Largest Dutch pension schemes commit to national climate agreement

first_imgWopke Hoekstra, the Dutch finance minister, described the agreement as “unique”, and said that foreign colleagues admired the fact that participation was voluntary but that implementation was binding. The scope of carbon emission reduction targets in the Dutch pension sector is set to widen after nine large Dutch pension funds, as well as asset managers, insurers and banks, signed up to the government’s national Climate Accord.“The signing of the agreement means broadening the current reduction goals,” said Gerard van Olphen, chairman of the Climate Accord finance task force and chief executive of the €500bn asset manager APG.“We wanted to be more than just onlookers,” he added. The agreement, in which financial institutions commit to adhering to the Climate Accord – based on the UN-brokered Paris Agreement – was signed by four industry organisations, as well as 45 other financial institutions in The Hague on Wednesday. Gerard van Olphen, CEO of APG and chair of the Climate Accord finance task forceThe Netherlands’ commitment to the Paris Agreement requires it to halve its emissions by half by 2030. “As a consequence, investors’ commitments are to apply to a much longer period, and to all other relevant asset classes besides just equity,” said Van Olphen. Most pension funds used a five year period for their carbon reduction target.The Dutch pension funds that have signed the domestic agreement have €800bn of assets between them, and include civil service scheme ABP, healthcare pension fund PFZW, the metal schemes PME and PMT as well as BpfBouw, the pension fund for the construction sector.APG and MN, the asset managers for ABP and the metal schemes, respectively, are also participants.As of 2020, signatories must report the carbon emissions associated with their holdings. They must make clear by 2022 how they will reduce emissions.An independent organisation is to monitor progress every five years.Implications unclearIt is not yet clear how tightening the reduction targets will affect pension funds.Marcel Andringa, executive trustee for asset management at PME, said the way emissions are measured needed to be harmonised.Another problem is that the Paris Agreement’s reduction target relates to 1990, whereas pension funds do not know these emissions, as no monitoring was taking place at the time.The signatories are to exchange their experiences in a forum chaired by Dutch supervisor De Nederlandsche Bank (DNB). The ‘Platform for Sustainable Financing’ is already developing a uniform method for measuring carbon emissions.Last year, more than 70 Dutch pension funds signed an international responsible investment covenant, known as IMVB in Dutch but Shaktie Rambaran Mishre, chair of the Dutch Pensions Federation, said there was hardly an overlap with the new commitment “as the IMVB covenant predominantly addressed social issues such as labour conditions”.last_img read more

Cricket News India Women End T20I Series On Bad Note, Lose By 105 Runs In Final Match To South Africa

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: South Africa were boosted by fifties from Lizelle Lee and Sune Luus as they reached a good total. In their chase, India lost six wickets for 13 runs and they never recovered as the Women’s Twenty20 International series ended on a wrong note for India with a 105-run loss in the sixth and final Twenty20 International at the Lalabhai Contractor stadium in Surat. The catastrophic collapse and the loss though was an aberation as India won the series 3-1 after two matches were abandoned due to rain. South Africa chose to bat and for the first time in the series, they were given a great start by Luus and Lee as they tackled the spinners well. Both players found the boundary at regular intervals but it was Lee who signalled her intent with three consecutive fours off Mansi Joshi. Lee continued the onslaught with two boundaries off Anuja Patil whole Luus smashed two boundaries off Deepti Sharma as South Africa scored at close to 10 runs an over. Lee notched up her fiftu with two boundaries off Arundhati Reddy and she raised the tempo by smashing a six off Poonam Yadav. Mansi Joshi continued to bear plenty of punishment as both batters took full toll when the death overs approached. The 144-run stand was broken when Poonam Yadav got rid of Lee for 84 but Mignon du Preez got going with two fours. Also Read | India Women’s Cricket Team Continue Unbeaten Run, Take Unassailable 3-0 Lead Vs South AfricaAlthough Luus (62) and du Preez (13) fell in quick succession, South Africa notched up 175/3, with the 144-run opening stand becoming the best for South Africa against India in the format. In response, India started disastrously with Shabnim Ismail, Nadine de Klerk and Ayabonga Khaka reducing India to 13/6. Veda Krishnamurthy and Arundhati Reddy staged a mini recovery but they only delayed the inevitable. With both players falling in quick succession India capitulated and lost by 105 runs. Also Read | Three Maidens In A Twenty20 International – Deepti Sharma Of India Creates RecordThis was India’s worst loss in Twenty20 Internationals in terms of runs and they will now be determined to build on their good show ahead of the three-match ODI series which will begin on October 9 at the Reliance stadium in Vadodara. The next two games will take place on October 11 and October 14 at the same venue.last_img read more

Bacchus Bulls reign supreme in Central Essequibo T20 final

first_imgFORMER national Under-19 batsman Yogeshwar Lall scored a stylish half-century, as Bacchus Bulls galloped to a comprehensive 75-run triumph against Reliance Hustlers, when the two teams met in the Central Essequibo T20 final last Sunday at the Imam Bacchus ground in Affiance.Watched by a sizeable crowd, the defending champions took full control when proceedings began at 11:30hrs after winning the toss and batting. Opener Navendra Persaud with 33 (3×4) batted solidly at the top before paving the way for Lall whose skilful touch was mixed with some degree of aggression as he gathered runs from all parts of the field.His delightful innings of 59 was decorated with 5 exquisite boundaries while he cleared the ropes twice before departing in the 14th over.The innings gathered further momentum as former national youth all-rounder 28 (3×4, 2×6) and Neiland Cadogan 27 (4×4) ensured that the Bulls capitalised at the end by registering a competitive 175-4 from their 20 overs.Medium fast bowler and former Demerara Under-19 inter-county player Anthony Ifill bowled with some venom to claim 2-30 from his 4 overs. In reply, the Hustlers were hustled out by a hostile spell of fast bowling from former national youth player Parmesh Parsotam, whose figures of 4-18 from his 4 overs, stunned the Hustlers quest for an upset win.The lively Neiland Cadogan also bowled menacingly to claim 2-15 from his 4 overs to demolish the Hustlers for 105 in 18.5 overs. Only Beesham Narine 19 (2×4) and Trevis Simon 17 (3×4) reached double figures as they were steamrolled by the Bulls for yet another title.During the presentation the winners received $50 000 and a trophy while the runners-up collected $20 000 with a trophy as well.Man-of-the-Match was Yogeshwar Lall who received a trophy while Mark Austin of Reliance Hustlers was adjudged the Most Valuable Player for amassing the most runs in the competition. The Central Essequibo Cricket Committee (CECC) representative, Autto Christiani, thanked the teams for participating and announced that similar competition will begin shortly. (Elroy Stephney)last_img read more

Neymar Sets Brazil Record as Teranga Lions Hold Brazil

first_imgNeymar sets Brazil record as youngest player to be capped 100 times Famara Diedhiou levelled from the penalty spot just before halftime after Sadio Mane was dragged down in the area.Neymar, who was not in the side that won the Copa America in June, had a relatively quiet game but went close with a 67th minute free-kick.He then teed up Richarlison whose shot from the edge of the box flashed wide.Ismaila Sarr and Mane both had chances to snatch the game for the Lions of Teranga.Although he failed to get on the scoresheet, it was still a big day for the 27-year-old, who became one of seven Brazilians to reach 100 caps.He has scored 61 goals for the Selecao, making him the third highest scorer in the history of his national team.Neymar is one behind Ronaldo but needs 16 to catch Pele who only played 92 matches. He has also provided 41 assists.He won an Olympic gold medal in Rio de Janeiro in 2016 but has experienced many disappointments for his national team, particularly at the World Cup.In 2014, in Brazil, a back injury in the quarterfinals against Colombia prevented him from being on the field for the 7-1 semifinal thrashing from Germany.He scored twice during the tournament in Russia four years later, but Brazil were dumped out at the quarterfinal stage by Belgium.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Neymar became the youngest player to make 100 appearances for Brazil on Thursday but the Paris Saint-Germain forward had to settle for a 1-1 draw as he failed to score in a friendly with Senegal in Singapore.Roberto Firmino opened the scoring for the Copa America champions with a stunning lob after a Coutinho lay-off in the eighth minute.As the half progressed, the livelier Senegal became, driven on by their captain Cheikhou Kouyate.last_img read more

Amanda Zahui B and Sweden’s prayers are answered

first_img When Sweden’s leading scorer Amanda Zahui B went to the bench with three fouls at the start of the second quarter, there was possibly reason for concern, especially as it led to a Russian comeback in the game to secure an invite to the pre-Olympic qualification games for 5-6 place in the FIBA Women’s EuroBasket. The half ended with Sweden ahead by one point, despite being outscored in the final few minutes before it finished. And while Zahui B remained on the bench to start the second half, it ultimately wouldn’t matter as the Swedes built a lead in the third and never let it get much closer again. One of those big shots came with just 22 seconds left in the game, with Sweden up by one point. When the ball came to Elin Eldebrink with the clock winding down, she went behind her back and hit a tough, contested long two to put her country up by three. She said: “I didn’t hesitate. Some players have to take those shots if it’s coming down to it, and I know I have all the players and the team behind my back to take that shot. We were made to do this.”Russia couldn’t score on the next possession, and had to foul Zahui B after Sweden secured the rebound. The center said: “I remember throwing the ball to the ref on the baseline, and I said, ‘you all better start praying for me’. I don’t know if they did but somebody was praying and they just went in.”And with that, Sweden’s prayers of a chance to qualify for the Olympics were answered.center_img Zahui B said: “I feel like she’s 12 because that’s my little baby but Regan is a young player coming in and beasting rebounds, playing amazing defense. She’s one of the best post players in Europe and it’s her first time here. We just have that confidence and trust on each other – that’s what makes us so successful. One man is down, somebody else steps up.”Sweden Head Coach Francois Gomez was impressed with the young center, but he also had praise for the perimeter players. “Our guards helped the team and drove everything perfectly. When they switched defense between man and zone, they always controlled the rhythm and tempo of the game, they always did set place and we find important shot when we need it.” The sharp-shooting center explained how the team stepped up in her absence: “I didn’t have to [be on the floor], everybody can hoop. Everybody is here for a reason. Everybody can play at a high level.”The game was controlled by Sweden early, and the Russian head coach, Olaf Carsten Lange, was disappointed with the energy level his team offered. He said: “I think we played not aggressive enough. I think pick and roll wise they are not an easy team to defend and match-up wise they are not easy team. But our whole energy the second half was not good, not where it needed to be.”Sweden’s energy, however, was higher throughout, in large part thanks to the 23-year-old Regan Magarity, who picked up the slack in the absence of Zahui B – playing 35 minutes (14 more than her average) and doubling her scoring average for the tournament.last_img read more