Transparency Report 2013-14 V02.Indd
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Appendix 5 Written Answers to Questions Not Answered at Mayor's
Appendix 5 Written Answers to Questions Not Answered at Mayor's Question Time on 22 February 2018 Derailment of a passenger train near Wimbledon, 6th November 2017 Question No: 2018/0312 Caroline Pidgeon The Rail Accident Investigation Branch report, published on the 7th February 2018, into the derailment of a passenger train near Wimbledon on the 6th November 2017, highlighted the importance of the precise boundaries of maintenance responsibility between neighbouring infrastructure owners being correctly documented and understood by staff and managers. Please set out in detail how TfL are (a) planning to implement this and other recommendations from the RAIB report, and (b) what investigations TfL are undertaking to ensure there are no other incidents anywhere in London of gaps in the responsibility of maintenance of rail infrastructure. The Mayor Following the derailment at Wimbledon, a review of the 19 London Underground (LU) Network Rail (NR) boundaries was undertaken to ensure that they were understood, agreed and documented to the satisfaction of both parties. The final step was a joint visit at each of the sites by the local LU and NR track teams where a marker was added to the final LU track sleeper, clearly identifying the agreed boundary. This was completed in January 2018 and delivers against the important safety messages of the RAIB Report. MPS gym equipment contract (1) Question No: 2018/0313 Caroline Pidgeon On the 15th December 2017 the Deputy Mayor for Policing and Crime signed a decision that recommended a four year single supplier framework agreement for inspection, maintenance and occasional supply of gym equipment to support the MPS' operation of 66 gym facilities across its estate. -
Monster Hunting Taming the Battery Storage Beast Our EXPERIENCE Means You’Ll Have a Better One
Issue 375 EUROPE The LSE’s new green Summer 2019 opportunities ASIA Ravenhall Prison refi in Australia Issue 375 NORTH AMERICA District heating and cooling in Canada Summer 2019 LATIN AMERICA Changing dynamics in Brazilian renewables Project Finance & Infrastructure Journal MIDDLE EAST & AFRICA Bahrain signs Sitra refinery expansion POWER & RENEWABLES REPORT 2019 Monster hunting Taming the battery storage beast Our EXPERIENCE means you’ll have a better one. A leading provider of project finance agency services. No matter the type of project, you need an experienced team NORTH AMERICAN CORPORATE TRUST that can provide holistic corporate trust and agency services PROVIDER OF THE YEAR support for all aspects of the transaction. At Wilmington Trust, our keen understanding of transaction structures is supported by specific experience in executing every aspect of a deal with expertise and eciency. Our full-service, relationship-driven approach is why we’ve been at the table on some of the largest transactions in recent history, and our team stands ready to craft DOUG LAVELLE [email protected] +1 212.941.4426 a customized approach and solution for you. For more insight on how we’ve successfully supported clients on project finance transactions, contact one of our experienced professionals or visit wilmingtontrust.com/projectfinance. WILL MARDER [email protected] +1 212.941.4418 ADMINISTRATIVE AGENT | COLLATERAL AGENT | DEPOSITARY | ACCOUNT BANK | TRUSTEE | INTERCREDITOR AGENT Services provided by Wilmington Trust, N.A. Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., M&T Bank, and certain other aliates provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management, and other services. -
G20 Sustainable Finance Synthesis Report 2018
SUSTAINABLE FINANCE STUDY GROUP Synthesis Report July 2018 Contents EXECUTIVE SUMMARY ................................................................................................ 4 INTRODUCTION ............................................................................................................ 8 CREATING SUSTAINABLE ASSETS FOR THE CAPITAL MARKETS .................... 11 1.1 Background ................................................................................................... 12 1.2 Creating Sustainable Assets and Expanding Debt Capacity ................ 14 1.3 Challenges to Creating Sustainable Assets for Capital Markets .......... 22 1.4 Voluntary Options for Creating Sustainable Assets for the Capital Markets ................................................................................................................. 24 DEVELOPING SUSTAINABLE PRIVATE EQUITY AND VENTURE CAPITAL .... 27 1.1 Background ................................................................................................... 27 1.2 Developing Sustainable Private Equity and Venture Capital Markets 29 1.3 Challenges to Developing Sustainable Private Equity and Venture Capital ................................................................................................................... 31 1.4 Voluntary Options for Developing Sustainable Private Equity and Venture Capital .................................................................................................... 33 APPLICATIONS OF DIGITAL TECHNOLOGIES TO SUSTAINABLE FINANCE . -
Developing Sustainable Private Equity and Venture Capital
Sustainable Finance Synthesis Report 3 G20 Sustainable Finance Study Group July 2018 Acronyms and Abbreviations ABS Asset-backed securities AI Artificial intelligence CDP Cassa Depositi e Prestiti (Italy) CLO Collateralized loan obligation DCMs Debt capital markets ESG Environmental, social and governance EU European Union GDP Gross domestic product GFSG Green Finance Study Group of the G20 IADB Inter-American Development Bank 4 IFC International Finance Corporation IoT Internet of things MLAI Machine learning and artificial intelligence OECD Organisation for Economic Co-operation and Development P2P Peer-to-peer PAED Publicly available environment data PE Private equity SBG Sustainability Bond Guidelines SBP Social Bond Principles SDGs Sustainable Development Goals SFSG Sustainable Finance Study Group of the G20 SIBs Social Impact Bonds SMEs Small and medium-sized enterprises SPV Special purpose vehicle TCFD Task Force on Climate-related Financial Disclosures UK United Kingdom US United States VC Venture capital WEF World Economic Forum Sustainable Finance Synthesis Report Acronyms and Abbreviations G20 Sustainable Finance Study Group July 2018 Table of contents Executive Summary 7 Introduction 13 1. Creating Sustainable Assets For The Capital Markets 19 1.1 Background 20 1.2 Creating Sustainable Assets And Expanding Debt Capacity 23 1.3 Challenges To Creating Sustainable Assets For Capital Markets 35 1.4 Voluntary Options For Creating Sustainable Assets For The Capital Markets 38 5 2. Developing Sustainable Private Equity And Venture Capital 43 2.1 Background 43 2.2 Developing Sustainable Private Equity And Venture Capital Markets 45 2.3 Challenges To Developing Sustainable Private Equity And Venture Capital 49 2.4 Voluntary Options For Developing Sustainable Private Equity And Venture Capital 52 3. -
22 October 2018 Dear Ms Clay, LOCAL GOVERNMENT PENSION
By email Teresa Clay Ministry of Housing, Communities and Local Government Fry Building 2 Marsham Street London, SW1P 4DF 22 October 2018 Dear Ms Clay, LOCAL GOVERNMENT PENSION SCHEME POOLING: AUTUMN 2018 PROGRESS REPORT Thank you for your letter of the 26 July 2018, and your positive feedback. I hope the information set out in this letter and the Northern Pool’s progress update to 30 September 2018, which we are pleased to enclose herewith, addresses the matters you raised. Once again we would like to emphasise our strong support for the outcomes that the Government seeks from pooling in the LGPS, which we expect to benefit Scheme members, employers and taxpayers alike. In order to achieve these outcomes, all pools must meet the requirements of the LGPS Investment Regulations and the Pooling Criteria and Guidance, which you issued in November 2015. The Northern Pool has already started to deliver immediate cost savings, strengthened governance arrangements, and via its GLIL infrastructure vehicle and housebuilding finance, a significant increase in investment in UK infrastructure. Independent benchmarking analysis, highlighted in the progress update, continues to show that the performance of the funds in the Northern Pool has been well above the LGPS average, whilst our average costs are below those of the Northern Pool’s global peer group. However, as we discussed when we met in May, we remain disappointed that all LGPS funds and pools are not participating in such analysis. Due to their existing scale and low cost, the vast majority of the benefits of pooling for the funds in the Northern Pool as we have previously advised relate to alternative assets where there is greatest scope to generate further economies of scale, and to combine resources to make increasingly direct investments. -
Glasgow City Council
Item 14 Glasgow City Council 4th March 2020 Strathclyde Pension Fund Committee Report by Director of Strathclyde Pension Fund Contact: Richard Keery, Investment Manager, Ext: 77398 Responsible Investment – Activity to 31st December 2019 Purpose of Report: To advise the committee of activity during the quarter in respect of the Fund’s responsible investment policy. Recommendation: The committee is asked to NOTE the contents of this report. Ward No(s): Citywide: Local member(s) advised: Yes No consulted: Yes No PLEASE NOTE THE FOLLOWING: Any Ordnance Survey mapping included within this Report is provided by Glasgow City Council under licence from the Ordnance Survey in order to fulfil its public function to make available Council-held public domain information. Persons viewing this mapping should contact Ordnance Survey Copyright for advice where they wish to licence Ordnance Survey mapping/map data for their own use. The OS web site can be found at <http://www.ordnancesurvey.co.uk> " If accessing this Report via the Internet, please note that any mapping is for illustrative purposes only and is not true to any marked scale 1 Background The Fund became a signatory to the United Nations Principles for Responsible Investment in 2008, and has adopted the principles as its responsible investment policy. The principles are set out in full in Appendix 1 together with a summary of the Fund’s strategy for applying them in practice. 2 Activity: Quarter 4 2019 A summary of activity against each of the principles is provided below. 2.1 We will incorporate Environmental, Social and Governance (ESG) issues into investment analysis and decision-making processes The Fund’s ongoing work to incorporate long-term environmental, social, and governance (ESG) factors into investment analysis and decision-making processes was recognised by the United Nations Principles for Responsible Investment through inclusion in the (PRI) 2019 Leaders’ Group. -
FOI5409 Information Provided 1
Organisation Name Bank of America, N.A. B & C E Financial Services Limited CDC Group Plc PB Financial Planning Limited Seneca Investment Managers Limited Garraway Capital Management LLP Clearbrook Capital Partners LLP Generation Investment Management LLP Basso Associates UK Limited Lesmoir-Gordon, Boyle & Co Limited Myddleton Croft Ltd Amerro Asset Management LLP Thompson Taraz Depositary Limited Nimrod Capital LLP Chenavari Credit Partners LLP CELF Advisors LLP Revcap Advisors Ltd Nikolaus & Co LLP Nelsons Solicitors Limited Founding Asset Management Limited Helios Asset Management Ltd LGT Vestra US Limited Option Solutions LLP David J Bennett & Co Capital & Counties Asset Management Ltd Raeburn Christie Clark & Wallace Cavendish Asset Management Ltd Duncan Lawrie Limited GCA Altium Limited Rathbone Investment Management Limited J. Edward Sellars & Partners Limited SDB Strategic Planners Limited J.P. Morgan Trustee & Administration Services Limited Baxter & Co SW Partnership Ecclesiastical Insurance Office Plc Cal Investments Ltd J.P. Morgan Markets Limited Record Currency Management Limited R.J. O'Brien Limited Australia and New Zealand Banking Group Ltd Berkeley Futures Ltd HSBC Bank Plc Sabre Fund Management Ltd GF Financial Markets (UK) Limited Sucden Financial Limited Stockdale Securities Limited Standard Chartered Bank Man Investments Ltd Whitechurch Securities Limited Bordier & Cie (UK) PLC Thesis Asset Management Limited BDDL Limited Maunby Investment Management Ltd Amundi (UK) Ltd Finesco Financial Services Limited Richmond -
Transparency Report 2013-14 V02.Indd
RI TRANSPARENCY REPOR T 201 9 Iona Capital Limited An investor initiative in partnership with UNEP Finance Initiative and UN Global Compact About this report The PRI Reporting Framework is a key step in the journey towards building a common language and industry standard for reporting responsible investment (RI) activities. This RI Transparency Report is one of the key outputs of this Framework. Its primary objective is to enable signatory transparency on RI activities and facilitate dialogue between investors and their clients, beneficiaries and other stakeholders. A copy of this report will be publicly disclosed for all reporting signatories on the PRI website, ensuring accountability of the PRI Initiative and its signatories. This report is an export of the individual Signatory organisation’s response to the PRI during the 2019 reporting cycle. It includes their responses to mandatory indicators, as well as responses to voluntary indicators the signatory has agreed to make public. The information is presented exactly as it was reported. Where an indicator offers a response option that is multiple-choice, all options that were available to the signatory to select are presented in this report. Presenting the information exactly as reported is a result of signatory feedback which suggested the PRI not summarise the information. As a result, the reports can be extensive. However, to help easily locate information, there is a Principles index which highlights where the information can be found and summarises the indicators that signatories complete and disclose. Understanding the Principles Index The Principles Index summarises the response status for the individual indicators and modules and shows how these relate to the six Principles for Responsible Investment. -
Impact Investing Database.Pdf
The Project on Impact Investments’ Impact Investment Database M. Diane Burton Josh Lerner Shawn Cole Fanele Mashwama Abhishek Dev Yue (Cynthia) Xu Christina Jarymowycz T. Robert Zochowski Leslie Jeng Working Paper 20-117 The Project on Impact Investments’ Impact Investment Database M. Diane Burton Josh Lerner Cornell University Harvard Business School Shawn Cole Fanele Mashwama Harvard Business School Harvard Business School Abhishek Dev Yue (Cynthia) Xu Harvard Business School Harvard Business School Christina Jarymowycz T. Robert Zochowski Harvard Business School Harvard Business School Leslie Jeng Private Capital Research Institute Working Paper 20-117 Copyright © 2020, 2021 by M. Diane Burton, Shawn Cole, Abhishek Dev, Christina Jarymowycz, Leslie Jeng, Josh Lerner, Fanele Mashwama, Yue (Cynthia) Xu, T. Robert Zochowski. Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It ym a not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Contributions by Brandon Buell, Jennifer Chen, Madelyn Kuo, James Mason, Nicole Sturgis, Yiqiu Zhou. Madelyn Kuo is an undergraduate student at Cornell University. B randon Buell, Jennifer Chen, James Mason, and Nicole Sturgis are undergraduate students at Harvard University. Yiqiu Zhou is a research associate at the Private Capital R esearch Institute. Lerner has a dvised institutional investors in private equity funds, private equity groups,d g an overnments designing policies relevant to private equity. All errors and omissions are our own. Funding for this research was provided in part by Harvard Business School. We are grateful to the Private Capital R esearch Institute for support in t he data and analysis for this paper. -
Strathclyde Pension Fund Office Spf Committee
2016/17 Overview Richard McIndoe Director SPFO 2016/17 Overview Agenda Session 1 – 2016/17 Review • Investment • Administration • Finance Session 2 • Governance • Actuarial Update • Economic Perspective Awards Investments Jacqueline Gillies Chief Investment Officer Investment Performance Fund performance for year ended 31 March 2017 25.0 23.1 22.0 20.0 15.0 10.0 % Return 4.9 5.0 2.3 2.3 0.0 Fund Return Fund Benchmark Actuarial Assumed Return Consumer Price Index Average Earnings Local authority universe ranking 16/17: 14th percentile Dow Jones Industrial Average Investment Strategy • The Fund has adopted a risk-return asset framework as the basis for modelling and agreeing investment strategy Growth Protection Income Investment Strategy and Structure The current objectives of the investment strategy are to achieve: • a greater than 2/3 probability of being 100% funded by 2026; and • a less than 10% probability of falling below 70% funded over the next three years. Asset Current Alt 1 Alt 2 Alt 3 Alt 4 % % % % % Equity 72.5 62.5 52.5 42.5 32.5 Hedging/Insurance 4.5 1.5 1.5 1.5 1.5 Credit 3.0 6 .0 6.0 6.0 6.0 S/T Enhanced Yield 7.5 15.0 20.0 25.0 30.0 L/T Enhanced Yield 12.5 15.0 20.0 25.0 30.0 Return (% p.a.) 6.1 6.0 5.9 5.8 5.5 Volatility (% p.a.) 13 12 11 10 9 Investment Strategy and Structure • Sold £2.7 billion of Equity across 4 portfolios; £100 million from Hedging /Insurance (UK Gilts) • Re-invested £1.2 billion into Equity • Invested £1 billion into debt mandates to increase exposure to Short term enhanced yield • Investment c£400 million into a US Credit mandate with Legal and General • Remainder held in cash to fund ongoing commitments to Short Term Enhanced Yield Current allocations .