Institutional investors move to increase ESG reporting from stock exchanges

first_imgHowever, many cite uncertainty of information as a barrier to sustainability reporting.The report submitted to WFE calls for three aspects to be harmonised, including the disclosure of material ESG risks faced by listed companies, a minimum standard for ESG information disclosure and improving access to information.The advocacy group said the global standard could see companies openly discuss their process for ESG risk determination, a better disclosure or ‘comply or explain’ mechanism, and simple navigation to an ESG disclosure index.Ceres said the exchanges should determine when it applied to listed firms, but recommended large caps comply almost immediately after the report is approved, with smaller-cap firms being given a reasonable timeframe for implementation.The submitted report was aided by the support of more than 100 institutional investors and backed by the world’s largest asset manager, BlackRock.Thomas DiNapoli, a New York State Common Retirement Fund trustee and state comptroller, said it was known that long-term growth required integrated ESG matters.“A global standard for sustainability reporting would give investors data to assess performance and risk, while allowing exchanges and companies to address specific market regulations and cultures,” he said.The report is now open for consultation, being run by the WFE, for investors and stock exchanges to comment.The proposal also received backing from the Principles for Responsible Investment, the Global Reporting Initiative and several other asset managers.Mindy Lubber, president of Ceres, said investors had long lamented the lack of disclosure and comparability.“The time has come for a broadly adopted sustainability disclosure standard – one that moves beyond voluntary approaches,” she said.“We look forward to the feedback from exchanges.” A team of an advocacy group, asset managers and institutional investors have joined forces to engage global stock exchanges to incorporate a uniform standard for sustainability reporting.The lobby, led by Ceres and supported by BlackRock, as well as a range of global institutional investors, has submitted a proposal to the World Federation of Exchanges (WFE).It aimed to increase harmonisation and disclosure of sustainability and environmental, social and governance (ESG) matters, across all stock exchanges.Ceres said the proposal was taken to the WFE as clients, and institutional investors, in general came under heightened pressure for responsible stewardship.last_img read more

Thornton goes 9-for-9 at Arizona Speedway

first_imgAPACHE JUNCTION, Ariz. (Aug. 29) – Ricky Thornton Jr. capped off a perfect season at Arizona Speedway with his ninth Xtreme Motor Sports IMCA Modified victory in as many events Saturday evening.With a maximum possible 360 points, Thornton led Brian Schultz, Chaz Baca Jr. and John Morris Jr. in the top four standings.Thornton has plenty of racing left in the 2015 season as there are still six races left in the 2015 San Tan Ford Modified Championships.He’ll compete at the upcoming IMCA Speedway Motors Super Nationals fueled by Casey’s. Thornton will start the Sept. 11 Fast Shafts All-Star Invitational.last_img read more

FH : International players lead SU into NCAA tournament

first_img Comments Martina Loncarica clenched her fists and let out a roar in celebration.The senior midfielder had just given Syracuse a 3-0 lead over Connecticut in the first half of Sunday’s Big East championship game, smacking a penalty stroke into the bottom right corner of the goal.Turning around, she sprinted out of the shooting circle, and upon reaching the top of the arc, she flung her stick toward midfield and leapt into the arms of Amy Kee.‘It’s just the way I react when I score. I might get in trouble sometimes for doing that, but it’s OK,’ Loncarica said jokingly.This unhindered passion originates from Loncarica’s childhood in Buenos Aires, Argentina. She and fellow Argentine Stephanie Hussey bear the traditional strengths of players from their homeland: strong dribbling ability and individual flair.AdvertisementThis is placeholder textBut the Argentines are just two of seven international players on No. 3 Syracuse (18-3, 5-1 Big East). Five different countries are represented on SU’s roster, and players from each of those nations bring unique skill sets that stem from their cultural backgrounds.The diverse group of players has bonded into a cohesive unit that not only won the conference tournament, but earned the No. 3 overall seed in the NCAA tournament. In Saturday’s opening-round game in College Park, Md., the Orange faces Richmond (16-6, 5-1 Atlantic-10) at 11:30 a.m.‘Everyone has a little bit of something that they bring from their countries,’ Loncarica said Nov. 2. ‘ … I use my skills, which is typical from Argentina, to just dribble, and I’ll find the passes after.’Over the course of the season, the senior midfielder has showcased a series of on-ball maneuvers, sometimes flicking the ball into the air and juggling past a defender.In the opening minutes of SU’s Big East tournament semifinal victory over Villanova, Loncarica received a pass on the left side of the shooting circle roughly 15 feet from the goal. Facing away from the net, she turned her stick and popped the ball backward through her legs. The shot missed just wide left, but it was an attempt few would try.Loncarica credits these abilities to juggling sessions and pickup games with friends growing up. Now at SU, though, she is tactful in implementing those tricks.‘Of course, you have to have fun, but be efficient for the team,’ Loncarica said.‘ … But yeah, if we’re controlling the game, at some points if you can do some things to enjoy what you’re doing, then why not?’In contrast to Loncarica and Hussey, senior midfielder Liz McInerney, who is from Dublin, Ireland, excels on defense. She displays excellent vision and structure on the field, frequently filling lanes to intercept passes.In comparison, sophomore midfielder Leonie Geyer and sophomore back Laura Hahnefeldt, or ‘the Germans,’ as Kee called them, bring a comprehensive understanding of the game and a mastery of the basics: pushing, hitting and blocking.‘They’re smart, they’re skillful and very gifted intellectually, both of them,’ Bradley said.Like Geyer and Hahnefeldt, junior backs Kee, from Hertford, England, and Iona Holloway, from Glasgow, Scotland, were also taught the fundamentals at an early age — something that has helped them playing out of the back, Holloway said.After first being taught to push the ball, Holloway soon learned how to ‘drag.’ But it wasn’t until six months after she first picked up a stick that she learned to actually strike the ball, and it was another year before she played a game.The success of that training is easy to see, especially on the defensive end.Holloway has shut down opposing forwards all season long. She repeatedly lowers herself toward the ground, squares her stick to the turf and knocks the ball off the opponent’s stick.On Friday against Villanova, she actually flipped a Wildcats player after taking the ball away.Together, the seven international players have helped lead the Orange to its fourth NCAA tournament in as many years. But four victories remain between SU and its ultimate goal of becoming the national champion.On Saturday, Syracuse can take the next step against the Spiders.‘I’m very happy and very proud of what we’ve accomplished, and we still have one more thing to accomplish,’ Loncarica Published on November 9, 2011 at 12:00 pm Contact Stephen: | @Stephen_Bailey1center_img Facebook Twitter Google+last_img read more