Research on corporate climate action an ‘urgent challenge to investors’

first_imgAdam Matthews, co-chair of the Transition Pathway Initiative“The fact only one in eight of the highest-emitting firms are responding at anywhere near the pace required is an urgent challenge to investors,” he added.“Investors themselves need to adopt an emergency footing otherwise the window to secure the change we need will be gone.”‘The central issue’The study looked at the quality of companies’ management or governance in relation to climate change, such as whether they have a formal policy commitment to act on climate change or publish their emissions, as well as their “carbon performance”.Carbon performance refers to companies’ current and expected future GHG emissions and how these compare with targets and pledges made as part of the Paris Agreement on climate change.According to the report, one of the research’s implications for investors, in particular with respect to engagement with companies, was that although management quality was important, it was a “necessary but insufficient condition for ensuring that future carbon performance is aligned with the Paris Agreement”.“Carbon performance is the central issue for investors concerned about climate change”State of the Transition report, 2019Investors should focus their attention on carbon performance, which was “the central issue for investors concerned about climate change” and “the key measure of corporate climate action”. The TPI’s report comes a week after the UK government revealed it expected UK listed companies and large asset owners to report on climate change risk by 2022, and that this could become mandatory.Faith Ward, chief responsible investment officer at Brunel Pension Partnership and TPI co-chair with Matthews, said the TPI research’s finding that 25% of high-emitters did not report their emissions was “putting investors in a Catch 22”.“The UK is one of several countries moving to make climate risk reporting by asset owners mandatory, yet without emissions data from a quarter of the high emitting companies that request will be impossible to deliver,” she said.Ward is co-chair of the TPI on behalf of the Environment Agency Pension Fund, which is part of Brunel, one of the UK’s eight local authority pension asset pools.The study was carried out by TPI’s academic partner, the Grantham Research Institute on Climate Change and the Environment at the London School of Economics. New asset owner-backed research on high-emitting companies’ behaviour with regard to climate change has prompted calls for investors to step up engagement with industry and focus their attention on companies’ emissions rather than their management systems and processes.According to the research, out of a sample of 160 companies, only one in eight companies is cutting its carbon emissions at the rate required to keep global warming below 2°C above pre-industrial levels. Sixteen per cent are aligned with a 2°C benchmark.Other findings, based on a larger sample of 274 companies, include that almost half (46%) are failing to adequately integrate climate change into their business decisions, and 25% do not report their greenhouse gas (GHG) emissions.The research was carried out for Transition Pathway Initiative (TPI), a $14trn (€12trn) asset-owner led initiative whose stated mission is “to empower and equip investors to navigate the complexities of the transition to a low carbon economy”. Adam Matthews, co-chair of TPI and director of ethics and engagement at Church of England Pensions Board, said the study showed “many more investors [need] to engage with big-emitters across all sectors of the economy to ensure companies are setting emissions targets consistent with the goals of the Paris Climate Agreement”.last_img read more

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Video: Joshua shows off scary power, smashes punching bag sitting down

first_imgPromoter Eddie Hearn says Joshua vs. Pulev could take place in a “quirky” location with Croatia offering a coliseum to stage the world title clash.“Other ideas we have are 1,000 people somewhere strange and quirky. I’ve got a few things up my sleeve. We’re talking about castles, plush hotels, maybe even on a boat,” he revealed.“Croatia have offered a coliseum – and that’s beautiful – and we’re still open to options and flexible.“These are all things thinking outside of the box – it just depends what’s allowed.” Loading… Read Also: La Liga: Spanish capital prepares for Real Madrid title paradeHowever, Hearn is looking at London’s O2 Arena which depends on whether the Government ease restrictions.“By November, can we go to 16,000 people at the O2? Right now, we’re handcuffed by the regulations,” he added.If victorious against Pulev, Joshua is slated to fight WBC title holder Tyson Fury in a monstrous two-fight ‘Battle of Britain’ deal in 2021. Promoted ContentSome Impressive And Almost Shocking Robots That ExistTop 10 Must-Know Facts About Ivanka TrumpThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 Ridiculous Health Myths That Are Actually True10 Risky Jobs Some Women DoThe Origin Story Of The Best Chocolate Thing Ever Created20 Facts That’ll Change Your Perception Of “The Big Bang Theory”Who Is The Most Powerful Woman On Earth?This Is Hachi, And He’s The Happiest Dog On InstagramCouples Who Celebrated Their Union In A Unique, Unforgettable Way13 kids at weddings who just don’t give a hoot14 Hilarious Comics Made By Women You Need To Follow Right Now And ‘AJ’ looks in fine form as he wowed the online boxing community with his scary power while sitting down.The British star shared a clip of himself smashing a punching bag with powerful left-hooks from a seated position.Needless to say, Joshua’s training video sent social media wild.“This guy is sitting and still landing bombs,” one Twitter user wrote.A second tweeted: “Left hooks from HELL.”A third added: “Hardest hitter on the planet.” Anthony Joshua has left boxing fans stunned after showing off his punching power while sitting down in a recent training clip ahead of his Kubrat Pulev fight.Joshua, 30, is set to defend his world heavyweight titles against Pulev later this year after the original date was postponed due to COVID-19. FacebookTwitterWhatsAppEmail分享 last_img read more

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Over 30 Boys and Girls Shop With a Hero for Christmas at Meijer Alpena

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisThere wasn’t a frown in sight, but all smiles, as kids and their loved ones took a shopping cart to begin their journey, shopping with a hero for Christmas that is.Wednesday night Meijer in Alpena provided 30 boys and girls with a $100 gift card to go shopping with, to make their holiday wishes come true.“They can use that (card) to purchase one big item or a lot of small items… And you see a little bit of everything with the kids and what they purchase,” Richter said.Since 1934 Meijer has been giving back to charities like shop with a hero.“Since day one it’s been about giving back to the communities that we service. We give back as a company 6% of our annual profits to various charities and organizations and this is just one of them. Being able to do this at a local level and allow these kids to come in and shop for their Christmas, which they might not otherwise be able to have,” Richter added.Partnering with DHS, Meijer provided Christmas gifts for some of the most needy children in Alpena and the surrounding counties.Store director, warren Richter said he enjoys watching each child listen to a hero’s story as they shop.“You see a lot of everything with the kids that come in to shop. You’ll some that are very serious about shopping for that mom or that dad or that brother or sister, and you see a little bit of them shopping for themselves as well. And that’s what makes it so much fun…when you’re out there and see what they’re picking out, and hearing the stories that you know the hero’s tell back. This is a very meaningful night for them as well. They enjoy this and look forward to it every year. So it’s great to be able to be apart of the community, to be able to give back to the community, and sponsor events like this,” he finished.  AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: alpena, Christmas, Christmas wishes, Meijer, Meijer Alpena, Shop with a HeroContinue ReadingPrevious Sen. Stamas Sponsors “Peter A. Pettalia Memorial Act” AmendmentNext Rogers City Gears Up for Annual Light Up Paradelast_img read more

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