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Chart of the Week: Alternatives investors bullish on UN SDGs

first_imgMore than 90% of investors in alternatives believe the UN Sustainable Development Goals (SDGs) will help the financial industry tackle pressing environmental and social issues, according to a survey.Around a third of the investors “fully” shared this outlook, while the remainder (60%) “somewhat agreed,” according to the survey report.A large majority (89%) of the investors indicated they thought the goals would help them measure more specific environmental, social or governance (ESG) outcomes, and 78% thought the SDGs would create new investment opportunities.The survey was carried out by LGT Capital Partners, part of the Liechtenstein royal family’s banking and asset management group. The $60bn (€54bn) alternatives specialist surveyed more than 200 investors from 28 countries who invest in private equity, real estate, private debt, infrastructure and hedge funds. Source: Source: GI Hub/Edhec Infrastructure Institute Source: GI Hub/Edhec Infrastructure InstituteImportance of ESG factors for infrastructure investors – 2016 GI Hub/Edhec survey#*#*Show Fullscreen*#*# Source: LGT Capital PartnersAccording to the survey, many investors had already taken concrete steps “to help turn the promise of the SDGs into an investable reality” and a large proportion was planning to start integrating (40%) and reporting on (48%) them in the next two years.Expectations-practice gapLGT said the survey showed investors were “grappling” to find the right approach to incorporating the goals into their investment processes, with few (10%) assessing the impact of companies on the SDGs and even fewer (8%) reporting on this impact.“These numbers are broadly in line with what we at LGT CP have seen in the market, where many investors are talking about the SDGs, and some are defining taxonomies or mapping their existing investments to the goals,” said the company.“This is a start, but it is also clear that investors foresee hurdles to putting significant amounts of capital behind the goals.”According to LGT, the survey showed that a significant proportion of investors (18%) already had impact or SDG-related allocation targets, and another 28% planned to have them in the next two years.The share of investors willing to make such allocations increased significantly with experience, the report added.“The most experienced ESG investors (seven years or more) in our sample are twice as likely, 32% versus 16%, to have such allocations as those who are new to ESG (up to one year),” it said.On ESGLGT Capital Partner’s survey also covered the topic of ESG integration, with the manager highlighting several findings, including that:84% of investors believed integrating ESG factors into decision-making either had a neutral or positive effect on risk-adjusted returns; andmore than half of the surveyed investors (54%) said ESG was relevant to their decision-making and 47% said they had excluded managers on ESG groundsReputational risk and ethical objectives were the two most important drivers of ESG integration among the alternatives investors surveyed by LGT.Looking specifically at infrastructure investors, a survey carried out by Global Infrastructure Hub and Edhec Infrastructure Institute found that 97% now believed ESG factors were important considerations in infrastructure investment decisions, up from 86% in 2016.This was based on 36% of the surveyed investors agreeing with the statement that ESG was a “first order question, possibly at the expense of performance” in infrastructure investment, which was more than double the 17.2% reported in 2016, and 61% agreeing that ESG was “somewhat important but not an overriding consideration”.The proportion of investors indicating “ESG is unimportant in comparison with missing financial objectives” dropped from 14% to 3%.GI Hub CEO Marie Lam-Frendo said: “Infrastructure is a dynamic market, and the [survey] results can be used to help policy leaders around the world better understand the changing perceptions of investors in infrastructure. Importantly, the report highlights the significant growth in importance of ESG factors in the investment decision process.” The survey captured responses from 315 infrastructure investors, compared with 186 in the previous survey. The biggest share of respondents (43%) were institutional investors like pension funds, sovereign wealth funds and insurers, with fund managers making up a third, commercial and multilateral development banks 13%, and consultants 11%.Importance of ESG factors for infrastructure investors – 2019 GI Hub/Edhec survey “[I]nvestors are increasingly turning to the SDGs to make their ESG and sustainable investment activities more outcome-oriented,” said Tycho Sneyers, managing partner at LGT Capital Partners and board member of the Principles for Responsible Investment (PRI). “The SDGs broaden the ESG scope from risk management to value creation in financial, natural and social capital.”What are your expectations for the UN SDGs within the financial industry?  last_img read more

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Masters 2019: Tiger Woods begins chase for fifth green jacket

first_imgTiger Woods, met with a deafening roar of approval at his first-tee introduction Thursday morning at the Masters, opened with a perfect drive to draw an even bigger response as he began the 2019 tournament on an Augusta National course, where he has thrilled fans for more than two decades.Seeking his fifth Masters title, his first since 2005, Woods teed off at 11:04 a.m. ET in a grouping with Haotong Li and Jon Rahm. Masters 2019: Gary Player, Jack Nicklaus get tournament underway “It proved to me that I could win again,” Woods said earlier in the week.That’s quite a difference from 2018, when Woods’ arrival at Augusta National was met with as much curiosity as fanfare in his return to the tournament coming off spinal fusion surgery. He finished tied for 30th last year at 6-under.This year? He clearly thinks his game is in shape to not only still compete with a young generation of golfers who weren’t around when he last one the Masters, but beat them, too, for a 15th major title that he has been waiting more than 10 years to get.”I would not have foreseen that for sure,” Woods said earlier this week. “After I won my 14th, I felt like I still had plenty of more major championships that I could win, unfortunately I just didn’t do it, I put myself there with chances on the back nine with various places, I just haven’t won. On the opening 445-yard par 4, Woods followed his drive with an iron to the middle of a receptive green on a hole that hasn’t been kind to him (he is 16-over par in his career on No. 1, known as “Tea Olive”). Woods two-putted from there for a tidy par and a steady start to the round.Playing in his second consecutive Masters after experiencing a litany of personal and physical problems, Woods arrived at the year’s first major with renewed confidence born out of his victory in the Tour Championship last fall. Related Newscenter_img “Hopefully I put myself there again.”Woods has been particularly good at Augusta National, even amid struggles elsewhere, finishing sixth in 2009, fourth in 2010, 2011 and 2013 and 17th in 2015.Woods, Li and Rahm will play together again Friday, scheduled to tee off at 1:49 p.m. before the 36-hole cut is made at the tournament’s midpoint. Updated Masters 2019 odds: Tiger Woods draws record bet among favorites as tournament tees offlast_img read more

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Works to commence on Mazaruni, Georgetown prisons

first_img…Ramjattan claims budget allocations will never be enoughWith approximately $1.5 billion dedicated specially towards expansion and rehabilitation of the prison infrastructure, works are expected to commence in 2018 to expand the Mazaruni Prisons and rebuild the destroyed Georgetown Prisons.Public Security Minister Khemraj Ramjattan on Saturday told reporters that while he would have liked to have been allotted a larger sum for the ministry, he is nevertheless happy with the amount which is going to be directed into upgrading major prison infrastructure.An artist’s impression of the New Mazaruni PrisonsThe entire Security Sector received a total of $30.7 billion from Budget 2018, of which $1.8 billion has been provided to cater for the Prison Service‘s operational costs — a 4.6 per cent increase over Budget 2017.However, the Public Security Minister explained that while no minister would ever be satisfied with what has been allocated their ministry, every minister has to be cognisant of the finances available to Government.“I did indicate to the (Finance) Minister that I would need lots more (money) because, as I said, we need lots more rehabilitation; lots more brand new buildings; lots more assets; and indeed, you’re never satisfied…“(But) we have to understand the Finance Minister’s position, (which) is that this is the amount of money he has, and we have to be collegial in understanding his predicament too. As a matter of fact, he has jumped it up higher than last year, in view of the demands; but we are not going to get exactly what we want, because the revenue stream is not there,” Ramjattan explained.In his 2018 Budget presentation, made two weeks ago, Finance Minister Winston Jordan posited that Government has risen to the task of addressing the long-term needs of the security sector, particularly as those needs relate to the prison services following the massive Camp Street Prison fire and subsequent jailbreaks. “This wanton act of violence and mayhem threatened our national security. It is an experience that has illuminated the state of dysfunction and disarray into which our security services had fallen over the past two decades…This catastrophe has forced us, therefore, to undertake a comprehensive examination of the security sector. It has resulted, also, in the diversion of scarce resources to address both the immediate security and management concerns, as well as the judicial and other related systems,” the Finance Minister had said in his Budget speech.Following the July 9th events, Government revealed plans to expand the Mazaruni Prison – a project that would cost some $2 billion, but which would streamline the local prison system as well as reduce the overpopulation.Jordan had stated that $1.5 billion had been allocated to the prison sector specifically for works to be on the critical prison infrastructure. These works, he noted, would include the expansion of the Mazaruni Prison to accommodate 400 inmates, or 61 per cent more than its current capacity; as well as commencing the rehabilitation of the Georgetown Prisons in the New Year.In addition, the Finance Minister noted that over $150 million have also been allocated to purchase surveillance equipment, body scanners, and beds, among other items; while provisions have been made for the strengthening of the Prison Service‘s capacity for case management, as well as rehabilitation and reintegration.He revealed that, in 2018, a study would be conducted on appropriate treatments for substance abuse as a health issue within the criminal justice system. The findings from this research will inform interactions with the Judiciary, as Government assists in developing policies to reduce over-reliance on imprisonment.Probation services would also be strengthened to support this paradigm shift, Jordan had stated.last_img read more

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