ERAFP, the €16bn French public sector pension fund, is to lower the carbon output of a €750m equity portfolio by more than one-third.The scheme – a signatory to the Montreal Carbon Pledge together with PGGM, the UK’s Environment Agency Pension Fund and AP4 – said it would be working with French manager Amundi to lower the carbon intensity of one of its portfolios by 40%.It said the portfolio’s index would employ a ‘best in class’ approach, additionally excluding the 5% of companies deemed most polluting and the bottom 20% of companies in each sector.“While monitoring this mandate closely, ERAFP will continue its work on measuring carbon and climate risks with a particular focus on supporting research and development initiatives aimed at assessing the alignment of investments with climate objectives,” the fund added in a statement. Julian Poulter, executive director of the Asset Owners Disclosure Project, said the main argument for reducing the carbon footprint was not about morals or ethics but financial risk.Philippe Desfossés, chief executive at ERAFP, added: “It is hard to dispute that carbon is a risk. So how can we fulfil our duty of trust if we don’t implement the systems necessary to assess this risk to reduce it? And worse still, having measured the risk, we don’t disclose it to stakeholders?”The Montreal Carbon Pledge hopes to attract institutions worth $3trn to the initiative in time for the Paris climate change talks.Swedish buffer fund AP4 and France’s Fonds de Réserve pour les Retraites previously committed €1bn each to low-carbon indices designed with Amundi.,WebsitesWe are not responsible for the content of external sitesLink to homepage of Montreal Carbon Pledge
Tottenham inflicted Maurizio Sarri’s first competitive defeat as Chelsea boss to leapfrog their London rivals into third in the Premier League with a 3-1 win at Wembley that barely reflected Spurs’ dominance.Dele Alli and Harry Kane put the hosts 2-0 in front inside 16 minutes and Son Heung-min’s brilliant individual run and finish early in the second-half hauled Mauricio Pochettino’s side back to within five points of league leaders Manchester City.Olivier Giroud pulled back a late consolation for Chelsea, who slipped eight points off the leaders with a dreadful display that left Sarri visibly frustrated. By contrast, Spurs couldn’t have started a huge week in better form with a do-or-die Champions League clash with Inter Milan and the North London derby against Arsenal to come.Chelsea were unbeaten in their first 18 games in all competitions under Sarri, but were blown away by a combination of Spurs’ flying start and some questionable defending.The world’s most expensive goalkeeper Kepa Arrizabalaga also failed to cover himself in glory for both of Spurs opening goals.Alli got ahead of his marker to flick home Christian Eriksen’s free-kick despite the £71 million Kepa getting a hand to the English international’s header.Eight minutes later Kane was given acres of room to stride forward and take aim from outside the area, but again Kepa could have done better as the Spaniard stood motionless while the ball nestled in the net low to his right.Chelsea felt aggrieved as they could have had a penalty seconds before Kane’s goal when Juan Foyth appeared to trip Eden Hazard inside the area.Alvaro Morata was then denied at point-blank range by Hugo Lloris as the visitors briefly threatened to get back into the game. But they remained a shambles at the back and were lucky not to be put to the sword more comprehensively after the break.Spurs’ solitary second-half goal was delivered in style by Son as he accelerated past Jorginho and David Luiz before slotting his 50th goal for the club into the far corner.Kane then somehow fired over with the goal at his mercy and Alli also skewed a great chance off target as Sarri bellowed at his side to regain some composure.The Italian managed to make a difference with the introduction of Ross Barkley, Pedro Rodriguez and Giroud from the bench. And it was Giroud who grabbed Chelsea’s consolation five minutes from time when he powered home Cesar Azpilicueta’s cross at the back post.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Son and Kane got a goal each in a dominant Spurs performance
He’s come under increasing pressure since Wednesday’s 5-1 Champions League defeat at Bayern Munich.Domestically, Arsenal haven’t won the top flight for 13 years.Wenger’s been at the club since 1996 – he says he’ll do what he thinks is right.
AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisBrew On The Bay is coming up next month and this year the proceeds are going towards an exciting project in Alpena. Each year the Rotary Club partners with Alpena Beverage to help raise money for local projects. This year there will be over 30 vendors, over 200 auction items available for people to bid on, 20 live auction items and a variety of silent auction items. Through events like Brew On the Bay, the Alpena Rotary Club has been able to help raise money for multiple projects around Alpena and this year the proceeds will be going towards the splash park.Brew On the Bay will be held at the Aplex on March 1st from 6–10pm if you’re interested you can purchase tickets from Neiman’s family market, Alpena Area Chamber of Commerce, Perch’s IGA or from the Rotary Club AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: Brew On The BayContinue ReadingPrevious WBKB News Team Takes A Plunge For a Great Cause!Next West Branch Regional Medical Center to become MidMichigan Affiliate