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
Black Maidens will enter the Bayil Stadium in Baku on Wednesday aware that only a win can keep their hopes of a second round berth at the FIFA U-17 Women’s World Cup Azerbaijan 2012.Ghana’s U-17 women’s team face newcomers, Uruguay in Group D after either side lost their opening game.For the Black Maidens, who are making their third-time appearance at the competition, they cannot afford to lose, having overcome the heartache of their a 2-1 defeat to Germany on Sunday.Mas-ud Didi Dramani’s side can change their destiny at the competition, a belief held by Ellen Coleman, one of the competition’s veterans and who is making her third appearance following her debut in 2008.“It [defeat to Germany] was our first game and we promise that we’re going to win our next game and get out of the group,” she said.“We have a lot of belief in our team and in our ability. Though we couldn’t get the win in our first game, we need to keep our chins up and believe we can beat Uruguay and China. If we can get out of the group, I think we can make the semis or even the final here.”
1 Fabian Spiess Bristol Rovers have completed the emergency loan signing of Notts County goalkeeper Fabian Spiess.The 20-year-old, who made his first-team bow for the Magpies in 2012, will link-up with Darrell Clarke’s Conference side until January 1.It is not the first time County academy graduate Spiess has spent time away from Meadow Lane, the shot-stopper previously spent time on loan at Lewes and Corby Town.
1 Geoff Cameron Stoke City have launched an appeal against Geoff Cameron’s red card in Saturday’s 2-1 defeat to West Brom.The midfielder was sent off late on in the Hawthorns clash for pushing Claudio Yacob in the back of the neck.The Potters were level at the time but went on to succumb to a stoppage-time winner from Jonny Evans.Hughes criticised referee Lee Mason’s decision to show Cameron a straught red after the game and blasted Yacob’s reaction to the push.Now Stoke have decided to challenge the decision in a bid to overturn the American’s automatic three-match ban.