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
Statewide — Lieutenant Governor Suzanne Crouch and the Indiana Office of Community and Rural Affairs (OCRA) today announced 40 Indiana Main Street programs will receive a portion of $200,000 through Taking Care of Main Street. This is a new program providing operational support for Indiana Main Street organizations impacted by COVID-19.The goal of this program is to support Indiana Main Street organizations that provide leadership and services to the businesses and members, using the Main Street Approach, with special attention to organizations that have been significantly impacted by COVID-19. Eligible expenses could include salaries, administrative fees, space/equipment rental, or staff development and training. Below is a summary of how the Main Street organizations from Southeastern Indiana plan to use the $5,000 funding they each received: Madison Main Street Program plans to update the Madison Main Street web page with a new space for business materials, event and workshop plans and registrations, grant information and applications, real estate listings, sponsor and donor recognition, interactive maps for business locations and inventory, community press releases and staff and business training.Main Street Brookville Inc. will use the funding to coordinate programming and provide technical assistance to help transition to an online platform by helping build a business’s website integrated with merchant services. In addition, grant funds will be used to help sustain operational costs.Main Street Greensburg will use the money to fund the salary of a new part-time assistant.Main Street Shelbyville will use their funding to bridge a gap left by the loss of sponsorships, memberships, and event income. The funding will help with continued promotion and facilitation of programming such as COVID-19 survival webinar with the Indiana Small Business Development Center (ISBDC), the Downtown Highlights series, and for the administration of the downtown grant programs.
The Greek AEK wants to bring a reinforcement in the attack, and the priority is the BH national team player Vedad Ibisevic.The injury of the Algerian national team player and striker of AEK Rafik Djebbour forced the sports director of the Greek club Branko Milovanovic to seek for an adequate replacement, and the BH national team player and the current member of the Bundesliga club Stuttgart Vedad Ibisevic emerged as an ideal solution.Milovanovic is interested in several players, but he would be satisfied the most if he could manage to realize the transfer of Ibisevic, who proved himself in the German Bundesliga. Ibisevic played 143 matches for Hoffenheim and scored 48 goals, while he performed in 86 matches for Stuttgart and recorded 33 goals. Moreover, in his favourite shirt – the one of the national team of B&H – the popular Vedo played 64 matches in which he scored 24 goals.Ibisevic is under contract with Stuttgart until June 30th 2017, and if AEK does not manage to buy the player the club would be satisfied with borrowing as well.Ibisevic is 31 years old, and his market value is estimated to two million EUR.(Source: klix.ba/ photo tacno)