It highlighted this as an area of “policy direction” for the European Union, saying the ESAs “should build sufficient expertise on sustainability issues, scenario analysis and general ESG factors related to medium and long-term risks”.It specifically recommended that the role of the ESAs in assessing ESG-related risks be enhanced.The European Systemic Risk Board last year recommended that stress tests of European pension funds cover climate-related risks.The HLEG’s report set out eight recommendations in total in its report.It recommended that the EU develop a classification system and establish an official European standard and label for green bonds and other sustainable assets.Commissioners Valdis Dombrovskis and Jyrki Katainen said in their introduction to the report: “These labels will provide the confidence and trust in sustainable and green products needed for investors to fund the transition to the low-carbon economy.”PensionsEurope, the trade body for European pension funds, welcomed the classification and label recommendations. However, Matti Leppälä, secretary general of the association, cautioned against introducing new rules and obligations for the European pension fund sector, saying that the HLEG’s report included suggestions on revising the European pension fund directive IORP II.“The new IORP II directive includes many provisions on ESG, as part of risk management and investments,” he said. “It would be advisable to first see the impact of these new rules before expanding them.”ESG ‘integral’ part of fiduciary dutyThe HLEG noted that the IORP directive took sustainability issues into account, but said that it and other directives would need to be reviewed to implement “the clarification of fiduciary duty and sustainability”.The HLEG has recommended it be clarified that managing ESG risks is an integral part of fiduciary duty. A single set of principles on fiduciary duty and the related concepts of loyalty and prudence should be established in the European Union, according to the HLEG.Stefanie Pfeifer, chief executive of the Institutional Investors Group on Climate Change (IIGCC), said “the identification, disclosure and effective management of the huge physical and transition risks posed by climate change” must be at the core of any “functional definition” of fiduciary duty.“We therefore endorse the call by HLEG for the recent recommendations from the FSB’s Task Force on Climate-related Disclosures to be integrated in a way that advances EU leadership on this agenda and provides greater legal certainty alongside efforts to ensure an international level playing field,” she said.The other recommendations set out by the HLEG were to:- unlock investments in energy efficiency through relevant accounting rules; – strengthen ESG reporting requirements; – introduce a “sustainability test” for EU financial regulation; and – create an organisation dedicated to developing and structuring infrastructure projects and matching them with investors. The report said the group had identified “dual imperatives” for the European financial system.The Commission said it would start exploring the HLEG’s early recommendations “as of now”.The group is due to present a final report at the end of 2017 and will continue to examine other policy areas, such as integrating sustainability considerations in ratings.The report can be found here. The European Insurance and Occupational Pension Authority could in future include environmental, social and governance (ESG) risks in its stress tests of pension funds, the European Commission-appointed High Level Expert Group (HLEG) on sustainable finance has suggested.The idea was included in a wide-ranging interim report on its work to help develop an EU strategy on sustainable finance, published today.The other European Supervisory Authorities (ESAs) could do the same, the report said, identifying climate-related risks as the most “obvious”.However, this should only happen once “sufficient expertise on sustainability has been built up to avoid undue scenarios and outcomes”, according to the HLEG.
Arsene Wenger’s side passed up the opportunity to take first place on St Stephen’s Day – losing 4-0 at Southampton, for whom Shane Long scored twice.Their manager says he’s confident his squad is strong enough to sustain a title challenge.Tottenham could go third with a win away to Watford. Three points from their meeting with Swansea could see Crystal Palace crack the league’s top four this afternoon. Elsewhere, Everton play host to Stoke, West Brom face Newcastle, Norwich take on Aston Villa, and Southampton go to West Ham.
All eyes will be on the injury report leading up to the Sunday Night Football matchup between the Packers and 49ers. Star TE George Kittle is “questionable” and figures to be a true game-time decision. Fantasy football owners will be looking for the latest updates throughout the day, and we have you covered until the official active/inactive report is released so you can feel good about one of your final start ’em, sit ’em decisions for Week 12.For news on banged-up players Tom Brady, Jordan Howard, and Adrian Peterson, click here; for updates on injured WRs, including Julian Edelman, Alshon Jeffery, and Emmanuel Sanders, go here; for the Week 12 weather report, click here. Follow us for more news and updates on Twitter @SN_Fantasy. WEEK 12 PPR RANKINGS: Running back | Wide receiver | Tight endAt this point, it’s tough to say if Kittle will suit up, but he seems to be trending toward being active. If he’s out, Ross Dwelley would once again resume starting TE duties. He’s received 12 targets the past two games, and last week against Arizona, he scored two touchdowns. Green Bay is a top-five matchup for TEs, so if Kittle is out, Dwelley is in play as a TE1.If you’re going to wait out Kittle this week, you should have either Dwelley or someone else from the prime-time games ready to go as a backup. Mark Andrews and Gerald Everett likely aren’t available in your league — and Jimmy Graham might not be either — so you’d be left with Dwelley or someone like Tyler Higbee or Hayden Hurst. Kittle is worth waiting for, though, and if he’s active, he’s a must-start even if he plays slightly fewer snaps than usual. WEEK 12 NON-PPR RANKINGS:Quarterback | Running back | Wide receiver | Tight end | D/ST | KickerIs George Kittle playing Sunday night?UPDATE: Kittle is officially ACTIVE.Kittle has missed the past two games because of a knee injury, but after getting in limited practices all week, he’s listed as “questionable” and says he’s moving in the “right direction”. ESPN’s Adam Schefter reported early Sunday morning that Kittle is expected to play.
$14.69 TodayYesterday7 days ago30 days ago Buy US$10.70 People Can Fly, the devs behind Bullestorm and Gears of War: Judgement, might be crafting a new original IP for Square Enix. Starting in May, Square Enix started posting fictional in-game logs on a mysterious Twitter account. For a whole month no one really noticed…that was until a mention of E3 was tossed in. The project is called Outriders, it’s sci-fi based, and is set around humanity’s desperate escape from a dying Earth. The scant Twitter info depicts it as a rather grim and survival-based affair that could be a perfect backdrop for a new original shooter IP–and the devs who brought us Bullestorm could be behind it. Back in 2017, Square Enix announced a strategic partnership with People Can Fly for a “new high-end original title for console and PC.” Years went by without any info on the project. Now over two years later, Outriders pops up. Coincidence? Maybe. Maybe not. This is of course guesswork on my part but it does sound pretty compelling, especially when we factor in Square Enix’s current release trajectory. Square Enix has been ramping up development on its own internal projects for years now and contracted external and third-party developers to help fill out its release slate. Big projects like Final Fantasy VII: Remake and Crystal Dynamic’s new Avengers game probably won’t release in 2019, so the publisher needs to rely on other outlying (or outriding, if you will) games to make money. Whatever Outriders is and whomever is working on it, we expect the game to release in 2019 on all major platforms (except probably for Switch). Admittedly we don’t know anything about Outriders except for its sci-fi bent and desultory story arc. We actually need to see some gameplay or even some teases before a firm connection can be made. At the same time there’s a possibility the game is unrelated to the big new AAA game being made by People Can Fly. The Polish studio just opened up a branch in New York, strongly implying the project is still well into development. “With the opening of our New York studio, we will surpass 200 staff, which will help us accelerate the development of our AAA project with Square Enix,” said People Can Fly’s CEO Sebastian Wojciechowski. Square Enix President Yosuke Matsuda confirmed the publisher would have a few surprising games for E3 2019. Outriders will be one of them. “In addition to our major titles, we also have FY2020/3 releases planned for some unique and promising games, including some for smartphones,” Mr. Matsuda said in a recent earnings brief. Outriders will be officially revealed at Square Enix’s E3 2019 showcase on June 10 at 9PM EST / 6PM PST. >>Initialize Cryostasis wake-up procedureSee it first: >>> 06.10.19 <<<#SquareEnixE3 #E32019 pic.twitter.com/VVIo3CEazj— Outriders (@Outriders) June 3, 2019 $10.70 Bulletstorm: Full Clip Edition – PlayStation 4 $10.70