Institutional investors are increasingly aligning their investments with energy technologies of the future, a new report claims.According to the 2015 ESG Trends to Watch, from MSCI’s global head of ESG research Linda-Eling Lee, investors have begun to scrutinise the carbon-related risks embedded in their portfolios, using a sophisticated range of tools.In addition to the measurement of companies’ current carbon emissions, investors can now adopt a total portfolio accounting of current and future emissions, measured against market benchmarks.They can also access portfolio construction techniques ranging from selective exclusions to tilts of portfolio weights based on current and future carbon characteristics of individual securities. But the report warns: “Investors can be highly exposed – both positively and negatively – to fundamental shifts in energy technology in the broad, diversified equity and fixed income holdings that can make up the vast majority of a portfolio.”For example, the diversity among utility companies in the MSCI ACWI Index, a global equity index consisting of developed and emerging market countries, means that while more than one-third of the companies by market capitalisation currently derive less than 10% of their generation capacity from renewables, 11% of companies get more than 50% generation capacity from renewables.The report says: “Without deliberately tilting more aggressively towards the companies with large and growing renewable capacity, investors potentially risk being under-exposed to significant growth in future fuel technology.”Another theme highlighted is corporate governance.While a plethora of company scandals have highlighted the more sensational details of directors’ behaviour, the report says institutional investors are making more systematic efforts to assess the effect of two types of factors on company performance – the industry expertise of individual board members, and the diversity of perspectives across the full board.A governance analysis by MSCI ESG Research showed that, within the MSCI ACWI, those financial institutions with boards composed mainly of industry experts generated a larger return on equity (ROE).The analysis also found that ROE for the one-third of MSCI ACWI constituents with no women on the board averaged 13.15, compared with 20.21 for the benchmark.Lee said: “As the availability of analytical tools improves, we anticipate institutional investors will shift beyond targeted scrutiny of corporate ‘blow ups’ and towards systematic integration of these types of factors that are less about meeting best practices and more about capturing material impact.”The report also highlights the increasing interest of large institutional investors in linking investing to positive social impact.So far, they have been hampered by the lack of comparable outcome measures across projects, the small scale of projects and illiquidity.To discover the feasibility of using public equities as an investment route, a sample portfolio of companies was created from the MSCI ACWI.Companies were screened for characteristics including products having an impact (such as a high percentage of loans to small and medium-sized enterprises) and strong innovation capacity for addressing social needs (such as telecommunications companies targeting lower-income groups).The resulting sample of 100 companies demonstrated some promising upside, including increased exposure to markets with social needs, and risk-adjusted returns during the sample period that are comparable with the benchmark.Lee said: “Social impact investing does not necessarily improve returns by itself, but, by opening access to markets that have been underserved, as these markets get bigger, these companies will be in a better position for growth.”She added that the ability to overlay exposure to social impact opportunities across broad, diversified public equity portfolios was expected to attract new investor segments with the potential to shift significant capital towards social needs.Institutional investors are also looking to invest in infrastructure where it is most needed and least politically risky.The key financial characteristics of infrastructure investments – higher income yield, stable quality cash flows and lower market volatility that is less correlated with equities exposure – are gaining appeal in the shift towards alternative investments in the asset allocation process.And the report says the sector represents an even more attractive investment proposition than might first be thought.It said: “While public attention to potential losses has often focused on the threat to poor island nations, of the 20 countries projected to have the largest number of people living in areas at risk of flooding, six are developed markets including Germany, Japan and the US. Others include some of the fastest-growing economies of the past decade, such as Brazil and China.”The report analyses countries in the MSCI ACWI Index, finding that the top five European Union economies (excluding Spain) all face potential vulnerabilities to flood risk that require attention to climate adaptation investments.It concludes: “We anticipate that, as institutional investors increase allocations to this asset class, they will rely on an ESG lens to help target growth opportunities in building climate resilience and to minimise governance-related risks that currently present barriers, especially for non-domestic infrastructure investments.” Meanwhile, a study from the UCL Institute for Sustainable Resources has found that one-third of oil reserves, half of gas reserves and more than 80% of current coal reserves globally should remain in the ground and not be used before 2050, if global warming is to stay below the 2°C target agreed by policymakers.The study, funded by the UK Energy Research Centre, also identifies the geographic location of existing reserves that should remain unused, setting out the regions that stand to lose most from achieving the 2°C goal.
LocalNews Josephine Gabriel employee accused of stealing granted $56, 000.00 bail by: – January 23, 2012 110 Views no discussions Share Share Tweet Share Court gavel. Photo credit: lazytechguys.comAn employee of Josephine Gabriel and Company Limited who was arrested for allegedly stealing almost $25, 000.00 from the company has been granted bail in the sum of $56, 000.00.Thirty-five years old Andra Pascal d of Tarish Pit, Stockfarm was not required to plead to the charge of theft when she appeared before Chief Magistrate Evelina Baptiste on Monday.Theft is an indictable offense which can only be tried by a judge and jury, therefore Pascal was not required to enter a plea however the Preliminary Investigation into the matter will be done at the Magistrate’s Court.According to the charge the Defendant allegedly stole $24, 065.63 from the company between the 24th day of July to the 14th day of September, 2011. Patrick Prosper of Stockfarm her uncle in law stood as surety on her behalf.Prosper told the Court that he has confidence in Mrs. Pascal and is willing to stand as surety knowing that his property could be seized if she breached the terms of her bail.Prosper also told the Court that he has sufficient influence on the Defendant, he sees her every day, he has her contact number and will ensure that she attends Court hearings on the stipulated dates and times.Chief Magistrate Evelina Baptiste in granting the Defendant bail warned her that she should report every Thursday at the Roseau Police Station between the hours of 7am and 7pm.The Preliminary Investigation has been scheduled for the 2nd of July, 2012.Dominica Vibes News Sharing is caring!
“I feel without a doubt I can play at the major league level,” Guerrero said.Signed to a four-year contract out of Cuba in 2013, Guerrero spent almost all of his first season in Triple-A. Though he hit well, his 2014 season was marred by an incident in which teammate Miguel Olivo bit off a portion of his left ear, forcing him to miss part of the season — and a potential mid-season call-up — while he rehabbed the gruesome injury.The Dodgers did not trust Guerrero in the field, or at least have an obvious position for him, until recently. He impressed manager Don Mattingly with his play at third base in spring training and found himself starting there for the second straight day because of a hamstring injury to Juan Uribe.Guerrero has four hits in his first 11 at-bats this season. Uribe has struggled to hit in March and early April, but will start at third base today, Mattingly said.Still, the manager was clearly impressed Monday by Guerrero and Andre Ethier, who entered the game in the 10th inning in a double-switch and doubled to kick-start the Dodgers’ winning rally. “When you talk about your roster — how many guys you need pitching-wise, bench-wise — we’re going to need contributions from all over,” Mattingly said. “We want to be a team that’s more fight and scratch, each guy passing the baton. We saw that tonight.”One veteran who was a part of last year’s 94-win regular season, and the sudden playoff exit that followed, said that Monday’s game was one last year’s team would have lost.The Dodgers managed to win despite a rare outing by starter Brandon McCarthy. The right-hander completed seven innings and finished with an unusual stat line: 10 strikeouts, no walks and a career-high four home runs allowed. No pitcher since at least 1914 had ever accomplished that feat.McCarthy began his second start in a Dodgers uniform the same way he began the first, by allowing a two-run home run with two outs in the first inning. To his credit, Nelson Cruz had been driving the ball against everyone, having homered in the previous two games.Then Cruz hit another home run in the fourth inning to give the Mariners a 3-0 lead. The next batter, Kyle Seager, joined the parade with a solo home run of his own. But the Dodgers answered with three runs in the fourth inning off Seattle starter James Paxton.With reigning National League player of the week Adrian Gonzalez on first base, Howie Kendrick doubled to right-center field, sending Gonzalez to third. Van Slyke walked, loading the bases for Guerrero. Guerrero hit a fly ball to right field, deep enough for Gonzalez to tag up and score from third. Van Slyke tagged up and went to second base when nobody covered the bag, a crucial oversight by the Mariners. Kendrick and Van Slyke both scored on a single by Joc Pederson — his first career hit against a left-handed pitcher in nine plate appearances.A solo home run by Dustin Ackley in the fifth inning gave the Mariners a 5-3 lead. But the Dodgers tied the game on Puig’s second home run of the year and an RBI single by Kendrick.Pedro Baez (two-thirds of an inning), Paco Rodriguez (one-third), Joel Peralta (one) and Yimi Garcia (one) allowed only one baserunner in three innings of relief.Mariners right-hander Dominic Leone, recalled from Triple-A earlier in the day, began the 10th inning by allowing a double to right-center field by Ethier. With one out, Gonzalez was walked intentionally. Kendrick followed by working a walk of his own.Olson was summoned to pitch to Carl Crawford, a left-handed hitter. Crawford struck out on five pitches. Guerrero then worked a 2-2 count before stroking a line drive to right-center field, prompting the Dodgers’ dugout to empty onto the field. Newsroom GuidelinesNews TipsContact UsReport an Error Two blue sports-drink buckets, filled with ice and some colored liquid, awaited Alex Guerrero on the field at Dodger Stadium on Monday night. Yasiel Puig held the first bucket and Guerrero didn’t see it coming. He made a feeble attempt to duck, but in an instant his face and jersey were drenched in red juice.Scott Van Slyke held the second bucket. This time Guerrero could see the plot unfolding, except he was doing a live interview with a hot mic and some portion of 42,202 fans remaining in their seats. Van Slyke politely set the bucket down next to Guerrero, who kept talking for a bit, then accepted his fate. Blue juice and ice cascaded down as Guerrero stood in a crouch, the man of the hour having quickly adapted to the most American of American sports traditions.Guerrero’s welcome-to-the-big-leagues-bath was well-earned. His single in the bottom of the 10th inning off Seattle Mariners left-hander Tyler Olson gave the Dodgers a 6-5 victory. It was the first walk-off hit of his brief major league career, in his 14th game.
16 Jan 2013 Double gold for Georgia on GB’s Sensational Sunday Georgia aims for gold for Team GB 19th January 2013 England’s Georgia Hall is leading the gold medal hunt for Team GB in the girls’ golf championship at the Australian Youth Olympic Festival in Sydney. The 16-year-old European number one holds a three-shot lead, with one round left to play, after she scored four-under 68 in the third round at Twin Creeks Golf Club. Georgia (Remedy Oak) has also helped GB into pole position in the team event, where they lead Australia by four strokes. Georgia’s scores count towards the team total alongside those of Chloe Williams of Wales and the Scots pair, Ewan Scott and Bradley Neil, But, before they could look ahead to continuing their challenge for team gold they had to survive a disqualification drama Team GB official Tegwen Matthews commented: “‘Super Saturday’, as traditionally referred to in the Olympics, very nearly turned into ‘Shocking Saturday’ for TeamGB. She explained: “A group, including Ewan Scott and Bradley Neil, teed off from an incorrect teeing ground on the short 6th hole. The tee had been moved some 30 yards left of its previous position and the group had not been advised of the change of tee or yardage. “Under the R&A rules of golf, the penalty is disqualification. Following an appeal, the committee reviewed the decision and, following discussion with R&A representatives, the disqualification was waived under ‘exceptional circumstances’, having found precedent from a similar incident in an international qualifying event. “The group of three, which included an Australian player, were asked to replay that hole from the correct tee. The score recorded from the hole, to stand as the correct score for the re-instated players.” Bradley finished with a three-under score of 69 and Ewan posted a level par 72. Tegwen added: “Everyone concerned was entirely grateful, most especially Team GB, and I think we can safely say, that every teeing ground will now be examined with extreme diligence!” The incident added to a turbulent day all round. At the start of play Five Team GB players still had to complete their second rounds, following a suspension because of record temperatures. England’s Ashton Turner finished on four-under par 68, to keep his lead in the boys’ individual. Scotland’s Lauren Whyte holed a15-footer on the last, to loud cheers from her teammates, to post a superb five-under par 67. So, at the halfway stage she was one of four GB players tied at the top of the girls’ leaderboard, alongside Georgia, Chloe and England’s Gabriella Cowley. As the third round got underway, temperatures dropped to 23 degrees – half those of the previous day – and were accompanied by showers and a challenging breeze. Georgia made her move with her fine 68 and is three shots clear of Australia, while Gabriella, who scored 73, is currently in the bronze medal position. England’s Amber Ratcliffe fired her tournament best of 70 and will be looking to improve on that again on the final day. Ashton Turner was disappointed with his 74, which dropped him into bronze position, behind Australia and China, but he’ll be hunting for gold in the final round. Fellow England players Jack Singh-Brar and Harry Ellis, shot their first sub-par rounds of the tournament, with 67 and 70 respectively. Tegwen commented: “Team GB spirits were revived following the boys’ re-instatement and everyone is in exactly the right frame of mind to maximise their performance tomorrow and contribute to the ever growing haul of medals from all the other Team GB athletes. “Let’s make it ‘Super Sunday’ for Team GB golf!” Leading scores. Par 72 Girls -5 Georgia Hall (Team GB, Remedy Oak) 71 72 68 -2 Celina Yuan (Australia) 72 73 69 E Gabriella Cowley (Team GB, Brocket Hall) 71 72 73 +1 Jienalin Zhang (China) 73 75 69 +2 Chloe Williams (Team GB, Wales) 74 69 75 +3 Danting Cai (China) 72, 76, 71; Lauren Whyte (Team GB, Scotland) 76 67 76, Weiwei Zhang (China) 75 73 71, Wenyung Keh (New Zealand) 76 71 72 +4 Amber Ratcliffe (Team GB, Royal Cromer) 75 75 70 Boys -15 Kevin Yuan (Australia) 69 68 64 -11 Zecheng Dou (China) 69 67 69 -10 Ashton Turner (Team GB, Kenwick Park) 64 68 74 -9 Brett Coletta (Australia) 70 67 70; Compton Pikari (New Zealand) 70 68 69 -8 Bradley Neil (Team GB, Scotland) 69 70 69 -7 Jin Zhang (China) 67 68 74 -5 Blake Proverbs (Australia) 74 66 71; Cheng Jin (China) 71 70 70; Ewan Scott (Team GB, Scotland) 72 67 72 -4 David Micheluzzi (Australia) 71 70 71 -3 Jack Singh-Brar (Team GB, Brokenhurst Manor) 73 73 67 -2 Harry Ellis (Team GB, Meon Valley) 72 72 70 Blistering heat forces suspension in Australia 18 January 2013 Blistering temperatures forced play to be suspended today in the second round of the golf championship at the Australian Youth Olympic Festival – but Team GB are coping well. Team leader Kyle Phillpots reported: “The weather forecast had promised high temperatures and by 8am it was 30C (86F); by 10am it was 40C (104F) and when it reached an area record of 45C (113F) at 12.30, play was suspended for the day. “This left players with up to four holes still to play and the round will be resumed at 6.45am tomorrow. “Despite the intensity of the weather the GB players were not to be deterred. Taking every advantage to find natural shade many of them also used their umbrellas to block out the direct sun. They also were constantly supplied with cold towels and of course, plenty of fluids.” Five Team GB players have completed their rounds at Twin Creeks Golf Club, Sydney: the England trio of Harry Ellis (Meon Valley), Georgia Hall (Remedy Oak) and Gabriella Cowley (Meon Valley) all returned scores of level par 72. Chloe Williams of Wales made up for her disappointment of a first round 74, with an excellent three-under 69, while Scotland’s Ewan Scott was even better on five-under. Of those still on the course, Jack Singh-Brar (Brokenhurst Manor) is one over with four to play and Bradley Neil of Scotland is on three under with two to play. Fellow Scot, Lauren White, was also three-under and had reached the 15th tee when play was halted. Amber Ratcliffe (Royal Cromer) was two-under when she marked her ball on the 15th green. The overnight leader, England boy international Ashton Turner continued his good form and stands at four under for the round with one hole to play. The highlight of another excellent performance from the Kenwick Park player came when he drove the green at the 433 yard 8th hole. “I knew I had hit it well, but not that well,” said Ashton. “I was looking for my ball from around 100 yards out, I couldn’t believe it when I saw it was on the green. That’s certainly my longest drive in competition.” Kyle Phillpots added: “There’s plenty more to come from this team – and the temperatures tomorrow will be much cooler.” After the first round Team GB were leading the men’s and women’s individual events and tied first with Australia in the team competition. Team GB take lead in Australia 17th January 2013 Team GB, led by England players, made a sizzling start to top all three leaderboards after the first round of the golf championship at the Australian Youth Olympic Festival (AYOF). Boy international Ashton Turner scored a superb eight-under par 64 at Twin Creeks Golf Club, Sydney, to lead the boys’ event by three. European number one Georgia Hall of Dorset and fellow international Gabriella Cowley, from Essex, both returned one-under 71 to top the girls’ leaderboard. Ashton, from Lincolnshire, said afterwards: “I am really pleased with my performance, it was a great start to the tournament and there are plenty of shots left out there, so I can push on tomorrow. “The heat out here is a big difference compared to home but you’ve just got to keep drinking water, keep putting the sun cream on and make sure we don’t get burnt. “It is an honour to represent Team GB at golf for the first time in over 100 years. I think the sport definitely deserves its space on the Olympic programme and it’s great to be part of the team that has introduced it back in again.” Ashton holds a three shot lead over China, followed closely by New Zealand on 68 and a host of players on 69, including Team GB member Bradley Neil. Meanwhile, Georgia and Gabriella are one shot clear of players from China and Australia who had level par scores of 72. Team GB are also tied first with Australia in the team event, thanks to the scores of Georgia Hall, Chloe Williams of Wales (74) and the Scots pair Bradley Neil and Ewan Scott (72). The team’s scores were compiled in temperatures are as hot as the golf. Play started at 7.30am and by mid-morning the mercury had risen to 35 degrees. Team official Tegwen Matthews commented afterwards: “All the players felt they left some shots out there – including Ashton who bogeyed the last in his scintillating 64! “However, with three more rounds to complete, there is plenty of opportunity for them to maximise their performance – and they are just itching to get out there and do just that!” Team GB individual scores. Par 72 Boys 64 Ashton Turner (Kenwick Park) 69 Bradley Neil (Scotland) 72 Ewan Scott (Scotland), Harry Ellis (Meon Valley) 73 Jack Singh-Brar (Brokenhurst Manor) Girls 71 Georgia Hall (Remedy Oak), Gabriella Cowley (Brocket Hall) 74 Chloe Williams (Wales) 75 Amber Ratcliffe (Royal Cromer) 76 Lauren Whyte (Scotland) Team GB prepare to tee off in Australia 16th January 2013 Team GB golfers – who include six English players – tee off tomorrow in the golf championship at the Australian Youth Olympic Festival (AYOF). Dorset’s Georgia Hall, the GB flag bearer at the opening ceremony, and her nine team-mates will be the first Team GB competitors in the sport of golf for over 100 years. Golf featured in the 1900 and 1904 Games and is returning to Olympic competition at the Rio 2016 Games. They will take on the challenge of Australia, New Zealand and China over 72 holes at the Twin Creeks Golf course in Ludenham, Sydney. They’re well prepared for what lies ahead. Golf team leader Kyle Phillpots said: “After four days of getting used to the heat, time difference and the course, the golfers are fully prepared and looking forward to the Youth Olympic challenge. “They are all fit, happy with their game and swinging well. They are all enjoying playing the course and there is no reason why they shouldn’t be successful. They all have the potential to reach the medal podium.” There are men’s and women’s individual competitions and a team event. The golf team includes six English players. They are Jack Singh-Brar (Brokenhurst Manor), Gabriella Cowley (Brocket Hall), Harry Ellis (Meon Valley), Georgia Hall (Remedy Oak), Amber Ratcliffe (Royal Cromer) and Ashton Turner (Kenwick Park). The line-up is completed by Bradley Neil, Ewan Scott and Lauren Whyte of Scotland and by Chloe Williams of Wales. It was Sensational Sunday for Team GB golfers with a haul of medals at the Australian Youth Olympic Festival in Sydney – and a historic double gold for England’s Georgia Hall. She became Team GB’s first gold medallist in an Olympic golf event for over a hundred years when she won both the individual women’s competition and team gold with compatriots Chloe Williams of Wales and the Scots pair Ewan Scott and Bradley Neil. England boy international Ashton Turner won silver in the men’s individual event while Chloe Williams won the bronze in the women’s competition. They helped Team GB to win a record breaking 40 medals in a single day and brought Great Britain’s overall total to 66 medals, comprising a superb 19 gold, 23 silver and 24 bronze medals. Georgia Hall – the European number one and world number four – went in to the final day at Twin Creeks golf course leading by three shots and could barely hold back the tears after her last putt when she realised she had done enough to secure the gold medal. The 16-year-old from Remedy Oak in Dorset said: “It feels amazing to have made history. I enjoyed it a lot and it was a great experience for me. I cried after the last hole because I was just happy it was over to be honest. It was a long week and I just wanted to make sure I won, so the pressure was there. “My aim all week was to not shoot over par and I did that, so I am pleased with my performance on the whole and to get a double gold medal in the individual and the team is fantastic. “I think the Rio 2016 Olympic Games is definitely closer for me now, having come to Australia. It gives me a hint of the style of competition and what to expect from everything that comes with it and hopefully I can make it in three years’ time.” She scored a final round of one-under 71 for a six-under total and a two stroke winning margin over Australia’s Celina Yuan. Chloe Williams returned an excellent four-under 68 to take the bronze on two-under overall. In the men’s event, Ashton Turner shot a superb five-under 67 to claim the silver medal, having been in a podium position all week. He finished on 15-under par and was three strokes behind gold medallist Kevin Yuan of Australia. Great Britain won the team gold by 12 shots over Australia – having been in first place throughout the event. They were tied with Australia after the first day but led by six shots after the second day and eight shots after the third. New Zealand won the bronze medal. Reflecting on Great Britain’s record breaking performance Chef de Mission Mark England said: “This has been an unforgettable five days for Team GB’s young athletes. Winning 66 medals is a truly remarkable accomplishment and one that the whole of Team GB can be extremely proud of. They have coped very well with the challenging conditions and extreme temperatures to produce record breaking results” He added: “A special mention goes to the golfers and in particular our Opening Ceremony Flag Bearer Georgia Hall, who created history by winning the first golf gold medals in an Olympic event for over a hundred years.” Image shows Georgia Hall and Ashton Turner Final GB individual scores. Par 72 Women Gold medal Georgia Hall (Remedy Oak) -6 (71 72 68 71) Bronze medal Chloe Williams (Wales) -2 (74 69 75 68) 5th Gabriella Cowley (Brocket Hall) +1 (71 72 73 73) 8th Amber Ratcliffe (Royal Cromer) +5 (75 75 70 73) 9th Lauren Whyte (Scotland) +6 (76 67 76 75) Men Silver medal Ashton Turner (Kenwick Park) -15 (64 68 74 67) 4th Bradley Neil (Scotland) -11 (69 70 69 69) 8th Ewan Scott -8 (72 67 72 69) 9th Harry Ellis (Meon Valley) -7 (72 72 70 67) 12th Jack Singh–Brar (Brokenhurst Manor) -1 (73 73 67 74)