Four Danish pension funds return to PRI, but two still unconvinced

first_imgFour of Denmark’s biggest pension funds have once more become members of the UN-backed responsible investment organisation PRI (Principles for Responsible Investment), after quitting the body in 2013 in protest at the way it was run.But Industriens Pension and PensionDanmark – the two other major pension funds in the Nordic country that left the PRI at the same time – have not said they are re-joining.In a joint statement, ATP, PFA, PKA and Sampension said they had decided to join the PRI again.They said: “In 2013, the pension companies withdrew membership from the organisation, as it did not meet the basic requirements for management structure.” The decision about resuming membership was made after three years of critical dialogue with PRI’s board, they said.Ole Buhl, head of ESG at ATP, told IPE: “When we left in 2013, we stated a number of concerns, and what we have been evaluating is whether all those concerns have been met.”He said ATP was now happy with the new governance of the PRI, even though it had not reverted to the old constitution but rather adjusted the new constitution it subsequently put in place.Under the old framework, ATP and other investors were legal members of the organisation – which ATP preferred – but now their status is simply that of signatories.“We are very happy, and sometimes you don’t get everything you ask for,” Buhl said.The four Danish pension funds said PRI chairman Martin Skancke had listened to their criticism, and that the organisation had changed both policies and management structure, as well as increased the “visibility” of its plans and decisions.“Thirdly, the board has been receptive of arguments in the ongoing dialogue with the Danish pension companies,” they said in the statement.During the period when they were not part of the PRI, the four funds said they had complied with the UN-supported principles for responsible investments. Skancke said the organisation was delighted to welcome the four Danish pension funds back.“We have had constructive informal discussions with them over the last several months and sought to explain how their governance concerns were addressed following our governance review, which was approved by more than 95% of signatories voting,” he said.“This overwhelming support for the new governance structure and articles of association clearly demonstrated that signatories were pleased with and supportive of these changes.”PensionDanmark, meanwhile, said the situation regarding the PRI had not changed.Jens-Christian Stougaard, PensionDanmark’s senior vice-president for business development, analysis, public affairs and corporate social responsibility, said: “We have not had any direct discussions with the PRI since a meeting in November 2015.“When we left the PRI in 2013, it was because we observed that the governance of PRI did not live up to the standards we expect. “If the PRI re-establishes the original principles of governance – for example, membership rights, having an AGM, etcetera – we will give serious consideration to re-joining.”Until then, Stougaard said the pension fund would carry on with its efforts as an active and responsible investor across asset classes and geographies.last_img read more


first_imgCounty A Champions TermonTERMON, Milford, Na Dunaibh and St Mary’s Convoys picked up the four county titles on offer at Mac Cumhaill Park on Saturday as the U14 finals day drew wonderful support to the twin towns.It was the Proud Mary’s who got the day off to a cracking start in a fantastic D Final encounter against a very impressive Dungloe side.The Convoy girls, captained by the fabulous Ellie Barron, went on to win 4-03 to 2-05, seeing off a Dungloe comeback in the end to lift the County U14 D title. Next up in the C Final was the derby clash between Fanad Gaels and Na Dunaibh.A pulsating first half saw the Downings girls just shade it as they led 5-05 to 4-05 at the break.But any chance of a Fanad comeback in the second half was soon seen off as Na Dunaibh ran out easy winners in the end with some sparking displays in their fill forward line.Milford went into the B Final as clear favourites but fair play to Gaoth Dobhair who dominated for long periods during the opening 20 minutes. But goals win games and some good performances from Megan Ryan and captain Claudia Ward saw Milford lift the title, with player of the match Kellyann Buchanan hitting the goal of the day. Best for Gaoth Dobhair was county star Clodagh Ní Ghallchóir who hit 1-05.The showpiece A final was between last year’s runners-up Termon and St Eunan’s.It was a nervous and tense games for long periods, each side trading point for point before Termon hit a goal just before the break to edge in front by 3 points.Player of the Match Eimear Alcorn was in outstanding form for Termon, winning key possession when it mattered.Eunan’s had several goal opportunities with Niamh Walsh in outstanding form, but luck wasn’t with them on the day and Termon landed the A trophy with a 2-11 to 0-10 victory. Ciara McGarvey and Aoife Kelly hit the Termon goals whilst eight of Eunan’s points came from frees, five from Claire Doherty and three from Niamh Walsh.The standard of football on display throughout all four games shows how far ladies football has progressed in Donegal and augurs well for the future for both clubs and county.And once again Mac Cumhaills came up trumps as brilliant hosts.St Mary’s Convoy celebrate their winMilford were crowned B ChampionsFOOTBALL THE WINNER AT FESTIVAL OF U14 GIRLS FINALS AT MAC CUMHAILL PARK was last modified: July 19th, 2015 by John2Share 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:Daydonegalfinalsladies footbaMac Cumhaill ParkU14’slast_img read more

Fulham have offer for winger Jarvis rejected by Wolves – report

first_imgFulham have had a £4.5m bid for winger Matt Jarvis rejected by Wolves, according to The Sun.West Ham are also believed to want the England international, but Wolves appear determined to keep their top players.The Daily Mirror suggest Fulham are leading the chase to sign Ivory Coast striker Arouna Kone from Spanish club Levante.The 28-year-old is reported to have snubbed moves to Russia and Qatar because he is keen to play in the Premier League.The Daily Mail report that Blackburn are close to signing Fulham midfielder Dickson Etuhu and have moved ahead of the Whites in the race for Huddersfield striker Jordan Rhodes.Meanwhile, former Chelsea boss Carlo Ancelotti wants to sign Ashley Cole for Paris St-Germain, the Mirror say.There has been speculation about the England left-back’s future because he is now in the final year of his Chelsea contract.And it is claimed that Ancelotti is looking to capture him on a three-year deal.Raheem Sterling is again linked with a move from Liverpool to Tottenham – this time by The Sun.It is suggested that Spurs will offer £7m for the 17-year-old from Harlesden and that he would welcome a return to the capital.Sterling was recently linked with a loan move back to QPR, who lost him when he left Loftus Road to join Liverpool in 2010.This page is regularly updated. Follow West London Sport on TwitterFind us on Facebooklast_img read more

How I Moved From Residential Construction into the Commercial Market

first_imgI started my foray into the construction business in the early 1980s. After a stint as a sculptor’s apprentice and assistant, I opted for what I hoped would be a more stable life for my young family.I had been raised in construction. My father, grandfather, and uncles were all in construction. I picked up a hammer at an early age and was, with my father’s patience and guiding hand, fairly skilled in carpentry by the end of my high school years.I worked my way through college as a framer and developed proficiency in cabinetmaking and fine carpentry by my mid-twenties. I had always wanted to have my own business. Construction was a natural choice for me.I started out as a member of a small builder’s co-op that evolved into a partnership. In the ’80s, we built a couple of high-performance passive solar homes each year. We experimented with a number of strategies. The book Building for Energy Independence: Sun/Earth Buffering and Superinsulation was our Bible. RELATED ARTICLES Solar Versus Superinsulation: A 30-Year-Old Debate Multifamily Construction is Good News for Green BuildingMy Forays Into Multifamily Affordable HousingInsulating an Old Brick Dormitory Multifamily Green Building Certification Still Has IssuesMultifamily Passivhaus Project Starts in OregonA Multifamily Greening in HarlemA Net-Zero Multifamily Project in Seattle Green Multifamily Projects in the Neighborhood Stabilization ProgramOnion Flats’ Big Multifamily Passivhaus PlanA Passivhaus Take on Multifamily Moving into a different worldThe commercial building world is quite different from the residential market. The expectations are different. The stakes are higher, as the buildings are larger and the occupants present many variables. After taking a close look at our internal operations, I realized there would be significant benefits to formalizing our systems of communication and project administration.The next step in my professional evolution was to set a goal for building high-performance buildings on a commercial scale. The following step was to understand that there was a lot that I didn’t know about running a commercial construction management company. After realizing what I didn’t know, I set myself on a course of study to learn the things I needed to know to attain that goal.I committed myself, with my family’s support, to a course of study that vastly improved my chance of success in this new venture.I’ve summarized the key steps in my journey in hopes that they may prove useful to others in our community. Michael Bruss was the founder and president of Bruss Construction and Integrated Building Energy Associates. He is the owner of Bruss Project Management. This post was originally published at NESEA’s website. Ultimately, we moved toward strategies of superinsulation and airtightness and away from the hassles associated with sloped glass and movable insulation. After learning of Joe Lstiburek’s work, we quickly realized the Canadians were a lot smarter about building performance than we were. We started trying out various insulation and air-sealing strategies that were prevalent at the time.We were a small outfit of trusted tradespeople with a steady flow of decent work through the 80s. As I was challenging myself to have a positive impact on the environment, I did the math and recognized that we could have a bigger impact if we applied the same concepts to larger commercial buildings. Since this decision, I have had the good fortune to build and renovate close to one million square feet of high-performance building projects. Challenges and rewardsWorking with a strong design team to complete a quality high-performance building project with a process involving innovation and openness is a very rewarding experience. As I look back on the projects over the years, I recount the challenges and opportunities we encountered along the way and I find that the most successful projects all had a number of team members from the NESEA community. It is here that I find a supportive community that challenges me to reach for a better future. I needed a new kind of educationIn addition to reading every book I could find about commercial construction project management, I enrolled in the Graduate Certificate in Construction Management program at Northeastern University. This commitment to three years of night school – while running a small business and raising two active kids – gave me a number of things that I needed to succeed as a commercial contractor.I already had the technical knowledge and a passion for constructing quality buildings. What I needed was the discipline and administrative consistency of recognized industry standards to be able to deliver a project in the commercial and institutional marketplace. The education I pursued gave me the knowledge and background to develop a construction management process that was designed to deliver innovative high-performance building projects.I tested my newly developed process with a great team of building performance gurus, including Stu White and Marc Rosenbaum, in 2001 on the first LEED Gold commercial building project built in New England.I relied upon several folks from the Northeast Sustainable Energy Association community, including Marc, James Petersen, Bruce Coldham, and Tom Hartman, who were always willing to take the time to discuss how to better deliver a quality building project. These conversations were often less about where to put the air barriers and more about how to motivate tradespeople to care about actual results.I needed to redevelop my team building and communication skills. Recognizing that institutional projects often required me to work with several “owners,” all of whom had different interests and agendas, I soon understood that these skills were essential. We were no longer working with couples who owned residential buildings; working with married partners has its own complexities. Often in an institutional project, the “owner” consisted of the heads of schools, directors of facilities, faculty members, directors of development, and business managers – all on one team!last_img read more

Moyes appointed Sunderland manager

first_imgSource: Reuters, cyprus-mail.comTweetPinShare0 Shares Sunderland appointed David Moyes as their new manager on Saturday, replacing Sam Allardyce who has taken charge of the England team.The 53-year-old Moyes, who has been without a club since being sacked by Spanish side Real Sociedad in November, has signed a four-year contract at the Stadium of Light, the Premier League club said in a statement.“I am delighted to have joined Sunderland. I am relishing the challenge and excited by the opportunity,” Moyes told Sunderland’s website.“I have taken over a big British club, with a great support and I’m looking forward to working in the Premier League again.“I look forward to continuing the good work done by Sam.”The Scot’s last managerial job in England was his ill-fated spell in charge of Manchester United in 2013-14, following Alex Ferguson’s retirement.He has also managed Preston North End, with whom he won the Second Division title, and Everton, where he spent more than 11 years.Under Allardyce Sunderland narrowly avoided relegation last season, finishing fourth from the bottom in the 20-team league.“We are absolutely delighted to welcome David Moyes to Sunderland, who was by far and away our first choice,” Sunderland chairman Ellis Short said.“He is a man whose football pedigree speaks for itself and is someone I have long admired.“He was my number one managerial target for the last five appointments, but his desire to honour existing contracts meant we were not able to bring him to Sunderland previously.“To be able to finally welcome him as our manager is fantastic news for the club.”last_img read more

Winnipeg volunteers conducting homelessness census

first_imgAPTN National NewsIt’s a problem that plays out in cities across the nation.On any given night, hundreds of people are staying in shelters or living on the streets.In Winnipeg, as APTN’s Dennis Ward found out, volunteers are conducting a census in an effort to get a handle on homelessness.last_img