Growing net zero asset owner group kicks off company engagement

first_imgSource: World Economic Forum/Ciaran McCrickardMembers of the Net Zero Asset Owner Alliance during a press conference at DavosThe Church Commissioners have dedicated more resources to engagement, for example having last year expanded their engagement team with the appointment of two analysts.Günther Thallinger, member of the board of management at Allianz and chair of the Net-Zero Asset Owner Alliance steering group, acknowledged that there was an expectation that money must be shifted, “essentially divesting in some areas and investing in others”, but said this was not the route the alliance would be taking.“We believe we can achieve a much better impact by working with the companies we invest in or the assets we finance,” he said. “If we work with those assets we have a chance of doing value creation and that’s what an investor looks for.”Christina Figueres, convener of Mission 2020 and former Executive Secretary of the UN Framework Convention on Climate Change, said it was important to understand how complex it was for companies to decarbonise, in particular with respect to the Scope 3 emissions from their supply chain.“We shouldn’t fall into simplistic thinking that once a company or an asset owner assumes a certain target by a certain date they have that under their control,” she said. “Then they need to pull the whole cavalry in to achieve that.“It makes it more complex, but that’s the good news because there are ripple effects that go into the fabric of the economy. It’s both the difficulty as well as the advantage.” Next stepsAccording to Figueres, the Alliance’s engagement with companies had got off to a good start, with “a very clear recognition it needs to be an effort on both sides”.The companies involved were not only “willing to speak but also had an appetite [for the conversation],” she said.Allianz’s Thallinger explained that the asset owner alliance would this year be announcing its first interim decarbonisation target, and that the engagement with companies was “of an essence because the target we will define in 2020 will be supported by measures we are working on with those companies”.“We believe we’re talking about something that is transformational for various areas, not only investing”Günther Thallinger, member of the board of management at Allianz and chair of the Net-Zero Asset Owner Alliance steering group“And that’s why we believe we’re talking about something that is transformational for various areas, not only the investing space.”Thallinger also explained that the Net-Zero Asset Owner Alliance was very keen to expand its membership to cover geographically under-represented areas, in particular Asia, but that it was important to be “honest” and acknowledge the policy and political context in which asset owners from that region operated.The members of the Alliance hoped that other jurisdictions would be more open to encouraging their asset owners to come on board, he said.According to an update from the convenors of the Alliance, the UNEP Finance Initiative and the Principles for Responsible Investment, the group has finalised its governance and objectives for 2020 and will focus on advancing measurement and public reporting and engaging policymakers towards policies supportive of net-zero economy ambitions, in addition to engaging with companies.*Alecta, Allianz, AMF, Aviva, AXA, Caisse des Dépôts (CDC), CalPERS, La Caisse de dépôt et placement du Québec (CDPQ), CNP Assurances, Folksam Group, Fonds de Réserve pour les Retraites (FRR), Nordea Life and Pension, PensionDanmark, Storebrand, Swiss Re, Zurich, now plus Generali and the Church of England’s investment bodies Church Commissioners for England, the Church of England Pensions Board and CBF Church of England Funds The Net Zero Asset Owner Alliance has gained two new members and kicked off its campaign to help achieve the Paris Agreement goals by driving change via engagement with companies.Launched in September, the now 18*-strong group of pension funds and insurers today announced that it had gained new members in the form of the Church of England, with its three national investing bodies, and Italian insurance group Generali.The announcement coincided with the group’s holding its first major engagement event, getting together with more than 50 C-suite representatives of the now $4.3trn (€3.9trn) alliance’s portfolio companies in a closed-door session at the World Economic Forum’s conference in Davos, Switzerland.Speaking at a press conference in Davos, members of the alliance emphasised the importance of engagement, as distinct from investment or divestment, to preventing a global temperature increase above the 1.5°C set out in the Paris Agreement. Tom Joy, chief investment officer at Church Commissioners for England, said: “Yes, capital has to shift into renewable technologies and new opportunities, but the climate crisis will not be solved unless the transition happens.“The climate crisis will not be solved unless the transition happens”Tom Joy, CIO of Church Commissioners for England“Divestment is not the answer to the climate problem. As an asset owner we always retain that right, but it won’t solve the climate crisis.”last_img read more

Argentine President urges Messi To Return Home

first_img Loading… “You are in our hearts and we have never seen you play in our country,” Fernandez said to C5N via Goal. “Give us the pleasure of ending your career with Newell’s Old Boys, your club.” In a previous post, it appeared Messi was bent on leaving Barcelona. Things just went in disarray for the Catalan giants with the club now undergoing a major overhaul under new manager Ronald Koeman. read also:Wantaway Messi shuns pre-season Coronavirus  test And as mentioned in a previous post, Messi wants to part with no ill-feelings between him and Barca. He plans to meet with the Barca board to make a peaceful exit. There are several teams open to taking in Messi. The list includes Manchester City, Manchester United, Paris Saint-Germain, Inter and Juventus. However, the $823 million release clause is in the way. That is a sum that will be telling, especially with most clubs strapped financially. FacebookTwitterWhatsAppEmail分享 Lionel Messi’s future remains unclear as the Argentine looks determined to bolt Camp Nou. Though there are several clubs linked to the 33-year-old footballer, a sensible place to go to maybe at his homeland. Argentine president Alberto Fernandez sent a message to Messi, calling on him to return and end his career with Newell’s Old Boys. Even at his age, many feel that Messi can still compete at a high level and Argentinians are dreaming of a possible homecoming. Fans of the Argentine club took the streets recently, holding a parade that could hopefully convince Messi to come home. However it may take more than that although there is reason to believe it can come to fruition, BBC reported. Newell has a track record of pulling the impossible. Proof of that is their shock signing of Diego Maradona. “Maradona was at Sevilla in Spain – he was only 33, so he was the same age as Messi – and he came back and signed for Newell’s, which was unbelievable at the time. This was the year before the ’94 World Cup,” Jamie Ralph, the head of the club’s English-speaking supporters’ club said. With some push coming from the Argentine president, something could happen. However, there are loose ends that need to be addressed, particularly the hefty asking fee of Barcelona.Advertisementcenter_img Promoted ContentWho Is The Most Powerful Woman On Earth?Fantastic-Looking (and Probably Delicious) Bread ArtTop 7 Best Car Manufacturers Of All TimeCouples Who Celebrated Their Union In A Unique, Unforgettable Way8 Superfoods For Growing Hair Back And Stimulating Its GrowthWhich Country Is The Most Romantic In The World?5 Of The World’s Most Unique Theme Parks10 Absolutely Stunning Asian ActressesBest & Worst Celebrity Endorsed Games Ever MadeYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThese TV Characters Proved That Any 2 People Can Bury The Hatchet10 Risky Jobs Some Women Dolast_img read more

February 2, 2019 Police Blotter

first_imgFebruary 2, 2019 Police Blotter020219 Decatur County Jail Report020219 Decatur County EMS Report020219 Decatur County Law Report020219 Decatur County Fire Report020219 Batesville Police Blotterlast_img