Climate roundup: More providers anticipate EU climate benchmark rules

first_imgISS ESG has become the latest provider to anticipate the publication of final rules for new EU climate benchmark labels, having today said it has created a family of indices that stand ready to meet the specifications.The index names will be labelled as provisional pending the publication of the detailed rules – so-called delegated acts – consistent with requirements set out by the technical expert group (TEG) that has been advising the European Commission on sustainable finance.ISS ESG, which is the responsible investment arm of US proxy advisor Institutional Shareholder Services, claimed its new family of indices, which were created in partnership wth Solactive, “exceed TEG requirements by incorporating Scope 3 emissions from inception, ahead of the four-year phase in”.ISS ESG’s announcement comes after S&P Dow Jones Indices last week outlined a concept index aligned with the more stringent of the two EU climate benchmark categories, the Paris-Aligned Benchmark (PAB). It said it was on track to launch an index series that will align with the pending detailed rules and also said its product would “go beyond” them.This would be by way of using multiple approaches, including using backward and forward-looking Trucost analytics, and incorporating transition pathway models endorsed by the Science Based Targets initiative.MSCI was the first index provider to make a public move towards the new EU climate benchmarks, having in November announced the creation of two series of provisional indices.Read moreClimate benchmarks: Brown to greenIndex providers are making the first steps towards adoption of the new EU climate benchmarksMSCI puts its stamp on Carbon Delta risk modelMSCI has followed up on its recent acquisition of climate change scenario analysis specialist Carbon Delta with the launch of its version of a tool to help investors assess their exposure to climate risk.The MSCI Climate Value-At-Risk tool measures the impact of climate change on company valuations. It builds on Carbon Delta’s model of the same name with the addition of information contained in MSCI’s data sets.“The model took a big step forward,” David Lunsford, co-founder of Carbon Delta and now head of climate strategy and policy at MSCI in Zurich, told IPE.“We’ve taken data sets that are important and critical to the model and on top of that we’ve also improved some of our physical risk modelling.”According to MSCI, the new tool has four main applications for investors:how current and future climate policies will affect companies (policy transition scenarios);the strategic low carbon investments companies are making (innovation transition scenarios);the impact and financial risk relating to several extreme weather hazards;exact temperature value signifying what future temperature a company’s activities are aligned with.MSCI completed the acquisition of Carbon Delta in October. The focal point of its development of climate change risk analytics and tools is its climate risk centre in Zurich, which was the home of the then-Carbon Delta team.BMO engagement to prioritise climate change BMO Global Asset Management will be working with systemically important global financial institutions that are significantly exposed, through their loan book and underwriting portfolio, to climate change-related risks to encourage them to adopt stronger mitigation strategies.Climate change is its key engagement priority for this year in light of the COP26 meetings in Glasgow later this year, it announced this week.As part of this it will also focus on the phase-out of coal, marine transport, and sustainable food systems.Vicki Bakhshi, director in the responsible investment team at BMO GAM, said: “The next decade is absolutely critical to meeting this ambition. Global emissions need to peak and decline to keep the chances of meeting the Paris goals alive.“Waiting for action by governments is not enough – investors and corporates need to take bold and ambitious action.”The asset manager’s engagement programme for 2020 also includes responsible drug pricing, setting the appropriate living wage, and managing antimicrobial resistance.last_img read more

Team Queso enters two-year partnership with Razer

first_imgTeam Queso has entered into a two-year partnership with Razer which will see its players equipped with the Razer Phone, as well as peripherals and accessories.Team Queso is a Spanish organisation that competes exclusively in mobile esports titles.The Razer Phone was designed and manufactured with competitive gaming in mind, built with a high-spec processor and 8GB RAM for high performance. Team Queso currently competes in Clash Royale, Vainglory, Arena of Valor, and Hearthstone. Founded in 2017, the organisation already counted Gamerswalk, SuperEvil Megacorp, and Brillante as sponsors.Alvaro G. Buitrago, CEO, Team Queso said the following on his organisation’s latest sponsor: “We’re very excited to partner with Razer for the next two years as official gear supplier for Team Queso. Our organization was born in 2017 as the first mobile-focused esports team, and a few months later the Razer Phone was launched as the first smartphone designed for and by gamers. I couldn’t imagine a better match to foster mobile esports in the upcoming years.”Min-Liang Tan, Co-founder and CEO, Razer also discussed the partnership in a statement: “This partnership with Team Queso marks a new milestone in Razer’s rich history as pioneer of esports. Competitive mobile esports is what the Razer Phone was designed for and I look forward to seeing Team Queso’s players dominating the tournament circuit.”The announcement states Razer will also provide mice, keyboards, headphones, and mousepads for Team Quosa’s players.Esports Insider says: Razer is a big name in the world of esports, so it’s impressive that Team Queso has already acquired the company’s assistance for the next two years – especially when you consider they’ve only been competing for a year.last_img read more

Wellington Police Notes: Thursday, July 21, 2014

first_imgWellington Police notes for Thursday, July 31, 2014•3:09 a.m. Officers investigated domestic battery by known suspects in the 1200 block N. B, Wellington.•11:15 a.m. Officers took a report of found wallet in the area of Harvey and Poplar, Wellington.•12:18 p.m. Juvenile male, 16, Wellington was issued a notice to appear charged with speeding 43 mph in a 30 mph zone.•12:32 p.m. Officers assisted an outside agency in the 700 block S. Washington, Wellington.•9:05 p.m. Officers investigated a theft by a known suspect in the 1400 block. Michigan, Wellington.•10:45 p.m. Melody D. Smith, 55, Lamar, Mo. was issued a notice to appear for inattentive driving.last_img

Champs Watch 17 | The best single event

first_imgIn 2016, the boys’ Class One 100 metres was the most anticipated event at Boys and Girls Championships. Nigel Ellis of St Elizabeth Technical (STETHS), Raheem Chambers of St Jago High and Jhevaughn Matherson of Kingston College all had possible claims to the most sought after gold medal in the greatest secondary level championships in the world. Everybody was watching. Ellis won in 10.18 seconds and became the first STETHS boy to win the Class One 100m, ahead of Chambers and Matherson. A year later, with Ellis and Chambers both gone, Matherson is the early favourite in the same event despite the arrival of the last two Class Two champions – the Calabar High School pair of De’Jour Russell and Michael Stevens – in his age category. With that pair being brought along slowly by the Calabar coaching staff headed by Michael Clarke, there’s no buzz about ‘the 100m’ just yet. Instead current consensus on the best event at Champs this points elsewhere. If Champs started on February 18 and not March 28, the best event would be the Class Two 100 metres hurdles for girls. Four fine athletes have presented themselves as candidates for the three medals on offer. Brittany Anderson of Vere, last year’s Class Three 80 metres winner and record breaker, has already run faster than the Class Two record of 13.38 seconds. Shanette Allison, Holmwood’s former Class Three and Four gold medallist, and Ray-Donna Lee of Hydel are going so fast that some experts worry that reigning champion Dazsay Freeman of Manchester High will be pushed off the podium this time. Freeman hasn’t done too many hurdle races so far this season. While she’s been away, Anderson, Allison and Lee have been super. The compact Allison zipped 13.46 seconds at the Central Hurdles and Relays last month on the same day that Lee beat Anderson at the Wint/McKenley Classic at Calabar. That time by Allison broke the Central Hurdles and Relays record which was set by Peta-Gaye Williams who set the Champs record in 2013. Allison and Anderson ran 13.40 and 13.48 in different races at the Queens/Grace Jackson meet and when they met at the Youngster Goldsmith Classic, Anderson unleashed her run of 13.18 seconds with Lee at 13.51. Yet, when Lee met Freeman at the Western Relays last Saturday, they ran neck and neck to the finish with Lee getting the edge in 13.5 seconds. Freeman ran 13.69 seconds into a heavy headwind to take the gold medal at Boys and Girls’ Champions last year. Her close race with Lee will make the others know that she will be ready when it counts. In the meantime, the high quality in this year’s Class Two 100 metres hurdles makes the event the best event this time around. Allison, Anderson, Freeman and Lee, listed here alphabetically, present hope for the future as current World Champion Danielle Williams also won in Class Two, in her last year at the Queen’s School. Anderson and Freeman even have Williams’ long legged frame. Allison and Lee are smaller and fizz with speed. Perhaps, for one of them, the old Champs adage will prove true by giving fans a chance to see an Olympic champion in the making. – HUBERT LAWRENCE has attended Champs since 1980. UNLEASHEDlast_img read more