PRI consults on challenges to ESG, active ownership in passive investing

first_imgThe Principles for Responsible Investment (PRI) has launched a consultation to try to identify ways of overcoming challenges to incorporating environmental, social and governance (ESG) factors and active ownership into passive investing.The organisation hopes to obtain feedback from asset owners, investment managers, and index providers.According to Toby Belsom, director of investment practices at the PRI, the growth of ESG in passive investing was facing two challenges. One category of challenges had to do with technical issues surrounding ESG data quality and index construction, while the other was about how investors could ensure they remained active owners while following a passive strategy.For example, passive asset managers may not be incentivised to recall any shares on loan to vote at annual general meetings because of the bigger difference stock lending makes in terms of income for passive funds compared with active funds. The organisation intends to collect feedback via a short survey and events. The survey is not restricted to PRI signatories; questions are also being asked on the organisation’s “collaboration forum”, which is only for signatories. The consultation process will run until the end of October.The survey asks respondents to rank challenges, in order of significance, to ESG incorporation as well as active ownership. The challenges named include consistency of corporate data, complexity of benchmarks and indices, and unintended portfolio skews. For the active ownership question, challenges named include lack of research and resourcing, “free-riding”, and divestment.The survey also asks what impact the EU’s taxonomy of environmentally sustainable activities will have on the passive investment market. In a discussion paper, the PRI itself said the full implications of the taxonomy would not become clear for some time, but it was likely to influence the construction of ESG indices and passive funds. The PRI has already published research and case studies focusing on the integration of ESG into passive, quantitative and smart-beta strategies, but said it was launching the consultation because it was interested in “developing market thinking in this area due to its rapid development over the last couple of years and the increasing importance of passive strategies”.Signatories had registered significant interest on the topic, according to the PRI.last_img read more

SB : Watts, Watson each homer to avenge earlier bad breaks

first_imgStephanie Watts and Jasmine Watson made a pact in center field.In the second game of a doubleheader against Rutgers on Saturday, they swore they wouldn’t give Scarlet Knights center fielder Lindsey Curran the chance to track down their fly balls.Curran robbed two potentially game-tying home runs to help Rutgers upset the Orange in the first game, so Watts and Watson promised they’d clear the wall this time.‘In between games, I went up to Watson and I challenged her to hit more home runs than me,’ Watts said. ‘It was a friendly thing, but we wanted to make sure we got those home runs back.’Both players smashed home runs that sailed over Curran, earning them redemption in a 5-3 win over the Scarlet Knights at Skytop Softball Stadium on Saturday. Syracuse (34-11, 11-3 Big East) defeated Rutgers (22-24, 9-10 Big East) 1-0 in the series finale Sunday to take the weekend series.AdvertisementThis is placeholder text‘It was great to see them bounce back like that after catching those bad breaks in game one,’ head coach Leigh Ross said. ‘That’s just the way the game is sometimes, but obviously they were disappointed about it.’Watts and Watson both hit long fly balls that would have cleared the fence and tied the game 3-3 to give SU pitcher Jenna Caira a shot to win a game in which she set a career high with 18 strikeouts, but Curran took them away.Curran’s most spectacular catch came when she took away Watts’ homer. In the fifth inning, Rutgers starting pitcher Alyssa Landrith threw the second baseman a changeup that she said she could ‘put some power into.’When she launched the ball to deep left center, Watts assumed she had tied the game.But Curran had other plans. She leapt at the last second and extended her glove over the outfield fence to prevent a home run.‘I thought I had it for sure,’ Watts said. ‘I actually started into my home run trot to first because I thought I had it. She made a great play, but it was a bummer to see.’Curran’s glove robbed Watson in the next inning, too. The center fielder snatched another potential game-tying blast at the fence.‘It was frustrating,’ Watson said. ‘You had two big chances to tie the game, and it just didn’t happen.’Watts and Watson decided to turn their frustrations into a friendly home run competition to start the second game. Watson said it was the perfect way to break the tension of losing a game both players felt they could’ve won for their team.In the second inning, Watson drilled her ninth home run of the year to put SU ahead 1-0, buckling the knees of Curran when she realized she couldn’t track down the deep shot to straightaway center field.When she realized she hit the home run that evaded her in the previous game, Watson threw her hands up in elation on the jog to first base.‘I was a little happier to hit that one than I would’ve been otherwise,’ Watson said. ‘I’ve been struggling lately, and with what happened in the first game, it just felt good to hit one there.’Watts chased starter Abbey Houston out of the game an inning later with a two-run shot of her own, pushing the Orange lead to 3-0.From there, SU was in control, and in Ross’ eyes, Watts’ homer meant she was even with Curran for the two runs she denied them in the first game.‘You control what you can control, but it was a little bit of poetic justice,’ Ross said.nctoney@syr.edu Published on April 22, 2012 at 12:00 pm Contact Nick: nctoney@syr.edu | @nicktoneytweets Facebook Twitter Google+center_img Commentslast_img read more

Soccer team is blanked in season opener

first_imgPlaying the seventh-ranked team in the nation in front of an opposing crowd of more than 2,700, the No. 8 USC women’s soccer team wilted in the Texas heat, losing their season opener 3-0 to Texas A&M on Saturday in College Station.With temperatures at kickoff hovering in the mid 90s and humidity around 40 percent, the Women of Troy started strong by creating several good opportunities in the first half. However, they were unable to capitalize and the game turned in the Aggies’ favor near the end of the opening period.Not this time · Goalkeeper Kristin Olsen, pictured here making a save last season, was not so fortunate Saturday against the Aggies. – Pierson Clair | USC Sports Information Freshman midfielder Mary Grace Schmidt gave the Aggies the lead with only 22 seconds to go in the first half when she headed sophomore Becca Herrera’s corner kick past USC goalkeeper senior Kristin Olsen. Junior forward Whitney Hooper doubled the lead in the 73rd minute, capitalizing on a bad pass by the USC defense by sliding the ball inside the far post past a diving Olsen. In the 87th minute, with Olsen caught more than 30 yards upfield, senior Amber Gnatzig beat redshirt senior Meagan Holmes to a loose ball and shot it into an open net to complete the score line.“I just think the whole thing was a bit much for us the first time out, playing such a good team and in such a hostile environment,” USC coach Ali Khosroshahin said. “You’ve got to give A&M a lot of credit for the pressure they put us under and they forced us to make some mistakes.”The Women of Troy were the ones applying the pressure in the opening 30 minutes. Junior forward Megan Ohai forced A&M keeper Kristin Arnold to make two saves in the early going, including one from point blank range in the 13th minute.Fifth-year midfielder Marihelen Tomer also had a great chance to give USC the lead in the 15th minute, but put her shot wide of the far post. The best chance of the game for the Women of Troy came in the 34th minute when junior midfielder Ashli Sandoval cracked a shot from the top of the 18-yard box off of the crossbar.“We had some clear chances in the first half that if we put away early on, it’s a completely different game,” Khosroshahin said.Buoyed by their vocal crowd, the Aggies began to take control of the game in the final five minutes of the first half. Freshman forward Kim Castleberry and junior midfielder Rachel Shipley forced Olsen to make two saves, followed quickly by the opening goal.“The ball kind of slid out and I got tripped by one of the Texas A&M players,” Olsen said. “There was a girl open at the back post and we didn’t match up well on that and she was able to head it into the back of the net.”The second half was almost completely dominated by the Aggies. They extended their lead to 2-0 in the 73rd minute when a bad pass by a USC defender was turned into a goal by the speedy Hooper. Nora Skelton intercepted the pass and played a nice through ball for Hooper, who beat Olsen for the score.The defeat could have been much worse for the Women of Troy had it not been for Olsen, who made five of her eight saves in the second half. In one sequence in the 83rd minute, Olsen made a diving save on a Castleberry shot and was able to punch away the follow-up attempt by Hooper with one hand from her knees.Olsen was, however, caught out near the midfield line in the 87th minute and her attempted clear was headed by a Texas A&M player onto the path of Gnatzig, who found the empty net for the game’s final goal.If there was a bright spot to the opening match, it was the fact that three USC players earned their first career starts and three freshmen played in their first match for the Women of Troy.“The first game is always rough, especially with new players coming in,” Olsen said. “If we’re going to lose 3-0, we might as well do it at the beginning of the season because we can learn from it.”“The mistakes we made [Saturday], we don’t make those type of mistakes,” Khosroshahin added. “Those are things we’ll be able to correct.”The Women of Troy are in action this Friday at McAlister Field against the Mexican national team in an exhibition match.last_img read more