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ERAFP teams up with Amundi to reduce carbon footprint of portfolio

first_imgERAFP, 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 Pledgelast_img read more

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HOUSE ABOUT IT? PRESENTATION ON DONEGAL’S TRADITIONAL COTTAGES

first_imgGreg Stevenson and Joseph Gallagher with their unique book.Did you know that County Donegal has one of the greatest concentrations of traditional cottages in Ireland?As part of National Heritage Week, the Donegal County Museum, Letterkenny will host an illustrated presentation on Monday, August 25 at 7:30 p.m. entitled ‘Traditional Homes in the County Donegal Landscape’ by Greg Stevenson & Joseph Gallagher, authors of the ‘Traditional Cottages of County Donegal’ book.The book Traditional Cottages of County DonegalThe presentation will highlight common types of cottages in County Donegal, identify specific vernacular architecture features, show how these buildings blend into the county’s cultural and physical landscapes, highlight the decline in County Donegal’s vernacular architecture in recent years and identify opportunities for the conservation of traditional cottages. The presentation is open to the public and everyone is welcome to attend.“County Donegal’s vernacular architecture is remarkable,” said Greg Stevenson. “These traditional cottages evoke a sense of place and demonstrate the understanding and connection that people had with the landscape they inhabited. These vernacular buildings have stood the test of time and are durable enough to meet the demands of a modern household but they require care and imagination.“It’s surprising that the opportunities that these cottages present for our tourist industry and for the employment of skilled craftsmen have not been seized despite several national studies highlighting their importance. Many owners of these traditional cottages who have conserved their buildings are beginning to see the benefits of their investment as well as saving a part of their family’s and the county’s built heritage that is uniquely and unmistakably Donegal.”Dr. Stevenson is the founder and owner of Under the Thatch, a social enterprise company based in Wales that rescues and restores traditional buildings at risk. Once restored, these buildings are leased as holiday accommodation which has proven popular. “Under the Thatch rents out fabulous quirky places to stay, enjoys some of the highest occupancy rates in the industry and puts profits into historic building rescue projects across Europe,” said Greg who is the author of several publications including ‘The 1930s Home’, ‘Palaces for the People: prefabs in post-war Britain’, ‘Welsh Homes’ (with Gwenda Griffith) and ‘Introducing Houses of the Welsh Countryside’ (with Richard Sugget).Greg is best known in Wales as the architectural historian on the television series ‘The Welsh House’ and ‘The Welsh Town’, and in England he was series consultant for BBC Restoration. His co-author on the ‘Traditional Cottages of County Donegal’ book is Joseph Gallagher, County Donegal Heritage Officer.Copies of the ‘Traditional Cottages of County Donegal’ book will be available at a special price of €20 on the evening and the authors will be signing copies of the book. If you would like further details, please contact the Donegal County Museum, High Road, Letterkenny on (074) 912 4613. HOUSE ABOUT IT? PRESENTATION ON DONEGAL’S TRADITIONAL COTTAGES was last modified: August 20th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Donegal County CouncilJoseph GallagherTraditional Cottages of Donegallast_img read more

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