“In the Swiss market, there are a lot of asset managers that have had sustainable investments in place for decades”Sabine Döbeli, CEO of the Swiss Sustainable Finance (SSF) association“In the Swiss market, there are a lot of asset managers that have had sustainable investments in place for decades. They are well in [a] position to prepare the kind of offer that institutional asset owners need,” the CEO said, adding that on the other hand most pension funds are now working to define sustainable policies.Döbeli believes the Swiss market is prepared to continue to embrace sustainability as a mainstream approach for investments, although a number of asset managers are still at the start of the journey.“For this reason, we teamed up with SFAMA, the Swiss Funds and Asset Management Association, to develop recommendations on sustainable asset management that will be published next week. The guidelines encourage all mainstream asset managers to adopt sustainable investment strategies,” she added.The COVID-19 pandemic has sparked a debate on whether to stress social or environmental issues with regards to ESG policies.The Swiss Sustainable Finance association expects a shift towards social topics.“Clearly, climate change is a key challenge for our society and therefore has to be at the top of the agenda, but I also see that the crisis made people realize that it is important to take social factors into account, and I’m sure these topics will move up on both the political agenda and the one of investors,” Döbeli said.“Good governance is an important starting point to build sustainable strategies and “as an investor, you have to take E, S and G into account,” she concluded.To read the digital edition of IPE’s latest magazine click here. Overall, last year the volume of sustainable investments increased by 62% to CHF1.2trn. The figure covers sustainable investment funds (+147%), sustainable mandates (+195%) and sustainable assets of asset owners (+6 %).“What these figures really represent is a form of mainstreaming of sustainable investments. These kind of growth rates are only possible because an increasing number of asset managers and institutional asset owners are applying sustainability approaches to their broad assets,” Döbeli said.For the future, the study noted that asset owners and asset managers expect continued growth for sustainable investments with key drivers being the demand from institutional and private investors, legislative framework, political pressure, and pressure from the boards.“Our goal is to have 100% sustainable investments in a few years’ time. I don’t think there is a limit to this kind of growth, because in our view it does make sense to apply sustainability approaches in all asset classes and segments, of course in different forms depending on the asset class,” the CEO added.Equity investments rose by CHF194.4bn last year to CHF311.9bn – the largest shift recorded – among asset classes for sustainable investments, followed by corporate bonds with CHF208.9bn and sovereign bonds reaching CHF168.6bn.The report underlined that growth in equity investments can mainly be ascribed to asset managers increasingly considering ESG factors for funds that have large positions in equity and corporate bonds. Swiss investors are increasingly assessing the positive social and environmental impacts of investments in the real economy, Sabine Döbeli, chief executive officer of the Swiss Sustainable Finance (SSF) association, told IPE.“We have seen an interesting development in the past year with impact and outcome oriented approaches moving up on the list,” she said, commenting on the Sustainable Investment Market Study that SSF recently published with the Center for Sustainable Finance and Private Wealth (CSP) at the University of Zurich.According to the study, environmental, social and governance (ESG) engagement, ESG voting and impact investment recorded the highest growth rate among the different investment approaches in 2019, with the latest of the three up 209%.Institutional investors dominate the Swiss market of sustainable investment with a share of 79%, or CHF917.4bn (€850bn), but the private segment rose by 185% to CHF245.8bn.
Winfrey details her decision to withdraw from Simmons film “Afril could stay there, study and play there professionally,” said Aquino. “This is also for the future of Afril so I’m hoping more can be invited because Perlas can’t just play here in the Philippines but also outside.”Sports Related Videospowered by AdSparcRead Next The Samahang Basketbol ng Piipinas elected to just send the TNT core with Andray Blatche and select Gilas Cadets to the men’s basketball tournament in Indonesia, with the women’s team excluded from the Philippine delegation.“You never know, well they say what we did here was an eye opener and maybe there will be call from SBP ‘let’s include the women’s team,’” added Aquino. “But that’s just hoping.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownDespite going 0-4 in the group stage, and failing to advance to the quarterfinals, Perlas, which was formed a few months before the tournament, had its moments against much-experienced teams.Afril Bernardino was the first to show up for the Philippines in a 12-10 loss to Germany. In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Then, it was the Janine Pontejos show in the Philippines’ last two games. She hit five long balls for 13 points in a 21-17 loss to Spain.“The crowd gave me the energy and every time I made a shot they would all scream and of course when that happens my defense also improves,” said Pontejos in Filipino.Aquino added other teams from outside the country have shown interest in his players and he hopes the officials here in the Philippines could also follow suit.Bernardino, Gemma Miranda, and Alyanna Lim played as imports in Malaysia a few months before the 3×3 World Cup and the three are set to return for another run.Apart from her Malaysia stint, Bernardino also received an offer from a university team in Taiwan to not only play there but also study for a graduate degree.ADVERTISEMENT Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Steam emission over Taal’s main crater ‘steady’ for past 24 hours Don’t miss out on the latest news and information. MOST READ Photo by Tristan Tamayo/INQUIRER.netBOCAUE, Bulacan—After getting its own spotlight in the world stage, the Philippine women’s national basketball team thinks it’s time for Perlas Pilipinas to be included in the Philippine delegation to the 2018 Asian Games.“Well, we’re hoping that they could finally notice us and give us a chance and maybe get us into the Asian Games in the last minute,” said head coach Pat Aquino in Filipino Sunday at Philippine Arena after Perlas’ loss to Hungary, 18-15, in the group stage.ADVERTISEMENT Jury of 7 men, 5 women selected for Weinstein rape trial China population now over 1.4 billion as birthrate falls Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Alaska on a roll Volcano watch: Island fissures steaming, lake water receding LATEST STORIES DepEd’s Taal challenge: 30K students displaced Dave Chappelle donates P1 million to Taal relief operations View comments
A disturbing development with unprecedented consequences in Education ever since Minister Werner took the realms of office is looming and if caution is not taken, the doors of public schools will be shut until something is done about it. He came into the Ministry with the tacit belief that he alone knows the answers to all the problems in Education. He ignored the National Education Plans put together by previous Ministers who are distinguished Educators-Dr Kandakai, Othello Gongar, Dr Korto and Mrs Tarpeh. All of these people did their best to revamp the system but the bottom line was always the lack of funds to do the job to bring about change.Our current Minister, having returned from USA believes he has all the solutions and can move Education from what he describes as FROM THE MESS TO THE BEST. How presumptuous is he?It is always a good thing to aim at the sky and to be ambitious; but Education is so important that no individual can claim the monopoly of knowledge to manage it.Since his tenure in office, Minister Werner has waged a war of words on teachers who can make the best of plans fail or succeed. Instead of encouraging and mentoring them, he has targeted them for humiliation, dismissal, outsourcing of pre-primary and primary schools in order to reduce the wage bill and handover public education gradually to business companies in USA and UK. Due to pressure, he has roped in local providers and faith-based institutions who have always been running schools in Liberia. Mr Minister claims the teachers are illiterate, some untrainable. The Ministry has developed a code of ethics for teachers without the involvement of teachers on the assumption that teachers are the only people responsible for all the failures of Education in Liberia. Reading through the Code of Ethics, one is prone to believing that teachers in Liberia are a bunch of criminals, involved in gang raping, gangsterism, school girl pregnancies, chronic absenteeism without good cause etc. Indeed this man must be coming from another planet.In his problem analysis, Minister Werner admits that 30 percent of teachers are without training. In Nimba, he posits that 48percent of teachers are without certification. In rural areas he claims a third of teachers are illiterate. Teacher attendance in school is poor with some teachers unpaid, names deleted on payroll, unapproved volunteer and community teachers, ghost teachers ostensibly recruited by the very Ministry of Education, teachers travelling long distances to get pay cheques. He also admits that his Ministry does not have the capacity to monitor and evaluate teacher and school effectiveness. Furthermore, the Minister admits that teachers are demotivated with no incentives to attract and retain qualified ones.Instead of tackling these problems, Minister Werner, under the influence of business organisations and the World Bank who pose as messiahs of Privatisation, have chosen the easier but unsustainable option of an unprecedented whole sale outsourcing of pre-primary and primary education, because of the number of students involved for profit making.With a United Kingdom adviser to Minister Werner, provided by former British Prime Minister Tony Blair, the Minister has signed a Memorandum of Understanding with Bridge International Academies. We understand that Bill Gates and other billionaires are supporters of enterprises such as Bridge Academies and other education service providers whose motive is not philanthropic, but purely profit making. The fact that they provide already made lessons, encrypted in tablets and supplied to teachers, majority of whom are ill-trained or non- professionals, does not guarantee the intended educational objectives. Their sole emphasis is on literacy and numeracy but these alone cannot guarantee effective educational outcomes. Education goes beyond reading and writing and Minister Werner should know that.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)