UK local authority pension funds have called on asset managers to improve their performance on environmental, social and corporate governance (ESG) matters.The Local Authority Pension Fund Forum (LAPFF) said it had gathered “disappointing feedback” from a survey of its membership, which includes 79 pension funds and five local government pension scheme asset pools.In a report on the survey, which was carried out at the end of last year and to which 29 funds responded, LAPFF said the findings were “encouraging in one sense as managers are not heavily criticised” but that “a less generous assessment would be that they are damned with faint praise”.“Whichever way you interpret the results, there is certainly room for improvement,” the organisation continued. “In this respect the report throws down the gauntlet for asset managers to do much more when it comes to exercising their stewardship functions.” Overall, the LAPFF said, survey respondents were underwhelmed by their asset managers. A majority (60%) said their ESG needs were being met “somewhat well”, while just 8% gave top marks. One in five said their ESG needs were being met “very well” by managers.The survey also found that the majority (63%) of respondents felt asset managers were “somewhat effective” at engaging with portfolio holdings “to achieve concrete and measurable change in ESG behaviours”, but only 4% gave the top score.When asked how likely pension funds were to recommend their asset manager to another investor based on ESG performance, funds give an average “net promoter score” of 6.5 out of 10, which LAPFF said meant the funds were “close to being classed as unhappy customers”.Almost half (45%) of respondents stated that while asset managers asserted that ESG was integral to investment processes and valuation methodologies, they provided little evidence this was the case.At the same time, those funds who placed more weight on ESG issues were more likely to have also stated they were clearly integral to the manager’s investment processes and valuation methodologies, according to the report.“In this respect, the weight given by funds to ESG in selection matters, as it [sic ] appears to be matched in the investment processes,” said the report.“If it achieves nothing else, this survey should be a wake-up call for some actors in the asset manager sector that they are being judged on ESG performance and are often viewed as underperforming,” it continued.The report was compiled by Paul Hunter of PIRC, LAPFF’s research and engagement partner.Last week a report from the Association of Member-Nominated Trustees and UKSIF put the spotlight on the role of investment consultants in helping pension fund clients meet new ESG-related regulatory requirements, saying trustees should ensure they understood consultants’ processes for including ESG in manager selection, appointment and monitoring. Further reading: The very real limits of ESG integrationDo asset managers have what it takes?Consultants’ ESG advice ‘paramount’ given new regulationsEuropean investment professionals reject forced consideration of ESG
As the Big East enters the halfway point of conference play, fans are beginning to forget the catastrophe that was the conference’s performance against out-of-conference teams. Now every team is seemingly beating up on each other in a conference race that still has a long way to go. Pitt is the odds-on favorite to get to the BCS bowl game. After that, Syracuse and West Virginia appear to be battling for a trip to Orlando, Fla. And the teams in the middle of the Big East pack are hoping Notre Dame doesn’t get to seven wins so they all can ultimately go bowling. Here is an early look from The Daily Orange into how it will shake down come the holidays:AdvertisementThis is placeholder text Jan. 1: Fiesta Bowl, Glendale, Ariz.: Pittsburgh — Big East Champion Who would have thought before the season began that the game at the Carrier Dome between Syracuse and Pittsburgh would be the pseudo-Big East championship game? With the home game for West Virginia in this year’s edition of the Backyard Brawl, the Panthers will cruise into a slot in a BCS game. The most likely destination for a team that will be ranked between No. 15 and No. 20: Fiesta over Orange. Dec. 28: Champs Sports Bowl, Orlando, Fla.: Syracuse — No. 2 Big East Syracuse won’t win out. But even if the Orange does, it will not be enough for a BCS game. Pitt won’t lose two games. West Virginia has a much tougher Big East schedule the rest of the way than the Orange. With just one WVU loss, SU should feel comfortable that they will get to Orlando, even if there is a long way to go. Dec. 31: Meineke Car Care Bowl, Charlotte, N.C.: West Virginia — No. 3 Big East It’s an uphill battle for the Mountaineers back to a BCS bowl. The good news is they can still defeat Pitt and have a legitimate shot to get there. The bad news is that game is at Heinz Field. The even worse news is that if Notre Dame gets to seven wins, WVU will have to settle for the Big East’s fourth bowl, which would be a supreme failure. Dec. 30: Pinstripe Bowl, New York City: Rutgers — No. 4 Big East It seems like every year Rutgers somehow slips into a solid bowl game after a dull season, making a trip to a bowl that is much more worthy than the team itself. For some reason, I think it’s going to happen again this year. And it will be the ideal situation for Rutgers head coach Greg Schiano, as the Scarlet Knights will be slotted to stay home at Yankee Stadium, thanks to a tie with the other two 6-6 Big East teams. Dec. 21: Beef ‘O’ Brady’s Bowl, St. Petersburg, Fla.: South Florida — No. 5 Big East Speaking of staying home, if USF, Rutgers and Louisville all beat up on each other in the middle pack of the Big East, USF won’t have to travel anywhere. Skip Holtz will be content with that in his first year. Jan. 8: Birmingham Bowl, Birmingham, Ala.: Louisville — No. 6 Big East As the least appealing team in the New York City and Tampa markets, Louisville will stay down south. The main team Charlie Strong should be worried about for a bowl bid is Utah. If the Utes slip up versus Notre Dame, UL will be the team left out of the selection process, thanks to the two hometown hosts for Rutgers and USF, as Notre Dame needs seven wins to steal one of conference’s bowl slots. [email protected] Jan. 1: Fiesta Bowl, Glendale, Ariz.: Pittsburgh — Big East Champion The Backyard Brawl will likely determine the winner of the Big East, and I see Pitt defeating West Virginia in Pittsburgh. Even if Pitt loses to any conference team not named WVU, it appears it will still claim the top spot in the conference. Two losses in-conference and the league is suddenly wide open. Dec. 28: Champs Sports Bowl, Orlando, Fla.: Syracuse — No. 2 Big East If Syracuse wins out, this would be a worst-case scenario. Doug Marrone referred to a bowl talk as a ‘four-letter word,’ but I’m guessing SU’s place in the Big East standings is something that plays on his mind. A loss this weekend would obviously be a hit but not necessarily a major setback. Dec. 31: Meineke Car Care Bowl, Charlotte, N.C.: West Virginia — No. 3 Big East West Virginia may still finish No. 1 or No. 2 in the conference, despite a loss last weekend. WVU needs to win out and hope SU falls at least one more time to claim the top spot. But the thinking here is that the Mountaineers will lose at least one more game and finish No. 3 in the conference. Dec. 30: Pinstripe Bowl, New York City: South Florida — No. 4 Big East Though SU fans might like to see the Orange in the first ever bowl hosted at the new Yankee Stadium, finishing No. 4 would obviously be a step back from its current ranking. Still, can you imagine all the Syracuse support at that potential game? I see USF landing here, especially after taking down Cincy. Dec. 21: Beef ‘O’ Brady’s Bowl, St. Petersburg, Fla.: Cincinnati — No. 5 Big East Just one year removed from running the table in the Big East, Cincinnati has had much different results this year. Quarterback Zach Collaros might be out this weekend and beyond, which doesn’t bode well for a team that has struggled even with him in the lineup. Jan. 8: Birmingham Bowl, Birmingham, Ala.: Rutgers — No. 6 Big East Grabbing the final spot is the Scarlet Knights, which has been up and down this season. Connecticut and Louisville both have a legitimate chance of becoming bowl-eligible but have not played nearly consistent enough to finish any higher than No. 6. [email protected] REBUTTAL: Andrew L. John Goin’ Hog wild Comments BLOG POST: Tony Olivero Purify the colors Published on October 27, 2010 at 12:00 pm Facebook Twitter Google+
DES MOINES — As dozens of Iowans die every year from opioid overdoses, the state is sponsoring a new initiative offering every law officer in the state a free two-pack naloxone kit.Kevin Gabbert, the state health department’s opioid treatment program director, says the kits are easy to use and they’re genuine life-savers. “This nasal spray can be used to provide naloxone to the person and it’s something that’s done through the nose,” Gabbert says, “and the intent is that it will reverse the opioid overdose that’s occurring and allow time until medical care can be provided.”Gabbert says if the spray is used on someone who is -not- having an overdose, there are no ill effects. In 2017, there were 206 opioid-involved deaths in Iowa. Preliminary data for 2018 shows that number has dropped to 137. Until those numbers drop to zero, Gabbert says it’s important that our police officers, sheriff’s deputies, state troopers and others are prepared.“Quite often, our law enforcement personnel are the first to a scene when a suspected overdose has occurred,” Gabbert says. “Having the ability to administer naloxone without delay could mean the difference between life and death. In some cases, it may actually be the law enforcement officer whose life is in danger because of accidental exposure to an opioid or suspected opioid.”There are about 6,000 law officers in the state and it’s unclear how many individuals or departments may request the kits. The state is planning to make one large purchase, at a discount. “Typically, if a person were to go to a pharmacy and purchase the two-pack Narcan kit that we’re providing, it would be about $150,” Gabbert says. “We’re able to purchase it directly from the manufacturer and obtain what they call ‘public interest pricing,’ and so we can get it for $75 for the same two-pack kit.”The program is being sponsored by the Iowa Department of Public Health, with support from the Iowa State Sheriffs’ and Deputies’ Association and the Iowa Police Chiefs Association. Law agencies can request the free kits by calling the IDPH at 515-281-7689.