ESG integration helps returns, volatility: State Street survey

first_imgESG integration varied from those excluding certain categories of companies, to and investment targeting firms that score high on ESG criteria. The form of investors’ engagement was also included in the study.Although a significant majority of investors already applied ESG criteria in their investment process, the proportion of the investment portfolio subject to the criteria was limited. The research revealed that 44% of institutional investors had less than a quarter of their assets invested in this way, with 17% indicating it applied to more than half of their investments.State Street said it expected that the average proportion of ESG-integrated investments would increase to 40% in the coming years.The asset manager noted that investors planning to extend their ESG strategies were facing obstacles, such as difficulties in finding a benchmark and a lack of uniform ESG definitions and standards.Other problems included assessing asset managers’ ESG credentials, the costs of ESG integration, and a lack of in-house expertise.The survey included investors in the Netherlands, UK, France, Germany, the Nordics, Italy, and Switzerland.In separate research published this week, consultancy firm Cambridge Associates found that unlisted impact investment funds in asset classes such as timber, real estate and infrastructure could generate returns similar to those from funds without a specific environmental tilt. However, the research noted that fund selection was key to successful allocations. The report is available here.Last month, asset manager Hermes found a link between higher credit spreads and weaker ESG scores for corporate bonds. Integrating environmental, social, and governance (ESG) factors into investment policies generates strong returns and can dampen volatility, according to an investor survey by State Street Global Advisors (SSGA).SSGA questioned 475 institutional investors from around the world, and found that eight in 10 were satisfied or very satisfied with the returns from their ESG investments.In addition, State Street found that 69% of the respondents indicated that ESG strategies had assisted in keeping volatility in check.A majority of the surveyed investors said that they planned to increase their responsible investments.last_img read more

McCarter Pond Gets A New Lease On Life

first_imgBy John BurtonFAIR HAVEN – There will be life for McCarter Pond.The Borough Council has already taken steps to work on the pond, located on Fair Haven Road in the vicinity of Linden Drive, beginning this past spring, and more is in the works for the coming year, Mayor Benjamin Lucarelli assured.“We’re committed to a maintenance program,” for the time being, Lucarelli said. And in spring 2016, “We’re reopening the issue of dredging the pond,” the mayor added.Area residents became upset and concerned about the pond’s condition – as it has become overgrown with vegetation and an abundance of silt, to the point of possibly endangering the pond’s life – and went to a public borough council meeting.“At this point it seems many of the council are interested,” in doing the work needed to ensure the pond’s viability, said Gail Mura, a member of the Friends of McCarter Pond, said after attending the council meeting.Councilman Roland Wilhelm attended a couple of the group’s meetings at Mura’s home, offering his support, Mura said. Wilhelm did not immediately respond to requests for comment for this story.“I see where there’s a movement starting in town,” to save the pond, Mura added, “which is a good thing.”So far, based upon a report from the borough Environmental Commission and discussions with a contractor, Lucarelli said, some work has already commenced. The pond was treated with environmentally friendly chemicals/bacteria to help kill some of the duckweed and other vegetation has proliferated, especially of late. In addition, the borough installed three aerators, placed just under the surface. They “help maintain the oxygenation at the bottom of the pond” and for the water from the neighboring stream that feeds into the pond, according to Lucarelli.The next step will be dredging to remove the extensive silt, which has developed in the overall approximately three-foot deep manmade pond, Lucarelli offered. Silt, if not removed, would eventually rob the water of oxygen and ultimately the pond its life.Fair Haven residents have been concerned about the future ofMcCarter pond, which had become overgrown with vegeta- tion. Officials have begun treating the manmade pond, used for ice skating in winter and fishing in warm weather, with plans to dredge it in the near future. Photo: Marion LynchThe silt results from vegetation, mostly duckweed, that dies, sinks to the bottom and decays. “It turns into muck,” Lucarelli said. “And that is nature’s way to turn a pond back into a meadow.”Right now the vegetation is so thick that “ducks walk on top of it,” Lucarelli said.“The problem with dredging is that it’s a mucky, dirty process,” Lucarelli continued, and would require the removed fill to be hauled away or somehow used. The mayor suggested drying the silt, mixing it with clean fill and using it for what is called near-shore fill in the area of the pond’s bulkhead.The dredging has its cost. So far the borough has $335,000 penciled in, as a working amount, for the pond project. But the dredging could mean that cost could rise to about $500,000 in total, Lucarelli suspected.“If we can find a grant,” he added, “fantastic.”“There’s going to have to be a lot of work done, not just the dredging,” Mura acknowledged.But she is thankful that the project will be undertaken for the important traditional recreational opportunity here in the borough.“It is an intergenerational experience,” locally, featuring ice skating and hockey games when winter weather permits, Mura said.And, Lucarelli added, it is used annually for the borough’s fishing derby in the spring.This winter the borough Parks and Recreation Commission hopes to hold “Friday Night Lights” events, lighting the pond to allow for evening ice skating, Lucarelli said.The man-made pond was part of the McCarter estate, between Fair Haven Road and Buttonwood Lane. The estate was owned by Thomas McCarter (1867-1955), a prominent lawyer, who built it in the early 20th century. The pond measures 3 ½-feet deep across its length and was built for both ornamental and recreational purposes.There was even a time when local youth use to go swimming in it, Lucarelli offered.“It’s part of the identity of the town,” the mayor said. “That’s why I think it’s important to invest in it.”last_img read more

Yellow fever immunisation required for Asian, African entry into Guyana

first_imgFollowing the recent outbreak of yellow fever in Angola, several countries have imposed the requirements for vaccination against the disease for travel 10 days prior to arrival.Guyana, as a part of the Latin American region with risk of yellow fever is listed as one of the countries whose residents would be required to be immunised and issued with a yellow fever certificate prior to travel.With the presence of the vector that transmits yellow fever and an uncertain “salvatic” environment in the hinterlands, it is advisable that persons travelling from countries listed as endemic for yellow fever (mainly in Africa and Asia) should also be in possession of a valid International Certificate of Vaccination or prophylaxis on arrival in Guyana.The countries listed as endemic are mainly from the African continent and does not include countries in North America, Europe, Central America and the Caribbean.Yellow fever is a viral infection transmitted by a bite from infected mosquitoes, most commonly found in parts of South America and Africa. When transmitted to humans, the yellow fever virus can damage the liver and other internal organs and be potentially fatal.There is no specific treatment for yellow fever, but the symptoms can be treated while your body fights the virus. Headache, high temperature and muscle pain can be treated using pain relievers such as paracetamol or ibuprofen. Infected persons are urged also to drink plenty of fluids to avoid dehydration.Other symptoms of yellow fever include jaundice, nausea, vomiting and fatigue.Yellow fever kills 30,000 people globally each year. Yellow fever vaccination is typically administered only in areas where the disease is endemic.For further clarification, persons can contact the Public Health Ministry on telephone number 226-1560 or visit their office located on Brickdam.last_img read more

Intolerance Grows for Skeptics of Consensus Science in Spite of Data

first_img(Visited 22 times, 1 visits today)FacebookTwitterPinterestSave分享0 If you question evolution or man-caused global warming, be prepared for a smear.  If you are a Christian, be prepared for hate.  But the skeptics may have the facts on their side.Bill Nye was at it again (see 8/26/2012), smearing creationists on, arguing (again) that U.S. science is threatened by those who don’t embrace evolution.  He targeted Bible-believing Christians in particular.  According to AP reporter Dylan Lovan, “The man known to a generation of Americans as ‘The Science Guy’ is condemning efforts by some Christian groups to cast doubts on evolution and lawmakers who want to bring the Bible into science classrooms.”  No examples were cited: only the vague fear that “Nye, 56, also decried efforts in recent years by lawmakers and school boards in some states to present Bible stories as an alternative to evolution in public schools.”   Aside from the fact that academic freedom laws try to allow scientific criticisms of Darwin in science class, not the Bible, the article refers to Christian as believers in the Genesis account, ignoring the fact that many Jews and Muslims do also.  While strongly urging Christians to “question your beliefs,” Bill Nye appears unready to question his own.  In a photo, Nye is shown shaking hands with President Obama.  Some of the comments after the article are filled with unmitigated vitriol against creationists.Live Science took aim at Fox News, a cable TV news service that advertises itself as “fair and balanced” because (unlike its competitors) it presents both conservative and liberal viewpoints.  The headline shouts, “Fox News Climate Coverage 93% Wrong, Report Finds.”  The evidence cited by reporter Stephanie Pappas, though, consisted of little more than circular reasoning: “The researchers found that Fox News and the Journal were consistently dismissive of the established scientific consensus that climate change is happening and that human activities are the main driver.”  This is akin to a syllogism: “a. Everybody who is somebody agrees with me.  b. You don’t agree with me.  c.  You are not somebody.”  Ignoring specifics, Pappas referrred to “established science— in this case, the overwhelming body of evidence that human-caused climate change is occurring.”A look at the literature, though, fails to establish it as established science.  As seen in leading journals, scientists – even though they agree with the consensus – are often the very ones pointing out flaws in their models and doubts about the sweeping conclusions.Recently, for instance, the Editors of Nature (19 Sept 2012) warned, “Better models are needed before exceptional events can be reliably linked to global warming.”  Tying visible effects to the theory require “enormous research effort,” they said, considering the political and economic fallout that may ensue from claims that particular events or threats (“event attribution”) are of man’s doing.  At a recent workshop, “some speakers questioned whether event attribution was possible at all.”   Here’s how indecisive the evidence is: “One critic argued that, given the insufficient observational data and the coarse and mathematically far-from-perfect climate models used to generate attribution claims, they are unjustifiably speculative, basically unverifiable and better not made at all,” they said.  “And even if event attribution were reliable, another speaker added, the notion that it is useful for any section of society is unproven.”  How does that jive with the certainty Stephanie Pappas exhibited?  The editors of Nature, certainly a pro-warming fountainhead, had more subdued advice: “when communicating their results, scientists must be open about shortcomings in the models used.”  The editorial generated some lively comments.Just a week earlier, in a letter to Nature Sept 13, two scientists (who agree with the consensus) noted causes for public skepticism of the climate alarmists.  “The public-image problem of current models stems partly from scientists’ failures to identify the limitations openly,” they said, suggesting that the public is often given bold pronouncements without proper scientific caution.  “It is important to distinguish between questions for which current models are useful as prediction engines and those for which the models merely probe possibilities. The role of science is to reflect on the plausibility and relevance of such possibilities.”  Memories of fraud seem to have faded into the background.It’s not even clear that warming is bad.  “Rather than kicking off the expected cycles of extinction, periods of warming in Earth’s history were accompanied by increased biodiversity, according to a report published this week,” Nature News wrote.  The article hedged its bets that human-caused warming could be worse.  Such reports of significant past warming, though, such as the inference about climate from the redwoods in northern Canada kimberlite (9/19/2012) make it difficult for skeptics to get worked up about what is going on now.  The researcher was actually surprised by what he found: “given that climate change is generally viewed as disruptive, Mayhew admits it was a ‘big surprise” to find that eras of warming were accompanied by increases in biodiversity.’”  His out was to say that the current warming is happening too fast for nature to cope.  By the time that can be proven, however, we will all be dead from old age.In another example of surprise, researchers studied the effects of global warming on migrating cormorants (Gienapp and Bregnballe, “Fitness Consequences of Timing of Migration and Breeding in Cormorants,” PLoS ONE 7(9): e46165. doi:10.1371/journal.pone.0046165).  They didn’t find what they expected. They thought the birds would be disrupted by the climate shifts, but “the increasing selection pressure on timing seems to be unrelated to climate change as the climatic variables that were related to selection strength did not increase during the study period.”  They tossed the ball to previous papers in footnotes to allege that climate change has disrupted other organisms, but they did not find disruption in their own work.Researchers using a submarine in the North Sea expected to find methane reservoirs locked in ice to be coming loose as the climate warms, unleashing more of the  greenhouse gas that is more potent than CO2.  What they found, Science Daily reported, was that the submarine vents have been spewing out methane for centuries, long before the industrial revolution.  “[T]he fear,” therefore, “that the gas emanation is a consequence of the current rising sea temperature does not seem to apply.… the observed gas emanations are probably not caused by human influence.”Beneath the permafrost of Bylot Island in Canada’s arctic, dead leaves,  tree trunks and pollen tell of a time when a diverse forest thrived there, filled with willow, pine and spruce.  Can a frozen forest rise again?  Live Science reporter Jeanna Brynner investigated this fossil forest, said to be 2.6 to 3 million years old.  The actual wood is preserved, bearing tribute to a much warmer and pleasant past – a surprise, considering how the trees would have had to live in a land of the midnight sun and months of darkness.   Certainly man was not to blame for a significant climate shift.  And that’s not all: even farther north, “Fossil forests of a similar age have also been found on Ellesmere Island in the Canadian Arctic, where so-called ‘mummy trees’ were uncovered in the wake of a melting glacier.”  (See 3/17/2011.)What exactly, then, are pro-consensus advocates worried about?  Biblical creationists deny these fossil forests are millions of years old, a seemingly more reasonable interpretation of the evidence.  Darwin skeptics at school boards are not trying to insert religious texts into the science classroom; they generally want to get the lies and distortions about Darwin evolution corrected in textbooks, and mitigate the scare tactics in presentations of global warming.  Meanwhile, the U.S. remains the scientific leader in the world despite millions of his creationist bogeymen.  What precisely is Bill Nye worried about?By all accounts, the hard-core warmist alarmists and Darwin bulldogs are far left in their politics (8/22/2012, 7/26/2012) .  It’s just like leftists to divide people into us-vs-them and use fear and hate to denounce their critics.  It’s just like them to use glittering generalities to advance their view, and associate themselves with “science” (a.k.a. scientism), while sidestepping the uncooperative facts that undermine their position.  They don’t want a reasoned discussion; they want power.  Once you understand their propaganda tactics and how to refute them, your timidity will subside.  Then, learn how to use evidence and logic to put the proud boasters in their place.Project:  Encourage Bill Nye to take his message to Saudi Arabia, Iran, and Syria.last_img read more

2 militants killed in Anantnag gunfight

first_imgTwo Jaish-e-Mohammad (JeM) militants and one soldier have died in an ongoing operation in south Kashmir’s Anantnag.A fierce encounter started around 4 a.m. on Tuesday at Maharma village in Anantnag’s Bijbehara when a joint team of the Army, police and CRPF launched an operation against hiding militants.Two militants are believed dead and an operation is on to retrieve the bodies from the encounter site.One of the two militants killed in Anantnag, Sajad Ahmad, was owner of the car that was used to carry out a major suicide attack on a CRPF convoy on February 14, which left 40 jawans dead. He was also part of the JeM’s suicide squad.An official said one soldier, injured in the initial exchange of fire, was shifted to a Srinagar hospital, where he succumbed. “Two injured soldiers are undergoing treatment,” said the police.This is the second encounter in Anantnag in the past 24 hours. One militant and one Army officer were killed on Monday in Achabal area.last_img read more

SEA Games: PH adds silver to lawn bowls medal haul

first_imgLATEST STORIES LIST: Class, gov’t work suspensions during 30th SEA Games LOOK: Venues for 2019 SEA Games SEA Games in Calabarzon safe, secure – Solcom chief Catriona Gray spends Thanksgiving by preparing meals for people with illnesses SEA Games: PH’s Alisson Perticheto tops ice skating short program Brace for potentially devastating typhoon approaching PH – NDRRMC CEU Scorpions ‘overachieved’ despite loss to Cignal in finals UPLB exempted from SEA Games class suspension PH billiards team upbeat about gold medal chances in SEA Games PLAY LIST 03:07PH billiards team upbeat about gold medal chances in SEA Games05:25PH boxing team determined to deliver gold medals for PH00:45Onyok Velasco see bright future for PH boxing in Olympics00:50Trending Articles01:35Panelo suggests discounted SEA Games tickets for students02:49World-class track facilities installed at NCC for SEA Games03:04Filipino athletes share their expectations for 2019 SEA Games02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:27Filipino athletes get grand send-off ahead of SEA Games MOST READ Don’t miss out on the latest news and information. Read Next The Philippines also scored a gold in the men’s fours and a silver in the women’s fours events on Thursday.Brunei won the bronze in women’s triples.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout The Philippines got another medal from lawn bowls in the 2017 Southeast Asian Games, this time a silver in women’s triples event.Hazel Jagonoy, Rosita Bradborn, and Vilma Greenless settled for the silver, the country’s third podium finish in the sport, after losing to host Malaysia in the final. ADVERTISEMENT WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding View commentslast_img read more

Ind vs Eng: England in driver’s seat on Day 1

first_imgIn reply to India’s first innings total of 224, England are 84 for no loss with skipper Andrew Strauss and Alastair Cook in the middle at stumps on Day One of the third Test at Edgbaston in Birmingham on Wednesday. Score | PhotosRead Day 2 match reportRead Day 3 match report – Cook scores a doubleRead Day 4 match reportEarlier put in to bat, India skipper Mahendra Singh Dhoni scored a resolute 77 helping India to 224 after being pushed to the wall with 92/4 on board.England got rid of India opener Virender Sehwag on the first ball of the match. A short ball of Stuart Broad rubbed past Sehwag’s gloves and wicketkeeper Matt Prior did the rest behind the stumps. India were down to 8/1 early in the innings.Post the first ball loss, opener Gautam Gambhir and Rahul Dravid, who opened for India in the Trent Bridge Test, batted with resolve. The two had put on 59 runs for the second wicket when Tim Bresnan decided to break their stand.Bresnan, who had been sticking to the off-stump line, brought the ball in and it did the damage, uprooting Gambhir’s stumps when he was on 38.Amazing! Sachin played that with virtually no foot movementMaster Blaster Sachin Tendulkar, who was looking iffy during his innings paid the price. He poked into a swinging ball off Stuart Broad and James Anderson made no mistake in the slips cordon. He fell for one and India were down to 60/3.Next it was the turn of the Mr Dependable to walk off the pitch. A cracking delivery from Bresnan rammed into Dravid’s stumps when he was on 22. India were down to 75/4 as Dravid fell on the last ball before lunch.advertisementImmediately into the second session, James Anderson struck again and Suresh Raina was seen walking back towards the pavilion on four.India were down to 92/5 with little hope for a revival. But the misery for India was far from over as soon Laxman too departed on a Bresnan ball. He tried to pull the ball past the boundary, but ended up giving a catch to Broad at long leg. He fell for 30 and India lost their sixth wicket on 100.Tail-ender Amit Mishra faced just 13 balls before giving up his wicket to Stuart Broad with keeper Prior performing the final honours behind the stumps. And India were reduced to 111/7.Finally, India skipper MS Dhoni and lower-order batsman Praveen Kumar revived the innings for the visitors. The two batted with caution thwarting the England attack.Just when the opposition bowlers were trying to wrap up the India innings, skipper Dhoni got into the zone and started dealing in boundaries and over-the-fence shots, delaying England plans.But, England bowlers went ahead with their Plan B and got rid of Dhoni’s partner Praveen Kumar and once again India were on the mat, though this time the situation was a little better as the score was 195/8. Praveen and Dhoni put on 84 runs for the 8th wicket with Dhoni leading the charge.Dhoni gradually upped the tempo while Ishant Sharma, more famous for his exploits with the ball, did what the top-order batsmen failed to do – hold the bat straight. At tea India were 205/8 with Dhoni batting on 61 and Ishant trying hard to stay in the middle.Post tea, however, the things turned sour for India and it was no other than Stuart Broad, who got rid of the man England wanted back in the pavilion.Dhoni wanted to whack Broad past the boundary, but failed and an edge got carried to his counterpart in the England camp, Andrew Strauss. Dhoni fell for 77 and India lost their ninth wicket on 224.Soon India innings came to an end on 224 all out when last man Ishant fell to Andreson.In reply, England got off to a good start with skipper Andrew Strauss and Alastair Cook taking the steam off India bowlers. Strauss raced to an easy half-century and the two were in the middle when stumps were drawn on 84 for no loss.last_img read more

a month agoMoritz Leitner praises Norwich away supporters after Burnley defeat

first_imgMoritz Leitner praises Norwich away supporters after Burnley defeatby Paul Vegasa month agoSend to a friendShare the loveNorwich City midfielder Moritz Leitner praised their away supporters, who stayed behind the team despite a 2-0 defeat to Burnley on Saturday.Burnly won thanks to Chris Wood’s early brace.”The support in every game since I’ve been here has been amazing,” he said. “We are really thankful, each and every player, even after a game like that they stayed behind us and tried to keep going. That’s amazing and it’s something special we have at this club. We will fight for them and I can only say thank you for the support in every minute of every game.”Leitner made a comeback from injury to feature at Turf Moor, replacing Alexander Tettey on the 12th minute, who had himself picked up a knock.”As a player, you always want to come back after injury but it’s not the most important thing,” he said. “The most important thing is the club, and today we had a bad day. We have to show a reaction.” About the authorPaul VegasShare the loveHave your saylast_img read more

Video: Ohio St’s D’Angelo Russell Shows Off His Ridiculous Dribbling Skills – With A Football

first_imgd'angelo Russell dribbles a football in his gym.d’angelo russell dribble footballD’Angelo Russell can handle a basketball pretty well. The former Ohio State star guard proved this dozens of times during his first-and-only season with the Buckeyes. The future NBA first-round pick had crazy highlight plays like this and this. It turns out that he’s nearly just as good with a football. Russell showed off his handling ability to former Kentucky guard Devin Booker while the two were working out together. Russell is expected to be a top-10 pick in the upcoming NBA Draft, which is set to take place on June 25.last_img read more