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


Hughes has confidence in Butland

first_img Press Association Stoke boss Mark Hughes is convinced goalkeeper Jack Butland has what it takes to reach the top despite shipping him off on loan to Sky Bet Championship strugglers Barnsley. “We picked ourselves up and performed well at Tranmere too. We are improving and the lads are playing in a confident manner. We will get better though, there is no doubt about that. “This is a big fixture for us. We have had a very difficult start to the season, so to have the points that we have on the board already is pleasing. Three more on Sunday would ensure a very good start for us.” Hughes has a doubt over Matthew Etherington who suffered whiplash in a traffic incident on Friday morning, but he is confident the midfielder will recover in time to line up on Sunday. Butland has failed to figure at the Britannia Stadium this season and Hughes believes the 20-year-old’s development will be better served by a three-month spell of guaranteed first-team action. Hughes said: “It was always our intention to get Jack Butland out on loan. “It was vitally important to get him out to allow him to continue his development. He is an outstanding young talent and someone we have incredibly high hopes for. “We will keep a close eye on him and he will come here on certain days to maintain the work he has been doing with us. “It is a good move for him and he will learn a lot from it. He has the potential to be the next England keeper.” Asmir Begovic will keep his place in goal for Sunday’s Barclays Premier League clash with Norwich with Hughes giving short shrift to Spanish media reports that he is wanted by Atletico Madrid and Napoli. Hughes added: “It doesn’t surprise me to see Asmir Begovic’s name linked with other clubs because he is an outstanding goalkeeper. I don’t know how much of it is just speculation though.” Hughes was delighted with the way his side bounced back from last week’s disappointing defeat at Arsenal with a midweek Capital One Cup win at Tranmere. And he believes victory over the struggling Canaries will constitute a fine start to the season for his side who were widely tipped to struggle this season following the departure of Tony Pulis. Hughes added: “We played very well against Arsenal. To go there and perform to the level we did was very encouraging for us. last_img read more


NBA All-Star weekend gives Clippers’ Chris Paul chance to reflect

first_imgFrom a Clippers perspective, All-Star weekend offered a chance to go their separate ways for a bit. Call it a cooling-off period after the 35-19 record they compiled was good enough for just sixth place in the rugged Western Conference. Much lower than anyone would have imagined going into the season.“To get a little bit of a break from each other, from the game,” Paul said. “And come back ready to play the second half of the season.”There are potentially bleak days ahead, with Griffin out four to six weeks and the Clippers’ defense still not showing signs of discernible improvement. Somewhere between last season and this season they lost their way a bit defensively. It’s absolutely cost them in the standings and it might very well be their undoing in the postseason.“I don’t know. I don’t know the answer,” Paul said frankly when asked the root of the Clippers’ defensive issues. “I just know we have to do better.”Still, there will be future days for Paul to address the state of the Clippers and a more subdued forum to discuss L.A.’s increasingly shrinking basketball influence. Newsroom GuidelinesNews TipsContact UsReport an Error Friday wasn’t that kind of party.In some ways, it was about Paul reconnecting with a significant part of his beginnings and a chance to reflect on just how far he’s come over the last decade.New York was the launch site of his brilliant college career at Wake Forest and Madison Square Garden the hallowed stage he climbed to play his first college basketball game.“I’ve got great memories of New York,” Paul declared, his audience a throng of reporters with accents ranging from Asian to Middle Eastern to Spanish, and every one of them hanging on to every word of a North Carolina-born and bred basketball junkie who’s grown up to be one of the best point guards of his generation.“It’s something you never take for granted,” Paul said.No matter what might be going on 3,000 miles away in Los Angeles — namely the Clippers’ struggles to put it together — this was a chance for Paul to breathe, recollect and appreciate. He’s 29 years old now, no longer the bright-eyed youngster who took the NBA by storm 10 years ago.He’s a husband now, a father to a young son and daughter. This is Paul’s eighth All-Star weekend, but any jaded attitude that might be setting in immediately fades upon seeing it through the eyes of his 4-year-old son.“That’s one of the coolest parts of all this, having my son with me to take it all in,” he said.He’s also the President of the NBA Players Association, if not an elder statesman of the game certainly approaching middle age. And while he’s still one of the fiercest gunslingers in professional basketball, some of the point guards he guns hardest for aren’t just opponents, they’re mentees and graduates of his annual basketball camp. Stephen Curry and Eric Bledsoe, two of the best young players in the NBA, are among the most prominent.“It’s crazy, but I guess it’s just me getting older,” Paul said. “Some of those guys, I’ve built long friendships and relationships with. But they know (it’s all business) once we get on the court.”Off the court, they know they can pick his brain about everything ranging from league matters to how best to taken in All-Star weekend.“My advice is to take plenty of pictures,” Paul said. “A lot of times, it’s the only thing you have to remember it by.”But while his 10 years in the NBA have added great wisdom and experience, if not mileage on his body, they haven’t eroded the love affair he has with a sport that lifted him out of the nurturing bosom of Charlotte, N.C., and delivered him to world super-stardom.Paul grew up idolizing Michael Jordan. Now he’s a friend and business partner of the NBA legend, his Jordan CP3 sneaker collection one of the most popular brands in Jordan’s legendary shoe empire.“Kind of crazy, being from North Carolina, being able to call MJ a mentor and a friend,” Paul said.If not also a driven, competitive businessman.“I’m always asking him about my shoes and my ideas and he’ll be like, ‘You trying to sell my shoes or your shoes?’” Paul said, laughing.There will be other days for Chris Paul to talk about the Clippers and what it will take to get things right.On Friday, it was a chance to breath, reflect and appreciate.center_img NEW YORK — There will be other days to talk about a season that hasn’t yet lived up to advanced billing. About how the Clippers have teetered between average and maddening and not exactly capable of soaring with the elite teams in the NBA.And when it comes to Chris Paul being the singular Los Angeles point man for All-Star weekend — teammate Blake Griffin is down with a staph infection in his right elbow and Kobe Bryant of the Lakers is out for the season with a torn rotator cuff — about the only thing more depressing than the fragile health of the L.A. hoops scene was a bitter cold front taking a major bite out of the Big Apple on Friday.It was only a few years ago that the West All-Stars were dominated by Los Angeles, with Paul and Griffin teaming with Bryant and Pau Gasol to form a decidedly L.A.-centric All-Star weekend.Those days are long gone of course. Hell, even Paul had to sweat out the decision of West coach Steve Kerr to add him as a reserve. Had Kerr opted for someone else, there is a good chance the City of Angels would have been shut out of this event for the first time in forever. last_img read more


Southland Conference Men’s Tennis Tournament Opens Friday

first_imgCORPUS CHRISTI, TEXAS – The 2019 Southland Conference Men’s Tennis Tournament begins Friday at 10 a.m. CT. at the Thomas J. Henry Tennis Center in Corpus Christi, Texas, hosted by Texas A&M-Corpus Christi. The championship is scheduled for 10 a.m. Saturday. No. 3 Incarnate Word (11-7, 3-2 SLC)The Cardinals follow up their regular-season title in 2018 with a second-straight tournament appearance since they were eligible for postseason play after completing their transition to Division I. Freshman Oliver Valentinsson impressed in his first year at UIW, earning first-team all-conference recognition at No. 4 singles with an unblemished 3-0 mark in Southland contests. The Cardinals were also represented on the all-league teams by duo Paco Bendana and Caleb Dyer, who snagged second team honors at No. 2 doubles. No. 2 Texas A&M-Corpus Christi Islanders (17-8, 4-1 SLC)Making their ninth-straight appearance in the Southland Conference tournament, the host Islanders are chasing a seventh-consecutive championship match berth and a fourth title in that span. A&M-Corpus Christi matched ACU with a pair of all-conference flights on both the first and second teams. A first-team selection at No. 2 singles, Francois Kellerman and brother Okkie also earned second team honors at No. 1 doubles. Francois Kellerman ended the year with a 4-1 singles record and a 3-2 doubles mark in conference play. In the regular season, the Islanders edged UIW 4-3 to spark a four-match win streak to conclude the regular season. No. 1 Abilene Christian (21-4, 5-0 SLC) The Wildcats make their second appearance in the conference tournament in as many years of postseason eligibility, coming off a clean sweep of both their regular-season contests and the league’s individual awards. Ranked No. 112 in the latest ITA Division I singles poll, senior Josh Sheehy ended the regular season on a seven-match singles win streak to finish 18-4 and a perfect 5-0 in league play. Akinori Wada took home Newcomer of the Year honors, while Dimitris Azoides was crowned Freshman of the Year. Rounding out the honorees is Coach of the Year Hutton Jones, whose ACU squad took five individual matches over nationally-ranked opponents and garnered six overall all-conference selections. In the regular season,  the Wildcats swept Nicholls 7-0. Four teams fight for the tournament championship with Abilene Christian heading into the tournament as the No. 1 seed following its first 5-0 finish in Southland Conference play. The Wildcats will face No. 4 Nicholls in the first round. Texas A&M-Corpus Christi enters the tournament as the No. 2 seed, facing No. 3-seeded Incarnate Word. No. 4 Nicholls (6-15, 1-4 SLC)After the Colonels had a six-year streak of appearing in the Southland Conference Tennis Tournament snapped last season, they return to the event in 2019 under head coach Greg Harkins. In the regular-season finale against Lamar, sophomores Nestor Giribet Lopez and Eduardo Marino battled back from first-set losses to clinch the final two points necessary for a 4-3 victory. The win leapfrogged the Colonels into the tournament.last_img read more