Austria’s VBV cuts carbon footprint by 55% in core fund move

first_imgAt the beginning of this year, VBV switched its biggest Austrian segregated account – the VBV Passive World Equities Fund – to track a low carbon index provided by MSCI, leading to a reduction in carbon intensity equal to the average annual consumption of about 40,000 diesel cars, it said.This change of index cut the fund’s weighting in the carbon-intensive sectors of energy, raw materials, and suppliers.The VBV Passive World Equities Fund has around €850m of assets and about 1,600 individual stocks, and accounts for around 40% of  VBV’s total equity portfolio.VBV said the next stage of its strategy was to roll out an environmental management system over the course of this year, across all areas of the pension fund.This would enable VBV “to once more demonstrate its leadership within the sector,” the pension fund said. The €6.3bn Austrian pension fund VBV has cut the carbon dioxide emissions of its investments by 100,000 tons a year by switching the index used as the basis of its main investment.The reduction equates to a 55% contraction in the size of the pension fund’s carbon footprint, VBV said.Guenther Schiendl, board member and CIO at VBV, said: “In the interest of our customers and with our responsibility for the market in mind, we have decided to send out a signal and hope there will be a knock-on effect among the companies we share the market with.”The pension fund said it was shrinking its carbon footprint and focusing on a sustainable decarbonisation strategy in line with the COP21 Paris Agreement. last_img read more

Challenging market conditions no barrier for developer

first_imgCraig Treasure, Villa World, CEO/Managing Director.Buyers seeking entry to the property market want affordable housing and proximity to amenities, according to residential house and land developer Villa World.In the current market conditions, Villa World managing director and CEO Craig Treasure said the company had invigorated their sales strategy to highlight their value product offering in the sector.Queensland flagship projects including The Meadows (Strathpine), Killara (Logan) and Arundel Springs (Gold Coast) have sold well.Profits and development management fees from joint ventures have provided an ongoing income stream for the company, contributing 59 land settlements at the Covella and Rochedale joint ventures, both in Queensland.Villa World recently announced a $17.6 million after-tax half-year profit, compared with $17.3 million for the same period last year.“The current challenging market conditions are part of the cyclical nature of the property industry. However, Villa World has a long history of successfully navigating through market cycles and has a forward strategy focused on helping people reach home and long-term value creation,” Mr Treasure said.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoThe company provided a market-by-market update for the half-year, noting that while sales were down, property settlements were generally consistent with the previous period.Mr Treasure said Brisbane was the company’s “greatest geographic coverage”.“More than 65 per cent of our portfolio is Brisbane,” he said.“When you look at affordability, Brisbane is the only east coast capital that is affordable – house and land packages are available for $400,000 to $570,000.“Brisbane truly has the affordability edge.”Mr Treasure said while interstate migration was strengthening, more economic activity in Brisbane was needed.“We are optimistic that following the federal election this might happen and finance situations might improve for customers,” he said. “The two big issues for Brisbane customers in the lead up to the election is – how can I borrow and how hard is it to borrow money from the banks.”last_img read more

Former Grenada senator still waiting on new job offer

first_img Share Share Sharing is caring! Share Tweetcenter_img 48 Views   no discussions LocalNews Former Grenada senator still waiting on new job offer by: – May 18, 2012 Arley GillST GEORGE’S, Grenada — Former Senator Arley Gill is reported to be unemployed, two weeks after Grenada’s Prime Minister Tillman Thomas said he had offered him a new job as an ambassador.Gill, who is public relations officer of the National Democratic Congress (NDC), was first appointed to the Upper House of Parliament in 2003 following the party’s narrow 8 – 7 general election loss to the New National Party.He chaired most of the NDC’s public meetings in the election campaign of 2008. After the party’s victory and ascension to government office, he was reappointed a senator by Thomas, leader of the NDC.However, in the aftermath of the April 30 resignation from government of MP Peter David as Tourism and Civil Aviation Minister, the prime minister announced that Gill was being removed from the Upper House to make room for a new senator, Dr George Vincent, who was sworn in as the new Minister of Tourism, Civil Aviation and Culture on May 7.“Dr Vincent brings to the position the requisite knowledge, experience, respect and track record to effectively perform the requirements of that position,” Thomas said in a national radio and television address on May 3.In the address, Thomas also announced that Gill “will be appointed as Special Envoy on Ocean Governance with ambassadorial status, to work in the first instance on the delimitation of our maritime boundaries. This is an area in which he has some expertise and keen interest.”Government sources, who did not want to be identified, confirmed that a contract has not yet been drafted and offered to Gill, who is a lawyer by profession.Gill, when contacted about the status of the special envoy position announced by the prime minister, declined to comment.At the time of the revocation of his appointment as a senator, Gill was serving as Minister of State in the Ministry of Tourism, Civil Aviation and Culture.Since assuming office almost four years ago, the government has fired or refused to renew expired contracts of several prominent NDC members and supporters.One local newspaper that is close to the government has suggested that more dismissals could be underway, with the main targets being anyone considered to be friendly to former Tourism Minister David.New Today, quoting what it describes as a “strategist” with the NDC administration, said thought is being placed on “reviewing the status of some persons who are known supporters of David and might be inclined to create problems for Prime Minister Thomas. He pointed to a few persons serving at overseas posts, especially in the New York area.”Caribbean News Nowlast_img read more

Single Vehicle Crash Claims Life of Rushville Teen

first_imgRush County, IN — A single-vehicle crash in Rush County Tuesday morning claimed the life of a Rushville teen and injured another. Rush County Deputies were called to County Road 350 East, just north of County Road 300 North, for a report of a vehicle off the left side of the road into a tree. Two teenage victims were transported from the scene by Rushville E.M.S. to Rush Memorial Hospital. Deputies then summoned Indiana State Police Crash Reconstruction Investigators to the scene to investigate the crash.The preliminary investigation by troopers indicates that the 2006 Chevy Malibu, driven by a 16-year-old male from Rushville, was northbound on CR 350 E at a high rate of speed when the vehicle disregarded the stop sign at CR 300 N and went air born over the intersection.The driver lost control of the car with it leaving the left side of CR 350 E and hitting a tree broadside. The passenger, Kameron Cox, age 16 of Rushville, was ejected from the vehicle. Cox later succumbed to his injuries at Rush Memorial Hospital. The male driver was transported with non-life-threatening injuries.The name of the driver is currently being withheld as the crash remains under investigation.last_img read more

Hoddle interest in Spurs job

first_img Press Association Tim Sherwood has been placed in interim charge of Spurs, while Hoddle, Fabio Capello and Southampton boss Mauricio Pochettino have emerged as contenders for the position. Former England boss Hoddle was in charge at Spurs between 2001 and 2003 but has not been in club management since Wolves in 2006. A story on a website co-founded by Hoddle suggested he is awaiting a call from White Hart Lane and read “ understands that Hoddle will certainly help if the club makes an approach.” Former Tottenham owner Sir Alan Sugar, ex-Spurs striker Gary Lineker and Hoddle’s former Spurs team-mate Ossie Ardiles are all backing the 56-year-old’s appointment. “For me, the man for the job is Glenn Hoddle,” Ardiles, Spurs boss from 1993 to 1994, told TalkSPORT. “I think he is a wonderful manager and he is a lot more mature, so I think he will be a wonderful choice. “He knows everything about the Premier League and Spurs especially.” Villas-Boas was sacked after Sunday’s 5-0 loss at home to Liverpool, with Sherwood placed in temporary charge. Despite the Reds reverse and the earlier 6-0 defeat at Manchester City, Ardiles has confidence in the Spurs squad. The former Argentina midfielder added: “I believe whoever is the manager will have a wonderful, wonderful squad. They have one of the best squads in the Premier League in fact. Glenn Hoddle is ready to return to football management with Tottenham, if approached by the club in the wake of the sacking of Andre Villas-Boas. “Unfortunately, things have not gone right this season, but in terms of the quality of our players it is absolutely second to none. “It is a wonderful job at the end of the day. It is a big squad and a superb squad.” Sherwood, who is already on the coaching staff at White Hart Lane, is to take charge of Spurs in an interim role, beginning with Wednesday night’s Capital One Cup quarter-final at home against West Ham. Sherwood’s interim role could be extended for a longer period depending on the club’s search for a permanent successor. The Hammers won 3-0 in the Premier League contest at White Hart Lane in early October and face a Tottenham side without captain Michael Dawson and midfielders Paulinho and Sandro. Paulinho misses the first of three matches for his dismissal against Liverpool, Dawson is banned for one match and Sandro is expected to be out for around a week with a calf injury. Danny Rose (toe), Christian Eriksen (ankle), Vlad Chiriches (knee) and Younes Kaboul (thigh) could all return, but defender Jan Vertonghen (ankle) is out. last_img read more

Cricket News Virat Kohli Intrigued By Pink Ball For THESE Reasons

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: The India vs Bangladesh Test at Eden Gardens will be a historic one on November 22. This will be the first time that a Pink Ball Test will be played in the sub-continent. It will be the first time both India and Pakistan will be playing a Day-Night Test. After years of opposition, India have finally agreed to play the Pink Ball Test under the leadership of BCCI president Sourav Ganguly, who is a fan of Day-Night Test. During the practice session at the Holkar stadium in Indore, some members of the Indian cricket team were seen practising with the Pink Ball. In the press conference, skipper Virat Kohli had his take on the pink ball. Kohli stressed on two important things while facing the pink ball.”I hadn’t played with the pink ball before. I was given an opportunity to try and I wanted to. So that was my mind-set behind playing with the pink ball. You require extra concentration to pick the pink ball suddenly when you’re playing with the red ball. It was to work on the reflexes a little bit as well. Because when you play with the red ball in the net and you arrive at the pink ball, it gets very difficult to pick, which can be the case in the game as well. To get into that zone was the reason behind it,” Kohli said.In addition, Kohli added that in order for the pink ball to be effective, the pitch must be lively and that dew will be an intriguing factor. “If the pitch has extra help for the bowlers, then they will be in the game, especially fast bowlers throughout the course of the Test match. I don’t know how the old ball behaves because with the dew and the lacquer going off, it will be interesting to see how much the old ball does. With the pink ball having enough life in the pitch will be very important factor,” Kohli added. The skipper is focused on delivering a solid performance in the Indore Test and is not too focused on the Pink Ball Test in Kolkata.Recently, Kohli had made a statement that Test matches needed to be played in five centres in order to boost the popularity of the longer format of the game. When asked about whether he does not want to see Indore hosting a Test, Kohli once again clarified.Also Read | India Will Play First-Ever Day-Night Test Against Bangladesh At Eden Gardens “I said that because if you look at the ratio, a stadium like Indore attracted a decent crowd but a lot of others didn’t. And it can’t be that one stadium gets games and the others don’t. Indore is the kind of place where if you play a T20, you won’t find a single empty seat. And in One-dayers it won’t be empty at all. It’s not about taking away matches from them. Just a vision about how we can get together and raise Test cricket,” Kohli said.last_img read more

NFF: Bitrus Bewarang Remains Technical Director

first_imgNFF’s Director of Communications, Ademola Olajire, added that “while the NFF does not and will not foreclose the possibility of a major role for Ambassador Daniel Amokachi in the federation in the future, the truth is that presently, such an appointment has not been made.“Ambassador Amokachi no doubt deserves all the regard and respect befitting his new role as an ambassador. He should not be dragged into needless controversies such as this. The NFF, once more, enjoins the generality of the media to retain the important work ethic of fact-checking and verification, and beware of empty wildfires lit by obscure online cells that lack any iota of credibility.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Nigeria Football Federation (NFF) has stated that Mr. Bitrus Bewarang remains the Technical Director of the football –governing body, and that at no time has the body called for applications from candidates for his position, not to talk of appointing anyone into the post.“This clarification becomes necessary against the background of wide-circulating but totally misleading reports of the appointment of Mr. Daniel Amokachi, a former Super Eagles captain and coach, as head of NFF technical department,” Chairman of the NFF Technical and Development Committee, Alhaji Yusuf Ahmed Fresh, said in Abuja on Wednesday. “The NFF has been bemused by this unfounded story, which no doubt must have embarrassed Mr. Amokachi himself.”Yusuf Fresh, who is also member of the CAF Technical and Development Committee, commended President Muhammadu Buhari, for appointing Amokachi as ambassador of Nigerian Football, saying that “Mr. Amokachi richly deserves this appointment as someone who served our dear nation meritoriously on the field of play as a player and coach.”last_img read more

Petition circulates in support of student reportedly injured in Charlottesville

first_imgA statement of solidarity for a USC student who was reportedly injured counter-protesting a white supremacist rally in Charlottesville, Va. began to circulate on social media Saturday afternoon, reaching nearly 450 signatures from students and professors by the time of publication.The petition was started by the USC Cinema and Media Studies Graduate Association. In it, the student organization affirms its support for Aubtin Heydari, a senior majoring in screenwriting, who was hit when a vehicle ran into him and 19 other counter-protesters, one of whom was killed. The statement also included  a reaction to USC’s lack of support for Heydari.“We are deeply appalled and disturbed that the university administration has made no public statements acknowledging that one of its students nearly lost his life while fighting against neo-fascism, racism, and injustice in America,” the statement read.Heydari said he was grateful for the support, as he recovers from his injuries in a hospital in Charlottesville. “The fact that they put this petition together and so many people signed it really touches me in a very sincere way,” Heydari said. Philana Payton, a Ph.D. student in cinema and media studies, who helped write and circulate the petition, said that she was shocked by the fact that USC has not publicly spoken about the violence in Charlottesville.“Our biggest concern is the fact that the University has yet to make any public denouncement of the alt-right, white supremacists, ‘unite the right’ rallys and neo-Nazis that are terrorizing cities across the country,” Payton said.Along with its criticism of the University’s actions regarding the attacks, the petition also states that Heydari has had to contact Disability Services and Programs on his own, despite being currently in the hospital in Charlottesville“By failing to reach out to Heydari privately and refusing to issue a statement publicly, the university has undermined the gravity of the Charlottesville attack, and neglected the wellbeing of Heydari,” the petition read.Subsequent to the petition’s publication, the post was later updated to say that Heydari had been contacted by USC administration.Heydari said he received an email from Lynette Merriman, associate vice provost for campus crisis support and intervention. He added that the message was time-marked as Aug. 13, a day after the Charlottesville attacks. Heydari said he only saw the email recently.“I have been informed that you were a victim of the tragic events in Charlottesville this weekend,” the email read. “ I am so, so sorry to hear that you were injured.  Please let me know if we can do anything to assist you … do not hesitate to contact me.” Heydari declined to comment in regard to the specifics of his injuries and the occurrences in Charlottesville. “All my life I have been called a terrorist because of my ethnicity,” Heydari posted on his Facebook the night of the Charlottesville attacks. “Today I was hit by one in a car. He was a white man.”The petition ended by thanking Heydari for fighting for equal rights and social justice, both in Charlottesville and at USC.“Heydari is consistently on the frontlines advocating for transformative social justice both on and off campus,” the statement read. “We are thankful that he survived the Charlottesville terrorist attack and that he is healing. We will continue to stand in solidarity with Heydari as he prepares to return to campus.”USC could not be reached for a comment at the time of publication.last_img read more

Heading into playoff opener with Huskies, new season begins for Badgers

first_imgForward Hillary Knight netted five goals in two blowouts against the St. Cloud Huskies this season.[/media-credit]Win or go home.Postseason has begun for the Wisconsin women’s hockey team. The Badgers host the St. Cloud State Huskies this weekend at the Eagle’s Nest in Verona, and the squad is heading into the weekend knowing it has to win to move on.“This is just a two week season,” head coach Mark Johnson said. “It’s nothing more and nothing less than what happens in the next two weeks. You can make it two weeks if you win two games this weekend.”Finishing with 30 wins on the season, the Badgers take on a struggling Huskies squad that only managed one win through 33 games.Regardless of what happened during the regular season, Wisconsin isn’t going to overlook St. Cloud by any means.“Everyone is zero-zero right now,” Johnson said. “The regular season is over. Whether you had a great season, an average season, or a bad season, it doesn’t matter right now. [It] certainly gives everybody new life that maybe didn’t have the year that they wanted to. We just have to continue to do what we’re doing.”Still, considering the last time these two teams met, the Badgers posted a total of 16 goals on the weekend while also shutting out St. Cloud both nights.Junior forward Hilary Knight netted a hat trick the first night and followed up with two more goals the next game. In a 10-goal rout Friday night, seven different Badgers found the back of the net.Wisconsin knows it needs to create the same kind of offense if it wants to extend its playoff run.“They have a really good goaltender, so shooting the puck and capitalize when we get chances, don’t try and play individually,” freshman forward Madison Packer said when asked about UW’s keys for the weekend. “Obviously, just play our game.”But for Wisconsin, the No. 1 team in the nation, the playoffs aren’t anything to get too worked up about.The seasoned Badger squad is going to approach this weekend just like any other one.“I think we’re just going to do what we’ve done all year, continue to work hard in practice and review video,” Knight said. “It’s a playoff game, we’re only guaranteed one more week, we’ve got to beat them in order to get another week.”As they’ve done all season long, the Badgers just need to create as many scoring opportunities as they can, hopefully finding the back of the net when they need it most.“They haven’t lost a game yet in the postseason and neither have we,” Johnson said. “It brings new life into a team that hasn’t had a very good season. Friday night will dictate a lot how the series will go. If they come out here like we did in the most recent three or four weekends and play with that intensity level we’ve been able to do for a long period of time, we should create chances. They’ve got a good goaltender who can make a lot of saves.”Despite the recent success Wisconsin has had and the struggles St. Cloud has faced all season, the squad knows it can’t overlook anyone, especially during the WCHA playoffs.“For one thing, this time of year, you can’t look past anyone,” Johnson said. “You don’t look anything past this weekend because we’ve seen a lot of strange things happen in this business, and plenty of things happen when you get in the playoffs.”last_img read more