Netherlands’ largest pension fund to boost sustainable investment, divest coal by 2030

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:The Netherlands’ biggest pension fund, ABP, said on Monday it aims to reduce the carbon footprint of its asset portfolio by 40% from 2015 levels by 2025.ABP, which already set a target to cut the carbon footprint of its assets by 25% from 2015 levels by this year, follows moves by other leading funds – notably Norway’s $1.1 trillion sovereign wealth fund – to divest heavy polluting energy companies from its portfolio.ABP manages 465 billion euros ($515 billion) in assets for civil servants. Under its new target, it said it aims to invest $5 billion in “sustainable and affordable energy” companies over the next five years, adding to $10 billion already invested in such companies.It plans to exit coal and tar sands investments, with some exceptions, by 2030, it said.Peter Branner, chief investment officer at APG, the fund’s pension manager, puts companies into three ethical categories: those that it excludes completely from its portfolio – such as nuclear weapons makers and tobacco companies; those that make a positive contribution to society, which it seeks to own more of; and a third category he termed “laggards” that have room to improve and which include the Netherlands’ biggest company Royal Dutch Shell.He said Shell’s recent profit performance had been disappointing compared to that of Denmark’s Ørsted, which has become the world’s largest offshore wind energy producer over the past decade.[Anthony Deutsch and Toby Sterling]More: Netherlands’ $515 billion pension fund to accelerate cuts to fossil fuel investments Netherlands’ largest pension fund to boost sustainable investment, divest coal by 2030last_img read more

Louth ring the changes for Premier showdown

first_imgPhoto: © Tipperary GAA Twitter Tipperary Football manager Liam Kearns expects Louth to be stronger tomorrow in the League final than they were in Semple Stadium two weeks ago.The Wee County qualified for the Division 3 decider and secured promotion with a round to spare when they won that game in Thurles.Louth have made 4 changes from the team that lined out in Semple – Anthony Williams comes in at corner-back, Andy McDonnell is brought in at midfield while captain Adrian Reid and Ryan Burns bag starting places in attack. The Tipp team will be named tonight.Tipp FM will have full live coverage of tomorrow’s National Football League Final at Croke Park in association with Cleary Motors, Loughtagalla, Thurles – Renault Dealer for Tipperary.last_img read more

Clippers make pitch: DeAndre Jordan to decide future in next few days

first_imgSoon enough, Jordan will decide whether he will extend those services, presumably to the Clippers or Mavericks, fairly soon. The two days seemed more frenetic than when DeAndre Jordan swats away a shot. It appeared just as exciting as when Jordan throws down an alley-oop lob that throws fans at Staples Center into a tizzy.But instead of spending this week performing those acts that has made him a coveted free agent, Jordan listened intently to teams as they explained how they would provide the best platform for his services.That process concluded Thursday evening when he capped his free agency tour by meeting with the Clippers. Then, Jordan heard from owner Steve Ballmer and coach Doc Rivers on why Jordan’s seven-year career here should extend beyond. Jordan had already entered the free-agency period giving the Clippers “a slight edge,” according to a league source familiar with his thinking, for reasons including the team’s recent success, his continual development and close relationship with Rivers. It could help that Jordan would make $108 million through five years by re-signing with the Clippers,as opposed to the four-year, $80 million deal he would receive elsewhere. Those around Jordan also downplayed the reported tension between him and Chris Paul over both his role and poor foul shooting.The Dallas Mavericks appear the most likely candidate to snag Jordan away from the Clippers. Dallas owner Mark Cuban met with Jordan on Tuesday evening, and then hosted a 4 ½-hour meeting that entailed breakout sessions, according to a league source. With Dallas featuring Cuban, president Donnie Nelson, coach Rick Carlisle, forward Dirk Nowitzki and forward Chandler Parsons, Jordan walked away impressed with the team’s basketball presentation, the league source said. Jordan found the Lakers “very professional” and considered their two-hour meeting on Wednesday night a “strong presentation,” a league source familiar with the situation. But even if Jordan would not need to leave the comfortable confines of Los Angeles to switch teams, the Lakers are coming off their worst record in L.A. franchise history. That’s only slightly better than the New York Knicks, who met with Jordan on Tuesday morning. The Knicks have the mystique behind president and former Lakers coach Phil Jackson. But New York only went 17-65 in his first season. The Knicks also reportedly pursued center Robin Lopez in case Jordan rejected them. This entire process may have proved just as exhausting as seeing opponents intentionally send Jordan to the free-throw line. But it still spoke to the value Jordan provided as he averaged career highs in points (11.5) and rebounds (15) as well as 2.2 blocks and nearly earning NBA Defensive Player of the Year honors. center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more