Major investor groups expand climate change target list

first_imgMajor investor groups expand climate change target list FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):A large group of global investors and asset managers have added 61 companies to the list of corporations they will push to take more action on climate change issues.When Climate Action 100+, which is backed by 289 investors with nearly $30 trillion in assets under management, launched in December 2017 it targeted the 100 energy and transportation companies that are among the largest greenhouse gas emitters in the world.The expanded list of companies represents both carbon intensive ones and those “with significant opportunities to accelerate the transition directly at the regional and global level and help achieve the goal of the Paris Agreement” of limiting global warming to well below 2 degrees Celsius from pre-industrial levels, Stephanie Maier, Director of Responsible Investment, HSBC Global Asset Management Ltd., a unit of HSBC Holdings PLC, said in a statement.The five-year engagement initiative aims to convince companies to implement a strong framework for board oversight and accountability on climate change, reduce emissions, and disclose climate risks and plans consistent with the June 2017 recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures, or TCFD. The voluntary guidelines were intended to create an internationally consistent way for companies to assess and publicly disclose potential financial risks associated with climate change.Climate Action 100+ was among a number of movements involving state and local officials, businesses and investors in the U.S. who committed to advancing the goals of the Paris Agreement on climate change after President Donald Trump in 2017 pledged to withdraw the nation from the deal. Climate Action 100+ is organized by five partner organizations: Ceres, Asia Investor Group on Climate Change, Investor Group on Climate Change, Institutional Investors Group on Climate Change and Principles for Responsible Investment.More: Investors with $30 trillion to press 61 more companies on climate targetslast_img read more

UEFA President Aleksander Ceferin opened 10 Million BAM worth FF Headquarters

first_imgUEFA President Aleksander Čeferin has described the opening of the new Bosnia and Herzegovina Football Federation (NFSBiH) headquarters as “a great step in the development of football in the country.”UEFA President Aleksander Čeferin has visited Bosnia and Herzegovina to attend the official opening of the new headquarters of the Bosnia and Herzegovina Football Federation (NFSBiH).The opening ceremony in the capital Sarajevo was attended by representatives of the Bosnia and Herzegovina and international football communities, as well as senior government officials including the representative of the country’s presidency, Šefik Džaferović, and the chairman of the council of ministers, Denis Zvizdić.They will provide the association’s staff with the best possible working environment to implement various development strategies in the coming period, which are expected to have a positive impact on football in Bosnia and Herzegovina for years to come.“It is a privilege and pleasure for me to be here today,” said Mr Čeferin. “I am glad that Bosnia and Herzegovina will be richer for this new sports facility – this is a great step in the development of football in the country.”The UEFA President said that UEFA would continue to foster its relationship with the association, and provide crucial sporting and infrastructure support. “Football teaches us team work,” he said.“UEFA will remain a reliable partner to the Bosnia and Herzegovina Football Federation, and I hope that future projects will continue this infrastructure development.”Bosnia and Herzegovina’s national team has just enjoyed a successful UEFA Nations League campaign, gaining promotion to League A after going unbeaten through their group stage programme.“[Bosnia and Herzegovina] have caught up with the elite thanks to its dedicated work,” said Mr Čeferin. “The success is also due to the quality of the work undertaken with the younger categories of players.”The NFSBiH president Elvedin Begić said that steady development work was taking the association forward into a new era of stability. “This has been rewarded through the promotion of the senior national team to the highest reaches of the UEFA Nations League,” he reflected, “and today through the official opening of our Home of Football.”Mr Begić expressed his gratitude for the support given by UEFA and the world body FIFA. “It means a lot to us, and we will not betray their expectations and trust,” he said.“We will leave this building to the generations behind us as a testimony to times of good and transparent management – times of reform and changes, success, courage and visions.”last_img read more