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.
New Delhi : India’s Test specialist Cheteshwar Pujara Monday said it was a “bit unfair” on New Zealand to finish second best after England were adjudged the World Cup winners on boundary count following an edge-of-the-seat final at Lord’s. England had 22 fours and two sixes to New Zealand’s 16 boundaries, tying the match and the ensuing Super Over before winning on boundary count”I felt there were no losers in the final. Both teams should have shared the trophy. But then it is up to ICC to decide, to come up with ideas.It has never ever happened in a World Cup final before, so I am not sure about the rules,” Pujara said on the sidelines of a sports conclave organised by Indian Oil Corporation (IOC) here” But it can be a bit unfair for New Zealand because they played so well but ultimately it was a great game of cricket and I’m sure this game will be remembered for the time to come.”India’s number four position was a subject of constant debate during the World Cup and Pujara said though he would have loved to take that spot in the squad, he is now looking forward to future assignments.”It would have been nice to be a part of the Indian World Cup team but it is something in the past. I am looking forward to the future opportunities and hope to be part of West Indies and Test championship, the focus will be on that. Unfortunately we lost in the semifinals but we will learn from it.”Asked if he thinks he deserves a place in the shorter format, Pujara said: “Of course, see I have been performing well in Tests and so I think I have the capacity to play in the shorter format of the game. I am improving my skills in ODIs and T20Is and in domestic matches I have got the results also. So I want to play all the format.”India will be touring West Indies for two Tests, three T20Is and three ODIs, beginning August 3 and Pujara said he has already started his preparation for the series.”I have already started my preparation for West Indies.I will be playing some of the league games in India and we have a week’s time before travelling to West Indies and we will be preparing there as well. We also have a practice game there,” he said.”In terms of preparation, I am already practising at home, what I have to do to be successful in West Indies, also in terms of fitness.”So I am having such conditions which could be there in West Indies. You might have fast pitches there where you have to adjust to the pace and bounce, so I’m preparing in such conditions.”Asked if he would be playing County cricket for Yorkshire, Pujara said: “No, not before the West Indies series because the time duration that they want is 2 and a half to 3 months, which is not possible now. If something comes up after the West Indies series, I might take it up.”Skipper Virat Kohli and pacer Jasprit Bumrah are likely to be rested for the limited over series against West Indies and Pujara said it would be a good opportunity for the youngsters to prove themselves.”Kohli and Bumrah are part of all the formats, they are playing constant cricket so obviously they need rest. I am not sure if they will be part of Test squad but from what I heard is they might not be there for ODIs and T20s, we have to wait for the team announcement,” he said.”So if they are not part of Tests, we have some young players, obviously they can’t match the experience of Bumrah and Kohli but it is a good opportunity for them to perform and show their talent. It would be the right platform to test the youngster.”Talking about the inaugural World Test Championship which involves the nine top-ranked nations competing in a league between July 2019 and April 2021, Pujara said: “Test championship will bring back the importance of Test cricket.”Many players are looking forward to it and obviously we would want to win it. Each and every Tests and series, especially away from home, will be important because there will be points. Performances will be monitored and we will have to win each and every Test match.” (With Inputs: PTI) For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.
Robert Prosinecki became a new coach of the National football team of BiH, and he commented the current situation in Real and Barcelona and his own expectations when it comes to the engagement in BiH.“I can wait for a debut at the bench of BiH. There is some pressure of course, but it is normal when you are leading a selection that has everything needed to achieve great results,” said the former selector of Azerbaijan, and described the style he is planning to implement in the game of the National team of BiH.“I am planning to make everything in accordance with the style of the player. Like everyone, I want my team to play like Barcelona or Manchester City, I am a coach who likes to have possession, dominance and foot to foot play. I can say that I have players who have enough quality to win against any team in Europe, stated Prosinecki.“I’ve played in Real for three years and I know that my performances were not impressive. I stopped playing for a year and a half due to my injury. The fact that I played for Real and Barcelona is a great success and honour for me”.(Source: fokus.ba)
AT THE FINISHING POSTWeather: Fine; Track: GoodRace 1 1100 M (Purse $500,000) NB4-Y-O & UP MAIDEN SPECIAL WEIGHT* 1. TEISHA’S DREAM SEllis 53.02. OBEDIENCE AGray4 51.0 9L3. IDON’TKNOW RMitchell 53.0 2L4. QUEEN OF THE TOWN LSteadman3 52.0 3 1/2LDNF #3 EAST SIDE GIRL DaneNelson 53.0WIN: $85.00PLACE: $53.00, $133.00, $59.00Final Time : 1:11.0 Splits : 24.3, 49.1, ,Winner : 4yo b filly – HOMING INSTINCT out of DARE TO DREAM by STAR OF MANILATrainer : GORDON DAVIS Owner : JUNIOR T GOLDINGBred by LAKELAND FARMS LTD.NOTE: HORSE #5 BOOK OF RULES CAME 6TH, BUT WAS DISQUALIFIED AND PLACED OUT OF THE RACEQuinella : (4,7) $439.00 Exacta : (7-4) $550.00Trifecta : (7-4-1) $280.00Race 2 1500 M (Purse $620,000) 3-Y-O & UP CLM($550,0-$500,0)/NB4YO(NW4)1. DANOS LA PAZ RHalledeen 56.02. SIR SOUTH RMitchell 53.5 1/2L3. STAR NEW VISTA SMuir 54.0 3 3/4L4. HOLIDAY WEEKEND LSteadman3 53.0 3/4LLate scratch : #1 RAJA SARANGIWIN: $211.00PLACE: $130.00, $133.00, $134.00Final Time : 1:34.3 Splits : 24.3, 48.1, 1:13.0,Winner : 4yo b colt – WAR MARSHALL out of LADY RAKWALAAY byTrainer : NEVILLE PERALTO Owner : NEW BLUE LTD.Bred by JAGHAI O.D., J.P., HENRY WILLIAMQuinella : (3,8) $947.00 Exacta : (3-8) $1,550.00D/E : (7-3) $279.00 (7-1) $69.00Superfecta : (3-8-2-9) $15,845.00Race 3 1000 M (S) (Purse $530,000) 3-Y-O & UP CLM($250,0-$210,0)/NB5YO(NW2) & 6YO&UP(NW4)* 1. ROCKETEER LSteadman3 53.02. DAGGA DAGGA LINKS WHenry 54.0 3/4L3. WAR CHIP JErwin 53.5 Sh.Head4. WINESHA RHalledeen 53.5 3/4LLate scratch : #9 NUH VEXWIN: $140.00PLACE: $78.00, $63.00, $115.00Final Time : 1:00.4 Splits : 22.4, 46.0, ,Winner : 6yo b mare – TRADITIONAL out of RACEE by FAST GOLDTrainer : TYRONE PRINCE Owner : DIMPLE R RUDDOCKMS.Bred by HAM STABLES LTD.NOTE: HORSE #1 CAME 2ND, BUT WAS DISQUALIFIED AND PLACE BEHIND HORSE #2Quinella : (1,3) $499.00 Exacta : (3-1) $1,224.00D/E : (3-3) $2,064.00 (3-9) $152.00Superfecta : (3-1-5-7) $21,419.00Rolling Triple : (7-3-3) $2,554.00Race 4 1000 M (S) (Purse $800,000) NB&IMP2-Y-O MAIDEN SPECIAL WEIGHT* 1. RALLY BABY PFrancis 50.52. BIRD CATCHER WHenry 50.5 5 1/2L3. BIGDADDYKOOL SEllis 53.0 2 1/2L4. MISS MYRTLE RMitchell 51.5 1L5. LIKE A LADY OEdwards4 50.5 3/4LWIN: $91.00PLACE: $56.00, $61.00, $141.00Final Time : 0:59.0 Splits : 22.3, 45.3, ,Winner : 2yo ch filly – MARKET RALLY out of GIVEITTOMEBABY byTrainer : RICHARD AZAN Owner : MILADE AZAN, RICHARD AZAN, LAURENCE HEFFES & EDISON CHAIBred by MILADE AZAN, EDISON CHAI, ROHAN CRICHTON, LAURENCE HEFFQuinella : (7,10) $108.00 Exacta : (7-10) $229.00D/E : (3-7) $437.00Trifecta : (7-10-1) $428.00Hi-5 : (7-10-1-5-11) $1,275.00Rolling Triple : (3-3-7) $1,358.00Race 5 1100 M (Purse $500,000) 3-Y-O & UP CLM($180,0)/NB6YO&UP(NW3)1. EL NUMERO UNO SMuir 54.02. BATTLE SONG AChatrie 55.0 3 1/4L3. EUSEBIA RHalledeen 55.0 1L* 4. ST. BERNARD RMitchell 57.0 5L5. FLAGRANS AndreePowell4 49.0 6L6. YES WE WILL OnBeckford4 50.0 3/4LLate scratch : #3 PRINCE OSHAUN, #8 FABULOUSCONNECTION, #12 REAL VIBES MACHINEWIN: $186.00PLACE: $98.00, $109.00, $79.00Final Time : 1:09.0 Splits : 23.3, 47.4, ,Winner : 5yo ch horse – TRADITIONAL out of CODE STAR by LOST CODETrainer : TYRONE PRINCE Owner : MICHAEL L WRAYBred by HAM STABLES LTD.Quinella : (2,7) $753.00 Exacta : (2-7) $2,044.00D/E : (7-2) $498.00Trifecta : (2-7-5) $1,072.00Hit-6 : (2-7-5-10-11-) $5,847.00Rolling Triple : (3-7-2) $1,976.00Race 6 1100 M (Purse $555,000) NB3-Y-O MAIDEN CLAIMING($500,0-$450,0)* 1. ANGEL STAR OWalker 53.02. LAZZA SMuir 52.5 5 1/2L3. HAIL DE CAT JPatterson4 48.5 1 3/4L4. SLEW DI CLOCK MWard4 58.0 1 1/2L5. MINY LEE LSteadman3 52.5 NeckWIN: $119.00PLACE: $71.00, $103.00, $153.00Final Time : 1:09.3 Splits : 24.1, 48.3, ,Winner : 3yo b filly – DEPUTY GLITTERS out of MAKIN ME PROUD by MAKINTrainer : GARY SUBRATIE Owner : MICHROSBred by MICHAEL BERNARDQuinella : (4,11) $174.00 Exacta : (11-4) $291.00D/E : (2-11) $989.00Trifecta : (11-4-8) $492.00Hi-5 : (11-4-8-12-7) $88,514.00Rolling Triple : (7-2-11) $1,218.00Race 7 1200 M (Purse $530,000) NB4-Y-O & UP RESTRICTED ALLOWANCE V(NW2)* 1. AWESOME CAT AndrePowell4 52.02. DR. DEAREST OMullings 51.5 5L3. MISTY WHenry 54.0 3/4L4. SEAL THE DEAL RMitchell 53.0 1 1/4LWIN: $81.00PLACE: $57.00, $99.00, $57.00Final Time : 1:16.3 Splits : 23.2, 47.1, ,Winner : 4yo b colt – TWILIGHT TIME out of JOLIE’S TREASURE by MISTER JOLIETrainer : CARL ANDERSON Owner : CARL D ANDERSONBred by CARL D. ANDERSONQuinella : (3,10) $520.00 Exacta : (10-3) $640.00D/E : (11-10) $194.00Superfecta : (10-3-9-2) $2,559.00Rolling Triple : (2-11-10) $1,028.00Super-6 : (3-9-7-2-11-10) $8,284.40Race 8 2000 M (Purse $768,000) NB3-Y-O(NW2)/IMP3YO&UP(MDN)-REST.ALL.II1. BROWN GIRL HPottinger4 50.02. CAMOUFLAGE JErwin 53.5 Neck3. SIR BIGGS PFrancis 50.5 1 1/4* 4. GRINDING TO A HALT OWalker 54.0 5 1/25. STIR IT UP AChatrie 52.0 4 1/2WIN: $1973.00PLACE: $877.00, $187.00, $308.00Final Time : 2:13.0 Splits : 24.4, 51.1, 1:15.3, 1:42.1Winner : 3yo b filly – DEPUTY GLITTERS out of RAY OF HOPE by STAR ATTITUDETrainer : RYAN DARBY Owner : RAPHAEL E GORDONBred by FRANCIS BARNETT & EDISON CHAIQuinella : (4,12) $4,113.00 Exacta : (4-12) $13,858.00D/E : (10-4) $7,642.00Trifecta : (4-12-3) $6,643.00Hi-5 carry-over : $78,344.50Rolling Triple : (11-10-4) $19,250.00Race 9 1200 M (Purse $560,000) NB5-Y-O & UP RESTRICTED ALLOWANCE IV(NW3)1. DUTCHROW ADancel 54.02. GENUINE FRIEND SMuir 54.0 1 1/4L3. KING NEBARUE HPottinger4 50.0 Neck4. JUST LIKE EMMA WHenry 53.0 1 3/4L5. SILENT STORM CBudhai 53.0 2 1/4LLate scratch : #1 PERFECT GOLDWIN: $666.00PLACE: $190.00, $126.00, $814.00Final Time : 1:16.2 Splits : 23.1, 47.3, ,Winner : 5yo b horse – NATURAL SELECTION out of HEDIA’S PROSPECT by FORTUNATE PROSPECTTrainer : DEON FACEY Owner : DEON FACEYBred by EVERGLADES FARMS LTD.NOTE: HORSE #5 PRINCESS SHEMIKA CAME 1ST BUT WAS DISQUALIFIED AND PLACED 9THQuinella : (9,13) $5,660.00 Exacta : (13-9) $9,902.00D/E : (4-13) $328,344.00Trifecta : (13-9-7) $148,717.00Hi-5 carry-over : $259,285.00Rolling Triple : (10-4-13) $78,115.00Pick-4 : (11-10-4-13) $94,448.00Super-6 : (7-2-11-10-4-13) $678,481.00Pick-9 : (7-3-3-7-2-11-10-4-13) $38,581.00 (7-3-3-7-2-11-10-4-13) $422.50 Carry-over : $1,397,466.42PlacePot 8 : Carry-over : $171,495.00