiative consults on corporate bond analysis plan

first_imgOther questions identified by the TPI in the consultation document include how it might treat specialist bond issuance, such as green bonds, and assess or treat the use of proceeds, and how it might treat bonds with different timeframes.Launched in 2017, the TPI was established as a joint initiative between the Church of England national investing bodies and the Environment Agency Pension Fund (EAPF).The steering committee comprises representatives of asset owners who are significant sponsors of the initiative, including Swedish buffer funds AP1, AP2 and AP3, Westpath in Australia and the Universities Superannuation Scheme in the UK.TPI focuses on sectors that contribute most significantly to greenhouse gas emissions. To date over 300 publicly-listed companies across more than a dozen of these high carbon sectors have been analysed.Finance sector inclusion?The TPI does not currently cover the financial sector, but in its consultation document it asks for views on whether/how it might apply its methodology to that sector.The TPI’s corporate fixed income project is being funded by Brunel Pension Partnership, one of the UK’s local government pension asset pools, and Faith Ward, its chief responsible investment officer, is chairing the project. Ward worked at the EAPF, which is a member of the pool, before moving to Brunel.In a recent ‘State of the Transition’ report, TPI indicated that it planned to extend its assessment framework to include sovereign bonds, and to analyse the role investors and finance can play in supporting net-zero pathways for sectors such as aviation, shipping and cement. The Transition Pathway Initiative (TPI) is proposing to extend to corporate fixed income its analysis of how well companies are positioned for a low-carbon economy.The asset owner-led initiative is inviting comments on its plans until 14 May.It is proposing that the methodology for assessing the quality of companies’ management and their performance would be the same as for equity issuers, but has raised the question of whether some indicators might be less relevant to fixed income issuers, or whether additional indicators might be needed.It explains that as the TPI carbon performance measures are based on carbon intensity per unit of activity or production, rather than financial measures such as turnover, it considers the measures can be directly applied to fixed income issuers. It invites views on this assumption, however.last_img read more


High School Sports Teams Slated for Weekend Debuts

first_img Hugh BowdenExecutive EditorHugh writes editorials, covers Hancock County sports and helps out where needed in The American’s editorial department. When he’s not on the sidelines, he enjoys playing jazz and tennis. [email protected] Like he did in the ’60s, Noel Paul Stookey sings out in troubling times – December 27, 2017 1234567891011121314PreviousNext Latest Posts Marriner Cheney of the George Stevens Academy Eagles and Jake Hale of the Ellsworth Eagles try unsuccessfully to get their heads on the ball in preseason soccer action at Blue Hill on Saturday.ELLSWORTH — The golfers already have hit the links, thanks to their early start date, and hundreds of other high school athletes will take to the fields and courts Friday as the fall sports season officially gets started.Here in Hancock County, the football schedule will open with the Bucksport Golden Bucks traveling to East Machias to face the Washington Academy Raiders on Friday in a 7 p.m. contest.The Mount Desert Island Trojans will be on the road Saturday to face the Waterville Purple Panthers at 1:30 p.m.And the Ellsworth/Sumner team of RSU 24 will host the Bucksport junior varsity squad to open its first official high school club season next Tuesday at 5 p.m.This is placeholder textThis is placeholder textThe boys’ soccer season gets under way Friday with the Ellsworth Eagles hosting the Bucksport Golden Bucks in a 6 p.m. game and the MDI Trojans at home to the George Stevens Academy Eagles at 6:30 p.m.In volleyball, Bucksport will travel to Baileyville to face the Woodland Dragons Friday in a 6 p.m. match, while the MDI Trojans head Downeast to Calais for a 1 p.m. contest on Saturday.In other Saturday action, girls’ soccer gets started with the Bucksport Golden Bucks hosting the Ellsworth Eagles at 11 a.m.Both Deer Isle-Stonington varsity soccer squads will be on the road for their season openers against Schenck in East Millinocket with the girls playing at 11 a.m. and the boys at 1 p.m.In what is traditionally one of the larger cross-country meets of the season, the Ellsworth Invitational is set for 11 a.m. Saturday.For the first time in recent years, runners will compete on an all-new course laid out on the grounds and in the surrounding woods at Ellsworth High School.For those teams that don’t debut until after the long Labor Day weekend, next week promises to be a full one for all seven Hancock County high schools.From Tuesday through Saturday, there will be 37 varsity events and a significant number of junior varsity contests — in football, soccer, volleyball, golf and cross-country.Another high school sports season is under way.For more sports news, pick up a copy of the Mount Desert Islander. Latest posts by Hugh Bowden (see all) Bio GSA surges in 4th to win Northern Maine title – February 26, 2017 Is this the kind of government we deserve? – July 10, 2017last_img read more