Blogs

Investors must ‘move beyond talking’ on climate risk disclosure – AODP

first_imgHe added that the writing was on the wall regarding transparency, and that leaders in the field were already fully disclosing all risks associated with climate change.“It’s time to accept the inevitable and embrace this change,” Poulter said.The warning came as the UK’s Prudential Regulation Authority warned that pension funds should not underestimate their fiduciary duty to consider the financial risks of climate change.In a report aimed at the insurance industry and launched by Bank of England governor Mark Carney, it outlined lawsuits brought in the US against pension trustees for failing to consider the financial risks associated with the “structural decline” of the coal industry.In a speech at Lloyd’s of London on Tuesday, Carney referenced the US lawsuits.“Cases like Arch Coal and Peabody Energy – where it is alleged the directors of corporate pension schemes failed in their fiduciary duties by not considering financial risks driven at least in part by climate change – illustrate the potential for long-tail risks to be significant, uncertain and non-linear.“These risks will only increase as the science and evidence of climate change hardens.”The AODP and ClientEarth previously warned that pension funds falling behind on climate-risk mitigation risked breaching their fiduciary duty. Institutional investors have been urged to back the “inevitable” shift towards even greater climate-risk transparency to protect investments against climate change risks.The Asset Owners Disclosure Project (AODP) said it was time for investors to “move beyond the talking” when it came to tackling the risk associated with climate change.Its chief executive Julian Poulter added that those leading the organisation’s index on climate-risk disclosure had proven investments could be protected “against a carbon crash and still make money”.“It’s time to focus attention on those laggards who are digging their heels in – some for ideological reasons and some out of negligence,” he said. last_img read more

Familiaran: No more home quarantine

first_imgAccording to Familiaran, local authorities can’t be assured if those patients are really observing the proper protocols of home quarantine. There will be a greater chance that a patient may infect other members of the family, he added. BACOLOD City – Home quarantine will no longer be allowed for coronavirus disease 2019 (COVID-19) positive patients in this city.  He said Mayor Evelio Leonardia is set to issue an executive order for this in the coming days. Familiaran added the local government also intends to transfer all close contacts of an infected patient spending quarantine in their homes to isolation facilities in the city. He, however, did not divulge the total number of COVID-19 patients and close contacts undergoing home quarantine.center_img The Department of Health allows patients deemed asymptomatic or with mild symptoms to quarantine at home, provided that they have their own room and bath and are monitored by barangay health workers./PN Cabinet Secretary Karlo Nograles, also the co-chair of IATF-EID, said the dangerous thing about home quarantine is that COVID-19 is contagious. “All positive cases, whether asymptomatic or mild, should be placed in isolation facilities,” Vice Mayor El Cid Familiaran, who chairs the City Inter-Agency Task Force against COVID-19, reiterated. Citing the risk of spreading the novel coronavirus inside the same household, the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) recently discouraged home quarantine for mild COVID-19 patients.last_img read more

Top runner returns for Stanford invite

first_imgFor the USC women’s cross country team, the most important day of the season thus far has arrived. On Saturday, the Women of Troy will compete in the Stanford Invitational, the race that coach Tom Walsh has pointed to multiple times as the crux of the cross country campaign.“This is our first big test of the year,” Walsh said. “The first two meets [at Fullerton and Irvine] were just to see where we were at.”High hopes · With the return of the USC women’s cross country team’s star runner Zsofia Erdelyi, the Women of Troy expect much better results at the Stanford Invitational than at their first two competitions. – Photo courtesy of USC Sports InformationThe main reason that Saturday will be a test for USC is the presence of several top-notch programs. Host Stanford is ranked No. 5 in the nation entering the invitational, and teams from UC Davis, Loyola Marymount and Sacramento State all represent regionally ranked teams from the West.“At Stanford it’s a much higher-level meet,” Walsh said. “In addition to great teams from California we’ll see a lot of great out-of-state girls who can really run. It’s a good chance for our girls to test themselves out.”Walsh also noted that with the rise in competition comes the need for USC to rise to the challenge.“I expect for the level at which we race to be much higher than it was the past two races,” he said. “Much higher.”Part of that expectation stems from the return of standout junior Zsofia Erdelyi, who missed USC’s first two races with a foot injury. Erdelyi, who last year qualified for the NCAA Championships, adds star power to a consistently strong USC squad in need of a top-five quality runner.“[Zsofia’s return] will be very positive because she’s the heart and soul of our team,” Walsh said. “Obviously she won’t be at 100 percent for this meet, but she’s so talented that she could be as high as fifth or sixth in this race and it wouldn’t surprise me.”Walsh’s confidence would appear to be well placed. The course that the Women of Troy will run Saturday is the same course that Erdelyi ran last year to finish in the top 10 in regionals and qualify for nationals.Erdelyi isn’t the only runner whom Walsh expects to make a comeback on Saturday. Team captain Bridget Helgerson, who had what Walsh called a “poor” race at Irvine two weeks ago, is looking to restore her status as one of USC’s top three runners.“Last week was definitely a wake-up call for Bridget,” Walsh said. “She’s lucky she got her bad race out of the way. It’s really motivated her to train better and work hard during these past two weeks. I’m expecting her to bounce back.”Walsh expects the two-week race layoff to benefit not just Helgerson, but the entire team.“When you have a meet on Saturday, you don’t push as hard at the end of the week because you want the girls’ legs to be fresh. So this week off allowed us to do some intense training. I’m excited to see where we’re at,” Walsh said.USC will see exactly where it is at when the gun goes off at 11 a.m. in Palo Alto on Saturday.last_img read more

Leinster double header moved because of Springsteen concert

first_imgAlso this afternoon, LIT will play host to UCD while UUJ take on Cork IT in Jordanstown and DIT travel to Dangan to face NUIG.Those matches will all throw-in at 2pm, while there’s also two games that will get underway at 7 o’clock as UCC travel to Maynooth and WIT go up against DCU in the WIT sports campus. The games had been scheduled for May 29th but the Leinster council have confirmed while the date has changed the venue has not.Meanwhile, there are six games today in the Fitzgibbon Cup.Defending champions UL are without Tony Kelly as they take on Mary Immaculate College in Belfast.last_img read more